Tuesday, May 10, 2011

We Don't Pay Enough in Taxes (MY ASS)

Check your math.. rough estimate ,
Take a rough number like $100,000 (I don't want to be consider RICH by the administration)
1. Average Federal tax is =$21,617
2. FICA =$ 7650
3. Michigan State Tax 4%= $4000
4. Sales tax assume they save 12% (I know most people don't, but I don't want to be charged with over inflating the tax estimate) if you dont save it you spend it MI Sales tax rate 6% =$3742
5. Gas tax Michigan has an average of 37.7 cents per gallon in tax. 15,000 miles at 25 miles a gallon equals 600 gallons of gas and another $226 in tax
6. Since in Michigan you have to have a car you can add about $122 to register and keep tabs and plates


For a grand tax total of

$37,357 or about 37.36% of you income goes to the ever so efficient government

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