Well, tax judgment day has come and gone, and after finally paying the federal government its annual tribute, I feel more depleted than ever. Due to my higher income rate during 2008, I winded up in the highest income tax bracket possible, necessitating that I pay out more than 40% of my total annual income to the Man via federal and state income taxes. So sad.....
Looking ahead at the upcoming official federal tax brackets for 2009, it doesn't look like my taxation plight's going to get any easier, particularly with tax happy President Obama at the helm. Although his positive approval rating's through the roof and the man is absolutely oozing with optimism and confidence, I doubt many of his supporters are really comprised of scrutinizing individuals or small business owners like myself who actually pay attention to the potential tax implications of his slight of hand wealth redistribution policies. For the sake of competitive small business owners everywhere, I hope Obama doesn't go through with his increasingly aggressive crusade to seize the financial proceeds of those who have worked hard to get to where they are today, with his continuous Presidential blurbs of patriotic taxation and "spreading the wealth around".
My Current Net Worth and Financial Status Update Compared To Last MonthRead the full article »