All this talk about rasing taxes, this tax and that tax... not a tax on you or me... just a tax on that other guy..
Well it got me to thinkin' What is the real tax rate, anyway.
The government wants us to think that our tax is the income tax rate and we have all these wonderful deductions and a graduated tax rate.
In spite of all that, each dollar gets taxed over and over and over again....till there's nothing left.
Example: Joe paid 25% tax rate on his dollar. Next the government used that money to pay salary to Sam, the friendly federal tax man. Sam paid tax on it too and spent the excess on a new boat. The boatman paid taxes on it again. The government now has the money back from Sam and boatman's taxes, and gives some of the tax money to state governments. The state uses the federal tax grants to pay Tom's salary, and Tom pays tax on it again... and on and on and on.................
Plus, there is the state tax to pay for all of these Joes and Sam's and Toms and suzys...
And then don't forget there are those pesky, little hardly worth mentioning...little, tiny collections for sales tax property tax county tax school tax gasoline tax excise tax medicare tax and, and, and
Don't forget the
Social Security Tax
But don't get me started on that.... see my other blog on that >>> Social_Security_Big_Brother_Really_Cares <<<
My mind is boggled ...but when you add it all up that must be at least 199% of each dollar that is actually taxed...
Oh and each of us citizens now owe over $360,000 in unfunded mandates... It's just a gift from Uncle Sam
Not to worry, though becasue the illegal aliens don't have to pay this, just us citizens....
News Flash:
Bernie Madoff has just recieved a get out of jail free card, all he has to do is teach Uncle Sam on how to run a successful Ponzie Scheme..... Ok, now lets put a tax on health care benefits, and make everyone buy health care insurance, and pay a tax penality if they don't. That sounds nice. And we can put a tax on drinks and candy, and shucks we also need a tax on the rich, and a tax on excess profits.
Hey, lets have a car tax and a credit tax... and a savings tax...and a tax tax tax...
Oh, Oh, we can eliminate the deduction on medical expenses, so we can raise the tax on the sick...everyone gets sick someday... that will be just a dandy tax.
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read more blogs!
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lovestobake

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Oct 23 @ 10:26AM
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Just think, this was all accomplished in about 70 years.
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john49887

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Oct 23 @ 11:03AM
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Tax freedom day listed by state.
We NEVER pay enough. Soon the scumbags will want our kidneys!
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Supremebeing412

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Oct 23 @ 11:10AM
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After the Obama Nation is done we will contribute about 62% of our income to assorted taxes and other increases such as license's, permits, plates, energy and so on.
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Supremebeing412

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Oct 23 @ 11:13AM
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I wish someone from the Obama Nation would answer a simple question. If people can't afford health care how could they under national health care?. The people are going to pay for it one way or another so exactly what is the difference between cutting Uncle Sam a check or your health care provider one?.
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teddybearr48

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Oct 23 @ 11:17AM
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But....but...
Don't you just love to give...
Why it's downrght racist not to love taxes...
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teddybearr48

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Oct 23 @ 11:19AM
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But those evil, Insurance companies want to make a profit.
And Uncle Sam??? well he just wants to spend someone elses money.
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missliss78

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Oct 23 @ 9:35PM
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Honestly, some of those taxes you have suggested....
Well, I think we already pay them.
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teddybearr48

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Oct 24 @ 3:19PM
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Sam wants more of those too.
We have a sales tax on cars... and a luxury tax on really expensive things,
What's next... a special car tax?
An energy tax???
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