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Whether you like it or not Taxes are a fact of life. Most people don't realize what the load in taxes is that they pay on a daily, monthly or annual basis. Taxes have insidiously crept into our lives in many varieties. Many of us ante up federal state and local or municipal taxes. Do you ever look at your telephone bill and see what taxes are tallied or other utility bills? How about the taxes added at the petrol pump, use fees at national parks, tolls for tollways. Your employer is paying for your fica as much as you are with what is called the employment tax.
Is it a wonder that most households want both jobs just to stay afloat these days. Sitting down a number of years ago I estimated out what we bore in taxes and it was well over $50,000 for one year. I had included Federal, State, social security including employer share, property taxes, sales taxes (a rough estimate). It seems government on all layers is ingesting more and more all the time.
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