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oppression / discrimination > 8 Ways Being Poor Is Wildly Expensive in America

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message 1: by [deleted user] (new)

It takes money to make money, they say, but if you don’t have money you lose money. Those with the money have been cutting themselves so much of the money pie that half of us are poor or almost poor now. According to the US Census Bureau, half of Americans are poor, or just on the edge. Fifteen percent (46.5 million) are in poverty, while “half of Americans are in or near poverty.” On top of that 76% of Americans are living paycheck-to-paycheck.

Republicans constantly talk about how good the poor have it. In 2002 the Wall Street Journal called the poor “Lucky Duckies” because they are “the beneficiaries” of the progressive tax system and pay little or no taxes. But the reality is that it just plain sucks to be poor. It’s actually more expensive not having enough money to get by.

Here are nine examples of why it is expensive to be poor.

http://www.alternet.org/economy/8-way...


message 2: by Alicja (new)

Alicja (darkwingduckie7) | 228 comments There is a huge problem with many companies, especially smaller ones, paying their employees as contractors and issuing them 1099s as opposed to W-2s. What it means is that they get more money in their pocket now but then owe the IRS money when they realize they must pay the whole 15-something percent in self-employment tax in addition to the income tax (while W-2 employees only pay 7-something percent while the other 7-something percent is matched by the employer). And many of these people are called contractors illegally since the positions they occupy fit the definition of full time employee. It is just another way businesses steal income from people already earning too little.

Oh, and now those taxes they owe the IRS must be paid from what money? So these poor people end up with penalties, fees, and interest on the money they owe. And even though there are ways of reporting the employers (who technically can't fire an employee for reporting), who is going to report in this economy? Laws are such that an employer may fire someone for any bs reason (if any at all). And the Republicans want less regulations?


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