Hey
@Cameron143
So! You don't think I'm sitting around fretting about leaving my heirs something... do you? I raised my son to be a self-sufficient hard working husband and father. I raised him with a deep and abiding faith in the God who created all that is in 6 days. I sent him off to college and he now works for the major phone producer and makes a comfortable living. I taught my son to not let money overtake what is important in life. He has two wonderful sons and is happily married with a still strong faith life. We talk about the things of God on many, many occasions.
He pays his fair share to the operation of the government and doesn't bemoan all the various ways that the government decides to extract taxes. In that regard, we are no different than the Roman and Greek of Jesus' day. As long as everyone is taxed fairly, I try not to get too excited about it. But honestly, they're just trying to figure out a way to get taxes out of me. I haven't had a federal tax obligation for about the last 10 years. About half of my income comes from stock sales and about half of that is cost basis. Might this new change that 'might' happen in the tax codes effect me? I don't know, but I'm sure it won't be much. It might raise my taxable income a couple of thousand dollars. And thus my tax bill a couple of hundred. I'm ok with that, but my concern is what new taxes pay for.
But taxes are just a game that all governments play to get money. The GOP last president gave us some tax cuts... but the debt went up. It does concern me how fast and how high our public debt is. I'd like to see some real work to pay down say, half a trillion over the next two years and even more as we continue over the years. So, I'm for voting for representatives, you know, the people that actually make the laws and control the purse strings, to begin to lower our debt. If this means some higher taxes? I'm amenable to that, if the debt goes down. If our Representatives continue to spend money, then they'll just spend any extra tax revenue on more stuff. Great for the economy for the short haul, but it does concern me what may actually happen when we're paying more debt interest than we're taking in in tax revenues. LOL!
That's a real possibility at some point. Sadly, none of this will get done without higher taxes. I mean, as I see it, that's just the reality of what will likely happen as we deal with our national debt. We'll see.
God bless,
Ted