4. Too many mouths to feed.
Employee income is the most heavily taxed there is. In the USA you can expect that about half your salary will go to taxes. The tax system is designed to disguise how much you’re really giving up because some of those taxes are paid by your employer, and some are deducted from your paycheck. But you can bet that from your employer’s perspective, all of those taxes are considered part of your pay, as well as any other compensation you receive such as benefits. Even the rent for the office space you consume is considered, so you must generate that much more value to cover it. You might feel supported by your corporate environment, but keep in mind that you’re the one paying for it.
Another chunk of your income goes to owners and investors. That’s a lot of mouths to feed.
It isn’t hard to understand why employees pay the most in taxes relative to their income. After all, who has more control over the tax system? Business owners and investors or employees?
You only get paid a fraction of the real value you generate. Your real salary may be more than triple what you’re paid, but most of that money you’ll never see. It goes straight into other people’s pockets.
What a generous person you are!
Jerry Nelson is a freelance photojournalist living in Asheville, North Carolina. He has traveled the world documenting the tears, joys, laughter and lives of people everywhere. He currently focuses his camera on the same topics in America. His work has appeared in such diverse publications as USAToday, CNN, Upsurge, Dream Row and others. A portion of his income from each photo shoot is donated to organizations that help the homeless in the communities in which he works. You can see more of his photography by clicking here.