OK this is just the tip of the iceberg but i'm just wondering....
i work and get paid, and i pay taxes on the money that i just earned... then i take the money that i get after the tax man, and go to the store to buy something, and i have to pay taxes on it....
how can the government justify taxing YOUR hard earned money while its coming in, and going out?? thats like paying double taxes on your income....
2007-09-14
03:58:26
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10 answers
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asked by
Anonymous
in
Business & Finance
➔ Taxes
➔ United States
ok come on first of all PEPSI LIME i didn't ask the same question previously.. Why don't you post ANSWERS TO QUESTIONS!! because nowhere in your response was there an answer.. YOU ARE AN IDIOT!!! Secondly, i REALIZE ITS TWO DIFFERENT TAXES DUHH NO CRAP the point i'm making is that its completely ridiculous and unlawful.
2007-09-14
05:24:11 ·
update #1
I think you asked this exact question previously. Weren't you satisfied with the answers you received before? If not you, then someone asked the same exact question in the same exact way.
2007-09-14 04:43:46
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answer #1
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answered by Anonymous
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It happens all the time. In California sales tax is applied to the price of gas. The price of gas includes state and federal taxes, the sales tax is then computed on the total price which already includes taxes. Double taxation.
Your question can be solved by a use tax. No more tax on income, only when you spend it. Makes more sense. Those that spend more pay more, those the spend less pay less. This type of taxation also encourages saving since there is no tax until you spend it.
What about inheritance tax, the decedant paid taxes while they were living on that money. Now the heirs have to pay tax again.
What do you want to do about it? Revolt?
2007-09-14 12:50:08
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answer #2
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answered by Tim 7
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This seems no worse than if they charged one tax but made it twice as high. Double, and even triple or quadruple taxes are not prohibited. Some money is taxed as many as nine times:
For example, let's say you live in NY City and take a premature IRA withdrawal to buy an expensive, large car (like a Hummer):
1. 10% premature IRA withdrawal penalty
2. Federal income tax
3. State income tax
4. City income tax
5. NY sales tax
6. Federal "gas-guzzler" tax
7. Luxury vehicle excise tax
Let's say you earned the money at work and used it for the same car:
1 and 2. Social security, FICA and medicare taxes
3. Federal income tax
4. State income tax
5. City income tax
6. NYS disability insurance mandated contribution
7. NY sales tax
8. Federal "gas-guzzler" tax
9. Luxury vehicle excise tax
2007-09-14 14:34:30
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answer #3
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answered by StephenWeinstein 7
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LOL... naive person! It's a whole lot more than double. You pay tax on the money you earn, you pay tax on the money you spend. You pay federal tax AND state tax on the money you spend to buy gas to go earn the money you pay taxes on earning.
It gets a whole lot worse... do you realize that you pay extra taxes that are used to keep the prices on food you buy higher? That is, you pay tax for the privilege of paying higher prices than would be natural under market forces.
After you pay taxes on your income, you pay taxes on the money you spend... tax to your state, maybe tax to your county or city as well.
Take your money and buy a home, and now you're paying property tax. Property tax is the manifestation of the fact there there is no private ownership of property; the goverment owns all property and charges you a lease. What you get when you think you are buying property is merely the right to be the person who pays the government for temporary use of the property.
Going to use the phone to make a tax payment? Pay more taxes on that phone use.
2007-09-14 11:10:28
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answer #4
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answered by Matthew O 5
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Every time money changes hands in exchange for goods or services, or money is paid to an investor for the use of money, taxes are due. It is the exchange of money ("income"), not the money itself, that is taxed.
A business that employs you is also taxed before you get paid. As was said in another answer, it is a lot more than double. The same money is taxed every time it moves from point A to point B in exchange for goods or services.
2007-09-14 12:47:25
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answer #5
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answered by ninasgramma 7
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An answer to the problem is to make enough money that paying taxes does not hurt. ie. if I won the $300MM Mega Jackpot a couple of weeks ago, I would not mind paying the taxes.
2007-09-14 13:09:36
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answer #6
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answered by William H 5
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If you don't like how the tax system works here. Stop earning income and don't spend any money. Also, don't ask for any handouts from the government.
2007-09-14 13:12:16
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answer #7
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answered by Steve 6
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Because they can.
And state sales taxes were passed by a vote.....not just forced upon an unsuspecting public. So you can thank the other people living in your state for that.....
Maybe you should try to get the tax repealed in your state if you don't like it?
2007-09-14 11:04:42
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answer #8
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answered by Anonymous
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They are two different taxes - income tax on what you earn, then sales tax on what you spend.
2007-09-14 11:27:28
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answer #9
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answered by Judy 7
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Just to make life eay, always tell yourself: "What ever I earn only 50% belongs to me."
2007-09-14 11:10:35
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answer #10
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answered by MukatA 6
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