Business and Finance site

The Tax Man Cometh

It appears the bankster bailout of last year wasn’t enough to fill the coffers of the to big to fail banks. The Economic Recovery Advisory Board lead by Paul Volcker in an amazing statement actually supports a VAT (value added tax) to help fight the growing colossal debt problem in this country. He also supports new carbon taxes to be paid to off-shore banks.

With the US starting to wake up from the slumber they have been in, there is a growing number of opposition to these new tax schemes. All the “so called” conservatives of this country like Glenn Beck & Bill O’Reilly have also embraced this VAT. Mr. O’ Reilly went as far as saying the American People should pay this 2-3% VAT across the board. My dad always preached that true conservatives strive for smaller government and less taxes? The question we all should be asking at this critical time is why? and who will be getting this huge proposed tax revenue?

As taxpayers of this country unite in opposition to this tax assault on the people, why do we once again have to be levied with this tax burden once again. It is abundantly clear that Washington DC has been on an enormous spending spree the past 10+ years. They spend ridiculous amounts of money on these endless wars, who exactly are we actually bombing now a days? Congress passes giant pork laden bills onto the American People. Healthcare spending is out of control and the new health bill does nothing to curtail that fact instead it will swell the red ink further. The Homeland Security department uses its blank check for exactly what? If they were so concerned with securing this proud land, why are the borders wide open as Yellowstone Park?

I can go on and on, but one glaring fact remains in my mind. The tax paying American People should not be dealt yet another Tax-Blow!… Read article.

A legitimate way to push back from these taxes is by working from home. If these taxes do pass, just think of the savings you will have at the gas pump? You can potentially get rid of that second gas guzzling car with a home-based business as well. So, if these crippling taxes do come knocking at your door there is a way to fight back.

The coming tax burden that our leaders want to impose on us will undoubtably affect our way of life, but making a few smart moves could help a lot.