Taxing Results

I had drafted a posting for today and forgot to publish it. I think I have a good excuse too. I was helping my cousin complete her tax returns for 2005 – federal, New York state and New Jersey. Tomorrow we’ll work on my returns. I can’t wait.

It is this annual taxpaying ritual that has played a major role in my political point of view. The day I recognized I was spending more for taxes than any other expense I have, is the day I began to look at government and politics differently. The day I realized I was spending more on taxes than all of my other spending and saving combined, I knew I was being taken advantage of by the ’system’.

Anyway, it’s best I not dwell on the subject of taxes right now or I'll find myself telling you how I really feel. Let’s just say the frustration of not being able to control my own financial destiny drives me nuts.

This Saturday’s posting was about the article, The Mob That Whacked Jersey. But I noticed Dynamobuzz already had one and so I figured why bother to publish one that covers much of the same ground. Read both Roberto’s post and the article.

There is one quote from the City Journal article I had in my posting that I have decided to include here for later discussion:

In Camden and Newark, that system spends nearly $1 billion in state funds annually—to produce a scant 2,000 high school grads a year.

I’ll leave you with that fact to ponder as I get back to our income tax returns.