Yes, I'm blessed in the fact my wife and I make pretty decent money, but with two kids in college and two more in public primary schools we are by no means "wealthy"... And knowing that we have consciously made many very difficult choices (i.e. still renting - sold in late 04) to keep us out of any financial quagmires - only to have our tax money going to BAILOUT every frigging loser corporation/individual who failed to make these same tough choices INFURIATES THE HELL OUT OF ME!!
On top of that, with our gvt PRINTING TRILLIONS and taking on MASSIVE NEW DEBT LOADS - only to eventually destroy our savings, investments and purchasing power through substantial devaluations in the dollar - makes matters that much worse.
Summary of Our Federal Tax liability for 2008:
- We had just over $15K automatically withheld in 2008
- Four kids living at home
- Two of them in College
- Max 401K contributions
AND I STILL HAVE TO SEND UNCLE SAM ANOTHER $2,000 by April 15th!!!
In total, we're talking over $1,400 a MONTH in Federal Income Taxes ALONE - a ridiculous amount of money that I could certainly put to good uses for my family, rather than throw it down the gvt's crapper!
Now don't get me wrong. If I knew my taxes were going to something worthwhile I wouldn't be so upset, but I honestly believe we are throwing money into a bottomless bailout pit - with no end in sight - and nothing but HIGHER TAXES (in an unsuccessful attempt to pay it off) in our foreseeable future...
Many thanks for reading this short rant... My hope however is that I'm not alone in my feelings of anger and disgust with the system...
Where/when does it all end and how do we "the people" finally get a voice?