Brew 102
When I was a kid growing up in Los Angeles County back in the 1950s
there was a popular beer called Brew102. According to their
advertising they tried 101 brews until they finally got it right. Brew
102. BTW, I never had any. I don't drink beer.
This year the personal income tax is 102 years old. It was enacted by
Constitutional Amendment in 1913, one hundred and two years ago.
And they still don't have it right. They had to do it by Constitutional Amendment because the Supreme court had already ruled that a personal income tax was illegal. Those were the days my friends.
Several of the Republican presidential contenders have proposed
changes to our tax system. They range from complete abolishment to
a more temperate flat tax.
I'm not sure where I fall on this question, but one thing is for sure,
something's gotta give.
As usual, I put off doing my taxes until the last possible moment, but
now I'm done. All signed, sealed, and delivered (thanks to efile).
I don't know how many pages my return is because I didn't print it out.
But with the schedules it had to be a lot. Think about that. A lot of
pages TIMES millions of taxpayers. Who is going to read all those
pages? Probably no one.
If that seems like a waste of time and money, join the club.
I think everybody agrees that we need to change the system. The
disagreement is what kind of change.
I'm really looking forward to the next presidential election campaign. I
think that the "Discussion" about out tax system is going to be very
interesting.
As for a real change, I'm not holding my breath.
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