To be honest, the tax proposals that the president candidates are presenting on there campaign trail is a wish list. But it seems so many people that I talk to about the taxes that are being debated, don’t have a clue how the tax system works. Most people believe, if you tax the rich or big corporations, they will have a personnel victory over the rich and greedy.

Most people work for someone that is rich or for a big corporation, which is the reality of life. When you tax people or corporations more, they spend less, this is simple math. If rich people and corporations spend less, this means they hire less people and people are laid off. Most of us experienced when an organization you worked for or is working for, sale less of their product, make bad investments, or spend more money then they thought they had, result in the average worker paying for the negative results.

Corporations don’t pay taxes, most of us know that. When governments raise so call corporate taxes, corporate raise prices on their product to make up the difference. If corporate calculates that they are not making a large enough profit on their product, they start trimming negative expenses. Unfortunately, parts of the negative expenses are the everyday workers.

Wind fall taxes on products, when governments start taxing corporate wind fall taxes, the corporation just make less of the product, thus, getting tax less on the number of products they make. Again, trimming negative expenses to off-set the amount of profit for product they are selling less of. Remember the gas debacle of the 1980s, when President Carter imposed wind fall taxes on the oil industry. Remember the long gas lines, because of less gas being produced by the oil industry.

Capital gains taxes, those of us that have investments were hit hard from the impact of the recent collapse on Wall Street, some people were seriously hurt. If the Democrat party has its way with the capital gains tax, most of us will get hit even harder, with them telling you how much you can make on your investments. Now, the Democrat congress wants to take away our 401K, mix it up with Social Security, and somehow wants to pay us only 3% on our investments, this is just a brief description, more information is developing on that.  

The Democrat party wants to tax people making a-quarter of a million dollars, now Barack campaign is quietly saying $200,000, and the Wall Street Journal has calculated it closer to $180,000. Last year Barack voted four times to raise taxes on people making $40,000 or more.

Now we have Barney Franks promoting an immediate increase in spending, deficit fear should take a second seat, and later on with a tax increase. Barney wants to put his hands deeper in the everyday tax paying Americans pockets. Barney Franks Rep (D) Massachusetts Congressman who was head of Fannie Mae for two years, which suffered a 90% decline, thus, causing the housing industry to collapse. This is Barney Frank’s way of recouping the money we, the tax payers had to pay for the seven billion dollar bailout. Barney Franks wants to hit us with more taxes.