Major Tax Increases are About to Slam America as Cities and States Want You to Pay for Covid Fallout, by Isaac Davis

Cities and states have locked down economies and allowed rioters to destroy businesses, and now they want their taxpayers to pick up the tab. They can’t squeeze blood from stones, though. From Isaac Davis at wakingtimes.com:

Just prior to the global Coronavirus outbreak, serious signs of an emerging financial crisis began to emerge. As people were beginning to realize that yet another central bank engineered ‘bust’ was coming down on us, we were thrown into lockdown, shuttering millions of businesses and sending millions of people to the unemployment line.

Now, a few months later, we are starting to realize just how deep the economic fallout will be, and Americans are scrambling to adjust their lifestyles to a totally new world order. At the top of the food chain, though, is government. City, county, state and federal.

In the midst of such a bizarre and frightful socioeconomic crisis, the tax man is hurting too. Tax revenues at all levels of government have plummeted like never before, and the pain is especially acute for city budgets who’ve seen sales tax revenue nosedive. While the American citizenry is seeing a drastic drop in income, so is Uncle Sam and all of his bureaucratic agencies.

Take a look at some of the numbers.

Continue reading→

One response to “Major Tax Increases are About to Slam America as Cities and States Want You to Pay for Covid Fallout, by Isaac Davis

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