Home Taxed To Death

Taxed To Death

Let's say I do a dollar of work. My employer wants to pay me a dollar but he can only pay me $0.65 because the state took a nickel, federal took a dime, unemployment insurance took a penny, medical insurance took a couple pennies and social security did too.

Now I go to spend my $0.65 and the state charges me another couple cents on my purchase. Of course the store owner where I spent my money doesn't get to keep the whole $0.65 either. They get taxed on the earnings made from the sale.

So $1 of work gives back only a fraction as spendable money. The rest of the money is lost to unknown forces, governmental friction perhaps. How can you avoid this? Consider bartering.

Two chickens for some site design anyone?

This post is licensed under CC BY 4.0 by the author.