Every individual or family earning $50,000 per year is, today, paying a hidden tax of at least $28,100 per year over and above federal and state income tax.
The cost of health insurance was $200 per month, $50 per month for a young person-the price of auto insurance, property insurance on a $1 million home, or life insurance.
Roughly $900 billion per year divided by 150 million taxpayers is $6,000 per person.
This allowed political pressure in the 1970s to force public schools to try to create equal outcomes for all students-which they found was impossible without lowering standards, which is why middle-class parents pulled their children and sent them to private schools at a cost of $20,000 to $40,000 per year per child.
If just one child per family attends private school at $20,000 per year, over and above the property taxes the family already pays, that's hidden tax four.
Hidden Taxes Per Year So if we add up the above hidden taxes, it looks like this: $9,600 plus $2,500 plus $6,000 plus $10,000 equals $28,100.
Let citizens keep that $28,100 per year! Universal basic income.
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