In case you haven’t heard, we have a new rule for airlines. They no longer can advertise low prices without including all the extra fees, taxes and surcharges. Obviously this has upset some of the carriers.
I think that we should enact a rule for the governments. Make them expose all the fees, taxes, and surcharges of every program they implement. Everyone knows about income tax - well maybe they don’t. The idea is that every working person has to pay a tax on their income. But what about the hidden costs? Companies have expenses to maintain and collect the taxes. Employees have expenses to prepare annual forms to send to the IRS.
Don’t think these costs are insignificant? You would be wrong. Companies, even mom and pop operations, spend millions or perhaps billions each year to be administrators for government at all levels.
The list of taxes, often called fees, is longer than several arms. Stop and think about it. Not only income taxes, but sales taxes, business taxes, property taxes, and there may be a just for fun tax. If you think about for a moment, you will discover that you pay taxes on your earned income and you pay taxes on the taxes.
If someone runs for President with a guaranteed plan to expose all the fees, taxes, surcharges and whatever else is hidden, then that’s my man or woman.
I don’t know how much my fees and surcharges are taxed, but I know I can’t afford it.
PMO
©2011
No comments:
Post a Comment