It’s been a long time since I’ve written anything in this space. Not because I had nothing to say. I just didn’t know where to start.
I still don’t, really. But today, I’ll start with taxes. We’ve heard a lot about them in recent weeks. Federal, state and local governments are strapped for cash. They’ve been slashing budgets with a vengeance. Liberal/progressive types think we could stand to raise some taxes -- especially on wealthier Americans, who, they say, are not paying anywhere near their fair share. Conservatives just want to cut.
As a taxpaying American, I wanted to find out where I stand in this equation. So I did a little exercise this week. I dug out all the paperwork I could find and added up the taxes my household paid in 2010. It came to 26.27% of our total pre-tax income. Just over a quarter of each dollar we made went to taxes.
