I don’t rant often. I make a concerted effort to keep my blog light-hearted. Please bear with me while I digress a bit off of my usual topics. Yes, the calendar says July and not April. But what soon happens in Washington D.C. could very much affect how much of your hard-earned money is turned over to the Federal government every April.
There are many talking heads on the news and in the current ruling political party that refer to the “Bush tax cuts” as some kind of evil legislation that only benefits “rich” people. Quite simply, they are either lying or badly misinformed. And, these talking heads play the tried-and-true envy card to sway the public’s emotions.
Please don’t be fooled and get caught up in the spin and rhetoric. Think with your head and your wallet. Check it out for yourself and see how expiration of the 2001 and 2003 tax cuts will affect you and your family. Here is a nifty calculator: http://www.mytaxburden.org/
You may very well discover that you are one of the “rich” folks who will be paying more. Welcome to the club. I hope that you can figure out where to carve this extra money out of your household budget to send to Washington. Or better yet, I hope that you contact your Congressional representative and Senators and demand that they make those Federal income tax cuts permanent.
Thanks for listening. I’m stepping down from my soapbox now…