Tax deductions I’d like to see

Tax deductions I’d like to see

tax deduction - bibIt seems like I’m paying more in income taxes every year. My tax preparer just completed my return and it appears that I owe more in taxes than I actually earned last year. Very discouraging. In full disclosure, my tax preparer was my college-age daughter. I’m thinking subtraction may not be her forte. But in her defense, she was tutored in math by her father.

Like most Americans – other than my brother Todd – I always pay my taxes. But I am concerned the government will just squander my taxes on unnecessary government boondoggle projects. I assure you, I am perfectly capable of squandering those funds on my own boondoggle projects with no help from Uncle Sam, thank you very much.

I read the other day that many of the largest Fortune 500 companies routinely claim so many business deductions and tax loopholes that they avoid paying any federal income tax at all. Apparently the key is to become a multi-billion dollar global enterprise with incriminating photos of a U.S. Senator having gay sex with an under-age intern or a sheep, and you won’t have to pay a dime. That seems totally unfair. The only incriminating photos I can get my hands on are a couple embarrassing selfies I took at last year’s company holiday party dressed as Gumby in drag.

I believe it’s time that we demand our government take drastic action to simplify the tax code. I’ve come up with a plan that will make it far easier for me to pay my fair share – which based on my rough calculations, comes to nineteen dollars and forty-seven cents (give or take a quarter). Under my plan the following items would become tax deductible expenses:

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