How much buying power do you have for every dollar earned?

[BushMasterBoy]

I am taxed 100% and as such have nothing. I was born with nothing and still have most of it left.

[20X11]

And some localities tax groceries (Parker)...some don't (Aurora)

[crays]

And some localities tax groceries (Parker)...some don't (Aurora)

Are you sure about that? I was under the impression there was a whole category of non-taxable food items that was state, if not national. Meat, produce, etc.
Seems like it is mostly stuff that is not ready-to-eat as purchased.



Sent from somewhere...

[20X11]

Are you sure about that? I was under the impression there was a whole category of non-taxable food items that was state, if not national. Meat, produce, etc.
Seems like it is mostly stuff that is not ready-to-eat as purchased.



Sent from somewhere...

Yep...wife used to work for Sunflower/Sprouts...she refuses to buy groceries in Parker...Co may not tax them, but City does.

[ben4372]

Yep Lakewood taxes food too. Sheridan doesn't tax food but if you buy anything in Riverpoint you get to pay PIF. The PIF improvement fees drive me sooo crazy. Lots of these redevelopment deals get you into 10% range. I hear thats the amount of the excessive tea tax in Boston.

[20X11]

Also included the excise taxes on tires, embedded taxes on fuel (well over 20 cents per gallon in CO ), etc. We are taxed when we earn, when we save, when we invest, when we spend, and when we own.

[FireMoth]

What if we veiwed compulsory insurance as a form of tax?
Unregulated, but required to be able to do business on state and federal levels. And many that arent required, but exist as a buffer against law suits by other entities or peoples insurers.
How much insurance does the fuel truck carry, the fuel itself, the trucks that use the fuel, the driver of the truck, the handlers who u load the truck, the people stocking the shelves, cleaning the floors, etc...

[Irving]

This seems like a fruitless exercise.

[DDT951]

This seems like a fruitless exercise.

That is the entire intent of having such a convoluted tax system. You never know exactly how much you are paying in taxes and the govt can hide it.

But lets look at it in a different way.

Some estimates of what can be found on line.

https://www.thebalance.com/u-s-feder...akdown-3305789

https://www.usgovernmentspending.com/total

Federal Spending 2019: $4.04T

State and local government spending: $3.25T

That is $7.25T.

Some estimates has it around $7.6T.

The US GSP is around $19T

So simple math tell you that 7.6/19 = 40%

So 40% of all money made in in the USA is consumed every year by "the government".

Now consider how many people do not add to the GDP...

But in the simplest breakdown, there is a 40% tax on the entire GDP of the USA...

[Irving]

In that context it seems more important than the idea of spending power.