Thursday, June 13, 2013

5 THINGS NOBODY TELLS YOU ABOUT BEING POOR

[NSFW text]

Being poor is like a game of poker where if you lose, the other players get to f*** you. And if you win, the dealer f***s you.

A bunch of you reading this are among the 45 million "working poor" in America, and if you're not, you know somebody who is.

Like me.

[And me. Please donate. - c]

http://www.theburningplatform.com/?p=55931

1 comments:

Concrete Jungle said...

That's pretty funny - not his being poor, but his humor.

Odd that he left out taxes. I'm certainly not rich, but owning my own business I have a whole set of additional problems - have a bad few months? have to lay someone off - that sucks. But the worst is taxes. The gubment takes 15.3% off the top of every dollar in "self-employment tax", the remaining 84.7 cents get taxed at the federal tax rate (which for me, last year, worked out to 11% - I'm in a higher bracket, but 11 cents of the total 100 cent pie is what I shipped off as federal taxes. The average for all households in Muricka is 17.4% as of '09, so yay us!). That left me 73.7 cents. Then the state came in and the effective state rate was 2 more cents (it's actually a stated rate of 8%, or something in that area, but they took 2 cents of each dollar - I'm just trying to keep it straightforward and not hold back), so now I have 71.7 cents.

But wait, there's more. We own our house and fortunately it's pretty decent and in a low property tax enclave near a large metropolitan city - still took 4.5 cents of my income to pay property taxes on our 2 cars, the house, and some other miscellaneous items. 67.2 cents left.

We saved about 5% of our income last year, not good, but that's life. So we spent the rest. We know 32.8 cents went to taxes already, and about 15 cents went to partially deductible mortgage payments. So, roughly, the remaining 52.7 cents went towards expenses, which are all taxed at the local retail tax rate of 7%, or 3.7 more of my cents went to taxes - total is 36.5 cents gone to taxes, and all I have to show for it is a government that employees 1 out 5 working class citizens to spy on my private life and support a perpetual state of war. If I were rich, that tax number would be substantially higher, and I'd be really upset.