151 Taxes in a Loaf of Bread

[nametrader]

If people need any more concrete explanation of this, start with the staff of life, a loaf of bread. The simplest thing; the poorest man must have it. Well, there are 151 taxes now in the price of a loaf of bread — it accounts for more than half the cost of a loaf of bread. It begins with the first tax, on the farmer that raised the wheat. Any simpleton can understand that if that farmer cannot get enough money for his wheat, to pay the property tax on his farm, he can’t be a farmer. He loses his farm. And so it is with the fellow who pays a driver’s license and a gasoline tax to drive the truckload of wheat to the mill, the miller who has to pay everything from social security tax, business license, everything else. He has to make his living over and above those costs. So they all wind up in that loaf of bread. Now an egg isn’t far behind and nobody had to make that. There’s a hundred taxes in an egg by the time it gets to market and you know the chicken didn’t put them there!

[nametrader]

It’s from 1975 Ronald Reagan’s great quote on how there are 151 taxes in a mere loaf of bread.

[allmost]

I used a double cheeseburger, 99 cents at the time, to explain this to my son. Very relevant now with these faux tax cuts obama it spouting on about. What good is $13 a week in someone’s check if the taxes on process chain of every single thing you would ever want to buy goes up? He and I need to revisit that talk now that a double cheeseburger is $1.19 here...

[Man50D]

The embedded corporate federal income taxes businesses consider a cost and pass onto the consumer can be removed by passing The Fair Tax Act(HR25/S296). The Fair Tax Act will eliminate all federal income taxes and abolish the IRS.

[allmost]

it = is, more coffee...

[DustyMoment]

What good is $13 a week in someone’s check . . . .

I hope that you have taken proactive steps to ensure that you don't pay a penalty next tax year for what you acurately describe as zero's "faux tax cut".

The "tax cut is a smoke ' mirrors game. Nothing has been cut. The witholding tables have been tinkered with to take $13 less per week from everyone's check, but the tax rates for 2009 are unchanged. So, everyone who doesn't increase their witholding to offset the tax "cut" will be paying taxes on that $13/week next year.

A lot of taxpayers are in for a nasty shock next tax season.

[allmost]

It is labeled as credit isn't it? Which would leave everyone receiving it liable for tax penalties who would otherwise ‘break even’. I see audits from the IRS going up substantially. One of the few realms of ‘law’ the dems are willing to happily enforce on the common citizen is confiscation of their funds.

[DustyMoment]

One of the few realms of ‘law’ the dems are willing to happily enforce on the common citizen is confiscation of their funds.

True fact. One of the things that zero has brought to the center of our attention is that it's ok for Dems to not pay taxes, but God help any conservative who doesn't pay theirs . . . . . . . . . and 3 other people's!!!



(Idea for the next Tax Day Tea Party - How about conservatives NOT pay their taxes next year?? If it's ok for the Dems, aren't we entitiled to equal treatment??)

[gkarlin]

To help gain on the momentum of the Tea Party spirit and the Fair Tax, or just to check it out if you are curious, please check out my friend Marilyn Rickert’s website - http://www.fairtaxnation.com.