I make $12,468 on Soc Sec annually.
I have owned my own home since 1966, altho this is the third home I am in since then. I own all my vehicles, furniture, appliances, etc.
The newest car is a 1979 station wagon.
IF all my assets were declared to be $200,000 in value, that represents a lifetime of accumulation of books, clothes, furniture, kitchen goods, appliances, etc.
That tax would be $3000, which is almost 25% of my entire income. I cannot pay that. I do not think I am alone in this position.
God bless you! I’m going through a rough time, too — really rough — but I’m not giving up. (I don’t have a church paying me a salary, I don’t believe in it.)
You are right about wealth taxes. If they start on the rich it won’t be long before they are targeted at everyone.
“The newest car is a 1979 station wagon.”
My car was a pale yellow 1979 Mercury Zephyr and I got it in 1993. Fond memories of that car.
Praying for you:
Father God, please help ridesthemiles and meet his/her needs (sorry, don’t know if you’re a man or woman by your freepname). Be with him/her and make a way for more income. Father, send ideas and open doors. Thank You, and praise You! In Jesus’ Name, Amen.