posted on Apr, 19 2011 @ 05:56 AM
on my $12.2k annual monies...i don't pay income tax...but i pay other hidden taxes such as sales tax,
all sorts of fees etc.
i also paid $2,772. + $62 + $1,300 in sales, property and real property taxes...just figure out the %
...my taxes are astronomical in my eyes....
$4,143 taxes divided $12,240 income = 33.84% taxing/ money confiscation rate !!
(and i as an individual have no corporate way to excape or otherwise utilize tax credits to nullify these rates of taxation...it all comes off the
top)