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11.16 Scotland was first Industrialized Country to Run wholly on Wind in October

11.16 How pesticide bans can prevent tens of thousands of suicides a year [how many thousands more die early from eating pesticide-laced food?]

11.15  The long read:  The plastic backlash: what's behind our sudden rage – and will it make a difference? [the world wants to throw-up...]

11.15 Claws out: crab fishermen sue 30 oil firms over climate change [workers are waking-up...]

11.15 Trump administration to cut air pollution from heavy-duty trucks

11.14 Backed by Ocasio-Cortez, Youth Climate Activists Arrested in Pelosi's Office Demanding Democrats Embrace 'Green New Deal'

11.13 What would a smog-free city look like?

11.13 Global report highlights Australia’s renewables potential amid mixed signals for coal

11.13 Interior department whistleblower: Ryan Zinke hollowed out the agency

11.12  This Land is Your Land:  The Zinke effect: how the US interior department became a tool of industry [behaving ignorantly again...]

11.12 Planned Parenthood's new president warns of 'state of emergency' for women's health

11.11 Trump responds to worst fires in California’s history by threatening to withhold federal aid [behaving ignorantly again...]

11.11 Interior department sued for ‘secretive process’ in at-risk species assessment [behaving ignorantly again...]

11.11 Keystone XL pipeline: judge rules government 'jumped the gun' and orders halt [behaving ignorantly again...]

News Media Matters

Daily: FAIR Blog
The Daily Howler

US Politics, Policy & 'Culture'

11.16 As 'Green New Deal' Demand Grows, Democrats Have Choice: Confront and Defeat Fossil Fuel Industry or Take Credit for 'Doomed' Planet [Two choices: Save life-on-Earth or help Republicans let it die?]

11.16 Trump’s latest interview shows a president who’s in way over his head

11.16 Why the political fight in Georgia is far from over

11.16 Florida judge sides with Democrats, giving thousands a second chance to fix their ballots

11.15 Democrats Won Big. Can They Go Bold, Too? [it's about suppressing the influence and leadership by Republican-like Democrats who counsel 'íncremental' (no) change, such as Nancy Pelosi, Steny Hoyer, Hillary Clinton, Chuck Shumer and Joe Biden]

11.15 Pentagon Officials Forced to Make Fewer Public Appearances to Avoid Provoking Trump [...by revealing Trump's huuuge ignorance]

11.15 REPUBLICANS USED A BILL ABOUT WOLVES TO AVOID A VOTE ON YEMEN WAR [if there are 'defense industry' profits to be made—including congress-critter insider-trading—and political 'donations' to be had, we mustn't stop killing innocent civilians!]

11.15 Big Oil v the planet is the fight of our lives. Democrats must choose a side

11.14 The Real Florida Recount Fraud

11.14 Telling NRA #ThisIsOurLane, Doctors' Photos Show Blood-Soaked Reality of America's Gun Madness

11.14 At Freshman Orientation, Young and Growing Progressive Caucus Makes Clear It Will 'Fight Like Hell' for Bold Democratic Agenda

Justice Matters
High Crimes?

11.14 The Guardian view on Yemen’s misery: the west is complicit [WAR CRIMES]

Economics, Crony Capitalism

11.16 Amazon’s HQ2 Will Get a Tax Break Designed to Help the Poor [a Republican program that directly helps participating wealthy companies—but only helps workers if and when 'trickle-down' occurs.]

11.16 Trump doesn’t want to punish Saudi Arabia over Khashoggi. His new sanctions prove it. [George W. Bush made a similar immoral decision for the same oily reasons after 9-11, protecting Saudi defense contracts while facilitating the slaughter of poorer Arab "terrorists" in the region.]

11.15 The Earth is in a death spiral. It will take radical action to save us [fossil fuel burning, un-recyclable plastic production/use and methane gas release must cease ASAP.]

11.14 Brexit: May tells her cabinet, this is the deal – now back me

International & Futurism

11.15 Cuba to pull doctors out of Brazil after President-elect Bolsonaro comments [terms must be negotiated for fairness to Cuba's health professionals without disruption of healthcare for Brazil's poor]

11.14 'Appalling' Khashoggi audio shocked Saudi intelligence – Erdogan [Exposing a psychopath?]

11.14 Israel and Hamas launch hundreds of attacks in Gaza clash

11.14 Mueller seeking more details on Nigel Farage, key Russia inquiry target says

11.13 Austin's Fix for Homelessness: Tiny Houses, and Lots of Neighbors

11.13 Portugal Dared to Cast Aside Austerity. It’s Having a Major Revival.

11.13 Caravan marks one month on the road: ‘We keep on going, laughing or crying’

11.13 Letter Shows Einstein’s Prescient Concerns About ‘Dark Times’ in Germany

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  Thinking About Taxes

ANALYSIS OF A KIND:

Thinking About Taxes

by Fred Cederholm
We taxpayers worked 99 days in 2009 to pay our various taxes—not so onerous a tax burden as in some other countries, but that figure doesn't include deficit spending and off-budget items.

I’ve been thinking about taxes. Actually I’ve been thinking about “rendering onto Caesar,” Tax Freedom Day, Uncle $ugar’s manipulations, the national debt, and taxes world wide. The Ides of April, April 15 that is, hits us on Thursday this year. For individuals, the annual Federal and applicable State Income Tax returns are due to be filed. For Corporations, their day of reckoning was the Ides of March, the anniversary of the assassination of Julius Caesar—not that there is any connection between these two events. Still... it provides any interesting metaphor.

You see, I find it almost impossible to think of anything we do, buy, or sell which doesn’t involve paying something to the government. There are income taxes (on salaries, wages, and tips), Social Security taxes, unemployment taxes, Workman’s Compensation disability taxes, investment taxes, sales taxes, extraction taxes, (professional) services-provided taxes, garbage disposal tipping fees, real estate taxes, gaming taxes, energy taxes (on gas, oil, diesel, and kerosene), utility taxes (on electricity and phone services), dog taxes, tobacco and alcohol taxes, and estate taxes. President Obama got a pass on last year’s Nobel Peace Prize of a million-plus dollars because such “honoraria” are exempt. Like I said, I am hard-pressed to come up with anything we do whereby some Federal, State, County, city, village, hamlet, library, park district, etc. doesn’t have their hand out for a piece of the action.

Every year the Tax Foundation in Washington DC calculates on what day we can actually begin to keep what we earn. The date changes somewhat each year, and this “average” year’s (actually for the 2009 tax year) Tax Freedom Day came on April 9. The specific date per state is available at their website. The current Freedom Day comes a day later than 2008 and two weeks earlier than the 2007 average date. The 2009 tolling requires 99 days of income to meet the average obligations on all the taxes and levies we pay each year. This equates to roughly 27% of all our income going for taxes.

Of the 99 days for the 2009 total... 32 days is for individual Federal and State income taxes, 25 days goes for Social Insurance taxes, 15 days for sales and excise taxes, 12 days for property taxes, 8 days for corporate income taxes, and 6.5 days for other miscellaneous levies. The 27% composite for 2009 may not sound like an ungodly amount given what the rest of the world pays their respective governments, but Uncle $ugar and the States don’t make “the whole enchilada” of their finances readily available in the model used for the Tax Freedom Day.

For example, any deficit financing (as in borrowing by the various governmental entities) is not included in the 99-day figure. Off-budget items to be paid at a later date are not included. The recently passed “universal” health care costs are not reflected in he 2009 numbers. Neither are the hundred plus billion in Social Security surpluses raided to help fund current deficits this year. (Actually, the raided amounts are included in the individuals’ total, but they are going to have to be paid again by the taxpayers when the annual payouts for the pensions exceed revenues in the near future--in 2018).

The Government already owes itself for roughly $4.5 trillion of the $12+ trillion in outstanding National Debt. Next year’s deficit alone is now believed to exceed another $1.6 trillion. Such huge negative numbers are projected to continue thru 2020 (and beyond). When the outstanding future debts are tendered for payment, we may well see an elimination of virtually all government programs, a default on the debt, a massive printing of additional currency, and or a significant increase in taxes. The outstanding debt is already approaching a full year’s gross domestic product/GDP (the value of ALL goods and services produced/consumed in the entire nation for a full year). If tax revenues continue at current levels, Uncle $ugar will (within ten years) use up all its tax revenue income for outstanding interest on the debt, defense (not including any wartime expenditures), Social Security, and Medicare. There will be NO money for the recently passed universal health care program being hawked to US/ us. But... they are not presently telling us that little factoid, now are they?

In Connecticut 117 days are spent working to pay the taxes, in New Jersey it is 115 days, New York 113 days, Maryland 109 days, Washington 105 days, California 104 days, and Illinois 101 days. Remember the 2009 “average” tax burden rate for the USA is about 27%. In Sweden it is 57%, Norway is 56.7%, Israel is 53.8%, France is 53.6%, and Germany is 51.7%.

I wish you all a happy April 15 filing date—and I am so glad we are not going to get all the government we are paying for. (AHEM!!!)

I’m Fred Cederholm and I’ve been thinking. You should be thinking, too.


Copyright 2009 Questions, Inc. All rights reserved. Fred Cederholm is a CPA/CFE, a forensic accountant, and writer. He is a graduate of the University of Illinois (B.A., M.A. and M.A.S.). He can be reached at asklet@rochelle.net.

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This story was published on April 12, 2010.

 

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