Taxes.. How much is TOO MUCH?

Discussion in 'Politics' started by Lumpy 1, Apr 11, 2010.

  1. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    According to this article on average it takes 99 days to pay this year's tax obligations at the federal, state and local levels. This doesn't include all the tricky little fees and so forth thrown in.

    It's different depending on your income..etc for example the total tax percentage paid by the above average (US citizen, 2005) - 54.4% and the Tax Foundation's numbers are closer to 34% for the actual "average" US citizen.

    So anyway... How much is too much?
    --------------------------
    Tax Freedom Day will arrive on April 9 this year, the 99th day of 2010, according to our annual calculation using the latest government data on income and taxes. Americans will work well over three months of the year—from January 1 to April 9—before they have earned enough money to pay this year's tax obligations at the federal, state and local levels.

    This year's Tax Freedom Day is one day later than in 2009, but more than two weeks earlier than in 2007. The shift toward a lower tax burden since 2007 has been driven by three factors: (1) The recession has reduced tax collections even faster than it has reduced income; (2) President Obama and the Congress have enacted large but temporary income tax cuts for 2009 and 2010, just as President Bush did in 2008; and (3) Two significant taxes were repealed for 2010 as part of previous legislation, the estate tax and the so-called PEP and Pease provisions of the income tax.

    Despite all these tax reductions, Americans will pay more taxes in 2010 than they will spend on food, clothing and shelter combined.

    The Tax Foundation - America Celebrates Tax Freedom Day®

    How much tax do we really pay?
     
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  2. uscitizen
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    uscitizen Senior Member

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    How much is America worth?
     
  3. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Well, apparantly for 50% of the population, there can NEVER be too much taxes!
     
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  4. WillowTree
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    WillowTree Diamond Member

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    Libruls will happily tax you at 90% then add a VAT..
     
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  5. uscitizen
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    uscitizen Senior Member

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    Everyone in America should be proud to pay above average taxes.
     
  6. WillowTree
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    WillowTree Diamond Member

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    then splain to us why demorats are so reluctant,, is it cause they hate America?
     
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  7. Ame®icano
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    Ame®icano Gold Member

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    Wondering what would be ethnic background of those 50%.
     
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  8. VaYank5150
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    VaYank5150 Gold Member

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    Which would have what to do with what?
     
  9. uscitizen
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    uscitizen Senior Member

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    Everyone who does not yearn to pay above average taxes hates America.
     
  10. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    :eusa_doh:....:eusa_doh:
     
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