Take Your Pick
The governor of Michigan is proposing substantial tax increases for middle-class retired people, especially those who own their homes, so he can give businesses a huge tax cut. We qualify for the higher individual taxes, but not the business tax break. Tough choices loom in our future.
The tax increases for us amount to six percent of our net income, income that already has been reduced due to rock-bottom interest rates and a lack of cost-of-living increases in two pension payments over the past two years. We will not be in as dire a situation as some, but we will be hurt badly. We will have to consider every purchase even more carefully than we now do.
Recently, by coincidence, we gained insight into the type of beverage choice that may become necessary. We bought a six-pack of V-8 juice cans for $2.99 just days after picking up a couple of bottles of really cheap, but pretty good, wine at Walmart. A bottle of the cheapo cabernet was $2.97.
True, it isn’t a completely fair comparison. The wine was two pennies cheaper, but a bottle contained 167 milliliters (about 6 ounces) less fluid than the six little cans of vegetable juice. Well, what are a few silly milliliters, anyway?
If the gov succeeds in pushing us right to the wall, the beverage choice may be difficult for Sandy. Easy for me, though. I’ll go for the grape.