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Working Longer To Pay Our Taxes

April 15, 2013

Now that you have completed your federal income tax return — and you have, we hope, because it is due to be filed today — you have a few moments to reflect on taxes in general....

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oldsteelmaker

Apr-15-13 9:13 PM

As a kid I remember my father talking about Freedom Day, usually some time in February. Actually, thanks to us kids, Dad usually paid almost no tax in the early 60s. Then Johnson got in, and things got interesting. Nothing like social programs and a REAL war to boost taxes.

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oldsteelmaker

Apr-15-13 9:09 PM

Hoop, Like too many others here, you seem to think money just falls from the sky. Wages can go up, but prices will go right with them. Want to pay $10 for a Big Mac? That's what happens. Most businesses, management pay is about 5% or less of the total payroll cost. Most of the money is in payroll, benefits and payroll tax. So if you pay the workers more, you either charge more, or you do a Wheeling Pitt. As in, your business goes away.

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wvhoopie

Apr-15-13 7:41 AM

Wages for most jobs are way too low. That is if you're not a CEO. Wal Mart CEO earns 1034 times that of a front end worker. College education does little to get a higher wage as statistics show...

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dyingov

Apr-15-13 7:24 AM

"And some people say Americans aren't paying enough taxes."

The IRS takes donations!

Our tax/fee liability for the year is around 58-60%, that is working for the "collectors" until late July!

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