Taxes for 160 million Americans are going up starting January 1

reply to post by Indigo5


It is not an equal playing field if you take a higher % from one group than another. Why should someone who is successful pay 35% and someone else pay 17% or nothing?

reply to post by ltinycdancerg


I agree with Gov Perry who says he will cut them to meeting every other year for a couple of weeks or months "they should go home and get a job" he said.

Originally posted by DerepentLEstranger
why all the butthurt and whining?
don't pay taxes, period.

simples

Thank you, someone gets it. That's why I am glad I have NEVER filed a tax "return" in my life. I've almost always had under the table or subcontractor jobs. Even the few corporate jobs I've had where they took out taxes, I still never filed a thing. Everyone has always said I was crazy, and laughed at me. Hm. Who's laughing now?

If everyone would just stop consenting to allow these crooks to run the show, and stop freaking paying them, while thanking them for the butt reaming, they could be gotten rid of in an instant.

Never gonna happen.

Originally posted by schuyler
Let me get this straight. As I understand it the "payroll tax cut" is a reduction in the employee contribution to FICA: Social Security, of 2%, so instead of paying in 7 and some odd % into FICA you'll be paying 5 and some odd % into Social Security.

The whole thing is absurd.

it's all positioning for the political exposure'


the payroll withholding reduction is not a tax decrease it is only a temporary suspension of the full tax required

Øbama & his handlers have tried in vain to have this temporary stimulus create a velocity in Money dynamic..
but the reduced SS withholding & the reduced weekly payroll tax have done little but help keep the average blue-collar worker keep up with the actual 11% inflation seen in food and other consumer staples


the Repugs & the Demoncraks are both using/abusing their offices & positions to jerk the masses around for political gain...hell...oust them all i say

2 months versus 12 months tax deferring... its all BS after all is said & done,,,

just like the Bush tax cuts were set to expire after his terms were up...
instead of actual Tax reforms and/or flat tax replacing the Monsterific tax system now in place
we seem to be getting distracted again by the BS ploys by these (insulated from reality) Elite fat cats in Congress

Just another example of the GOP wanting the average American to think "my taxes went up under Obama!"

Nothing more nothing less. Political strategy to out the enemy.

Originally posted by timetothink
reply to post by Indigo5

 

It is not an equal playing field if you take a higher % from one group than another. Why should someone who is successful pay 35% and someone else pay 17% or nothing?

OOPs..

that is (in my way of thinking) the 'trap'


the bottom status, laborer-worker that has a 17% tax rate and weekly withholding will usually get a great portion of the tax withholdings back...thus sending a tax return that only owes maybe 8% of the 17% base tax

that same taxpayer can opt to claim 8-9-10 'dependents'... which will work for 1 year until the IRS investigates the excessive 'dependents' claim
the same worker can opt to contribute 60-8-% of their salary/wage into their 401k contribution... thus not get taxed on that money...later on they can request a 40-1k partial redemption--- and that money taxes will only be 10% --So, you can play the system for 7% at least until tax filing time on April 15th the next year.



Now the better compensated guy that has a tax rate at a nominal 35%...

their taxes - after all the exclusions, loopholes, deductions, and other hocus-pocus accounting tricks are exercised will owe only about 10% (at the most) of the 'officially listed' 35% taxable income rate...

see, that 35% level of taxable income has hundreds of adjustments to income, which will reduce the 'taxable income' to somewhere near the income of the poorer folks that pay the 17% tax rate


so for example a $50k income gets reduced to $12k of taxable income for the 35% wage earner
then a $12k income with little adjustments gets down to $9k of taxable income for the 17% earner

Now whom pays less...who got the most breaks...who doesn't feel they got raked over the coals so much
you tell us

reply to post by Indigo5


Thanks for that extensive summary. I had not followed this debate at all.

Originally posted by timetothink
Senate Majority Leader Harry Reid has ignored Speaker of the House John Boehner's call for him to bring back the Senate to reopen negotiations on the payroll tax cut deal to extend it for a year, as opposed to a temporary two-month stopgap

Read more: www.businessinsider.com...

If you are going to quote an article...don't just quote parts that make you argument seem correct. The Repubs wants the a bill for a YEAR...the dems only 2 months. Reid sent them on vacay not the repubs. Nice job trying to inflame with untruths.

The Repubs want to play politics, they may have dropped the ball this time.

Hopefully America will fail so they look good!

Originally posted by timetothink
reply to post by ltinycdancerg

 

I agree with Gov Perry who says he will cut them to meeting every other year for a couple of weeks or months "they should go home and get a job" he said.

Gov Perry has a lot of balls to talk about job performance

reply to post by timetothink


Becuase those that are "successful" can afford it.

By the way, this is payroll tax, not income tax. This tax literally affects business owners, not in the 'oh, they're cutting into my $200,000/year paycheck.,' but in the 'oh, they're cutting into all of my employees $40,000/year paycheck.'

On Friday, the house republicans were perfectly content with the bill the senate passed. Harry Reid asked Boehner, directly, if the house would pass the bill. Boehner agreed to the bill. On Sunday, a full day after the senate had already left with Boehner's 'blessing,' he suddenly disagrees and says the bill isn't good enough.

I am so sick of the elected representatives in this country. I am tired of their high school cliques and their pathetic games which risk the security and stability of the American People. The approval ratings are at all time lows and there isn't a single one of my state representatives that I believe deserves to be sent back to D.C.
Bickering while new Rome burns. It's pathetic. But somehow they can all get on the same page when it comes to killing ammendments 4 and 6 via the FDAA. Did typing that get me put on a list somewhere? So sad. I love this country. I love our system of government. I don't know how it got to be this way. I am a moderate Republican who voted for Obama. This makes me feel like I have tried everything and now I just want to give up.
Yes, of course, I'll vote Ron Paul, if they actually give me the chance but man, all this nonsense has just gotten so entirely out of hand.

reply to post by links234


That is a Socialistic reply....should not be used in America. The successful should not penalized in this country.

reply to post by St Udio


Duh...if you read my entire posts in this forum you would see I am for a flat or fair tax. Get rid of the Irs and the loopholes/deductions.

reply to post by AwakeinNM
he is just one man if the House nor the senate like him or what is stands for, ie no FED, Sen McCain will not back him nor will others, so it will be the same old same old. It is time for the old "Sen and House" no pun intended, to get house cleaned!!!!! All new, not one should remain that has more that one term, and then see how they have voted yea for HR 1540 SUB SEC 1021 1022 out you go, Tax the poor, spare the rich out you go , cut med care out you go, ect ect ect.

Originally posted by AwakeinNM
By the way, I just raised prices at my business and froze pay increases so I could break even again. This payroll tax increase will not come out of MY pocket because it's not there to take. It will come out of my CUSTOMERS'.

So next time some of you argue about how raising taxes is a good thing for this group and that group, remember this - YOU pay for it either way.

You actually pay for it TWICE - with higher taxes and higher prices at the store. Bravo to you.

edit on 20-12-2011 by AwakeinNM because: (no reason given)

Not if we don't buy the stuff. Prices are already too high for crap that belongs in the garbage anyway. Most of the food sold is killing us and the products are useless and unnecessary. Unless you sell water or toilet paper I don't think I am buying your product this year anyway. Almost whatever you make - I can do without or make it myself.

and yeah...BRAVO to me. It is about time we became a little more self reliant anyway.

Originally posted by CaptChaos

Originally posted by DerepentLEstranger
why all the butthurt and whining?
don't pay taxes, period.

simples

Thank you, someone gets it. That's why I am glad I have NEVER filed a tax "return" in my life. I've almost always had under the table or subcontractor jobs. Even the few corporate jobs I've had where they took out taxes, I still never filed a thing. Everyone has always said I was crazy, and laughed at me. Hm. Who's laughing now?

If everyone would just stop consenting to allow these crooks to run the show, and stop freaking paying them, while thanking them for the butt reaming, they could be gotten rid of in an instant.

Never gonna happen.

They'll just take what you don't pay from some poor minimum wage sap. Way to cheat on your taxes! I think Wesley Snipes is doing time for that. Your turn will come!

Originally posted by timetothink
reply to post by Indigo5

 

It is not an equal playing field if you take a higher % from one group than another. Why should someone who is successful pay 35% and someone else pay 17% or nothing?

I think you have your figures and groups mixed up. The less you make the higher rate you pay. People are hoping the wealthy in this country will step up to the plate and pay the SAME RATE OF TAX AS THE POOR. And I think the wealthy not expecting special rates and breaks is the first step toward fair tax and tax equality. I also believe in the flat tax. That will never happen because the wealthy and them that represent them WILL NEVER ALLOW the rich to pay the same rate of taxes as the peons. Never happen.

This privileged class must stay privileged or they will take all their blocks home and refuse to play with us anymore. And they don't like people telling them they are exploiting human rights abuses and slave labor and child labor by taking those American jobs overseas and hitting the Americans just as hard by raising prices and POCKETING the savings they get using China's slave labor. You would think Americans would get a break but no way. They play HARDBALL and you have to let them play. This is how the rich stay rich.

reply to post by newcovenant



I said the tax rate according to the IRS is progressive, the more you make the higher the %, I also said because of loopholes the rich can keep more. That is why I said the IRS needs to go along with loopholes and deductions, and be replaced with a flat or fair tax. Please read the whole posts not just parts.

Originally posted by timetothink
reply to post by newcovenant

 

I said the tax rate according to the IRS is progressive, the more you make the higher the %, I also said because of loopholes the rich can keep more. That is why I said the IRS needs to go along with loopholes and deductions, and be replaced with a flat or fair tax. Please read the whole posts not just parts.

Yes but it isn't progressive so that the more you make the higher the percentage. It is just the opposite. The more you make, the percentage of taxable income is less. I read both lines so I am not sure what all you think I didn't read. That WAS your whole post although admittedly I may not have read prior conversations in the thread.

Originally posted by Vitchilo


No deal. That means higher taxes for the middle-class.

And congress wonders why their approval rating is at an all time low.................




Just sickening.