There’s an old saying I know you’ve heard: “Nothing is certain except death and taxes.” Benjamin Franklin said that, by the way. He was a shrewd old cynic who I think would be much more at home in the world today than the other founding fathers.
And I’d also guess Old Ben wouldn’t be surprised to know that his death-and-taxes maxim was, like most things, only about half right. Death remains certain, even if we don’t know where or when. But there is very little certain about taxes.
Oh, we are certain to be taxed, in one form or another. Which is a good thing, if you like clean water, fire departments and schools.
But who pays and who should pay the taxes?
What we should be asking is: How high should taxes be? How do you set tax rates to give us the services we need and help the economy grow? To me, those are terribly important questions.Well, we now have some answers.