romhero on Nostr: According to history, one of the reasons US colonialists wanted independence from ...
According to history, one of the reasons US colonialists wanted independence from Great Britain was because there were high taxes and no representation in the British parliament, summarized in the phrase "no taxation without representation"
In colonial United States, taxes were significantly lower compared to modern times. The average tax rate in colonial US was between 1% - 1.5%.
Today, taxes are much higher. For example:
• Federal Income Tax: The federal income tax rate ranges from 10% to 37%, depending on income.
• State and Local Taxes: These vary but can include additional income taxes, sales taxes, and property taxes.
• Payroll Taxes: These include Social Security and Medicare taxes, which are around 7.65% for employees and employers each.
Individuals around the world where taxes are suffocating and interrupt the way they want to live will want to gain independence from governments.
The best option as for now would be the cyberspace and the tool that will give them that freedom is #Bitcoin
History repeats itself.
Published at
2024-09-27 06:25:36Event JSON
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"content": "\nAccording to history, one of the reasons US colonialists wanted independence from Great Britain was because there were high taxes and no representation in the British parliament, summarized in the phrase \"no taxation without representation\"\n\nIn colonial United States, taxes were significantly lower compared to modern times. The average tax rate in colonial US was between 1% - 1.5%.\n\nToday, taxes are much higher. For example:\n\n• Federal Income Tax: The federal income tax rate ranges from 10% to 37%, depending on income.\n\n• State and Local Taxes: These vary but can include additional income taxes, sales taxes, and property taxes.\n\n• Payroll Taxes: These include Social Security and Medicare taxes, which are around 7.65% for employees and employers each.\n\nIndividuals around the world where taxes are suffocating and interrupt the way they want to live will want to gain independence from governments. \n\nThe best option as for now would be the cyberspace and the tool that will give them that freedom is #Bitcoin\n\nHistory repeats itself. \n",
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