http://online.wsj.com/article/SB10001424052748703558004574579932066655144.html
The Tax That Won't Die
When are taxes too much?
Let's see. If you actually still have a job, and earn money, there are taxes for working and earning money. If you decide to own your own home, there are taxes on that. If you decide to not spend your money, but save it, there are taxes on any earnings you money may produce. If you decide the economy is so horrible it is not worth saving or investing and you want to spend your money, there are taxes on spending. If you are still alive and want to give large amounts of money to friends and relatives there are taxes on that. If you die and want to leave money to friends and relatives there is a tax on that.
Did I leave out any taxes?
In the United States, Tax Freedom Day is April 13, 2009. This means, that if you still have a job, you need to work full time from January 1 to April 13 to pay for all the taxes before you can actually expect to have any money for yourself.
On average, 25% of all your earnings to go taxes. With the way the government continues to raise taxes, one of these days you will be better off going on welfare rather than working.
Aren't you glad that soon, work will be a 4 letter word.
Friday, December 11, 2009
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