Originally Posted by raymor

I've actually fired a few CPAs, but as explained in my post those are total numbers for the entire economy - government expenditures over GDP.
Let's say you paid 20% corporate tax. You now have 80 cents of your dollar. You're required to take a salary and pay FICA on that, twice, which is 15%. Say you have 75 cents left. You then pay federal income tax so now you have have 55 cents. . Don't forget unemployment, state and federal. You have 50 cents left. State income tax brings you to about 47 cents. If you use that to buy gas, for example, there's gas tax, so you've got 40 cents of your dollar now. Of course before you paid corporate income tax you first paid the franchise tax. Either of us flyleaf easily list a few more taxes and boom you've got 35 cents of your dollar left, while the government takes 65.