Thank you John Boehner... Your taxes 2011

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sportage

Lifer
Feb 1, 2008
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boomerang

Lifer
Jun 19, 2000
18,890
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pcgeek11

Lifer
Jun 12, 2005
21,279
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For those that fail to read: You have been getting it all year.

There is a “replacement” tax break making the rounds for 2011, the Payroll Tax Holiday, meant to make up for the loss of the Making Work Pay Credit. If you’re an employee, you should have noticed a few extra dollars in your paycheck each pay period this year. That’s because, on the employee side, payroll tax contributions for federal purposes have been reduced by 2%: instead of paying in at 6.2% for Social Security taxes, contributions are 4.2% for Social Security taxes. Contributions for Medicare remained the same.
 

Acanthus

Lifer
Aug 28, 2001
19,915
2
76
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I'm disappointed. This is just more of the everyone but me should be taxed mentality. No surprise though.

It's actually the "everyone that makes more than I will make in the next 50 years, per year, should be taxed more than they currently are because the rate is obviously too low" mentality.
 

Acanthus

Lifer
Aug 28, 2001
19,915
2
76
ostif.org
For those that fail to read: You have been getting it all year.

There is a “replacement” tax break making the rounds for 2011, the Payroll Tax Holiday, meant to make up for the loss of the Making Work Pay Credit. If you’re an employee, you should have noticed a few extra dollars in your paycheck each pay period this year. That’s because, on the employee side, payroll tax contributions for federal purposes have been reduced by 2%: instead of paying in at 6.2% for Social Security taxes, contributions are 4.2% for Social Security taxes. Contributions for Medicare remained the same.

The reduction in social security taxes actually pissed me off quite a bit. Lets cut funding to an already starved program.
 

ccbadd

Senior member
Jan 19, 2004
456
0
76
Funding was not cut to social security.

Nope, idiots in Gov will put it on new home buyers to finance over 15 to 30 years! They have enough to buy a new home, so they must be able to afford it mentality! This only applies to the 2 month extension.
 

Craig234

Lifer
May 1, 2006
38,548
348
126
Nope, idiots in Gov will put it on new home buyers to finance over 15 to 30 years! They have enough to buy a new home, so they must be able to afford it mentality! This only applies to the 2 month extension.

It goes on the general debt as I understand it. Where are all the Republicans talking about how that tax cut 'pays for itself'? You only hear from them about tax cuts for the rich.
 

Ronstang

Lifer
Jul 8, 2000
12,493
18
81
I'll be happy to give you my address but I warn you that you will not achieve the outcome you desire.
 
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