$14,857.55
The total of the deductions taken from my pay for all of 2005. Depressing. I know taxes are necessary for a lot of reasons, but when I see those numbers -- knowing I make a decent living but am by no means raking it in -- I wonder why the hell the price of everything keeps going up. Why the answer to everything is higher taxes. Why they say the State of California cannot afford to begin to repair or expand its crumbling, over-crowded roadways. How it can possibly be that there is not enough money going into the system to pay for everything that needs to be paid for. Why the million dollar question is now routinely the billion dollar question. I can't even fathom a billion dollars -- yet I hear it on the news every day. This is going to cost 3 billion dollars or that is going to cost 20 billion dollars. Where does it stop? And with these thousands of dollars taken from just my pay, I'm not even certain we won't "owe" more money when we file our returns. Sickening. I put "owe" in quotes because, like a lot of taxes and fees, I see it as a fake bill, one someone I don't know says I have to pay so they can spend it on something I really have no say about. Fuck! Of course, those taxes don't include property taxes, a whole separate animal that costs us another three grand or so a year. Or more. I don't even remember at this point. Income tax, property tax, sales tax -- how much of the money we make do you think we really get to keep? It's no wonder people are always looking for loopholes.
Honestly, where does it end?
I need to make an appointment with our tax guy and get it over with!
Honestly, where does it end?
I need to make an appointment with our tax guy and get it over with!
posted by PlatinumGirl at 6:56 AM
8 Comments:
Excellent point!
No matter how much we pay, government finds a way to waste even more.
And every time they raise a tax, it's for our "children."
More citizens need to add it up, how much they pay. We need more outrage.
We'd be toast if it weren't for deductions. Thank god I made some freelance income in addition to my regular income last year. That opens the door to a whole world of deductions.
LBB: Exactly the reason I always vote down bonds and new taxes!
PM: Our deductions will probably be the only reason we won't be writing a check at tax time -- if they ever take away the mortgage interest deduction (which I've been hearing rumblings about), we're gonna have a problem!
All I can say is, thank god for the child I gave birth to, cause it's a hell of a deduction. And next year I won't be sharing it...
Here's a bottom line for you. Your income is survival. You must have an income to survive...I think it's immoral for government to tax your survival. Tax my tea, tax my pants, tax my refreshing beverage...but leave my earnings alone.
...and go seahawks.
Ariel: Those kiddies are expensive little things . . .
Tracy: I agree that sales tax makes a lot more sense. I can't even imagine that actually happening.
There's no way that mortgage interest thing will pass. The version I heard is that they are going to cap it around $200k (loan principal amount). None of those congress members have mortgages under $200k unless the paid it off with bribes, in which case, they wouldn't want to upset their benefactors with passing the bill anyway.
PM: I think there would definitely be anarchy if the mortgage interest deduction went away at this point!
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