Nobody likes taxes. I don't, you don't, that random person in the supermarket doesn't. Taxes are evil.
But taxes allow society to function. They allow us to take care of each other. Taxes are collected to fund programs, to build and maintain infrastructure, to provide goods and services, and overall give back to the whole by taking a little from each individual part. Social Security is paid via taxes, Medicare is paid via taxes, roads and bridges are paid via taxes, police officers are paid via taxes, fire fighters are paid via taxes, our military is funded via taxes, public transportation, social workers, judges, school teachers, and more are all possible (for the most part) because of taxes at the local, state, and federal government levels. All of these things are paid for to the benefit of society by collecting money from everyone.
What I'm sharing today are my thoughts on tax reforms. The current system we have has issues- many issues, more than I'm even aware of. It taxes corporations at uncompetitive global rates, places a burden on the middle class, hinders startups and small businesses, and contains enough rules that allow the wealthy opportunity to not pay their fair share. I seek to combat this. Not with raising taxes on the rich and corporations, but by changing the rules to benefit and favor the middle class. Income inequality in my opinion is more about lack of mobility and lack of wage increases than it is rich people being rich. Thus we need programs and incentives to grow out the middle class, incentives to keep businesses from engaging in inversions, and to allow the average American opportunity to really save- tax free.
Read more about my thoughts in the Taxes section.
Or if you want, read my thoughts on Entitlement which plays into who gets taxed and how much.
Or if you want to skip straight to the Tax Reforms, feel free to do that too.
Photo courtesy of www.seniorliving.org.