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FYI almost everyone will see a tax increase.

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Lithium381 said:
via "executive order" he lifted the payraise freeze on federal employees . . . . congress is getting a 1k bump this year!(all 535 of them)!
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Congress isn't. Part of the recently passed legislation forgoes Congresses COLA adustment.

Also in the bill was a 1 year extension of the farm bill.
 
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Zorkorist said:
I don't think our friendly liberals here on P&N had any idea that a $25,000 wage earner was going to pay more taxes.
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Yes we did.

We know that us real Americans will always be the ones supporting this country.

Real Americans that love this country are finally waking up to the fact rich fuckers and those that support them like you skirt on paying taxes and have been manipulating Congress on their behalf to skirt taxes.

Real Americans are getting more and more pissed, gathering together and gathering strength as evidenced by the moves Congress is finally starting to make as they realize their cushy jobs are on the line.
 
dmcowen674 said:
Yes we did.

We know that us real Americans will always be the ones supporting this country.

Real Americans that love this country are finally waking up to the fact rich fuckers and those that support them like you skirt on paying taxes and have been manipulating Congress on their behalf to skirt taxes.

Real Americans are getting more and more pissed, gathering together and gathering strength as evidenced by the moves Congress is finally starting to make as they realize their cushy jobs are on the line.
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Gathering Strength? You mean the laughable cute little OWS? Te-he, you're cute and funny.

FYI - If some type of "revolution" or revolting DID occur.... the only one's left alive... will be the rich. And although I am a conservative, I sure as fuck am not rich (though you seem to think anyone that does vote conservative is rich?)

I am curious though, what is your income and day to day life that constitutes this much bitchin' about other people's lives? Something tells me it needs to be filled.
 
s0me0nesmind1 said:
Gathering Strength? You mean the laughable cute little OWS? Te-he, you're cute and funny.

FYI - If some type of "revolution" or revolting DID occur.... the only one's left alive... will be the rich. And although I am a conservative, I sure as fuck am not rich (though you seem to think anyone that does vote conservative is rich?)

I am curious though, what is your income and day to day life that constitutes this much bitchin' about other people's lives? Something tells me it needs to be filled.

s0me0nesmind1
Senior Member

Join Date: Nov 2012
Posts: 332
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Awwww looks like I'm hitting a nerve on the anonymous rich Republican America hater.

Poor baby

WWYBYWB?
 
which also means the cost of ALL goods and services will also go up at the same time personal discretionary ability will drop. And don't forget about inflation over the horizon from the obama monetary recklessness.
 
Slew Foot said:
Good everyone needs to pay more taxes. You vote for big government, pay for it.
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We'd have to pay a hell of a lot more than what this achieves.

This is about economic collapse. The GOP leadership wants Obama to own it when !@#$ hits the fan.
 
glenn1 said:
Per boldprogressives.org, 98 percent of Americans will actually see a larger tax increase than some of the richest Americans.


richcuts.jpg
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I do take some issues with that chart, for one thing social security tax also provides the most benefit the lower your income. Those making the least amount of money benefit the most from social security. The return on your contribution decreases as your income increases up the social security tax cap. So it isn't exactly fair to include social security tax increase in the mix.
 
The social security payroll tax should never have been cut in the first place.

It needs to be at 6%+ to remain solvent.

On top of that, the cap needs to be removed.
 
And the 1% laugh at all the fools who made them out to be the bad guys because in the end the middle class as always bears the brunt of the taxes,

and the apologists who were supposedly on their side now tell the middle class to suck it up instead of admitting the failure of their stick it to the rich strategy.
 
1prophet said:
And the 1% laugh at all the fools who made them out to be the bad guys because in the end the middle class as always bears the brunt of the taxes,

and the apologists who were supposedly on their side now tell the middle class to suck it up instead of admitting the failure of their stick it to the rich strategy.
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You missed the capital gains and estate tax hikes?

5% is a massive amount of money when you talk CG.
 
Acanthus said:
The social security payroll tax should never have been cut in the first place.

It needs to be at 6%+ to remain solvent.

On top of that, the cap needs to be removed.
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Not sure why we need a social security tax at all, why can't it be funded by regular income tax. Just increase regular income tax on the wealthy to fund social security for all.
 
DCal430 said:
Not sure why we need a social security tax at all, why can't it be funded by regular income tax. Just increase regular income tax on the wealthy to fund social security for all.
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The idea, when SS was created, was to keep the money completely separate from the rest of the government. This was to keep the governments grubby hands out of the social retirement fund for all.

I believe Truman was the first person to use SS money for something other than SS...

Now it has been dipped into so many times it has become just become another revenue source.

It really does need to be made into an untouchable fund again, including the tax rates themselves.
 
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Acanthus said:
The idea, when SS was created, was to keep the money completely separate from the rest of the government. This was to keep the governments grubby hands out of the social retirement fund for all.

I believe Truman was the first person to use SS money for something other than SS...

Now it has been dipped into so many times it has become just become another revenue source.

It really does need to be made into an untouchable fund again, including the tax rates themselves.
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If we do get rid of the cap should the income over the current cap get any benefit. Right now individuals who are fully vested with social security get 15% of their income a month from 58,000 to the cap.
 
Acanthus said:
The social security payroll tax should never have been cut in the first place.

It needs to be at 6%+ to remain solvent.

On top of that, the cap needs to be removed.
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Social Security needs to be eliminated, not remain solvent.
I'll take my 6.2% and invest it into my own private account, where i will get my own return... not dontate it to someone else.
 
sao123 said:
Social Security needs to be eliminated, not remain solvent.
I'll take my 6.2% and invest it into my own private account, where i will get my own return... not dontate it to someone else.
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That would be devastating for the poor, who would never be able to earn the return they are given. Remember the poor get 50-90% of their income back in Social Security, also remember this income isn't taxable.
 
Acanthus said:
The social security payroll tax should never have been cut in the first place.

It needs to be at 6%+ to remain solvent.

On top of that, the cap needs to be removed.
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The money was replaced 100% from the general revenue. This was ALWAYS a temporary measure and was supposed to expire after 1 year but was extended into 2012. Obama was one of the FEW that actually wanted it extended into 2013.

The reason for the cut and shift from the general revenue is because it was the ONLY way (other than more credits) to give those with NEGATIVE income tax returns more money (because of EITC). EVERYONE pays something via the SS payroll tax. They received nearly a 1/3 of that money back (2 of 6.2%) for 2 years on a TEMPORARY cut to try to spur the economy.
 
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Is this certain? If so I was wrong that the average person would see no tax increase.

I will jump with the chorus here that it should never have been put in place to begin with though. I do think taxes need to raise for virtually everybody because we are collectively kicking the can down the road too much, not paying for what we are using.
 
Wreckem said:
The cap should be completely removed. Solves 95% of the problems with social security.

And making the temporary payroll tax reduction permanent would have only made the problems with SS and Medicare many many times worse that they already are.
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so are you going to remove the cap on SS payouts as well?

Doubt it, liberal idiots like you ignore that fact
 
Acanthus said:
and here come the talking points.

Austerity doesn't work.

Reform does.
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Exactly. Austerity methods essentially rips the GDP.

Personally I would suggest nationalize healthcare to start with, instead of letting private corporations exploit it as they do.

MaryMeeker-graph-e1329513274401.png


Healthcare cost in the US is twice as high as here in Denmark. That means average joe pays atleast double the cost. Where that second half goes directly to stockholders pockets. Not to mention healthcare quality aint exactly stellar in the US.

Then used parts of the savings on debt, and parts on creating new jobs.
 
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Acanthus said:
and here come the talking points.

Austerity doesn't work.

Reform does.
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It's ironic that you called yourself out before issuing talking points. "Reform" is just another buzzword that means "change." If all reforms were good by virtue of being reforms, then Obama's Hope and Change motto would have been all good too. The problem is that not all change is created equal and the brand that he peddles is like a massive air compressor to blow up big government. Unfortunately, those of us who can do math at an eighth grade level know damn well that it's impossible to pay for his desired level of government.
 
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