Imagine you make $100k
You pay directly $10k in federal income taxes
Another $7500 in FICA
Perhaps $5k in state income tax
That is 22.5%, right off the top...
But wait - do you own a car? A house?
My property taxes, for houses, cars, etc, last year totaled $20,000
42.5%
Now, imagine you spend the meager 57.5 % the government allows you to keep ...
It gets taxed. Fuel taxes, sin taxes, taxes on the business you by from, taxes, taxes, taxes,
And GE don’t pay those taxes - you do. Actually, GE pays no taxes at all.
So we get somewhere between 60 and 75 %.
That is how I see it. The final number of 40% or 50% or 75% (75 is stretching it a little) depends on many things but if you have cable tv,a landline, a cell,internet, a car or two and a house you are paying one hell of a lot of taxes.
Throw in all the other things you do every day that are taxed its easily 40%.
In other words we are real close to paying half our wages to the kind so he can wage war across the globe slaughtering tens of thousands if not hundreds, murder babies in the womb support entire families that refuse to work a day in their lives and hire state workers whoes lifestyles are the envy of tens of millions of public workers.
Oh yeah the majority of the state workers and welfare bums hate us with a passion