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Facts about internal revenue code 414j

Whether we like it or not Taxes are a fact of life. Virtually all people do not recognize what the load in taxes is that they pay on a daily, monthly or annual basis. Taxes have perniciously crept into our lives in many forms. Most citizens bear federal state and local or municipal taxes. Do you ever look at your phone invoice and see what taxes are added or other utility bills? How about the taxes added at the gas pump, admission fees at national parks, tolls for tollways. Your boss is paying for your social security as much as you are with what is referred to as the employment tax.

Is it a wonder that virtually all families need both jobs just to stay afloat these days. Sitting down a number of years ago I estimated out what we paid in taxes and it was easily over $50,000 for one year. I had calculated Federal, State, social security including employer share, property taxes, sales taxes (a rough estimate). It seems government on all tiers is ingesting more and more day and night.

internal revenue code 414j

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