DrJeff said:
A huge chunk of our taxes go into failed and corrupt government SOCIAL programs, not building roads and that sort of thing. Even so, I don't disagree that we need social programs; I'm just not really sure the government should be the one to implement most of them.
This last paragraph hits the nail on the head about why as a dentist you'll likely be griping about taxes, alot. If in your practice see patientsassocited with medicaid, you'll see the system being abused, and your tax dollars will be going to fund this. That 200 something million dollar bridge to nowhere thats going to be built in Alaska, pure congressional pork barrel project finaced by your tax dollars.
The "joy" of being a dentist, typically a small business owner too, is that you end up having quite a few legitimate deductions cliamed on your tax return each year. When those legitimate deductions get above a certian percentage of your gross income, you magically qualify for something that the government calls the alternative minimum tax, which is a true misnomer, as it results in you loosing many of those legitimate deductions and you paying above the standard tax rate. For example, in my case this year. my wife and I paid out our taxes at the regular rates for our income levels, and then after the alternative minimum tax was applied, we lost many of those deductions that most other tax payers get, like child tax credits, marriage credits, mortgage interest credits, student loan interest credits and business expense credits.
Plus as a dentist, if your making the "average" dentist income, that will place you in roughly the top 3% of income earners in the U.S. (roughly $140,000 a year), and that same 3% of americans provides over 90% of the income tax revenue colected each year, so will will be paying your fair share and then some. Call me selfish, but I'd raher see more of my tax dollars staying with me, so I can use them to take care of my kids financially, and maybe somday grandkids financially, than seeing it goto the person on food stamps driving the Escalade or buyin gthe Plasma TV. If it just went to, roads, national security and legitimate welfare instances, thats fine. Beyond that level of funding I feel that I can do a better job of managing my earned money than the government does.[/QUOTE]
preach brother preach, remember a lot of these peeps are spoiled college kids who don't understand what its like to provide for a family
i know i'm going to get **** for that but i stand with dr. jeff