The Tax Man Transferreth April 15, 2016Posted by geoff in News.
It doesn’t look too bad, that is, until you consider that the services taxpayers are getting are being crowded out by transfer payments (social services payments) to non-taxpayers:
Yeah, that’s 2 trillion smackers by 2014, or 3X the defense budget.
So basically the amount of time you work to pay taxes hasn’t changed a whole lot in 50 years, but you’re seeing more and more of your money used to support those who aren’t working.
I.e., you see less and less benefit from paying those taxes.