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Author: eldynamite 10+ Year Anniversary! Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19414  
Subject: Re: SS taxed twice? Date: 3/24/2000 12:11 AM
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IMHO, the issue of double taxation is misplaced.

Government (all levels) spends something like 40% (not necessarily an accurate number) of the wealth generated in this country. In the end, consumers shoulder 100% of the burden. Businesses don't pay taxes; they collect taxes from consumers. Taxing corporations is a shell game devised by politicians to make us think that somebody else is paying our taxes.

So, the only relevant question is this: Do I pay my fair share (directly or indirectly) based on what I consume? My gut feeling is that I pay very close to my fair share, but our tax system is so complex that nobody will ever know what he/she pays.

And that's the real shame of double (multiple?) taxation. It obscures the real burden that we bear.

But, maybe it's better than the alternative. :-)

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