CarolBeth Hawn on Facebook reminds me that my list of taxes you pay in the morning was woefully incomplete: You forgot to mention that the milk (taxed) you put into your coffee (taxed) had the following tax-line: Farmer (income tax) has land (property tax) on which he grazes his cows (tax on grass seed, tax on fertilizer spread by tractor, tax to buy tractor, which was also taxed in its production, tax on gas for tractor, tax on replacement tires and parts for tractor, which were also taxed in production), the cows were raised from calves produced on farm (capital gains) and visited by vet (tax on products, vet is also taxed ad nauseum) from semen purchased from an exchange (taxed), which are raised and milked in a milk shed or barn (more property tax) using equipment purchased (taxed, both on purchase and on production) and bottled (more equipment taxed on purchase and in production), sold to Meadow Gold (taxed ad nauseum), trucked to the grocery store in a refrigerated truck (taxed, taxed, taxed, gas tax), sold to store (sale is taxed, store is taxed ad nauseum) where it sits in big, taxed refrigerators, until you go to the store (gas tax, tax on vehicle) and purchase the milk (taxed) for your coffee (taxed). This is, of course, an abbreviated list. We’d need a flow chart to do it justice. The amazing thing isn’t that things cost so much, it is that they cost so LITTLE, being taxed on every level as they are!
Posted by gerardvanderleun at April 15, 2014 12:03 PM
In this segment, Virtual President Bill Whittle examines who pays what under the current system, and what we can do to make our tax code more efficient, more fair, more moral and generate more revenue.