Now We Know How Much the Tax Bill Really Cost
13th January 2019
‘Cost’, of course, assumes that the money you make belongs to the government, which then graciously allows you to keep part of it. From that perspective, then, a tax cut is a ‘cost’ to the government.
Of course, when YOUR ‘costs’ exceed your income, you have to either find new income or reduce your spending. The government never reduces spending — perish the thought! — so it has to find new sources of income. Since the only sources of income available to the government are the monies it takes from YOU, well….