More On The Big Scrape!
Posted: Sat Apr 03, 2010 1:13 am
Well another year and another Tax filing.
The wife being gone for 2 months of last year helped, and buying a new car. (And I guess the Mortgage and property taxes helped too.) Yet I still paid 17.1k to the Feds.
Next year my wife's absence will keep 4 months of her income on the shelf so I should be able to pay about the same, maybe 18k.
The next year will get crazy with no car deduction and no mortgage. As I reviewed this years structure...at 3% lousy raises for the wife and I...23 to 24k. And that isn't even considering increasing Socialist give-aways. And of course I will still have 4k or more for property taxes and pay 8.25% sales tax on EVERYTHING we buy.
If we used this money wisely I wouldn't mind. And it isn't just the money going out in cash, medicaid-Tit 19, Day Care, Dental, and Food Stamps to the "needy." Just 60 to 70+ Billion per MONTH. http://www.dphhs.mt.gov/statisticalinformation/tanfstats/tanf012009/table1.pdf
Or HUD assistance, $45.8 Billion for the needy. http://www.ncsha.org/blog/senate-passed-fy-2010-hud-spending-bill-45b-over-fy-2009
Or the $45.4 Billion in SSI for 2009. http://www.ssa.gov/OACT/ssir/SSI09/exec_sum.html
I mean that is not quite a Trillion $. Sure, we got that kind of cash!
And it is not even the HUGE $107 Trillion dollar (yeah trillion) shortfall in Medicaid and Social Security funding. (Which tells me the $11.2k we paid this year is gone money.)
http://www.ncpa.org/pub/ba662
It is the other stuff on top of it.
The median income in the US. $45.3k...and everyone from there down qualifies for EIC (Earned Income Credit). But the amount is 43.3 (single) and 48.3k (married-filing-joint) for 3 kids and down from there to produce that mark. $88 Billion in 2003. http://digital.library.unt.edu/ark:/67531/metacrs7962/m1/ This would be up to at least $120 Bill this year...with more "education" on it being available and the levels going up greatly.
But people need it...
Case 1:
Female, age 40, divorced, 3 children
Wages: $19.7k
Child Support: $9.6k (her nor the payees pay any tax on.)
No Rent, Mortgage or Utilities
Children get free school lunch
Father buys 1/2 the clothes and pays allowances (Kids have computers, Ipods, Xbox, TVs, $70, $80, even $140 "Fully Logo'd" Sports Jerseys)
Big Plan for the $5,100 EIC + 100% tax return on the $1700 paid through the year, for a $6.8k total. Breast Implants! Life is hard people.
Case 2:
Male, age 35, married, 3 children, 1 income ( )
Wages: $33k (w/ much unemployment, 2.4k un-taxable and some other un-countables, supplementals)
Child Support: $1k a year (yeah, a man getting it! Some real winner women out there.)
Unemployment: 4 Months Annually + 1 Month cumulative of partial UE.
House Payment and Utilities: $750/mo.
Food Stamps: $700 for 4 months (UE)
Children get reduced school lunch.
Big Plans for the $4,100 EIC + 100% tax return for a $10k total....a new boat, a gun or 2, some electronics for the wifey! Life is just Har People!
The wife being gone for 2 months of last year helped, and buying a new car. (And I guess the Mortgage and property taxes helped too.) Yet I still paid 17.1k to the Feds.
Next year my wife's absence will keep 4 months of her income on the shelf so I should be able to pay about the same, maybe 18k.
The next year will get crazy with no car deduction and no mortgage. As I reviewed this years structure...at 3% lousy raises for the wife and I...23 to 24k. And that isn't even considering increasing Socialist give-aways. And of course I will still have 4k or more for property taxes and pay 8.25% sales tax on EVERYTHING we buy.
If we used this money wisely I wouldn't mind. And it isn't just the money going out in cash, medicaid-Tit 19, Day Care, Dental, and Food Stamps to the "needy." Just 60 to 70+ Billion per MONTH. http://www.dphhs.mt.gov/statisticalinformation/tanfstats/tanf012009/table1.pdf
Or HUD assistance, $45.8 Billion for the needy. http://www.ncsha.org/blog/senate-passed-fy-2010-hud-spending-bill-45b-over-fy-2009
Or the $45.4 Billion in SSI for 2009. http://www.ssa.gov/OACT/ssir/SSI09/exec_sum.html
I mean that is not quite a Trillion $. Sure, we got that kind of cash!
And it is not even the HUGE $107 Trillion dollar (yeah trillion) shortfall in Medicaid and Social Security funding. (Which tells me the $11.2k we paid this year is gone money.)
http://www.ncpa.org/pub/ba662
It is the other stuff on top of it.
The median income in the US. $45.3k...and everyone from there down qualifies for EIC (Earned Income Credit). But the amount is 43.3 (single) and 48.3k (married-filing-joint) for 3 kids and down from there to produce that mark. $88 Billion in 2003. http://digital.library.unt.edu/ark:/67531/metacrs7962/m1/ This would be up to at least $120 Bill this year...with more "education" on it being available and the levels going up greatly.
But people need it...
Case 1:
Female, age 40, divorced, 3 children
Wages: $19.7k
Child Support: $9.6k (her nor the payees pay any tax on.)
No Rent, Mortgage or Utilities
Children get free school lunch
Father buys 1/2 the clothes and pays allowances (Kids have computers, Ipods, Xbox, TVs, $70, $80, even $140 "Fully Logo'd" Sports Jerseys)
Big Plan for the $5,100 EIC + 100% tax return on the $1700 paid through the year, for a $6.8k total. Breast Implants! Life is hard people.
Case 2:
Male, age 35, married, 3 children, 1 income ( )
Wages: $33k (w/ much unemployment, 2.4k un-taxable and some other un-countables, supplementals)
Child Support: $1k a year (yeah, a man getting it! Some real winner women out there.)
Unemployment: 4 Months Annually + 1 Month cumulative of partial UE.
House Payment and Utilities: $750/mo.
Food Stamps: $700 for 4 months (UE)
Children get reduced school lunch.
Big Plans for the $4,100 EIC + 100% tax return for a $10k total....a new boat, a gun or 2, some electronics for the wifey! Life is just Har People!