Federal Taxation 2007

Although it doesn't seem THAT long ago sit back, feet up, and REMEMBER the 'good ole days' of federal taxation in 2007! Would anyone have envisioned such a drastic difference? In 2007 fiscal responsibility was about $10 trillion closer to budget neutral. Although then President George W. Bush promised to 'cut taxes' things slowly spiraled out of control. He faced the funding of a war that lasted longer AFTER victory was declared, than before...and continues to date, as well as natural disasters, such as Hurricane Katrina that 'tugged hard' on the purse strings of America. Also in 2007 another 'killer' for lower taxes snuck in without being noticed...higher gasoline prices that just kept rising threw another 'curve ball' to the economy. Facing these challenges, and the need to support the growing 'war on terror' made a hike in federal taxation for 2007 look like a quick answer to problems that seem to come from every direction without warning.

Pres. Bush faced a now democratically controlled senate that pushed for at least some higher taxes. However he did CUT gift and estate taxes eliminating the need to pay unless an estate valued at over $3.5 million verses the former requirement of $2 million. However, economist worried that this move might adversely affect small business and the economy in general by negatively affecting the 'thinking' of individuals who could decide to 'hoard' their wealth rather than spend it.

2007 and its great challenges, marked the beginning of sky-rocketing taxes and today's $12 trillion deficit...and counting.

America came to a 'crossroad' in 2007. The loss of American industry due to N.A.F.T.A. (North American Free Trade Agreement) began to actually be FELT and SEEN by the administration...something that was AGAIN, unforeseen. Fewer businesses meant fewer jobs and fewer people to pay taxes. All the more reason to raise taxes on the people and businesses that still DID pay.

Suddenly, a new 'train of thought' began. The nation's troubles brought George Bush down to extremely low popularity levels and a democratic congress began to 'morph' into a progressive movement toward more government control, higher taxes to fund it, and a utopian type of thinking that more and bigger government, along with higher taxes, was the ANSWER to all woes!

With so many things in chaos, the 'powers that be' began the trek to maximize the control and power of government to help control our OUT of control economy.

Did federal taxation year 2007 begin a new and better segment of American history...or did it mark the beginning of the end? The whole story is yet to be written.

find more said:

I've dissected an essential number of them other than got such a mind blowing entire from them.

click here for buying a router said:

Find out the best wireless routers to help improve your speed while also getting the best out of your router.

Top 10 Best Torrent Sites said:

Top 10 Best Torrent Sites

essaytigers writing service review said:

Yes well taxation also requires its very own essaytigers writing service review and i bet you didnt even knew about that so what are the chances you can fix this? I really wanna know how all of it ends.

mumbai to goa cab package said:

You can book a taxi like Indica, Micra, Indigo, Dzire, Etios, Innova, Traveller and luxury cars for your weekend getaway, holiday destination, honeymoon, family outing, pilgrimage etc. You can check the taxi fare and estimated cab cost from mumbai to goa

santa letter said:

New site is solid. A debt of gratitude is in order for the colossal exertion.

marketing 1 on 1 said:

I am exceptionally delighted in for this website. Its a useful point. It help me all that much to tackle a few issues. Its chance are so fabulous and working style so quick.

forskolin where to buy said:

I discovered this is an educational and fascinating post so i suspect as much it is extremely valuable and learned. I might want to thank you for the endeavors you have made in composing this article.

teenanalyst said:

111

hotels in tel aviv said:

I really impressed after read this because of some quality work and informative thoughts . I just wanna say thanks for the writer and wish you all the best for coming!.

the best coffee makers said:

Our Top Rated Single Serve Coffee Makers2 Best Single Serve Coffee Makers

Best Gaming Keyboard 2018 said:

You never know how much difference a mechanical keyboard makes until you try one. We look at the best in our Best Gaming Mechanical Keyboards Guide for 2018.

?????? ???? ????? said:

Detailed post shared here. That's what I like to see. Please, share more posts that are as detailed as this one.

voyance gratuite par telephone numero non surtaxe said:

There were so many links to use here and I used all of them. They came in handy for this project I am working on. Would love to see more of this stuff in the coming weeks.

Getapk Market Apk said:

hiiiiii........fru

Emulator 3ds android is basically the compact flash emulator and FAT emulator, which lets 3DS games to play on different open source. said:

3DS emulator is basically the compact flash emulator and FAT emulator, which lets 3DS games to play on different open source.

bandar togel terpercaya said:

Do you have a spam problem on this website; I also am a blogger, and I was wondering your situation; many of us have developed some nice methods and we are looking to exchange methods with other folks, please shoot me an email if interested.

a href="http://bomberman.talkwithstranger.com/">super bomberman r said:

In case you're a fanatic of exemplary arcade video game, then you need to experiment with the most recent super bomberman r title, which can be played on PC. This title was initially launched on Nintendo Switch, yet you can play it on PC now. Have a Switch experience on PC.

DC Fawcett said:

The actual challenge to become is normally you can actually SOLE check out that level of your tax discount over the internet by looking at your RATES web-site.