My 4 cents worth.

   

My 4 cents worth.

     I have found a number that should blow any middle class taxpayers mind. That number is .0377. You will say this does not look significant. What does it mean? That number is the total tax liability on a dollar bill for 2012. For every dollar made. Under, 4 cents was the federal tax burden. You wonder. “ How can this be true?”  “When they take at least 15% of my payroll  check.” It is the myth they sell you that the income tax code is designed to tax the rich. You may not believe my numbers, but check them for yourself. Oh, I am sorry you can’t with Federal Gov. shut down. What a joke that is. A web site cannot operate because no one is there. Mine works fine if I shut off the computer. This is the current number, $64,978.  2012 (BEA statistics, US Department of Commerce). All numbers in billions. Then, $2,450 for total receipts into treasury. If you divide the big number into littler number, you get  3.77% . Or , under 4 cents for every dollar. However, that number is three times larger when you figure average state and local taxes in. Not sure of exact amount on that one. Just something to think on. Just a quick blog. to busy to go into details.