Thursday, October 23, 2008

Government Gets My Bonus

$570 bonus minus Fed Withholding minus Fed MED/EE minus Fed OASDI/EE = $384 bonus. SWEET.

And you ask, am I FOR redistribution of wealth? Hell no.

We hear stories about wealthy people trying to get out of paying taxes and whatnot, I can't say that I blame them. I look at a bonus check like that and I feel like throwing up. If I had a check for $500,000 that was taxed at the rate I'm taxed now, I'd consider it too. Oh, I'm so greedy, right? Right. I work. I went to eight years of school for that modest bonus (not that I'm complaining, ANY bonus is awesome, but the fact that the government takes their enormous share is what's unsettling). I'm paying back student loans that I will most likely carry with me for twenty years or more. I did the leg work and found the job -- the government didn't GIVE me my job. So the problem here is that I am being punished for trying hard, while people who don't seem to try at all are being coddled and pampered and certain presidential candidates are promising to CODDLE them MORE.

Here's the kicker. If I really get my shit together and hustle and somehow manage to increase my earnings, this type of proposed tax system will take MORE from me and give it to the poor. That's a real great incentive.

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