Jonathan Hoenig - Why Our Tax System Stinks
I suppose you should be grateful, not grumble, as you prepare to send a check to Uncle Sam by April 15 this year (that’s Thursday, by the way). Regardless if it’s the elimination of the Bush tax cuts or new taxes on carbon or health care, your taxes will rise in the coming years even if the economy improves.
It’s a trend that actually started over a year ago when the president increased the federal tobacco tax on a pack of cigarettes by 62 cents to $1.01 (the largest bump in history), breaking a bedrock campaign promise that anyone making under $250,000 “will not see any of your taxes increase one single dime." The “tanning tax,” a 10% charge included as part of the health-care bill that will start being collected on July 1, also directly violates that pledge.