Posted on 04/15/2010 8:39:44 AM PDT by Shellybenoit
Even in the best of times Tax Day stinks, but this Tax day is worse than most. The economy remains in the pits, spending has skyrocketed, taxes have gone up, and it seems as if with each passing day the American voter's voice in how those tax dollars are being spent, diminishes. That's the good news, the bad news is that next year's tax burden will be worse.
"I can make a firm pledge, under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes."- President Barack Obama, September 12, 2008
As recently as this past Saturday's radio address President Obama assured us that he was sticking to the $250,000 pledge. This is nothing but a blatant lie by the president. Below are just a few of the ways your tax burden will be much heavier before tax day 2011:
(Excerpt) Read more at yidwithlid.blogspot.com ...
Geez, thanks for that wonderful bit of cheer.
Thinkin’ of quitting my job (cutting back so much there that I’m taking home less than 1/2 of what I was making) and applying for welfare. Hey, man, I’ve been paying for it for 30 years, might as well get my “cut” while there’s still $$$$ there.
(kidding)
Once gas, taxes, payroll deductions and daycare are factored in, I am only bringing in $20 per week now than I was during the 5 months I was on unemployment last year. If it weren’t for the fact that the medical insurance from my severence was about to run out, it wouldn’t have even been worth it to take this job. If they offered to lay me off today and offered me extended insurance, I’d take it in a heartbeat. I rather enjoyed playing Mr. Mom. My wife’s work did some layoffs back in December and I was praying that she would be on the chopping block. Unfortunately, she wasn’t. With her salary vs daycare, gas, and unemployment, our family income would have actually gotten a bump. That is why for some, it is called “fun”employment.
Many people will feel this way, once all the taxes hit our paychecks. It will be more profitable to stay home & do nothing!
>>Many people will feel this way, once all the taxes hit our paychecks. It will be more profitable to stay home & do nothing!
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Says who? Cash will be the de facto payment to avoid taxes and the underground economy will gain more ground. Works for me..
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