Relative Math
20.7K posts
We bring in $5 trillion. We spend $7 trillion. We borrow the difference. The Fed prints money to cover it. That's inflation. And inflation is making you poorer.
The average American pays approximately $524,625 in taxes over their lifetime, per @grok. That's about 34.7% of their total estimated lifetime earnings. That means essentially, every year from the ages of 18-65, you're paying on overage $11,162 per year over that timeframe. If you invested $11,162 every year into the stock market from the ages of 18 to 65, you would retire with more than $5 million. Taxes aren't just theft. It has a massive opportunity cost. I guess what we're trying to say is: ABOLISH THE IRS.
Philly Mayor Charelle Parker: "How dare you tell me, as mayor, how to tax you?"
