Half Your Paycheck To The Government In 2013
The president is convinced Americans need to pay more in taxes. Here’s what he said yesterday.
“I think everybody out there understood that was an important debate and the majority of voters agreed with me. By the way, more voters agreed with me on this issue than voted for me! So we’ve got a clear majority of the American people who recognize if we’re gonna be serious about deficit reduction we gotta do it in a balanced way.”
But let me tell you, come January 1, you’re probably not going to be happy with the amount of taxes you’re paying. That’s because it’s not just Federal taxes that you pay.
A middle class taxpayer pays 25% percent of their income in Federal Income Tax. Sounds, ok?
Then there is the Federal Social Security and Medicare payroll tax of 13.3%. You pick up 5.65% while you’re employer pays 7.65%. Add them up and that’s 38.3% of middle class family incomes going to Uncle Sam. But we aren’t done, not by a long shot.
According to the Tax Foundation, the average state’s income tax rate on the middle class is 4.82%. Of course, some states have it and some don’t, but we’re taking an average here.
Now the total: 43.12% of middle class income to taxes.
Oh, and I almost forgot, unless congress makes a move, Federal Income taxes go to 28% for middle income folks next year as the Bush tax cuts expire.
Neither party has said they want that to happen, but in Washington, well, you never know.
Also the payroll tax for those folks will go to 15.3% from 13.3%percent.
Did I mention state, property, corporate, and excise taxes? No?
All told, next year, total taxes will go to almost 50% for the middle class; the very group that the president says he wants to protect. That means 50 cents out of every dollar earned has to go to the government. Half of everything will go to an entity that didn’t earn that money, and shouldn’t be entitled to all that dough.
Unbelievable. You think most Americans agree that’s fair?
I don’t think so.
Publius Prime 
Agreed on all points. Worse yet, is about half the people out there pay no federal income taxes. If they started paying, then our taxes would drop from 50% to maybe 25% all things being equal. The only way to bring taxes down is to broaden the tax base- make more people pay.
So many folks really don’t understand how things work. The costs of these things are always passed down to you. If your employer is paying 7.35% on your behalf, it means that you aren’t getting that money into your pocket. All these taxes on the ‘wealthy’ are going to break the back of the average American. So you say, ‘then the government needs to mandate that they don’t pass down the costs.’ Ok, they can do that, and then the company will stop making its product or service, then nobody has a job (see Hostess). More regulation is the problem, not the solution. If you want to see complete despair and loss of your liberty, keep going down this path and encourage the government to just take over everything. Its been done before, if failed every time – resulting in unspeakable horrors and tragedy. Its so simple that it amazes people that understand this that anyone could possibly see it otherwise. The culmination of factual evidence shows that the current path we are on will destroy this country.