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to one government entity or another
You get to keep 25% or less of your money.
And still they want more more more.
You get to keep 25% or less of your money.
And still they want more more more.
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Re: You pay more than 75% of your income as a tax
Sun, October 18, 2009 - 7:30 PMTaxes You are paying better than Three Quarters of your gross income to some government entity or other in the form of Taxes:
Overt Taxes:
• Fed income tax
• Fed FICA tax
• Fed SECA tax
• Fed Worker’s Comp
• State Worker’s Comp
• Fed Medicare
• State Income tax
• City Income tax
• Some Counties have an income tax
• Sales taxes
• Luxury taxes
• Road Tolls
• Real Estate taxes
• Vehicle taxes
• …………Surcharges
• …………License fees
• …………Registration fees
• …………Gasoline consumption taxes
Hidden Taxes
(Taxation that is structural – built into the cost of what you pay for things so you don’t see it as “tax” on your receipt but rather, higher prices):
• Real estate taxes on renters: Renters pay their landlord’s Real Estate taxes via higher rent.
• VAT taxation VIA higher retail prices for foods clothing and other goods made in or shipped through Europe.
• Sales and use taxes paid as higher prices for consumer goods that are made in any nation with taxes.
• Highway taxes VIA higher costs for consumer goods that are shipped across any road or rail whether in the US or any foreign
• Waterway use taxes for consumer goods chipped along any US or foreign water way.
• Unemployment taxes passed on to you VIA lower wages.
• Employer provided life insurance taxes you pay in lower wages
• Subsidy taxes for any thing you buy that benefits from a subsidy
• U.S. waterway taxes you pay to go anywhere by boat.
• Medical risk Taxes like the DPD tax
• Taxes on College Scholarships
• Taxes on debt forgiveness when you “cut a deal” with your creditor for anything less than the entire amount with interest.
• Gasoline tax. ( 19 - 45.8 cents {state depending}per gallon in federal, state and local taxes)
• Travel taxes: Airfare, hotels, car rental and taxi service: 7.5% air fare & $3.50 tax for each increment of the flight and $2.50 in security tax on each increment of that flight. Hotel & car rentals are taxed up to 40% of the cost.
• Sin taxes on beer, liquor, gambling and cigarettes. ($13.50-a-gallon tax on hard liquor and the 33-cent tax on a six-pack.)
• State taxes on insurance premiums. A $9-Billion wind fall for each state each year. You state taxes your insurance company which passes that on to you.
• Excise tax. All impoirts have a federal excise tax levied onto them.
The below is a very, very, short list of imports and their respective taxes which you pay.
• Bicycles 11%
• Brussel sprouts 12%
• Cotton hammocks 15%
• Infant formulas 18%
• Flashlights 18%
• Peanut butter 143%
• Girdles and panty girdles 24%
• Brooms 32%
• Plastic school supplies
The list goes on and on.
There are hundreds of taxes you pay. The cumulative effect is a tax of no less than 75% on your gross income.
You can be sure that if there is a transaction where you transfer any of the money you earn to some one for something you are paying a tax.
The result is that you pay on average about 75% of your gross income to government in the form of taxes.
This link takes you to a comprehensive study of the taxes you pay:
Google these names:
Nina Olson
Jared Bernstein
Pete Sepp,
Institute for Policy Innovation, Washington, D.C.
FABULOUS RESOURCE: Taxes You are paying better than Three Quarters of your gross income to some government entity or other in the form of Taxes:
Overt Taxes:
• Fed income tax
• Fed FICA tax
• Fed SECA tax
• Fed Worker’s Comp
• State Worker’s Comp
• Fed Medicare
• State Income tax
• City Income tax
• Some Counties have an income tax
• Sales taxes
• Luxury taxes
• Road Tolls
• Real Estate taxes
• Vehicle taxes
• …………Surcharges
• …………License fees
• …………Registration fees
• …………Gasoline consumption taxes
Hidden Taxes
(Taxation that is structural – built into the cost of what you pay for things so you don’t see it as “tax” on your receipt but rather, higher prices):
• Real estate taxes on renters: Renters pay their landlord’s Real Estate taxes via higher rent.
• VAT taxation VIA higher retail prices for foods clothing and other goods made in or shipped through Europe.
• Sales and use taxes paid as higher prices for consumer goods that are made in any nation with taxes.
• Highway taxes VIA higher costs for consumer goods that are shipped across any road or rail whether in the US or any foreign
• Waterway use taxes for consumer goods chipped along any US or foreign water way.
• Unemployment taxes passed on to you VIA lower wages.
• Employer provided life insurance taxes you pay in lower wages
• Subsidy taxes for any thing you buy that benefits from a subsidy
• U.S. waterway taxes you pay to go anywhere by boat.
• Medical risk Taxes like the DPD tax
• Taxes on College Scholarships
• Taxes on debt forgiveness when you “cut a deal” with your creditor for anything less than the entire amount with interest.
• Gasoline tax. ( 19 - 45.8 cents {state depending}per gallon in federal, state and local taxes)
• Travel taxes: Airfare, hotels, car rental and taxi service: 7.5% air fare & $3.50 tax for each increment of the flight and $2.50 in security tax on each increment of that flight. Hotel & car rentals are taxed up to 40% of the cost.
• Sin taxes on beer, liquor, gambling and cigarettes. ($13.50-a-gallon tax on hard liquor and the 33-cent tax on a six-pack.)
• State taxes on insurance premiums. A $9-Billion wind fall for each state each year. You state taxes your insurance company which passes that on to you.
• Excise tax. All impoirts have a federal excise tax levied onto them.
The below is a very, very, short list of imports and their respective taxes which you pay.
• Bicycles 11%
• Brussel sprouts 12%
• Cotton hammocks 15%
• Infant formulas 18%
• Flashlights 18%
• Peanut butter 143%
• Girdles and panty girdles 24%
• Brooms 32%
• Plastic school supplies
The list goes on and on.
There are hundreds of taxes you pay. The cumulative effect is a tax of no less than 75% on your gross income.
You can be sure that if there is a transaction where you transfer any of the money you earn to some one for something you are paying a tax.
The result is that you pay on average about 75% of your gross income to government in the form of taxes.
This link takes you to a comprehensive study of the taxes you pay:
Google these names:
Nina Olson
Jared Bernstein
Pete Sepp,
Institute for Policy Innovation, Washington, D.C.
FABULOUS RESOURCE: www.ipi.org/ipi%5CIPIPub...Tax-FINAL.pdf
www.irs.gov/irs/article/...01099,00.html
Google these names:
Nina Olson
Jared Bernstein
Pete Sepp,
Institute for Policy Innovation, Washington, D.C.
Google these names:
Nina Olson
Jared Bernstein
Pete Sepp,
Institute for Policy Innovation, Washington, D.C.
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Re: You pay more than 75% of your income as a tax
Sun, October 18, 2009 - 7:38 PM
sucks for you and me. but as far as the sponges that reap the windfall from other people's labor while contributing absolutely nothing, it's all just great.
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Re: You pay more than 75% of your income as a tax
Mon, November 2, 2009 - 7:39 PM75%?
I wonder why they still want quarterlies from me, then?
Damn....
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Re: You pay more than 75% of your income as a tax
Sun, November 1, 2009 - 9:40 PM
"San Francisco's transportation agency, anticipating a multi-million dollar deficit, is proposing a plan it says will help ease parking snafus. It wants to extend parking meter hours - up to midnight in the trendiest neighborhoods, and on Sundays everywhere."
www.sacbee.com/state_wire...297820.html
the FT had it right. the pricetag for the recession will fall on the average guy that plays by the rules. and the money will be extracted through increased fines and phantom taxes. it's amazing how predictable this shit is. -
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Re: You pay more than 75% of your income as a tax
Mon, November 2, 2009 - 1:31 PMMaybe if we elected only unpredictable people this next time around. As in, throw out all incumbents. I know, I'm dreaming.
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