Essentially, Abraham Lincoln made this statement, ``that God must have loved the common man because he made so many of them.'' Unfortunately, Uncle Sam loves the common man, too, because that is who pays the taxes. It is not the poor, it is not the super rich. They get around it through foundations, through tax shelters, through whatever their lawyers and accountants can scheme up, but over and over again the common man pays the taxes and carries the whole load here. I hear the same thing the gentleman hears. An individual's mama and daddy died, left an estate over $600,000, and Uncle Sam came to the funeral first and got his share. Big dog sat down and he ate, and after he ate, what was left, these folks had to sell off whatever it was their parents had worked all their life for. Then they cannot operate that farm or family business any more because they had to sell a portion of it to pay the taxes. So Uncle Sam, in his greed, cuts out a revenue generating enterprise. Just one more example of short-term greed and, I think, a horrible punitive tax policy.
Jack Kingston: “Essentially, Abraham Lincoln made this statement, ``that God must have loved the common man because he made so many of…”
Editor's note · Context
Discussing the impact of tax policy on the common man and family businesses.
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