Must tax rates go up?

Why tax rates (not just income taxes) must go up:
- Existing deficits
- Costs of two wars
- Rising entitlement costs from the retirement of the Baby Boom generation
- Deepening recession hurts tax revenue
- Unemployment results in lower Social Security and Medicare tax revenue
- Business closures, home foreclosures and personal bankruptcies reduce local property tax revenue
- Lower retail sales reduce state and local sales tax revenues

The time is now to strategically plan to stop wasting money on taxes you are not required to pay.