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Non-Tech : Alternative energy
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To: Road Walker who wrote (8258)5/26/2010 11:40:36 AM
From: Jim S1 Recommendation  Read Replies (1) of 16955
 
Yep, the individual direct tax burden is pretty low. That's overcome by massive debt and a plethora of indirect taxes and fees. And now there are rumblings of a VAT being added, another hidden tax that can be manipulated invisibly.

While the "average" individual tax may be around 20%, the actual amount spent on gov't is at least 40%. Don't think that the amount of tax listed on your annual 1040 represents your actual taxes paid.
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