No Taxation Without Representation.

Internet sales tax is back! It will be the next big vote to go through Senate.  Kinda funny, right? (or is it just me that laughed out loud when I read the headlines) It appears to be another one of Washington’s bad idea, at a time when consumers and businesses are struggling to get by. *Cough *Cough, Obama care regulation. 

The proposed law would enable states to force businesses to collect sales tax from customers who live in their state—even when the businesses have no connection to that state. The S. 743 improperly named as the "Marketplace Fairness Act"  gives the power to states to force out of state businesses to serve as a tax collector, which overrules the U.S. Supreme court's 1992 decision in Quille Corporation v. North Dakota. 

Its as simple as this- True, states are struggling with budgeting.  True, They should be able to manage their budgets. False, They should not be able manage their debt by trying to collect taxes from citizens from other states. I'm sure those citizens are paying enough in tax in their own state, I know I am. 

I don’t see this no taxation without representation helping the economy locally or nationally. Sure, it would increase state tax collections percentage, maybe. Along with encouraging states to increase the size of their taxing powers, it also discourages free-market competition between states. 

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On This Day in 1985

"We can make ours the land of the future, offering unlimited opportunity to all Americans who dare to live for their dreams." - President Ronald Reagan, April 13, 1985

President Reagan said these words when addressing the nation on a radio broadcast regarding a plan that would completely overhaul American’s tax code. He gave great hope of changing it from a code of confusion, to a code that would model simplicity and fairness.

April 15th, a deadline that the average American forgets about, until it’s time to gather the old receipts and the pay-stubs, to delivered to the IRS. It can be a painful process, yet it is a legal obligation that we must complete.

This January many checked their pay-stub looking for what tax changes went into effect with the taxmegeddon put forth by our current administration. This included 13 tax hikes that hit every American. Former President Reagan described our tax code to be mirroring Washington itself, a complicated frustrating mystery. I would say that it still a true statement.

Reagan’s goal was to keep America a premier job-creating nation and that should still be our goal. Obama has said that his tax rates are the lowest in history, even lower then Reagan. Ha! We can see during Reagan administration there were two tax rates. We now have six tax rates, and our corporate tax rates are higher than most other nations. That is a big deal, this can hurt American competitiveness and job creation. Our pay-roll tax jumped from 4.2 percent to 6.2 percent this year. We have folks that are trying to earn money and get a job, to pay that so called "low tax rate" and they can't. Right now we are not competitive with the rest of the world. Americans are having a hard time keeping afloat. It is hard for me to see why people believed President Obama and President Reagan had the similar views on what taxes needed to be. 

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Maybe We Need Some Reaganomics..?

Reaganomics:

1. Reduce Government spending

2.Reduce income tax and capital gains tax

3. Reduce Government regulation of economy

4. Control money supply to reduce inflation

At my age, to many Americans tax is just a word, much like economy and economic is just a word. Many at my age don't even do their own taxes, or even pay attention to where the future of our economy is headed. They are still depending on their parents or their parents accountants to do it all for them. Thanks to my mom, Who had me do my own taxes, I began to do a little searching. A little search to try and find out what all this talk about taxes and economics is all about and what I should be wanting to see from my representative in Congress, Senate and Mr President while their in Washington. Well here is a little overview for those who have no clue as to what basic economics and taxes mean for our future as American citizens.

Government Spending, for all of you people who are living under a rock or in your parents basement, government spending is a big issue and you should be concerned. Our national debt is at a raising 15 trillion! Which means your children and grandchildren won't even know what its like to feel debt free. In this up-coming election we need to vote for someone who is going to take charge and make a step in the right direction, and cut government spending where we need it, not where we need it most! This is Reaganomics number 1. 

Taxes, lets just say that the current Internal Revenue Codes are a mess! (for those who don't know what IRC is there tax laws) As a American citizen we should be looking for tax cuts that will result in higher investment, lower unemployment and improve our economy as a whole. This is where Reaganomics 2 and 3 come into actions, Smaller Government would increase tax cuts. An effective tax reform such as that of one of flat tax could boost our nations wealth, by means of it increasing work, savings and investments. So start paying attention! What are the people you voted into office doing about cutting government spending? Are they supporting Obama's military cuts, and his wanting to raise taxes on the rich?!

Money supply...What money supply I ask?! Clearly we don't even have any money as Americans, if we repeatedly watch our government borrow from countries like China. Also let me inform if you haven't already heard a few months back we added Europe to the list along with the corporations that have been bailout by the US government! Now that the euro is collapsing where does that leave the US Federal Reserve?  We are printing money that has nothing to back it up! This leads to Reaganomics number 4. Ronald Reagan said himself  "Inflation is as violet as a mugger, as frightening as an armed robber and as deadly as a hit man."

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