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Obama to Unveil an Ambitious Budget Plan
The Washington Post ^
| February 21, 2009
| Lori Montgomery and Ceci Connolly
Posted on 02/21/2009 12:05:38 PM PST by Baladas
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To: arkady_renko
my mom is a cpa and she told me that at seminars they getting warned about it constantly... that it has been going bubbling through committees for a while, but Republicans had been blocking it.
Certain members of congress consider it a corporate ‘loophole’. Add that to the idea that keeps kicking around to apply fica to all income (no cap) and it gets even uglier. — ya ya libs, I know about the ‘donut’, but I don’t expect that to last long.
The kicker is that they think one way to get it through is to only apply these changes to service based income. I don’t see how they can maintain that distinction. But, it must be geared toward getting more of the income from lawyers, doctors, CPAs, IT, and probably some financial service providers.
If they managed to get both ideas enacted, it would amount to a 13.5% (fica/medicare) immediate tax increase for s-corp dividends.
To: Munz
They will include some sacrificial pork in the budget so that they can can claim they trimmed fat from it.
To: tallyhoe
Might be that time is fast approaching.
143
posted on
02/22/2009 10:42:44 AM PST
by
roaddog727
(BS does not get bridges built - the funk you see is the funk you do)
To: Baladas
>>Here it comes . . .<<
You betcha! More taxes, more spending.
Our nation has taken a flyin leap toward a socialist big brother society the likes of England.
Thanx to Bush, Clinton, Obama and the liberal progressive congress.
To: Baladas
primarily by raising taxes on business and the wealthyOf course! This must be the "change" he is talking about...
145
posted on
02/22/2009 2:44:40 PM PST
by
John123
(The US may be going down the drain, but everyone else will drown first...)
To: patton
He is actually modifying the draft FY10 that Bush's team had started. All FY10 MILCON was submitted as Sept/Oct for review. DOD reviewed the MILCON and all other appropriations and for differences, determine the correct amount. They made DOD decisions and services (Army, Navy, Air Force, and DOD Agencies submitted reclamas. The FY09 MILCON and the DOD FY09 were the only 2 out of 13 appropriation acts completed. The rest of the government is on a Continuing resolution.
146
posted on
02/22/2009 4:41:23 PM PST
by
Aggie65
To: Aggie65
Aahhh, then I stand corrected.
147
posted on
02/22/2009 4:43:49 PM PST
by
patton
(America is born in Iceland, and dies in California)
To: Bertha Fanation
And all that new environmental regulation and additional health care will produce revenue? Why say anything that makes sense when your kneepadders such as Matthews will echo anything you say and never hold you accountable when it doesn't work?
To: Baladas
We Got Your Money!
To: Baladas
Obama to Unveil an Ambitious Budget Plan
150
posted on
02/22/2009 6:34:20 PM PST
by
ding_dong_daddy_from_dumas
(I want to "Buy American" but the only things for sale made in the USA are politicians)
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