Tuesday, September 18, 2012

Out of Touch !


Here is a little story about a woman who gets a job at Wal-Mart. She starts out at $9.00 an hour. She is lucky and gets to work 40 hrs. a week for 50 weeks a year. That is $18,000 a year! She must pay 7.65% in FICA taxes .That amounts to $1,300. She must pay a state and local sales tax plus taxes on her car plates. I an guessing that she pays  up to or around around another 7%. That amounts to $1,260.  She must pay Ohio gas tax that will be an extra %.028 a gallon and with limited driving would add up to $500.00 a year. So far she pays taxes of $3,060.

That leaves her around $15,000 a year or around $1,250 dollars a month to live. Remember she has no health care but still must buy a car, pay rent, buy food, and pay utilities. She must also buy clothes for herself. All this and I am pretending she has no children.

Do we really want to make her pay federal taxes? If we place these taxes at only 15%, like Romney pays, that would be an extra 2,700 dollars a year.

There is no way that She can afford extra taxes and this is one of the reasons we give low income earners tax deductions that allow them to pay no federal taxes.  These are a part of the lazy, unmotivated 47% Romney attacks. Another group is the elderly but I will leave that for another time. Can anyone spell “OUT OF TOUCH”?

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