Maybe lately I am so upset with the financial aid office of the colleges. If your income is below $40,000, the kids do not need to pay anything. But I have to pay full tuition because according to the government that I have equity for my house, so the government expects me to sell my house or get an equity loan to send my kid to college. When I calculate the estimate family contribution for FAFSA, the government does not put into mortgage, health care insurance, day to day living expense into account. This makes me very upset.
There are so many loop holes in the tax system. If you owe a business, a lot of your properties, incomes and expenses can put into the business. Many business owners report they only get minimum pay. I know some CEOs get a small pay check but a big chunk of stock options. The same as a lot of waiters/waitresses (especially the ones work in Chinese restaurants) that their income reply on tips. I know a waiter owes a house, two new cars and his kids receive low income government subsidized lunch. I know a family that the father working aboard, the mother reported that she worked at a factory earning minimum pay, it ended up all their kids received full government grant to go to college.
We work so hard for the money, a big trunk of it going to these people who receive welfare that they don't deserve.
What do we get? Loans and more loans, living paycheck from paycheck.:crazy::sick: