How Your First Paycheck Can Lower Our Taxes

I work for a private school. Over the summer the school encourages the upcoming senior class to find jobs in the hopes that they obtain some real-world work experience. On Friday, they received their first paychecks. All of them were similarly dismayed to learn that their take home pay was not what they thought it was going to be! Some of the comments I heard – “How can anyone live on that?” “I’m better off working under the table in construction like I did last summer!” Their reaction to their first paycheck mirrored my own about 30 years ago. I’m sure all of you reading this have probably felt the same way. This got me thinking about our current state of taxation and why we are not collectively outraged by all of the taxes we are forced to pay on many levels. Is it because our employers deduct it from our paychecks and we never handle it? Could it be April 15th is a long way from November? Maybe others are comforted that their elected officials promise to sock it to those who are more well off than they. Since it has long been established that the only two certainties in life are death and taxes, it can be ascertained that there is universal agreement for the need to be taxed. The debate, then, is centered on whether it...

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