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Monday, April 25, 2005
P.G. Wodehouse on tax

TPA supporter John McNulty has spotted an excellent link to an article on Income Tax written by P.G. Wodehouse in Vanity Fair in 1919. Here's a taster:

"As I sit in my poverty-stricken home, looking at the place where the piano used to be before I had to sell it to pay my income-tax, I find myself in thoughtful mood. The first agony of the separation from my hard-earned, so to speak income, is over, and I can see that I was unjust in my original opinion of the United States Government. At first, I felt toward the U.S.G. as I would feel toward any perfect stranger who insinuated himself into my home and stood me on my head and went through my pockets. The only difference I could see between the U.S.G. and the ordinary practitioner in a black mask was that the latter occasionally left his victim carfare. Gosh! I was bitter."

To read more, visit Dianne Durante's website.

Posted by Matthew Elliott | Permanent Link

Thursday, April 14, 2005
59 Percent Believe They Pay More Tax than Donald Trump

The Tax Foundation in the US has released an interesting poll on the eve of the April 15 tax deadline. The survey shows that a majority of U.S. adults believe taxes are too high, they find the federal tax code complex, and they believe it should be reformed toward simplicity - even if it requires giving up some deductions and exemptions to do so. The survey also found some 59 percent of U.S. adults today believe they pay more federal income tax as a percentage of income than billionaire Donald Trump. Other key results include:

  • 68 percent said they favored a complete repeal of the federal estate tax.
  • 77 percent said the federal tax code needs a "complete overhaul" or major changes, compared to 18 percent who said it's fine as it is.
  • 81 percent believe the federal income tax is somewhat or very complex.
  • 66 percent rated the value received from the federal government as "poor" or "only fair."

The maximum percentage of anyone's income that should ever go to taxes is just 16 percent - far below the nation's estimated total tax burden of 29.1 in 2005. 59 percent of respondents said it was unfair that an estimated 44 million Americans file tax returns but pay no income tax after deductions and credits, and that everyone should be required to pay some minimum amount of tax to help fund government.