Posted on 12/05/2012 9:32:33 AM PST by Qbert
Taxes on the wealthy are going up, House Speaker John Boehner conceded on Wednesday in challenging President Barack Obama to sit down with him to hammer out a deal for avoiding the fiscal cliff.
The statement to reporters reflected how negotiations on reducing the nation's chronic federal deficits and debt have evolved since Obama's re-election last month.
Republicans once opposed to any new revenue in their quest to shrink government now realize Obama's victory and public support for the president's campaign theme of higher taxes on the wealthy leave them with little negotiating leverage.
Less than four weeks from the automatic tax increases and spending cuts of the fiscal cliff, GOP leaders face a choice: Agree to Obama's demand to hold down tax rates on most Americans while allowing higher rates on the wealthiest 2 percent, or be blamed for everyone's taxes going up in 2013.
The major unresolved question of negotiations involving the White House and congressional leaders is whether eliminating tax deductions and loopholes -- as proposed by House Republicans -- can raise enough revenue without hitting middle class Americans too hard.
(Excerpt) Read more at msnbc.msn.com ...
Exactly
Yes.
And it isn’t a sore loser thing, or “taking my toys and going home.” I just cannot continue to support the GOP without feeling horribly, sickeningly filthy.
He told them how to frame the story.
Even Freepers are believing MSNBC these days...
Obviously, you get it, as does anyone who's ever run a small shop. That used to be the American Dream. Now it's Envy Time, All the Time in Obama's America. And there's no challenge from the Gutless Old Party, anymore, whose leaders are a species of invertebrate castrati.
America the Beautiful is becoming America the Dumb. Our schools are run by socialists, as is our news media, and most of our politicians, too. Together, they have worked tirelessly to turn a nation of hard-working immigrants and dreamers into a roiling mob of Gimme Girls and Loafing Louts.
A people for whom once no dream ever seemed to be too big, presently wallow in the shallow and the small. The "huddled masses" of old now can't get off their increasingly fat asses to find the remote, but instead just sit and let their brains be rotted from without and from within with mindless entertainment, and news-less news.
And we who yet spend time thinking about such things at length just shake our heads, wondering why our carefully reasoned arguments about taxes, spending, Constitutional government and timeless values seem to pass through people's ears and out into space without even a moment's pause.
It's because "the people" have been prepared. Not for self-governance. Not for independence. Not for success.
For tyranny. And they're going to love it. By the way, Mr. Boehner: Homeland Security called. Your remote is under the couch.
TEA PARTY. ARISE.
“Some Congressional Welfare Zealot from Fl. just said that our Entitlement Programs - Medicare, Medicaid, and Social Security - are what separate us from 3rd world status.”
Actually our entitlements are about to convert us TO 3rd world status
Thanks for the link.
I can't BELIEVE the # of Freepers who swallow even what MSNBC tells them these day.
Sheesh.
No one.
Like him or not no one would be able to get the unity the Speaker does among House members.
Yep, here I thought I was voting for a second party, turns out I was just voting for Democrats disguised as Republicans, yep, I guess the joke is on me, sad, I thought I was truly voting to make a difference, I think I’m going to be sick!
Glad I’m no longer considered wealthy.
If you own anything, you’ll be considered “rich” when the left needs someone to blame for the mess they caused.
As a self- employed full charge bookkeeper:
I am giving out this free advice. I don’t claim to be a fiscal expert, nor a CPA, nor do I admit to having a crystal ball....but:
IF I were your bookkeeper, Mr. “Rich”, I would recommend the following:
Depending on the type of business you are running, most likely one which you built from the ground up, I would browse the parking lot and the Facebook pages of all of your employees. I would lay off ALL of the Obamaites you are now providing with a paycheck.
They are your ENEMY!! Do not be fooled....I said ENEMY and I meant ENEMY!!! They are voting with their precious votes to destroy you and the company you built that provides them with the funds to even purchase that Obama bumper sticker—to put on the car they bought with the money you pay them!!
Another option is to pay yourself ONLY the minimum you require to pay your monthly existance. Mentally, put aside the extra money you would normally pay yourself or in Accounts payable or something & when these stupid tax laws get reversed, make up the difference to yourself.
Look long and hard at the CORE employees you have. Every business has them. They have been with you the longest and are the most dependable to work when there is an emergency & to be accurate in their work. Hand out bonuses to them—quietly and privately. Most likely, they are not in the higher tax bracket you are, and paying them a bonus will support more loyalty. This is a BONUS—NOT a permanent pay hike. Attach it to company profit, which makes them aware of being careful with company expeditures. This will also divert funds on which you will pay a higher tax into a bracket that is much lower. In other words: Get it out of the hands of the Fed government on YOUR tax return.
Make sure that you and your immediate family are taken care of, and I don’t mean with endless funds to spend willy-nilly. Put all of them on a limited budget and stay there. They all have to realize that this is an austerity move, and that your family is not part of ‘The Housewives of Orange County’. I know many people who have built up their businesses and have enjoyed the ability to travel, gamble, or do as they wish with the funds they have. Now is the time to starve the beast of Washington.
Got a teenager who doesn’t cut the lawn because you are paying a lawn service? Tell that kid that they are now the official lawn service!! Trips to the tanning salon are no longer needed because this kid will be out in the real sunshine—mowing the lawn!
Take a look at the cell phones and other electronic items that seem to now be surgically attached to your entire family. Cut down tht usage—or put them on a pay as you go phone usage. Give them an allowance and when that money is gone, they cannot keep buying ‘minutes’ on their phones.
Look long and hard at all of your current charitable donations. Write a long letter to each of those recipients of your largess and tell them exactly why you will NOT be sending them any funds this year—or again in the near future. Even the heads of such groups need to understand why voting for the dictator, Obama, wasn’t a good idea. Many ‘rich’ people make many charitable donations to avoid paying the taxes. I predict that those donations will drop dramatically in the next 2 years.
I know a couple of men who are laying off literally half of their people and they’re only retaining the best of their clients. They are cherry picking those who are not a hassle and who pay on time. The problem employees and problem clients will be set adrift. The core center of the business will be kept alive. The rest will be amputated.
Does your business pay for ‘key man’ insurance now? It needs to do so. IF anything happens to you, the company will benefit. Look into what other kinds of life insurance are not taxable when you are gone.
Can you open a ‘college fund’ for your grandkids? I think some of that is deposited before taxes. Some states even have a fund that you can buy a college education NOW for their young grandkid at today’s prices. When kid goes to college, it is already paid for. IF they die or don’t wish to do to that college, most of your money is refunded.
Or look into doing something similar with a family trust.
Have a long consult with your best CPA or tax attorney.
You have a right to keep alive what you built. Even if the whole thing is scaled down for awhile.
How Much in Gross Sales does the owner of a corner convenience store have to generate in order to cross the threshold of being “The Evil Rich” according to these clowns?”””
I live in a very small rural valley. The local convenience store shut it’s doors last Friday night. Couldn’t continue under Obamacare. They shut it all down.
Damn the cliff. Full speed ahead. Thelma and Louise-style exit.
By far Levin is the only talk show person that clearly sees the danger. The others try to play "nice."
Levin is indeed the best!
He is always under the influence, whether 9am or 9pm but I’ve never seen him drunk.””
i would suggest that you have never seen him SOBER.
My mother was a stone alcoholic. She would imbibe on anything if it was cold enough. Good bourbon to cheap wine, it didn’t matter.
When she finally drank herself to death at 57, I was standing in line at the funeral home, greeting guests who came to pay their respects. Many of the little ladies who were there kept asking what my mother died from. I said acute alcoholism. They tried to tell me that my mother didn’t drink.
I told every one of them that they probably had NEVER seen my mother sober......
Even I hadn’t seen her sober many times in my 24 years.
It doesn’t matter what the republicans do, they’ll be blamed no matter what. With the help of the media they’re in a no win situation. Same thing goes for Tea-Party which I was hoping would replace the Republican party. There’s just simply too many obstacles standing in the way for truth, justice, common sense, etc. to prevail. Several quotes I’d like to share:
So this is how Liberty dies... with thunderous applause ~ Star Wars
When the People find they can vote themselves money, that will herald the end of the Republic. ~ Ben Franklin
I predict future happiness for Americans,if they can prevent the government from wasting the labors of the people under the pretense of taking care of them. ~ Thomas Jefferson
When the People fear the government there is tyranny; When the government fears the People there is Liberty. ~ Thomas Jefferson
I understand what you’re saying; however, I’d be a lot more well-disposed to letting the lemmings rush to the river if they didn’t insist on taking me with them.
Well said. I look on wealth as something the “rich” have and income something the middle class has. With wealth you can control your taxable income.
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