But Nick? How much is enough to pay?
Is 30% Federal Income tax effective rate enough?
If you add 7% State Income Tax to that is it enough?
Does 6% to 7% Sales Tax make enough?
What about if you added a few thousand a year in for Property Taxes, Gasoline Tax, Tax for FCC on the phone bill, Car tag tax, garbage collection tax, use fees for public parks, tollroads, SEC fees on your stock sells, etc.
Would that be enough?
Maybe we should add in some FICA Tax, some FUTA Tax, make employers contibute equal amounts, Deduct some Social Security tax. Is that enough now?
I mean, heck, thats got to add up to somewhere around 50% plus of ones income? Is that enough? |
