I cannot believe I just spent the last 45 minutes figuring out my budget to realize that for every hour I work, I pay $2 in taxes!!! Bare with me because I just need to vent before I come to realize taxes are a good thing after all.
My math tells me that I only make 85% of my wages!!! This is crazy because I recently had a wage increase, which now feels like it basically made up for the money I was losing before the increase.
So….every hour, $2.04 that I worked are going into:
- Federal withholding
- Social Security
And you know what bothers me the most…SOCIAL SECURITY! I’m paying into a system that will collapse. Unless the system is reformed, I’m not even going to see this money when I retire. Because it’s not being invested in the future but rather, it is used to pay off current debt.
So now I’m going to shift gears and acknowledge that I live in the “land of opportunities” that has enabled me to accomplish many of my dreams and more. The streets are clean, it’s a pleasant society for the most part, it supports public education and a relatively effective government. For these vague and many more reasons, I can’t really complain. There is a price we have to pay to have it this good here in good ol’ US of A and 15% of my paycheck is my share.