So you paid a little less than 10% in Federal income tax. What plans or promises are being floated by anyone that would increase your rate?A significantly greater problem than originally thought. By anyone.
I made just under 28K last year, paid nearly $2900 in Federal Income tax, got $520 in my return. I'm single, rent a small apartment, have no deductions other than myself. I pay $600 in monthly bills (rent, gas, electric, water, etc), $225 for my 'luxury' items (cable and internet, cell phone, trash collection, cat food), and another $350 in groceries and fuel for the car. I make roughly $7.75 and hour after all of the taxes are taken out. I drive a 14 year old Subaru. I take no government welfare (food stamps, clothing assistance, rent or bill assistance). I work a lot of overtime. I'm about to cut cable and internet.
What some of these uber-rich people pay out in just their income tax dues in a single year I could have lived off of quite well for 185 (one hundred and eighty five) years.
I know some of the people I work with have two jobs, kids, and more bills than I do. I live in an area where many fall into the same category that I do, somewhere between 'working poor' and 'working class', below the standard set to qualify as 'lower middle class'.
I'm not telling you all of this for some pity party, but just to let you know there are a lot of folks out here where an increase in taxes, a cutback in benefits, or reduction of services can mean the difference between eating, buying life saving medication, or being able to pay just the necessary bills to keep from freezing to death. The friend I visited today is so economically strapped they he refused to turn the heat on even thought the outside temperature was 32 degrees outside and it was snowing.
Maybe I am not as smart as some of you (that's probably obvious by now) but I still don't see how giving the uber-rich and giant corporations millions and billions of dollars in tax breaks makes sense when one-half of the government wants to bleed more from me (and the working poor) in taxes and more cuts.