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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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4977 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 06:57:10 PM  

scubamage: KungFuJunkie: scubamage: Uranus Is Huge!: scubamage: tenpoundsofcheese: scubamage: jayphat: scubamage: jayphat: rohar: tenpoundsofcheese: rohar: tenpoundsofcheese: make me some tea: Well, it's more of a downward slope than a cliff, anyway.

At least we'll starting whittling down this debt.

how's that since 0bama has proposed more spending?

Lots of people proposed lots of things. It didn't happen. Now we increase taxes and reduce spending. How could this not reduce the debt?

where is the reduced spending in this deal?

There is no deal. Sequester must take effect. That's what the deal was supposed to avoid.

Stand by for massive cuts all across the government. It should be entertaining as all hell.

Jesus christ there won't be massive cuts. There will be a 1.5% cut in government spending. THAT'S IT.

Sadly on average most american families are looking at around 2500$ in taxes a year. My household is looking at around 350$ a month in additional taxes, which sucks, a lot. That's groceries for us thanks to mortgage, student loans, and car loan.

What "average" is this based in?

Link

I misremembered, it's 3500, not 2500. So my household is looking at an additional ~7000$ in a taxes a year.

pay up.  part of the social contract.  if you earn that much money, you should be happy to pay your fair share.

That's great. Except right now my fiance earns around 61000, I earn around 70000. Between mortgage (1450/mo), student loans (~800/mo), furnace payment (350), car loan (270), and monthly bills we had around 200$ extra a month. This change could quite honestly cost us our house. I'm fine with higher taxes, just give me some time to adjust instead of jacking our taxes up overnight.

My household makes less with similar bills. We have more than $200 in disposable income each month. You're doing it wrong if you are unable to get by on 130k+ annually.

Oh yeah, oil heat costs around 600$ every 6 weeks, so that's another bill. 240 a month for groceries (60 a week).

You're ...


Allowance for spending? WTF?

So you have more like ~600 every month.
 
2012-12-31 06:57:13 PM  

had98c: chuggernaught: KungFuJunkie: scubamage: Uranus Is Huge!: scubamage: tenpoundsofcheese: scubamage: jayphat: scubamage: jayphat: rohar: tenpoundsofcheese: rohar: tenpoundsofcheese: make me some tea: Well, it's more of a downward slope than a cliff, anyway.

At least we'll starting whittling down this debt.

how's that since 0bama has proposed more spending?

Lots of people proposed lots of things. It didn't happen. Now we increase taxes and reduce spending. How could this not reduce the debt?

where is the reduced spending in this deal?

There is no deal. Sequester must take effect. That's what the deal was supposed to avoid.

Stand by for massive cuts all across the government. It should be entertaining as all hell.

Jesus christ there won't be massive cuts. There will be a 1.5% cut in government spending. THAT'S IT.

Sadly on average most american families are looking at around 2500$ in taxes a year. My household is looking at around 350$ a month in additional taxes, which sucks, a lot. That's groceries for us thanks to mortgage, student loans, and car loan.

What "average" is this based in?

Link

I misremembered, it's 3500, not 2500. So my household is looking at an additional ~7000$ in a taxes a year.

pay up.  part of the social contract.  if you earn that much money, you should be happy to pay your fair share.

That's great. Except right now my fiance earns around 61000, I earn around 70000. Between mortgage (1450/mo), student loans (~800/mo), furnace payment (350), car loan (270), and monthly bills we had around 200$ extra a month. This change could quite honestly cost us our house. I'm fine with higher taxes, just give me some time to adjust instead of jacking our taxes up overnight.

My household makes less with similar bills. We have more than $200 in disposable income each month. You're doing it wrong if you are unable to get by on 130k+ annually.

Oh yeah, oil heat costs around 600$ every 6 weeks, so that's another bill. 240 a month for groceries (60 a ...


See the above numbers. There's also 191 that gets taken out of my paycheck montly pre-tax, as well as my 401k (4.5% of salary to take full advantage of matching), plus the glorious philadelphia privilege tax.
 
2012-12-31 06:57:53 PM  
so we're fixing the nation's finances, *and* offering services up to individual farkers as financial planners?

i just keep picturing the 'The Offices of Torg, Torg, and Torg - Accountants at Internet' sign.
 
2012-12-31 06:58:34 PM  

scubamage: chuggernaught: scubamage

That's great. Except right now my fiance earns around 61000, I earn around 70000. Between mortgage (1450/mo), student loans (~800/mo), furnace payment (350), car loan (270), and monthly bills we had around 200$ extra a month. This change could quite honestly cost us our house. I'm fine with higher taxes, just give me some time to adjust instead of jacking our taxes up overnight.

So $130,000 per year salary wise (before taxes I assume), and $34,440 going out a year in the bills you listed with dollar amounts. How much are your other bills that you only have $200 left at the end of each month? You must be oozing money somewhere else. Figure fuel, groceries, clothes, utilities, etc. I just can't figure where you're losing the rest of your salaries. Either you're trolling and committed a cardinal troll sin by using actual numbers, or you are as bad as I am when it comes to finances.

She's a teacher so she instantly loses 7% of her salary to state pension funds, then another 5% to her 403b (it's a bargaining item for the union, so she has to do it, it's not something she can "decline". Her bi-weekly takehome is $1100. Mine is $1475.


Indeed. I only make 50k, so how is my take-home pay higher than yours at 70k, even after I max out every pre-tax employer benefit I have available?

In any case, that's one hell of a commute. Even worse than mine (1.5 hours by train, each way).

/solidarity, brother
//unless that number is made up too
 
2012-12-31 06:59:25 PM  

scubamage: KungFuJunkie: scubamage: Uranus Is Huge!: scubamage: tenpoundsofcheese: scubamage: jayphat: scubamage: jayphat: rohar: tenpoundsofcheese: rohar: tenpoundsofcheese: make me some tea: Well, it's more of a downward slope than a cliff, anyway.

At least we'll starting whittling down this debt.

how's that since 0bama has proposed more spending?

Lots of people proposed lots of things. It didn't happen. Now we increase taxes and reduce spending. How could this not reduce the debt?

where is the reduced spending in this deal?

There is no deal. Sequester must take effect. That's what the deal was supposed to avoid.

Stand by for massive cuts all across the government. It should be entertaining as all hell.

Jesus christ there won't be massive cuts. There will be a 1.5% cut in government spending. THAT'S IT.

Sadly on average most american families are looking at around 2500$ in taxes a year. My household is looking at around 350$ a month in additional taxes, which sucks, a lot. That's groceries for us thanks to mortgage, student loans, and car loan.

What "average" is this based in?

Link

I misremembered, it's 3500, not 2500. So my household is looking at an additional ~7000$ in a taxes a year.

pay up.  part of the social contract.  if you earn that much money, you should be happy to pay your fair share.

That's great. Except right now my fiance earns around 61000, I earn around 70000. Between mortgage (1450/mo), student loans (~800/mo), furnace payment (350), car loan (270), and monthly bills we had around 200$ extra a month. This change could quite honestly cost us our house. I'm fine with higher taxes, just give me some time to adjust instead of jacking our taxes up overnight.

My household makes less with similar bills. We have more than $200 in disposable income each month. You're doing it wrong if you are unable to get by on 130k+ annually.

Oh yeah, oil heat costs around 600$ every 6 weeks, so that's another bill. 240 a month for groceries (60 a week).

You're ...


There wouldn't be seem to be trouble if there wasn't dependence on student loans and mortgage interest deductions. See what government dependency gets you?
 
2012-12-31 07:00:23 PM  

Mighty Taternuts: skullkrusher: much more of a "shiatload" but as far as our tax system is concerned, exactly the same

So? You want Federal income taxes to be based on where you live or something?


It only makes sense in a progressive tax system based on marginal utility of the dollar. Apples cost more in NYC.
 
2012-12-31 07:00:47 PM  

djkutch: Civil_War2_Time: rohar: scubamage: chuggernaught: scubamage

That's great. Except right now my fiance earns around 61000, I earn around 70000. Between mortgage (1450/mo), student loans (~800/mo), furnace payment (350), car loan (270), and monthly bills we had around 200$ extra a month. This change could quite honestly cost us our house. I'm fine with higher taxes, just give me some time to adjust instead of jacking our taxes up overnight.

So $130,000 per year salary wise (before taxes I assume), and $34,440 going out a year in the bills you listed with dollar amounts. How much are your other bills that you only have $200 left at the end of each month? You must be oozing money somewhere else. Figure fuel, groceries, clothes, utilities, etc. I just can't figure where you're losing the rest of your salaries. Either you're trolling and committed a cardinal troll sin by using actual numbers, or you are as bad as I am when it comes to finances.

She's a teacher so she instantly loses 7% of her salary to state pension funds, then another 5% to her 403b (it's a bargaining item for the union, so she has to do it, it's not something she can "decline". Her bi-weekly takehome is $1100. Mine is $1475.

That still leaves you almost $40k for hookers and blow. Not sure why you're complaining.

Probably because you NEED his money to survive.

[i.imgur.com image 553x768]


I liked LOTR, but that's just a bit too much.
 
2012-12-31 07:02:00 PM  

djkutch: scubamage: KungFuJunkie: scubamage: Uranus Is Huge!: scubamage: tenpoundsofcheese: scubamage: jayphat: scubamage: jayphat: rohar: tenpoundsofcheese: rohar: tenpoundsofcheese: make me some tea: Well, it's more of a downward slope than a cliff, anyway.

At least we'll starting whittling down this debt.

how's that since 0bama has proposed more spending?

Lots of people proposed lots of things. It didn't happen. Now we increase taxes and reduce spending. How could this not reduce the debt?

where is the reduced spending in this deal?

There is no deal. Sequester must take effect. That's what the deal was supposed to avoid.

Stand by for massive cuts all across the government. It should be entertaining as all hell.

Jesus christ there won't be massive cuts. There will be a 1.5% cut in government spending. THAT'S IT.

Sadly on average most american families are looking at around 2500$ in taxes a year. My household is looking at around 350$ a month in additional taxes, which sucks, a lot. That's groceries for us thanks to mortgage, student loans, and car loan.

What "average" is this based in?

Link

I misremembered, it's 3500, not 2500. So my household is looking at an additional ~7000$ in a taxes a year.

pay up.  part of the social contract.  if you earn that much money, you should be happy to pay your fair share.

That's great. Except right now my fiance earns around 61000, I earn around 70000. Between mortgage (1450/mo), student loans (~800/mo), furnace payment (350), car loan (270), and monthly bills we had around 200$ extra a month. This change could quite honestly cost us our house. I'm fine with higher taxes, just give me some time to adjust instead of jacking our taxes up overnight.

My household makes less with similar bills. We have more than $200 in disposable income each month. You're doing it wrong if you are unable to get by on 130k+ annually.

Oh yeah, oil heat costs around 600$ every 6 weeks, so that's another bill. 240 a month for groceries (60 a week). ...


We joke about that, but the tax code needs a serious wipe. Buying a home shouldn't be based on taking your mortgage interest and writing down your tax liability based on that.
 
2012-12-31 07:02:35 PM  

Civil_War2_Time: djkutch: Civil_War2_Time: rohar: scubamage: chuggernaught: scubamage

That's great. Except right now my fiance earns around 61000, I earn around 70000. Between mortgage (1450/mo), student loans (~800/mo), furnace payment (350), car loan (270), and monthly bills we had around 200$ extra a month. This change could quite honestly cost us our house. I'm fine with higher taxes, just give me some time to adjust instead of jacking our taxes up overnight.

So $130,000 per year salary wise (before taxes I assume), and $34,440 going out a year in the bills you listed with dollar amounts. How much are your other bills that you only have $200 left at the end of each month? You must be oozing money somewhere else. Figure fuel, groceries, clothes, utilities, etc. I just can't figure where you're losing the rest of your salaries. Either you're trolling and committed a cardinal troll sin by using actual numbers, or you are as bad as I am when it comes to finances.

She's a teacher so she instantly loses 7% of her salary to state pension funds, then another 5% to her 403b (it's a bargaining item for the union, so she has to do it, it's not something she can "decline". Her bi-weekly takehome is $1100. Mine is $1475.

That still leaves you almost $40k for hookers and blow. Not sure why you're complaining.

Probably because you NEED his money to survive.

[i.imgur.com image 553x768]

I liked LOTR, but that's just a bit too much.


Sorry. The good one is captioned "taxes equal government theft".
 
2012-12-31 07:03:22 PM  

Saturn5: As usual, the definition of "rich" is "people who make more money than *I* do."


Shut the fark up and learn, you ignorant sack of anti-american shiat.
 
2012-12-31 07:05:19 PM  

Infernalist: skullkrusher: KarmicDisaster: tax increase+spending cuts =  recession.

so simple yet soooooooooooooooo ignored

Yes, I was ignoring it out of sympathy and the same sort of politeness you give a retard who shiat himself while in a restaurant.

See, the premise that we're DOOMED to recession because of this is blissfully ignorant because it presumes that the new Congress isn't going to be tripping all over itself to pass tax cut bills to ease the pain on the majority of the population. And then there's the probability of new legislation that'll give the DoD authority to pick and choose which programs and aspects of its budget will be cut to satisfy the sequester's 12% requirement. Same thing with Medicare and its managers.

The only way this turns into a recession is if they turn off the lights in Congress and forget to go back to work after January 1st.


Keynes' entire point was essentially a national version of income smoothing.  Tax increases plus spending cuts was supposed to be done during boom times, and we didn't do that.  We instead kept spending and kept cutting and are now in a situation where, during times where GDP growth is pretty low and Keynes would say we should cut taxes and increase spending, we're finding it necessary to raise some taxes and cut some spending at an inopportune time and it will constrain growth at least a little.

In the short-term, things will certainly feel the effects of this.  To some degree, since the economy is largely based on expectations, and rich conservatives have expected taxes to go up anyway, we've already paid some of the penalty for this overdue action.
 
2012-12-31 07:06:33 PM  

scubamage: Monthly takehome: 5219
Bills (her car insurance, my car insurance, medication, cable (needed for telecommuting for work from home office), power, water, oil, dog food, trash, gas): $1854
Mortgage: $1450
Student loans: $757
Car loan: $270
Money to emergency fund: $80
Money towards wedding: $100
Allowance for spending: $280
Groceries: $240
Money left over: ~$190


OK, first of all, the 'allowance for spending' and the 'money to emergency fund' both count as money left over, it's just going to a different accout.

Second of all, you're general expenses are insane. Your combined insurance on the cars is what, $200? Cable & trash is less than $200 combined.

That leaves $1400 a month for medication, dog food, and utilities. I don't pay that much a *year*. Pretty tough to imagine that you spend even close to that.
 
2012-12-31 07:08:03 PM  
Well Republicans would rather taxes go up on the middle class than dare think of raising taxes on the wealthy. Because income inequality isn't really much of an issue in the world right now.
 
2012-12-31 07:08:29 PM  

Mighty Taternuts: skullkrusher: much more of a "shiatload" but as far as our tax system is concerned, exactly the same

So? You want Federal income taxes to be based on where you live or something?


Can't do that, it'd be a direct violation of the apportionment clause. The supreme court already went over this.

Strangely, SK seems to want to ignore the Constitution. This can't be good.
 
2012-12-31 07:08:37 PM  

had98c: Except right now my fiance earns around 61000, I earn around 7000


scubamage: Monthly takehome: 5219


I'm super confused. Your pre-tax income is (61000 + 70000) $131,000 yet your after-tax income is (5219*12) $62,628? How on earth is your tax rate 53%? The highest marginal tax rate isn't even that high!
 
2012-12-31 07:08:45 PM  

peterthx: vrax: Every single one of these GOP assholes should automatically be thrown out of office at midnight. There is no larger pile of shiat in US than the current GOP.

Except a collection of your posts in physical form.


Ah, the fools who stand up for the GOP. They are so precious.

i45.tinypic.com
 
2012-12-31 07:10:03 PM  

Infernalist: Bendal: "If they try to amend the bill, the Democrats will abandon it and leave it to the GOP to pass without their support to the Senate where it'll get dumped. They'll then open a new bill and try again. And each time they do, the GOP will get ANOTHER 'Breaking News!' report on the news sites about the GOP torpedoed another tax cutting bill by attaching riders giving cuts to the people who need them least of all.

Playing right into the President's hands. You have to understand: He got reelected on his premise of taxing the rich more. The majority of Americans support this concept and want to see it done. The GOP will be cutting their own throats in 2014 if they refuse to pass the Democrats' bill, and they know it."

Yes, but the Republicans do not believe Obama's re-election means they have to change their tactics, and this latest disaster shows they are still acting like it's "business as usual". We the people may want taxes raised on the rich, but the Republicans still have a majority in the House and enough in the Senate to control what gets passed, and I predict they won't let that happen.

Then they're dead in 2014 and we, as a nation, will survive until then. They'll squander time and money and effort and get nothing done and the GOP will be finished as a national party in 2 years. The Democrats get elected in huge numbers, the House goes blue, the Senate gets a super majority and then you'll see some amazing shiat go down from 2014 to 2016.

Long term thinking. They lack it.


I think part of all their voter suppression was, in fact, a nod to the long-term reality that they are headed for the ash heap of history and were trying to kick that can as far down the road as possible in the hopes something changes.  They lucked out and took over the states in a census year, so their holding the House  until 2020 is not outside the realm of possibility.  Just look at VA.  It went from 6 safe GOP districts to 8 after redistricting.  The closest Democrat in any of those 8 still lost by about 15 points.

But otherwise, I completely agree with you.
 
2012-12-31 07:10:43 PM  

Msol: had98c: Except right now my fiance earns around 61000, I earn around 7000

scubamage: Monthly takehome: 5219

I'm super confused. Your pre-tax income is (61000 + 70000) $131,000 yet your after-tax income is (5219*12) $62,628? How on earth is your tax rate 53%? The highest marginal tax rate isn't even that high!


Listen to him start talking about deductions and maxing out his 401K. That doesn't even account for it.

As a point, since you are experiencing a temporary emergency(heater), turn down the 401K until it's resolved.
 
2012-12-31 07:11:11 PM  

heap: so we're fixing the nation's finances, *and* offering services up to individual farkers as financial planners?

i just keep picturing the 'The Offices of Torg, Torg, and Torg - Accountants at Internet' sign.


Guaranteed to be audit-free...or your potato back!
 
2012-12-31 07:11:34 PM  
Is this becoming clear for everyone?? The Republicans want to:

CUT Social Security
CUT Medicare
CUT Unemployment benefits
CUT Food stamps

at the same time:

CUT taxes on billionaires
NOT CUT a dime out of military contract spending.

Is it crystal clear which side the Republicans are on?
 
2012-12-31 07:11:54 PM  
I wouldn't have a problem in a tax increase if I was at all confident that I would get X value (even if x X is not monetary but perhaps a quantifiable societal benefit) out of tax increase X. What we as civilians should be focused on is rooting out corruption, waste, and fraud that probably accounts for 120% of the deficit.
 
2012-12-31 07:13:00 PM  

Infernalist: Notabunny: Notabunny: Infernalist: Notabunny: Whatever. The "Fiscal Cliff" is old. Let's move on to the next unnecessary and fabricated drama. I hear Obama is going to negate Congress and use the 14th Amendment to pay our bills.

I'm okay with this.

It's better than having the Republicans hold our credit rating hostage again. Basically, Obama Clinton is saying there will be no repeat of the last Republican-created fiasco, and if they don't like it they can impeach him Obama.

FTFM. Sloppy reading.

Well, he still said it. He just had Clinton to pass the message along to them.


I wouldn't be surprised if you're right. It's a wonder the simultaneous Republican sphincter puckering didn't create a strong enough vacuum to suck the House chamber doors off their hinges.
 
2012-12-31 07:13:28 PM  

johnnyrocket: Is this becoming clear for everyone?? The Republicans want to:

CUT Social Security
CUT Medicare
CUT Unemployment benefits
CUT Food stamps

at the same time:

CUT taxes on billionaires
NOT CUT a dime out of military contract spending.

Is it crystal clear which side the Republicans are on?


Republican Jesus?
 
2012-12-31 07:15:05 PM  
Our government.

"LendingTree" is your bank account.
 
2012-12-31 07:17:53 PM  

skullkrusher: rohar: Relatively Obscure: scubamage: That's great. Except right now my fiance earns around 61000, I earn around 70000. Between mortgage (1450/mo), student loans (~800/mo), furnace payment (350), car loan (270), and monthly bills we had around 200$ extra a month. This change could quite honestly cost us our house. I'm fine with higher taxes, just give me some time to adjust instead of jacking our taxes up overnight.

You have $8,000/month in random "monthly bills" that you didn't list?

Coke, it's a helll of a drug.


I'm mostly shocked that he doesn't pay any taxes.


I thought about that, and wasn't sure if he was talking about before or after, but then I realized that either way the claim seemed outlandish.
 
2012-12-31 07:18:22 PM  

Msol: had98c: Except right now my fiance earns around 61000, I earn around 7000

scubamage: Monthly takehome: 5219

I'm super confused. Your pre-tax income is (61000 + 70000) $131,000 yet your after-tax income is (5219*12) $62,628? How on earth is your tax rate 53%? The highest marginal tax rate isn't even that high!


Because we've got a ton of taxes, plus there are some pre-tax items that come out of my take-home, same with my fiance's.
I lose 4.5% to my 401k. I also lose 191$ for my railpass as it's paid pre-tax.
Then I lose 3.4% to Philadelphia work privilege tax (used to be over 5% until I moved out of the city)
Then federal, state, municiple (1%) and county (1%) taxes.
Now, I *DO* have extra taken out of each paycheck to ensure I never owe in at the federal level. Ever.

She loses federal, state, municiple and county tax, an additional 7% for the state pension fund, and then an additional 5% for the 403b.

If you can find a problem with the math, please let me know. I'd love to tell the HR folks they're doing something wrong and get some extra cash at the end of the day, I really would.
 
2012-12-31 07:19:46 PM  

Civil_War2_Time: Our government.

"LendingTree" is your bank account.


Sadly, yes this is exactly where the government is going, and a whole host of people feel that uping the rates of a certain demographic from 36% to 39% is going to magically solve it. Here's a news flash: taxing those same people at 100% wouldn't solve it either.

You want a government exactly the way it is? Either you double your taxes, or you cut about 40% of government spending in the next 5 years. Your choice.
 
2012-12-31 07:19:55 PM  

ZzeusS: [sphotos-a.xx.fbcdn.net image 800x569]


Old troll is old. Glad you made it to the end of another year!
 
2012-12-31 07:21:51 PM  

scubamage: Msol: had98c: Except right now my fiance earns around 61000, I earn around 7000

scubamage: Monthly takehome: 5219

I'm super confused. Your pre-tax income is (61000 + 70000) $131,000 yet your after-tax income is (5219*12) $62,628? How on earth is your tax rate 53%? The highest marginal tax rate isn't even that high!

Because we've got a ton of taxes, plus there are some pre-tax items that come out of my take-home, same with my fiance's.
I lose 4.5% to my 401k. I also lose 191$ for my railpass as it's paid pre-tax.
Then I lose 3.4% to Philadelphia work privilege tax (used to be over 5% until I moved out of the city)
Then federal, state, municiple (1%) and county (1%) taxes.
Now, I *DO* have extra taken out of each paycheck to ensure I never owe in at the federal level. Ever.

She loses federal, state, municiple and county tax, an additional 7% for the state pension fund, and then an additional 5% for the 403b.

If you can find a problem with the math, please let me know. I'd love to tell the HR folks they're doing something wrong and get some extra cash at the end of the day, I really would.


We've already told you 4 times over. Alter your 401K, and the "extra" you have taken out. 53% in tax adjustments is insane, even if you are paying for the rail tax pre-tax.
 
2012-12-31 07:22:52 PM  
Congress could pass later legislation retroactively blocking the tax hikes and spending cuts.

I thought this was explicitly outlawed in the constitution.
 
2012-12-31 07:23:55 PM  

Marine1: StreetlightInTheGhetto: Marine1: Get some Marines from around the Commandant's barracks in DC. Put them at the chamber doors of the House of Representatives, armed. No one leaves until a bill is crafted and handed to the Senate and President's desk.

While that really sounds appealing, I'd rather not give any Obama Will Enact Martial Law Conspiracy Theorists figurative ammunition.  They literally have enough as it is.

If you operate on the premise of not giving those people ammunition, there's going to be a lot you won't accomplish.


Welcome to Dem M.O. Wouldn't want to upset the opposition.
 
2012-12-31 07:24:45 PM  

virusdynamo: Congress could pass later legislation retroactively blocking the tax hikes and spending cuts.

I thought this was explicitly outlawed in the constitution.


It is.
 
2012-12-31 07:25:17 PM  

jayphat: scubamage: Msol: had98c: Except right now my fiance earns around 61000, I earn around 7000

scubamage: Monthly takehome: 5219

I'm super confused. Your pre-tax income is (61000 + 70000) $131,000 yet your after-tax income is (5219*12) $62,628? How on earth is your tax rate 53%? The highest marginal tax rate isn't even that high!

Because we've got a ton of taxes, plus there are some pre-tax items that come out of my take-home, same with my fiance's.
I lose 4.5% to my 401k. I also lose 191$ for my railpass as it's paid pre-tax.
Then I lose 3.4% to Philadelphia work privilege tax (used to be over 5% until I moved out of the city)
Then federal, state, municiple (1%) and county (1%) taxes.
Now, I *DO* have extra taken out of each paycheck to ensure I never owe in at the federal level. Ever.

She loses federal, state, municiple and county tax, an additional 7% for the state pension fund, and then an additional 5% for the 403b.

If you can find a problem with the math, please let me know. I'd love to tell the HR folks they're doing something wrong and get some extra cash at the end of the day, I really would.

We've already told you 4 times over. Alter your 401K, and the "extra" you have taken out. 53% in tax adjustments is insane, even if you are paying for the rail tax pre-tax.


Sounds like I may need to talk to the HR folks then. Those are the numbers from my books, paystubs, and taxes. I know last year I came in at a 28% tax rate - but that was before a rather hefty raise. I'm unsure about my fiance.
 
2012-12-31 07:27:01 PM  

bartink: Marine1: Yeah. Have more people consuming services while simultaneously not contributing as much.

Brilliant.

This article summarizes my position pretty clearly.


Until there are actual monetary figures to back such logic up, it remains a horrible idea.

Make medical coverage more affordable (hell, if it means some gov't. subsidized healthcare, so be it), get older people working, and have them as a revenue stream. That eliminates one of the larger expenses seniors have in healthcare costs. That leaves more taxable income.
 
2012-12-31 07:27:18 PM  

Wangiss: The KKK are Democrats. This has always been the case. It doesn't matter, really. And I'm sure you know the real racist intent of Republican hearts because you majick that way, but the KKK are and always have been Democrats.


Pretty sure you mean were, dumbass.
I don't know what's stupider, the Republican concept of economics which seems to have been produced by a group of infants with downs syndrome and various mental disorders (sorry for the comparison infants, those with downs syndrome and those with mental disorders) or their retarded game of "The Southern Strategy never happened, let me stop to make a racist, sexist, bigoted comment, enact racist, sexist, and bigoted legislation and then remind you that our opponents are the real racists for quoting us and telling you to pay attention to the policies we pass."
 
2012-12-31 07:30:04 PM  

scubamage: Msol: had98c: Except right now my fiance earns around 61000, I earn around 7000

scubamage: Monthly takehome: 5219

I'm super confused. Your pre-tax income is (61000 + 70000) $131,000 yet your after-tax income is (5219*12) $62,628? How on earth is your tax rate 53%? The highest marginal tax rate isn't even that high!

Because we've got a ton of taxes, plus there are some pre-tax items that come out of my take-home, same with my fiance's.
I lose 4.5% to my 401k. I also lose 191$ for my railpass as it's paid pre-tax.
Then I lose 3.4% to Philadelphia work privilege tax (used to be over 5% until I moved out of the city)
Then federal, state, municiple (1%) and county (1%) taxes.
Now, I *DO* have extra taken out of each paycheck to ensure I never owe in at the federal level. Ever.

She loses federal, state, municiple and county tax, an additional 7% for the state pension fund, and then an additional 5% for the 403b.

If you can find a problem with the math, please let me know. I'd love to tell the HR folks they're doing something wrong and get some extra cash at the end of the day, I really would.


It sounds to me like your MAGI is lower than $120K. Are you taking this?

http://www.irs.gov/publications/p970/ch04.html#en_US_2011_publink1000 1 78272
 
2012-12-31 07:30:16 PM  

Wangiss: What someone was doing was conflating the Democratic Party of the 1860s with the Republican Party of today.


Which is a pretty good comparison.
 
2012-12-31 07:31:12 PM  
Sir,

Please squeeze these balls as tightly as possible.

Thank you, Mr. President, Sir.

*bow*

*)
 
2012-12-31 07:31:20 PM  

Bendal: Infernalist: Hermione_Granger: All that means is that the spineless bastard probably gave the Republicans everything they asked for.

He makes me sick and his inability to stick to his guns pisses me off. Of all the Charlie Browns, he is the Charlie Browniest and Boehner is Lucy with the farking football.

Are we actually looking at the same reality?

Here's what's happening: The cliff is going to happen. Taxes go up to Clinton Era rates before the Bush Tax Cuts happened. Spending goes back to 2008 levels. A 12% cut to Defense spending, a 12% cut to Discretionary spending.

The first day of the new Congress, House Democrats will put forth a bill cutting taxes on everyone making under 250k a year, and dare the GOP to block it or vote it down. It'll quickly get passed, both sides will lay claim to the credit and we'll move on.

There aren't enough House Democrats to pass anything without help from the Republicans. Rest assured if there's any attempt to cut taxes on only those making less than $250k, the House Republicans will make damn sure those cuts affect everyone. It will pass the House and then the Senate Democrats are in trouble; do they go along with the House bill and approve it, or try and cut it back down to only the $250k limit (and watch the Senate Republicans filibuster the crap out of their effort)? Either way they'll get the blame and the Republicans will take the praise.


You make a good case for filibuster reform. Thanks!
 
2012-12-31 07:34:59 PM  

Indubitably: Sir,

Please squeeze these balls as tightly as possible.

Thank you, Mr. President, Sir.

*bow*

*)


P.S. And while the above sounds untoward, that is not what I mean, exactly, rather I mean squeeze the intransigents' balls as tightly as you can, for either they feel the squeeze  now,or we emasculate them later. And nobody wants to watch  that,right? Thank you, Sir.
 
2012-12-31 07:35:08 PM  

scubamage: There you go. My finances. I have nothing to hide.


Ok why not.

245 here. Basically you, 20 years from now.

3k house payment, titer up ancillary expenses associated with that.
2 kids in college. Financial aid? No, you're paying full freight. 50k a year there. And all of those wonderful education credits are completely phased out.
Most of your other deductions are phased out or down to the minimum allowed.
Another 50k in federal income taxes.
Another 12k in FICA and Medicare.
4 car payments.
Car insurance for 2 college age boys isn't cheap. Neither is life insurance for 50+ Mom & Dad.

Weddings are coming next (at least they aren't girls).

So is retirement.

It's a good living and I'm grateful for it, but you're not getting rich at this level.
 
2012-12-31 07:36:28 PM  

skullkrusher: KarmicDisaster: tax increase+spending cuts =  recession.

so simple yet soooooooooooooooo ignored


YAY, austerity! Austerity during a recession always works!
 
2012-12-31 07:41:25 PM  

MayoSlather: Well Republicans would rather taxes go up on the middle class than dare think of raising taxes on the wealthy. Because income inequality isn't really much of an issue in the world right now ever.


It's a lieberal myth.
 
2012-12-31 07:42:46 PM  

scubamage: She loses federal, state, municiple and county tax, an additional 7% for the state pension fund, and then an additional 5% for the 403b.


she isn't losing the money that goes into the 403b and state pension fund.
 
2012-12-31 07:43:07 PM  
imgc.allpostersimages.com

"I do benefits for all religions. I'd hate to blow the hereafter on a technicality."
 
2012-12-31 07:45:08 PM  

johnnyrocket: Is this becoming clear for everyone?? The Republicans want to:

CUT Social Security
CUT Medicare
CUT Unemployment benefits
CUT Food stamps

at the same time:

CUT taxes on billionaires
NOT CUT a dime out of military contract spending.

Is it crystal clear which side the Republicans are on?


Yup, that about sums it up.
 
2012-12-31 07:46:49 PM  

Wangiss: Well, my father worked in a coal mine in Wattis, Utah after Jimmy Carter's Excellent Adventure, so he tried hard to build a better life for me. He only worked 40 hours, though, so I guess he's kind of an entitled prick.


You mean that 40 hour work week mandated by the government?  The one that comes with disability benefits in the event that your father had been injured on the job?  And OSHA regulations that worked to keep him from getting injured in the first place?
 
2012-12-31 07:46:59 PM  

www.sitcomsonline.com

RIP, Cliff

 
2012-12-31 07:48:55 PM  

cchris_39: scubamage: There you go. My finances. I have nothing to hide.

Ok why not.

245 here. Basically you, 20 years from now.

3k house payment, titer up ancillary expenses associated with that.
2 kids in college. Financial aid? No, you're paying full freight. 50k a year there. And all of those wonderful education credits are completely phased out.
Most of your other deductions are phased out or down to the minimum allowed.
Another 50k in federal income taxes.
Another 12k in FICA and Medicare.
4 car payments.
Car insurance for 2 college age boys isn't cheap. Neither is life insurance for 50+ Mom & Dad.

Weddings are coming next (at least they aren't girls).

So is retirement.

It's a good living and I'm grateful for it, but you're not getting rich at this level.


being able to send 2 kids to an expensive college without having them graduate with debt, 4 cars, and living in a 500,000 house is really rich.
 
2012-12-31 07:50:05 PM  

Wangiss: Orange-Pippin: Wangiss: Cheesus: Wangiss: Orange-Pippin: Wangiss: Orange-Pippin: lenfromak: sonnyboy11: Please do not set it at $400k and up. Stay at $250k. Thx

Yeah, penalize even moderately successful people like me.

Taxes is not a penalty. It's part of living in a civilized non-pit of horse poo. We (about 90% of America) have supported your tax breaks with, cuts to social programs, education, infrastructure (not to mention corporate welfare) for years. It's time to pay your due. Sorry, but as much as you guys think your supporting us, we are tired of supporting you.

...by taking less and less of your money.

For the record, paying taxes is not "taking" anything. As an American I pay up and now it's your turn. Sorry.

That's true. Exacting taxes by threat of incarceration is taking, though. If I sent a couple guys to your house with guns to cart you off to live in a concrete box because you didn't give me money, I'd be a bad guy... unless everybody else says they want your money, too, in which case I'm a very, very good guy. Should a government be established so that no man need fear another? "Hello no! Moar government!!!"

So you want to be part of this nation but you don't want to contribute to it? And you are crying that criminals "shouldn't be be threatened" (with prison) if they violate the law? How does that make a lick of sense?

It would make sense if you were actually reacting to what I've written instead of a hyperbolic caricaturization you imagined.



Your the one who mentioned "threats", "concrete boxes" and criminal activites --such as not paying your taxes--not me. Now own what you said.
 
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