Posted on 12/31/2012 2:39:36 PM PST by Jake8898
As it stands, I pay thousands upon thousands in federal income taxes...
Do you have a 401K? Do you care what happens to it?
I guess if you don’t count all the ObamaCare taxes and other things that are being done....
If everyone thought the way you did, then where would it lead? The guy who makes $250k a year says, “Okay go ahead and tax the guy who makes $500k a year, as long as my rates don’t go up”, and the guy who makes $100k a year says “Okay, go ahead and tax the guy who makes $250k”, and the guy who makes $50k a year says “Okay, go ahead and tax the guy who makes $100k a year”. Pretty soon, everyone’s getting taxed, because the politicians can count on the votes of those who never have to pay any taxes, plus a small segment that they have bought off with low tax rates. Everyone else gets screwed.
So, even though my rates won’t be effected, I still won’t support this compromise, because it encourages the politicians to engage in class warfare, since it’s going to prove expedient for them to do so.
Your taxes are not going down
Sure. Give him more money now. That should pacify his lust, right?
This is an excellent and too infrequently mentioned point. Women having to work to support a family, thanks to taxes, means the kids are left to day care or whatever and the family unit and society pay as a whole. Everyone ultimately suffers so we can be tax slaves for the federal government. Women working was sold to us as women's lib - at the cost of a woman's primary duty - to take care of the young. Look where it has got us. Trillions for the politicians to play with while they blame everybody and everything for the problems THEY have created.
These people in D.C. are demons. The ones who are not get shoved aside - like Sarah.
People working into their 70s these days is another result of the government taking an ever bigger bite.
Except that 0bama said in his speech that any cuts during the debt ceiling debate will have to include additional revenues including closing of deductions for high income earners and corporations.
So he is already going for more taxes, right after he gets his tax raises this tome.
Yes...although I’m not entirely sure that it’s a bad thing - retirement can be hell for some people.
Retirement used to be a different game altogether. It didn’t mean so much an end of work as it mean an end of work for other people. Families used to stick together with “retired” elders taking on a lot of the light duty.
Yesterday my grandmother was telling me that the grandparents on The Waltons was actually a petty fair representation of the way retirement used to be. In fact when my great great grandfather retired in the 1930s, his daughter and her family lived with him and my great great grandmother on the farm and the son in law took over running the farm.
We've now avoided any sense of fiscal responsibility, and inflation is now closer as the FED will keep pumping money into the economy.
In the very short run, it's nice to have those dollars. Use them to prep for the trouble ahead.
Remember, Obama is an Alinskyite, and he wants a crisis and the bigger the better.
It was better then.
People with wisdom should not be put out to pasture. And they should be near their families - not in some “retirement home” put there to die. Their kids selfishness puts them there, unless there are significant health issues.
Once read an article by a reporter from Boston, most likely liberal, and she went back to Italy to see how a cousin lived. She stayed in the small town with the cousin and the rest of the family, who all lived together. The cousin, a young woman, lived a sheltered and safe life. The liberal from Boston came to the conclusion that the so called advancements for women in this country weren’t so great after all. They cost us a lot - in so many ways.
“And investment is the only thing that will put growth in the economy. So ‘taxing the rich’ is hurting everyone.”
Completely agree that growth is the only way out of this mess. Problem is convincing the ‘low information’ person that taxing the rich will not solve the problem.
To an extent, Obama has worked himself into a box. He’s got the tax increases on the rich which he said would solve the problem. Now what? He said today, he’ll need more tax increases. The GOP needs to use this admission to advance the argument that tax increases will never be sufficient.
I don’t support higher rates for ANYONE.
BUT, we’ve got a class warrior in the White House who insists on creating the appearance that he’s going to stick it to the rich. The republicans hold the House, that’s it. Whether we like it or not there is going to have to be compromise.
Why would anyone on this site welcome higher taxes on all?
We take an agreement that spares some from further coerced contribution to the govt. waste and move on from there.
I understand that my payroll taxes are going up regardless, but I don’t need the federal taxes going up as well so it can be doled out to dysfunctional leeches and further fund an expansion of government’s hand.
You are supposed to hate this deal, because the rich will pay higher taxes, which is bad for you in ways that the republicans, and the conservatives, have failed to adequately explain to you or others. They are correct, but you’d never know it.
You are supposed to hate this deal, because you are supposed to believe that, contrary to all evidence and common sense, Obama was on the ropes and could have been forced to accept a deal identical to the deal we barely passed in 2001 when we had a republican president, a republican senate, and a republican house.
You are supposed to hate this deal because, in spite of the fact that the tax bill is a completely separate bill from the sequestration bill, you are expected to believe that it was imperative that a new bill to cut taxes had to also include spending cuts.
Tomorrow, everybody’s taxes go up tremendously. After that, there would be pressure to lower taxes, because people like lower taxes. Forget sequestration — that’s a different bill — and frankly there is no true political pressure to do much of anything with that, except for the angst over actually pretending to cut spending.
So you have to ask yourself, as do all conservatives — given a tax rate identical to that of January 1, 2001, and a trillion-dollar-a-year deficit (as opposed to the on-paper SURPLUS in 2001 — what possibly deal do you really think you could get?
2001 - Republican President just elected, with Republican Senate (barely - 50/50 with tiebreaker going to republicans) and Republican House. Technical Budget Surplus, ran on across-the-board tax cuts. In that environment, the best we could do was a temporary 10-year tax cut, which reverted in 2011 (and was extended then for a 2-year-period).
2013 - Democratic President just relected, with Democrat Senate (55-45) and republican house. Huge budget deficit, president ran on NO TAX CUTS for “the rich”. In this environment, do you really believe we would EVER get a deal like the bad one we got in 2001. The deal we currently have on the table — PERMANENT tax cuts for everybody making under $400,000 a year.
You should oppose this, because taxes are already too progressive. But it is hard to see how we would have done much “better”. The solution was to do “worse”, meaning NOT approve tax cuts for anybody. But that’s a hard sell. Technically, the tax pledge would work against anybody wanting to vote AGAINST tax cuts for 99% of us, even though it is the right thing to do.
So I assume you would be in favor of Obama letting you keep YOUR Guns but taking away the Guns of others?
Sorry, first thing that cam to mind when I read your Post.
I see your point, but there aren’t any Tax Cuts. Tax Rates for the under $400,000 crowd will remain unchanged.
There are only Tax Increases for the over $400,000 crowd.
I realize we are dealing in semantics, but Obama will get credit for doing what President Bush did, cutting Tax Rates.
The only reason there was a ten year limit was because the Tax Rate Cuts, which RAISED Tax Revenue BTW, were not passed with a Super Majority in the Senate, therefore they contained a Sunset Provision. Too bad Spending Bills don’t meet the same fate.
Not counting ObamaCare that hits everyone
Congratulations - you are starting to understand how easy it is to become enslaved to the government by accepting the crumbs they throw your way and not having a care in the world when the cow will finally die - on that day, the flow of milk stops and there won’t be enough steaks for a last meal.
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