Monday, February 1, 2010

Monetary Monday - Taxes

Contrary to popular belief families with lots of kids do pay taxes.  People assume since you get a deduction for each child, and therefore a supposed refund, that we must not pay taxes.  It couldn't be further from the truth.  We pay a lot in taxes, probably  more than your average size family.  Simply because the more people you need to feed, cloth, house, educate, etc the more money you spend.  While it might not be federal taxes, the local and state authorities are making out like bandits.

Actually when we were self employed we didn't get a federal or state refund for 5 years.  If the government wants to do anything to stimulate the economy they should cut the taxes on self employed persons.  Seriously, its nuts how much money we were paying in taxes every year and we weren't making 6 figures or anything.  That's on top of property taxes for a huge house, special taxes on our van because of its size (we get charged double.  First for the class - its a commercial size van and again for the weight), taxes on food (sadly some places charge taxes on food), taxes on clothes, taxes on school supplies (we don't even get the benefit of the taxes we pay into the public school system), taxes on the 2 hotel rooms we need when we go somewhere, taxes on all our utilities, taxes on every breath we breath practically. 

Yes, we pay taxes.  But this year we get a refund, from federal, of which we have to pay state.  We owe state some $500 something.  I am excited, I can finally buy a new couch.  Now I have to find a good quality black leather/pleather/faux thing. 

2 comments:

  1. I was self employed for 10 years and it was a killer! People think that when you are self employed you stay home and everything is so easy. Couldn't be farther from the truth!
    I'm so glad that I found you and I enjoyed reading about your adventures being the mom of such a large family!

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  2. Oh thanks! Being self employed was an adventure. I do miss it but I don't miss the taxes!

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