I am not usually one to complain about taxes. I fully appreciate the value taxation has on our lives. I appreciate the roads, bike paths, street lights, trash service, police, fire protection, and so on that I get from paying taxes.
I recently wrote about my bonus, and I got the pay stub for it yesterday. I will get the real money tomorrow. I looked to the bottom line, and it was quite a bit smaller than I expected.
I figured I would pay taxes on my bonus at the same rate as on my regular pay, or about 30%. Not the case! 42.8% went to the government!
I appreciate that I will get a substantial portion of that back next April, but that slightly changes my student loan payoff that I was planning. I am still going to put the entire amount into the loans, but there will be more leftover.
That concludes my complaining for the day.
