Tax Relief: Let’s Raise The Bar

Let’s raise the bar for our standard of living. Let’s all get a chance to increase our income and, therefore, enjoy more of the physical comforts and luxuries that life has to offer. It may mean that we spend more time and effort (sometimes away from family) investing in a business and working at that second or third job. But then, we work ourselves to the bone to give the government more taxes for every additional dollar we earn. How many of us think it’s worth it to gain the whole world but to lose a huge percent of our time, leisure and money in taxes to the government? The fact is that many people have less incentives to make more money, invest, save or work harder if it simply boils down to more stress and more tax. This is what the marginal tax rate is all about: the tax on each additional dollar of income. One way to encourage higher living standards and more productivity is by reducing the marginal tax rate.

In the 1980s, tax relief was granted through the reduction of marginal tax cuts and this spurred the venture capital sector that now supports the growth of many technologies, including the World Wide Web. It is this technology that has helped many organizations and individuals to achieve new levels of productivity and efficiency, thus creating new pathways to wealth that had not existed before, or that were not available for youth, women or minorities. Surprisingly, government did not see it fit to give a tax relief to those involved in innovation and business development and growth. Instead, this seems to punish people for becoming successful.


Too many taxes or too high taxes reduce the cash flow for businesses, and this is the money they need to pay employees, purchase materials or equipment or expand. Any tax relief to this group would only serve to benefit not just the individuals involved, but to the local, state and national economies.

By: N.F.Centeno

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