Yes, You Will Have to Pay Taxes
The seniors are doing their research papers right now. They have to research a career that interests them. I’ve had a good time helping them with the research, the outlines, the thesis statements, etc. I look forward to seeing rough drafts on Monday and delving into the editing portion.
Anyway, one of the boys came up to me early this week and said, “If I become a firefighter, will I have to pay taxes?”
I told him, “Of course you will.”
He looked at me with a blank face for a moment and then he finally said, “But Obama won the election and firefighters make less than $250k a year.”
“You will STILL have to pay income taxes,” I reiterated.
I went on to explain that Obama has promised to add an additional tax deduction for working people. He has said that the tax rate for middle income families will be less than it was during the Reagan years (not difficult to do, by the way), that families making less that $250k a year will not see a tax increase, and that middle income families will receive tax relief. The key word is relief, which in and of itself is a rather ambiguous word.
Nowhere does Obama say that middle income families will no longer have to pay taxes at all. However, SO many people came out of election season believing that. MANY voters think that their boat just bought the gravy train. As sorry as I feel for those who are uninformed, I also have to say that they could have avoided ignorance by doing a little light reading on Obama’s own website.
Foolishness.
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