Northwest Arkansas Democrat-Gazette

Some sleight of hand

-

I was recently surprised about the final result of preparing our taxes for 2018. Despite all the wild promises of the new tax law (such as the alleged $4,000 raise per household) our effective tax rate increased from 2017 to 2018. We ended up paying a greater percentage of our income because of the tax bill.

I personally believe my household pays a fair rate in taxes, but it was still off-putting the way I feel the American public has been deceived, not to mention the broader issue that our tax system is unbelievab­ly complicate­d. Representa­tive Hill and Senators Boozman and Cotton sure touted this new law as a revolution­ary way to help out citizens. I am sure there are some people who have benefited, but a vast number of Americans are in my situation of not seeing too much of a financial change. Even with some instances of higher refunds, there are still the unaddresse­d issues of rising health-care monthly premiums, stagnant wages, and so forth, while corporatio­ns use profits to benefit shareholde­rs instead of employees.

One way to describe this situation is a sleight of hand, akin to a magician performing a trick through skillful hand movement. Politician­s have promised great things, but in reality, they have just shuffled money between deductions, credits, and loopholes in the tax code. It is still the same complicate­d system. Some may benefit out of sheer luck, while others—particular­ly those self-employed and small businesses—are not so lucky. BILLY McMAHON

Cammack Village decades.

Let’s look at a few ways taxpayer funds are being used collective­ly to benefit society as a whole, despite income, contributi­on, or ability: Medicare, Social Security, public schools, military, highways, public libraries, police and fire department­s, farm subsidies, public parks, GI Bill, Hoover Dam, student loans and grants. Of course, we can’t forget taxpayer support for salaries, medical care, and pensions for those in Congress. I don’t see anyone burning their Medicare cards in protest. I daresay the streets to Trump Tower came from taxpayer funds.

So spare me the cries of a socialist being around every corner threatenin­g our society. There is socialism for the rich and poor, and everyone in between. It only seems to be a problem in election years when it is dusted off and branded un-American. BETTY McSWAIN

Fort Smith

Newspapers in English

Newspapers from United States