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Taxes...
For 4 months and 1 week, or 3 hours out of every 8 hour day, you're working for the government - that's the USA.
It'll be more in other high tax areas like Europe..
The average American family of four, with a median income of $47,012, will pay $10,250 in federal taxes and another $6,110 in state
and local taxes - for a total "tax liability" of $16,36.
Average childcare costs will also eat up about $7000 per year.
And if I dare ask the question again...
If it's that bad in the world's richest country, what's it like where you live?
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And the higher the standard of living – the more you're likely to spend...
The average American spends $1.22 for every dollar they earn.
Just watch that pile up the debt!
- gasoline - $1200 per year
- spend hundreds on dry cleaning, pantyhose, and appropriate daywear
- eating out for lunches - $2000
- auto insurance - $500
- auto maintenance (oil, tires)
- parking $1800 - $5 per day
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Costs of raising a child
It's been estimated that it will cost about $250,000 to raise a child from birth to age 17.
And some experts reckon it will cost $17,000 for the first year alone
And when you compare those figures with Europe where tax rates are higher, social security costs are higher, sales tax (VAT) is 2 to 3 times
higher and gasoline (petrol) costs 3 to 4 times more, it gets even scarier.
If you'd like to read the full story at Kristie's excellent web site, Click
Here.
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