Monday, January 9, 2017

Tax fairness in the eye of the beholder

I have been thinking about this and the amount of taxes we are subjected to is amazing. I began thinking about taxes that normal people would owe and came up with the following list. I am sure that I am missing some taxes but think about how much money is at stake and also think about the complexity and time wasted filling out forms:

Federal Income Tax
State Income Tax
Local Income Tax ( some places)
Social Security Tax
Medicare Tax
State Sales Tax
Local Sales Tax
Real Estate Property Tax
Federal Estate Taxes
State Estate Taxes
State Inheritance Taxes ( some states)
Real Estate Transfer Taxes
Federal Gasoline Tax
State Gasoline Tax
Federal Cigarette Tax
State Cigarette Tax
Local Cigarette Tax
Federal Communications Tax

Feel free to add taxes to the list that I overlooked. But I think this give everyone a general idea about the level of over taxation and complexity we need to reduce. Imagine if all this effort was put to a more productive use.

Read the full article at High Plains Pundit.

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