Tuesday, August 6, 2013

Is a 100% taxation rate an unrealistic expectation?

 Really, if there is no definable threshold of taxation....where does it end? why do we get away with the current realized average rate of 59% ? I know that sounds illogical....

..but look here : http://www.nowandfutures.com/taxes.html 



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

We have been hinting to the broad dependence our governments have created at all socioeconomic levels form below the defined poverty level to the uber rich, to local and state governments. We are all now revenue sharing in one way shape or form. If we can sustain 59%, why would 80% or 100% be unfeasible?







 A progressive dream of complete socialization of all aspects of our organic economy top to bottom is a succinct possibility if we stay on this course of broad entitlement.




1 comment:

  1. Most governments will not recognize a threshold, a tipping point. when demographics and economics no longer match the governing model.

    http://www.governing.com/gov-data/municipal-cities-counties-bankruptcies-and-defaults.html

    ReplyDelete