Fair and Balance

[Fast_Eddie]

Well, it would be intereting to see some real numbers. But there is a much more simple experiment you can do. Look at your pay stub. I get a very small return each year, so my contribution is a ball park of what I pay. Here are my numbers.

Federal Income Tax - 11%
Social Security - 5%
Medicare - 1%
State - 3%

So it looks like my total tax burden is somewhere in the neighborhood of 20%. Slightly less, I guess, since I do get some return. I'm not one of the "high wage earners" Democrats would like to tax more, but I'm doing pretty well on the whole. I suspect people who make less than me will come up with a lower number.

Now, there's a lot more that comes out of my check. 401k, Meical, Dental, Life and Disability insurance. So I'm not taking home 80% of my income. Shoot, my 401k contribution is as big as my Federal tax. And my medical insurance is as much as my State tax. But those are all in my control.

[piece-itpete]

Lots of hidden non-income taxes out there! Who needs VAT?

Pete

[merrylander]

The favorite for the GOP are 'Fees" so they can claim they did not raise taxes. Fees are the most regressive form of tax.

[d-ray657]

Originally Posted by merrylander

The favorite for the GOP are 'Fees" so they can claim they did not raise taxes. Fees are the most regressive form of tax.

They're called revenue enhancements.

Regards,

D-Ray

[Charles]

Originally Posted by d-ray657

They're called revenue enhancements.

Regards,

D-Ray

In Bugtussell, we call it stealing. And it don't much matter if it were the big ears or the long ears that did it.

You see Don, I'm not so much a gadfly as a malcontent.

Chas

[noonereal]

Originally Posted by Charles

You see Don, I'm not so much a gadfly as a malcontent.

Chas

and many of us like that