TAXES!


OJR

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Tax his land, tax his wage,

Tax his bed in which he lays.

Tax his tractor, tax his mule,

Teach him taxes are the rule.

Tax his cow, tax his goat,

Tax his pants, tax his coat.

Tax his ties, tax his shirts,

Tax his work, tax his dirt.

Tax his tobacco, tax his drink,

Tax him if he tries to think.

Tax his booze, tax his beers,

If he cries, tax his tears.

Tax his bills, tax his gas,

Tax his notes, tax his cash.

Tax him good and let him know

That after taxes, he has no dough.

If he hollers, tax him more,

Tax him until he's good and sore.

Tax his coffin, tax his grave,

Tax the sod in which he lays.

Put these words upon his tomb,

"Taxes drove me to my doom!"

And when he's gone, we won't relax,

We'll still be after the inheritance TAX,

Hey maybe you'll get a refund!!

Accounts Receivable Tax

Building Permit Tax

CDL License Tax

Cigarette Tax

Corporate Income Tax

Dog License Tax

Federal Income Tax

Federal Unemployment Tax (FUTA)

Fishing License Tax

Food License Tax

Fuel Permit Tax

Gasoline Tax (42 cents per gallon)

Hunting License Tax

Inheritance Tax Interest expense (tax on the money)

Inventory Tax

IRS Interest Charges (tax on top of tax)

IRS Penalties (tax on top of tax)

Liquor Tax

Luxury Taxes

Marriage License Tax

Medicare Tax

Property Tax

Real Estate Tax

Service Charge Tax

Social Security Tax

Road Usage Tax (Truckers)

Sales Tax

Recreational Vehicle Tax

School Tax

State Income Tax

State Unemployment Tax (SUTA)

Telephone Federal Excise Tax

Telephone Federal Universal Service Fee Tax

Telephone Federal, State and Local Surcharge Taxes

Telephone Minimum Usage Surcharge Tax

Telephone Recurring and Non-Recurring Charges Tax

Telephone State and Local Tax

Telephone Usage Charge Tax

Utility Taxes

Vehicle License Registration Tax

Vehicle Sales Tax

Watercraft Registration Tax

Well Permit Tax

Workers Compensation Tax

COMMENTS: Not one of these taxes existed 100 years ago and our nation was the most prosperous in the world, had absolutely no national debt, had the largest middle class in the world and Mom stayed home to raise the kids.

What Happened?

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Guest Nature_Boy

Re: TAXES!

I hate taxes. I was a public accountant before going into banking. I have not prepared another tax return except my own in 2 years. I hate taxes.

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Re: TAXES!

[ QUOTE ]

Don't you guys know Middle class is the new Lower Class.............Unless you make big $$ you will be working forever and so will your wife/husband.

[/ QUOTE ]

Don't agree with that at all. Seems to me that some middle class people want to live a high class life, and that's what puts them in the poor house. I by no means make "big $$$" but my wife stay's home with our daughter, we've slowly paid off all debt except our mortgage, and I'm putting a little money in savings every month. Granted, I don't live in a big new house, and drive a brand new car, but we do live in a house that keeps us warm in the winter, cool in the summer, and we are darn proud of it. Maybe too many people have lost sight of the fact that it's not where you live, but how you live that really matters in the long run.

My $.02.

Ben

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Re: TAXES!

Some people do live beyond their means but in general most middle class people barely squeek by after bills are paid. Prices on everything goes up but pay doesn't. So you are telling me that by the time you retire that you can live comfortably and not have to worry money without social security.

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Guest Southern_man

Re: TAXES!

What do yall think about the Fair Tax??? I got $6000 back this year, but it kills me to think that I loaned the govt that money for a year........

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Re: TAXES!

[ QUOTE ]

So you are telling me that by the time you retire that you can live comfortably and not have to worry money without social security.

[/ QUOTE ]

I don't know whether I will or not, I hope that's not how I came across. My point was that most people live and spend their money for right now. There's a lot of people that won't save any money for retirement and expect social security to heat their 3000 sf house and put gas in the tank of their Lincoln Navigator when they retire. I tend towards the other school of thought. I'm living below our mean's now, and putting as much money as we can afford into retirement accounts. That will hopefully pay off in the long run and make social security the icing on the cake for my retirement income, not the bread and water. I'm only 29 years old, so maybe I'm idealizing everthing too much, but it worked for my parents and grandparents, and they never brought home a six-figure income.

Ben

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Re: TAXES!

[ QUOTE ]

but it worked for my parents and grandparents, and they never brought home a six-figure income.

[/ QUOTE ]

Things are changing fast, and what was possible when your grandparents/parents were working may never be seen again.Heres a little example.Up untill maybe 8 to 10 years ago it was possible to buy a house in my little town here in rural Iowa for under 5000$.Not great houses mind you, they took a lotta work and needed many improvements but they werent shacks either.You could pay em off in 2 years and spend the rest of your life putting the money into the house instead of paying the house off.The same houses now are going for 40,000$ and up, and 30 year old homews that used to be in the 40 grand rage are now selling for over 100,000$.I dont know about anyone else but my pay range hasnt increased that much.But the taxes on the houses in town have also more then doubled since I bought mine 6 yrs ago.im paying close to 1000$ a year and when I bought it I was only paying 430$ a year.Now thier talking gas being 3.00$ a gallon, which is gonna drive everything else up but your and mine paychecks which will stay the same or maybe increase a tiny bit.Im glad your able to put something away and some day i really hope I can say the same, but dont think everyone else is just living above their means, most of our paychecks havent caught up to what everything else has risen to yet and its getting worse. crazy.gif

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Re: TAXES!

You're absolutely right Horst, the home buying market is waaaaaay too big for its britches right now. That doesn't mean that a person has to be paying for a house when they retire. Don't take out more than a 15 year mortgage. When I crunched the numbers on the house we just sold, the 15 year mortgage I was paying on would save me around $85,000 versus a 30 year mortgage on the same house. That $85K would turn into $250K if invested over the second 15 years.

Like it's been said in the Saving Money post in here, pay yourself first. Our economy has steadily grown between 8-10%, and sometimes 12%, every year historically, and that includes the depression years and the big crash of 2000. That's how I plan on being able to retire comfortably and let my Social Security, if it's even around at that time, be the icing on my retirement cake.

Ben

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