Jefferson Review

	Jefferson Review
	"Your Liberty is Our Interest"	November 20, 2006
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ECON 101

Editor:

The election is over, but not the paying for the cost of government.

Maybe we should pay taxes before voting?

Below is an analysis of the estimated cost of the many taxes we all pay.

Yes, your taxes may be different. Economics is not an exact science.

Each State, County and City is unique in its economic model.

This analysis is an estimate for someone in the City of Mexico, Missouri in Audrain County making the

estimated average of $12.75/hour.

There are other taxes such as Gasoline and phone taxes that are not part of this analysis, add them on for a better

analysis of your total tax versus income.

Please feel free to change the numbers to better fit your situation.

Your after tax income of 27.9% equals an effective earnings after tax rate of $3.56/hour.

Tax Rate	Running Total	Tax
0.1603	0.1603	Federal Tax
0.0620	0.2223	Federal Social Security
0.0145	0.2368	Federal Medicare
0.0600	0.2968	Missouri Income Tax
0.0200	0.3168	Missouri Non Food Sales Taxes
0.0150	0.3318	County Sales taxes
0.0600	0.3918	Inflation
0.0563	0.4482	Mandate taxes
0.0770	0.5252	County & School Taxes/Fees
0.1059	0.6310	City Taxes Includes Sales taxes
0.0900	0.7210	Indirect taxes
0.7210	<Total TAXES
0.2790	<After TAX	Effective after tax wages=$3.56

Ask yourself if your State, County, School and City officials are acting in your best interest.

Danny G. Goe

515 Eastholm

Mexico, Mo. 65265

573-581-3547

Non-Exclusive use only.

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