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Old 02-25-2013, 04:10 PM
Status: "Greenville Works" (set 3 days ago)
 
3,288 posts, read 5,443,822 times
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I was doing a bit of research just then and I found plenty of links stating things such as "Now that the Bush Tax Cuts have expired" and "The Bush tax cuts have expired, no law to replace them", and I honestly didn't know they even expired if they did. So can someone tell me if they truly did or not? From my understanding the payroll tax went back to original levels and those making $200k or more tax cuts expired, not all tax expired.

Personally I've been for them expiring therefore this would sound like good news in my eyes, the country needs more revenues on the table because now the government is growing allergic to cuts. You know the funny thing about the Bush tax-cuts and Democrats? Most, in fact all of the people whom align with the Democratic party that I know don't want the cuts to expire, I'm like the only one that I know that wants them to. But now that I identify myself as an independent, I don't know any Democrats that want taxes to increase again.
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Old 02-26-2013, 01:16 AM
 
3,040 posts, read 2,190,311 times
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Yes.
And Taxes went up on incomes over $400k.
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Old 02-26-2013, 04:15 AM
 
Location: 77441
3,161 posts, read 3,831,489 times
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they expired over two years ago. everything since belongs to to the POS in office now.
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Old 02-26-2013, 04:44 AM
 
Location: Tampa Florida
22,241 posts, read 15,336,115 times
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Yes, they expired and we now have the Obama cuts.

The McConnell-Biden Plan - Graphic - NYTimes.com
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Old 02-26-2013, 04:46 AM
 
24,503 posts, read 35,497,548 times
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Quote:
Originally Posted by Bily Lovec View Post
they expired over two years ago. everything since belongs to to the POTUS in office now.
Expanded that out for you to mitigate confusion.
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Old 02-26-2013, 05:09 AM
 
Location: Central Maine
4,687 posts, read 5,545,046 times
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Quote:
Originally Posted by florida.bob View Post
Yes, they expired and we now have the Obama cuts.

The McConnell-Biden Plan - Graphic - NYTimes.com
Thanks for the link to an excellent summary of taxes. I note and appreciate the use of the word "permanently" in the description of specific taxes. This contrasts with the *temporary* nature of the Bush tax cuts ... the cuts that kept getting extended, but were always accurately labelled as being "temporary."

One part of this that may have been overlooked by people is that there is finally a permanent fix to the alternative minimum tax ... "Permanently indexes the alternative minimum tax for inflation, preventing millions of taxpayers from being affected."
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