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Episode 117: Too Much Tax!
Season 1 · Episode 118

Episode 117: Too Much Tax!

Nate adds up multiple different types of taxes to come up with an average percentage of your income that you could be losing to Uncle Sam every year!! He also discusses class envy and a different way of thinking about it. Key takeaways: - Income...

Retirement Rescue Radio

June 28, 202124m 19s

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Show Notes

Nate adds up multiple different types of taxes to come up with an average percentage of your income that you could be losing to Uncle Sam every year!! He also discusses class envy and a different way of thinking about it.  Key takeaways:
  • Income Taxes
  • Social Security Taxes
  • Medicare Taxes
  • Gasoline Prices
  • Excise Tax
  Sources: https://www.thebalance.com/what-the-average-american-pays-in-taxes-4768594#:~:text=The%20average%20single%20American%20contributed,Tax%20Foundation's%20method%20of%20calculation. https://smartasset.com/taxes/kansas-tax-calculator https://smartasset.com/taxes/kansas-property-tax-calculator#:~:text=While%20the%20typical%20homeowner%20in,home%20value)%20is%201.37%25. https://www.ksrevenue.org/pdf/ppsumm.pdf https://www.salestaxhandbook.com/kansas/rates/lawrence https://taxfoundation.org/wireless-taxes-cell-phone-tax-rates-by-state-2020/ https://igentax.com/gas-tax-state/
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