A Penny Saved is Two Pennies Earned

"[Benjamin] Franklin's quote was made before America had federal income taxes, state income taxes, and payroll withholding taxes. For even the middle class these taxes can add up to around 40 percent, and for those in the upper tax brackets they can add up to over 50 percent. If taxes take half of your earnings then you need to earn two pennies to have one to save. Thus, "A penny saved is two pennies earned"... This is one reason why it is so hard to make financial progress." - MicawberPrinciple.com

-------- [AWESOME photo by JD Hancock]