Whoa - - -a blog, man!............OK, we've all seen them. Now here is one for us to share whatever a bunch of music/food junkies tend to write.
Cheers, -Karl
posted by Karl at 9:05:00 PM
3 comments
Whoa - - -a blog, man!............OK, we've all seen them. Now here is one for us to share whatever a bunch of music/food junkies tend to write.
Cheers, -Karl
posted by Karl at 9:05:00 PM
3 comments
3 Comments:
I'm presently in the middle of incorporating in an attempt to eek my way out of some added payroll taxes that I'd otherwise be required to pay as a sole proprietorship. I'm painfully aware as to how much Uncle Sam is willing to dip into my personal earnings. What most fail to realize is how much the government actually takes from the average U.S. citizen each year. Has anyone come across any hard numbers? I’d be interested in seeing some. For low-income folk like me, I believe income tax is around 36%-38% (this includes payroll taxes, Medicare, FICA, Social Security, etc.). Okay, so there’s the initial cut. Want to drive somewhere? You’ll pay 40.4 cents per gallon in gas tax in Minnesota. Buy a candy bar at the gas station (or anything for that matter) and you’re slapped with 6.5% sales tax. Anyone who owns property knows first-hand the hit you take in property taxes. Think about the double and triple tax you pay after everyone in the supply chain (say for your candy bar, i.e. peanut farmers, cocoa suppliers, sugar refineries, etc.) pays their taxes and then passes the markup along to you at the point of purchase. I wonder if someone has calculated the average % rate of tax burden carried by U.S. residents.
2/09/2005 09:36:00 AM
In light of the hefty taxes that we pay, does not anyone else besides me find President Bush's concept of personal/private accounts like a breath of fresh air? I mean, what is everybody (i.e., the media) so afraid of? Do they really believe that an enormous bureaucratic structure (i.e. the government) is able to take care of my returment funds better than we as individuals can? Admittedly, the Bush admin.'s plan is revolutionary & will incite some serious upheaval - but might it be an antidote to all of this excessive taxing.
2/09/2005 12:24:00 PM
Admittedly, the security IS taken out of social security. But then again, so is SOCIAL. (Because he's obviously proposing a privatization of funds.) So, he's abolishing social security, not reforming it. As far as I'm concerned, so much the better. ; )
2/11/2005 06:34:00 PM
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