alan1
Gold Member
I posted this on another message board a few years ago, I just thought I'd post it here to. Some of the numbers have gone up since I originally posted it. None of them have gone down.
Federal Income tax 19%
Social Security Tax 6.2% (plus my employer pays 6.2%) total 12.4%
Medicare Tax 1.45% (plus my employer pays 1.45%) total 2.9%
State Income tax 7.5%
Sales tax on purchases 7.5%
Property tax on house value 1.1%
Property Tax on vehicles (3) 1.6%
Registration fee on vehicles (3) 0.8%
Required annual state inspection on vehicles (3) $138.00 ($46.00 each)
Estimated annual taxes on my phone bill $162.00
Estimated annual taxes on gasoline $1448.00
Estimated annual tax on cigarettes $1250.00
Estimated annual tax on alcohol $1500.00
Im sure I forgot some hidden taxes.
The first 4 equal 41.8% of my income.
It is official. The government makes more money off me than I do.
Federal Income tax 19%
Social Security Tax 6.2% (plus my employer pays 6.2%) total 12.4%
Medicare Tax 1.45% (plus my employer pays 1.45%) total 2.9%
State Income tax 7.5%
Sales tax on purchases 7.5%
Property tax on house value 1.1%
Property Tax on vehicles (3) 1.6%
Registration fee on vehicles (3) 0.8%
Required annual state inspection on vehicles (3) $138.00 ($46.00 each)
Estimated annual taxes on my phone bill $162.00
Estimated annual taxes on gasoline $1448.00
Estimated annual tax on cigarettes $1250.00
Estimated annual tax on alcohol $1500.00
Im sure I forgot some hidden taxes.
The first 4 equal 41.8% of my income.
It is official. The government makes more money off me than I do.