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To: justshutupandtakeit
You are not being taxed at a 57% rate on 55,000 income.

Hmmmm.

Income tax.
Sales tax.
Property tax.
State income tax.
Gasoline tax.

And the not really a tax taxes:.
Fees.
FICA.
Bond debts.
Costs of regulations.
Special assesments.

Indirect taxes passed on to the consumer:
Tariffs.
Inventory tax.
Compliance costs.
Payroll tax.

57% is probably pretty close. Maybe low?

55 posted on 01/10/2005 8:08:10 AM PST by null and void (I refuse to live my life as if someone, somewhere will be offended if I laugh...)
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To: null and void

Nope not even close. Not even in a High Tax paradise like Chicago do I pay that. I would estimate that I pay 30% in taxes at worst.

"Cost of regulation" is not a tax in any case.

Exaggeration of the tax burden is not a good way to effectively argue against taxes.


61 posted on 01/10/2005 8:38:18 AM PST by justshutupandtakeit (Public Enemy #1, the RATmedia.)
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To: null and void
57% is probably pretty close.

There was a thread a while back about the fair/flat tax, and a politico actually ADMITTED that was the combined tax rate!

Wouldn't you know, I didn't bookmark it. :(

65 posted on 01/10/2005 8:47:51 AM PST by MamaTexan ( The foundation of a Republic --- Man owes obedience to his Creator, NOT his creation)
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