08-10-2007, 03:24 PM
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#63 (permalink)
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Easy Rider
Location: Moscow on the Ohio
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Quote:
Originally Posted by kutulu
You can't be serious. Take a look at your paycheck. Medicare, SS, Fed, and State add up to 13% for me and I'm probably in the top 25% for household income. Add in my property taxes and I'm at 14%. Local sales tax about 8% for non-food and something like 1-2% for food. After all of that I'm nowhere near 20%.
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We have had this discussion on taxes already some time ago in this forum but I cannot find it so I will reply again.
It is the indirect taxes that I am writing about which are added to the direct taxes you listed. It is difficult to find out exactly how much these taxes add to the price of goods and services but I have seen estimates of between 30 to 70 percent depending on which goods and services you buy. One of the more high end estimates is contained in the following article:
Quote:
Everything we buy, has all or some of the above-mentioned taxes glued onto its price. Ajax widgets are made in a factory somewhere, employing people whose wages are taxed. That factory pays fuel taxes, property taxes, and a hundred other taxes, which go into the price of the widgets. Food and manufactured goods of all kinds have the makers' taxes included in their prices. A loaf of bread bought in a grocery store or bakery has property taxes for the farmer, bakery, garage for the delivery trucks, oil refinery, truck factory, tire factory, and the factories for every single part in the truck, tractor, and various pieces of machinery that go into making and delivering the bread. There are taxes on the property and workers for the milling of the flour, egg producer, maker of yeast, milk, wrappers, slicers, ovens, and even the printers who print the wrappers, and ink that goes into them. All these factories, shippers, farmers, stores, etc. have labor and property taxes to pay as well as telephone, fuel, and a host of other taxes, all of which add to the cost of that single loaf of bread. One economist 30 years ago, said that a $1.00 loaf of bread had $.95 in taxes. Then, of course, you pay your own taxes of probably 75%-counting sales, Social Security, income, property, telephone, etc. Is a 75% taxation estimate too low? I think so!
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http://www.gold-eagle.com/editorials...t021001pv.html
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