Taxes are more than you think...

It just dawned on me that most people have no clue how much money the government collects in taxes. The following is an example of how much the government gets of the last $100 dollars I earn.

I make $100 and my taxes are:

$32.00 in federal income taxes.
$15.30 in self employment taxes.
$7.25 to the State of Maine.

With the $45.45 left over I purchase a 5 inch wedding cake from a great vegan baker to celebrate my third wedding anniversary.

I pay another $3.64 in Maine sales tax.

Now the baker has charged me $41.81 for her cake. Her costs which include everything from flour to oven gas adds up to $20.91 leaving her with a profit of $20.90 on which she pays:

$4.60 in federal income taxes.
$3.20 in self employment taxes.
$1.41 in state income taxes.

Total taxes on my $100 earned selling my services and buying a five inch wedding cake are $67.40 and I would argue the cost, pain and hassle required to figure this out and the angst not knowing if you figured it out correctly makes our whole system unbearable and yet we Americans, like the proverbial dog lying on a nail moaning, are doing nothing about it.

In the early 90's there was a organization that was hell bent on repealing the 16th Amendment. Although supported by John McCain, Fred Thompson, Mike Huckabee, Bill Archer, Tom Tancredo, Duncan Hunter, Mike Gravel, John Lindner, Saxby Chambliss, etc... the repeal movement only gained marginal traction. Looking back it's obvious that those in power DON'T want to see any change to the income tax system. The current system absolutely hides the real cost of government and allows those in power to pick winners and losers.

Major tax reform is rarely possible. The Tax Cuts and Jobs Act of 2017 did many things including limiting the state income tax deduction to $10,000. This resulted in high taxed (typically democrat controlled) states crying foul. They have done everything they can to have the tax cut changed while low taxed (typically republican controlled) states cheered.

I'm absolutely for the repeal of the 16th amendment and using a National Retail Sales Tax (NRST) to fund the Federal Government. Many believe this is too radical, but since 1776 we have had a "legal" income tax for only 106 years. I say it's time that we once again align our nation's revenue system to what our founding fathers argued was best.

Note - The taxes continue as the baker buys products and services and those people make profits, etc... Furthermore, this example doesn't include property and personal property taxes which for many add up to thousands of dollars. As with an iceberg much of the true cost of taxation is hidden:

"If True" Trump's Ukrainian Call

I'm so tired of hearing journalists using the phrase "if true" when breaking a news story. The President of the United States asked the President of Ukraine to investigate possible corruption between Ukraine and Joe Biden's son Hunter Biden and the major media (less Fox News) goes off the rails. Democrats declare the Rubicon has been crossed and Trump needs to be impeached... Before the release of the call transcript?

Now that the transcript of the call between President Trump and the President of Ukraine is public the spin is absolutely insane. I can't imagine how anyone can rationally concluded the President broke any law based on the transcript of the call. Prior to the transcripts release the Department of Justice made it clear they reviewed the matter and concluded no violation of campaign finance law occurred.

So again, how does "if true" become the story when the fact that Hunter Biden made at least $83,000 a month as a board member of Burisma is broomed? Burisma is the largest natural gas producer in Ukraine and it has been reported that Hunter Biden worked for Burisma Holdings from May 2014 to early 2019. Do the math... That's over $4.3 million dollars paid to a board member with I think it's safe to say zero experience in the oil & gas industry. I wonder what the other board members made and what political connections they boast?

PS I believe that Hunter Biden leverage his father's job into millions from Ukraine, China and maybe others. It seems convenient the whistle blower came forward the day after it was clear the Muller investigation had failed to result in impeachment over a phone call that even my liberal wife, who happens to have a PhD in linguistics from Boston University, said was "perfect".