I did the 'Tax Calculator' at that website and I'd owe several thousand dollars more under that system than under the current one.
Location makes a huge difference. We couldn't get ahead on $80k in Australia, but bought a house in Utah when our combined income was half that.I did the 'Tax Calculator' at that website and I'd owe several thousand dollars more under that system than under the current one.
Living in MD is tough. In TN, where I'm from, if my wife and I had this income level we'd be solidly upper-middle class and very comfortable. Here, we live basically paycheck to paycheck and not because we lead an extravagant lifestyle. (I drive an 8 y/o car and live in a house that doesn't even have AC)
I wouldn't mind paying if...well that would be for another post.I'd be lying if I said I don't mind paying taxes but I can appreciate the things that money buys us.
Federal money funds (among other things) the lions share of the research that keeps me employed (and will ultimately find cures to things like cancer, diabetes and AIDS). Wife works for Uncle Sam so it's paying her check too. As far as state taxes- I was sad to have to write a check for more than a new bike would have cost but I will say that we have beautiful parks here and the snow was always plowed from the street in front of my house allowing me to get to work okay.
I don't mind paying taxes, I just wish they wouldn't waste the money on stupid stuff.