Thanks for posting this. The ‘Rats need to be stopped and we can only stop them two ways: with our votes and with the truth.
Don't fall for it Pubbies!!
Keep it all as a single package with either all tax cuts be made permanent or all tax cuts extended for two years. Once you separate the two, you lose leverage to put them back together again. It needs to be all permanent or all extended for two years. Don't compromise on this!
With all due respect, Count, there is one error in the Kiplinger article concerning reporting of insurance on W-2s. Recent guidance has come out stating that for 2011, at least, reporting of insurance benefits on the W-2 is optional.
Don’t want to take away from the main focus of the article, but this point, at least, is incorrect. Just want everyone to be informed so we can focus our fight.
These people need to be kicked out of office!
Most of this is correct and I fully agree. However, we hurt our effectiveness, when we propagate misinformation. The final assertion is INCORRECT. While insurance cost WILL show on the W-2’s, it will not be taxed. It is a scary step in the wrong direction, but doesn’t affect current tax. By adding this misinformation, it makes it easier to dismiss all the REAL impacts in this warning - which ARE accurate.
If they don’t pass the AMT patch this year, it will be a huge hit for a lot of families.
“
Higher tax rates on savers and investors.
The capital gains tax will rise from 15 percent this year to 20 percent in 2011.
The dividends tax will rise from 15 percent this year to 39.6 percent in 2011.
These rates will rise another 3.8 percent in 2013.
“
Incredible.
Talk about punishing responsible, self-supporting folks (many of
them retirees) that were frugal and built up some sort of portfolio
so they wouldn’t be a burden on their family and the guvmint.
Republicans should have had a louder campaign about this cruel measure.
But Obama and Company were smart enough to have so many punishing
proposals that complaints about a single one were diluted...
because Obama has so many evil initiatives.
btt
Probably not a coincidence that my employer just handed out a letter last week stating our total value with benefits.
Sounds like I’ll be paying taxes on another $28K.
Probably not a coincidence that my employer just handed out a letter last week stating our total value with benefits.
Sounds like I’ll be paying taxes on another $28K.