The word “Taxes” can invoke feelings of fear and apprehension, such as not having a clue how to prepare an amended tax form, because the IRS said they refigured your 6 year old return and now you owe $10,000 instead of your expected refund of $400, which by the way, you owe back.
On the other hand, “Taxes” can invoke a Patriotic feeling, for after all, it was taxes which so enraged the colonists, which eventually resulted in the Revolutionary War and the very creation of our country. We pay taxes this very day to support our troops abroad, much as the English did for their troops over here.
So we have feelings of fear, apprehension, patriotism and a whole gamut in between, including the majority felt, “I just don’t like paying taxes” and “Taxes are too high.”
I’ve never been a fan of taxes, but I always knew it was one of them “necessary evils” they talk about, whoever they are. Taxes are one thing, but when the Government enters into a conspiracy with Big Business to bilk additional billions of dollars of cruel and unusual taxes from its citizens, now I’m pissed.
I read an article where a lovely young couple, late twenties, a couple of kids, in debt over their head, but treading water, thought they had died and went to Heaven when they were notified they were to be participants on a television game show.
The young couple were extremely lucky playing the highly televised, and very profitable show, for the Big Business which owned it. They walked away ecstatic, as they had won prices, boats, motorcycles and furniture, they could have never been able to afford to buy themselves, not anytime in the near future anyhow.
Their first notification from the IRS left them surprised and confused, while the second notification led to panic and bewilderment, and the third left them devastated and hopeless.
This young couple were 1 of millions of Americans who didn’t know they owed taxes on everything they won on that game show. The taxes due were far above any amount they could pay, they tried selling the goods, but were only able to get a fraction of its actual value and then they owed taxes on the income they received when they sold the merchandise.
The couple eventually lost their home to foreclosure and declared bankruptcy in the process. What had appeared as a gift from Heaven, became a cancer of cruel taxation which literally ate their financial future.
Speaking of bankruptcy, that brings me to my next burr under the saddle. Government, how should I say it, Stupidity, has created an economic collapse of our economy, which has really hammered the middle class hard, resulting in a historic amount of personal bankruptcies being filed.
Although the Bush administration, with collaboration of Big Business, attempted to stop the ability to file bankruptcy as a whole, instead were successful at making it extremely difficult, but not impossible to declare.
Faced with the possibility of bankruptcies discharging debts, mainly credit card debt, Big Business and the Government conspired to create another avenue in which to wring every last penny they could from the American citizen. Had it not been so cruel to the people, it would have been a brilliant win-win situation, for both of them.
They created and advertised heavily, appealing to a persons’ moral values, debt reductions companies. Millions of people have enlisted these type pf companies to negotiate debt forgiveness with credit card companies.
Here’s the rub nobody is informed of until too late. The Credit negotiation companies make profit from the debtor, the Credit Card Companies get profit from monies which you would not have paid had you filed bankruptcy, AND any debt the Credit Card company forgives, which is normally exorbitant interest rate debt, is counted as income and you now owe taxes on it.
Taxes of course are Non – Dischargeable through bankruptcy, so in theory, a very realistic theory, everybody involved can make a profit from your debt, except you, who could lose everything you had left due to an IRS seizure.
The Co-Conspirators, both of business and government, should face criminal charges and jail time for their deeds. What they did was really no different than Ponzi Schemes run by recent infamous White Collar criminals.