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What part of your dollar goes to taxes.?
If you spend a dollar in the United States how much of that dollar goes for taxes.
First consider this.
you pay income tax on your earnings, then you pay sales tax on your spending, but wait the person who gets your dollar pays tax on earnings and spending, then the next guy and so on, Does this mean that all money is tax money over and over? If so is any money not tax money? Do we all work for the government only?
4 Answers
- 1 decade agoFavorite Answer
The whole thing...well it feels like that.
In all actuality most of our money is taxed and taxed again. And the left want to tax it even more.
- WitchyLv 71 decade ago
Overall, about 50 cents of a dollar. That's all taxes--federal taxes, Social Security, Medicare, state taxes, city taxes, school taxes. property taxes, gas taxes, excise taxes, license and registration taxes, utility taxes, etc. as well as all of the taxes embedded in the things that we buy.
This is why I support the Fair Tax proposal.
- Dave RLv 51 decade ago
You're quite right. But. . , oh boy.
It's actually far, far (FAR) worse than that.
This film is one of the best explanations for how the money system *actually* works. It's a must-see for everybody today, because this applies not just to the U.S., but to every industrialized nation. . .
http://video.google.com/videoplay?docid=7065205277...
Cheers!
