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> Throw in city and state taxes and burdens can be pretty abysmal. Ah, see, that's the problem. First, you pay federal income tax. Second, you pay state incom
by maratd 14y ago
> Throw in city and state taxes and burdens can be pretty abysmal.
Ah, see, that's the problem.
First, you pay federal income tax. Second, you pay state income tax. Third, you pay payroll taxes/fees. Fourth, you pay property taxes for your residence. Fifth, you pay state/county sales taxes on whatever you decide to buy.
Oh, did I mention that widget you bought that came from China probably had some tariffs on it?
Made in the USA? No worries. You paid for some of the federal/state payroll taxes/fees the manufacturer was responsible for.
- maratd 14y agoOops! I thought about it and I forgot one! If you live in a big city, there's a chance they have an income tax of their very own! http://www.nyc.gov/html/dof/html/services/business_tax_nys_income.shtml http://www.nyc.gov/html/dof/html/services/business_tax_nys_i...