Yahoo runs this Associated Press article with the headline, “Nearly half of US households escape fed income tax.”
Notice a couple things.
01. The word “escape” implies that the households (families) are getting away with something, almost as if they’re cheating the system.
Truth: For better or for worse this is the nature of the system as it currently stands. These families are not breaking the rules, rather their standing is a product of following the rules.
02. Read between the lines/think about the purpose of this article. Something like this is the rationale behind the article: If half of the households in the country are getting off free (from fed income tax), then we obviously need a new tax that will cover everybody, i.e., a Value Added Tax (VAT) or some other taxation concoction, right?
Truth: taxation comes in many forms– the American people are already over-taxed. When you add up all the various and numerous taxes from payroll taxes to property taxes, from gasoline taxes to registration fees, and everything in between, you see that already more (sometimes a lot more) than 30 percent of your paycheck goes to government.
When it comes to government collecting taxes, enough is never enough.
Always remember: there’s not a revenue problem in Washington, there’s a spending problem. Better hold onto your wallet because Obama has to find a way to pay for his government take-over of healthcare. He’s coming for you.