BulletProof
Silver Member
- Jul 27, 2017
- 2,659
- 214
hmmm I didn't think it was that bad, but yea, the gov's been nickle and dimeing folks pretty bad.
Most people are unaware of how heavily they're taxed. They get a federal refund of withholding and feel like they're paying nothing.
I offer that the tax on many low income people exceeds 50%. There's a 15.3% tax on every dollar you earn, but only half of it is shown on your pay stubs. Inflation (which is caused by the government printing money) is a tax on money we hold. Then there's sales tax, state and federal income taxes, and misc. other taxes. Think about it if you have a very low income and have to pay $1000 in property taxes for your modest home.