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You are lucky if you lose only 20% of your paycheck to income taxes, by the way. Many people I know, lose much more of their slavery hours to taxes.
Originally posted by svpwizard
Has anyone ever really figured up how much tax we actually pay?
Suppose for the sake of argument we take $100 bill ....
$100 - minus federal and state and other assorted taxes
??? - minus what we buy to Survive off like food?
??? - minus the taxes we pay for services like phone, electric etc
??? - minus assorted other taxes before its gone?
I really think we are in the area of 70% tax on it or am I just thinking wrong on this ?