Lurking Fear: hillbillypharmacistTEMPORARY TAX HOLIDAY IS EXPIRING under HIS WATCH (lots of drool and babbling edited).What part of temporary is so hard to understand, shiatforbrains?
wotthefark: can invest in more capital and use more employees.
Dr Dreidel: wotthefark: Why not just lift the Social Security Wage Base from $110100 to all payroll like medicare??? Everybody gets 4.2% including employers.Because SS payouts are capped, too. The typical response to that proposal is that removing the contribution cap makes SS even more of a wealth-transfer type of program. Keeping payouts capped while uncapping contributions means it's a guaranteed screw-job for people making above the cap. Removing the cap on payouts as well would defeat the purpose of uncapping contributions.I think it'd be a great idea to remove the cap on contributions, but (once again) the rich'd scream bloody murder if they had to live by the rules that normal folks do.// did I just say the same thing 4 times?// maybe, and also perhaps, perchance and conceivably
Kazan: once upon i time i actually posted about 3 posts worth of citations for it. didn't make a difference, all the farkwits just ignored the science.someday i'll be pissed enough to do full citations again. then i'll save that biatch in a txt file, and every time it comes up again. BOOM KNOWLEDGE BOMB.
Kazan: Marine1: Kazan: Marine1: [crybaby stoner]get a job, and a life.Dude... I don't touch weed and have a job.It's just a fact that there are some good policies that Obama has just ignored.i dislike both sides of the drug argument.. one is whiny, and the other is controlling. and neither side's solution is acceptable for me.
skullkrusher: cutting the cost of labor would make the threshold for increased hiring lower.
Dr Dreidel: We're going from 4% to 6.2% (and the self-employeds are going from 10% to 12.2%) IIRC. And because we were all paying attention, we know that the payroll tax only applies to income up to $110k.
TV's Vinnie: Yes. Say goodbye to the tax cut that was starving an already critical Social Security system.
Blue_Blazer: Good thing the recession is over. So you're on board with increasing taxes now right?
skullkrusher: for most people, that 3rd grade level coverage is enough - it is enough to know that this policy will result in less $ for you and your family or that one will give you more money to spend. That's all most people really give a shiat about anyway.
wotthefark: Why not just lift the Social Security Wage Base from $110100 to all payroll like medicare??? Everybody gets 4.2% including employers.
Holocaust Agnostic: GAT_00: Dusk-You-n-Me: GAT_00: Which really doesn't make things that much better.Just making sure we're all on the same page.Oh it's a good thing to point out. But while it is good that the trust fund isn't being cratered more, the loss to the general fund isn't exactly good either.Why?
Dusk-You-n-Me: GAT_00: Which really doesn't make things that much better.Just making sure we're all on the same page.
BMulligan: It sucks for me personally, but it is clearly the right thing to do from a policy perspective.
Cletus C.: I read this to say Obama wants to tax the middle class more.Thanks, Obummer.
GAT_00: Which really doesn't make things that much better.
Dusk-You-n-Me: Grand_Moff_Joseph: and the potential long term damage to the SS trust fund was huge.SS trust fund didn't lose a dime.As with the provision that is currently in effect for 2011, the amount of revenue that is foregone to the Social Security Trust Funds because of the extension of this payroll tax reduction will be replaced with General Fund transfers of the same amount. Thus, the projected level of OASI and DI Trust Funds will be unaffected by the enactment of this bill. Link
Grand_Moff_Joseph: and the potential long term damage to the SS trust fund was huge.
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