He was figuring 40% staight to the feds as income and SS tax, all other taxes aside. Add on top of that state, local, sales, sin and any other taxes that may apply. I'm sorry, but 50% plus in taxes is just wrong. Does Boston Tea Party ring a bell here? I think there was a country that tried this awhile back. Basically all the workers paid outragous taxes to the govt, then the govt in turn gave them everything they needed to live. They told them what to eat and where to get it from, what to drive and how much it would cost, how much fuel you were allowed for your car, where your children would go to school, etc, etc....
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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