Growin' Up Gregory

The goal of every singe for-profit business in the world is to generate more income than it has expenses.  This is true for all business structures, be it a sole-proprietor who generates $20,000 or less in gross revenue, a multi-billion dollar corporation with locations all other the world, or anything in between.  The simple rule of business is to make more than you spend.  Period. The United States Government is an extremely large business with a budget that is incomprehensible to many of us.  And yet, given all the revenue sources, power, and influence that it has, it still is not operating profitably.  Why? One reason is income taxes.  In my opinion, the federal income tax system is greatly flawed.  My understanding of the original intent of an income tax refund is basically that you get your "change" from paying in more than you owed at year end.  It should work just like going to the grocery store, spending $30, handing the cashier $40 a...

One of the hot political topics right now is tax reform.  And, spoiler alert, there are people on both sides that are for and against the new bill.  The biggest issues I've heard from it so far are: 1.  Tax cuts for low to middle income families. 2.  Tax cuts for the wealthy. 3.  Tax cuts for corporations. so let's look at those. I believe that all politicians want to at least say they will, and hopefully do, make tax cuts for what I consider normal working class people like my family, my friends, and myself who work a regular job with enough money to live off of but not so much that we have no financial stresses in our life.  We all want a break on taxes which means more money in our pocket.  Money that we can use to be charitable, give to our loved ones, save, pay off debt, or even sparingly treat ourselves.  This is also money that we still spend in stores, restaurants, and other businesses which guess what...makes more people money....