>The big difference between income tax and regular expense is regular
>expenses we pay someone else benefits them, but the money we pay in
>taxes is money we pay to ourself for our own benefit. This make income
>taxes, even if viewed as an expense, a special kind of outlay.
Leland, now here you may have put your finger on the difference between us. For the most part, because of the excessive regulation and interference in our lives, many of us view much of our tax bill as money flushed down the toilet... hence a definite expense not payment for a benefit. Beyond that, I get benefit from the phone company, but my phone bill is still an expense.
I would agree that deficit spending is the culprit, but many see this as the result in excessive spending and government operation rather than insufficient taxation.
Larry Miller
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