Top Tax Rate Jumps to 50% or More in 39 States if HealthCare Surtax Passes (60% in New York City)

Tax Foundation ^ | 7/14/09 | TF Staff

[F. dAnconia]

Want to see how all this ends? Read up...

[DCBryan1]

Freepers, give me some ideas to avoid the taxman? I’m thinking of going to all cash anyways....screw the feds....I’m going John Galt.

[Grampa Dave]

0b0z0 and his anti America thugs have had these so called small business owners in their sights.

They will keep funding the Citibanks and other liberal run big businesses while serial killing the so called small business owners with more taxes, carbon credits and more paper work.

One of my younger relatives said that Rush discussed this targeting of small business owners this week. (I haven’t listened to Rush this week).

[Grampa Dave]

Good luck on finding a liveable country, not some third world dump, with a lower personal tax rate.

I’m not defending higher taxes. Friends and relatives who checked other countries often found 50% taxes as normal.

[quesney]

“Good luck on finding a liveable country, not some third world dump, with a lower personal tax rate...Friends and relatives who checked other countries often found 50% taxes as normal.”

What about these (first column)?:

http://www.heritage.org/index/ranking.aspx

[Grampa Dave]

By the time the VAT taxes and Social Security/Health Care taxes are added to the income taxe, these countries come up to about a 50% tax rate.

[willgolfforfood]

And folks, keep in mind this is a tax on INCOME. This is the tax you lose to the Federal Government - BEFORE THE FIRST NICKEL ACTUALLY GETS IN YOUR POCKET.

Now, add SS tax. What's left now, especially if you're self-employed, and pay both halves.

Don't forget Medicare/Medicaid. And that has no cap, unlike SS... which the Democrats want to remove that cap, anyway.

Throw in State income taxes, at least for over 40 states.

All this money comes out before you ever put that first nickel in your pocket.

So now, I guess we better spend some of that money. In most states - especially the states with no Income Tax (cough ** TEXAS ** cough) that probably runs about 8%... maybe even 10%. Sales tax is still tax - at tax on your income AFTER you break down and buy something.

So of the 40-45% of your base pay left AFTER INCOME TAX, you owe 10% of THAT amount for spending - on most items.

So why not "go Gault" and just buy nothing but food (and ammo) and save the rest? Congratulations: You're paying capital gains taxes on good stock trades, and paying incoming tax on the minuscule interest you make from CD's and passbook savings.

Go buy a car battery or tire - look at how many "fees" are included. Thank Heaven they don't tax that purchase also. Look at your cell phone bill, and/or your land line phone bill. How many dollars of "fees" (not taxes) are included. FCC access fees, Rural fee this, urban fee that, blah, blah, blah.

Had enough?

Folks, GOD ALMIGHTY never asked for more than 10%. Who do these mere mortals think they are, asking for 50% up to 80% of your gross pay in taxes?

[Munz]

>This is CRAZY!! <

this is Obamacare

[dragnet2]

Everyone keeps acting amazed and stunned over governments drive to control, tax and regulate everything they do..

Why do so many appear to be shocked and stunned when this has all been coming, long before Obama ever took office?

[lowbridge]

I’m a business owner an looking at ways to reduce staff and get smaller.

Start with the staff members that voted for Obama. And be sure to remind them why they lost their jobs.