Federal Home Insulation Energy Tax Credit 2011, 2012

[UnitedPebbles]

1/3* 8 hours/16 hours * 5 days* week/7days * year/52weeks/ (58 years) * 100% =11.67% of your life is to the government.

May as well work for the government and consider it over time? harhar?

[UnitedPebbles]

So you pass the tax to somebody else? still taxation at best but you get something in return because you SPENT (a whole lot)in the name of investment that suppose to SAVE you money OVERTIME.

All tax credits and deductibles are passing the taxes to someone else.

The standard deduction is a discount from sales tax, which is spending tax from your already taxed monies.

You can't escape from the government taking at least 1/3 of your pay or 1/3 of your 8 hours/5days/aweek of 52 weeks/year * 76-18

[bweazel]

@UnitedPebbles Actually, it could be argued that a more energy efficient home will use less energy, thus reducing demand for energy, thus reducing energy costs for everyone. I think they go a bit crazy with these, but in the end it equals out, you pay less for energy, I get a tiny credit at the end of the year.

Although, this whole idea of "passing taxes around" isn't entirely correct. Think of it more as helping society and government reduce their various burdens, and you are rewarded for it.

[bweazel]

@UnitedPebbles The standard deduction is actually very generous for most Americans, and I really think we should do away with it all together and just have the personal exemption. Most Americans do not do anything for society or for their localities to warrant a 5,950 (for 2012) reduction of their tax liability. So in reality, you're their slave. The government is more of the slave trader ;) We can't escape from are apathetic and lazy individuals, who the government panders to for some reason.