22 years ago today, I graduated from college with my 10 month old child in the arms of my lovely wife in the audience, and almost $60K in student loan debt, an entry level engineering job waiting for me at Michelin Tire's Spartanburg South Carolina radial truck tire plant, and the keys to a brand new '88 Honda Civic EX sedan in my pocket. It was the first time I'd ever made enough income to Owe federal taxes - no longer being able to draw on the earned income tax credit for individuals with wages below the poverty line.
22 years later, I now pay almost as much in payroll taxes each year, as I annually grossed in my first post-college job. The '88 Civic was taken from me by a drunk who T-boned my car at 6am while I was on my way to work on Thursday morning in 1995. That 10 month old has now graduated from college himself, and getting earned income tax credits, without the burden of student loans, or the growing job market that his father entered. Dr Desert Flower is no longer working retail on commission at JC Penny, but is just as lovely today as the day I married her.
1 year ago