Who Defends 40% Taxation?
Saw this (original comic by Wuerker of Politico) at The Big Picture:
My question… In what world is it fair that any entity stakes a forcible claim to 40% of your income? It doesn’t matter that the number was higher in the past, the number is simply too high.
Again, that number is 40%!
You go to work, you work your ass off for a 10 hour day (as most people in this income group do), and at the end of the day 4 of the 10 hours you worked were for the government? For every $100 you earn, the feds take $40 (not counting social security, medicare, state income and/or sales taxes, fees, etc).
40%?!?!?! The recommended portions of your income to put towards HOUSING EXPENSES is 28%. You’re expected to spend far more of your income on your government than on your own house? Absurd!
We can debate the use of the word “socialism” all we want. But I think if every payday someone had to cut a check for 40% of their income just to feed the gaping mouths in Washington, the very idea of 40% tax rates would start a revolution. But instead, we have people explaining it away and waving us off because the rates used to be higher.
