In this enclave of progressives, I thought i would like to get some feedback.
Taxes suck. They are a necessary evil but they are bad. I realize some level of taxation is necessary in a functioning society but the higher they get, the more damaging they are to that society. Look at Europe.
Using myself as an example: I am incorporated, I pay about $2600/month in Fed tax plus about $25K in quarterly Feds. Plus state. Thats a lot of money. What do I get for it? Its not clear to me.
Now I thought I was gonna have to cough up an additional $50K by 4/17 but I had some weird losses i could carry forward. So what did I do with this money I thought I had to pay in tax? I spent it on fun stuff that I wanted. I got to spend my money in my own way.
People can only do 3 things with their own money: Save it, which is good for the economy; invest it, which is good for the economy; spend it, which is good for the economy. Its all good.
Taxes are bad and i fear that we are heading for more taxation with the newer congress we have in place. And how many here were ensnared in the Alternative Minimum Tax?
Using this site as an example I believe MercurialBliss is an interior designer. I am gonna spend that extra 50K (plus lots more) getting some fun stuff done. If the money went to MB( actually someone like her in my town, if you lived here MB I would have spent it with you
) how is that bad? How many here would have a better financial outlook if people/customers had more money to spend?
I would love some input from people in high tax countries and their thoughts.