Just exchange USA for your country when applicable if you are not from the United States...
The next time you hear a politician use the word 'billion' in a casual manner, think about whether you want the 'politicians' spending YOUR tax money.
A billion is a difficult number to comprehend, but one advertising agency did a good job of putting that figure into some perspective in one of it's releases.
A. A billion seconds ago it was 1959.
B. A billion minutes ago Jesus was alive.
C. A billion hours ago our ancestors were living in the Stone Age.
D. A billion days ago no-one walked on the earth on two feet.
E. A billion dollars ago was only 8 hours and 20 minutes, at the rate our government is spending it.
While this thought is still fresh in our brain...let's take a look at New Orleans .. It's amazing what you can learn with some simple division.
Louisiana Senator, Mary Landrieu (D) is presently asking Congress for 250 BILLION DOLLARS to rebuild New Orleans Interesting number...what does it mean?
A. Well... if you are one of the 484,674 residents of New Orleans (every man, woman, and child) you each get $516,528.
B. Or... if you have one of the 188,251 homes in New Orleans , your home gets $1,329,787.
C. Or... if you are a family of four... your family gets $2,066,012.
Washington, D. C HELLO! Are all your calculators broken??
Accounts Receivable Tax Air (cell phones) Tax Building Permit Tax CDL License Tax Cigarette Tax Corporate Income Tax Dog License Tax Federal Income Tax Federal Unemployment Tax (FUTA) Fishing License Tax Food License Tax Fuel Permit Tax Gasoline Tax Hunting License Tax Inheritance Tax Inventory Tax IRS Interest Charges (tax on top of tax) IRS Penalties (tax on top of tax) Liquor Tax Luxury Tax Marriage License Tax Medicare Tax Property Tax Real Estate Tax Service Charge Taxes Social Security Tax Recreational Vehicle Tax Road Usage Tax (Truckers) Sales Taxes School Tax State Income Tax State Unemployment Tax (SUTA) Telephone Federal Excise Tax Telephone Federal Universal Service Fee Tax Telephone Federal , State and Local Surcharge Tax Telephone Minimum Usage Surcharge Tax Telephone Recurring and Non-recurring Charges Tax Telephone State and Local Tax Telephone Usage Charge Tax Utility Tax Vehicle License Registration Tax Vehicle Sales Tax Watercraft Registration Tax Well Permit Tax Workers Compensation Tax
STILL THINK THIS IS FUNNY?
Not one of these taxes existed 100 years ago...and our nation was the most prosperous in the world. We had absolutely no national debt... We had the largest middle class in the world...and Mom stayed home to raise the kids. What happened? Can you spell POLITICIANS!!
Now this is just an basic and easy version, neglecting any further special deductions. It also has to be mentioned that in practice you won't see anything of the money you paid for annuity insurance anymore. The national pension system is outdated and incapable. To get anything in old age, you need to sign an additional private old age pension system beside the compulsory one (in other countries such a thing would be called robbery).
The taxes and dues are just one side of the medal, the other one are incomes and those stagnate since 1990s in most branches, while large companies reached record turn overs. In effect it lead to the crown of world exporter no. 1 for germany industry and at the same time to notable contractions of the domestic market, as people didn't had money to consume.
Back to the US now, the financial crisis and the trade deficit looks so severe as the US market traditionally seem to be an consumer market - like Japan - where money is spent rather then saved.
Yeah, I agree with you on this; Politicians use the word "billion dollars" so easily without thinking carefully. I want them to have responsible for their words and improve the way to use our money wisely, too.
I think taxes are OK. I want to drive on a nice road,
have a good hospital to treat me if I have a heart attack,
send my kids to a good school that the government pays
for.
What I don't like is that the extremely rich pay less
tax than I do but use more of the infrastructure.