Just because you won't miss the money, it doesn't mean other people won't. If you feel obligated to share your money with others, donate it. But don't force other taxpayers to pay more just because you want to.
The median income of American households dropped by $2,627 during President Barack Obama's first term — and the number of people in poverty rose by about 6,667,000, according to a new report from the Census Bureau.
Some 46,496,000 Americans are now in poverty, the highest number ever and a 16.73 percent increase from 2008 when Obama took office.
Overall, 15 percent of Americans are considered to be living in poverty, up from 13.2 percent in 2008.
But the figures are much higher for blacks and Hispanics — 27 percent of blacks and 25.6 percent of Hispanics are living in poverty. The rate for non-Hispanic whites is 9.7 percent.
More than one-fifth of all Americans under age 18 — 21.8 percent — are in poverty, as are 9.1 percent of those 65 and older.
A single individual earning less than $11,270 last year was considered to be in poverty. For two-person households, the threshold is $14,937; for three-person households, $18,284; for a family of four, $23,492.
Last year, the real median household income in America was $51,017, a 4.89 percent drop from 2008. Median income dropped in every year of Obama's first term.