![I_Want_Your_Money_UncleSam[1]](http://www.r3ddstudios.com/blog/wp-content/uploads/2009/06/I_Want_Your_Money_UncleSam1-223x300.jpg "I_Want_Your_Money_UncleSam[1]")
And they took it for sure!
My trip is approaching fast and I have started to figure out what my final pay is going to be. I have a 145 hours of vacation pay on my stub, and then I’ll clock in 115 hours of work for my last pay stub which is a 2 week period, and then that last week I work. I was doing some calculations and it was seeming I was going to get a fairly large couple of checks when I left. But, always preparing for the worst, I’m only counting on $2,500 from my Vacation pay, even though I have almost 4 weeks of pay on there. 4 weeks of pay, after taxes, would normally be about $3,500. But because Uncle Sam wants more and more of our money and find ways to tax you as much as possible, my vacation pay is going to be looked at as a
Bonus. So that means they are going to tax it at
42.75%. This isn’t a bonus, why in the hell tax it as such? If I was just taking two weeks off, I would get normal tax, but because I worked and didn’t take a vacation, they, as in the Government, is going to penalize me for it?
So in the U.S., they want us to work, work, work. Work to get that house, nice car, big screen TV, loan for this, loan for that. They look down on vacations. But if we work, and don’t take our Vacation, well, then they’re going to penalize you for that as well. It’s a god damn lose, lose situation with them! You’re damned if you do and damned if you don’t.
Thankfully, I pretty much knew that is what they were going to do, without even knowing for sure. So I’ve always planned on only getting $5000 when I leave. It’s just what you learn when working and living in the states. They will take your money and tax the hell out of you for as much as they possibly can, and there isn’t a thing you can do about it!
IRS are a bunch of thievs!! I work to pay you assholes!
June 23rd, 2009 on 9:23 pm
Pretty nice post. I just found your blog and wanted to say
that I’ve really enjoyed browsing your posts. In any case
I’ll be subscribing to your blog and I hope you post again soon!
July 9th, 2009 on 11:18 am
Hey TWG,
I think the taxes you are seeing don’t actually work the way you are thinking. Yes, they did take 42% out of your check, but you have to remember where that goes. That is your payroll deduction for state and federal taxes. You will actually be getting some of that money back when you file your 2009 taxes. The reason they deduct more from your check in this case is because they are deducting as if you made that much money in every 2-week period. Essentially you are being taxed like a “Rich Person”. But at the end of the year, your total tax liability will be much lower and you will get the other 10%-20% back.
The real travesty here IMO is the disparity in taxation between rich people and everyone else. There are fewer rich people, so they get owned at the ballot box and then by the IRS. Why do you think so many rich people create off-shore tax shelters and whatnot?
I think we should move to either a flat income tax or a flat consumption tax and get rid of ALL other taxes.
Have fun out there in the Outback!
-Zack