As a change in the nation with the First Black President for the United States, I have thoughts of my future and my family. I am quite happy that this has happened since this will show that my kids have many opportunities for the future.
I have two jobs with one with my own business.
As a worker in the FAA but funding from the Defense Industry, the thoughts I have with my former coworkers who will be hit with a large funding cut. The latest info is that the DOD is estimating 25% cut. I suspect a larger amount and the amount will be closer to 50%. The base will remain but the a bunch will be out of work. With President Obama plan to remove our troops in Iraq in 16 months, They may arrive with a place with no jobs available. I hope that the troops who come back will not feel pain of feeling being left out. The largest bank is citibank and a small percentage of our troops will elect to rob the biggest bank community.
The tax plan for both was an affected $150k salaried but I believe these will be deeper. I feel that my current 20% tax rate will increase to the 28% or the higher 36% although he says that the $150k is the cutoff.
Accountants will have to get their stuff together because many small business will be taxed at a higher rate. Big business and higher incomed individuals have always found ways to reduce their tax and will be less affected than what most of us think.
I hope that my kids will get a funding for college but I think this will come through the tax increase from above.
I prefer socialized medicine since the cost of our medicine has gotten increasably high. But the result will be from the expense of all workers in the medical community. Which will affect my family who work in the community.
As of today, I am quite uncertain of my future and job prospect since I am a contractor.
