Quote:
Originally Posted by tony286
But we have some of the lowest tax rates in over 50 yrs.
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That's what I keep hearing. And yet...I pay more in gasoline taxes at the pump than people did 50 years ago (remember that was going to take care of keeping our highways maintained...lol). I pay more local taxes then people did 50 years ago. I pay shit tons of state fees and licensing that is outrageous. I pay more property tax than people did 50 years ago too.
If I have it so good...then why am I sweating at the end of every month? Why did I have to cash in my entire retirement SEP plan to pay my taxes last year?
Yet...I make too MUCH money to get a break in any way.
I wonder how much tax I'm paying for every dollar I earn. Both income AND sales tax and hidden "taxes" in the forms of licensing and fees. I'd be willing to bet that out of every dollar I earned I don't actually get to keep very much at all.
The govt. is taking in so much revenue that it's mind boggling. And spending it even faster:
Notice that during the Bush years the federal revenue actually rose dramatically in 04, 05, 06, and 07 because the economy was roaring.
Then the crash of late 08 and 09 dipped it. Now it's going back up again.
Problem is...the govt. just won't stop spending money it doesn't have.