President Barack Obama isn’t talking about it and neither is Mitt Romney. But come January, 163 million workers can expect to feel the pinch of a big tax increase regardless of who wins the election.

I’ve heard about this for a while and it’s certainly not news that taxes will be increasing come January.  What is interesting though is that number, 163 million workers.  Otherwise known as 51% of the population.  It is also well-known that 47% of the population are exempted from paying taxes.  Often many of them actually make money from the government.

We often hear about the 53% percent who pay taxes and the 47% who live off the government dime.  What is even more entertaining is that often when there are tax cuts we hear wailing about how it only benefits the rich.  See this analogy if you’re unsure what I’m talking about.  While now we have a tax increase that only affects those now paying taxes.  Those who are getting handouts will continue to do so without an increase in what they owe.

You would think with a tax increase you would see more people overall having to pay taxes, this outcome is something I find quite interesting.

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About Barron

Barron is the owner, editor, and principal author at The Minuteman, a competitive shooter, and staff member for Boomershoot. Even in his free time he’s merging his love and knowledge of computers and technology with his love of firearms. He has a BS in electrical engineering from Washington State University. Immediately after college he went into work on embedded software and hardware for use in critical infrastructure. This included cryptographic communications equipment as well as command and control devices that were using that communications equipment. Since then he’s worked on just about everything ranging from toys, phones, other critical infrastructure, and even desktop applications. Doing everything from hardware system design, to software architecture, to actually writing software that makes your athletic band do its thing.

2 Responses to Interesting…

  1. Old NFO says:

    Isn’t it though…

  2. Pingback: But I thought It Had Popular Support!? - The Minuteman