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

[mpatch]

In the real world I would guess I get to spend about 60% of what I earn. Maybe.

I highly doubt it's that high:
gas tax,
vehicle registration use tax,
various fees and taxes on phone, internet, cable, utilities, sales tax, airfare, booze/smokes, lots of excise taxes most aren't aware of, there isn't much you spend money on that isn't taxed one way or another

[ray1970]

I highly doubt it's that high:
gas tax,
vehicle registration use tax,
various fees and taxes on phone, internet, cable, utilities, sales tax, airfare, booze/smokes, lots of excise taxes most aren't aware of, there isn't much you spend money on that isn't taxed one way or another

Don?t harsh my mellow dude.

[hollohas]

I once started a list to see what that might be. I got down to 60cents on the dollar before even getting to sales tax or other harder to determine amounts. That's just including the easy to quantify taxes like income (including SS, Med, etc), property, auto, fuel.

Not to mention the added cost to things that are taxed before they get to us (like booze) that increase the cost of products we buy, that are almost impossible to determine what it costs us.

My guess is our actual buying power is easily less than 50% of every dollar we earn.

[crays]

Are we talking about gross pay, or take home pay?
Are we accounting for pre-tax deductions?
And if so, are we weighing future value of applicable deductions?
What about after tax deductions that have future value?
How do we determine fixed expenses versus discretionary expenses on a person by person basis?
What about goods where the manufacturer is taxed by the .gov, and if they are, or are not, subject to sales tax (fuel, spirits, tobacco, etc.)?
Do we get to double dip those taxes for our calculation?

Bottom line: exercise in futility.

We all know we are inundated with myriad taxes, fees, surcharges, etc., and it is on each of us to make the choices that we are the most comfortable with concerning how, where and with whom we spend our hard earned money and/or behave as consumers.

Just my opinion.




Sent from somewhere...

[Gman]

Don't harsh my mellow dude.

There's a tax for that, too.

[mpatch]

Don?t harsh my mellow dude.

There's a tax for that, too.

[cstone]

Render unto Caesar.

Quo vadis?

[CS1983]

Render unto Caesar.

Quo vadis?

One of the most misapplied verses ever, aside from "turn the other cheek".

[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)