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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: 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.
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: Tax in the US is about 75%
Sun, October 18, 2009 - 7:41 PM
too much common sense dude. you know the human throw-rugs don't care. post something about tea bags or Glenn Beck. or maybe some idiotic survey conducted on five people demonstrating Republicans are all perverts and the thread will light up like a Christmas tree. -
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Re: Tax in the US is about 75%
Mon, October 19, 2009 - 5:30 AMOhhh such jaded cynicism.
I recall that loathsome toad Michael Moore telling Sean Hannity that people should be paying 50% of their income as tax.
Apparently young master Moore is less well informed than he might be. -
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Re: Tax in the US is about 75%
Mon, October 19, 2009 - 5:32 AMBut everything else aside.
75% is a lot and one might think that the government should be ale to get along just fine by taking 75% of everybody's income away from them. Government ought to be flush with excess cash.
Which all goes to the argument that we ought not be giving them any more.
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Re: Tax in the US is about 75%
Mon, October 19, 2009 - 9:52 PM>> Which all goes to the argument that we ought not be giving them any more. <<
if there was some ceiling where they'd stop spending then maybe there is a point to their argument. but if California exemplifies anything, it demonstrates that the more revenue the State or the Fed racks in, the more they waste and increase obligations. the real cause of the financial crisis isn't the downturn. it was the boom during the dot-com bubble where we overextended ourselves beyond imagination.
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Re: Tax in the US is about 75%
Mon, October 19, 2009 - 9:50 PM>> Apparently young master Moore is less well informed than he might be. <<
you mean the fat-ass with a camera doesn't understand basic economics? imagine that.
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