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Another thing we need to learn from this: just how high Taxes are in the US. The middle class is getting hit really hard with this. US govt spends 38% of GDP,
by pascalxus 9y ago
Another thing we need to learn from this: just how high Taxes are in the US. The middle class is getting hit really hard with this. US govt spends 38% of GDP, so for the average person, they're losing 4/10$ they earn: though it's not all from income. And it's worse than you think, because it's not just about the income you make. When you spend that income, the purchasing power is much less because everything costs much more due to the high taxes. Example: Day care costs 1500 instead of 1000$ per month, etc, etc. And it's much worse in states where living costs are high: like CA and New york (where the author lived).
- deleted 9y ago[deleted]