Friday, January 25, 2008

OT: taxes

Speaking of taxes.

One of the great Wool Over Your Eyes tricks the Fed have perpetrated on people is that people that work, but don't make much money, don't pay any income taxes. The assumption is, they thus live tax free. So apart from State Sales taxes, property taxes in their rent, etc. they DO pay income tax.

If you work one day at a minimum wage job, 8 hours, $5.85 and hour, then take a 'sabatical' for the rest of the year and live in homeless shelters eating donated food, well you paid 7% of your income to Social Security. And your employer paid the same, so instead of paying you $6.26 an hour, Arby's just took that $.41 off the top of your wage and never told you. So you paid $3.28 in income taxes, or really $6.56. You are dirt poor and one EIGHTh of your work went to help my Dad pay his yacht club dues. God only asks for a tenth. Are the feds better than God? Sheesh.

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