http://www.washingtontimes.com/news/2009/jan/22/feel-like-a-chump/

RAHN: Feel like a chump?
Richard Rahn
Thursday, January 22, 2009

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You work hard, take care of your family, and pay all the taxes the government says you owe as is typical of honest, upright citizens.

But what happens to your tax money? It is now going to “bail out” firms that pay their senior executives millions of dollars a year. Congress also intends to spend your tax dollars on an $825 billion “stimulus program” filled with many dubious projects and plain old-fashioned “pork.” Many good economists who have looked at the details of the stimulus package believe it has much more “de-stimulus” than stimulus in it and will make the American economy worse off rather than better off.

While you may have thought you are required by law to pay taxes on all your income, you learn the “important” folks in Washington seem to think paying taxes is optional. Chairman Charles Rangel of the House Ways and Means Committee responsible for writing tax legislation has admitted he did not pay the required income taxes on some of his private income (Caribbean rental properties, etc.); and the proposed Secretary of the Treasury, Tim Geithner, did not pay the required income tax on part of his income from the International Monetary Fund, where he worked for several years.

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Yup, I’m a chump!

And, it’s not going to change any time soon.

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