As I watch the stock market chart, it looks just like the roller coaster at Six Flags. The radio stations are filled with report after report of doom and gloom- AIG bail-out, Fannie & Freddie BROKE-- banks failing and being merged at .50 cents on the dollar, and politicians still promising FOUR chickens in every pot!
However, no one is talking about my problems. What are they? Taxes and more taxes, along with an intrusion of local, state, and federal governments the likes of which I have never before seen. Am I a wealthy RICH guy? Well no! Last year I filed a pretty typical Income Tax return showing about $70,000 in gross earnings for that year. This puts me squarely in the middle of the MIDDLE Class. However I could have grossed much more in my small business except for taxes-- here is what I paid to the "Temple" MONEY CHANGERS:
Income Tax - $5200
Property Tax - Home $3800
Property Tax - business- $15,900
State Franchise Tax- $2300
Assorted Licenses and business fees- $2580
Personal Property Tax- $1550
Drivers License Tags- $164
Sales Taxes Paid- $830 (according to IRS booklet)
FICA taxes mine-- $10,500
FICA taxes my employee portion- $11,450
Total Taxes-- $54,274
When I hear politicians say that I need to pay my share of taxes -- well this really ticks me off; as I believe I am ALREADY paying MY SHARE! In fact, taxes and fees are eating me alive!
I guess I just need to forget about all this, pay off my home, as I have been doing on-time for many years, and forget about how intrusive government has become. But I just wish for ONE TIME in my entire life a politician or government employee would enter my place of business, without their hand out looking for more money, and just say, "hello, I am with the government and I am here to HELP you!".
"Can I just have a very small piece of the BILLIONS in bail-out money? Since apparently I have Co-signed for all those bad loans", or "How about you DEED me one of those foreclosed homes?... nothing fancy-- say around $150,000 in estimated cost would be just fine!", I say.
Fat chance of that ever happening! ! :(
Joe Lalumia
Rockwall, Texas
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