Tuesday, October 11, 2011

Taxes

Do you have any idea the taxes you pay?  This is just a partial list. You can probably think of more. And, just think, our early colonists ancestors revolted because of a 1% tax on tea.

1. Ad Valorem tax
2. Building permit tax
3. Cigarette tax
4. Dog License tax
5. Driver license tax
6. Excise tax
7. Federal Income tax
8. Federal unemployment tax
9. Fishing license tax
10. Food license tax
11. Fuel permit tax
12. Gasoline tax
13. Gross receipts tax
14. Hotel/Motel tax
15. Hunting license tax
16. Inheritance tax
17. Inventory tax
18. Liquor tax
19. Luxury tax
20. Marriage license tax
21. Medicare tax
22. Personal property tax
23. Property tax
24. Real estate tax
25. Rental car tax
26. Service charge tax
27. Social Security tax
28. Road usage tax (toll roads)
29. Sales tax (groceries and medicine exempt in Texas)
30. Recreational Vehicle tax
31. School tax
32. State income tax (not in Texas)
33. State unemployment tax
34. Telephone Federal excise tax
35. Telephone Federal universal service fee tax
36. Telephone Federal, State and Local surcharge tax
37. Telephone minimum usage surcharge tax
38. Telephone recurring and non-recurring charges tax
39. Telephone state and local tax
40. Utility tax
41. Vehicle license registration tax
42. Vehicle sales tax
43. Watercraft registration tax
44. Well permit tax
45. Workers Compensation tax

And, guess what?  HR 4646 pending in Congress if passed will put a 1% transaction tax on ALL financial transactions, i.e. every time a deposit or withdrawal is made in your bank account; and every stock, bond, etc. transaction in your portfolio, etc., etc.  Do a GOOGLE search on HR-4646 for details.  Scary!     How much more can we be taxed before we revolt?  My Congressman tells me HR 4646 doesn't have a chance in The House.

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