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Income taxes are the worst. Here’s how badly we are being robbed 👇🏼👇🏼👇🏼
To pay a contractor $2,000, I first have to earn $2,857.
If I’m paying a 30% income tax, $857 goes to the government, leaving $2,000 to pay the contractor.
Then the contractor pays 30% in taxes on that $2,000, sending another $600 to the government and keeping $1,400.
So, for a $2,000 job:
•I have to earn: $2,857
•The contractor keeps: $1,400
•The government collects: $1,457
The government receives more money than the contractor who actually performed the work.
The income tax was created the same year as the Central Banking system, 1913. Conveniently right before the start of WW1 which locked in both systems with massive Federal war debts.
The Govt and Central Bankers steal our money and use it to fund agendas against our interests! No greater scam in the world.
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