Thursday, April 18, 2013

Tax Freedom Day

(c) Bjørn Christian Tørrissen

Pharoah ain't looking so bad these days.

It says in the Bible that "it shall come to pass in the increase, that ye shall give the fifth part unto Pharaoh, and four parts shall be your own".  A 20% Tax Rate?  What the heck was Moses complaining about?  Dude!  Take my people back!!!

Tax Freedom Day

Tax freedom day, calculated by the Tax Foundation,  is the day of the year that we have collectively earned enough money to pay our nation's tax bill for the year, this year it is today, five days later than last year.  According to news sources the Obama's paid 18% in taxes,  with that the case their tax freedom day was March 5th.  Had they paid the full 35% rate they wouldn't be free until May 8th.  Remember this is the guy who was campaigning that Romney was paying too little at 15%.  Apparently 15% is bad,  18% is good.  I fared a little better than average this year, my tax freedom day was April 11th.

Now Wait A Cotton Picking Minute!

18%?  I pay a greater percentage in taxes than the President of the United States?  His annual stipend from the government is far greater than my income, and I don't get free room & board.  How the hell does that work?  20%?  Like I said,  Pharoah doesn't look so bad these days.




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