[lace-chat] Re: Tax Freedom Day

[Martha Krieg]

41%... I suppose it depends on how you calculate it. If you fall in a 
28% federal bracket, and then 4.something for state,  you're already 
up to about 32%, and then if you add on a six percent sales tax on 
maybe half of what you spend, that's probably about 35%....and more 
if you have city or county tax on top of it. And still more if you 
count FICA (Social Security tax). And then there are the extra taxes 
on gasoline and telecommunications services.... I don't think we're 
quite to 41%, but it's sure more than we'd like!  Part of the problem 
is of course that when people calculate what they can afford to buy, 
they often calculate it against their gross income (before taxes), 
but only have net income to pay with, so they end up paying interest 
on their unexpected debt....
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Martha Krieg   [EMAIL PROTECTED]  in Michigan

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