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Posts Tagged ‘taxes’

Why Not a Better Tax System?

I am completely confused as to why we need such a complex tax code in the USA.  It amazes me that people in charge who consider themselves great patriarchs of the people even allow such a thing.  The only real explanation is that it is benefiting them and they really don’t want to change something that is benefiting them.  Since the majority of the country’s leaders are in the upper class, monetary wise, it must be that the tax codes are in favor of the wealthy.  This sounds like a “duh” statement, but it is one that is blatantly ignored by most and I am confused as to why.  In reality how much can our leaders be “for the people” if they allow such stupidity?  Why is there such hesitancy in moving toward a simpler tax system?  Is it because the complex tax system creates Read more »

Tax Rebate 2008

I am very confused about how this $600 (which is really $300-$600) tax rebate given by President Bush and Congress will do anything but put the country in more debt?  I highly doubt that little amount of money per person will put a dent in this struggling economy.  Many people will spend the rebate to pay down debt, and not to buy products.  I am still unclear if we will have to declare it on our 2008 taxes?  I continue to hear that we may have to.  There seems to be some confusion in that area among the populace. Read more »