The Real Tax Load You CarryAmericans rarely can agree on anything as our elections show. One subject where this isn’t true is taxes. Everyone complains about them. It is even worse if you know the real tax load you carry.
Mention taxes and most people will fume about two particular types – property and income taxes. There are plenty of reasons to be mad about these two subjects, but they are hardly the only taxes you have to pay. Cumulatively, the others are almost as painful and all the more so since they are subtle and most people don’t take them into account. Don’t believe me? Well, consider the following partial list of taxes most Americans pay and consider how many you don’t even think about:
- Federal income tax
- Social security tax
- State income tax
- City tax
- County tax
- Property tax
- Personal property tax
- Long capital gains tax
- Short capital gains tax
- Sales tax
- Estate tax
- Gasoline tax
- Water tax
- Sewer tax
- Business tax
- Utilities tax
- Phone tax
- Unemployment tax
- Airport tax
- Hotel tax
- Cable television tax
- Unemployment tax
- Cigarette tax
- Inheritance tax
- Accounts receivable tax
- Inventory tax
- Marriage license tax
- Liquor tax
- Medicare tax
- Road toll booth tax
- Vehicle sales tax
- Vehicle registration tax
- Gift tax
This is only a partial list. Not all might apply to you, but most will. Income and property taxes are certainly something to get riled up over, but never forget that they are also a bit of a distraction to keep you from focusing on all the other taxes you pay. Cumulatively, it is an outrage!
Contact us today at (800) 341-5433 or via this contact form for a no cost consultation on limiting your tax exposure. You have to pay Uncle Sam each year, but nobody said you have to leave a tip!
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