Showing posts with label Taxes. Show all posts
Showing posts with label Taxes. Show all posts

Tuesday, March 22, 2011

Simple Math in Balancing the Budget

During this tax season, my family of five was returned nearly $700.  Instead, in order to address the state deficit, we should have been asked to contribute our fair share (consider that a union term) and should have received $550.

Problem solved.

According to the Wisconsin Taxpayers Alliance:

"Wisconsin has taken a first step on the way to enacting a new state budget for 2011-13. Preliminary revenue forecasts and agency spending requests were released recently, yielding deficit estimates of $1.5 billion."

According to this same politically conservative group:

"The total amount of state income tax refunds paid has hit all-time highs in each of the last nine years, including a record $1.86 billion paid to Wisconsin filers during 2009."
 
Simple enough solution:  Deny tax returns for one year.

Could it really be that easy?  Yes!

Everyone would contribute - those screaming for a balanced budget.
Everyone would contribute - those demanding fiscal responsibility.
Everyone would contribute - those expecting more equity and fairness from their government.