Wizard of Id (9/9/10)

Nobody likes to pay taxes. Income taxes are a drag because they cheat us out of our full paychecks. Payroll taxes are frustrating because they benefit current retirees. Property taxes are onerous because they increase the cost of home ownership. Capital gains taxes are off-putting because they make investment less lucrative. Sales taxes are meddlesome because they jack up the price of consumer goods. Here’s the thing, though. Taxes are necessary. They pay for police officers, pothole repairs, and pensions. Thanks to the recession, governments have been collecting fewer dollars from taxes. Which means the rates are sure to go up. In the very near future. At all levels of government. Either that, or we’ll learn to live with half-empty police stations, partially paved streets, and poverty-stricken pensioners.


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