slice of koh

Now I know why people turn conservative once they start earning money.  It’s pretty shocking how much gets taken out of one’s paycheck from taxes of all sorts.  The new stimulus package includes about $790 billion in spending.  In other words, they will be spending about $2600 per person  assuming that there are little more than 300 million people living in the United States.  

Here’s the fun part.  It looks like I will only get some part of the $400 tax credit per year for 2009 and 2010.  So what happened to the rest of the $2200?  According to WSJ and AP, It seems like it will be funneled to the following items or people:

1. Unemployment benefits

2. Subsidy for someone else’s health insurance

3. One-time extra Social Security payment

4. People who buy new cars

5. First-time homeowners

6. Higher education and Public Education

7. Infrastructure

8. Alternative energy research

9. Environment

10. Police

Am I bitter?  A little bit.  There is really no incentive for me to help stimulate the economy.  It looks like I’ll focus on paying off my student loans.