Tuesday, July 01, 2008

Income Tax changes

Income Tax changes - 2008-07-01 14:27

Federal Income Tax Proposal

Recommended changes:

Change nothing but the following:

1.   All taxes are to be paid in person with cash – no checks, credit cards – cash.
1.     No Federal withholding of taxes, or employer quarterly payments.
2.     Taxes due 5 days before scheduled November elections.
3.     Computerized email of budget sent to all taxpayers1 month before the taxes are due – every item will need the name of who authorized the expenditure labeled.
4.     Withholding for Medicare-- both employee and employer contributions are also due at this time.

That should do it.

As you can see, it will require no changes to the taxes we pay – just a little accountability for spending and awareness of what we are paying to get.

An interesting link that sums up our economic future -- very cold, but I think this is right.

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