JD, you only THINK that you are in that low tax bracket of 38%. That is only what they take from you out of what you have left. Everything that you buy is taxed over and over and the taxes become part of the price you pay for goods.
Example: A 50-cent can of beans Farmer pays tax on the fuel he uses to raise the beans and harvest them. Farmer pays tax on the fertilizer, pesticide, herbicide, or any other chemicals he uses to raise the beans. Tax on the fuel to take the beans to market. Tax on the factory that processes the beans and cans them Payroll taxes on the employees at the canning plant. Taxes on the warehouse that stores and distributes the beans - inventory tax, property tax, payroll taxes, etc. Tax on the store that sells you the beans. Payroll taxes for the employees, business and real estate tax on the store, etc.
And, by the time it is done, the tax collectors get at least one piece of the pie at every transfer, and in most cases several pieces. So in reality, how much tax are you paying indirectly on a can of non-taxable food??? I would say a good hefty percentage of the cost of the food.
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Today's Featured Article - The Mud Daubers and the Old John Deere - by Jon Zehnder. I have a 1941, John Deere Model A tractor I have owned for about a year and a half. This is my first (in case my wife reads this, "FIRST") tractor and it has been a learning experience. After considerable advise and assistance from local tractor nuts and the forums of Yesterday�s Tractors, I had finally got it running pretty well. I have tuned it up, overhauled the carburetor, installed a borrowed, rebuilt magneto, installed a new Power-Trol, patched the radiator, installed new front wheels a
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