Should the 50% tax burden be higher, lower, or about the same? (user search)
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  Should the 50% tax burden be higher, lower, or about the same? (search mode)
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Poll
Question: It should be...
#1
Higher
 
#2
About the same
 
#3
Lower
 
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Partisan results

Total Voters: 16

Author Topic: Should the 50% tax burden be higher, lower, or about the same?  (Read 2288 times)
David S
Junior Chimp
*****
Posts: 5,250


« on: December 21, 2004, 09:30:19 PM »

The 50% number sounds a bit high. This source http://mwhodges.home.att.net/mwhodges.htm puts total government spending at 43% of national income. He adds another 14% for the cost of complying with government regulations. I can't vouch for the data though.

Its way too high though.
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David S
Junior Chimp
*****
Posts: 5,250


« Reply #1 on: December 21, 2004, 11:46:43 PM »

In my case the taxes for which I have receipts took just under 30% last year. That includes federal income tax, Soc sec, state income tax, and property tax. It doesn't include sales tax, gasoline tax, or taxes paid by corporations which increased the costs of products I bought. It does not include the cost of complying with federal regulations which increase the costs of some products. Nor does it include fees for license plates etc.
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