I’m at work and get my paycheck, from which approximately 33% has been removed in the form of state & federal tax and social security payment.
I take my car (the car that I pay a state license/registration fee on) to my home (that I pay property taxes on).
I open up my fridge which runs on electricty which I must pay a state utility surcharge (and state tax) on, and see that I need some items from the grocery store.
I drive to the store, but fill up the tank with gas on the way. I pay about 30-40 cents per gallon tax on this gasoline.
I get to the store and purchase the products I need. I pay 8.25% tax on these items. Should I purchase alchohol or cigarettes, the cost of these items includes further federal and state taxes.
In the face of all of this, should I manage to save any money and put it into an interest bearing account, the government taxes the interest that I had the gall to accrue.
Should I be in the position of dying with any assets or money accumulated, the government comes in and requests, ever-so-kindly, that an estate tax be paid.
Have a nice day!