from The Daily Sheeple:
American’s frequently complain about the amount of income taxes they have to pay every year, and understandably so. Income taxes average between 20-30% for most middle and upper-class Americans. However, US citizens hardly pay the most when compared to the rest of the world. Belgium, for instance, has the highest income tax rate for average wage earners, at 42.8%.
But where these statistics get tricky, is when it comes to hidden taxes. The one’s that don’t show up on your tax form. For that, United States takes the cake, or is at least paying more than most countries. A new report from the Competitive Enterprise Institute found that Americans are collectively paying $ 1.88 trillion due to federal regulations. When a new regulation is enforced on a particular industry, those costs are passed down to the consumer, so the things we buy and the services we use have a hidden tax that doesn’t show up on the price tag.
Read More @ TheDailySheeple.com
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