General Discussion
In reply to the discussion: But if we enact single payer, your taxes will go up! [View all]gd770226
(35 posts)Fortunate for what? Because I have a high salary?
My original comment was made on the original assumption that it was a 10% payroll tax. The original poster has since explained that that is split between the employee and employer. I will stick with objection to a 10% tax, but add that at the 3.5% rate it is not nearly as bad.
However, even at only a 900 dollar a year increase, enough already. I live and work in NJ, a very very expensive state to live in. I am also divorced and pay child support for my 2 children. Also, I am a bit of a victim of the current economy. My divorce was final 5 years ago. 6 months after the divorce I lost my job. Had no job for 13 months. During that time there is no relief for child support and I ended up building up a big debt to the ex-wife. also wiped out what little bit of savings I had after divorce. When I got a job it was for 45K less than I had previously made. But still pay child support at the original rate. It took 3 years to pay back all the money I owed on the child support. and even after getting raises for the past 3 years at my job I am still well below my previous salary. And yes, the divorce and child support are more my financial "problem" than taxes are, but it all adds up. So, after all payroll deductions ( 401K ( 3% ), fed taxes, state taxes, social security, medical and child support ) I get to keep 44 cents of every dollar I make. It was like 36% when I was paying the back money. THen throw in very high rents in nj if you want to live in a decent neighborhood, etc. etc. The money goes very fast.
So yeah, I get sensitive when there are possible increases like this. Now I don't live in CO, but if this passes in one state it would grow to others and NJ would probably be one of the first to do it, as they usually are near the front on issues like this.
I just feel like in today's United States I'm just treading water. I get a small raise and there is some new tax or expense to just eat it up. I cringe every time I hear a politician say that they need new streams of revenue. I don't mind paying my taxes and never have, I just feel like I am right at the place where I am taxed enough. Before my divorce and unemployment I felt the government did a good job and that the safety net was very important, I still feel the safety net is important. I just don't feel that it is, or ever will be there for me. It was not there for me when I lost my job, and It wasn't there for me to make the divorce process fair and enquitable. So I want to view the government as being on my side and everybodies side, but that has not been my personal experience.