When it’s April 15 in a presidential election year, paying taxes is on the minds of Americans more than usual. Other than the fact we get three extra days to file our taxes (due Monday this year), paying taxes for most is near the top of the list of least favorite things to do.

When it’s April 15 in a presidential election year, paying taxes is on the minds of Americans more than usual. Other than the fact we get three extra days to file our taxes (due Monday this year), paying taxes for most is near the top of the list of least favorite things to do.
Really, we should be focused all year long on how much we pay in all taxes, not just income.
Let’s start with income taxes. Every one of our paychecks includes deductions for federal, state, Social Security and Medicare taxes. Because we don’t “see” that money, we often don’t think much of it.
Taker a closer look, however, and it’s a large chunk of our paychecks. Would we feel different if, instead of having those taxes taken out of our paychecks, we had to write a check for those deductions every pay period?
Then there are sales taxes, which usually are anywhere between 5 percent and 10 percent in communities. In Neosho, it’s 7.85 percent, which is comprised of 4.225 percent state, 1.125 percent Newton County, 2.375 percent city and .125 percent transportation.
Of course, many nationally argue about how much income taxes U.S. citizens pay or don’t pay. Basically no one can avoid sales taxes, and they add up quite fast.
We may not notice paying 7.85 percent at a restaurant, but the story is different for major purchases. Purchase a $20,000 automobile, for example, and the tax will be $1,570. We’d notice that not only because it’s a lot, but also because it’s not rolled into a loan and must be paid at the license bureau.
It’s times like that where those who live in the county, but outside the city limits, can see a substantial tax savings. Rural Newton Countians would pay 5.475 percent tax on the auto purchase because of where they live. For the $20,000 car, that’s $475 less in sales tax.
Our point is that we pay a lot in taxes when we make or spend money. That’s something to keep in mind, and most of us do, when politicians talk about raising taxes.