Financial planning 101 for our elected officials - This course should be compulsory!!!
Lets say you have 2 families...
Lets say you have 2 families...
"Joe Legal" and "Jose Illegal".
Both families have 2 parents , 2 children and live in California . (Or any other state for that matter)
"Joe Legal" works in construction, has a Social Security Number, and makes $25.00 per hour with payroll taxes deducted.
"Jose Illegal" also works in construction also, has NO Social Security Number, and gets paid $15.00 cash "under the table" as a "Day Laborer".
Joe Legal.. $25.00 per hour x 40 hours = $1000.00 per week = $52,000 per year. Now take 30% away for state, federal tax and social security . Joe Legal now has $31,231.00.
Jose Illegal... $15.00 per hour x 40 hours = $600..00 per week = $31,200.00 per year. Jose Illegal pays no taxes. Jose Illegal now has $31,200.00.
Joe Legal pays for Medical and Dental Insurance for his family out of his pocket because his employer doesn't offer it due to the expense. Joe pays for limited coverage ..$1000.00 per month = $12,000.00 per year. Joe Legal now has $19,231.00.
Jose Illegal has full Medical and Dental coverage through the state and local clinics at a cost of $0.00 per year. Jose Illegal still has $31,200.00.
Joe Legal makes too much money to be eligible for Food Stamps or Welfare so Joe Legal pays for food... $1,000.0 0 per month = $12,000.00 per year. Joe Legal now has $7,231.00.
Jose Illegal has no documented income and is eligible for Food Stamps and Welfare. Jose Illegal still has $31,200.00.
Joe Legal pays rent of $1,000.00 per month = $12,000.00 per year. Joe Legal is now in the hole -<$4,769.00> ;.
Jose Illegal receives a $500 per month Federal rent subsidy, which entirely pays his rent of $500.00 per month = $6,000.00 per year. Jose Illegal still has $31,200.00.
Joe Legal now works overtime on Saturdays and gets a part time job after work to make ends meet.
Jose Illegal has nights and weekends off to enjoy with his family..
Joe Legal's and Jose Illegal's children both attend the same school.
Joe Legal pays for his children's lunches while Jose Illegal's children get free government sponsored lunches.
Joe Legal's children go home after school. Jose Illegal's children have an after school ESL ( English / Spanish Learning ) program which, again, is provided free of charge.
Joe Legal and Jose Illegal both enjoy the same Police and Fire Services, but Joe Legal paid for them and Jose Illegal did not pay.
ARE YOU MAD YET?!?!?! You should be!!!
"Joe Legal" works in construction, has a Social Security Number, and makes $25.00 per hour with payroll taxes deducted.
"Jose Illegal" also works in construction also, has NO Social Security Number, and gets paid $15.00 cash "under the table" as a "Day Laborer".
Joe Legal.. $25.00 per hour x 40 hours = $1000.00 per week = $52,000 per year. Now take 30% away for state, federal tax and social security . Joe Legal now has $31,231.00.
Jose Illegal... $15.00 per hour x 40 hours = $600..00 per week = $31,200.00 per year. Jose Illegal pays no taxes. Jose Illegal now has $31,200.00.
Joe Legal pays for Medical and Dental Insurance for his family out of his pocket because his employer doesn't offer it due to the expense. Joe pays for limited coverage ..$1000.00 per month = $12,000.00 per year. Joe Legal now has $19,231.00.
Jose Illegal has full Medical and Dental coverage through the state and local clinics at a cost of $0.00 per year. Jose Illegal still has $31,200.00.
Joe Legal makes too much money to be eligible for Food Stamps or Welfare so Joe Legal pays for food... $1,000.0 0 per month = $12,000.00 per year. Joe Legal now has $7,231.00.
Jose Illegal has no documented income and is eligible for Food Stamps and Welfare. Jose Illegal still has $31,200.00.
Joe Legal pays rent of $1,000.00 per month = $12,000.00 per year. Joe Legal is now in the hole -<$4,769.00> ;.
Jose Illegal receives a $500 per month Federal rent subsidy, which entirely pays his rent of $500.00 per month = $6,000.00 per year. Jose Illegal still has $31,200.00.
Joe Legal now works overtime on Saturdays and gets a part time job after work to make ends meet.
Jose Illegal has nights and weekends off to enjoy with his family..
Joe Legal's and Jose Illegal's children both attend the same school.
Joe Legal pays for his children's lunches while Jose Illegal's children get free government sponsored lunches.
Joe Legal's children go home after school. Jose Illegal's children have an after school ESL ( English / Spanish Learning ) program which, again, is provided free of charge.
Joe Legal and Jose Illegal both enjoy the same Police and Fire Services, but Joe Legal paid for them and Jose Illegal did not pay.
ARE YOU MAD YET?!?!?! You should be!!!
Pass this along to all the Blue and White collar Americans that are struggling from paycheck to paycheck to provide for their families.
This is an outrage that HAS to be addressed.
THIS is the time to get things started. We are poised on the brink of oblivion and it will take nothing short of an avalanche to get the bureaucrats to take action.
"Have a Blessed Day, after you pay your share to the man. And remember to press # 1 for English"
"Have a Blessed Day, after you pay your share to the man. And remember to press # 1 for English"
No comments :
Post a Comment