My Purpose as expressed by those with more eloquence than I

“I must study politics and war that my sons may have liberty to study mathematics and philosophy. My sons ought to study mathematics and philosophy, geography, natural history, naval architecture, navigation, commerce and agriculture in order to give their children a right to study painting, poetry, music, architecture, statuary, tapestry, and porcelain.”

- John Adams

"These are not the vapors of a melancholy mind, nor the effusions of envy, disappointed ambition, nor of a spirit of opposition to government, but the emanations of a hear that burns for its country's welfare. No one of any feeling, born and educated in this once happy country, can consider the numerous distresses, the gross indignities, the barbarous ignorance, the haughty usurpations, that we have reason to fear are meditating for ourselves, our children, our neighbors, in short, for all our countrymen and all their posterity, without the utmost agonies of hear and many tears."

-John Adams

"I do not stand here as advocate for any partisan cause, for the issues are fundamental and quite beyond the realm of partisan consideration. They must be resolved on the highest plane of national interest of our course is to prove sound and our future protected. I trust, therefore, that you will do me the justice of receiving that which I have to say as solely expressing the considered viewpoint of a fellow American. I address you with neither rancor nor bitterness...with but one purpose in mind - to serve my country."

-General Douglas MacArthur

Sunday, April 3, 2011


How much tax do we really pay?



ItemRateNotes
Federal personal income tax 17%
(2011 est. - 18.2%)
Top 25% rate. It ranges from a credit up to well over 40%. Source
State & local income taxes 10.1%
(2009 - 10.6%)
State taxes range from under 6% to over 12%. Local taxes run from zero to 2.75%. Source, source, source, 2009 source
Sales tax 9.7%
(2009 - 10.3%)
Figure is the average rate. State sales taxes range up to 8% and local taxes run from zero to over 5%. Source, source, source, 2008 source, 2009 source
Social security & Medicaid 7.65% Total rate is actually 15.3% since half is paid by the employer, but we're ignoring that to be kind. Source, box 1
Federal corporate income tax share 3% Based on corporate taxes being approximately 1/6 of personal taxes, and that they are paid by individuals in the final analysis. Source
Property tax 2.5%
(2007 - 2.7%)
Yearly average actual costs range from under $200 in Alaska to almost $1900 in New Jersey. Source
Fuel/gasoline tax .5%
(2009 est. - .6%)
Approximately 23% of the 2005 gasoline price is for federal & state taxes. The federal excise tax is 18.4 cents per gallon. Per the CPI, about 6% of the average budget is for transportation. Estimated. 2010 estimate, $.45 per gallon average. Source
Other 5%
(2009 est. - 7%)
Includes estate tax, fees, licenses, inflation losses, inheritance, deficit allowance, gift, and others too numerous to mention. Estimated.

Total tax percentage paid by the above average US citizen, 2005 - 54.4%

Total tax percentage paid by the above average US citizen, 2009 est. - 57.7%



Note 1: the total tax paid is closer to 46-48% (2009, 47-50%), since the figures above do not distinguish between taxes on gross and net income, nor do they adjust for tax planning. Note also that the Tax Foundation's numbers are closer to 34% for the actual "average" US citizen.

Note 2: Inflation effects are likely quite understated - if actual inflation is 6% and one is only earning 4%. the tax rate is not the main issue.

Note 3: This page is not intended to be definitive and completely accurate on tax rates and issues - to do so would be virtually impossible considering all the factors. Its primarily intended to show a fuller picture than is normally presented.


A partial list of the various ways in which citizens of the US are taxed:

  • Accounts Receivable Tax
  • Building Permit Tax
  • Capital Gains Tax
  • CDL license Tax
  • Cigarette Tax
  • Corporate Income Tax
  • Court Fines (indirect taxes)
  • Deficit spending
  • Dog License Tax
  • Federal Income Tax
  • Federal Unemployment Tax (FUTA)
  • Fishing License Tax
  • Food License Tax
  • Fuel permit tax
  • Gasoline Tax
  • Hunting License Tax
  • Inflation
  • Inheritance Tax Interest expense (tax on the money)
  • Inventory tax IRS Interest Charges (tax on top of tax)
  • IRS Penalties (tax on top of tax)
  • Liquor Tax
  • Local Income Tax
  • Luxury Taxes
  • Marriage License Tax
  • Medicare Tax
  • Property Tax
  • Real Estate Tax
  • Septic Permit Tax
  • Service Charge Taxes
  • Social Security Tax
  • Road Usage Taxes (Truckers)
  • Sales Taxes
  • Recreational Vehicle Tax
  • Road Toll Booth Taxes
  • School Tax
  • State Income Tax
  • State Unemployment Tax (SUTA)
  • Telephone federal excise tax
  • Telephone federal universal service fee tax
  • Telephone federal, state and local surcharge taxes
  • Telephone minimum usage surcharge tax
  • Telephone recurring and non-recurring charges tax
  • Telephone state and local tax
  • Telephone usage charge tax
  • Toll Bridge Taxes
  • Toll Tunnel Taxes
  • Traffic Fines (indirect taxation)
  • Trailer Registration Tax
  • Utility Taxes
  • Vehicle License Registration Tax
  • Vehicle Sales Tax
  • Watercraft Registration Tax
  • Well Permit Tax
  • Workers Compensation Tax

3 comments:

  1. Wow! You are doing amazing with this! Nice work!

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  2. This comment has been removed by the author.

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  3. I agree, your blog is very informative and also funny!

    ReplyDelete