Tips regarding BEAT STATE CAPITAL GAINS TAX
Whether we like it or not Taxation is a fact of life. Most people do not recognize what the burden in taxes is that they pay on a daily, monthly or annual basis. Taxes have perniciously crept into our lives in many varieties. Most of us pay federal state and local or municipal taxes. Do you ever look at your phone bill and see what taxes are added or other utility bills? How about the taxes added at the gasoline pump, usage fees at national parks, tolls for tollways. Your employer is paying for your social security as much as you are with what is called the employment tax.
Is it a wonder that many households require two incomes just to stay afloat these days. Sitting down a number of years ago I computed out what we bore in taxes and it was substantially over $50,000 for one year. I had calculated Federal, State, social security including employer share, land taxes, sales taxes (a rough estimate). It seems government on all layers is ingesting more and more all the time.
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