Everyone should read this!!!
EBUCK
The sooner that people realise that all business can do is pass costs back to the consumer or go bankrupt, the sooner we might understand that the poorest welfare mother on the block pays virtually the same tax as the richest among us.
The whole scam of taxation is nothing more than a shell game to create the impression of a free lunch for selected constituencies that are inclined to support more spending. Unfortunately that scam works all too well, and hits us all with that additional cost of complying with the tax code besides.
What most folks perceive is best explained by
Walter Williams, World Net Daily, 10-25-2000
According to the most recent U.S. Treasury Department figures, in 1997 the top 1 percent of income-earners (those with income of $250,000 and higher) paid 33 percent of all federal income taxes. The top 5 percent of income-earners ($108,000 and over) paid 52 percent, and the top 50 percent ($36,000 and over) paid 96 percent of income taxes. Guess what the bottom 50 percent of income earners paid?
If you're among those who pay little or no federal income taxes, what do you care about tax cuts? Moreover, if you think tax cuts pose a threat to government handout programs, you might be openly hostile and support Al Gore's silly "risky scheme" talk. So many Americans paying little or no federal taxes makes for a natural spending constituency. It's like me in the restaurant: What do I care about extravagance if you're footing the bill?
The reality is that taxation hits everyone at the market through the mechanisms of commerce that pay the wages, salaries, dividend, interest, ... on which we all derive our livelyhood and pay taxes through: