I am hoping some of you more economically educated people in here can help me with a burning question that I have that I read about some time ago on the site about taxing your taxes? I was trying to explain to a friend of mine the dangers of the State collecting income taxes then, using those taxes to pay an employee of the State to do a job that private industry could do and then, having that income taxed.
Seeing as how this is my first post on this forum board please bear with me if my coding of HTML does not work correctly.
For instance, let’s take my State, California.
So, if I am reading this correctly and, if what I *think I remember reading in one of the books on here is that, my state needs to make at least $1.5 billion dollars a month to pay for it employment staff. Of that money, $177 million plus $48 million never go back into circulation due to income taxes. This artificially keeps the value of dollar at a certain percentage lower than what it really should be as the State is constantly taxing its on “income” and that money never sees the public’s hands.
Am I wrong in this or am I correct? And am I explaining this correctly and if not, can you guys please help me to better explain this to other people as i am tired not not being able to properly explain this.
Well, im off to slave away my labor to the govt so I won’t be able to check this until tonight. Hope you all have a good day.