My company maintains a web based application that shows your compensation package. I wondered just how much the company actually contributes. On top of my salary, the company contributes about $8,000 to social security/medicare and about $8,000 toward the health care benefits. Neither of those appears in my "gross" compensation. To tax it, it will have to be moved into the "gross" compensation, then nailed at 39.6% under Obama's new tax scheme. There goes another $3200 into the tax rat hole. As I tally up the damage, Obama's new tax scheme is going to suck $20,000 more a year out of my pockets. My FIT will be in the range of $58,000. Holy crap!
I really need to figure out how to get out of that insane tax bracket. European socialism is starting to look like a picnic compared to what this communist bastard is shoving down our throats.
The goal of Marx and his subsequent communists was not to help the working class. It was to eliminate the middle class. What they loathed about the free-market system and industrialism is that it created the middle class. Many with the elitist/ruler mentality throughout the 19th century tried to devise away to eliminate the middle class to return their nations to the ruler/ruled relationship that gave the rulers so much more power.
Marxism/communism and Fabian socialism are just a couple of the means to eliminate the middle class.
And you're right. Many in America are at the borderline economically. They are just making their monthly payments, not putting anything into savings or retirement, and they may not be in a good position to sell their homes and relocate to a cheaper home and neighborhood. If they're taxes go up just a bit, they will be running at a deficit. The next step is to ask for some “assistance” from the government.
The only assistance I need is to be able to keep my earnings.