[guest post by Dana]
It’s a bit late, but on the West Coast people are still frantically working on their taxes, hoping to beat the deadline.
The Republican National Committee chose Tax Day to announce it is suing the IRS for rebuffing Freedom of Information Act request for documents concerning the agency’s targeting of conservative groups.
“We’re filing this suit because the Obama administration has a responsibility to be transparent and accountable to the American people. The IRS has a legal obligation to answer our inquiry for these records,” said RNC Chairman Reince Priebus. “On Tax Day especially Americans deserve to know whether they can trust the agency to which they’re sending their taxes.
The IRS has delayed turning over the documents for 226 business days.
Also, see where your tax dollars went!
Major entitlements (Medicare, Medicaid, and Social Security) gobbled up 49 percent, while more federal benefits took another 20 percent. These additional “income security” benefits include federal employee retirement and disability, unemployment benefits, and welfare programs such as food and housing assistance. Obamacare spending didn’t really kick in until 2014, so that will show up in next year’s breakdown.
We are reminded how we got here:
Everything changed when the U.S economy crashed in 2008. Job losses and a drop in personal income led many more Americans to rely at least temporarily on government programs to make ends meet.
… But the worst is yet to come: The Congressional Budget Office projects that public debt will reach an economy-crushing 100 percent in less than one generation. Unlike the unpredicted drop in U.S. fiscal health brought about by the recent recession, this time, structural problems are driving the decline.
The federal budget is structured around entitlement programs—and they don’t leave room for much else. Here’s a sobering thought: “The federal government could cease all other operations, including its core constitutional duty to provide for the national defense, and would still end up in a fiscal hole within a generation.”
If you drive a car, I’ll tax the street,
If you try to sit, I’ll tax your seat.
If you get too cold I’ll tax the heat,
If you take a walk, I’ll tax your feet.
Now my advice for those who die
Declare the pennies on your eyes
‘Cause I’m the taxman, yeah, I’m the taxman
And you’re working for no one but me.