Wednesday, Taxes, everyone’s favorite subject (not)

 Picture of the day:

Today’s stuff:

Tax time, I can relax, ours?... done! We even got a refund, the first time in many years. Every year I

 remember an eye opening time. We were stationed in GITMO, my ‘Commander in Chief & President', was Mr. Richard Nixon.

It wasn’t a law, but sort of an expected rule, as president of the USA it was a practice to make his Tax return public. Our present president is an exception, he promised todo that, but later refused. Anyway, Sherry and I, lower-income enlisted folk, under Nixon’s command paid twice more in taxes than the President of the USA! He had paid a whopping $750.00 in federal Income tax. His salary was $100,000 a year, ours, less than $6,000. That blew my mind.

I am very sure he paid the right amount with deductions and loopholes, therefore the Commander-in-Chief of the Army still paid less tax than a Private in that Army.

In my opinion our tax system is NOT fair, but we still live in a GREAT country. I would like to see a straight 10% income tax on EVERYONE who ears over $50K. Maybe a Federal Sales tax of 15% on everything purchased, no exceptions or loopholes. Get rid of most of the IRS and all income tax. It would sure make it simpler for businesses that pay employees and forget withholding taxes.

With the 15% fed sales tax, when buying a car for $5000 we pay $750 tax. When the Billionaire buys a Yacht for $500,000, he pays $75,000 sales tax.

Yeah I dream a lot. I jump thru the hoops every year and fill out our tax forms. I am one cheap dude. One of my son’s pays $250 to have his done, the other  might do his own.

OF COURSE I do not KNOW, but I hear there are some Billionaires who pay zero in income taxes, because their income is in stocks/bonds etc and taxed different than me. Our tax system is employee driven, not investment.

My mind will no longer hold things together, so I get very lost in IRS language. I have read about 100 of the nearly 7,000 pages of the tax code. It actually goes to 75,000 pages when the explanations and directions are included.

I won’t even try to guess the # of presidents and congressmen who have read even 10% of that code. HOWEVER, I guarantee there are lawyers who have read enough to find the loopholes, as they say. They get paid good money to do that. LOL

Ok ,I have said too much, but get your taxes filed, pay what Uncle Sam says pay, so my SS check will arrive next month. Oh yes, and THANK YOU very much!

Nite Shipslog

PS: I didn’t bitch too much did I?

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