The 10 worst states for taxes
A state's tax climate can affect not only how far dollars stretch but also whether businesses want to locate there.
VIDEO ON MSN MONEY
You stated: "How would the government finance all the social programs?" That's just it! we don't want all of the "Social Programs" we just want to be protected from enemies, have a decent infrastructure, better Social Security and a few programs for those who do need them.
We are not Europe! we do not want to be Europe! Europe Sucks! Europe is bankrupt from all the "Social Programs" they provide.
The sense of Entitlement is bankrupting America.
NO MORE TAXES!
ANYBODY ELSE NOTICE THAT MOST OF THESE STATES ARE IN THE LIBERAL NORTHEAST AND KAHLEEFORNIA, AS SCHWARZENEGGER WOULD SAY?
The current federal income tax system is clearly broken -- unfair, overly complex, and almost impossible for most Americans to understand. But there is a reasonable, bipartisan alternative that is both fair and easy to understand. A system that allows you to keep your whole paycheck and only pay taxes on what you spend.
The FairTax is a national sales tax that treats every person equally and allows American businesses to thrive, while generating the same tax revenue as the current four-million-word-plus word tax code. Under the FairTax, every person living in the United States pays a sales tax on purchases of new goods and services, excluding necessities due to . The FairTax rate after necessities is 23% and equal to the lowest current income tax bracket (15%) combined with employee payroll taxes (7.65%), both of which will be eliminated.
I see below that my post has more negative responses than positive. Must be the comment on medical insurance. My reasoning is that the medical costs in this country are approaching 20% of GDP. This is what has to stop. The old quip about death and taxes was true years ago. Now death by taxes might be more appropriate. I have enough in assets that I must have medical insurance, though I'm not wealthy by a loooooong shot. My employer cannot provide it therefore I pay my own with after tax dollars. Frankly I'm not interested in subsidizing anyone's health insurance via taxes before I am able to pay for my own. This goes for gov't employees at all levels, welfare recipients, retirees, union employees, this list goes on and on. And to boot the insurance companies overhead runs about 20%+++ of premiums which includes mega profits. Medicare runs about 4% and most on it love the way it works as opposed to private insurance.
Medicare for all is the best way to go. After all we're already insuring all the bums in this country. Only at inflated costs rather ones we can control.
The professor then said, "OK, we will have an experiment in this class on Obama's plan".. All grades will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A.... (substituting grades for dollars - something closer to home and more readily understood by all).
After the first test, the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy. As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little.
The second test average was a D! No one was happy.
When the 3rd test rolled around, the average was an F.
As the tests proceeded, the scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.
To their great surprise, ALL FAILED and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great, but when government takes all the reward away, no one will try or want to succeed. Could not be any simpler than that. (Please pass this on) These are possibly the 5 best sentences you'll ever read and all applicable to this experiment:
1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.
2. What one person receives without working for, another person must work for without receiving.
3. The government cannot give to anybody anything that the government does not first take from somebody else.
4. You cannot multiply wealth by dividing it!
5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.
EDUCATE YOURSELF on what's happening to our freedoms! Quit calling each other names like a bunch of children!!! It's so frustrating.
To you who are pointing out all that taxes "do for us," take a moment and consider what you are saying. Before 1913, there weren't income taxes. They probably still created lists such as these. You take a narrow view of how things are, and assume that because this is the way they are done, it's the only way to do it.
Do you think for a second that, left to their own devices, a free market and creative populace would not have been able to create a higher quality of living? Even infrastructure would have been sorted out by common concurrence.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.