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Let's Talk Taxes
Author: TriSec    Date: 03/20/2010 12:32:57

Good Morning!

In a couple of hours, Mrs. TriSec and I will be carting a dumptruck full of papers to our local tax preparer for the necessary evil of living in these United States.

It's sure going to be an interesting one...between all the jobs I had last year, unemployment, cashing in some stock options, and raiding our IRA to stay afloat. I'm hoping we'll break even...I'd sure hate to owe even more money we don't have.

You and I and the whole world knows that the filing deadline is April 15...but what about Tax Freedom Day?

Every year, the Tax Foundation publishes a "tax freedom day" report. This is the day that all of your taxes for the year are paid to Uncle Sam, and everything you make after that technically belongs to you.

Last year, that date was April 13. Curiously, they have yet to publish this year's date...although the report notes that it's in a state of flux, depending on how the economic recovery goes. Turns out that things like the bailouts, ARRA, and stimulus funds do indeed have an impact on how much tax we all owe.

Republicans have made a large amount of hay over the past year by decrying how expensive health care reform would be for us all. In doing the preliminaries this year, I found that we paid almost $5,000 for COBRA coverage. And that's only because we were on two rounds of ARRA subsidies. I shudder to think how much more it would have been out of pocket. (by my guess, somewhere over $8,000 if I paid for it all.)

CBO says that healthcare reform would cost $940 billion over the next ten years. But seeing that we're just past an anniversary, let's see how the Republican's baby has done over the past seven years. We find this morning's cost of war passing through:

$973, 358, 750, 000 . 00

At the current population of these United States, that's $3,051.01 per person. Not per working person, or taxable person, that's per every man, woman, and child alive in the United States at the moment you read this.

Funny that we can afford to kill people, but we can't afford to keep people alive, isn't it?

5 comments (Latest Comment: 03/20/2010 23:51:27 by Will in Chicago)
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Comment by BobR on 03/20/2010 22:52:32
Great minds think alike!

Comment by livingonli on 03/20/2010 23:25:37
Ain't that the truth. Took advantage of my first day of vacation by going out and enjoying the 70 degree weather that we had today.

Comment by Raine on 03/20/2010 23:39:08
7 pm and I am first?

Excellent point, Tri.

In the meantime those that are fighting reform have spit upon represenatatives, threw rocks thru windows -- and called Barney Frank a F*ggot and John Lewis a N*gger.

Disgusting , no?

Comment by Raine on 03/20/2010 23:40:28
OK == FAR from first.

No biggy. We are headed out tonite. Enjoy the vacay Liv.

Comment by Will in Chicago on 03/20/2010 23:51:27
Great post, TriSec!

Sorry that I have been silent this past week. I have been busy -- subbing a lot.

I will try to be around more.