Homestead mailing list

[Bill Jones <billj AT harborside.com>]

Not at all.

The largest portion of that is the federal income tax, and the largest 
increase in the federal budget relative to GNP happened in the 
mid-sixties, as any suitable graph will indicate.  The wasteful programs 
created then are still with us now, largely, and the people to blame for 
that are the cowards who are constantly more concerned about their 
re-election than about doing what's right.

Rob wrote:

> You're lumping all the taxes together and blaming LBJ for them? 
> That's what I figured. To me it looks like a way to blame "the other 
> political party" for the way things are now. <Sigh>, no surprise 
> there, not even sure why I bothered to ask...
>
> Rob in WA, with 8.1 sales tax, a gas tax, but no state income tax.
>
>
>
> At  10/26/2005 05:05 PM, you wrote:
>  
>
> > That's a combination of average sales taxes, state and federal  income
> > taxes, FICA, etc.  It doesn't make sense to add in property taxes,
> > because there's nothing there that's proportional to income.  But
> > realistically, it does indeed contribute to the total tax burden.
> >
> > Social Security is so simple to comprehend, now that we know that
> > there's no miracle compound interest being earned in a locked box.  To
> > find out what FICA taxes will be like in 2030, just multiply the present
> > percentage by a ratio approximately equal to 3.2/1.96 (the ratio of #
> > workers per retiree now, to the projected # of workers per retiree
> > then).  I think you'll find it comes out to over 20% just for FICA.
> >
> > Of course, this doesn't account for things like economic collapse,
> > because it assumes that the percentage of people employed will stay the
> > same.  And either way, the retired person's SS will reflect not only the
> > percentage of people employed, but also how _well_ employed the average
> > worker is.
> >
> > Rob wrote:
> >
> >    
> >
> > > At  10/25/2005 12:49 PM, you wrote:
> > >
> > >
> > >      
> > >
> > > > If only there were some way to dismantle the LBJ spending machine, there
> > > > would be plenty of money.  We're paying almost 40% in taxes, after all.
> > > >
> > > >
> > > >        
> > > Show me how the fed is getting almost 40% of what I earn.
> > >
> > >
> > >
> > > Rob
> > > becida AT comcast.net
> > >
> > > _______________________________________________
> > > Homestead list and subscription:
> > > http://lists.ibiblio.org/mailman/listinfo/homestead
> > > Change your homestead list member options:
> > > http://lists.ibiblio.org/mailman/options/homestead/billj%40harborside.com
> > > View the archives at:
> > > https://lists.ibiblio.org/sympa/arc/homestead
> > >
> > >
> > >
> > >
> > >
> > >
> > >      
> > _______________________________________________
> > Homestead list and subscription:
> > http://lists.ibiblio.org/mailman/listinfo/homestead
> > Change your homestead list member options:
> > http://lists.ibiblio.org/mailman/options/homestead/becida%40comcast.net
> > View the archives at:
> > https://lists.ibiblio.org/sympa/arc/homestead
> >    
>
> _______________________________________________
> Homestead list and subscription:
> http://lists.ibiblio.org/mailman/listinfo/homestead
> Change your homestead list member options:
> http://lists.ibiblio.org/mailman/options/homestead/billj%40harborside.com
> View the archives at:
> https://lists.ibiblio.org/sympa/arc/homestead
>
>
>
>
>