Economic impact of taxes (how much, cost, dollar, compared)
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Taxes impact the overall economy and the ability for the average person to survive much more than most people realize.
In order to fully appreciate this fact, you first need to realize that direct taxes (federal income tax, social security, state income tax, property tax, sales tax, excise tax, gas tax, utility tax, and the several taxes which are disguised as fees ) are only one part of your overall tax burden.
The other part of your tax burden is indirect taxes. These are taxes you pay without necessarily knowing you are paying them.
These include all the taxes (payroll, property, fuel, etc.) paid by retailers, shippers, distributers, manufacturers, farmers, utilities, and every other business which substantially adds to the cost of items which is ultimately paid by you the end user.
It is estimated that this kind of indirect tax for example adds as much as $10,000 to the price of an average automobile.
Ironically you will then pay sales tax again on that $10,000 of added tax cost.
When you extrapolate this phenomenon to include every product and service you purchase and begin to realize that these indirect taxes have a compounding effect every time a product changes hands, you begin to realize the impact on the economy overall.
By some estimates, more than 65% of every dollar earned by the average person goes to paying some kind of direct or indirect tax.
It is little wonder then, that so many people today struggle to simply survive, and are put in a position of needing to turn to government for charity just to eat.
Government in fact taxes people into poverty, and then in turn makes those same people dependent on government for their basic needs.
Taxes impact the overall economy and the ability for the average person to survive much more than most people realize.
Taxes impact the overall economy and the ability for the average person to survive much less than most people realize. The real driving force in the economy is the Federal Reserve lending money into existence.
All the money that is taxed was originally created by the Fed, in the form of loans. Their decision of how much money to create, and on what terms, impacts our economy far more than taxes. We have approximately $60 trillion in outstanding dollar-denominated private sector loans.
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By some estimates, more than 65% of every dollar earned by the average person goes to paying some kind of direct or indirect tax.
Any idiot can make up an estimate. By some estimates, the world is going to meet its fiery end next Tuesday.
The only way to avoid most taxes is to be self-sufficient... something the government does NOT want you to be... ironically, it is EVENTUAL... when space travel and colonization of worlds occurs, humanity will be free from the yoke of government... not that they won't try to take from you... they will try, but space is vast...
Government in fact taxes people into poverty, and then in turn makes those same people dependent on government for their basic needs.
Yes, that is true and the growth of government has been astronomical. For example, government spending as a percent of GDP has grown from 7% to over 40% in the past 100 years.
Then why do some of the least taxed areas in the country also have higher than average poverty rates?
Because if they had higher taxes they would be even worse off.
Wealth is mobile. If people do not think they are getting a fair bang for their buck, they can vote with their feet and wallet by moving away.
High tax areas have the biggest class divisions, the least class mobility, less growth, and surprisingly less tax revenues (due to the economic activity they chase away or underground).
Unfortunately, economics is not that simple as there are hundreds of other factors involved. But you know that.
I made an easy to understand pop up book for it. The first one is a hand that pops up and dangles towards the reader's pocket. The second one hits you in the face and shows a bill for the service.
Because if they had higher taxes they would be even worse off.
Wealth is mobile. If people do not think they are getting a fair bang for their buck, they can vote with their feet and wallet by moving away.
High tax areas have the biggest class divisions, the least class mobility, less growth, and surprisingly less tax revenues (due to the economic activity they chase away or underground).
What are high taxes? Compared to zero, isn't 1% a high tax?
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