Happy tax day everyone. This Tuesday many of us are sending a few hard-earned dollars to our Uncle Sam. He always appreciates the fact that we show our appreciation to him for all the fine work he’s doing. We know he treats our money as if it was still ours; there’s no waste, no entitlements, no reason not to trust him.
Well, not today, anyway.
For today, let’s look at something else our favorite Uncle likes to do. He likes to tell us how much he’s saving us when he does something. For instance, he might change the tax laws that penalize corporations for paying their executives more than a million dollars a year. I know it slows down my corporation. They keep trying to pay the head guy many millions, but he says, “wait! we don’t want too many taxes!”
So Uncle Sam changed the laws to tax companies paying out “too much” money. No discussion about how corporations figured out a way around this. They did. What Uncle Sam did next is the fun part. He took to the cameras and newsertainment outlets and told everyone that he’d just saved you and me billions of dollars. Wow. That’s a lot of dough!
But wait a minute. At the end of every sentence about that savings, he’d throw in this little tidbit under his breath; “over ten years.”
Really? Really? TEN YEARS?
So that Billion Dollars is not really a billion dollars, it’s a hundred million dollars. That’s like nothing! I can’t even buy a small country for that amount. Well, maybe a small country, but you know what I mean. So what’s the deal with the 10 years?
The politicians claim they always need a 10 year window because taxes take such a long time to accumulate and apply. Sure. I always wait 10 years before paying any particular tax – like my sales tax on chewing gum.
No, they put the 10 year number on there because it makes everything look BIGGER. They don’t mention that within two years these corporations will figure out another loophole to hide those billions (oops, almost did it myself! I mean, millions) of dollars.
Yet again, this is something new that our country never did before. And it’s something that our newsertainment people swallow hook, line, and sinker. It’s something that the rest of us don’t even notice. And it’s yet another little insight into how our nation is slowly becoming dumber and dumber.
So, this year, give them a taste of their own medicine. Send in only a tenth of your taxes, and let them know they can get the rest over a ten year period. I wonder how much of a sense of humor the IRS has?