- A recent research report found that the Federal government annually loses $129 billion in its social support programs to criminal fraud.
- The cities of Los Angeles and San Francisco together put together $1.5 billion in taxpayer wealth to try to help the homeless populations in their cities and audit reports and reality have shown that they failed miserably in doing so, resulting in far fewer housing units than promised being established and those that were established were done so at an astronomical cost per unit.
- And of course, the biggest waste and failure of government expenditures, the 20 year fiasco in Afghanistan. The American political class placed our armed forces in the country in 2001 to rid the country of terrorist cells and remove the Taliban from running the country. Twenty years and one trillion tax dollars later, the Taliban are back in control and the country is now the home to terrorist cells.
Another post discussed a study done by using Department of Labor Statistics tracking and found that in many states across the country, long time residents of those states pay almost 50% of their earnings to taxes at all levels of government. Think about that relative to my original home state of New Jersey: the study found that long time New Jersey residents can expect to handover over 49.5% of their earnings to cover their local, state, and Federal government tax assessments and that they will pay, on average, almost a million dollars during their working lifetime in taxes. I can guarantee you that those New Jersey taxpayers are not getting a million dollars back in benefits.
Paying half of what you earn in taxes is a form of economic slavery. Plus, paying so much in taxes reduces your economic freedom which impacts your quality of life. Think about what a New Jersey resident could have done with that near million dollars in taxation:
- They could have sent their kids to better schools.
- They could have started their dream business.
- They could have contributed more to their favorite charities.
- They could have gone on better vacations, ate better meals, lived a better life.
Charlie Reese was once a writer at the Orlando Sentinel newspaper. He once wrote a long essay which laid out how only 500 or so members of Congress have screwed up this country and have increased the taxation burden on all of us with few benefits in return. We have already posted that essay in the following post:
What we did not include in that post was his comprehensive list of taxes that the American political class has imposed on us over time. Remember, many, if not all, of these taxes did not exist a hundred years ago. And you know what? The country and government got along quite nicely without these taxes.
But over time, the American political class, in their never ending quest for power and control, came up with dozens and dozens of new taxes, all of which sounded good at the time, and most, if not all, never lived up to the benefits we were promised but the taxes never went away despite those failed benefits.
Review Mr. Reese’s list and count how many of these taxes you pay every year:
- Accounts Receivable Tax
- Building Permit Tax
- Federal Capital Gains Tax
- State Capital Gains Tax
- CDL license Tax
- Cigarette Tax
- Corporate Income Tax
- Dog License Tax
- Excise Taxes
- Federal Income Tax
- Federal Unemployment Tax (FUTA)
- Fishing License Tax
- Food License Tax
- Fuel Permit Tax
- Gasoline Tax
- Gross Receipts Tax
- Hunting License Tax
- Inheritance Tax
- Inventory Tax
- IRS Interest Charges IRS Penalties (tax on top of tax)
- Liquor Tax
- Luxury Taxes
- Marriage License Tax
- Medicare Tax
- Personal Property Tax
- Property Tax
- Real Estate Tax
- Service Charge Tax
- Social Security Tax
- Road Usage Tax
- Recreational Vehicle Tax
- Sales Tax
- 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 Nonrecurring Charges Tax
- Telephone State and Local Tax
- Telephone Usage Charge Tax
- Utility Taxes
- Vehicle License Registration Tax
- Vehicle Sales Tax
- Watercraft Registration Tax
- Well Permit Tax
- Workers Compensation Tax
- If you sell your home in New Jersey, you pay a tax at your house closing.
- Also in New Jersey, you have to pay a climate tax based on the area of your property that is non-porous, e.g. the house itself, the driveway, and any other paved areas.
The bottom line is that we have been economically raped by the American political class over the years and received virtually nothing in return. And the sad thing is this will continue to happen until we vote career politicians out of office or impose term limits on them, politicians that always seem to get very rich while in office while the rest of us face almost slave levels of taxation.
Our book, "Love My Country, Loathe My Government - Fifty First Steps To Restoring Our Freedom And Destroying The American Political Class" is now available at:
Please visit the following sites for freedom:
No comments:
Post a Comment