The Taxman

The Taxman

“Should five per cent appear too small, Be thankful I don’t take it all. ‘Cause I’m the taxman, yeah I’m the taxman.” Today, many Americans find the lyrics from this Beatles’ song, “Taxman,” ringing all too true for their daily lives. President Obama spoke last night about a whole host of issues, but one issue stood out – taxation. The President hopes his policy of taking from the rich to give to the poor can gain credence. What the President fails to understand is that, for many Americans, his identity on tax issues is much more parallel with the greedy “taxman” in the Beatles’ lyrics than with the noble Robin Hood.

In a recent Washington Examiner article, Grover Norquist deconstructs the President’s death tax plan – “President Obama’s plan to change the nation’s inheritance tax would boost the current rate by nearly 50 percent and create a ‘second death tax,’ according to an analysis by the Americans for Tax Reform, headed by anti-tax czar Grover Norquist. Under the plan leaked in advance of Obama’s Tuesday State of the Union address to Congress, the president would tax inherited assets at the rate of the person making the bequest, not that of the recipient. And under the president’s new plan, the new capital gains rate would be 28 percent, nearly double the 15 percent when he took office.”

Hence, Grover Norquist, among many other anti-tax activists, has reacted strongly to the writing on the wall or better yet, to the lyrics of the Beatles’ song -“If you drive a car, I’ll tax the street, If you try to sit, I’ll tax your seat. If you get too cold, I’ll tax the heat, If you take a walk, I’ll tax your feet. Don’t ask me what I want it for, If you don’t want to pay some more, ‘Cause I’m the taxman, yeah, I’m the taxman. Now my advice for those who die, Declare the pennies on your eyes, ‘Cause I’m the taxman, yeah, I’m the taxman, And you’re working for no one but me.”

President Obama is clearly marching to the beat of these prophetic lyrics. His goal is to extend his reach as far as possible into the pockets of as many Americans as possible to obtain the revenue needed for his objectives. If the President has his way, all taxed Americans, living or deceased, will be within his protracted reach because he’s the “taxman.”

 

Click here to read the full Washington Examiner article. 

 

 

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