How Much Are Americans Really Taxed?

Posted by / January 1, 2012 at 6:00 pm

Although the federal income tax rate is the most publicized, Americans pay a series of other taxes as well. Americans pay excise taxes, payroll taxes, sales taxes, state income tax, property taxes, inheritance taxes, capital gains taxes, gift taxes, duties, and tariffs. In addition, the Federal Reserve has increased the money base 28% in the last two years, which poses a further tax as this money was printed and given to banks and used for other bailouts. When the Federal Reserve prints money, it devalues everyone else’s money and causes their purchasing power to decrease. This is a large part of the reason for $100 oil and $1600 gold.

To further compound this lunacy of overtaxation, America is one of only two countries in the world that taxes their citizens regardless of where they live or make their money. So for example, if you move to Dubai and work on their oil fields, you will still have to pay American taxes even though you are using no American services or facilities.

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  • Deadbeat

    There is some confusion in your argument regarding taxes. You are not making a distinction regarding regressive vs progressive taxes. In addition you are incorrect about your correlation regarding inflation and prices. While what you say about the Fed is true regarding the printing of money and inflation it was not the source of price increases in commodities. The reason for the price rise is the 10-year wars for Zionism in the Middle East. The FED printing offsetted the deflation caused by the banking crisis.