Discussion in 'Financial Cents' started by Mindgrinder, Jan 3, 2013.
I just puked and tweeted in my pants after watching this. Sorry, have to go for some clean up.
I couldn't press play. I can't stand to listen to the man speak. I always hear this dubbed version of some foreign dictator over his voice. nudge nudge..
wink wink. Classic Monty Python.
Had my opinion of him before he took office the first time--has not changed--IMO, he is still the biggest POS ever elected to office. Sorry I clicked to listen to the lying muzzie loving traitor. He can give 20 F-16s/parts/train pilots, crews to Egypt but cannot help America's hurting. We can give billions to countries that hate us but not secure our borders. We can have 30 bases in Germany alone but close bases here on our soil. No---my opinion of him has not changed.
I love the way he thanks us all for being on his team. That was nice of him. And I liked the friendly manner in which he talked to me like I was HIS chum. That was nice too.
Time to start the militias back up. Sort of, shake the dust off, you know? Where's the liberty tree meeting going to be?
Man, you're picking up on everything .. which will only remain fun if you don't tell the others
Senate-Passed Deal Means Higher Tax on 77% of Households
By Richard Rubin
January 01, 2013 1:54 PM EST
The budget deal passed by the U.S. Senate today would raise taxes on 77.1 percent of U.S. households, mostly because of the expiration of a payroll tax cut, according to preliminary estimates from the nonpartisan Tax Policy Center in Washington.
More than 80 percent of households with incomes between $50,000 and $200,000 would pay higher taxes. Among the households facing higher taxes, the average increase would be $1,635, the policy center said. A 2 percent payroll tax cut, enacted during the economic slowdown, is being allowed to expire as of yesterday.
The heaviest new burdens in 2013, compared with 2012, would fall on top earners, who would face higher rates on income, capital gains, dividends and estates. The top 1 percent of taxpayers, or those with incomes over $506,210, would pay an average of $73,633 more in taxes.
Much of that burden is concentrated at the very top of the income scale.
The top 0.1 percent of taxpayers, those with incomes over about $2.7 million, would pay an average of $443,910 more, reducing their after-tax incomes by 8.4 percent. They would pay 26 percent of the additional taxes imposed by the legislation.
Among households with incomes between $500,000 and $1 million, taxes would go up by an average of $14,812.
The bill, being discussed by House members today, would raise the top tax rate to 39.6 percent from 35 percent last year, starting with income over $400,000 for individuals and $450,000 for married couples.
The top tax rates on capital gains and dividends would go up to 23.8 percent, from 15 percent last year. The new rate includes a 3.8 percent tax from the 2010 health-care law that took effect today.
The Tax Policy Center’s definition of income is a gross measure that includes items such as the employer’s share of payroll taxes, making it larger for many households than the adjusted gross income shown on tax returns.
Here's the propaganda I get from the White House. Do you notice a disparity in the percent of people whose taxes are going up? Does #1 jive with what's above??
Check out the verbiage of #3: "...asking the wealthiest to begin to pay their fair share." God . . . I hate whoever wrote that.
"Asking" - that means it is optional, and it's not. "Forcing" is a better word.
"to begin to pay" - uh, how long have the wealthy been carrying this country regarding taxes. Put another way, who ALWAYS pays more. Who always pays nothing?
"fair share" - what exactly IS "fair." Is the largest portion of citizens who pay no taxes, yet can get a refund . . . is that "fair?"
He needed to use more memes like "sustainable", "green" etc and cap it all off with "for the children..."
AND raised by a Villiage!
Got this in an "official" e-mail this morn.
working Sheeple: "Hey, why did my paycheck go down? My taxes weren't supposed to go up . . . just those selfish rich people who can afford it."
2013 Increase in OASDI deduction (Social Security) –
‘‘Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010’’ provided a temporarily decreased from 6.2% to 4.2% in the Social Security employee tax rate during 2011 and 2012. The temporary reduction in the Social Security tax rate did not affect the employee retirement contribution rates for employees under the Civil Service Retirement System (CSRS), CSRS-offset, or the Federal Employees’ Retirement System. As a result, CSRS-offset and FERS employees have seen their payroll deductions decrease by 2% for 2011 and 2012. There was no deduction change based on this Act for CSRS employees.
As of Jan. 1, 2013 it's back to 6.2%, on the first $113,700 in wages. This is effective for PP #1, 2013 or effective 12/16/2012. Even though this reflects wages earned for the last 2 weeks of work in 2012, they are subject to taxable earnings for 2013 since the funds are paid out and available to the employee in 2013 or on pay day 01/04/2013.
In the movie Batman, the Dark Knight, the Joker is the hero of the movie right?
What does that have to do with this thread? Everything.
That's raised by a village idiot......
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