Fiscal Cliff deal means higher taxes on 77% of households, averaging $1,635 each (rating, parties)

[Roadking2003]

Originally Posted by Little-Acorn

Taxes on Capital Gains are also going up, from the old rate of 15% to a new rate of $23.8%, including a new Obamacare tax on such gains.

Nice job, Democrats and RINOs. You fooled them again. Most people thought their taxes wouldn't go up, that only "the rich" would get stuck.

Suckers.

Elections have consequences.

But not for the Hollywood millionaires. They got a big tax break. Also the NASCAR millionaires. And others.

So just the poor working suckers got screwed. And anyone with a 401k or IRA got screwed and they don't even know it.

[Finn_Jarber]

Originally Posted by KUchief25

That payroll tax cut was pushed through by the hero Obama and the left wing "deadbeats". It bought votes and made the SS issue worse. Yippee.

.....those tax-cutting leftist pigs.....

[Roadking2003]

Originally Posted by EinsteinsGhost

You're simply being overly needy rather than recognizing that you're expected to pay your bills for choosing to live in the society that you do.

And also to pay the bills for the leeches.

[Roadking2003]

Originally Posted by LostInHouston

The tax increase is due to the expiring 2% payroll tax reduction... which btw, neither party supported extending.

That's only ONE of the tax increases. There are many others.

The debate isn't about FICA.

[jazzarama]

Originally Posted by middle-aged mom

Taxation is new?
Did Obama invent it?

What's relatively new is the attitude expressed here all the time, that working people should be grateful for any of their income the gov't. does Not take. Tighten your fiscal belt, drink fewer lattes, work harder, don't have kids, if 2% makes a difference you must be an idiot, and so on. Perverse.

[Roadking2003]

Originally Posted by DC at the Ridge

Taxes, by the way, aren't theft.

They are when you take money from one person and give it to another. That's government sponsored theft.

[Roadking2003]

Originally Posted by EinsteinsGhost

Sorry buddy, it is ignorance speak to assume the position of being able to define what is need versus not for a society which is much larger than you seem to have comprehension of.

One thing I can easily discern is that Hollywood millionaires don't need special tax breaks. Maybe you can't comprehend that.

[HappyTexan]

The numbers provided by the OP's article came from a computer simulation model using 2004 tax data folks.
Just FYI....

[MTAtech]

Originally Posted by Roadking2003

And also to pay the bills for the leeches.

As said countless times, if you are complaining about people not earning enough to pay federal taxes, then you should blame the Bush tax-cuts for that.

Moreover, it is not only a false characterization to call these people "leeches" it is also unfair. These "leeches" include our senior citizen parents and grandparents, who worked hard all their lives to retire and not work and pay income taxes. But most of them are just people who work hard mowing laws, washing your dishes and cleaning your house, who just happen to not earn enough to get subject to federal income tax. That doesn't mean they are lazy or not producing. They just are low paid.

But why do I bother? The right-wing isn't persuaded by facts and evidence. They just want to believe what they want to believe. So go on believing that America is loaded with leeches that just want to depend upon handouts for their living.

[Roadking2003]

Originally Posted by npaladin2000

At least going over the "cliff" would have raised our taxes a lot more honestly, AND would have included SPENDING CUTS.

The "deal" just proves they don't want to "deal" with reality.

Correct.

They will NEVER reduce spending. Not one dime.

Raising taxes is like giving a crack addict another bowlful of crack. More taxes means more spending.