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(NewsChannel 5 Nashville) NewsFlash Obama says fiscal cliff deal is "emerging." OK HOPE IS COMING OUT   (newschannel5.com ) divider line
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4974 clicks; posted to Main » on 31 Dec 2012 at 2:28 PM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»


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2012-12-31 02:48:22 PM  

Jake Steed: Government should do what a responsible American would do in the same situation. STOP spending so much and live within your means, its all very simple.


Many responsible Americans would work some overtime or get another job to increase the household income.
 
2012-12-31 02:48:26 PM  

lenfromak: Yeah, penalize even moderately successful people like me.


Since when are taxes considered a penalty? Is jury duty a punishment too?
 
2012-12-31 02:48:45 PM  

lenfromak: sonnyboy11: Please do not set it at $400k and up. Stay at $250k. Thx

Yeah, penalize even moderately successful people like me.


You still get the same tax breaks everybody else does.  There's no "penalty" at all.

/marginal rates
//how do they work?
 
2012-12-31 02:48:55 PM  

david_gaithersburg: sonnyboy11: Please do not set it at $400k and up. Stay at $250k. Thx

.
You either do not live on the West Coast or the North East, or you have yet to enter the workforce. $250k is low middle income in the DC region.


I lived in Gaithersburg for two years. 250K = "middle class" is absolute horseshiat.
 
2012-12-31 02:49:00 PM  
450k! Sweet! The triple $200 1 oz pour friday night scotch is still in the budget baby!
 
2012-12-31 02:49:03 PM  
Talk to me when there's an actual deal. I'm more inclined to think this is Obama just trying to use a bit of the massive amounts of leverage he has here.
 
2012-12-31 02:49:04 PM  

Mrtraveler01: Yeah no, 250K is not low middle income, it's more like high middle income to high income



THIS. People acting like $250k per year isn't much are idiots. I don't care where you live, that's a lot of dough. I live in LA in an expensive neighborhood, and I feel pretty well-off with my $100k per year. Get some f*cking perspective. If you want to move to Iowa where your $250k per year can buy you a castle, YOU ARE FREE TO DO THAT.
 
2012-12-31 02:49:36 PM  

Pincy: lenfromak: sonnyboy11: Please do not set it at $400k and up. Stay at $250k. Thx

Yeah, penalize even moderately successful people like me.

It's not a penalty. It's your civic duty. You are doing better than the vast majority of Americans. Stop whining.


They can't do it. Greed is good in their world. And they want more. And they don't give a crap if the place crumbles around them- just as long as they get theirs.
 
2012-12-31 02:49:41 PM  

Wangiss: They send what their constituents demand, and the Senate hasn't taken the problem seriously at all.


Neither has the House or else the Senate wouldn't be rejecting all of the budget plans the GOP House pulls from their ass.

The constituents want compromise, not a pure Conservative agenda. Heck, the Dems won the House election but the GOP only managed to maintain their majority due to gerrymandering. If they did, the GOP would have the Senate as well in addition to Romney being elected President.
 
2012-12-31 02:50:11 PM  
"The deal in the works would return tax rates on families making over $450,000 to 39.6 percent. The tax on estates worth more than $5 million would increase to 40 percent. Unemployment benefits would continue for one year."

What about dividends and capital gains? You know - the way wealthy folk derive their incomes and have been taxed at 15% for the last decade or so.
 
2012-12-31 02:50:26 PM  
Sure. By 'deal' you mean he's running out the clock on the GOP so he can look like the good guy. Still gets tax increases for the wealthy. I guess we'll see which government programs get cut, and which social programs get the Robin Hood treatment.
 
2012-12-31 02:50:30 PM  
I can't believe that somebody thought it was a good idea for Obama to go on TV and crack jokes to an audience of the middle class.
 
2012-12-31 02:50:45 PM  

EnviroDude: For two of the aforementioned four years, the democrats were in charge of the house. They were also in charge of the Senate. And for one of those years, they had a filibuster proof majority when you added the left leaning independents that caucused with the democrats.

Then, two years ago, the republicans took over the house.

Prior to that, the democrats:

dated the sunset of the Bush tax cuts for tomorrow

dated the sunset of the payroll withholding tomorrow

dated the implementation of the Obamacare tax hikes tomorrow

The only thing the republicans have done (with the cooperation of the democrats) is date the mandatory spending cuts

/the more you know


I'm okay with all those things and I'm unclear exactly what you're point is anyway.
 
2012-12-31 02:51:08 PM  

Lupine Chemist: david_gaithersburg: sonnyboy11: Please do not set it at $400k and up. Stay at $250k. Thx

.
You either do not live on the West Coast or the North East, or you have yet to enter the workforce. $250k is low middle income in the DC region.

While certainly not rich, don't lie and call it low there either. That's on the upper middle class side of things even around there to be sure. Sorry if you moved to Potomac, MD and you "feel" poor, but you don't get to say it's not a lot of money because you don't have any left after spending it all on expensive things.


.
The cheapest house in MoCo is $350K, and that's for a tear down. So yeah, $250K is low.
 
2012-12-31 02:51:09 PM  

Jake Steed: Government should do what a responsible American would do in the same situation. STOP spending so much and live within your means, its all very simple.


One thing Americans can do to live within their means is to not have more children than they can afford. The government can discourage this by penalizing people who have more than 2 children.
 
2012-12-31 02:51:20 PM  
Joseph Weisenthal @TheStalwart

MCCONNELL: WE'VE REACHED AN AGREEMENT ON ALL OF THE TAX ISSUES
 
2012-12-31 02:51:35 PM  

david_gaithersburg: sonnyboy11: Please do not set it at $400k and up. Stay at $250k. Thx

.
You either do not live on the West Coast or the North East, or you have yet to enter the workforce. $250k is low middle income in the DC region.


As someone working and living in NW DC on 40k a year while my wife finishes up a Masters, I would like to point out you're full of curseword.

For every person in DC making 100k or more, there's ten people trying to make it off of less than 30k. But keep living in your bubble.
 
2012-12-31 02:52:03 PM  

lenfromak: sonnyboy11: Please do not set it at $400k and up. Stay at $250k. Thx

Yeah, penalize even moderately successful people like me.


Okay, I hear your plight. Tell you what, we won't penalize you. We'll give you the same tax cuts as everyone else making $250k or less. I think we can compromise on that. Call your (R) congresspeople, I'll call my (D) ones to let them know.

Deal?
 
2012-12-31 02:52:16 PM  
imgs.xkcd.com
 
2012-12-31 02:52:22 PM  

Britney Spear's Speculum: Jake Steed: Government should do what a responsible American would do in the same situation. STOP spending so much and live within your means, its all very simple.

One thing Americans can do to live within their means is to not have more children than they can afford. The government can discourage this by penalizing people who have more than 2 children.


Newsletter?

Seriously, stop giving tax breaks for having kids.
 
2012-12-31 02:52:28 PM  

Waxing_Chewbacca: sonnyboy11: Please do not set it at $400k and up. Stay at $250k. Thx

It's a good deal. 250k in NYC is a lot different than, say, Iowa.

/ Moderate D here


You know what's also different in Iowa vs. NYC? The salaries.

Deal with it.
 
2012-12-31 02:52:32 PM  
Rebecca Berg @rebeccagberg

"Let's pass the tax relief portion now," McConnell says.


In other words: Let's do this thing that I want to do now and we'll do that thing you wanted later.
 
2012-12-31 02:52:43 PM  

Lupine Chemist: Shrugging Atlas: 400/450k cutoff now? I wonder how much nothing Dems got in return for that bullshiat.

Breaking GOP orthodoxy and undoing chained SS COLA is your definition of nothing?


Correct, since if we went off the cliff that would not happen and the GOP woul dhave to pass it (not likely). Unfortunately the GOP has gotten Obama to negotiate against himself again, although not as badly as before.

I honestly wish he'd stuck to his guns, but I get the need for something in place before markets open. Also before people get first paycheck, which will be as early as Friday.
 
2012-12-31 02:53:23 PM  

Uranus Is Huge!: Jake Steed: Government should do what a responsible American would do in the same situation. STOP spending so much and live within your means, its all very simple.

Many responsible Americans would work some overtime or get another job to increase the household income.

.
You sound racist.
 
2012-12-31 02:53:32 PM  

david_gaithersburg: The cheapest house in MoCo is $350K, and that's for a tear down. So yeah, $250K is low.


No. With an income of $250,000 per year you can afford something called a "car" or "subway tokens" and can commute from somewhere cheaper. Sorry, you're still wrong.
 
2012-12-31 02:53:55 PM  

Pincy: Britney Spear's Speculum: Jake Steed: Government should do what a responsible American would do in the same situation. STOP spending so much and live within your means, its all very simple.

One thing Americans can do to live within their means is to not have more children than they can afford. The government can discourage this by penalizing people who have more than 2 children.

Newsletter?

Seriously, stop giving tax breaks for having kids.


With an exemption for people who have twins when they already have one kid, and for people who have triplets. Cause that just wouldn't be fair.
 
2012-12-31 02:54:03 PM  

Gosling: Talk to me when there's an actual deal. I'm more inclined to think this is Obama just trying to use a bit of the massive amounts of leverage he has here.


Wouldn't surprise me if that's the case.
 
2012-12-31 02:54:09 PM  

Pincy: lenfromak: sonnyboy11: Please do not set it at $400k and up. Stay at $250k. Thx

Yeah, penalize even moderately successful people like me.

It's not a penalty. It's your civic duty. You are doing better than the vast majority of Americans. Stop whining.


Shut up and give 'til it hurts, citizen!
 
2012-12-31 02:54:22 PM  
Eliminate dependent deductions. Don't lower rates for having children, charge extra, they use more services.

/obviously childless
//mostly joking
 
2012-12-31 02:54:22 PM  

DamnYankees: That's nonsense. Deciding to live in expensive cities IS CONSUMPTION. You are actively choosing to live in a place which gets you certain benefits. It's no different than any other kind of consumption. The idea of adjusting tax rates for that would simply be a massive subsidy towards a certain type of consumption.


There are many places where $100k is quite wealthy.
 
2012-12-31 02:54:50 PM  

incendi: jigger: Well, except for the Choom Gang. Good luck on your marijuana charges, citizen.

It's a double negative, we're good here. To be frank, the legal code is such a mess that pretty much everybody has never not broken any law.


Well, it was poorly stated by the statesman, but if you say it like this, "not only has he never broken any law," then it's not a double negative.
 
2012-12-31 02:55:00 PM  

GoldSpider: DamnYankees: That's nonsense. Deciding to live in expensive cities IS CONSUMPTION. You are actively choosing to live in a place which gets you certain benefits. It's no different than any other kind of consumption. The idea of adjusting tax rates for that would simply be a massive subsidy towards a certain type of consumption.

There are many places where $100k is quite wealthy.


In every place 100K is quite wealthy. That's the point.
 
2012-12-31 02:55:14 PM  

david_gaithersburg: Lupine Chemist: david_gaithersburg: sonnyboy11: Please do not set it at $400k and up. Stay at $250k. Thx

.
You either do not live on the West Coast or the North East, or you have yet to enter the workforce. $250k is low middle income in the DC region.

While certainly not rich, don't lie and call it low there either. That's on the upper middle class side of things even around there to be sure. Sorry if you moved to Potomac, MD and you "feel" poor, but you don't get to say it's not a lot of money because you don't have any left after spending it all on expensive things.

.
The cheapest house in MoCo is $350K, and that's for a tear down. So yeah, $250K is low.


Good point. The median American income is $300,000 per year.
 
2012-12-31 02:55:19 PM  

Mrtraveler01: Wangiss: They send what their constituents demand, and the Senate hasn't taken the problem seriously at all.

Neither has the House or else the Senate wouldn't be rejecting all of the budget plans the GOP House pulls from their ass.

The constituents want compromise, not a pure Conservative agenda. Heck, the Dems won the House election but the GOP only managed to maintain their majority due to gerrymandering. If they did, the GOP would have the Senate as well in addition to Romney being elected President.


They didn't pass a budget when they had the whole Hill. They haven't made it a thrust of their party in four years. There's nothing wrong in a Washington mindset with not having a budget at all, or we'd have one. All the strong-arming that's happened in the last four years has been for other stuff. It's just not a priority.

So you know, I'm not a Republican. I'm a progressive minarchist, so there's no sizable party for me in America. But I, like most Americans outside the Beltway, think we should have a budget. And I think it could happen if that's what Washington really wanted.
 
2012-12-31 02:55:23 PM  

Cataholic: Pincy: lenfromak: sonnyboy11: Please do not set it at $400k and up. Stay at $250k. Thx

Yeah, penalize even moderately successful people like me.

It's not a penalty. It's your civic duty. You are doing better than the vast majority of Americans. Stop whining.

Shut up and give 'til it hurts, citizen!


Oh noes, they want to raise taxes on the wealthiest Americans back to the same rate it was a few decades ago!!! Surely this will mean the end of civilized society as we know it.
 
2012-12-31 02:55:30 PM  

sonnyboy11: Gosling: Talk to me when there's an actual deal. I'm more inclined to think this is Obama just trying to use a bit of the massive amounts of leverage he has here.

Wouldn't surprise me if that's the case.


@ethanklapper: McConnell: "I can report we've reached an agreement on all the tax issues. We are very, very close."
 
2012-12-31 02:55:41 PM  

Pincy: Newsletter?

Seriously, stop giving tax breaks for having kids.


Here's a good rule of thumb: if you still live in your parent's house (exception being having moved out, gotten a job, had children then you or your S/O got laid off and you have to move back in with them), then you can't afford to have children.
 
2012-12-31 02:55:48 PM  

david_gaithersburg: Uranus Is Huge!: Jake Steed: Government should do what a responsible American would do in the same situation. STOP spending so much and live within your means, its all very simple.

Many responsible Americans would work some overtime or get another job to increase the household income.
.
You sound racist.


So true. I've never heard of a minority holding down more than one job to make ends meet.

You fail at humanity.
 
2012-12-31 02:56:10 PM  

david_gaithersburg: The cheapest house in MoCo is $350K, and that's for a tear down. So yeah, $250K is low.



And the cheapest house on Carbon Beach in Malibu is $10M. Won't somebody please think of the "lower middle-class" millionaires living on Carbon Beach? It's a stupid argument. $250k/year is a shiatload of money. I live better than most people I know, in an expensive city, and I make less than half that.
 
2012-12-31 02:56:12 PM  
The median income for the DC, Arlington, and Alexandria metro area in 2011 was 86k per household, 112k average per household, per the American Community Survey.

The NY, Northern NJ, and Long Island metro median income was 62k (91k average), per household.

I just wanted some data thrown in the discussion before we start arguing if 250k, 400k, etc. is a lot of money.
 
2012-12-31 02:56:25 PM  
Joseph Weisenthal @TheStalwart

Now Corker says the President is holding the deal hostage.
 
2012-12-31 02:56:28 PM  
Emerging you say...

3.bp.blogspot.com
 
2012-12-31 02:56:43 PM  

rotsky: Is this AGI or taxable income? This is important.


I've heard it reported as taxable income, and the rate would only rise for taxable income ABOVE the decided-upon threshold, in keeping with the marginal approach to tax bracketing. In fact, I heard a detailed story on how the administration was actually planning their bid to have an AGI cut-off around $290K to be damn certain that no one with a taxable income below $250K would see a bit of increase.

INeedAName: You either do not live on the West Coast or the North East, or you have yet to enter the workforce. $250k is low middle income in the DC region.

As someone working and living in NW DC on 40k a year while my wife finishes up a Masters, I would like to point out you're full of curseword.


Indeed. This is horse curseword.
 
2012-12-31 02:56:48 PM  
McConnell went Galt at the last minute?
 
2012-12-31 02:56:57 PM  
As Grandpa used to say, hope in one hand and shiat in the other.
 
2012-12-31 02:56:59 PM  

david_gaithersburg: The cheapest house in MoCo is $350K, and that's for a tear down. So yeah, $250K is low.


The cheapest Trump Tower penthouse is like $15 million. So for people who live in the penthouse of Trump Tower, $250k is pretty much broke.
 
2012-12-31 02:57:01 PM  

The Evil That Lies In The Hearts Of Men: "The deal in the works would return tax rates on families making over $450,000 to 39.6 percent. The tax on estates worth more than $5 million would increase to 40 percent. Unemployment benefits would continue for one year."

What about dividends and capital gains? You know - the way wealthy folk derive their incomes and have been taxed at 15% for the last decade or so.


I'm not wealthy but I invest in the market, as does most everyone I know to some degree. Raising the taxes by 33% will affect future decisions and investments.
 
2012-12-31 02:57:09 PM  
Holy fark my first greenlight. Poop jokes and politics for the win.
 
2012-12-31 02:57:12 PM  

DamnYankees: In every place 100K is quite wealthy. That's the point.


Nah, it's relatively high income. You can have that income, be an idiot with your money, and never achieve wealthiness.
 
2012-12-31 02:57:26 PM  

ChuDogg: Personally I'm rooting for the fiscal cliff.


Yeah, it's a bit short-sighted of me, but I was kind of thinking that, too. Why? Because I wanted the Republicans to have to sit in the middle of the horror that they created and be able to scream at them, "This is what a budget cut looks like, you assholes!"

I've probably mentioned this before, but the Fiscal Cliff would leave a $70 million budget gap in our state. Suddenly our Tea-Partying governor doesn't think budget cuts are such a good idea anymore, and when pinned down by reporters, starts squirming like a bug.
 
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