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Those who voted for Obama for a second term are most likely unaware of what we are facing begining Jan 1 2013. The largest tax increases in American history, thanks to ObamaCare:
The Congressional Budget Office is already telling us that 2013 will be a rough year. Failure to prevent the nation from going over the fiscal cliff would plunge the country into a recession, with unemployment rising to 9.1%. Combined with tax increases embedded in ObamaCare that take effect Jan. 1, marginal rates on investment income will rise from 15% to 44%. That tripling of taxes on dividend and interest income combined with a 56% tax increase on capital gains will have dire effects on the economy.
Read more: Articles: Midnight Again in America
Enjoy, you who voted for Obama. I hope you like the lay of ObamaLand.
Those who voted for Obama for a second term are most likely unaware of what we are facing begining Jan 1 2013. The largest tax increases in American history, thanks to ObamaCare:
The Congressional Budget Office is already telling us that 2013 will be a rough year. Failure to prevent the nation from going over the fiscal cliff would plunge the country into a recession, with unemployment rising to 9.1%. Combined with tax increases embedded in ObamaCare that take effect Jan. 1, marginal rates on investment income will rise from 15% to 44%. That tripling of taxes on dividend and interest income combined with a 56% tax increase on capital gains will have dire effects on the economy.
Read more: Articles: Midnight Again in America
Enjoy, you who voted for Obama. I hope you like the lay of ObamaLand.
The increase in the top two tax rates from 33% to 36% and 35% to 39.6%.
The reinstatement of the limitation on itemized deductions for high-income taxpayers (the “Pease” provision).
The taxation of dividends as ordinary income and at a top income tax rate of 39.6% and increase in the top tax rate applied to capital gains to 20%.
The increase in the 2.9% Medicare tax to 3.8% for high-income taxpayers and the application of the new 3.8 percent tax on investment income including flow-through business income, interest, dividends and capital gains.
The U.S. Chamber of Commerce's (private, highly conservative business organization) commissioned research on this says raising taxes 3% on the highest two brackets is going to destroy the economy--I hate to shoot the messenger on this, but it raises ethical questions.
You're talking about singles making 175k+, or married making 215k+ as the second bracket, and 390k+ being the top bracket. Their income taxes going up three percent (4.9 in the case of the top bracket)--the Clinton Era rates.
Those who voted for Obama for a second term are most likely unaware of what we are facing begining Jan 1 2013. The largest tax increases in American history, thanks to ObamaCare:
The Congressional Budget Office is already telling us that 2013 will be a rough year. Failure to prevent the nation from going over the fiscal cliff would plunge the country into a recession, with unemployment rising to 9.1%. Combined with tax increases embedded in ObamaCare that take effect Jan. 1, marginal rates on investment income will rise from 15% to 44%. That tripling of taxes on dividend and interest income combined with a 56% tax increase on capital gains will have dire effects on the economy.
Read more: Articles: Midnight Again in America
Enjoy, you who voted for Obama. I hope you like the lay of ObamaLand.
If one doesn't work, doesn't have to work, depend on government, would one really, really care about taxes since it doesn't affect them? The day they will begin to care is when their government "entitlements" are reduced or eliminated, then you will see these parasites start complaining to "their" government. People on the receiving end rarely complaiin unless they aren't getting enough. We are at 49% of a population that depends on full or partial government assistance. Watch that number rise because there's no way it's going to go down. Jobs left vacant by those who retire will be eliminated.
9.1% will not be a real number when you consider how many jobs will no longer be "full time" because working hours will be cut back, and people holding down 2 part time jobs will be considered as two jobs when calculating the numbers to show how "good" the job market is doing.
If one doesn't work, doesn't have to work, depend on government, would one really, really care about taxes since it doesn't affect them? The day they will begin to care is when their government "entitlements" are reduced or eliminated, then you will see these parasites start complaining to "their" government. People on the receiving end rarely complaiin unless they aren't getting enough. We are at 49% of a population that depends on full or partial government assistance. Watch that number rise because there's no way it's going to go down. Jobs left vacant by those who retire will be eliminated.
9.1% will not be a real number when you consider how many jobs will no longer be "full time" because working hours will be cut back, and people holding down 2 part time jobs will be considered as two jobs when calculating the numbers to show how "good" the job market is doing.
Exactly right. And, the current rate of unemployment that was touted by this administration just prior to the election was also a phony figure, because the real rate is well over 11%.
"Full time" work is going to be 30 hr/week. Businesses will cut their employment numbers to under 50 to avoid ObamaCare, and if necessary to achieve this, they will split their business into several (or many) smaller businesses. They will do whatever it takes to survive.
If one doesn't work, doesn't have to work, depend on government, would one really, really care about taxes since it doesn't affect them? The day they will begin to care is when their government "entitlements" are reduced or eliminated, then you will see these parasites start complaining to "their" government. People on the receiving end rarely complaiin unless they aren't getting enough. We are at 49% of a population that depends on full or partial government assistance. Watch that number rise because there's no way it's going to go down. Jobs left vacant by those who retire will be eliminated.
9.1% will not be a real number when you consider how many jobs will no longer be "full time" because working hours will be cut back, and people holding down 2 part time jobs will be considered as two jobs when calculating the numbers to show how "good" the job market is doing.
Exactly. Those in the 47% of non-contributors don't give a damn, they pay a big zero to the government they so much worship. Their taxes won't go up because they pay no taxes -- all IRS time means to many of them is a big EITC handout -- a "refund" that is bigger than the amount of taxes deducted from paychecks, just another welfare handout.
It's getting much worse with more and more babies being born and raised on government handouts, and they are outnumbering those born to working taxpaying families. Big government means they never have much to worry about, they will never have to work hard for a living and they'll never contribute anything for this large government.
Exactly. Those in the 47% of non-contributors don't give a damn, they pay a big zero to the government they so much worship. Their taxes won't go up because they pay no taxes -- all IRS time means to many of them is a big EITC handout -- a "refund" that is bigger than the amount of taxes deducted from paychecks, just another welfare handout.
It's getting much worse with more and more babies being born and raised on government handouts, and they are outnumbering those born to working taxpaying families. Big government means they never have much to worry about, they will never have to work hard for a living and they'll never contribute anything for this large government.
You can thank your conservative friends in congress for the half of the country that has a negative or null income tax liability. It was tax cuts that got them there in the first place--and now conservatives are arguing for more tax cuts?
Midnight in America implies a new dawn is coming. it has taken a long time bur will be worth it when this ill devised monopoly dominated socialism for the really really rich corruption is ended and replaced with a compassionate system with far less inequality and injustice.
Midnight in America implies a new dawn is coming. it has taken a long time bur will be worth it when this ill devised monopoly dominated socialism for the really really rich corruption is ended and replaced with a compassionate system with far less inequality and injustice.
We already have a government that is far too "compassionate". Is this country not compassionate to the "poor" able bodied, unwilling to work population of society that is ever growing by allowing them to use government as a means for survival? This government has made living off the government a very acceptable lifestyle for the majority. Is it equal and is justice served when you reduce the income of a senior citizen who worked 50 or 60 years, while improving government entitlements to able bodied people who never worked and are unwilling to work?
If you feel compassion for someone who is hurting, you look to help them, not hinder them. It's called "tough love".
We are becoming a modern third world country because of the growing "compassion" that government has to provide to the able bodied, unwilling to work, who basically has a choice to (1) live off of government or (2) work and pay into the system. Obviously the first choice has become the popular one.
We already have a government that is far too "compassionate". Is this country not compassionate to the "poor" able bodied, unwilling to work population of society that is ever growing by allowing them to use government as a means for survival? This government has made living off the government a very acceptable lifestyle for the majority. Is it equal and is justice served when you reduce the income of a senior citizen who worked 50 or 60 years, while improving government entitlements to able bodied people who never worked and are unwilling to work?
If you feel compassion for someone who is hurting, you look to help them, not hinder them. It's called "tough love".
We are becoming a modern third world country because of the growing "compassion" that government has to provide to the able bodied, unwilling to work, who basically has a choice to (1) live off of government or (2) work and pay into the system. Obviously the first choice has become the popular one.
Do you have any stats to back up the fact that you think most people on food stamps, medicare, medicaid, and social security are "able bodied, unwilling to work"? Or are you going on an anecdote from some talk radio guy?
You can thank your conservative friends in congress for the half of the country that has a negative or null income tax liability. It was tax cuts that got them there in the first place--and now conservatives are arguing for more tax cuts?
Come on now.
Then how do you explain the proven fact that tax cuts have "ALWAYS" led to more tax $'s for the government because of the increase in private enterprise activity which leads to more people working which leads to a much broader tax base.
The problem is caused by government, instead of using the expanded tax income to pay down debt and repaying $'s so-called "borrowed" from Social Security, etc. they just spend more on useless crap to buy votes!!
Please, pay attention to what is really going on with our foolish government spewing out brain-washing spin to those who don't really pay attention to facts.
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New Dawn
