Federal Tax Increase

Obama lied. As shocking as that two-word sentence may be to some, to those paying attention, the words "no shit" come to mind. The lie that I'm referring to is that he would only raise taxes on the richest Americans, those making $250k and up.

If you thought the lame duck congress extended the Bush tax cuts, you thought wrong. I just received a paycheck that's missing something. The federal taxes taken out of my paycheck increased by 23.86%. Supposedly, this is offset by a decrease in the amount taken out for Social Security. Many workers pay into a private pension and are exempt from social security. While we don't have to pay into Social Security, most of us already have for the first half of our lives, and there are laws in place to make sure we never see a penny of it.

So, the Federal Government is now collecting 23.86% more from taxpayers. That means they can increase spending by that amount and fool people into believing it's not adding to the deficit. If you have been paying attention to what's going on in this country, you already know that Social Security is going to be bankrupt before most of us can retire. If Social Security is it's own department, Social Security would now be receiving less, meaning the money would run out sooner. Well, it would if it wasn't a pyramid scheme from the start. What is the democrats' plan? Are they trying to ruin the future for everyone? I have a hard time believing they consciously are trying to ruin everything, I think they are just so dedicated to their lies that they are blinded to the truth.

For those of us where I'm employed, it means our paychecks are actually less than they were a year ago. The real shitty part is that we live in Illinois. That means when the democrats' 67% income tax hike goes into effect we'll really be hurting. As if the property, sales, gasoline, firearm, and vehicle taxes weren't painful enough. What is their goal? Are the democrats intentionally trying to ruin the economy? In Illinois I think the answer is yes, and I think most of the population here is too stupid to elect somebody that could fix it.

What are you doing to ensure you can retire? Are you planning on the government to be there with your money when you reach that age? Are you buying silver? Gold? Stocks? Do you have it stashed away in a bank account?