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Originally Posted by Mojo_PeiPei
Also nothing wrong with being Quasi-socialists. Just note that us Americans are all inherently selfish and most of us like to keep what we earn and we already feel that hte 35% +/- we already pay in taxes is to much, I can only imagine if we got up to the rates in Europe 50/60/70%.
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We probably pay a lot more in taxes when you consider all the taxes we pay indirectly on all goods and services. I would venture to guess it is more like 70 to 80% for those who spend almost as much as they make each year. A $2 loaf of bread probably has $1.50 or so included in the price for taxes added to the cost from the farmer to the store. Everybody in the distribution channel is taxed and adds the amount to what they charge, and so on, until we pay them all in the final price at the store. And then we are charged sales tax on top of that.