I have dedicated nearly a decade investing nearly all of my time into a successful life path. I did the right things - I studied hard and took on student loan debt to earn three difficult university degrees that would guarantee me success. And I found it, but high taxes that I face remove much of the return. Before taxes, I earn a pretty respectable salary. But after taxes are factored in, more than half my income is stolen from me (including taxes at all levels).
In the meantime, plenty of freeloaders who didn't have to work as hard as me have about the same before and after salary/wage because they barely pay any (if at all) taxes (see prior posts). My salary drops pretty close to theirs because of this fact. They didn't bust their ass in school, they don't have student loan debt and they were able to work the entire time making payments on a sports car, while I was hitting the books working a part time gig to pay my rent, food, and a few classes. And they get to keep most of their money. Now how is that fair?
Supposedly, because of my salary, "I can afford to pay more in taxes." Bullshit, I can't even afford a new car. My high tax burden just makes it harder for me to pay down my student loans, half of which are pegged at 6.8%; a good return for the bank. I had expected things to dramatically improve financially after I had finished school and started a career, but really all that changed is that my employer started paying the government more and bypassing me in the transaction as if I didn't exist. It's almost a sham.
See my problem isn't with paying taxes. Taxes are a necessity for a functioning government. But as they stand today, they are too high, inefficient and not equitable. Much of it just goes to waste.
Posts
