31%
The Geek presents his Tax Rage Pie, of which Michelle Obama wants a bigger piece.
Remember, I do this to entertain me, not you.
Uncle Pays the Bills
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February 10th, 2009 at 10:50 am
I pay way more than 31%. If you add up Fed, State, sales, and every other tax and fee the .gov can come up with I pay 45% of my income in taxes. They dumped the tea in the harbor for a lot less.
February 10th, 2009 at 5:43 pm
Only 31 percent? I say he’s in error. Add all payroll taxes (both sides of them), property taxes, state sales and income taxes, excise taxes, any alcohol, tobacco or firearm taxes, fuel taxes, vehicle registration and driver licensing, et al. I say it’s at least 50%.
Most people have no idea how much they pay.
If you’re self employed and making money; Take, what 35% off the top in actual “income tax? Then add the “self employment tax” of 15%. That’s 50% right there, and we’ve barely started. How much is your state sales tax? Add 6% to 10% or more right there, etc. How many of you have any idea what you pay in taxes on a gallon of gasoline? Excise tax on tires? How many know what they pay in property taxes, or do you just make your mortgage payment without thinking about that?
Then there are the massive costs of government restrictions, government meddling in the economy, the out-of-control litigation costs imposed on business, and the costs of the simple fear of out-of-control litigation, that we don’t consider “taxes” but which are costs imposed on all of us by government none the less. Those are incalculable, but I maintain that they are far in excess of the actual taxation.
But I don’t expect most people to have even a hint of what I’m talking about unless they’ve run a business of some kind.
February 11th, 2009 at 11:43 am
>>Only 31 percent? I say he’s in error… {laundry list of hidden, cumulative, and cascade taxes follows}
That’s a fairly common response.
The chart includes first order of consequence taxes for which I am directly liable, and for which I have hard data from my files to demonstrate.
This includes federal and state income taxes, social security tax, property tax, and medicaid tax.
It does not include the various gas, sales or other consumption based first order of consequence taxes for which I am directly liable, because I did not want to pollute the chart with estimated data. If we want to make a rough estimation, yanking 5% from all expenditure categories and transferring to the tax category, this renders a figure of 33% tax, and fractionally divides the overall 2% difference among the applicable categories.
I recognize the impact of 2nd+ order of consequence, hidden and cascade taxes, but I have no expedient means of representing them in this simple chart that doesn’t degenerate into voodoo.