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Not going to tax the middle class
Got my first check for 2013 a week later than I was supposed to because of the tax rate crap and our financial secretary refuses to take a chance on over or under withholding even a penny. I got a raise this year of 3% but actually it ended up being a freckle over 1%. Thanks Obama. And I can't wait to see what I have to look forward to as Pelosi is grinning from ear to ear making the comment that adding revenue wasn't finished.
payroll tax increasing from 4.2% to 6.2 % and obamacare taxes to kick in on top of that. My daughter just lost an extra $100 a month.
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The payroll tax (social security) should NEVER have been cut in the first place. That program is underfunded even at 6.2%.-PaulOriginally Posted by gmhr1
there's no good reason to fatten up a retriever.
Agree with you, Paul. Seemed like a pretty dumb idea to me. But it did provide some extra goodie for the two years leading up to the Presidential election
On the up side, it brings home again to people just how much they are paying into SS ... and Congress isn't doing anything to "fix" SS.
G.Clinchy@gmail.com
"Know in your heart that all things are possible. We couldn't conceive of a miracle if none ever happened." -Libby Fudim
I don't use the PM feature, so just email me direct at the address shown above.
Definitely should not have been cut in the first place. What would save us more money in the long run would be to open up drilling in Alaska and out west to lower oil prices. Get us back to what gas was costing when Obama took office in 08 and we'd have a lot more in our pockets than what the 2% cut is Social Security taxes gave us.
"Blastem Daddy!" My Son's advice to me as a big ole Tom turkey came strutting within range. My son was 6 at the time.
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To the title;
Who did people honestly think was going to bear the burdon of tax increases???
Are you that naive or just blinded by class hatred??
The "middle class" has, is and always will pay the freight!!
Wealthy folks have tax attorneys they pay more to (in salaries) than the taxes would cost to avoid paying them!!!!!
stan b
SR-HR-UH-Field of Dreams Mr. Elvis
"Don't give up.....don't ever give up!!!"
Jimmy V
__________________________________________________ ____________________
"Do not go where the path may lead, go instead where there is no path and leave a trail."
Ralph Waldo Emerson
I am an attorney and work with income and estate tax matters frequently. Most of my "wealthy" clients pay absolutely obscene amounts in taxes, and despite popular misconceptions there are no silver bullets. Some can utilize the lower capital gains rates for a portion of their income, but even then the vast majority are paying more far more as a % of their income than the vast majority of the middle class. However, even with lower tax rates the middle class is saddled with a very heavy tax load, since with their levels of income they are working much closer to the margin. I am not for any tax increases without accompanying spending cuts, but in this case I am glad to see FICA go up to its normal rate, since it "feels" like a tax increase to all Americans, even to the 47% who have no skin in the game when it comes to federal income tax. If nothing else it might possibly make people think a little before they blindly support tax increases that don't affect them.
" I have a firm policy on gun control . . . if there's a gun around, I want to be in control of it" - Clint Eastwood
look at how SS works. How it actualy works. Then look up ponzie scheme. Then ask yourself. Why is the government able to do something they put that Bernie Madeoff guy in jail for?????? And the PURE Waste in SS, I see it every day. UGH!!
"So what is big is not always the Trout nor the Deer but the chance, the being there. And what is full is not necessarily the creel nor the freezer, but the memory." ~ Aldo Leopold
"The Greatest Obstacle to Discovery is not Ignorance -- It is the Illusion of Knowledge" ~ Daniel Boorstin
Simple fix.
No one, I repeat NO ONE who didn't pay in gets Social Security.
It is not a slush account for Democrats to buy votes.
stan b
SR-HR-UH-Field of Dreams Mr. Elvis
"Don't give up.....don't ever give up!!!"
Jimmy V
__________________________________________________ ____________________
"Do not go where the path may lead, go instead where there is no path and leave a trail."
Ralph Waldo Emerson
Only the Democrats Stan? Really?????
there's no good reason to fatten up a retriever.
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