The overriding operative standard in most financial decisions
is their tax implications. While most people will deny this parameter, the effective net result is that an unconscious disconnect
from strictly economic factors, permeates business judgments. The most basic rules for assessing the specific merits and beneficial
reward for a transaction is violated by the ultimate silent partner - the taxman. This is reality, wearing its most unpleasant
No one can escape the tax codes. Moreover, the pretenses
for their administrative function and influence is continually disavow from official acknowledgment. The facts of life can
never be admitted by the bureaucratic. Taxes exist not for collective revenue, but for controlling behavior.
Who pays taxes? Only those who are engaged in some aspect
of commerce, have regular sessions with tax accountants and qualify for business deductions understand the nature of the game.
Those who work for wages only see taxes as a deduction from a paycheck. Those who don't work, only complain about sales or
property taxes. Those who live on the street, could not be bothered with a 1040.
Analyze the pecking order. The more financially successful
one becomes the greater the likelihood is that tax laws and their endless confusion in interpretation, dominate your waking
hours. Forget about just making pure profit, the question becomes can you afford the extra income? Pass on the absurdly low
interest rate on that new car; pay cash, after taking out a deductible home equity loan.
Maybe a list of conduct to beat the system might help!
1) Never take a paycheck that involves withholding taxes.
2) Never take income today when it can be deferred into the
3) Never pay cash when you can negotiate a deductible interest
4) Never purchase equities that pay an income dividend.
5) Never loan money to a bank that will earn taxable interest.
6) Always opt for your own business so you can withhold taxes
from your employees and have the privilege of playing a government tax collector.
7) Always load up on all the debt you can find that qualifies
as a deduction.
8) Always pay your bills as late as possible so you can pay
your quarterly tax estimates.
9) Always be as creative as possible with inventing right-offs,
investing in tax loses and uncovering those few remaining tax shelters.
10) Always be prepared to file for bankruptcy at any sign
of falling short of paying your taxes.
This is the drill for the modern day businessman. Hired help,
move to the back of the bus. Your only relief is an IRA or a 401 (k) or those magnificent saving plans for your kids college.
Now isn't that great? If you are lucky enough to aspire to
upgrade to a larger house, will you be able to afford that steep property tax increase on the inflated value you will need
to pay for that dream? Maybe the mortgage rate is low enough, but now you must add in the escrow. Staying where you are, may
start to look better.
But you say the government needs to raise the revenue to
pay for all those social services that are so necessary. Well, do they? Is it really necessary to collect taxes to pay for
public expenditures? If that fantasy axiom was really true, there would be no need for civic borrowing that only future generations
will be forced to endure. Today's taxpayer is already tapped, so those wonderful intentions for the "children" will have them
stepping up to the plate . . . and place them on a diet . . . for the rest of their lives.
Tax codes are the best of all possible worlds. In the grand
scramble to get an edge, the lobbyists stroke the legislature to get their little favorable treatment. The inside fix allows
for real returns, when none existed before. Now that's the way to dance with the tax revenue office! As long as your government
is wedded to the Keynesian clan, deficits and disappearing purchasing value from all those taxes won't matter. If the State
gets into a temporary bind, they can always raise the rates, discover a few new user fees and reduce any remaining deductions.
We all know that the size of government can't afford to downsize.
Since so many living wage jobs have disappeared, expanding the safety net is more important than ever. Don't forget that the
tide of government prosperity will rise your boat too. Just tax the rich for obeying those ten tax commandments. They didn't
play fair. They never cared about you! And they are greedy. Paying taxes is your duty, don't complain, when doing your civic
charge. Suck it up, so what if you have to work a few more years; your government needs the help.
How many compassionate politicians sing that tune and sucker
the regimented jerks that accept and pay to support such a fraudulent tax system? When was the last time any mainstream 'poll'
addressed the totality of the tax insanity? Until the tax code is removed as a factor in business decisions, the transfer
of wealth from productive to the dependent will continue. Government produces nothing of wealth and value. The State never
produced prosperity. Decreed government fiat cannot deliver affluence. It only takes and re-distributors, with skimming off
the lion share off the top. How long can the fundamentals be masked and insolvency delayed? For you not long, for them - forever
- as long as you play along . . . by the rules of their sham.