They tax me for spending my money...and then they tax the guy who took my money as "income". He then goes spend its...and it taxed again. and the guy he bought stuff from pays INCOME tax on that too......and the cycle repeats FOREVER.
Probably closer to 80%. You are forgetting the tax paid by the manufacturer, raw goods supplier, transporter, all the property taxes and business taxes, employee and employer taxes.
By people that sold a good to someone is an odd way of saying the top banks who recieve fed SDRs, who then distribute said money down the chain. Aside from that, however, is fractional reserve which creates far more "money" but isnt even kept track of.
Regardless, theres a good reason they call it the hidden tax. Because the more is created from nothing the more purchasing power is taken away from what money you have. Also referred to as tax on savings.
Yes it is. The government is stealing from me my buying power through silently reducing the value of every dollar I hold by endlessly printing money. And since taxation is the word for government sanctioned theft, then inflation is very much a from of tax.
And the item the money was used to purchase is taxed more because said item costs more. Really not hard to follow along. The more dollars that are traded for the same amount of goods = more taxes collected.
I'm saying this respectfully- You're not understanding what they're saying. There's a book titled "The Creature From Jekyll Island." Reading that book about 10 years ago changed my financial life. I'm not rich, but I don't owe anything.
With that said, with the way inflation is rising, I may lose my nest egg.
Also, one thing that I'd add to some of the other comments (not yours) is that compound interest is also a theft of wealth. Depending on your situation, it's worse for a lot of people than inflation is.
40 billion to Ukraine. Who pays for it? We don’t have taxes to cover it and all other obligations. It is printed from thin air and digitally sent. Who pays for it? Anyone who holds USD, as it is less valuable due to inflation and printing of bills not tied to anything. We get paid in USD. Our spending power is less. This is a tax the gov has made us pay. Get it?
30 trillion in debt and are obliged to pay 40billion due to congress passing a bill we have no funding for. The gov doesn’t directly print the money it’s all digital bullshit. But that money effectively comes from thin air and the people who pay are the ones who use USD everyday. If you don’t see it as a stealth tax then you must not shop around to see the hyperinflation in everything.
Wat….? Inflation is manufactured by government spending. Said government spending causes vasts amounts of $$ to go into circulation… more $$ = more taxes. It’s not that hard to understand… if the government is giving you $ and you buy a good (at inflated prices) they are taking a larger chunk of that in…. TAXES!
Oh its you again. Weren't you that guy who thinks the federal reserve is evil and stealing all our money but refuses to believe the government and the fed are run by the same people?
Try actually explaining your position instead of telling everyone they are wrong.
45% of the national income is paid in taxes. Think about that for a second. Half of our economy goes to government. How are the roads in your area? Cuz in mine, they're like 19th century wheel wagon ruts.
But you can sleep well at night knowing 3/4 of all federal spending goes to our "safety net", otherwise known as Marxist redistribution. Sure, our infrastructure is crumbling and the economy is in shambles, but at least Americans don't have to work to provide for themselves or anything radical like that.
Land of the free of the my ass. We ceased being that in 1913
Until 1913 or so, there were virtually no taxes. Not much inflation either, except for a spike during the Civil War. For all practical purposes, the dollar in 1913 was worth the same as a dollar from 1800.
My favorite is Chicagos Amusement tax. An Additional 9% tax on top of normal sales tax for pretty much anything that is Entertainment. Baseball tickets, Netflix, movie tickets, etc.
I blew three tires and had to get an alignment in one single pothole this winter. I’m so greatful my city is so fiscally responsible with the money they rob me of.
You've actually hit the nail on the head. People don't mind high taxes when they get the benefits of them. The taxes aren't the problem, it's how they're spent.
Don't believe me? Look at Sweden or Denmark before the refugee crisis.
Add state to all those taxes and it double it. If you own a business add a corporate to all those taxes it so you have 3x. Then cap it with the best tax of all ....inflation.
What really chaps my hide....
They tax me for spending my money...and then they tax the guy who took my money as "income". He then goes spend its...and it taxed again. and the guy he bought stuff from pays INCOME tax on that too......and the cycle repeats FOREVER.
I hate you government.
Ignoring deductions
mine sits at around 11%. Not that hard to pay less.
I wonder, If I broke down how much an item was really tax, what would it be
I'd bet 50% or more by the time it comes off a shelf and into my house
Probably closer to 80%. You are forgetting the tax paid by the manufacturer, raw goods supplier, transporter, all the property taxes and business taxes, employee and employer taxes.
Inflation is a hidden tax.
Pay in cash for as much as you can and do it peer to peer.
Just wait till they add Dick tax. Only a matter of time before they start taxing guys for having a dick.
I can see if now 'If you like your penis, you can keep your penis'.
“No one NEEDS two testicles!”
The "women" in the women's march are saying things eerily similar to this.
Tax by the inch
does that mean Europe will tax by the "centimetre"
No. Milimeter.
kek.
Europe gets a rebate ....what do you thing those billions we are sending them for?
Figures.
I will be broke. But I will be proud.
Mine will be a Big, Beautiful tax.
Obama and Big mike will never make it happen. They'll need to pay double the tax.
Pay by the inch.
Don’t forget Inflation… it’s the ultimate hidden tax.
Inflation isnt a tax
Inflation is the tax that is extracted simply for HAVING printed "money". It's extracted by printing more "money", thus diluting what you already have.
That money that is printed does not go to the government - it goes to people that sold a good to someone who got a loan.
Inflation is not a tax
By people that sold a good to someone is an odd way of saying the top banks who recieve fed SDRs, who then distribute said money down the chain. Aside from that, however, is fractional reserve which creates far more "money" but isnt even kept track of.
Regardless, theres a good reason they call it the hidden tax. Because the more is created from nothing the more purchasing power is taken away from what money you have. Also referred to as tax on savings.
You* have less money, whilst having the same amount of "money". A choice made by a government-commisioned NGO; which was not your* own choice.
Seems like a tax, brah.
* you, or I, or anyone one else not a benefactor of The Printout
You dont own your own home?
Loans are magic paper, eh, brah?
Can you please make an actual argument, or are you just too retarded to do so?
Yes it is. The government is stealing from me my buying power through silently reducing the value of every dollar I hold by endlessly printing money. And since taxation is the word for government sanctioned theft, then inflation is very much a from of tax.
Except that printed money does not go to the government, it goes to whoever sold a good to a person who got a loan to purchase said good
And the item the money was used to purchase is taxed more because said item costs more. Really not hard to follow along. The more dollars that are traded for the same amount of goods = more taxes collected.
Generally not because that item is generally a home and you generally dont pay taxes on capital gains from the sale of a personal residence.
A home is but one pur.... forget it.. you bumped your head
People take out very large loans on homes from banks.
It is literally that and cars that make up most of it.
I'm saying this respectfully- You're not understanding what they're saying. There's a book titled "The Creature From Jekyll Island." Reading that book about 10 years ago changed my financial life. I'm not rich, but I don't owe anything.
With that said, with the way inflation is rising, I may lose my nest egg.
Also, one thing that I'd add to some of the other comments (not yours) is that compound interest is also a theft of wealth. Depending on your situation, it's worse for a lot of people than inflation is.
"inflation is bad" isn't the same thing as saying inflation is taxation
If you say so.
40 billion to Ukraine. Who pays for it? We don’t have taxes to cover it and all other obligations. It is printed from thin air and digitally sent. Who pays for it? Anyone who holds USD, as it is less valuable due to inflation and printing of bills not tied to anything. We get paid in USD. Our spending power is less. This is a tax the gov has made us pay. Get it?
https://www.usdebtclock.org/
no, that is treasury bonds. Not printed.
The government does not print money and give it to itself.
30 trillion in debt and are obliged to pay 40billion due to congress passing a bill we have no funding for. The gov doesn’t directly print the money it’s all digital bullshit. But that money effectively comes from thin air and the people who pay are the ones who use USD everyday. If you don’t see it as a stealth tax then you must not shop around to see the hyperinflation in everything.
That guy is like 90% shitlib. OR 100% retarded.
The printed money doesnt go to the goverment so it is not a tax
Except for treasury bonds.
No, because that isnt printing money
Bonds are magic paper, eh, brah?
They arent printing money, the government still needs to pay them off with money generated through taxation, not printed money
Wat….? Inflation is manufactured by government spending. Said government spending causes vasts amounts of $$ to go into circulation… more $$ = more taxes. It’s not that hard to understand… if the government is giving you $ and you buy a good (at inflated prices) they are taking a larger chunk of that in…. TAXES!
Nope.
Nope.
Oh its you again. Weren't you that guy who thinks the federal reserve is evil and stealing all our money but refuses to believe the government and the fed are run by the same people?
Try actually explaining your position instead of telling everyone they are wrong.
The federal reserve is evil. You are also factually incorrect about how it is ran
Then explain it to me. Damn getting info from you is like getting blood from a stone.
I want to see you explain in detail how congress and the fed are not related in any way and not both trying to destroy us.
Recently overheard while in line at a store
"Did you see where they are going to send a bunch more money to Ukraine"
"Yeah, where do they get that money?"
"I don't know?"
It was all I could do to not strangle them both.
You have well maintained roads? Shit I live in CA, our roads are dogshit
Also dogshit, I was making a joke
They're smooth as glass compared to Michigan.
45% of the national income is paid in taxes. Think about that for a second. Half of our economy goes to government. How are the roads in your area? Cuz in mine, they're like 19th century wheel wagon ruts.
But you can sleep well at night knowing 3/4 of all federal spending goes to our "safety net", otherwise known as Marxist redistribution. Sure, our infrastructure is crumbling and the economy is in shambles, but at least Americans don't have to work to provide for themselves or anything radical like that.
Land of the free of the my ass. We ceased being that in 1913
You actually only get that phenomenon of 2 ruts from cars. You just get a trench with an actual wagon, deepest in the center, because of the horses.
There was a time when Thomas Jefferson funded the entire Federal Government with almost entirely Tariffs. Virtually no taxes!
Until 1913 or so, there were virtually no taxes. Not much inflation either, except for a spike during the Civil War. For all practical purposes, the dollar in 1913 was worth the same as a dollar from 1800.
THEY TAX THE FUCKING AIR
carbon taxes
Road use tax isn't the only use tax
Shrimp Tax
" Land of the Free "
" Home of the Brave "
lair of the blackpill
Alternative Minimum Tax and Generation skipping tax are the ones that truly fuck you
even Bernie Sanders wants to get rid of AMT.
My favorite is Chicagos Amusement tax. An Additional 9% tax on top of normal sales tax for pretty much anything that is Entertainment. Baseball tickets, Netflix, movie tickets, etc.
i willl pay beetelgeuse 10% to go away.
Caucasian tax is on the way in the form of reparations.
This meme could be a mile long and it still may not cover all the ways they tax us
While we're planning for the future we should probably add on "Mile long meme tax..."
Tobacco tax, wheel tax, carbon tax...
Hey, this gave me an idea. Let's tax forests!
Sales tax, utility tax, registration tax
Excellent meme.
I blew three tires and had to get an alignment in one single pothole this winter. I’m so greatful my city is so fiscally responsible with the money they rob me of.
county tax
Forgot Biden's gun & ammo tax
Tax heartbeats next!
That’s not even close to all of them
hey, good public schools, thanks dept of education, common core has been such an improvement
NYC just added a “congestion surcharge” for driving downtown during the day.
Hunting and fishing licenses are taxes
You get taxed by paying taxes.
You've actually hit the nail on the head. People don't mind high taxes when they get the benefits of them. The taxes aren't the problem, it's how they're spent.
Don't believe me? Look at Sweden or Denmark before the refugee crisis.
then they take all that money and ship it overseas
FFL fees.....
Add state to all those taxes and it double it. If you own a business add a corporate to all those taxes it so you have 3x. Then cap it with the best tax of all ....inflation.
forgot bow & arrow taxes
You forgot carbon tax.