Well if you're like me you got your W2 form this week (that yearly reminder that the federal government gets its share of your earnings first), or you are expecting it any day now so you can submit your tax return or if you owe more, how long you can delay the agony.
The best video we found this week pays homage to none other than the overseer of all spending of tax moneys: Barrack Obama.
Our apologies to The Beatles
The average American has a tax rate around 25%. It's easy to see why some people are just counting down the days until they have worked off their annual burden.
But don't celebrate Tax Freedom Day just yet; You may need to factor in state income tax, sales tax or local property taxes! Then there's the federal tax on every gallon of gas you buy (18 cents per gallon), while we're looking at your car you probably shelled out enough to buy a nice dinner for two just so you can drive the car on public roads for a year. Extra fees for fishing, taxes on hotel rooms for your business and vacation travel, the list goes on and on and on!
| If it drives you to drink... well you know they taxed that too. My state even tried taxing illegal drugs just to snag more revenue from people they caught, it worked for a couple of years. And it wasn't the first time some drugs have been taxed. |
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Now some insight into how Warren Buffet's talk about taxes still barely affects him, meanwhile his company doesn't seem to be taking the high road and paying it's taxes.
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