Don't forget that voluntary tax....the lottery.
BTW, Dems just did this:
WASHINGTON (AP) - Declaring a new direction in energy policy, the House on Saturday approved $16 billion in taxes on
oil companies, while providing billions of dollars in tax breaks and incentives for renewable energy and conservation efforts.
Republican opponents said the legislation ignored the need to produce more domestic
oil, natural gas and coal. One GOP lawmaker bemoaned "the pure venom ... against the
oil and gas industry."
Don't they realize that corporations just pass increases over to the consumer?
They just raised your taxes AGAIN! And many will cheer because the oil companies are 'rotten, greedy, etc'. Forget that many peoples retirement accounts hold oil stocks (among many other big rotten, greedy corps).
http://apnews.myway.com/article/20070805/D8QQNQM00.html
Here is an interesting observation:
Government taxes corporations on their product and not the labor it takes to produce. By taxing 100% of YOUR personal earnings, the tax is being applied not only to the profit, if any, (income) derived from wages and salaries, but also taxing the human capital (your effort, knowledge, skill, energy and labor), which is your PROPERTY, that you invested in order to receive the wage or salary.
Don't get me started,
Roscoe