What Would You Do With $10,000?Submitted by zooamerica on Mon, 09/03/2012 - 22:01
If Americans woke up tomorrow and found out that the Income Tax had been abolished overnight, what would they do?
Imagine if the average American worker was allowed to keep the fruits of their labor on an annual basis!
Over five years, that's about $50,000 in savings...or spending pumped back into the economy.
I would first take my first real vacation since I was in high school. Then I would buy a new freezer for my business. Then I would hire a new employee to help keep up with demand. Then I would buy a better health insurance policy, and then I'd take the rest and invest it in a Roth IRA.
Saving up for college tuition doesn't seem to be so much of a daunting task if this were true.
If American's could actually keep the fruits of their labor, instead of dumping their hard earned money down a black hole in the form of state and federal taxes, just imagine what America would look like.
It would be like the dawn of the 20th century all over again, 100 years later.
How much longer will we let our out of control government arrest our own human development?
What would you do with an extra $10,000 in your pocket every year?