Currently, I get to take home a grand total of about 52 cents of every dollar earned after all the levels of government (plus my current 401K contributions) take their bite. Plus I am paying taxes on all the social security I am having confiscated.
Plus, I earn a pretty average household income. How much does the average retiree have deducted from their checks? I'm guessing that it isn't anywhere close to 48%.
ping