Thoughts on Personal Income Taxes

One of the huge news stories of the past week – now lost in the never-ending chaos of the presidential dumpster fire – was the analysis by the New York Times of more than 20 years of Der Furor’s tax returns. What that analysis showed came as no surprise to anyone who hasn’t been self-isolating in a cave in Outer Mongolia – that Der Furor pays virtually nothing in personal income taxes and has taken maximum advantage of a tax code written to provide protections and advantages to the very wealthy that are not available to the average taxpayer. Hell, we all knew that Der Furor is a failed businessman with questionable judgement and a string of bankruptcies, and that he has a history of stiffing his creditors ... but he (and people who should know better) aren’t worried. He says it makes him “smart,” and his followers ignore it because he’s sticking it to the libs and projecting the sort of tough image they wished they could project themselves.

I’ve written several times over the years about the unending horror that is our tax code, and I have nothing new to add other than the observation that we really, really need to get this gawd-awful mess fixed*. You can read my most recent suggestions on fixing the tax code (dating to September of 2016) here. Your own views are, as always, welcome ... leave a comment.

Have a good day. More thoughts coming.

Bilbo

* Don't worry ... it won't happen.