I m an MD in private practice. I own a practice, small business that employs about 40 people and has revenues in the multiple millions.

All in: the gov at various levels, state, local, federal. claims, confiscates / collects between 65-75 percent of all the money this business makes.

It is a privately held business and all the "profits " are passed through to the partners. My personal income tax rates is 45-50 percent and when you add in sales taxes, fees, on everythying I buy like gas, consumer products etc, ( I have tracked all this) , I pay 60-70 percent of my income in taxes.

My business is subject to payroll tax, numerous fees and taxes on utilities..

And then of course there is the dead weight loss of the MASSIVE stifling cost of compliance with all manner of burdensome regulatory schemes... paperwork, billing... for which I have to have additional staff, computer infrastructure. and more.

eventually all of this is going to come crashing down around us. We are already seeing it as interest rates rise and every single bank in the country is underwater.