Normally, I don’t post the same article here as I do on the front page, but I didn’t want this one to be overlooked. The Republicans are working hard to raise our taxes, while cutting the taxes of the rich and corporations.
According to Huffington Post, the Republican Party is all for raising taxes on you and me. Actually, I didn’t need to read the article to know that, they’ve been saying it all along. Paul Ryan – who is unfortunately, my representative in Congress – called the other night with one of them recorded messages. He stated, “I work for you.” Really? Because your roadmap for America plan makes it seem like you’re only working for the rich.
Pay attention, here’s where I’m going to do math.
|Federal Income Tax||$212.04||$312.50|
Under Paul Ryan’s plan, health insurance would no longer be pre-taxed. Under his plan, any single making more that $50,000 per year would pay 25% in Federal Income tax. The tax rate for corporate America? 8%.
So, basically, Ryan and his Republican cronies will be financing this country on the backs of the single people. A family of four can earn $39,000 without paying one penny in taxes, while us single people will only be able to earn $16,000 without paying taxes. That means that I will end up paying more in taxes – a lot more. Under Ryan’s plan, I will pay $12,250.00 in taxes. Under our current tax structure (and using the standard deduction and personal excemption), I only pay $9,917.85. That’s a difference of $2,332.15.
Anyone who is single, shouldn’t vote Republican. It’ll cost you in the long run.