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"At each and every stop, in items large and small, the greedy hand of government has its sticky fingers in every pocket. With bread, a recent study by Price Waterhouse shows that 30 different taxes imposed on the production and sale of a loaf of bread account for 27 percent of the average retail price. Buy some new tires and it’s $36 on every $100 that goes to the taxman. On the price of a new car, an Americans for Tax Reform study shows that the total taxes reach 45 percent of the showroom sticker price. Add some gas and 54 percent of what you pay for a fill-up goes for 43 different federal, state and local taxes rather than to the oil producer and retailer."
 By: | Ralph Reiland (more quotes by Ralph Reiland or books by/about Ralph Reiland) |
| Professor of Economics, Robert Morris College |
Source: | Taxed to Death |
Categories: | Corruption, Debt, Taxation |
Rating: |   |