Taxes Kill Jobs

Most don't realize how crippling taxes are to the number of jobs in this country. Let's say you added one penny to each of the 131 million tax filers returns making each one pay one cent more in taxes. This would generate $1.3 million revenue to the state. Divide this by an average salary of $45 thousand yearly and you find this money would support about 30 jobs or put another way, force the private sector to reduce 30 jobs in order to pay the new one penny tax. Anyone who says tax increases do not reduce jobs or tax cuts will not increase jobs has no understanding of basic math. Sure some taxes are necessary, we could not have jobs without the military to protect our country or roads to move to and fro along with police and fire protection along with various other essential services. These things cost us dearly yet we all agree to make the necessary sacrifice. The problem is the state can never quench its desire to take more and dabble in areas that are totally unnecessary costing untold thousands of jobs. We would do well to remember each additional penny taken costs us 30 jobs and seek to reduce the size of government wherever possible and never let it take a penny unless there is no other option and it is absolutely vital to all. CJpost