Cumulative burden of taxes

Bullshot

Well-known member
Joined
Dec 21, 2018
Messages
1,710
Location
Two days into the rising sun
Finished filing and then I made a mistake today and added up all the taxes (Federal/State/Local) we paid in 2025. It was eye opening and eye watering. It virtually eliminated the point of my wife working, and cost us twice as much in a year as it is costing to pay a year of our daughters private college tuition. We live in a very high cost state. Between the two of us (she is a teacher, I work in the environmental / land use field (traditionally not the highest paying jobs compared to all the ppl in finance, pharma, law, and medicine around here) we are "fortunate" to make enough money to not qualify for virtually any govt tax break, federal tuition assistance, or subsidy of any kind, but the joke's on us. Makes us feel we'd be better off losing one of our jobs to put us back in a more advantageous bracket. I am so discouraged, but it explains so much about why it seems we work so hard but only feel we are falling a little further behind each year. Just venting. Wow. Happy tax filing week to all.
 
The tax burden in our country is born by high earners, not the truly wealthy. The people who get the worst of it are just over the margin of "enough."
 

Latest posts

Forum statistics

Threads
118,828
Messages
2,207,955
Members
38,660
Latest member
rookieforever33
Back
Top