The taxman
Posted by Steve Wilkins
According to the Americans for Tax Reform, in 2005: Americans worked 185 days to pay taxes and comply with the regulatory costs of government at the federal, state and local levels. In other words, the cost of government consumes 50.4 percent of national income. That means that every day’s salary up to July 4 went toward paying your tax bill. The report for 2005 indicated that on average Americans would work:
• 84 days to pay for all federal spending
• 43 days to pay all state and local spending
• 37 days to pay the costs of federal regulations
• 23 days to pay the costs of state regulations
Is it any better for this year? Maybe.
but I doubt it.
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