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Do you know how much you actually pay in Taxes?
Not how much your return is, not how much your return was, how much you paid.
Most people have no Idea.
The whole system is designed so you don't know.
Look at your stub, and add the following:
FICA
Social Security
income tax withholding
Capital Gains (if you had any)
and then subtract your rebate (if you had one) or add if you owed.
6 Answers
- zzoneLv 71 decade agoFavourite answer
I know exactly what I pay in taxes, always have and always will know.
The problem with such a "stimulus" is that it's usually too little, too late. And it merely takes money from one taxpayer's pocket and puts it in another's. That's not a stimulus; that's a shell game. It adds a flurry of short-term activity, but doesn't boost output.
What should Congress and the president do? The best thing would be to make sure the tax cuts put in place by Bush in 2003 don't expire in 2010. To get this, if Republicans must, they should trade off the short-term stimulus that Democrats want for the long-term stimulus America really needs.
Some 15 separate taxes are set to rise in 2010 — hitting Americans with at least $200 billion a year in added taxes. That would sink the economy.
Making Bush's cuts permanent, according to economists Tracy Foersch and Ralph Rector, will add $76 billion each year to GDP, create 709,000 jobs and lift personal incomes by $200 billion. Sounds like genuine stimulus to us — stimulus for the long haul.
- PaladinLv 71 decade ago
and thats just income taxes; about 40% of my phone bill is taxes and governmental fees.
There are hidden taxes everywhere
- Anonymous1 decade ago
you didn't mention sales taxes, property taxes, city taxes, county taxes, state taxes and a billion other assorted fees...
it's a lot... but I haven't heard any better ideas...
- eglonrLv 51 decade ago
10%flat tax ...just like everyone else....beeb beeb beeb beeb beeb .......oh wow ....i was having the greatest dream
i'm a big fan of the barter system as well
- STS1SSLv 41 decade ago
I pay nothing.
you should also include all sales taxes etc. if you want to be thorough.