The Economic Collapse
April 22, 2010
When you talk to most Americans about taxes, primarily what they think about is the U.S. government and the federal income tax. But while that may be the biggest tax that most Americans pay, the reality is that the truly insidious nature of the tax system in the United States is how it sucks money out of us in dozens of different ways until we don’t even feel it anymore. Instead of having one or two big tax bills, U.S. taxpayers face a “death by a thousand cuts” as tax after tax after tax just keeps coming. Most Americans don’t even realize how many kinds of taxes they pay. Before reading the rest of this article, try to estimate how many different kinds of taxes that Americans pay each year. Five? Ten? Twenty? Well, below we have listed over 50 different kinds of taxes that Americans pay. It is no wonder the Tea Party movement is growing so fast! People are sick and tired of constantly being financially drained by tax after tax. But even as you read this, members of the White House panel charged with reducing the U.S. national debt are considering recommending the adoption of a “European-style” Value Added Tax as a way for the U.S. government to bring in even more money.
Well, the truth is that millions upon millions of Americans are quite sick of being taxed into financial oblivion and they have one giant message for those who want to tax us some more….
“We Are Being Taxed Enough Already!”
Just consider the following list of the various types of taxes that Americans have to pay each and every year…..
Accounts Receivable Tax
Building Permit Tax
Capital Gains Tax
CDL license Tax
Corporate Income Tax
Court Fines (indirect taxes)
Dog License Tax
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel permit tax
Hunting License Tax
Inventory tax IRS Interest Charges (tax on top of tax)
IRS Penalties (tax on top of tax)
Local Income Tax
Marriage License Tax
Real Estate Tax
Recreational Vehicle Tax
Road Toll Booth Taxes
Road Usage Taxes (Truckers)
Septic Permit Tax
Service Charge Taxes
Social Security 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
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft registration Tax
Well Permit Tax
Workers Compensation Tax
When you add all the taxes together, a significant percentage of Americans end up paying well over 50 percent of their income in taxes of one form or another.
And the list above does not even include all of the new taxes that are in the new health care law that was just rammed down the throats of the American people.
When you add up all the taxes in that bill, it amounts to the largest tax increase in the history of the United States.
But if you enjoy being taxed until you are dry then none of this should bother you.
Sadly, according to an official U.S. government report, even with all of this taxation rapidly growing interest costs on the national debt together with spending on major entitlement programs such as Social Security and Medicare will absorb approximately 92 cents of every dollar of federal revenue by the year 2019. That is before a penny will be spent on anything else. Because of our reckless financial insanity, the U.S. government is now facing a financial crisis of unprecedented magnitude.
But whatever we end up giving to the federal government just never seems to be enough. It’s voracious appetite for spending just seems to multiply the bigger it gets.
The really tragic thing is that the U.S. federal government is not just spending our money. It is spending the money of our children and our grandchildren and of our great grandchildren.
We are being taxed into oblivion and yet the U.S. government apparently has no shame in stealing increasing amounts of money from future generations year after year after year.
Do you think that the U.S. federal government will one day wake up and decide that we are being taxed enough already?
The truth is that unless we vote out all of the Republicans and all of the Democrats that have been taxing us to death, they will keep right on doing it.
We deserve better and future generations deserve better.
This article was posted: Thursday, April 22, 2010 at 4:28 am