Taxes everywhere and not a drop in sight

[oldfb]

Today I would like us to name every tax involved in bringing a simple one dollar candy bar into our house.

How much in taxes do we really pay for something that really is nothing more than .01¢ of raw goods.

Ready, set, go!

 

[smokingman]

Sugar tax and tariff to start the ball rolling.
U.S. Sugar Import Program | USDA FAS

 

[IndyDave1776]

Fuel tax (which is significantly larger than the profit made by those 'evil' oil companies), excise tax (on the vehicle), road use tax, social security and unemployment taxes on the driver every time the product or any of its ingredients are transported. We would also have to remember the 12% FET on the truck and trailer when sold new (something on the order of $200K, making a tax of approximately $24K) and taxes on the products and services used in maintenance being reflected as overhead costs in transportation, and this doesn't really have anything to do with the product, but the product is still carrying this cost.

Moving back to the product, you have sales tax at the counter and several layers of income tax and payroll taxes every time value is added or the product changes hands.

 

[oldfb]

The amount of taxation on a simple candy bar is probably close to 75% of that $1 when everything is broken down to the final amount based on however candy bars were made in the day.

Because you have to factor in all of the wages for every employee and employer associated with bringing one product to our house.

Taxes on advertising and raw materials plus salaries for every government worker and funding for each agency directly or indirectly associated up to and including the fraction of a penny that Obama or any sitting president takes in salary for that one single item.

Taxes on power, fuel military protection law enforcement and first responders for every area along the way.

The weigh stations on the roads for the trucks and on down the line.

It almost is incalculable the different levels that have eroded our simple candy bar. Lol

 

[Hotdoger]

Fuel tax (which is significantly larger than the profit made by those 'evil' oil companies), excise tax (on the vehicle), road use tax, social security and unemployment taxes on the driver every time the product or any of its ingredients are transported. We would also have to remember the 12% FET on the truck and trailer when sold new (something on the order of $200K, making a tax of approximately $24K) and taxes on the products and services used in maintenance being reflected as overhead costs in transportation, and this doesn't really have anything to do with the product, but the product is still carrying this cost.

Moving back to the product, you have sales tax at the counter and several layers of income tax and payroll taxes every time value is added or the product changes hands.

Taxes for the seller in the form of required city and state permits.

 

[valmoth]

another way of looking at this-- the total US GDP is around $15 Trillion. The US budget for 2012 is about $2.5 Trillion. Federal taxes alone account for 1/6th of all products and services we produce.

 

[nicajack]

About 20 or so years, the American Taxpayers League did a scenario with one U. S. dollar. It was spent into circulation, then followed through our society as it changed hands. it was not very long before it was totally consumed by taxes. Was a real eye opener. I am sure that the situation is much worse today, with much higher taxes and also more numerous at all levels....

 

[John Galt]

THIS is one of the many reasons the Fairtax is SOOOO appealing! Tax is ONLY collected at the point of sale of a new product and no taxes are extorted during the production of the product. PLUS, it greatly diminishes/removes the tyranny of the IRS from the equation. PLUS, it gives all products that are made in America a huge advantage as these embedded taxes are removed from the product.

We have the government the Founding Fathers tried to protect us from!

 

[valmoth]

one the majority (>50%) of the population benefits from the redistribution of wealth from the minority (e.g. taxes), democracy will fail. Let's hope that we can change this tax and spend trend soon!

 

[UltraRick]

This^

 

[NathanJefferson]

Revealed: Half of the U.S live in households that receive government benefits | Mail Online

^
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