Once your kids work hard to collect all the candy they can get have them lay it out on the table.
My kids get to keep only 35% of what they collected.
Just kidding, I wouldn't do to my kids what the government does to us!
- First take 15% for Federals Income Taxes (average what people pay
- Second take 10% for Payroll Taxes (little more than it is, but use round number to make it easy)
- Take another 5% for State Income Taxes (IL flat tax - One of higher on middle class in nation)
- Take another 15% for capital gains taxes
- Take another 10% for sale tax (IL Cook County Sales Tax)
- Take another 10% for the gift tax (I picked a number )
My kids get to keep only 35% of what they collected.
- The I take 50% of all the candy collected and immediately toss it into the garbage.
- Give another 25% to the poor kids next door who decided they didn't want to trick or treat and they rather get just a little from the government, but not have to do anything for it.
- The rest of the 25% goes to other programs.
- Now we are tapped out. So I go to Shinto's Candy Store and get a boat of candy loan on credit in order to take care of the othre programs!
Just kidding, I wouldn't do to my kids what the government does to us!