What a Taxing Day and Life!
Personal_Finance / Taxes May 24, 2007 - 02:08 PMBy: Ty_Andros
I received this recently in an email and I realized the awful truth of it. Be sure to read all the way to the End! This is a public servants ode to the taxpayer:
Tax his land, Tax his bed, Tax the table, at which he's fed.
Tax his tractor, Tax his mule, teach him taxes, Are the rule.
Tax his cow, Tax his goat, Tax his pants, Tax his coat.
Tax his ties, Tax his shirt, Tax his work, Tax his dirt.
Tax his tobacco, Tax his drink, Tax him if he tries to think.
Tax his cigars, Tax his beers, if he cries, then Tax his tears.
Tax his car, Tax his gas, Find other ways to tax his ass.
Tax all he has then let him know. That you won't be done
Till he has no dough!
When he screams and hollers, Then tax him some more,
Tax him till he's good and sore.
Then tax his coffin, Tax his grave, Tax the sod in which he's laid.
Put these words upon his tomb, "Taxes drove me to my doom..."
When he's gone, Do not relax, its time to apply the inheritance tax.
Accounts Receivable Tax, Building Permit Tax, CDL license Tax, Cigarette Tax, Corporate Income Tax, Dog License Tax, Federal Income Tax, Federal Unemployment Tax (FUTA),Fishing License Tax, Food License Tax, Fuel permit tax, Federal Gasoline Taxes, State Gasoline Taxes, Hunting License Tax, Inheritance Tax, Interest expense, Inventory tax, IRS Interest Charges & IRS Penalties (tax on top of tax), Liquor Tax, Luxury Taxes, Marriage License Tax, Medicare Tax, Property Tax, Real Estate Tax, Service charge taxes, Social Security Tax, And tax on Social Security Benefits, Road usage taxes, Highway taxes, Sales Taxes, Personal Property Taxes, Use Taxes, Recreational Vehicle Tax, School Tax, State Income Tax, Unemployment Tax (SUTA), Telephone federal excise tax, Telephone federal universal service fee tax, Telephone federal, state and local surcharge taxes, Telephone minimum usage surcharge tax, Telephone recurring and non-recurring charges tax, Telephone state and local tax, Telephone usage charge tax, Utility Taxes, Vehicle License Registration Tax, Vehicle Sales Tax, Watercraft registration Tax, Well Permit Tax, Workers Compensation Tax.
And there are many, many more, there is no activity that is not taxed at least once, and in many cases on many levels. Most if not all of these are either not indexed to inflation, or they are indexed to the phony numbers which understate them by almost 2.5 to 3% as illustrated in the first Tedbit above. So that represents another tax increase as well.
Of course we pay these taxes to receive the benefits of big government and the belief that somehow we can have something for nothing by taking it from somebody else. And when even this revenue is not enough to fund the endless expansion of government spending and the belief in something for nothing, they print the rest of the money that is needed, FOR YOUR OWN GOOD!!!! LOL.
Not one of these taxes existed 100 years ago, and our nation was the most prosperous in the world. We had absolutely no national debt, had the Largest Middle class in the world and it was growing in leaps and bounds, and Mom stayed home to raise the kids. Only one income was needed to raise a family. What happened? Elites, Politicians and Ce ntral bankers discovered new uses for the printing press, and the bond markets, and as Paul Harvey likes to say “the rest is history”.
In conclusion , now we are really getting to know the price we are paying for those goodie bags we call pork barrel spending, plunge protection teams, entitlements and government services. But the goodie bags are an illusion. We pay for these programs ourselves by electing public servants who will print the money necessary to buy them for us: our currencies are devalued by the exact percentage of the amount money they print, with a lot of extra printing to provide the government the grease necessary to handle the process.
If we don't pay for them with our taxes, we pay for them in reduced purchasing power of the money we use, its a combination of both. These are investment themes, government and individual behavior is predictable, it signals fingers of instability (See Ted bits archives at www.TraderView.com ) as far as the eye can see. Rotating bubbles and crashes. I believe we are about to see a huge wave higher in all physical asset classes (anything that can't be printed, as dollars fly out of the banks seeking shelter and preservation of value). I am in the Richard Russell camp. Next week we are going to explore the total amount that government spends in the United States , as a percentage of GDP, versus the amount of taxes collected, on all levels of government combined. You will be astonished at the amount we pay, and it is comparable to France . NOW. And try to identify where the where the money comes from to pay the difference between receipts and outlays. We will also have a surprising thought on the dollar! And we are working on a broad look at the metals markets. We are also working on a piece on the “Crack up boom” unfolding globally. Don't miss them. If you enjoyed this edition of Ted bits, send it to a friend, check out the archives and subscribe, its free at www.TraderView.com . Thank you.
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By Ty Andros
TraderView
Copyright © 2007 Ty Andros
Tedbits is authored by Theodore "Ty" Andros , and is registered with TraderView, a registered CTA (Commodity Trading Advisor) and Global Asset Advisors (Introducing Broker). TraderView is a managed futures and alternative investment boutique. Mr. Andros began his commodity career in the early 1980's and became a managed futures specialist beginning in 1985. Mr. Andros duties include marketing, sales, and portfolio selection and monitoring, customer relations and all aspects required in building a successful managed futures and alternative investment brokerage service. Mr. Andros attended the University of San Di ego , and the University of Miami , majoring in Marketing, Economics and Business Administration. He began his career as a broker in 1983, and has worked his way to the creation of TraderView. Mr. Andros is active in Economic analysis and brings this information and analysis to his clients on a regular basis, creating investment portfolios designed to capture these unfolding opportunities as the emerge. Ty prides himself on his personal preparation for the markets as they unfold and his ability to take this information and build professionally managed portfolios. Developing a loyal clientele.
Disclaimer - This report may include information obtained from sources believed to be reliable and accurate as of the date of this publication, but no independent verification has been made to ensure its accuracy or completeness. Opinions expressed are subject to change without notice. This report is not a request to engage in any transaction involving the purchase or sale of futures contracts or options on futures. There is a substantial risk of loss associated with trading futures, foreign exchange, and options on futures. This letter is not intended as investment advice, and its use in any respect is entirely the responsibility of the user. Past performance is never a guarantee of future results.
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