Someone once said that the only two things that are inevitable are death and taxes. And the IRS is making death by taxes look more and more like a possibility. Milady and I aren't rich by any means. She's a nurse and I'm a cop. I retired from the state, and now I work as a parish deputy. She retired from a state hospital and now works in private practice. So, we've got four piddling incomes, the kids are grown and gone, and we're feeling pretty good about ourselves. We're not rich by any means. We're the middle class. Working stiffs who pay our bills, live within our means, and try to have a little fun now that we've made it into our 60s. We don't even itemize. Turbo-tax makes me take the standard deduction. We're doing okay, feeling good about ourselves, and enjoying life.
Until tax time. My God, they take a big wet, juicy bite out of my butt this time every year. Yeah, we have withholding, the same as last year, but my "write the check" tax bite just goes up and up. The check is large enough that (without providing too many details), that I'm going to see a banker today. No big deal, but it requires a trip to the bank.
Just to give you an idea of our total tax liability, my last full year on active duty was 1979. We had two kids and had a car note. I was an O-2 with three years of service. I didn't make as much money that year as I'm paying in taxes this year. I'm amazed, the US Government is getting back every cent.
Milady and I were discussing it last night. We're supporting a family of four that we don't even know.
It's utter bullshit. It's confiscation on a huge scale. There are a lot of folks who don't pay taxes, or (in che case of the unEarned Income Credit), you may actually get more back as a refund than you actually paid in. That's right, some folks have a net-negative tax bill.
Politicians are big about talk. That's their stock-in-trade. They talk about the One Percent, they talk about rebuilding the middle class. They talk about fairness. It's not fair at all. If 20 cents out of every dollar I make goes to the IRS, tell me how that's fair, when some folks don't pay taxes at all.
We need a reset in this country and we'll explore the options later. Right now, I have to go see a banker.