Taxes and the Deficit: We MUST Return to the Fundamentals of our Consti

The United States of America is not leading into the direction our country was meant to lead. Our Forefathers that came before us and settled in the United Sates, fled here to be free from tyranny. They were escaping from Great Britain’s strict control and harsh taxation. After settling in America the Constitution was drafted to â€Å"form a perfect Union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the Blessings of Liberty to ourselves and our Posterity (Preamble to the United States Constitution).† After reading the preamble, I reread, and wondered how can the US be in the situation were in, if that is what our country ‘was’ built on? What direction is our country headed in, how is taxation hurting or benefiting us, and what can we do to better ours and our children’s future? The direction that our country is taking is far from the direction that Thomas Jefferson, Ben jamin Franklin, or James Madison had originally anticipated for America. The current US budget deficit is close to $1.5 trillion. If Americans were required to pay for government spending this year, we’d have to work an extra thirty-eight days to earn enough money to pay all our taxes. Approximately forty seven percent of Americans will not be eligible for any income tax return, but because of EITC (Earned Income Tax Credit) and other credits implemented by Obama and Bush a majority will receive a tax credit. I am a supporter of tax credits, but I also think that there should be a ‘cap’ to limit your tax credit. Doing this could provide a credit for everyone, but having a limit can help to utilize money in many different areas. Money that we don’t have is being printed, spent, a... ...e money you invest, you’ll never see, because of government spending. After a ‘clean-house’ within the government and Americans morale improves. I believe that taxes are ‘generally’ good, except when taxing is used to fulfill greed. If more people invested in their future more soon, spent money wiser, saved money, and supported their communities their lead would influence others to do the same. Works Cited: Independence Hall Association. Constitution of the United Sates. Retrieved April 25, 2010, from http://www.ushistory.org/documents/constitution.htm. Cassidy, John. (April 7, 2010). Rational Irrationality. Retrieved April 11th, 2010, from http://www.newyorker.com/online/blogs/johncassidy/2010/04/who-pays-federal-income-tax.html The Tax Foundation. (2010). America Celebrates Tax Freedom Day. Retrieved from, http://www.taxfoundation.org/taxfreedomday/ Taxes and the Deficit: We MUST Return to the Fundamentals of our Consti The United States of America is not leading into the direction our country was meant to lead. Our Forefathers that came before us and settled in the United Sates, fled here to be free from tyranny. They were escaping from Great Britain’s strict control and harsh taxation. After settling in America the Constitution was drafted to â€Å"form a perfect Union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the Blessings of Liberty to ourselves and our Posterity (Preamble to the United States Constitution).† After reading the preamble, I reread, and wondered how can the US be in the situation were in, if that is what our country ‘was’ built on? What direction is our country headed in, how is taxation hurting or benefiting us, and what can we do to better ours and our children’s future? The direction that our country is taking is far from the direction that Thomas Jefferson, Ben jamin Franklin, or James Madison had originally anticipated for America. The current US budget deficit is close to $1.5 trillion. If Americans were required to pay for government spending this year, we’d have to work an extra thirty-eight days to earn enough money to pay all our taxes. Approximately forty seven percent of Americans will not be eligible for any income tax return, but because of EITC (Earned Income Tax Credit) and other credits implemented by Obama and Bush a majority will receive a tax credit. I am a supporter of tax credits, but I also think that there should be a ‘cap’ to limit your tax credit. Doing this could provide a credit for everyone, but having a limit can help to utilize money in many different areas. Money that we don’t have is being printed, spent, a... ...e money you invest, you’ll never see, because of government spending. After a ‘clean-house’ within the government and Americans morale improves. I believe that taxes are ‘generally’ good, except when taxing is used to fulfill greed. If more people invested in their future more soon, spent money wiser, saved money, and supported their communities their lead would influence others to do the same. Works Cited: Independence Hall Association. Constitution of the United Sates. Retrieved April 25, 2010, from http://www.ushistory.org/documents/constitution.htm. Cassidy, John. (April 7, 2010). Rational Irrationality. Retrieved April 11th, 2010, from http://www.newyorker.com/online/blogs/johncassidy/2010/04/who-pays-federal-income-tax.html The Tax Foundation. (2010). America Celebrates Tax Freedom Day. Retrieved from, http://www.taxfoundation.org/taxfreedomday/