Taxmaggedon

According to Fox News as reported by Newsmax the average American family will be hit by a $3,800 increase in taxes come the New Year, unless Congress acts to extend a series of breaks. Hence, January 1, 2013 has a name - Taxmaggedon.

Fox reports that several different tax programs expire at the end of the year including the Bush-era cuts that will push the bottom of the tax rate from 10 to 15 percent and the top rate from 35 to 39.6 percent. The child tax credit will go from $1000 to $500, the marriage penalty will return, tax on dividends will go up nearly threefold and the alternative minimum tax will hit about 34 million taxpayers. The alternative minimum tax is the original "Buffett" tax. I don’t know how both taxes would work together, but I am sure it will be a "fair share."

As someone said, "The problem with paying more taxes is that we get more government." I’d like to add, "And, when we get more government, we get higher taxes."

Doesn’t it make sense that if we pay less taxes, we would have less government?

How would we ever know what to do if we didn’t have government telling us? What would we do with all the extra money?

I’d buy a pony. Never had one as a kid. My parents paid all the pony money in taxes.

PMO
©2011