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   Taxes

   

Vote Intro

         

The purpose of this section is to eventually capture all the taxes we really pay.

 

 

   

 

 

 

 

 

 

 

 What does the middle class really pay in taxes?

  

Just trying to put some real numbers to what I pay in taxes

  (Assume $150,000 total for a couple):

 

  Direct Tax levied   Percent   Actual   Comments
    Federal Tax rate     33.0%   42,000   middle class penalty of alt min. tax of 28%
    Social Security      6.2%    
    Medicare     1.45%    
    Company Contribution     7.65%     Indirectly, the employee does pay for this!
    California State     9.3%   13,950   
    State Sales     7.25%    2,250   assume sped 30,000 for consumables
    Property     1.06%    6,360   $600,000 house - low side for California
    Utilities     na    2,000   total of gas, electric, disposal, telephone taxes
    Gasoline     na       432   100 gallons per mo at $.36/gal
          
      sub-total   65.9%   66,992  
     
  Indirect Tax levied   Percent   Actual   Comments
     Education           middle class penalty in qualifying for scholarships
     Health Care        middle class penalty for higher health care fees
       
       

    

11/15/08