TAX DAY, and 47 percent of all adult Americans pay NO Federal Income Taxes - TechRepublic
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April 15, 2010 at 08:42 PM
maxwell edison

TAX DAY, and 47 percent of all adult Americans pay NO Federal Income Taxes

by maxwell edison . Updated 16 years, 2 months ago

I wonder if such a thing happens in other industrialized countries? (Great Britain, Canada, Australia, France, Germany, Japan, et al?)

I wonder what will happen when the percentage of those paying NO Federal Income Taxes surpasses 50 percent?

I wonder what will happen when our national debt equals – or exceeds – our GDP (Gross Domestic Product)?

I wonder what will happen when the 20-somethings, 30-somethings, and 40-somethings realize their future is saddled with a huge unsecured debt?

I wonder what will happen when the 20-somethings, 30-somethings, and 40-somethings realize they’ve been saddled with huge unfunded entitlement obligations to others?

I wonder what will happen when …..

But what the hell? Many of those 20-somethings, 30-somethings, and 40-somethings actually voted for it! To them: Have fun sleeping in the bed you made.

This madness is simply not sustainable.

The [i]progressives[/i] have been able to trump reality by playing the [i]compassion[/i] card. But in the end, they will be proven to be the Jokers – unfortunately, it will come at the expense of the rest of the deck.

Yes, I wrote a pretty big check today. And not only am I not thanked for it, but I’m actually ridiculed. Maybe they want my heart as well?

As hard as I try, and as hard as I work, funding my own retirement remains that elusive butterfly. Other people just won’t allow me to do it. And the check I wrote today proves it – maybe when I’m 80 or when pigs fly.

Maybe I should chuck the effort and become a ward of the state. Maybe I’ll just do what’s necessary so I can become a tax receiver instead of a tax payer. Maybe I’m on the wrong band-wagon. Yea, that’s it; I’m on the wrong band-wagon.

Happy tax day!

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