Freedom Survey


Answering Question # 5

5.    Taxation Part II:
        What percentage of the average American’s income is taken as taxes?

            a    3%   
            b    10%   
            c    27%   
            d    59%   


     On the subject of taxes, most of us immediately think of income tax, which was a tax that did not even exist in America until 1916. But there are many other forms of taxation that government uses to extract money from us on the local, state, and federal level (see the list below). One study estimated that, in 2005, the average US citizen paid 54.4% of their income in taxes in one form or another.9  At the time, it was estimated that the 2013 amount would be 59.7%. These numbers have only gone up.

     Below is a partial list of the various ways in which citizens of the U.S. are taxed. Though these things are not often thought of as taxes, they are taxes nonetheless.

Accounts Receivable Tax
Building Permit Tax
Capital Gains Tax
CDL license Tax
Cigarette Tax
Corporate Income Tax
Court Fines (indirect taxes)
Deficit spending
Dog License Tax
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel permit tax
Gasoline Tax
Hunting License Tax
Inflation
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
Local Income Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Property Tax
Real Estate Tax
Septic Permit Tax
Service Charge Taxes
Social Security Tax
Road Usage Taxes (Truckers)
Sales Taxes
Road Toll Booth Taxes
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
Toll Bridge Taxes
etc.



-----

Answers Index                                             Answering Question #6

9.    http://www.nowandfutures.com

---
Subscribe to our email list for results from the Feedom Quiz survey and other educational information.


The Knowledge Is Power Project is brought to you by Purpose Ministries
(c) copyright 2014, Brad Sherman