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February 13, 2013

Tax rate hike not the answer for economy

Looking at our tax problem from a really, really broad perspective, what is wrong with this thought: The source of all tax revenue comes from our economy.

Therefore, if you do business within our economy, there is no way to avoid paying taxes, even if you do not pay directly.

We are free to choose whether to do business with Home Depot, Lowe’s, or that new building supply company in Walton. We are free to choose whether to buy our groceries at Price Chopper, Walmart or Big M.

I like that. Whether I write a check to the IRS or not, I know who in our economy pays taxes, and that is everybody.

I really believe that it is possible to bail ourselves out of the pickle we are in by educating people about how our tax system is supposed to work: and then fix it by recognizing taxes are the “penalty” you pay for doing profitable business. Profit is the only way to stay in business without a bailout.

If we are to keep businesses profitable, they have to rely on consumers for their tax money. I believe the last thing we should do at this time is to raise the tax rate. It seems much could be done to level the “playing field” and to avoid slowing our economy even more, as a tax rate hike is bound to do.

Donald B. Martin


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