Mon Aug 20, 2012, 08:46 AM
greiner3 (5,214 posts)
I just beat Romney's 13%.
I am on SSDI. I get about 20,000/year. Since this is my only income, I thought it would be fun to see how much in 'taxes' I pay a year. I'm sure there are more items and I can only estimate my taxes paid via sales tax as I don't keep receipts. BTW, I don't pay ANY personal income tax;
Property Taxes $2,400 Gas (0.464/gallon 35 mpg 12,000 miles) $160 License Plates $54 General Sales Tax (6.5%) (Say I bought $2,000 last year) $135 Pro Rate of Driver’s License $5 Tax on Phone and Cable Bill $84 Liquor Tax (Not a big drinker) $18 Total $2,696 As a percent of income 13.5% As to my LARGEST cost, other than the total mortgage, health care; Medicare monthly premium $ 99 No Part D but monthly cost for 5 prescriptions $ 79 Cost of 1 admit to Hospital $1,000 18 Primary Care co-pays @$16 per $ 288 Other Medical costs, etc... $3,800 Total $5,266 This is the average over the last 3 Years for Medcial The Principal, Interist and Insurance of my Mortgage $ 432/Month Budget Plan Gas, Internet (No Cable TV) and Electric $ 180/Month Gasoline $ 40/Month Car Insurance/Month $ 28/Month Food/Month (I don't eat much and grow a LOT of veggies) $ 80/Month Student Loan Payment/Month $ 328/Month Cat Food, Litter, Yearly Vet Visits (2 Cats) $ 290 Total For 'Other' $13,346 Grand Total $21,578 Subtract From Yearly SSDI $20,000 Equal -$1,578 ![]() So I Have/Month to Spend on Misc and Discretionary -132/Month in the Hole ![]() I did Have a Bit of Money in Savings and 401k But that is near $-0 now. I Need a Car Battery, Oil Change, etc... That will add to my negativity. 13.5% Mitt!
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