State & local sales tax 7.75 percent, pretty visible to meIf it was 7.75% and pretty visible, you should be able to tell me how much you gave your state government last year in sales taxes.
And what is that percent? Is that computed on your 1040 or do you and everyone else have to make those computations to know what percent they paid in taxes?
"Hidden" corporate taxes are a different story, partly because nobody how much (if any) of what I pay in prices is corporate taxes. But also because I don't have a good accounting of how much I spent last year.
Precisely the point, no one really know the amount of hidden taxes they paid, thus they are hidden..why? Why don't you have a good accounting of what you spent last year? Did you deduct state taxes you paid off your federal income taxes? Do you file a short form? Wouldn't it be prudent to have a budget and know your income and expenses for a year? How about your beginning net worth and ending net worth? Are you getting ahead or behind?
State & local sales tax 7.75 percent, pretty visible to me If it was 7.75% and pretty visible, you should be able to tell me how much you gave your state government last year in sales taxes.
Yes I gave the state government 7.75% of taxable purchases in sales taxes. I cannot compute how much I paid in hidden taxes, and is one of my complaints with the present system. The cost of government should be visible to those paying for it and not hidden. I am not free to decide how much to pay the government, where a visible tax based on consumption would allow me that FREEDOM.
Obviously a no brainer for you. You don not pay one flat percentage on your income - It's a GRADUATED TAX ! Try checking you little IRS book and look at the tax tables.