More Transparency In Taxation, Please

by Frank Mazur

Tax filers (YOU) owe $135,000 because of the federal $20T debt, and that increases yearly with government overspending.  Taxpayers are oblivious to this shortfall and the payroll withholding tax further shields them from having any say in Congressional budgets.

There were 148.6M income tax returns filed in 2014.  Thirty-five percent had no taxable income and/or paid no taxes.  The remaining filers paid $1.35T in income taxes, an average of $14,040 a year.

If Congress unbundled or eliminated payroll taxes and sent a monthly bill to each tax filer, the average monthly tax bill would be $1,170.  Since Congress averages at least a $500B deficit each year the tax filer would get an additional $5,181 tax bill at the end of the year to balance the budget.

Unbundling would alert taxpayers to Congressional spending priorities and highlight why deficits are growing.  The tax bill would empower taxpayers to either accept Washington priorities or force Congress to focus on what citizens want via the ballot box.  Politicians would be more accountable.

Entitlements and interest will soon comprise about 80 percent of the budget.  Taxpayer’s would be able to scrutinize their cost and judge whether Progressive agenda’s like Bernie Sanders’ promoting free college, nationalized health care, subsidized heat, transportation, housing and food stamps are affordable and justified.

Today’s system provides politicians with a spending focus to appease constituents’ wants.  Taxpayers haven’t a clue how Congressional spending affects their pocket books. Unbundling would allow taxpayers to say “you’re spending too much.  We’re cutting your budget.”

Frank Mazur is a former Representative from South Burlington, and a former member of the EAI board of directors. 

{ 1 comment… read it below or add one }

William Hays August 5, 2017 at 4:54 am

Well, Bernie (and the other two Stooges) could afford it. $19,221 ain’t much, compared with Al Gore’s electricity bills.

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