When you think about this, don't just think about the taxes you see. Yeah, you see that you pay Federal and State income tax, sales tax, land and property tax. Consider that every single item you buy, you are paying someone elses taxes on. If Joe Sixpack or ABC Corp makes an item you purchase, they price it so that all their costs, plus profit, is added into the price. So their income tax, land and school, healthcare, etc. is all added in. That's why raising taxes on the corps or business always results in higher prices.
Also consider all the unseen taxes you aren't even aware of. The excise taxes, regulatory fees and costs, the permits and things way back up the line you don't even consider.
I don't have a way to figure all this, but I can say with certainty that if any politician really wanted to help the common man he wouldn't be worried about taxing the rich. He'd be looking at lowering sales, property, school, excise, etc. taxes. In my state, 64 cents of every gallon of gas is TAX. It increases as the gas price rises. And they tax heating oil/gas/electricity here in the cold north.
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Today's Featured Article - Box Plow Blues - by Tom Schwarz. One of the first implements most tractor owners obtain is the box plow. For very little money, this piece of equipment promises to plow and flatten any hill or vale on your ranch road or farm. At least that's what I thought! As simple as a box plow appears, it can be rather challenging to make work correctly. In our sandy soils of Florida, traction is king. You can never have wide enough tires or heavy enough weights to get all the traction you want … unless you own a monster tractor. U
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