Originally posted by NuminousCosmos
I live in Washington state...which is at the top of this list. I got $8.00 back from Uncle Sam. I make less than $30,000 a year in taxable income. My next door neighbor owns a chain of health/fitness centers. He just bought a new car and a boat.
WTF?![]()
Why are you puzzled? I also live in Washington, where there is no state income tax and where property taxes are low (not that anyone here understands that.) So you get $8.00 back. What did you pay in and what did you actually pay? Is the $30,000 your AGI (Adjusted Gross Income)? So after the AGI you got a standard deduction, right? And then you got a personal exemption, right? So the actual amount you paid taxes on is far less than $30,000. So do the math for us. Figure out the percentage you paid in taxes based on your gross income.
I'm guessing maybe 3-4%.
Now, I'm guessing your next door neighbor (Your next door neighbor! So you like live in similar housing, right? It's not like you live in the 'hood and he lives in a luxurious mansion.) has worked pretty hard for a number of years and INVESTED in his chain of stores while employing people to work in them, thus creating jobs and expanding the economy and paying a whole boatload more taxes than you do. He wasn't satisfied with just working for $30K a year, so he got a job, got a better job, and now he owns the job. So he put a ton of his own money into this chain of stores, maybe leveraged himself, and now, after a lot of work, he gets to buy a car and a boat. THAT'S KIND OF THE IDEA! If you work both hard and smart and have a goal to NOT work for The Man any longer, you can succeed and "pursue happiness" (on Puget Sound) or whatever you want to do.
Look: You can work for McDonalds or you can own a McDonalds. 50% of the franchisees started out just working for McDonalds. They worked themselves up. You could, too, if you wanted, but don't blame someone for having the energy and brains to be successful. You can emulate them or envy them: Your choice, but take some personal responsibility here for what happens to you.



