Thursday, March 15, 2007

Taxes

Okay... doing taxes is just nonsense. I bought the 'Pay Zero Taxes' book last year and the author, a tax attorney, says that Tax law in this country is so complicated that even Tax Attorneys are baffled. Moreover, has anyone noticed the income caps? They were set, or so I am told, in the 1960's and have not been updated since. The reason? Because keeping the caps where they are allows the US government to micky with budget numbers. The numbers they offer for public concern are all fantasy but since no one seems interested in holding them to account, they are allowed to continue their myth making. The problem is, what qualified as 'wealthy' in 1960 is not so in 2007. Indeed, my husband and I were stunned when we realized that what we thought was a really decent income was, in fact, considered on the lower side of the middle class income rate! Still because of the way the tax system is structured, we are taxed as if we were wealthy while the value of our money means that we are not. There has to be something we can do about this situation, surely?

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