On what they really spend our hard earned money?

[pixbix]

Where does more of 50% our hard-earned money really go? We work hard, and often more than 50% of our income disappears into taxes. Salaries are typically taxed at rates exceeding 50%, and business profits face significant taxation as well, including VAT and dividend taxes. We pay substantial amounts, but we can't help but wonder how these funds are ultimately used. Are they helping single-parent families, do they give it everything to women who doesn't want to date a man, or where they really go ? or is there another real issue at play? What is the true purpose behind these expenditures?


Because of stats like this, many people think that the 50% we pay from taxes it's usually going to single mums who doesn't want to marry/work hard enough to pay their cover their own expenses :

1. Healthcare: 30-40% of tax revenue often goes toward healthcare services and programs.
2. Education: 15-25% is usually allocated for education, including public schools, colleges, and universities.
3. Social Services and Welfare: 15-25% can be directed toward social services, including support for single-parent families and other vulnerable populations.
4. Infrastructure: 10-15% of tax revenue may be spent on infrastructure projects, such as roads, bridges, and public transport.
5. Public Safety: 5-10% can be allocated for public safety services, including police and fire departments.
6. Administrative Costs: Around 5-10% might cover the administrative costs of running government offices and programs.
7. Environmental and Recreational Programs: A small percentage, typically around 1-5%, may be dedicated to environmental protection and recreational facilities.

 

[JohnnyDoe]

I have neither received, nor will I ever receive, anything in return to the money extorted from me by the state mafia.
I just pay a small pizzo to whatever state requires it for leaving me alone. If the amount is too high, I move elsewhere. Easy.

 

[JohnnyDoe]

1. Healthcare: 30-40% of tax revenue often goes toward healthcare services and programs.

And they make you sick.

1. Education: 15-25% is usually allocated for education, including public schools, colleges, and universities.

Better call it “indoctrination”.

1. Social Services and Welfare: 15-25% can be directed toward social services, including support for single-parent families and other vulnerable populations.

Aka electoral exchange.

1. Infrastructure: 10-15% of tax revenue may be spent on infrastructure projects, such as roads, bridges, and public transport.

Of which 90% goes to bribes.

1. Public Safety: 5-10% can be allocated for public safety services, including police and fire departments.

That is salaries for the picciotti.

1. Administrative Costs: Around 5-10% might cover the administrative costs of running government offices and programs.

On the books profits for the mafia.

1. Environmental and Recreational Programs: A small percentage, typically around 1-5%, may be dedicated to environmental protection

This one is an evergreen. The state mafia caring about the environment? Come on.

1. and recreational facilities.

Uh? Like casinos? State mafia paying for my recreational activities? Am I missing something? Can I get a reimbursement for fixing my tennis court?

 

[TheCryptoAnt]

Taxes dont pay for anything anymore, debt does. (In most cases; some countries are actually run like corporations with a positive EBITDA. UAE is one of them)
Taxes are the way a central bank has to control inflation.

Learn Modern Monetary Theory

 

[JohnnyDoe]

Taxes are the way a central bank has to control inflation.

Taxes are the only way the state mafia has to provide legitimacy for the otherwise worthless currency they print.

 

[Martin Everson]

Where does more of 50% our hard-earned money really go?

In my case in my pocket....greetings from the Bahamas


Sorry but any country that taxes citizens at a 50% rate or greater has legalized state theft of your money. Sorry but what sane person happily goes to work each day for the state to take half their money? Then takes the over half via inflation and debasing.

 

[JohnnyDoe]

In my case in my pocket....greetings from the Bahamas

Don’t forget VAT and import duties my friend

 

[Martin Everson]

Don’t forget VAT and import duties my friend

The correct way to implement taxes. Your taxed on what you consume

 

[JohnnyDoe]

The correct way to implement taxes. Your taxed on what you consume

There is no correct way to implement a wrong idea.

 

[TheCryptoAnt]

Taxes are the only way the state mafia has to provide legitimacy for the otherwise worthless currency they print.

word

insane to me that most people still think their taxes actually pay for s**t lol
talk about sheep

 

[void]

The correct way to implement taxes. Your taxed on what you consume

theoretically it's non-sense and not justifiable in any form
practically you're right - bad options have a scale and this one is probably the most "acceptable" (I even hate myself for saying that )

 

[JohnnyDoe]

theoretically it's non-sense and not justifiable in any form
practically you're right - bad options have a scale and this one is probably the most "acceptable" (I even hate myself for saying that )

Consumption based taxes are just a different type of coercion. They only give an illusion of choice: the more you consume, the more you pay.
“Taxation is theft, purely and simply even though it is theft on a grand and colossal scale which no acknowledged criminals could hope to match.” Murray Rothbard, The Ethics of Liberty, 1982. https://a.co/d/buHNjPM

 

[thomasparra]

In my case in my pocket....greetings from the Bahamas


Sorry but any country that taxes citizens at a 50% rate or greater has legalized state theft of your money. Sorry but what sane person happily goes to work each day for the state to take half their money? Then takes the over half via inflation and debasing.

In the West business owners generally pay way less than 50% as they reinvest the profits through a holding company to buy properties etc. Employees and small business owners are screwed though, especially if they can't relocate their activities overseas.

The US has 21% corporate tax at the federal level, plus another 8% if you are domiciled in NY/CA - technically this is higher than France and almost all other high tax countries. As usual, the larger you are as a corporation, the lower your tax level (Amazon paid 1.2% last year). The fiscal burden is borne by the middle class, and small business owners, hence why it's better to leave the West if you are in that box.

Capitalism is incredibly flawed (both theoretically and empirically) and I believe we are witnessing the start of its downfall but the system will explode way after we pass away (100-200 years) assuming no global war or other major global events

 

[ilke]

In the West business owners generally pay way less than 50% as they reinvest the profits through a holding company to buy properties etc.

Debatable. Plus, you're still paying that tax rate on the money you are actually getting.

The US has 21% corporate tax at the federal level, plus another 8% if you are domiciled in NY/CA - technically this is higher than France and almost all other high tax countries. As usual, the larger you are as a corporation, the lower your tax level (Amazon paid 1.2% last year).

So why are the top 1% in the US paying about 47% of the federal income taxes?

The fiscal burden is borne by the middle class, and small business owners, hence why it's better to leave the West if you are in that box.

And go where with what money? Lol

Capitalism is incredibly flawed (both theoretically and empirically) and I believe we are witnessing the start of its downfall

Which country can you confidently say is really capitalist?

theoretically it's non-sense and not justifiable in any form
practically you're right - bad options have a scale and this one is probably the most "acceptable" (I even hate myself for saying that )

It's the truth though. Import duties and visa fees are the best way to implement taxation (which, let's be realists, we're simply not going to get rid of in the near future), and (almost) such a system operates quite well in the Caymans.

 

[pixbix]

In the West business owners generally pay way less than 50% as they reinvest the profits through a holding company to buy properties etc. Employees and small business owners are screwed though, especially if they can't relocate their activities overseas.

The US has 21% corporate tax at the federal level, plus another 8% if you are domiciled in NY/CA - technically this is higher than France and almost all other high tax countries. As usual, the larger you are as a corporation, the lower your tax level (Amazon paid 1.2% last year). The fiscal burden is borne by the middle class, and small business owners, hence why it's better to leave the West if you are in that box.

I was adding them all toghether, property taxes, VAT , corporate tax, dividents,then you also buy something over expensive they pay VAT on top on it, and you can keep adding to these , radio tax, tv tax)

 

[TheCryptoAnt]

So why are the top 1% in the US paying about 47% of the federal income taxes?

Because they are individuals, not corporations

And go where with what money? Lol

People go east usually, or south

 

[thomasparra]

Debatable. Plus, you're still paying that tax rate on the money you are actually getting.

Not debatable, it is a fact in Western countries.

So why are the top 1% in the US paying about 47% of the federal income taxes?

These are individuals, incomparable.

And go where with what money? Lol

Healthcare, social benefits (unemployment, disability), infrastructure, free education. This applies in most of Europe but not in the US, which I believe has all the cons of Europe (high tax) but without the benefits (free healthcare, retirement, education). In that sense I'd much prefer to be in a "socialist" country like France than a low/middle class random in the US.

Which country can you confidently say is really capitalist?

It's the truth though. Import duties and visa fees are the best way to implement taxation (which, let's be realists, we're simply not going to get rid of in the near future), and (almost) such a system operates quite well in the Caymans.

US for the wealthy. Again, Amazon paid the highest taxes it has ever paid last year at 1.3%! Even if you were on minimum wage flipping burgers at McDonald's you'd be paying 10x more tax in percentage.

You cannot compare one of the largest countries on Earth with an island which serves as a glorified mailbox for multinational companies.

 

[Mercury]

In that sense I'd much prefer to be in a "socialist" country like France than a low/middle class random in the US.

Yes for the poor/lower middle class individuals. For those with decent/high income, rather be in the US. They'll pay less tax overall and can afford better healthcare, and to save invest for much better retirement income.

 

[EliasIT]

Sorry but what sane person happily goes to work each day for the state to take half their money? Then takes the over half via inflation and debasing.

They happily do this in Denmark just as an example. They're like blind chickens over there, happily paying up to 60% in taxes.