why does government get 35% of my investment? after 40% pay and 10% sales? tax?

If you think about it, there's really no such thing as your own property. Sure, you can buy land or a house or any type of building. But you still need to pay property taxes on those. It's somewhat odd and it's just one of those things that is so obvious and common and we never think of the implications.

 

It is insane. Cap gains is also on top of federal income tax, state income tax, FICA tax, property tax, gasoline tax, et al. Heck, I setup a UTMA account for my daughter and, while she isn't even crawling yet, she received a statement from our brokerage for tax purposes. It never ends.

 

When you get down to the business of figuring out what you're being taxed for and whether or not you're being taxed fairly, you're not alone. A lot of people think about these issues but no one has really been able to successfully explain why we get taxed so much when what we really get in return is a government full of elected officials who make more money than I ever will and some of who work less than I do.

 

They have to find a way to pay for our lousy health insurance nobody can afford. That is one of the major reasons why I don't live in the states anymore. They make it hard to live a decent life.

 

tax collected by government goes under peoples fund so that the government can develop their country and fulfill the needs of the country and to overcome poverty in the country.

 

@waseem59 I think you must be either brainwashed, or simply uninformed about the fact that all the governments, not only the USA, try to puppeteer us by any means.

 

Tax collected by government goes under their own funds so that the government can pay off their debts without worrying about the needs of the country and don't care about overcoming poverty in the country.