- I am privileged that I get to pay pay 56.3% in taxes
(Fed income of 28%/AMT, CA income of 13%, SS of 12.4%, and
Medicare of 2.9%)
plus high property and sales tax. For every $1.00 I
spend at a store or restaurant, I had to earn $3.00.
- I am privileged that I got to spend full price to send my
kids to college and also paid double the price so someone
else's kid, of lesser means and probably less ambition,
could go to college for free.
I am privileged that I have been able to forgo expensive
vacations, fancy cars, and a debt ridden life style so that
I could save money for retirement and pay more taxes to
cover those that didn't save for retirement.