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(CNBC)   Boehner blinks, White House farts   (cnbc.com) divider line 54
    More: Misc, White House, doctor's visit, Boehner, bush era, Medicare and Medicaid, welfares, House Minority Leader, tax rates  
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4739 clicks; posted to Politics » on 17 Dec 2012 at 12:16 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-12-17 09:29:43 AM
Well, the White House hasn't won yet, but the Boehner has already lost.
 
2012-12-17 09:30:49 AM
False, submitter. The White House ALWAYS farts. Ego pedere ergo sum
 
2012-12-17 10:17:17 AM
Boehner is sooooo FARKed he realizes the cliff is not what anyone wants but he doesn't have enough power to keep the spoiled retarded children of the Tea Party from rebelling if he tries to compromise. I predict he'll find the votes but the Tea Party Caucus forces him from the Speaker position.
 
2012-12-17 11:00:49 AM

NuttierThanEver: Boehner is sooooo FARKed he realizes the cliff is not what anyone wants but he doesn't have enough power to keep the spoiled retarded children of the Tea Party from rebelling if he tries to compromise. I predict he'll find the votes but the Tea Party Caucus forces him from the Speaker position.


You'd think at this point he'd want to pull a Scarface from Half-Baked and quit this b*tch.
 
2012-12-17 11:25:06 AM
FTFA:"A source familiar with the Obama-Boehner talks confirmed that Boehner proposed extending low tax rates for everyone who has less than $1 million in net annual income, meaning tax rates would rise on all above that line."

I don't think they understand that Obama has no intention of moving off the 250k number.
 
2012-12-17 11:31:12 AM

Jackson Herring: False, submitter. The White House ALWAYS farts. Ego pedere ergo sum


Is that Latin for "This too shall gas"?
 
2012-12-17 11:38:08 AM
Boehner agree to "tax hikes" for the wealthy? Yeah, I'm not holding my breath.

...

Or, maybe, I am, until the air clears.
 
2012-12-17 11:39:11 AM

Jackson Herring: False, submitter. The White House ALWAYS farts. Ego pedere ergo sum


i.imgur.com
 
2012-12-17 11:40:11 AM

Snarfangel: Jackson Herring: False, submitter. The White House ALWAYS farts. Ego pedere ergo sum

Is that Latin for "This too shall gas"?


2.bp.blogspot.com
 
2012-12-17 11:43:20 AM

Snarfangel: "This too shall gas"


oh I like this
 
2012-12-17 12:19:12 PM
... on a bongo?
 
2012-12-17 12:19:42 PM
i.imgur.com
 
2012-12-17 12:20:35 PM
Funny - I often have to blink after farting due to the flatus causing watery eyes & whatnot.
 
2012-12-17 12:20:51 PM

NuttierThanEver: Boehner is sooooo FARKed he realizes the cliff is not what anyone wants but he doesn't have enough power to keep the spoiled retarded children of the Tea Party from rebelling if he tries to compromise. I predict he'll find the votes but the Tea Party Caucus forces him from the Speaker position.


You called it. Boehner is in the trash compactor on the detention level, but R2 is nowhere to be found.

I've got a good feeling about this.
 
2012-12-17 12:21:26 PM
The meeting cames after Boehner offered...

Oh, ffs, CNBC.
 
2012-12-17 12:21:55 PM
Boehnerfarts?

\welcome to Pandora
 
2012-12-17 12:23:40 PM
Boehner is going to be incapable of offering a deal any better for Obama than the fiscal cliff until Dec. 31. At this point, the cliff is "we get what we want, you don't, and the public blames you for it".

The GOP is going to have to learn how to dig deep if they want to beat that deal.
 
2012-12-17 12:25:23 PM

sammyk: FTFA:"A source familiar with the Obama-Boehner talks confirmed that Boehner proposed extending low tax rates for everyone who has less than $1 million in net annual income, meaning tax rates would rise on all above that line."

I don't think they understand that Obama has no intention of moving off the 250k number.


I wouldn't be surprised if Obama agreed to the creation of higher brackets as part of the deal. A lot of the problem is that the highest bracket includes a huge income range; the people making $250k have much more in common with the people in the next lowest bracket than the people at the top of the $250k+ bracket.
 
2012-12-17 12:35:13 PM
My guess is that Obama will say, incomes over $250K still have to go up. It might be only a token increase. But he'll insist that there be something. And that Boehner will concede eventually.
 
2012-12-17 12:39:33 PM
Here's how to solve this :

1. Add a new tax bracket over 1 million and add 2% to the to marginal rate.

2. Cap the mortgage interest deduction county by county

3. Remove the cap on SSN and FICA

4. Cap the 'capital gains' rate to $250,000 annually.

5. Institute a minimum alternate corporate tax on Gross Receipts
 
2012-12-17 12:41:40 PM
Eh I'm ready to go over the cliff. The GOP will be in a real pickle at that point and might be ready to really take it in the backdoor.

they certainly deserve a prolapse or two...
 
2012-12-17 12:44:05 PM
We are asshole to eyeball, and I think the other Boehner just blinked.
 
2012-12-17 12:46:07 PM
Boehner's also going to end up on having to give on including the debt ceiling raise in this negotiation.
 
2012-12-17 12:51:12 PM
So we're seeing the end to "Mr. Nicey-nice Obama" this time around?

Well then. This should be...interesting.
 
2012-12-17 12:52:33 PM

Derp Du Jour: Boehnerfarts?

\welcome to Pandora


Why don't you try blowing up some Boehnerfarts with grenades, see how the new name suits you?
 
2012-12-17 12:53:41 PM
If the little weasel was serious, he'd be saying this in public.

It's like the Ryan plan- he's just pretending to support it. If the other side agrees, he'll back away from it.
 
2012-12-17 12:55:05 PM
This is going to hurt isn't it?
i2.cdn.turner.com

Just close your eyes and pretend you're on a beach. It'll be over in no time.
l3.yimg.com

blog.heartland.org
 
2012-12-17 12:56:03 PM

qorkfiend: sammyk: FTFA:"A source familiar with the Obama-Boehner talks confirmed that Boehner proposed extending low tax rates for everyone who has less than $1 million in net annual income, meaning tax rates would rise on all above that line."

I don't think they understand that Obama has no intention of moving off the 250k number.

I wouldn't be surprised if Obama agreed to the creation of higher brackets as part of the deal. A lot of the problem is that the highest bracket includes a huge income range; the people making $250k have much more in common with the people in the next lowest bracket than the people at the top of the $250k+ bracket.


I think this is where Obama has to be careful. While $250k seems like a lot to someone making $50k a year (and it is a lot), it is far from putting you in the filthy rich category. If the GOP make a offer that increases taxes on those making over a $1M and Obama turns it down, then he may come off looking like the obstructionist party.

In the interests of full disclosure... My taxes will go up under the Obama plan, I can afford it (although it will change my spending habits a bit, but it won't touch my investment practices), I have voted twice for Obama. I am a fiscal conservative, but cannot bring myself to vote for what currently passes as the Republican party.
 
2012-12-17 01:03:09 PM

spigi: I think this is where Obama has to be careful. While $250k seems like a lot to someone making $50k a year (and it is a lot), it is far from putting you in the filthy rich category. If the GOP make a offer that increases taxes on those making over a $1M and Obama turns it down, then he may come off looking like the obstructionist party.


Right. The people making $250k have much more in common with the next lowest bracket than they do with the top earners in their actual bracket; new brackets would go a long ways towards simplifying the conversation.
 
2012-12-17 01:07:24 PM

qorkfiend: Right. The people making $250k have much more in common with the next lowest bracket than they do with the top earners in their actual bracket; new brackets would go a long ways towards simplifying the conversation.


Especially seeing as the people making $250k won't actually see an increase. Those making slightly more will see an equally slight increase. But I'm sure we'll hear the epic lamentations of those making $260k a year who will now starve to death because George W. HUSSEIN Obama's tax increase is makes it impossible for them to get by.
 
2012-12-17 01:12:25 PM
i253.photobucket.com
 
2012-12-17 01:16:42 PM

spigi: qorkfiend: sammyk: FTFA:"A source familiar with the Obama-Boehner talks confirmed that Boehner proposed extending low tax rates for everyone who has less than $1 million in net annual income, meaning tax rates would rise on all above that line."

I don't think they understand that Obama has no intention of moving off the 250k number.

I wouldn't be surprised if Obama agreed to the creation of higher brackets as part of the deal. A lot of the problem is that the highest bracket includes a huge income range; the people making $250k have much more in common with the people in the next lowest bracket than the people at the top of the $250k+ bracket.

I think this is where Obama has to be careful. While $250k seems like a lot to someone making $50k a year (and it is a lot), it is far from putting you in the filthy rich category. If the GOP make a offer that increases taxes on those making over a $1M and Obama turns it down, then he may come off looking like the obstructionist party.

In the interests of full disclosure... My taxes will go up under the Obama plan, I can afford it (although it will change my spending habits a bit, but it won't touch my investment practices), I have voted twice for Obama. I am a fiscal conservative, but cannot bring myself to vote for what currently passes as the Republican party.


For arguments sake I will create a strawman that makes 350k. If the Obama plan goes into effect our friendly straw man will only pay the higher rate on 100k of that. That increase will be 4% or $4,000. Now that $4,000 dollars will be a little over %1 of his total gross for the year. When you figure this strawman is also paying for health ins for his family, getting the right offs for the wife and kids and he's maxing out his 401k that addition $4,000 shrinks really fast. I don't think his life style is going to change much. If it bothers him that much he could just get a better accountant that can stick his money in a nice tax shelter.
 
2012-12-17 01:25:22 PM

incendi: qorkfiend: Right. The people making $250k have much more in common with the next lowest bracket than they do with the top earners in their actual bracket; new brackets would go a long ways towards simplifying the conversation.

Especially seeing as the people making $250k won't actually see an increase. Those making slightly more will see an equally slight increase. But I'm sure we'll hear the epic lamentations of those making $260k a year who will now starve to death because George W. HUSSEIN Obama's tax increase is makes it impossible for them to get by.


Also, most people that don't understand tax brackets also do not understand that not every single penny earned is tax. Everybody's taxable income is less than their gross income. Money earned that is put qualified retirements accounts is income tax dedecutable. Money earned that is used to pay health insurance premiums is income tax deductable. Money earned that is used to pay mortgage interest, property taxes, and homeowners insurance is income tax dedcutable. And so on...

Generally a person with $250,000 in taxable income has a gross income much greater than that. It's easy for a person who earns over $300,000 per year to not have $250,000 in taxable income. Hell it's probably not unheard of for a person who earns $500,000 or more to have less than $250,000 in taxable income particularity if they have a stable full of therapy horses.
 
2012-12-17 01:35:58 PM
You know what would be okay with me, as a sort of a compromise? Creating more levels of taxation. So. people making $250K to $500K would be taxed at, say, 37%. People earning $501K to a million would pay 40%, People earning over a million would pay 45%. Anyone whose income comes primarily from capital gains or bonuses would pay a guaranteed minimum of 33% if that income exceeds a million dollars but is under $10 million a year. Those whose incomes from bonuses and capital gains exceed $10 million would pay a minimum of 42%.
 
2012-12-17 01:46:20 PM

rubi_con_man: 3. Remove the cap on SSN and FICA


I never understood why there was a cap in the first place. That always seemed stupid to me, especially in light of the fact that inflation rarely sits still.
 
2012-12-17 01:52:55 PM
i1207.photobucket.com
 
2012-12-17 01:56:10 PM
Boehner is only doing this because the more he postures and stalls, the more time he gets to spend with his boy crush, Barack.
 
2012-12-17 01:58:41 PM
sammyk:

For arguments sake I will create a strawman that makes 350k. If the Obama plan goes into effect our friendly straw man will only pay the higher rate on 100k of that. That increase will be 4% or $4,000. Now that $4,000 dollars will be a little over %1 of his total gross for the year. When you figure this strawman is also paying for health ins for his family, getting the right offs for the wife and kids and he's maxing out his 401k that addition $4,000 shrinks really fast. I don't think his life style is going to change much. If it bothers him that much he could just get a better accountant that can stick his money in a nice tax shelter.


Exactly. The point I was trying to make is that a small increase in marginal tax rate will not affect me, or people like, to any great extent. Our disposable income will drop by a few thousand, but in the scale of things that is a small price to pay to get deficit down. However, I am concerned that Obama may loose public support if he seen too keen to go over the fiscal cliff when the GOP has placed a "reasonable compromise" on the table.
 
2012-12-17 02:04:16 PM
Does Boehner understand the losers don't get to dictate terms?
 
2012-12-17 02:06:23 PM

HugsAndPuppies: rubi_con_man: 3. Remove the cap on SSN and FICA

I never understood why there was a cap in the first place. That always seemed stupid to me, especially in light of the fact that inflation rarely sits still.


There's no cap on the part of FICA that is levied for Medicare.

The limit to the wages taxed for SS also applies to the benefit calculation.

http://www.ssa.gov/oact/cola/cbb.html

So, while a person who earns $113,700 in 2013 pays no more in SS taxes than someone who earns $1 million, they will also get the same benefit on the back end.

Maybe it would be worthwhile to do away with the limit on taxes and benefits, but if you're suggesting that the person who earns $1 million gets taxed on every dollar of income but receives no additional benefit on the back end, or gets reduced benefits based upon means testing, that's a rather different proposal.
 
2012-12-17 02:14:08 PM

spigi: sammyk:

For arguments sake I will create a strawman that makes 350k. If the Obama plan goes into effect our friendly straw man will only pay the higher rate on 100k of that. That increase will be 4% or $4,000. Now that $4,000 dollars will be a little over %1 of his total gross for the year. When you figure this strawman is also paying for health ins for his family, getting the right offs for the wife and kids and he's maxing out his 401k that addition $4,000 shrinks really fast. I don't think his life style is going to change much. If it bothers him that much he could just get a better accountant that can stick his money in a nice tax shelter.

Exactly. The point I was trying to make is that a small increase in marginal tax rate will not affect me, or people like, to any great extent. Our disposable income will drop by a few thousand, but in the scale of things that is a small price to pay to get deficit down. However, I am concerned that Obama may loose public support if he seen too keen to go over the fiscal cliff when the GOP has placed a "reasonable compromise" on the table.


But it's not a reasonable compromise and your quotes make me believe you are not convinced it is either. Very few people actually make over 1 mil in cash compensation in a year for the sole purpose of avoiding the income taxes. For example the CEO of my large publicly traded corporation got 950k in cash compensation the last 2 years according to the SEC filings. He would not pay another dime under the plan Boehner is proposing. His 10 mil stock bonus would still be taxed at %15 whenever he decides to exercise those options.
 
2012-12-17 02:27:06 PM
No, I don't believe it is a reasonable compromise. At least not if it doesn't bring in the same amount of revenue as the existing proposal. The only compromise I would see as reasonable would be one that would bring in same amount of tax revenue as plan that Obama has proposed. My concern is that the Republicans could play this off as being a realistic alternative and then let Obama take the heat for falling off the cliff.
 
2012-12-17 02:36:29 PM

theorellior: [i.imgur.com image 500x360]


Another spider playing bongos

images3.wikia.nocookie.net

/RIDICULOUSLY hard to find good Boosh images online...
 
2012-12-17 02:50:03 PM
Obama's just negotiating for a better deal than the fiscal cliff. After this year, they will have a much better lead in the Senate, a tighter GOP majority in the House, and enough power to just offer the people something better than the deals presented right now. As well as fix up the mess that the "cliff" caused. While it would cause the IRS a ton of headaches, Congress can retroactively reverse much of the damage after the new year. (They have done it before, a few years ago.)

Let's also remember what the "cliff" actually entails:

1. Expiration of the Bush tax cuts extended by President Obama in the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010;
2. Across-the-board spending cuts ("sequestration") to most discretionary programs as directed by the Budget Control Act of 2011;
3. Reversion of the Alternative Minimum Tax thresholds to their 2000 tax year levels;
4. Expiration of measures delaying the Medicare Sustainable Growth Rate from going into effect (the "doc fix"), as extended by the Middle Class Tax Relief and Job Creation Act of 2012 (MCTRJCA);
5. Expiration of the 2% Social Security payroll tax cut, most recently extended by MCTRJCA;
6. Expiration of federal unemployment benefits, as extended by MCTRJCA
7. Expiration of federal renewable energy production tax credit for wind power of 2.2₡ per kWh established by the American Recovery and Reinvestment Act of 2009 and
8. New taxes imposed by the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010. 

#1: Who cares? Let them die. Even the middle class isn't going to be worried too much about these.
#2: Not sure what the details of these are, but Congress would likely be able to fix a lot of these
#3: Who cares? Almost everybody works out better with it itemized, anyway.
#4: Good. This is supposed to control Medicare costs, anyway.
#5: Two percent? These are all the farks I give.
#6: Sad, but these have been extended towards infinity, anyway.
#7: Yeah, that sucks. Maybe they can get these back.
#8: This is part of the "cliff"? No, these are just new laws going into effect.
 
2012-12-17 02:52:37 PM

SineSwiper: 3. Reversion of the Alternative Minimum Tax thresholds to their 2000 tax year levels;


SineSwiper: #3: Who cares? Almost everybody works out better with it itemized, anyway.


Are you confusing the AMT with the standard deduction?

FTwiki: "The Alternative Minimum Tax (AMT) is an income tax imposed by the United States federal government on individuals, corporations, estates, and trusts. AMT is imposed at a nearly flat rate on an adjusted amount of taxable income above a certain threshold (also known as exemption). This exemption is substantially higher than the exemption from regular income tax.
Regular taxable income is adjusted for certain items computed differently for AMT, such as depreciation and medical expenses. No deduction is allowed for state taxes or miscellaneous itemized deductions in computing AMT income. Taxpayers with incomes above the exemption whose regular Federal income tax is below the amount of AMT must pay the higher AMT amount."
 
2012-12-17 03:06:43 PM

sammyk: FTFA:"A source familiar with the Obama-Boehner talks confirmed that Boehner proposed extending low tax rates for everyone who has less than $1 million in net annual income, meaning tax rates would rise on all above that line."

I don't think they understand that Obama has no intention of moving off the 250k number.


That bugs me. One million is rich. A couple making 250k is upper middle class. Lawyers with huge student loans, etc. Why is 250 the demarcation?
 
2012-12-17 03:09:52 PM

Quasar: Why is 250 the demarcation?


250 is where you start paying more.
 
2012-12-17 03:22:42 PM
i1125.photobucket.com
 
182
2012-12-17 03:53:34 PM
www.treemonkey.net 

squeal like a pig, boehner.
 
2012-12-17 04:45:04 PM

incendi: Well, the White House hasn't won yet, but the Boehner has already lost.


I work for the federal gov with some extremely right-wing folks, and today they stopped calling me a socialist just long enough to admit that right now the party most responsible is the Republicans. Even though they don't want taxes raised on job creators even they believe that it isn't a line item worth fighting this hard on - they think republicans should give in on tax raises on the wealthy. Hell, they are even intelligent enough to know that if we do get a budget balanced at some point and higher revenues played a role that it won't be that hard for a short spot of Republican control to put tax cuts back in place.

These are folks who call Obama "that marxist-racist (like it is a single term)" and all of that rubbish. These are people who really do think that if you give a millionaire an extra 30k he will hire another worker with it. These are people who think the only reason Democrats even won is because they control the illegal immigrant vote. These are farking nutters, and they are still looking at the house and thinking "wtf, party I voted for, are you farking doing"

Quasar: A couple making 250k is upper middle class


Only 2% of households earn over 250k. Are you really saying that less than 2% of the country is upper class in your view? If so, where do you draw the line for lower class (percentage wise)?

Because these terms are pretty meaningless if 90% of the country is "middle class".

/braces for case examples of a man and a woman with 3 kids living in manhattan and barely making ends meet for their two 70 hour a week jobs and spending half their income on child care. They probably DO exist, but I assure you they are doing it wrong.
 
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