In response to:

Study: 50% Tax Rates Coming for California and New York

JB in MS Wrote: Dec 06, 2012 1:15 PM
And that 50% tax rate is just the taxes people pay as actual taxes. If you add in the increased cost of every single product you buy and every single service you pay for that is due to taxes on the businesses and utilities that supply those goods and services, tax rates on individuals is already well over 50%. How much cheaper would everything we buy be if the companies were not taxed and regulated so heavily and then forced to pass those expenses on to the consumer? We probably already are spending well over 60% of our earnings to pay taxes once those costs are factored in - and it's still not enough! Why does nobody talk about this? It's spending thats crushing our country, and it's unsustainable.
JRusso Wrote: Dec 06, 2012 2:09 PM
If you pay $1 for a Coke, $.30 of that cost is a direct result of taxes and compliance to govt regulations. At least, that was the cost of compliance a decade ago. I don't know what it is now.
rigby4 Wrote: Dec 06, 2012 1:25 PM
Come to Canada if you want to see high taxes and the high cost of living that goes along with them
Conservative_Libertarian Wrote: Dec 06, 2012 1:50 PM
I used to travel to Canada several years ago on business regularly! I couldn't believe people in BC were paying over $50.00 for a carton of cigarettes! Now look at us here in the US... we caught up with ya all and it's ALL crazy taxation... might even get worse if the Progs have their way!

If you breathe, walk, drive, shop, own anything, buy anything, die, get born, eat, drink, smoke, use drugs, fu*k, fly, park, sell anything, get sick, get healthy, go to school, go to work, consume, go to the head, go on a date, stay home, hunt, camp, boat, visit a park, visit a lake, look at a monument, win the lottery, win a prize, inherit anything, earn interest, earn dividends, invest, spit on the sidewalk, drive too fast, drive impaired,..
Conservative_Libertarian Wrote: Dec 06, 2012 1:53 PM
or anything else... you are taxed and fee'd into oblivion here in the USA!

Still think Canada is so bad???

You have a GST... We Have Obozo and Reid... Same Thing!

A new study out from economists at Lynchburg College calculates the effective top marginal tax rates on various forms of income. While most of the media focuses on the federal top marginal income tax rate, Professors Gerald Prante and Austin John have factored in all of the taxes both nationwide and in each individual state and found that the average rate across the country will approach 50% - surpassing it in three different states.

Nationwide, the average top marginal rate will rise from 41.8% to 47.8%. In New York, California and Hawaii, the top marginal income tax...