Renaissance Nerd Wrote:
Nov 19, 2012 3:48 PM
I'm more worried about inflation than taxes. I got my last raise 5 years ago, and immediately we had a 5% pay cut because of bad economic times. That lasted 22 months. Then we had a 2.5% pay cut the next two years. This year I'm finally getting the pay I was raised to 5 years ago--first time actually getting my official salary. And in the intervening time, officially inflation has eaten up 12% of that, so I'm still not getting paid as much as I was six years ago. But inflation isn't quite as even as it seems. Some things are down, and they average out those goods rising faster than inflation, like food and gasoline. And now with a 6% tax hike, and more expensive health insurance, etc...I'm gonna be over 21-22% poorer. UGH.