Why Taxes Will Go Up

There is only one thing you need to know with respect to your federal taxes despite what politicians say – they will go up.

Yesterday it was reported that 47% of families in the U.S. pay no federal income tax.  This is an example of everything that is wrong with our progressive tax system.

This simply crazy.  A tax system where ten percent of the earners pay 73% of the liability is not sustainable.

Until we achieve tax equality in the form of a flat tax on income statements like “we expect everyone to pay their fair share” will continue to ring hollow.

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About Mike

Mike has been an executive in the biotechnology industry for the past 20 years. Mike is a graduate of University of California, Santa Barbara, earning Bachelors degrees in Business Economics and Geography. Mike also earned his MBA in Finance from California State University, Fresno. Mike is married to the mother of his 3 children and currently lives outside of Boulder, CO. In his spare time Mike enjoys hiking, fishing, skiing, reading and coaching basketball.
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