• In recent years personal taxes increased 42% faster than personal income.

• State and local government taxes increased 168% faster than national income.

• The typical American pays more in taxes than they do on food, shelter, and clothing combined.

• Federal taxes increased 2.5 times faster than personal income in 1995-2000 with more planned.

• 5.1 months equates to about 40% (142.5 days) of the year worked by the average citizen to pay for government spending at all levels.

• The average worker needed to work 1.4 months in 1928 to pay for federal plus state/local government spending, compared to working 5 months today. That’s 300% more.

• We have to pay an extra $3,300 per man, woman, and child of ‘hidden taxes’ in the price of goods for the cost of added regulations mandated to the private sector.

• 1996 represented the highest inflation-adjusted taxes ($22,000) ever paid in history for a median income dual-earner family, and new records were set in 1997, 1998, and again in 1999.

• Since 1993 tax receipts have grown 52% faster than personal incomes and in 1998 80% faster.

• Between 1995 and 1998, GDP rose by $1213 billion or 16.7%. Federal revenue rose by $390 billion, or 26.9%.

• In 1939, 26 years after the Sixteenth Amendment was adopted, only 5% of the population was required to file tax returns. Today, its more than 80%.

• Tax rates grew from a 2.96% rate on employee incomes to a 15.3% tax rate- 5 times larger.

• In 1996, 43% of couples were being penalized by tax laws for being married. Average marriage penalty tax is $1,131 per couple.

Compiled from: Wealth & Wisdom
http://mwhodges.home.att.net
© 2004 Wealth & Wisdom, Inc.
 

FREE Report Reveals
How To Legally “Avoid” Tax Transfers
Learn How To Save Thousands in Taxes!
Subscribe To Financial Intelligence To Receive Your FREE Report NOW!

Marginal Tax History

Taxes
Taxes You Pay

Federal Income Tax ~ Social Security Tax ~ State Tax ~ City Tax ~ County Tax ~ Property Tax ~ School Tax ~ Sales Tax ~ Estate Tax ~ Gasoline Tax ~ Water Tax ~ Sewer Tax ~ Business Tax ~ Airport Tax ~ Telephone Tax ~ License Tax ~ Hotel Tax ~ Cable TV Tax ~ User Taxes ~ Unemployment Tax ~ Cigarette Tax ~ Corporate Income Tax ~ Inheritance Tax ~ Accounts Receivable Tax ~ Inventory Tax ~ Marriage License Tax ~ Liquor Tax ~ Building Permit Tax ~ Medicare Tax ~ Fishing License Tax ~ Real Estate Tax ~ Food License Tax ~ Fuel Permit Tax ~ Hunting License Tax ~ Road Usage Tax (truckers) ~ Luxury Tax ~ Recreational Vehicle Tax ~ Utility Tax ~ Septic Permit Tax ~ Well Permit Tax ~ Road Toll Booth Tax ~ Vehicle Sales Tax ~ Workers Compensation Tax ~ Trailer Reg. Tax ~ Watercraft Registration Tax ~ Long Term Capital Gains Tax ~ Short Term Capital Gains Tax ~ Telephone Federal Excise Tax ~ Telephone State and Local Tax ~ Telephone Usage Charge Tax ~ Telephone Federal Universal Service Fee Tax ~ Telephone Recurring Charges Tax ~ Tax on Energy ~ Gas ~ Electric ~ Heating Oil

© 2004 Wealth & Wisdom, Inc.
 

Shield Your Assets with an Effective Tax Strategy
COMBAT FUTURE TAXES

Order our FREE REPORT
"Taxes The Largest Transfer of Your Wealth"
Learn How to SLASH Your Taxes!

Tax Freedom

It has been said that we work until April or May in order to pay our taxes for that year.

This means that the Average American will work 5 months
JUST TO PAY TAXES.
This is compared to 1.4 months of prior generations
That is an almost 300% increase in working time to pay our share
to support the Government.

This day has been dubbed "Tax Freedom Day" and the Tax Foundation has formed a special report denoting how we are effected by this. You can view this report absolutely free by clicking here >Give Me My FREE Report
 

A book about how the Federal Reserve was created and why our Banking system is a monopoly.

"A superb analysis. Be prepared for one heck of a journey through time and mind." – Ron Paul, Member of Congress, House Banking Committee, 2008 Presidential candidate.

Hear the The Creature from Jekyll Island recording
from the author, G Edward Griffin,  absolutely free by  clicking this link >The Creature from Jekyll Island<

DISCLAIMER
We do not provide tax or legal advice and accept no liability for the information we provide. We are not responsible for information from outside sources and the links we provide to other sources. We provide information to our clients and those who visit our website in search of education, financial information and general knowledge.