From: Dehede011@aol.com
Date: Sun Jul 07 2002 - 21:30:31 MDT
Someone said:
"Well, my biggest gripe with taxes is that those "teeny slices" add up to
over 60% of my income!"
Let me offer an example from the other end of the spectrum. I am
studying accounting and this semester I am doing a course in payroll
accounting. The problems we work on are fictious in that the names are made
up. But they are "live ammunition" in that the conditions are entirely
typical of what we will see in practice.
Last week we did a paycheck for a woman with two children that made
about $15,000 per year. She is making so little that the law says she gets
an income credit against her taxes.
My point is this: after paying state taxes, local taxes, FICA, health
tax, etc. she was still paying more than such a person could afford. But
what was worse was realizing that the small break she got on her income taxes
was strictly window dressing for political purposes. Work it out for
yourself and take a look.
Now, someone will question whether I am advocating "soak the rich" to
the advantage of the poor. The answer? Nope. In the over all I am saying
the congress criters passing these bills are so greedy for our money they
have no mercy at all on anyone.
Ron h.
This archive was generated by hypermail 2.1.5 : Sat Nov 02 2002 - 09:15:13 MST