Wednesday, September 14, 2011
Work and Taxes
I left a snide remark about how I was glad he enjoyed paying a higher percentage of his income in taxes than the super rich. Also gave an example of how once back in the late 90s the Senator of the state I was working in at the time released his tax return. He made over 10 times what The Old Lady and I did the previous year and paid less than half of what we did. This was not percentages but actual FUCKING DOLLARS!!
As sometimes happens, this kept popping up in my mind most of the day. When I figured out the percentages, I got pissed. We paid 10% of our income(which shows how fucking little we made) in federal tax, the Senator paid less than half a percent!!! Based on percentages, we paid over 20 times as much of our income than the Senator!!!
Looking back(hindsight being 20-20 and all), that was what probably caused me to lose any and all enthusiasm for working. I'd never had much enthusiasm for working, usually worked when I had to to survive, but after that I had more "quality time" in my work history. I guess in the back of my mind(??) I was thinking, why bother busting my ass to make more money when all it would mean is paying more taxes to subsidize the rich bastards who paid little or no taxes. I would never get to the point where I could reduce my tax burden like the Senator did. We have never been able to reduce our taxes with deductions, the standard deduction was always greater than our itemized deductions even though we have had mortgages and paid hefty interest on them.
This is all water under the bridge so to speak, shoulda, coulda, woulda!! I'm retired now, but if I had worked more, I'd get a few more dollars each month in Social Security.