Quote:
Originally Posted by mpolli
The US has among the lowest tax rates in the world, for an industrialized nation. Singapore is lower. Federal taxes are the least of most people's taxes. Why are people protesting the Fed Gov't? You want no taxes and no gov't? You want NO military?
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Federal taxes maybe the lowest on paper, although then why do people AND corporations use offshore tax havens, create offshore subsidaries etc to move the tax burden away from the US.
And again "Taxes" may be low, but remember there is a fee for everything, they aren't taxes right ?
And what is the overall tax rate
Total your Federal, State, Sales Tax add in all thouse fees, property tax, figure 20 % of your phone, Cell phone, electric and gas are taxes.
What % of your gasoline is taxes ?
If you go through the numbers the overall tax burden is not what they tell us.
Deduct that from your income and what % are you really paying.