Taxed to Death!

“At each and every stop, in items large and small, the greedy hand of
government has its sticky fingers in every pocket. With bread, a recent study
by Price Waterhouse shows that 30 different taxes imposed on the production and
sale of a loaf of bread account for 27 percent of the average retail price. Buy
some new tires and it’s $36 on every $100 that goes to the taxman. On the price
of a new car, an Americans for Tax Reform study shows that the total taxes
reach 45 percent of the showroom sticker price. Add some gas and 54 percent of
what you pay for a fill-up goes for 43 different federal, state and local taxes
rather than to the oil producer and retailer.”
– Ralph Reiland
Professor of Economics, Robert Morris College

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