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To: ARCADIA
The income tax is only 1 of the mechanism by which the Federal government empties your wallet, there are thousands of others and most of those are regressive.

Here are a few:
1. FICA taxes a big chunk of their first $90K in wage income.
2. Property taxes hit them harder than lower income folks as these high income people tend to own larger and much higher-valued properties.
3. Sales taxes, while to some extent are regressive, also hit higher income people harder as they tend to spend a higher amount on taxable goods than those with lower income. (Besides consumption taxes are SUPPOSED to be a factor of consumption and not a factor of income or wealth.)
4. Higher income earners also tend to have more income from dividends and investments, which also means the soak-the-rich crowd also gets to enjoy the fact that they are double-taxed on these items.

14 posted on 04/28/2006 1:13:02 PM PDT by VRWCmember
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To: VRWCmember

Class envy is alive and well in this country. How long before the producers have had enough of carrying everyone else and they shrug?



Let's not forget the lovely AMT.


15 posted on 04/28/2006 1:25:25 PM PDT by socialismisinsidious ( The socialist income tax system turns US citizens into beggars or quitters!)
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To: VRWCmember

There are other ways - less well recognized, but just as effective in draining bux from you.

One is the hidden taxes that are embedded into the prices of everything that we buy. This in no way means payroll/withholding taxes but means the income taxes that businesses pay as well as compliance costs. These all must be paid for and that's done by increasing prices to take up the slack.

A second way to "tax" the unwary without them knowing it is actually managing of the money supply by the Federal Reserve so that it keeps inflation creeping upward just a bit each year for year after year. This inflation is merely another type of hidden tax and it is purposely done rather than being some force of nature.


16 posted on 04/28/2006 1:27:53 PM PDT by pigdog
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To: VRWCmember

bump for later


23 posted on 04/28/2006 2:14:58 PM PDT by Centurion2000 (Every man must be tempted, sometimes,to hoist the black flag, and begin slitting throats.)
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To: VRWCmember; pigdog

Don't forget personal property taxes. In CA, you not only pay a Sales Tax when you purchase a vehicle, but a tax every year you own it that is based on the value of the vehicle. High value, high tax every year. Also high insurance cost -- and the insurance bill contains taxes.

Also don't forget that wealthier people tend to purchase high-end products. High-end products were more profitable for the producer, and therefor the producer paid more income tax. That income tax got embedded into the purchase price. Lower-profit items contain lower-embedded taxes.

It goes on and on. The more you look at taxes at every level of government, you realize how skewed they are in true Marxist fashion to place the burden of society on those "who can afford it".

Even the "regressive" cry about SS taxes is false since the eventual benefits paid out show those contributions were a horrible investment for poeple at the top end and a good investment at the low end.


24 posted on 04/28/2006 2:17:47 PM PDT by Kellis91789 (I don't make jokes. I just watch the government and report the facts. --Will Rogers)
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