Tax Question, Part One
I) Why diminish the tax exemption for giving to charities? Don’t you tax things you DON”T want? Seems like its going to result in less giving if its more expensive to do so. Who is helped by this besides the Guvamint?
II) Why raise taxes on businesses ever? Other than a sinister diversion from the fact that businesses pass taxes to the consumer (therefore its just another tax on the citizenry). Businesses also pay the paychecks of everyone not working in the Guvamint, so reducing goods produced/sold by raising prices via taxation leads to less workforce volume. Less workforce volume = Jobs lost, by the way.
III) Why raise the capital gains tax? Not only does it make less money when raised, but over half this nation owns stakes in the stock market or some entity that produces capital gains. 401ks, IRAs, money markets, etc. all will suffer under this, and it won’t simply be the evil top 2% of the nation. What is the idea here?
Extra Credit: Explain how lowering charitable giving, injuring businesses by raising prices, and discouraging financial investment represent either change you can believe in or any sound financial plan. Use complete, succinct sentences. Additional scratch paper available at the front of the class.
