As we round up the tax season stress many people are either frustrated with the little amount they received back on taxes or the large amount they are forced to pay in on taxes. I know I am one of the people as well. Every week I work an average of 45-65 hours and every two weeks I am depressed when I see my paycheck. It is such a bummer to me working so much and seeing $100-$200 taken out just on my state and federal taxes. Paying that much in one would think I would get a fairly decent refund check after filing my taxes... well once again, not true. It's rough being a full time student juggling a full time job and not even getting the amount of money I deserve.
Another situation, my mom, a real estate agent, works her butt off everyday of the week, gets smashed every year on her taxes as well. Each tax season my mom has to take out a loan just so she can pay into taxes. How's that justified? Real estate agents are to be "self-employed" even though they are not. Obviously something is wrong with this picture.
Final situation, President Obama, makes more than $700,000 a year according to CNN, and yet has a lower income tax rate than his secretary whose salary is aprox. $95,000 a year. So while I'm paying in what I feel is a lot of money on each of my paychecks, President Obama can barely say he pays his fair share at all.
I personally think something needs to change with the way taxes are handled. I'm tired of paying all my money into taxes when I feel like I barely get anything out of it. The trickle-down theory that we are said to have is a bust, and we should really get a more up-to-date way of handling these things and soon.
I agree that some of the ways we handle taxes aren't fair, but our government needs them to get anything done at all. I am also a full time student. I work five days a week and I am on the track team. I understand that the money taken out of my paychecks is going to the government, and is a necessary contribution. Without it, I would not have had my free education, there would be no nice roads to drive on, etc... I feel I do benefit from paying taxes. The only time I disagree with paying taxes is when I hear about government money going to ridiculous things in pork bellied spending, but as long as my money is helping people and society I do not mind paying my fair share.
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