NEWSMAX: Taxes will slowly but steadily climb over the next 25 years to levels beyond historical averages, affecting Americans at every income level, the Congressional Budget Office warns in a startling new report…
“Even if no changes in tax law were enacted in the future, the effects of the tax system that would be in place would differ in significant ways from the effects of the tax system today,” the CBO says in its report…
In practical terms, Politico notes, the value of the mortgage interest deduction will be cut by nearly half, many more Americans will owe taxes on their Social Security benefits, and Obamacare taxes aimed at the well-to-do will begin hitting a lot more taxpayers… (more)
EDITOR: If we were to truly reform health care, there would be no need for more taxes. The big change would be a Value Added Tax to pay for universal health care, but overall the load on the tax payers would be reduced considerably. That is because we currently waste 8% of Gross National Product on our underperforming and outrageously inefficient method of providing health care.
It would also help to avoid senseless and cruel wars.
Exactly.
KZ