Posted on 01/07/2013 7:28:58 PM PST by Beave Meister
More like low IQ, spaced out on drugs, VOTERS!
Arugula is still a funny sounding name.
Because the "payroll tax holiday" ended as of January 1. This increases the FICA taxes back to their full amount (as opposed to a temporary 2% cut) for people earning up to the Social Security threshold (just under $100,000, I believe). There are no deductions, exemptions, deferrals, or loopholes to avoid FICA taxes on regular income, so someone making $30,000 is going to have an absolute tax increase of 2% of their gross pay.
For the person making over $400,000, their marginal tax rate may be going up, but unless they find themselves without the means of taking advantage of deductions, et. al., it's unlikely that their effective tax rate will rise by 2% or more, even including the FICA increase on the first $100k or so.
we can't use RAT weasel words to back a straw man RAT argument.(we can save that discussion for another day)
The 2% payroll tax didn't apply to those making 500k?( actually those making 110k or greater ) never-mind they paid the maximum amount possible anyway ? It just took a tad longer to do it.
they weren't affected by the decrease so of course they are “unaffected” by the 2% increase.
Brilliant.
Their marginal rates DID go up...period. Whether they pay additional taxes accordingly, is immaterial to the false argument.
I never should have brought it up. Once we start discussing it, it gives it credence\legitimacy.
Is there a way you could post the whole thing here?
Schadenfreude is the only thing I enjoy about B.O.’s reelection.
Zer Gut................
Imagine the indignation when they have to wait in long lines for their “free” contraceptives or the one size fits all government issue birth control.
Just wait for the massive inflation and the 20 dollar Big Mac. No more fat Americans—people will be too poor to eat! This will hit the poor most of all.
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