Do you have adblock enabled?
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Forbes)   A third wave blitz of tax tsunami will wash over Americans with a cavalcade of unintended consequences and badly mixed metaphors   (forbes.com ) divider line
    More: Fail, unintended consequences, Americans, mixed metaphors, tsunamis  
•       •       •

13180 clicks; posted to Main » on 02 Jan 2013 at 6:01 PM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



186 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2013-01-02 02:38:15 PM  
If we don't grab this bull by the horns, the shiat is going to hit the fan.
 
2013-01-02 02:47:10 PM  
Sounds like we're up shiat Creek without a leg to stand on.
 
2013-01-02 02:52:46 PM  
If we hit that bullseye, the rest of the dominoes will fall like a house of cards
 
2013-01-02 02:53:06 PM  
Let us take the bull by the tail and look the matter squarely in the face.


/not mine
 
2013-01-02 03:19:08 PM  

MrBallou: If we hit that bullseye, the rest of the dominoes will fall like a house of cards


Checkmate
 
2013-01-02 03:26:17 PM  

GAT_00: MrBallou: If we hit that bullseye, the rest of the dominoes will fall like a house of cards

Checkmate


I was beginning to think I'd wasted that one. I can always count on you, Gat.
 
2013-01-02 03:31:56 PM  

MrBallou: If we hit that bullseye, the rest of the dominoes will fall like a house of cards


Came for this.
 
2013-01-02 03:32:37 PM  

GAT_00: MrBallou: If we hit that bullseye, the rest of the dominoes will fall like a house of cards

Checkmate


ungh.
 
2013-01-02 04:13:19 PM  
FTFA: A new Medicare Tax adds to ObamaCare's pain. These same high-earners must pay an additional .9% Medicare payroll tax on wages above $200,000 for individuals and $250,000 for couples. This means the current 2.9% Medicare payroll tax will be increased to a total of 3.8% - a big hit especially for the self-employed.

Funny... IIRC, the Medicare payroll tax was about 3.8% when I was younger. Are these people SURE this "tax hike" has nothing to do with certain payroll tax cuts expiring? And little if nothing at all to do with Obamacare?
 
2013-01-02 04:21:25 PM  

xanadian: FTFA: A new Medicare Tax adds to ObamaCare's pain. These same high-earners must pay an additional .9% Medicare payroll tax on wages above $200,000 for individuals and $250,000 for couples. This means the current 2.9% Medicare payroll tax will be increased to a total of 3.8% - a big hit especially for the self-employed.

Funny... IIRC, the Medicare payroll tax was about 3.8% when I was younger. Are these people SURE this "tax hike" has nothing to do with certain payroll tax cuts expiring? And little if nothing at all to do with Obamacare?


No, it's a legit tax that is part of ACA. I don't know how the poor things are supposed to create jobs with an addition soul crushing tax of .9%
 
2013-01-02 04:25:05 PM  
OH NOES
 
2013-01-02 04:47:22 PM  
Looks like i picked the wrong week to stop sniffing glue
 
2013-01-02 04:53:11 PM  
Looks like they just kicked the can down the road into the perfect storm of black swans.

/seriously, though, we're farked
 
2013-01-02 04:56:41 PM  

Hydra: /seriously, though, we're farked


And THIS time, we surely are. Unlike all those other times you and other deficit hawks have said we're farked, this time we really are!
 
2013-01-02 05:02:43 PM  
Well, good thing they kept the multi-million dollar estate tax exemption.
 
2013-01-02 05:05:11 PM  

Hydra: /seriously, though, we're farked


Uh huh.  And who did you vote into the House in 2010?
 
2013-01-02 06:05:04 PM  
Don't count all your eggs before you get two birds in the bush.
 
2013-01-02 06:06:01 PM  
img89.imageshack.us

I was surprised I didn't need to use this during the last election cycle. Wasn't that bad. Not like the days of being in tanks or thrown under buses.
 
2013-01-02 06:06:01 PM  

DamnYankees: Hydra: /seriously, though, we're farked

And THIS time, we surely are. Unlike all those other times you and other deficit hawks have said we're farked, this time we really are!


Yeah, looks like the shoe's on the other hand now!
 
2013-01-02 06:07:01 PM  
You Americans call it a fiscal cliff, I call it a fiscal bukkake

/mostly because it's fun watching fox and CNN lackeys go apeshiat over it
//way I read and understood it, it's no big deal, get over it and part your debts America
 
2013-01-02 06:08:38 PM  
What is the GOP? Suffering, you might say. Oppression. Deceit. But could not all these things be said of your Pogressives? You hunt down the talented and the strong-willed. You break them or sacrifice them. You lie to your citizens and wage war on those who dare speak out. The inquisitors you call masters assume guilt and execute millions on a whim. And why? Why do you do this? Because you know the GOP is there but you do not know how to fight it, so you crush your own citizens for fear that they might aid the Enemy. America suffers because of the GOP. No matter how hard you fight, that will never change. The GOP exists in a state of permanent victory over you - you dance to our tune, mortal one, you butcher and torture and repress one another because the job creators require you to. America is founded on the GOP. My lord Koch won your war a long, long time ago.
 
2013-01-02 06:09:17 PM  
Is there some way we can focus a mind-beam on pundits and erase the part of their brain that makes metaphors? Sort of a metaphor lobotomy?
 
2013-01-02 06:10:09 PM  
FTFA: Those who find the accounts (Flexible spending accounts) most valuable are those with the greatest health needs - parents of special needs children, people who have had organ transplants and who must take maintenance drugs, and others facing major medical expenses.

I'm having trouble believing this part. The people most likely to blow through their FSA find the FSA most valuable? Or is this just because an FSA is cheaper than insurance for an organ transplant or a special needs child?
 
2013-01-02 06:10:38 PM  

Hydra: Looks like they just kicked the can down the road into the perfect storm of black swans.

/seriously, though, we're farked


We are getting the ass farking we asked for in the voting booth and may we be ever so grateful for it.

Next time you "independents" start thinking about voting strictly on basis of your liberal social issues, remember this day and smack yourself. There's bigger issues to worry about than whether or not your cousin's friend who has a brother who thinks he might have found the right guy to settle down with can get married. I think they should be able to, but I also think that serious budget deficits matter more, and Barry isn't the guy to fix them.
 
2013-01-02 06:12:25 PM  
A tax code so simple, a 10 year old child can understand it. Fetch me a 10 year old child!
 
2013-01-02 06:12:28 PM  
So I should just quit my job now so as to avoid paying all this extra money to Obama?
 
2013-01-02 06:13:58 PM  

Pointy Tail of Satan: A tax code so simple, a 10 year old child can understand it. Fetch me a 10 year old child!


Grover Norquist already has that method patented and copyrighted.
 
2013-01-02 06:14:21 PM  
I'd like to see her sources. There's been a cap on my HSA for the past 2 years that I've had it. I'm gonna guess the rest of the article is also full of crap.
 
2013-01-02 06:15:24 PM  
Lie still, little bottle, and shake my shaky hand
Black coffee's not enough for me, I need a better friend
One pill at the bottom is singing my favorite song
I know I must investigate; I hope that I can sing along

"Well there's no time for metaphor," cried the little pill to me
He said, "Life is a placebo, masquerading as a simile."
Well I knew that pill was lying; too gregarious, too nice
And as he walked I had to sing this twice:

Lie still, little bottle; don't twist, it ain't twistin' time
With every move you make you just disintegrate my ever-troubled mind
 
2013-01-02 06:17:29 PM  
And in the chaos that follows millions will scurrying about like chickens with their legs cut off, while others will be as disoriented as a drunken clown in a cement mixer.
 
2013-01-02 06:17:37 PM  
None of these "tiny" medical device companies even sell devices anymore, as soon as they develop and prove out something worthwhile, they get bought out. When it takes $100M to get a device to market, "tiny" companies aren't going solo for long.
 
2013-01-02 06:17:44 PM  

hdhale: Hydra: Looks like they just kicked the can down the road into the perfect storm of black swans.

/seriously, though, we're farked

We are getting the ass farking we asked for in the voting booth and may we be ever so grateful for it.

Next time you "independents" start thinking about voting strictly on basis of your liberal social issues, remember this day and smack yourself. There's bigger issues to worry about than whether or not your cousin's friend who has a brother who thinks he might have found the right guy to settle down with can get married. I think they should be able to, but I also think that serious budget deficits matter more, and Barry isn't the guy to fix them.


Yeah sorry about that, but if Barry is not the guy to fix them then who? I'm really going to have to go with the Democrats being the party of fiscal responsibility, because ever since Reagan they are the only party that has ever come close to balancing the budget.

The borrow and spent Republicans are so bad at being fiscally responsible the last guy we elected for that party added what 4 trillion to the debt and created the Great Recession.

The sad fact of life is we need a top marginal rate of 60% and a a bottom rate of 20% of income if we are ever going to come close to balancing the budget. Let alone paying off the debt.
 
2013-01-02 06:18:13 PM  

Pointy Tail of Satan: A tax code so simple, a 10 year old child can understand it. Fetch me a 10 year old child!


imageshack.us
 
2013-01-02 06:20:43 PM  
3 minutes to read over the bill? Why even have a Senate?
 
2013-01-02 06:21:53 PM  

Sergeant Grumbles: I'm having trouble believing this part. The people most likely to blow through their FSA find the FSA most valuable? Or is this just because an FSA is cheaper than insurance for an organ transplant or a special needs child?


The point of an FSA is to blow through it since there is a limit to how long money can sit in there.
 
2013-01-02 06:23:10 PM  
Obamacare: You can't polish a turd.
 
2013-01-02 06:24:18 PM  
I especially love how Americans have to pay US income tax even if living in another country, and getting paid by a non-US employer.
 
2013-01-02 06:24:48 PM  
The GOP is more frustrated than a three legged cat trying to bury a turd on a frozen pond.
 
2013-01-02 06:24:57 PM  

Igor Jakovsky: Obamacare: You can't polish a turd.


You can if you freeze it first.
 
2013-01-02 06:25:54 PM  
They will watch movies whenever they feel like it, no need for invitations or an "evening of remembrance" lol!
 
2013-01-02 06:26:21 PM  
The author's bio at that page:

Grace-Marie Turner
Contributor
I'm president of the Galen Institute, a non-profit research organization that focuses on market-driven health policy, and a co-author of Why ObamaCare Is Wrong for America.

LOL.
 
2013-01-02 06:27:34 PM  

hdhale: I think they should be able to, but I also think that serious budget deficits matter more, and Barry isn't the guy to fix them


Damn right! The guy that wanted to build more warships and that was itching to go to war with Iran was most definitely the guy that would have balanced the budget! Just like how the last Republican brought down the deficit by granting a huge tax cut AND had two wars. Nothing like blowing up crap in the desert to make the long term numbers look good!
 
2013-01-02 06:27:44 PM  

Sticky Hands: Igor Jakovsky: Obamacare: You can't polish a turd.

You can if you freeze it first.


Actually Mythbusters showed if you bake it first you can also polish it.
 
2013-01-02 06:27:59 PM  

Sticky Hands: Igor Jakovsky: Obamacare: You can't polish a turd.

You can if you freeze it first.


No, because the polishing will cause friction. I'm thinking you mean you can paint a turd, to a high gloss.
 
2013-01-02 06:29:08 PM  

Insatiable Jesus: The author's bio at that page:

Grace-Marie Turner
Contributor
I'm president of the Galen Institute, a non-profit research organization that focuses on market-driven health policy, and a co-author of Why ObamaCare Is Wrong for America.

LOL.


Wow. I knew Forbes skewed far-right, but that's just ridiculous.
 
2013-01-02 06:29:34 PM  

Igor Jakovsky: Obamacare: You can't polish a turd.


Myth Busted^

/yeah, I've been holding that one for a while now
 
2013-01-02 06:29:36 PM  

Summer Glau's Love Slave: And in the chaos that follows millions will scurrying about like chickens with their legs cut off, while others will be as disoriented as a drunken clown in a cement mixer I will take over the world!.


/still feeling effects of the Pinky and the Brain thread
 
2013-01-02 06:34:25 PM  
BUSHES FAULT
 
2013-01-02 06:36:07 PM  

FTA:

The most controversial of the latest ObamaCare taxes is the Medical Device Tax that hits entrepreneurial firms making equipment such as heart valves and hip replacement parts. They face a 2.3% profit on gross sales - a tax they must pay even if they have no profit at all. Many firms say this tax - slated to collect $29 billion over 10 years - will soak up virtually all of their research budgets.


This tax is stupid, regardless of how real the claim of destroyed research budgets is. The best part about America's medical industry has always been the innovation. For decades the best answer to "why is medical care in America so expensive?" was "because they're fixing my cancer with tiny robots" (yes I'm exagerrating, but you get the point).

Why tax the innovative parts of your industry to "improve" the industry? It just makes no sense.

One of the biggest complaints about the medical device industry is stagnant prices on devices that are long since past their period of innovation. Why aren't medical crutches imported from China for $.20 per pair? Why are wheelchairs $3000 a piece for something that's essentially a baby-stroller for adults? Hearing aids cost 3-5 thousand dollars a pair for technology that you can find on the shelves of the bargain portable stereo bin at Walmart. The only difference is the packaging. Micro audio amplifiers are very old, yet the companies selling them charge absurd amounts. I haven't researched exactly why all this is, but I suspect the reason is because of medicare coverage. They charge this because people will pay it, and people will pay it because they don't pay it, the government does. "Not my money, why do I care?"

Well, it turns out it's your grandkids money and they get stuck with the interest payments too, thanks grandpa.

/The USA will be Greece in 10 years. The boomers control of federal spending is so absurdly strong that social services for the aging/sick are only increasing, not decreasing when we need to be cutting spending.
 
2013-01-02 06:36:16 PM  

Pointy Tail of Satan: I especially love how Americans have to pay US income tax even if living in another country, and getting paid by a non-US employer.


I have a US friend here in Canada he doesn't pay taxes to the US but he has to fill the form though (after I told him to because he didn't check that). Failure to comply can cause problems entering the US and fines so you should check on that if you have family still down there.
 
2013-01-02 06:36:31 PM  
holy shiat is Forbes owned by News Corp or something? Can we have an UNBIASED view on this please Forbes.
 
2013-01-02 06:37:18 PM  

Insatiable Jesus: The author's bio at that page:

Grace-Marie Turner
Contributor
I'm president of the Galen Institute, a non-profit research organization that focuses on market-driven health policy, and a co-author of Why ObamaCare Is Wrong for America.

LOL.


I know, right? After reading that little tidbit, I was SURE the article would be "fair and balanced."
 
2013-01-02 06:38:11 PM  

hdhale: Next time you "independents" start thinking about voting strictly on basis of your liberal social issues, remember this day and smack yourself. There's bigger issues to worry about than whether or not your cousin's friend who has a brother who thinks he might have found the right guy to settle down with can get married. I think they should be able to, but I also think that serious budget deficits matter more, and Barry isn't the guy to fix them.


And Mitt Romney who wanted to add 2 trillion to the military which they didn't ask for and give more tax cuts to the rich was the guy to fix the budget deficit? Never mind the Republicans terrible track record on budget deficits anyway, Bush doubled our debt, Reagan tripled it, while Clinton temporarily balanced our deficit.

Sure, Republicans talk a big game about cutting spending, but when it comes down to specifics it is always programs they don't like which cost nearly nothing like PBS or Planned Parenthood, while whatever little in short term savings they produce are immediately wasted on more tax cuts for the wealthy and more money for military contractors.

"Barry" has done a better job keeping our country running despite Republican attempts to run us aground. As for our deficit, it is a problem, but put in perspective there are some 10-12 countries with a higher debt to gdp ratio than the US, we have some leeway not to throw temper tantrums and create a make believe crisis. Cutting spending can lower our deficit, but so can raising tax, so can lowering unemployment and growing our economy. The failure of Republicans is that they only looked at the first one in the most abstract way while refusing to budge on the second issue or consider the third.
 
2013-01-02 06:38:44 PM  

Big Man On Campus: The most controversial of the latest ObamaCare taxes is the Medical Device Tax that hits entrepreneurial firms making equipment such as heart valves and hip replacement parts. They face a 2.3% profit on gross sales - a tax they must pay even if they have no profit at all. Many firms say this tax - slated to collect $29 billion over 10 years - will soak up virtually all of their research budgets.


If the entire profit margin of the average medical device company is represented by 2.3% of gross sales of specific items, I'll eat a shoe.
 
2013-01-02 06:39:00 PM  

Pointy Tail of Satan: I especially love how Americans have to pay US income tax even if living in another country, and getting paid by a non-US employer.


That is horrible... having to pay taxes for useless crap that they have in the US that you don't have in a foreign country. Like an Embassy or State Department that will work to make sure your rights are protected as an expatriate. Or that useless foreign service that keeps domestic people posted on threats around the world. A person abroad definitely has no use of the vast military that only protects and provides a stabilizing force only in the domestic borders of the US. Or how last year everyone was able to ignore the first $95,100 of their domestic income they earned.

Yeah, it is terrible that a US citizen living abroad has to pay taxes, if they earn enough, on such a wide range of useless services they will never need.
 
2013-01-02 06:39:50 PM  
Wait a minute, health care gets an overhaul AND none of the tax increases effect me or my special needs child? That sounds awesome to me, what's everyone biatching about?
 
2013-01-02 06:41:30 PM  

DamnYankees: Big Man On Campus: The most controversial of the latest ObamaCare taxes is the Medical Device Tax that hits entrepreneurial firms making equipment such as heart valves and hip replacement parts. They face a 2.3% profit on gross sales - a tax they must pay even if they have no profit at all. Many firms say this tax - slated to collect $29 billion over 10 years - will soak up virtually all of their research budgets.

If the entire profit margin of the average medical device company is represented by 2.3% of gross sales of specific items, I'll eat a shoe.


Why tax companies that are trying to innovate and as-yet make no profit? That's like taxing all NASA employees just because.
 
2013-01-02 06:42:48 PM  

Igor Jakovsky: Obamacare: You can't polish a turd.


If Mythbusters can do it then... nevemind Congress can't do anything
 
2013-01-02 06:43:13 PM  
img.photobucket.com

/i tried to warn you, i tried to warn you
 
2013-01-02 06:43:59 PM  

Big Man On Campus: Why tax companies that are trying to innovate and as-yet make no profit? That's like taxing all NASA employees just because.


Well, it's not a tax on innovation. It's a tax on sales of medical devices. For example, selling plastic gloves to hospitals. This is just a sales tax on that. Categorizing it as a tax on innovation is just as silly as saying the income tax is a tax on innovators. These are both simply general taxes on certain types of transactions; they don't target innovation.
 
2013-01-02 06:46:00 PM  

wingnut396: hdhale: I think they should be able to, but I also think that serious budget deficits matter more, and Barry isn't the guy to fix them

Damn right! The guy that wanted to build more warships and that was itching to go to war with Iran was most definitely the guy that would have balanced the budget! Just like how the last Republican brought down the deficit by granting a huge tax cut AND had two wars. Nothing like blowing up crap in the desert to make the long term numbers look good!



...And so, clearly, the only way to fix what that stupid, evil last Republican did is to continue the huge tax cuts for 5 years, and spend at least as much, if not more. Nothing like giving away free lunches to keep the Proles happy. Ignorance is Strength. Yay: the 5-Minute Hate is coming up. Everybody come laugh at the vid that shows those stupid Eurasian refugees getting blown up (that's my favorite vid of the Eastasians).

/ And to hell with that stupid evil GW Bush-Goldstein-Haliburton
// *spits*
 
2013-01-02 06:46:08 PM  
Wow, that writer is not shy about being a shill for the business sector. It's like reading Ben Bernanke's diary.
 
2013-01-02 06:47:21 PM  

Igor Jakovsky: Obamacare: You can't polish a turd.


Mythbusters proved you can.
 
2013-01-02 06:48:01 PM  

sammyk: xanadian: FTFA: A new Medicare Tax adds to ObamaCare's pain. These same high-earners must pay an additional .9% Medicare payroll tax on wages above $200,000 for individuals and $250,000 for couples. This means the current 2.9% Medicare payroll tax will be increased to a total of 3.8% - a big hit especially for the self-employed.

Funny... IIRC, the Medicare payroll tax was about 3.8% when I was younger. Are these people SURE this "tax hike" has nothing to do with certain payroll tax cuts expiring? And little if nothing at all to do with Obamacare?

No, it's a legit tax that is part of ACA. I don't know how the poor things are supposed to create jobs with an addition soul crushing tax of .9%


"Everybody should be willing to pay a little bit more," that's the continual mantra of the tax raisers. Then when you add up all the little bits they want, it suddenly becomes a ginormous shiatload. That $6 a day of Starbucks coffee sounds like a little bit, yet at the end of the year you're out a couple of grand.
 
2013-01-02 06:48:21 PM  

DamnYankees: Big Man On Campus: Why tax companies that are trying to innovate and as-yet make no profit? That's like taxing all NASA employees just because.

Well, it's not a tax on innovation. It's a tax on sales of medical devices. For example, selling plastic gloves to hospitals. This is just a sales tax on that. Categorizing it as a tax on innovation is just as silly as saying the income tax is a tax on innovators. These are both simply general taxes on certain types of transactions; they don't target innovation.


You use profit to do research. Research creates innovation. Without research, there will be little to no innovation.

/extrapolated, but the point remains
 
2013-01-02 06:48:36 PM  

Big Man On Campus: This tax is stupid, regardless of how real the claim of destroyed research budgets is. The best part about America's medical industry has always been the innovation. For decades the best answer to "why is medical care in America so expensive?" was "because they're fixing my cancer with tiny robots" (yes I'm exagerrating, but you get the point).

Why tax the innovative parts of your industry to "improve" the industry? It just makes no sense.


Because most of the improvements are actually done at universities, on government grants?

Which need money to run? Sorry, private industry, what with their short-term focus these days, SUCK for funding research. Because you don't know going *in* to the research if it's going to pan out or not. If we did, we'd call it engineering, not research.
 
2013-01-02 06:49:29 PM  

DamnYankees: Big Man On Campus: Why tax companies that are trying to innovate and as-yet make no profit? That's like taxing all NASA employees just because.

Well, it's not a tax on innovation. It's a tax on sales of medical devices. For example, selling plastic gloves to hospitals. This is just a sales tax on that. Categorizing it as a tax on innovation is just as silly as saying the income tax is a tax on innovators. These are both simply general taxes on certain types of transactions; they don't target innovation.


It is a tax on innovation if I don't yet have a profitable line of medical devices because doctors have not yet discovered just how wonderful my device is. That's what that is saying, it's saying that any medical device company, regardless of whether or not their sales have them running in the black, must pay this tax on gross income. That hurts innovation because in order for small-money medical device innovators to get onto the market, they have to get their stuff out there. This tax only increases how much they have to run into the red before a device turns a profit. That can only hurt innovation.
 
2013-01-02 06:49:55 PM  

Big Man On Campus: /The USA will be Greece in 10 years. The boomers control of federal spending is so absurdly strong that social services for the aging/sick are only increasing, not decreasing when we need to be cutting spending.


So tired of this talking point.  Greece is fark'd up royally on so many levels that it isn't even funny.  But the primary reason this will never be the case is that we control our own currency.  And other countries are a vested interest in our survival - no one cares about greece.
 
2013-01-02 06:51:48 PM  

ReverendJynxed: Igor Jakovsky: Obamacare: You can't polish a turd.

Mythbusters proved you can.


A turd that looks good on the surface is certainly an apt metaphor for Obamacare.
 
2013-01-02 06:52:33 PM  

Deep Contact: 3 minutes to read over the bill? Why even have a Senate?


"Yup, it's a bill."
 
2013-01-02 06:52:39 PM  
Well how else are going to pay to unionize the death panels?
 
2013-01-02 06:53:09 PM  

grinding_journalist: You use profit to do research. Research creates innovation. Without research, there will be little to no innovation.


People use income to buy food. Food provides energy. Energy helps innovate. Without energy, there will be little to no innovation. Are you also against the income tax on this basis, since we are taxing innovators?
 
2013-01-02 06:54:10 PM  

Big Man On Campus: It is a tax on innovation if I don't yet have a profitable line of medical devices because doctors have not yet discovered just how wonderful my device is.


It's only a tax on sales. If they haven't discovered your device, they aren't buying it, and there's no tax.

Big Man On Campus: This tax only increases how much they have to run into the red before a device turns a profit. That can only hurt innovation.


How is this different than any other tax?
 
2013-01-02 06:54:53 PM  

Gwyrddu: hdhale:

Sure, Republicans talk a big game about cutting spending, but when it comes down to specifics it is always programs they don't like which cost nearly nothing like PBS or Planned Parenthood, while whatever little in short term savings they produce are immediately wasted on more tax cuts for the wealthy and more money for military contractors.


(Unsubstantiated assertion) That's because Republican business owners are the principal recipients of the Military-Industrial Complex budget.
 
2013-01-02 06:55:38 PM  

Pants full of macaroni!!: [img.photobucket.com image 600x387]

/i tried to warn you, i tried to warn you


i291.photobucket.com

You think your world is safe? It is an illusion. A comforting lie told to protect you.
 
2013-01-02 06:56:06 PM  

Pointy Tail of Satan: I especially love how Americans have to pay US income tax even if living in another country, and getting paid by a non-US employer.


Then they can renounce their citizenship. If they want the privileges, benefits, and protection of the USA, then they need to help pay for it.
 
2013-01-02 06:57:15 PM  
"How is this different than any other tax?"

It's different because my company only gets taxed on profit, not gross sales revenue.
 
2013-01-02 06:59:36 PM  

Wangiss: "How is this different than any other tax?"

It's different because my company only gets taxed on profit, not gross sales revenue.


This is an excise tax, true. It's not a tax on profits. But excise taxes are very common. So why the freakout on this?
 
2013-01-02 07:00:42 PM  

AgentGerbil: holy shiat is Forbes owned by News Corp or something? Can we have an UNBIASED view on this please Forbes.


You will be receiving an unbiased view when next you look at your pay stub.
 
2013-01-02 07:02:01 PM  

DamnYankees: Big Man On Campus: It is a tax on innovation if I don't yet have a profitable line of medical devices because doctors have not yet discovered just how wonderful my device is.

It's only a tax on sales. If they haven't discovered your device, they aren't buying it, and there's no tax.

Big Man On Campus: This tax only increases how much they have to run into the red before a device turns a profit. That can only hurt innovation.

How is this different than any other tax?


Also, this strawman just doesn't exist. It takes $100M to get a medical device to market, 2.3% sales tax would require sales of over $4B before the sales tax is the reason you can't create a new device.
 
2013-01-02 07:02:06 PM  
OMG! A tax of 2.3% of the GROSS SALES of certain medical devices!?! That's like a.. a.. a.. SALES TAX!

And everyone knows that any government that institutes a SALES TAX on GROSS SALES without accounting for profit/loss will doom all businesses in its jurisdiction. A sales tax has never worked in the past, is not now working in the present, and never will work in the future, anywhere in the world! Obama has doomed all medical device manufacturers in America. DOOOOOMED I SAY!

/or not.
 
2013-01-02 07:03:40 PM  
The typical markup on a medical device is 60%-100%.
 
2013-01-02 07:03:44 PM  
It's no use beating this dead horse, because Obama is back in the saddle now!
 
2013-01-02 07:04:17 PM  

Raoul Eaton: It's no use beating this dead horse, because Obama is back in the saddle now!


that's a horse of a different color.
 
2013-01-02 07:04:18 PM  
Are you being racist or are you just happy to see me?
 
2013-01-02 07:04:31 PM  
silly people. you need to start thinking more 'corporately'. You have to pay taxes on the money THEY CAN FIND. Set up a single member LLC, file form 8832, and choose to be a seperate entity. Pay yourself a reasonable payroll, taxes on that payroll, and hide your cash. All corporations are are welfare dynasties with nice clothes. Speaking of welfare, if you pick a number low enough, you can get food stamps, too!!! Subsidize your life, citizen. Corporations are sexy.
 
2013-01-02 07:08:03 PM  
To cliff another day?
 
2013-01-02 07:09:47 PM  

KyDave: .And so, clearly, the only way to fix what that stupid, evil last Republican did is to continue the huge tax cuts for 5 years, and spend at least as much, if not more.


You 100% correct. So guess during the midterms you will not be voting for Generic Candidate (R) as Republicans in the House have been the main drag against raising taxes in any form, due to signing a pledge devised by a 12 year old muppet?
 
2013-01-02 07:10:32 PM  

jjorsett: sammyk: xanadian: FTFA: A new Medicare Tax adds to ObamaCare's pain. These same high-earners must pay an additional .9% Medicare payroll tax on wages above $200,000 for individuals and $250,000 for couples. This means the current 2.9% Medicare payroll tax will be increased to a total of 3.8% - a big hit especially for the self-employed.

Funny... IIRC, the Medicare payroll tax was about 3.8% when I was younger. Are these people SURE this "tax hike" has nothing to do with certain payroll tax cuts expiring? And little if nothing at all to do with Obamacare?

No, it's a legit tax that is part of ACA. I don't know how the poor things are supposed to create jobs with an addition soul crushing tax of .9%

"Everybody should be willing to pay a little bit more," that's the continual mantra of the tax raisers. Then when you add up all the little bits they want, it suddenly becomes a ginormous shiatload. That $6 a day of Starbucks coffee sounds like a little bit, yet at the end of the year you're out a couple of grand.


But, I don't pay anything here. At all. And I am actually above the average income for a household in the United States. So, why are we complaining again? This seems like the people who DO pay under this plan asked "Who can we pay to complain about taxes and "Obamacare" and piss off our lower class peons enough that we don't have to pay for too long?"

The reality is that we have a situation here where people with lots of money know they need to upset people who don't have enough money so they work to twist the story in a way that upsets everyone who it doesn't even affect in any way. The best example has to be this from TFA:

Beginning January 1, ObamaCare also tightens the screws on Itemized Medical Deductions. The law raises the threshold for allowed deductions from 7.5% of adjusted gross income to 10%, further burdening those with the largest medical expenses by limiting how much of these costs they can deduct on their taxes. Hit to these taxpayers: $19 billion

So, that means if I make 100k/year I can now deduct $2500 MORE deductions for medical expenses not covered by insurance. Yeah, those are some tight screws there. I even checked just in case it was a reduction and the fact checkers were just out to lunch. Nope, it's an increase since this directly helps everyone in the lower brackets and actually helps you if you are wealthy and sick.

I get it. I am not a fan of Obama. The fact is he has approaches I disagree with including how to improve medical coverage in the United States, but lets just build a bridge people. Stop the stupid. Take the time to actually learn what is happening and make it so these articles are powerless to influence you. Realize that we cannot actually afford to reduce taxes at this point unless somehow our economy goes just insane which is highly unlikely. We DO need to suck it up and pay more. Across the board. We also need to have our government reduce their costs until the debt is under control. We also need to realize that the Affordable Healthcare Act is a pretty dang good idea for anyone who is earning anything below about double the average.

I do like the idea that Mark Cuban put out there of tying taxes to unemployment. If the Unemployment drops BELOW 6% the top earners have a lower tax rate. I think we should do that at 6, 3, and even 2%. Encourage the ones with the money to find ways to make more jobs. Let them figure out "Ok, how many jobs will it take to get my taxes down?" Never going to happen, but we can dream!
 
2013-01-02 07:12:02 PM  
They're drinking from a fountain that's pouring like an avalanche coming down the mountain.
 
2013-01-02 07:12:54 PM  
This business will get out of control. It will get out of control and sometimes the good you do won't do you any good.

/am I doing this right?
//obscure?
 
2013-01-02 07:13:02 PM  
Yet the 47% - The Liberal Freeloaders, will keep Freeloading On!
 
2013-01-02 07:15:14 PM  

jjorsett: sammyk: xanadian: FTFA: A new Medicare Tax adds to ObamaCare's pain. These same high-earners must pay an additional .9% Medicare payroll tax on wages above $200,000 for individuals and $250,000 for couples. This means the current 2.9% Medicare payroll tax will be increased to a total of 3.8% - a big hit especially for the self-employed.

Funny... IIRC, the Medicare payroll tax was about 3.8% when I was younger. Are these people SURE this "tax hike" has nothing to do with certain payroll tax cuts expiring? And little if nothing at all to do with Obamacare?

No, it's a legit tax that is part of ACA. I don't know how the poor things are supposed to create jobs with an addition soul crushing tax of .9%

"Everybody should be willing to pay a little bit more," that's the continual mantra of the tax raisers. Then when you add up all the little bits they want, it suddenly becomes a ginormous shiatload. That $6 a day of Starbucks coffee sounds like a little bit, yet at the end of the year you're out a couple of grand.


A person making 350k a year would pay an extra $900 a year for this tax. Cry moar dumbass
 
2013-01-02 07:15:15 PM  
Surtax on Investment Income, Medicare Tax, and Flexible Spending Account Tax doesn't affect me because I'm middle-class.

Itemized Medical Deductions, goes from 7.5% to 10% of AGI, with that high cost of medical care cost in this country I don't see this 2.5% increase affecting people that much.

Now comes the Medical Device Tax, obviously can't affect me directly, though cost would trickled down the patients, however I'm calling shenanigans on the 2.3% increase doing this: "Many say that to survive, they will have no choice but to relocate abroad - taking much-needed, high-tech jobs with them." This is such BS, I work in a hospital and have work closely with our buyers and work sometimes directly with the vendors, they jack up the cost of these products so much it's not even funny, they could take a 10% tax and survive, granted if they did go up that much I would miss the free lunches they hand out like candy to get people to buy their products. Only thing that 2.3% increase will do is cause the CEO to drive a car that's *gasp* one year old.
 
2013-01-02 07:16:09 PM  
The sound of rich people complaining about taxes:
 
2013-01-02 07:20:25 PM  
Why is no one talking about the 2% increase in taxes on all earned income under like $108,000 as a result of the expiration of the Obama payroll tax cut?

That's going to affect the American public much more than a 0.9% increase on earned income over $250,000 for joint filers.
 
2013-01-02 07:20:33 PM  

WhoopAssWayne: Yet the 47% - The Liberal Freeloaders, will keep Freeloading On!


Thanks for the checks.
 
2013-01-02 07:22:07 PM  

The Beatings Will Continue Until Morale Improves: Well how else are going to pay to unionize the death panels?


Actually, I'd be cool with a death panel that ran itself like a union - sending representatives to the government to support me not dying sounds like a good use of my money.
 
2013-01-02 07:22:52 PM  
Already had to use Snopes to disprove an image making the rounds implying that all purchases you make would have a the new Medical Excise tax added.
 
2013-01-02 07:26:07 PM  
Yes, taxes are going up. Back up. To a level that existed back when this country was prosperous.
No doubt frogs and blood will rain from the heavens, the sea will boil, and everything will be ruined forever.
Keep on chuckin' that ficken.
 
2013-01-02 07:27:44 PM  

GriffXX: Already had to use Snopes to disprove an image making the rounds implying that all purchases you make would have a the new Medical Excise tax added.


Haven't seen the image but its an interesting idea. How much could you raise in revenue on a 1 cent federal tax vs raising income tax rates?
 
2013-01-02 07:28:44 PM  
I think this 2.3% tax will simply be passed onto the buyer in the form of price hikes. I don't necessarily agree with it either but I have a hard time believing it is going to extinguish innovation.
 
2013-01-02 07:28:46 PM  

Arimaris: jjorsett: sammyk: xanadian: FTFA: A new Medicare Tax adds to ObamaCare's pain. These same high-earners must pay an additional .9% Medicare payroll tax on wages above $200,000 for individuals and $250,000 for couples. This means the current 2.9% Medicare payroll tax will be increased to a total of 3.8% - a big hit especially for the self-employed ... blah blah words


Nice try, but your common sense doesn't work on me. Back to the thread in progress.
 
2013-01-02 07:30:33 PM  
She sounds butthurty.

Did Fox take over Forbes? That was a LOT of whining.
 
2013-01-02 07:39:14 PM  

Indubitably: The sound of rich people complaining about taxes:


Their shills, on the other hand?

*cue cacophony*
 
2013-01-02 07:46:40 PM  
When something smells rotten in Denmark, turn the other cheek, there's fire.
 
2013-01-02 07:48:51 PM  

mark625: OMG! A tax of 2.3% of the GROSS SALES of certain medical devices!?! That's like a.. a.. a.. SALES TAX!

And everyone knows that any government that institutes a SALES TAX on GROSS SALES without accounting for profit/loss will doom all businesses in its jurisdiction. A sales tax has never worked in the past, is not now working in the present, and never will work in the future, anywhere in the world! Obama has doomed all medical device manufacturers in America. DOOOOOMED I SAY!

/or not.


This is just a sneaky trick by Michelle Obama to raise the price of gastric bands and sleeves so people will have to resort to exercise and healthy eating instead of surgery! Don't fall for this socialist - protest by eating as much cholesterol rich food as you can!
 
2013-01-02 07:51:26 PM  
Beginning January 1, ObamaCare also tightens the screws on Itemized Medical Deductions. The law raises the threshold for allowed deductions from 7.5% of adjusted gross income to 10%, further burdening those with the largest medical expenses by limiting how much of these costs they can deduct on their taxes. Hit to these taxpayers: $19 billion

So, that means if I make 100k/year I can now deduct $2500 MORE deductions for medical expenses not covered by insurance. Yeah, those are some tight screws there. I even checked just in case it was a reduction and the fact checkers were just out to lunch. Nope, it's an increase since this directly helps everyone in the lower brackets and actually helps you if you are wealthy and sick.

^^^ Umm...No. You're wrong. Maybe if you made 100k/yr you would know this. I'm pretty sure you would know if you made $40k/yr.
1/10
 
2013-01-02 07:51:41 PM  

gingerjet: Big Man On Campus: /The USA will be Greece in 10 years. The boomers control of federal spending is so absurdly strong that social services for the aging/sick are only increasing, not decreasing when we need to be cutting spending.

So tired of this talking point.  Greece is fark'd up royally on so many levels that it isn't even funny.  But the primary reason this will never be the case is that we control our own currency.  And other countries are a vested interest in our survival - no one cares about greece.


I think the EU cares about Greece. At least to the extent that they don't want them to start a stampede of countries leaving the EU.
 
2013-01-02 07:52:06 PM  

SDRR: When something smells rotten in Denmark, turn the other cheek, there's fire.


Well, we'd better quit screwing around - it's time to firmly grasp that bat and swing for the goalposts.
 
2013-01-02 08:00:05 PM  

jso2897: SDRR: When something smells rotten in Denmark, turn the other cheek, there's fire.

Well, we'd better quit screwing around - it's time to firmly grasp that bat and swing for the goalposts.


If we keep our nose to the grindstone and keep moving that ball down the field, then we can knock that ball right out of the park.
 
2013-01-02 08:02:34 PM  

jso2897: SDRR: When something smells rotten in Denmark, turn the other cheek, there's fire.

Well, we'd better quit screwing around - it's time to firmly grasp that bat and swing for the goalposts.


Hey.

I live here.

So, STFU.

Show some situational awareness, dumbasses.

Learn your neighbors patterns by listening to them, actually listening to them, and figuring out when they function. Work with them. If you don't actually work, then fuk off, get a job, and adjust to my working habits, you effing neanderthals! It must be rough to be supported by your parents you enmeshed clingy bastages. FO.

Ugh.
 
2013-01-02 08:04:11 PM  
Looks like the upper hand is on the other foot!

/thanks Frank!
 
2013-01-02 08:11:23 PM  
robdyoung.com
 
2013-01-02 08:12:28 PM  

Sergeant Grumbles: FTFA: Those who find the accounts (Flexible spending accounts) most valuable are those with the greatest health needs - parents of special needs children, people who have had organ transplants and who must take maintenance drugs, and others facing major medical expenses.

I'm having trouble believing this part. The people most likely to blow through their FSA find the FSA most valuable? Or is this just because an FSA is cheaper than insurance for an organ transplant or a special needs child?


FSA never covered our medical expenses, even at $5K, and we have no physical disability. (DD/autism)

FSA Contribution Limits By Year
Be sure to check with your employer as 2011 and 2012 FSA limits will still be designated by employers:
2011: No limit, most employers use $5,000 maximum
2012: No limit, most employers use $5,000 maximum
2013: $2,500 maximum per employee


Read more: http://www.mydollarplan.com/flexible-spending-account-changes/#ixzz2Gs 27Ntq4
 
2013-01-02 08:15:40 PM  

sammyk: xanadian: FTFA: A new Medicare Tax adds to ObamaCare's pain. These same high-earners must pay an additional .9% Medicare payroll tax on wages above $200,000 for individuals and $250,000 for couples. This means the current 2.9% Medicare payroll tax will be increased to a total of 3.8% - a big hit especially for the self-employed.

Funny... IIRC, the Medicare payroll tax was about 3.8% when I was younger. Are these people SURE this "tax hike" has nothing to do with certain payroll tax cuts expiring? And little if nothing at all to do with Obamacare?

No, it's a legit tax that is part of ACA. I don't know how the poor things are supposed to create jobs with an addition soul crushing tax of .9%


And that additional 0.9% is ONLY on the wages about the $200,000/250,000 threshold.

So if my self-employment incomes bumps from $200K (I wish) to $250K, I'll pay an additional $450 in SE Tax above what I would have paid with the lower rate. In the broader view, the total self-employment tax on a person with the new "big hit" (the author's words) $19,452. If the Medicare rate hadn't bumped up and stayed at 2.9%, that same person would pay $19, 002. That's an increase of around 2.3%.

I'm OK with this.
 
2013-01-02 08:16:39 PM  

The Beatings Will Continue Until Morale Improves: They're drinking from a fountain that's pouring like an avalanche coming down the mountain.


I had not listened to that in years; it is still stunning in its simpleness. Thank you.
 
2013-01-02 08:16:51 PM  
Obama's plan has turned America's middle class into a starving coyote futilely chasing the road runner of prosperity through the desert of deprivation before running off the edge of the fiscal cliff and collapsing into the .... no. America is the deadbeat 47-percent coyote chasing the road runner of plush welfare benefits through the desert of godless values ... something something tax increase.
 
2013-01-02 08:17:28 PM  
To Meta-fer
 
2013-01-02 08:17:31 PM  

DamnYankees: Big Man On Campus: The most controversial of the latest ObamaCare taxes is the Medical Device Tax that hits entrepreneurial firms making equipment such as heart valves and hip replacement parts. They face a 2.3% profit on gross sales - a tax they must pay even if they have no profit at all. Many firms say this tax - slated to collect $29 billion over 10 years - will soak up virtually all of their research budgets.

If the entire profit margin of the average medical device company is represented by 2.3% of gross sales of specific items, I'll eat a shoe.


its not.
a sampling of after-tax profit margins:

Becton, Dickinson 14.39
Covidien plc 16.05
Teleflex Inc 7.96
C.R. Bard, Inc. 11.32
Thermo Fisher 8.70
Bio-Rad Laboratories 8.59
 
2013-01-02 08:18:43 PM  
And then the thread was engulfed in an inferno of everlasting derp.
 
2013-01-02 08:19:05 PM  

Goddess of Atheism: Obama's plan has turned America's middle class into a starving coyote futilely chasing the road runner of prosperity through the desert of deprivation before running off the edge of the fiscal cliff and collapsing into the .... no. America is the deadbeat 47-percent coyote chasing the road runner of plush welfare benefits through the desert of godless values ... something something tax increase.


You aren't serious, sir?

For if you are: stfu, plz. u r trded.
 
2013-01-02 08:22:24 PM  
Says the twunt whose right-wing think tank pimps utter bullshiat like this:

"Consumers and their physicians should have authority and responsibility over health care decisions, and the vibrant free market will encourage research and innovation and provide better access to new medical technologies." "A market that supports innovation will lead to lower costs, expanded choice, and increased access to better medical care."

http://en.wikipedia.org/wiki/Galen_Institute

Yeah, fark you too, lady.
 
2013-01-02 08:22:57 PM  
Everything I read in this article made me happy.

Good.
 
2013-01-02 08:23:19 PM  

Pointy Tail of Satan: I especially love how Americans have to pay US income tax even if living in another country, and getting paid by a non-US employer.


That's a half-truth. You must file taxes in the US when working abroad but if a tax treaty exists you will get credit for whatever taxes you paid in the nation where you work. Assuming that nation has higher taxes than the US (which is a pretty good bet) then you will owe nothing at all in the US. Offhand I don't know which countries have no tax treaty and would end up doubly-taxing you but I imagine it's a short list.

The annoyance of this is the main reason I will not become a US citizen, although if I had kids I would suck it up and naturalize. As DINKs there isn't much benefit. Estate tax is about the only thing but I don't plan to die in the US. And if I do my wife is on her own! ;)
 
2013-01-02 08:25:32 PM  

AliasSally: I'd like to see her sources. There's been a cap on my HSA for the past 2 years that I've had it. I'm gonna guess the rest of the article is also full of crap.


HSA != FSA
 
2013-01-02 08:30:52 PM  
FTFA The law raises the threshold for allowed deductions from 7.5% of adjusted gross income to 10%, further burdening those with the largest medical expenses by limiting how much of these costs they can deduct on their taxes. Hit to these taxpayers: $19 billion.

Explain how this hurts.
 
2013-01-02 08:32:52 PM  

GardenWeasel: Then they can renounce their citizenship. If they want the privileges, benefits, and protection of the USA, then they need to help pay for it.


Except none of those things you mention applies if you live outside the country.
 
2013-01-02 08:33:12 PM  

Ficoce: Beginning January 1, ObamaCare also tightens the screws on Itemized Medical Deductions. The law raises the threshold for allowed deductions from 7.5% of adjusted gross income to 10%, further burdening those with the largest medical expenses by limiting how much of these costs they can deduct on their taxes. Hit to these taxpayers: $19 billion

So, that means if I make 100k/year I can now deduct $2500 MORE deductions for medical expenses not covered by insurance. Yeah, those are some tight screws there. I even checked just in case it was a reduction and the fact checkers were just out to lunch. Nope, it's an increase since this directly helps everyone in the lower brackets and actually helps you if you are wealthy and sick.

^^^ Umm...No. You're wrong. Maybe if you made 100k/yr you would know this. I'm pretty sure you would know if you made $40k/yr.
1/10


True, it means you would have to have 10K in unreimbursed expenses rather than 7500 if you made 100K. As someone who once had 118% of AGI in unreimbursed expenses, let me tell you that 2.5% in extra expenses is just going to kill people with major medical problems. I mean, that would have meant I only had 1 year of loss carryforward instead of 2.

\You can tell this tax doesn't mean a thing when the most this tard coul see it raising is 19 billion dollars.
 
2013-01-02 08:35:43 PM  

scandalrag: Ficoce: Beginning January 1, ObamaCare also tightens the screws on Itemized Medical Deductions. The law raises the threshold for allowed deductions from 7.5% of adjusted gross income to 10%, further burdening those with the largest medical expenses by limiting how much of these costs they can deduct on their taxes. Hit to these taxpayers: $19 billion

So, that means if I make 100k/year I can now deduct $2500 MORE deductions for medical expenses not covered by insurance. Yeah, those are some tight screws there. I even checked just in case it was a reduction and the fact checkers were just out to lunch. Nope, it's an increase since this directly helps everyone in the lower brackets and actually helps you if you are wealthy and sick.

^^^ Umm...No. You're wrong. Maybe if you made 100k/yr you would know this. I'm pretty sure you would know if you made $40k/yr.
1/10

True, it means you would have to have 10K in unreimbursed expenses rather than 7500 if you made 100K. As someone who once had 118% of AGI in unreimbursed expenses, let me tell you that 2.5% in extra expenses is just going to kill people with major medical problems. I mean, that would have meant I only had 1 year of loss carryforward instead of 2.

\You can tell this tax doesn't mean a thing when the most this tard coul see it raising is 19 billion dollars.


\\to wharf
 
2013-01-02 08:37:07 PM  

Jument: Pointy Tail of Satan: I especially love how Americans have to pay US income tax even if living in another country, and getting paid by a non-US employer.

That's a half-truth. You must file taxes in the US when working abroad but if a tax treaty exists you will get credit for whatever taxes you paid in the nation where you work. Assuming that nation has higher taxes than the US (which is a pretty good bet) then you will owe nothing at all in the US. Offhand I don't know which countries have no tax treaty and would end up doubly-taxing you but I imagine it's a short list.


actually, the list is pretty long, includes Brazil, Singapore, UAE.

Link
 
2013-01-02 08:40:43 PM  

Ficoce: Beginning January 1, ObamaCare also tightens the screws on Itemized Medical Deductions. The law raises the threshold for allowed deductions from 7.5% of adjusted gross income to 10%, further burdening those with the largest medical expenses by limiting how much of these costs they can deduct on their taxes. Hit to these taxpayers: $19 billion

So, that means if I make 100k/year I can now deduct $2500 MORE deductions for medical expenses not covered by insurance. Yeah, those are some tight screws there. I even checked just in case it was a reduction and the fact checkers were just out to lunch. Nope, it's an increase since this directly helps everyone in the lower brackets and actually helps you if you are wealthy and sick.

^^^ Umm...No. You're wrong. Maybe if you made 100k/yr you would know this. I'm pretty sure you would know if you made $40k/yr.
1/10


Thank god the original poster you quoted "fact checked" that for us.
It's an expense threshold, not bonus deductions. I've never had medical out of pocket expenses exceed the deduction threshold in every year since I had been itemizing deductions. Now, I can just skip that section of the return in its entirety since I know I'd have to get my ass kicked with medical expenses even more than I did this past year in order to even get the deduction.
 
2013-01-02 08:46:12 PM  

Bruce Campbell: Ficoce: Beginning January 1, ObamaCare also tightens the screws on Itemized Medical Deductions. The law raises the threshold for allowed deductions from 7.5% of adjusted gross income to 10%, further burdening those with the largest medical expenses by limiting how much of these costs they can deduct on their taxes. Hit to these taxpayers: $19 billion

So, that means if I make 100k/year I can now deduct $2500 MORE deductions for medical expenses not covered by insurance. Yeah, those are some tight screws there. I even checked just in case it was a reduction and the fact checkers were just out to lunch. Nope, it's an increase since this directly helps everyone in the lower brackets and actually helps you if you are wealthy and sick.

^^^ Umm...No. You're wrong. Maybe if you made 100k/yr you would know this. I'm pretty sure you would know if you made $40k/yr.
1/10

Thank god the original poster you quoted "fact checked" that for us.
It's an expense threshold, not bonus deductions. I've never had medical out of pocket expenses exceed the deduction threshold in every year since I had been itemizing deductions. Now, I can just skip that section of the return in its entirety since I know I'd have to get my ass kicked with medical expenses even more than I did this past year in order to even get the deduction.

To deduct

 
2013-01-02 08:47:50 PM  

Igor Jakovsky: Obamacare: You can't polish a turd.


But you can roll it in glitter.
 
2013-01-02 08:50:13 PM  
Indubitably, do you have a quota or something?
 
2013-01-02 08:52:10 PM  

Wangiss: Indubitably, do you have a quota or something?


In what sense?
 
2013-01-02 08:58:07 PM  

Bruce Campbell: Ficoce: Beginning January 1, ObamaCare also tightens the screws on Itemized Medical Deductions. The law raises the threshold for allowed deductions from 7.5% of adjusted gross income to 10%, further burdening those with the largest medical expenses by limiting how much of these costs they can deduct on their taxes. Hit to these taxpayers: $19 billion

So, that means if I make 100k/year I can now deduct $2500 MORE deductions for medical expenses not covered by insurance. Yeah, those are some tight screws there. I even checked just in case it was a reduction and the fact checkers were just out to lunch. Nope, it's an increase since this directly helps everyone in the lower brackets and actually helps you if you are wealthy and sick.

^^^ Umm...No. You're wrong. Maybe if you made 100k/yr you would know this. I'm pretty sure you would know if you made $40k/yr.
1/10

Thank god the original poster you quoted "fact checked" that for us.
It's an expense threshold, not bonus deductions. I've never had medical out of pocket expenses exceed the deduction threshold in every year since I had been itemizing deductions. Now, I can just skip that section of the return in its entirety since I know I'd have to get my ass kicked with medical expenses even more than I did this past year in order to even get the deduction.


We came really close one year - and that means we were really hurting. 10%? That's going to hurt more than a few two wage earner families with kids - or middle aged couples trying to save some type of retirement. I bet half the people reading that think it's a great deal. For those that don't know, this means your out of pocket medical has to be at least 10% of your before tax income before you can write it off. In other words, good luck.
 
2013-01-02 09:08:41 PM  

KyDave: A bird in the hand is worth two in the BUSHES FAULT


Fixed.
 
2013-01-02 09:24:12 PM  

Indubitably: Wangiss: Indubitably, do you have a quota or something?

In what sense?


to post sentence fragments
 
2013-01-02 09:29:20 PM  

Wangiss: Indubitably: Wangiss: Indubitably, do you have a quota or something?

In what sense?

to post sentence fragments


Cute.
 
2013-01-02 09:29:56 PM  

Indubitably: Wangiss: Indubitably: Wangiss: Indubitably, do you have a quota or something?

In what sense?

to post sentence fragments

Cute.


To poet is too hard for you?
 
2013-01-02 09:30:35 PM  

Indubitably: Indubitably: Wangiss: Indubitably: Wangiss: Indubitably, do you have a quota or something?

In what sense?

to post sentence fragments

Cute.

To poet is too hard for you?


Nope.
 
2013-01-02 09:32:47 PM  

No Time To Explain: You Americans call it a fiscal cliff, I call it a fiscal bukkake

/mostly because it's fun watching fox and CNN lackeys go apeshiat over it
//way I read and understood it, it's no big deal, get over it and part your debts America


No! You!

This is the level of discourse here now.
 
2013-01-02 09:34:30 PM  

hdhale: Hydra: Looks like they just kicked the can down the road into the perfect storm of black swans.

/seriously, though, we're farked

We are getting the ass farking we asked for in the voting booth and may we be ever so grateful for it.

Next time you "independents" start thinking about voting strictly on basis of your liberal social issues, remember this day and smack yourself. There's bigger issues to worry about than whether or not your cousin's friend who has a brother who thinks he might have found the right guy to settle down with can get married. I think they should be able to, but I also think that serious budget deficits matter more, and Barry isn't the guy to fix them.


Yeah, I miss W too.
 
2013-01-02 09:37:17 PM  

Evil High Priest: No Time To Explain: You Americans call it a fiscal cliff, I call it a fiscal bukkake

/mostly because it's fun watching fox and CNN lackeys go apeshiat over it
//way I read and understood it, it's no big deal, get over it and part your debts America

No! You!

This is the level of discourse here now.


Did you seriously just say that here?

"...let loose the dogs of cyberwar..."

*)
 
2013-01-02 09:40:05 PM  

Evil High Priest: hdhale: Hydra: Looks like they just kicked the can down the road into the perfect storm of black swans.

/seriously, though, we're farked

We are getting the ass farking we asked for in the voting booth and may we be ever so grateful for it.

Next time you "independents" start thinking about voting strictly on basis of your liberal social issues, remember this day and smack yourself. There's bigger issues to worry about than whether or not your cousin's friend who has a brother who thinks he might have found the right guy to settle down with can get married. I think they should be able to, but I also think that serious budget deficits matter more, and Barry isn't the guy to fix them.

Yeah, I miss W too.


You are an idiot. You should surrender your money, possessions, and influence immediately.
 
2013-01-02 09:51:44 PM  

mark625: OMG! A tax of 2.3% of the GROSS SALES of certain medical devices!?! That's like a.. a.. a.. SALES TAX!

And everyone knows that any government that institutes a SALES TAX on GROSS SALES without accounting for profit/loss will doom all businesses in its jurisdiction. A sales tax has never worked in the past, is not now working in the present, and never will work in the future, anywhere in the world! Obama has doomed all medical device manufacturers in America. DOOOOOMED I SAY!

/or not.


Maybe, maybe not,

However, I can tell you with absolute certainty that since ObamaCare was voted on, some of the largest medical manufacturing companies on the planet have all been feverishly working to move operations offshore. Last year alone I know of at least a few major production lines that have either been folded up completely or relocated to other countries.

Weather or not the tax increase would actually hurt the bottom line is irrelevant when the companies believe it will hurt them, and will do anything in their power to avoid paying up. The simple perception of danger is the real threat.

/supplier of manufacturing equipment for most of the larger medical manufacturing companies
//a large portion of our tech support last year was installation of machines to offshore plants.
 
2013-01-02 09:54:40 PM  

Driedsponge: mark625: OMG! A tax of 2.3% of the GROSS SALES of certain medical devices!?! That's like a.. a.. a.. SALES TAX!

And everyone knows that any government that institutes a SALES TAX on GROSS SALES without accounting for profit/loss will doom all businesses in its jurisdiction. A sales tax has never worked in the past, is not now working in the present, and never will work in the future, anywhere in the world! Obama has doomed all medical device manufacturers in America. DOOOOOMED I SAY!

/or not.

Maybe, maybe not,

However, I can tell you with absolute certainty that since ObamaCare was voted on, some of the largest medical manufacturing companies on the planet have all been feverishly working to move operations offshore. Last year alone I know of at least a few major production lines that have either been folded up completely or relocated to other countries.

Weather or not the tax increase would actually hurt the bottom line is irrelevant when the companies believe it will hurt them, and will do anything in their power to avoid paying up. The simple perception of danger is the real threat.

/supplier of manufacturing equipment for most of the larger medical manufacturing companies
//a large portion of our tech support last year was installation of machines to offshore plants.


ONSHORE, jahkhahys!
 
2013-01-02 09:56:04 PM  

Indubitably: Indubitably: Indubitably: Wangiss: Indubitably: Wangiss: Indubitably, do you have a quota or something?

In what sense?

to post sentence fragments

Cute.

To poet is too hard for you?

Nope.


I write songs occasionally.
 
2013-01-02 09:57:45 PM  

Wangiss: Indubitably: Indubitably: Indubitably: Wangiss: Indubitably: Wangiss: Indubitably, do you have a quota or something?

In what sense?

to post sentence fragments

Cute.

To poet is too hard for you?

Nope.

I write songs occasionally.


That's nice.
 
2013-01-02 10:01:08 PM  
FTFA: Those who find the accounts (Flexible spending accounts) most valuable are those with the greatest health needs - parents of special needs children, people who have had organ transplants and who must take maintenance drugs, and others facing major medical expenses.

As someone who has worked for a company that administers FSA accounts I am calling Bullcrap on this. The majority of people who signed up for an FSA did it for the "tax benefit" of which we always had a busy November and December as these same people peppered the phone with questions on how they could use the money before they would lose it.

Some do use FSA accounts for medications but the number of people that allocate funds into these accounts in anticipation of major medical procedures were very small. In fact the most common situation was someone calling in asking if they could raise or allocate funds to an FSA because they had an emergency (People right??)

The one thing people should be angry about is how much their insurance really costs. The majority of people are absolutely clueless about what the true cost of insurance per month is.

90% of COBRA participants calling in to the company I worked for did not know that their health insurance was $500(Single)-$2500(Family and sometimes it was more).

Most of the people in this forum pay anywhere from $100 to as much as $1000 out of their paycheck simply choosing to be oblivious to the fact that their employer will cover anywhere from 30% to as much as 70% of their premium costs.

Always loved that conversation with that one person telling phone reps how they were responsible for killing them because their premium was more than they could afford as an unemployed twit. "You are killing my son, he needs insurance! Can't you lower the premium???" Idiots.
 
2013-01-02 10:04:59 PM  

Gyrfalcon: Is there some way we can focus a mind-beam on pundits and erase the part of their brain that makes metaphors? Sort of a metaphor lobotomy?


Maybe the problem is that someone tried this already.
 
2013-01-02 10:12:14 PM  
www.homevideos.com

My mind is a raging torrent, flooded with rivulets of thought cascading into a waterfall of creative alternatives.
 
2013-01-02 10:30:37 PM  
I make in the upper 5 figures and honestly, my taxes NEED to be raised ... in fact, everyone in the $35k-$150k range of incomes should be paying, oh, roughly 10-15% more taxes every year.

/For instance, with just the standard deductions, my effective income tax rate was only 15% ... that's so low, it's god damn criminal.
//I live VERY well for my income. If you can't live VERY well for $80k/year, you're a financial imbecile.
 
2013-01-02 10:32:41 PM  

CygnusDarius: What is the GOP? Suffering, you might say. Oppression. Deceit. But could not all these things be said of your Pogressives? You hunt down the talented and the strong-willed. You break them or sacrifice them. You lie to your citizens and wage war on those who dare speak out. The inquisitors you call masters assume guilt and execute millions on a whim. And why? Why do you do this? Because you know the GOP is there but you do not know how to fight it, so you crush your own citizens for fear that they might aid the Enemy. America suffers because of the GOP. No matter how hard you fight, that will never change. The GOP exists in a state of permanent victory over you - you dance to our tune, mortal one, you butcher and torture and repress one another because the job creators require you to. America is founded on the GOP. My lord Koch won your war a long, long time ago.


4/10

Did not read the whole thread to find out, but I'm sure you will get a few bites from each side. Your Derp/Letters ratio is very very impressive.
 
2013-01-02 11:22:16 PM  

Gwyrddu: Clinton temporarily balanced our deficit.


Clinton didn't do anything but sign legislation put on his desk by largely conservative congresses.

dennysgod: Now comes the Medical Device Tax, obviously can't affect me directly, though cost would trickled down the patients


No tax ever affects a business directly. Businesses will defer any and all costs of business onto the consumer. This is why these "stick it to the man" corporate taxes are bullshiat to begin with since it is the end consumer who always ends up footing the bill.
 
2013-01-02 11:30:28 PM  

Indubitably: Evil High Priest: hdhale: Hydra: Looks like they just kicked the can down the road into the perfect storm of black swans.

/seriously, though, we're farked

We are getting the ass farking we asked for in the voting booth and may we be ever so grateful for it.

Next time you "independents" start thinking about voting strictly on basis of your liberal social issues, remember this day and smack yourself. There's bigger issues to worry about than whether or not your cousin's friend who has a brother who thinks he might have found the right guy to settle down with can get married. I think they should be able to, but I also think that serious budget deficits matter more, and Barry isn't the guy to fix them.

Yeah, I miss W too.

You are an idiot. You should surrender your money, possessions, and influence immediately.


Ah! A taoist. Excellent!
 
2013-01-02 11:42:02 PM  

seadoo2006: If you can't live VERY well for $80k/year, you're a financial imbecile


Or you're in California, home of the $2000/month 350 sq. ft. studio.

/San Francisco is ridiculous.
//South Valley is even worse, because you're paying $1500 + your car costs.
///Totally agreed in the midwest.
 
2013-01-03 12:04:03 AM  

Indubitably: jso2897: SDRR: When something smells rotten in Denmark, turn the other cheek, there's fire.

Well, we'd better quit screwing around - it's time to firmly grasp that bat and swing for the goalposts.

Hey.

I live here.

So, STFU.

Show some situational awareness, dumbasses.

Learn your neighbors patterns by listening to them, actually listening to them, and figuring out when they function. Work with them. If you don't actually work, then fuk off, get a job, and adjust to my working habits, you effing neanderthals! It must be rough to be supported by your parents you enmeshed clingy bastages. FO.

Ugh.


That's about the oddest response to that post i could have anticipated.
 
2013-01-03 12:07:04 AM  
Get ready for the financial Gang Bang.
 
2013-01-03 12:23:08 AM  

Pointy Tail of Satan: A tax code so simple, a 10 year old child can understand it. Fetch me a 10 year old child!


When you're done, send the kid over here to open my pill bottles.
 
2013-01-03 12:33:26 AM  

o5iiawah: Clinton didn't do anything but sign legislation put on his desk by largely conservative congresses.


Clinton raised taxes in 1993 with a Democratically controlled house, without which there wouldn't be a balanced budget at the end of his term after an unprecedented period of growth.

But even if that wasn't the case, if a Republican controlled house was somehow responsible for balancing the budget at the end of his term, then how could Obama be at fault for the current deficit when he is also dealing with a Republican controlled house? You can't have it both ways.
 
2013-01-03 12:42:09 AM  

meyerkev: seadoo2006: If you can't live VERY well for $80k/year, you're a financial imbecile

Or you're in California, home of the $2000/month 350 sq. ft. studio.

/San Francisco is ridiculous.
//South Valley is even worse, because you're paying $1500 + your car costs.
///Totally agreed in the midwest.


This is true ... there are a few select markets in the US where cost of living is so far out of wack, you can't really compare, but in 90% of the US, $80k should be more than enough to lead a decent middle-class lifestyle.
 
2013-01-03 01:10:56 AM  

Gwyrddu: o5iiawah: Clinton didn't do anything but sign legislation put on his desk by largely conservative congresses.

Clinton raised taxes in 1993 with a Democratically controlled house, without which there wouldn't be a balanced budget at the end of his term after an unprecedented period of growth.

But even if that wasn't the case, if a Republican controlled house was somehow responsible for balancing the budget at the end of his term, then how could Obama be at fault for the current deficit when he is also dealing with a Republican controlled house? You can't have it both ways.


Easy. He doesn't sign the budget.
 
2013-01-03 01:13:53 AM  

grinding_journalist: DamnYankees: Big Man On Campus: Why tax companies that are trying to innovate and as-yet make no profit? That's like taxing all NASA employees just because.

Well, it's not a tax on innovation. It's a tax on sales of medical devices. For example, selling plastic gloves to hospitals. This is just a sales tax on that. Categorizing it as a tax on innovation is just as silly as saying the income tax is a tax on innovators. These are both simply general taxes on certain types of transactions; they don't target innovation.

You use profit to do research. Research creates innovation. Without research, there will be little to no innovation.

/extrapolated, but the point remains


So they shouldn't have to pay any tax evar? Is that your point?
 
2013-01-03 01:35:04 AM  
About Me
I'm president of the Galen Institute, a non-profit research organization that focuses on market-driven health policy, and a co-author of Why ObamaCare Is Wrong for America


Another concerned citizen heard from, thanks Ma'am!

Your insight sounds a shining torrent of fresh air up the tailpipe of our national discourse.
 
2013-01-03 01:38:00 AM  
Hope and Change my ass
 
2013-01-03 01:43:54 AM  

mikaloyd: Hope and Change my ass


I'll take the hope, you can keep the changing of your ass.
 
2013-01-03 03:15:33 AM  
I did all I could at the voting booth. Now I'm going to be subservient and bow to the master. I'm taking all the free shiat I can, healthcare, dental, food stamps etc. I just looked it up today, it actually pays to stop working at my income level, I can get more free than what I work for.
 
2013-01-03 04:52:49 AM  
mikaloyd: Hope and Change my ass

hurr durr
 
2013-01-03 05:22:28 AM  
" They face a 2.3% profit on gross sales - a tax they must pay even if they have no profit at all."

Does a career in journalism even require a high school diploma anymore? Or don't high schools or colleges bother to teach?
 
2013-01-03 07:11:13 AM  

mikaloyd: Hope and Change, my ass.


De-trollified that for you.
 
2013-01-03 07:39:32 AM  

mikaloyd: Hope and Change my ass


I don't think anything could change your ass. it's a lost cause, at this point.
 
2013-01-03 08:18:18 AM  
I blame  you, idiot voter
doesn't need to be a party issue
chances are nearly 100% that if you voted
you chose a farking idiot.
so, thanks..jackass
I'll think of you
faceless, nameless
precious little snowflake
as I pay extra
and more jobs fail
and the government gets bigger
because you weren't willing to think for yourself
 
2013-01-03 08:30:30 AM  
Who the "fiscal cliff" was based on Rum, GE, and hollywood tax breaks to save us all.
Oh, donators to Obama? Now it makes sense. Both parties are corrupt asshats and need to go.
 
2013-01-03 08:50:11 AM  

hdhale: Hydra: Looks like they just kicked the can down the road into the perfect storm of black swans.

/seriously, though, we're farked

We are getting the ass farking we asked for in the voting booth and may we be ever so grateful for it.

Next time you "independents" start thinking about voting strictly on basis of your liberal social issues, remember this day and smack yourself. There's bigger issues to worry about than whether or not your cousin's friend who has a brother who thinks he might have found the right guy to settle down with can get married. I think they should be able to, but I also think that serious budget deficits matter more, and Barry isn't the guy to fix them.


I also tend to vote Democratic on fiscal issues, since Republicans have no idea how to manage money. For themselves, sure, but for the country? They kinda suck at being fiscally responsible.
 
2013-01-03 09:11:22 AM  

Big Man On Campus: DamnYankees: Big Man On Campus: Why tax companies that are trying to innovate and as-yet make no profit? That's like taxing all NASA employees just because.

Well, it's not a tax on innovation. It's a tax on sales of medical devices. For example, selling plastic gloves to hospitals. This is just a sales tax on that. Categorizing it as a tax on innovation is just as silly as saying the income tax is a tax on innovators. These are both simply general taxes on certain types of transactions; they don't target innovation.

It is a tax on innovation if I don't yet have a profitable line of medical devices because doctors have not yet discovered just how wonderful my device is. That's what that is saying, it's saying that any medical device company, regardless of whether or not their sales have them running in the black, must pay this tax on gross income. That hurts innovation because in order for small-money medical device innovators to get onto the market, they have to get their stuff out there. This tax only increases how much they have to run into the red before a device turns a profit. That can only hurt innovation.


I am sorry but most of the so-called "advancedments" I have seen out of the private sector of medicine have been boner pills, pills to help you sleep, pills to make you happy, and an insulin checker that uses your arm instead of your finger.
 
2013-01-03 09:16:00 AM  

DeathCipris: Big Man On Campus: DamnYankees: Big Man On Campus: Why tax companies that are trying to innovate and as-yet make no profit? That's like taxing all NASA employees just because.

Well, it's not a tax on innovation. It's a tax on sales of medical devices. For example, selling plastic gloves to hospitals. This is just a sales tax on that. Categorizing it as a tax on innovation is just as silly as saying the income tax is a tax on innovators. These are both simply general taxes on certain types of transactions; they don't target innovation.

It is a tax on innovation if I don't yet have a profitable line of medical devices because doctors have not yet discovered just how wonderful my device is. That's what that is saying, it's saying that any medical device company, regardless of whether or not their sales have them running in the black, must pay this tax on gross income. That hurts innovation because in order for small-money medical device innovators to get onto the market, they have to get their stuff out there. This tax only increases how much they have to run into the red before a device turns a profit. That can only hurt innovation.

I am sorry but most of the so-called "advancedments" I have seen out of the private sector of medicine have been boner pills, pills to help you sleep, pills to make you happy, and an insulin blood sugar checker that uses your arm instead of your finger.


/I need coffee.
 
2013-01-03 09:53:12 AM  

Slaves2Darkness: hdhale: Hydra: Looks like they just kicked the can down the road into the perfect storm of black swans.

/seriously, though, we're farked

We are getting the ass farking we asked for in the voting booth and may we be ever so grateful for it.

Next time you "independents" start thinking about voting strictly on basis of your liberal social issues, remember this day and smack yourself. There's bigger issues to worry about than whether or not your cousin's friend who has a brother who thinks he might have found the right guy to settle down with can get married. I think they should be able to, but I also think that serious budget deficits matter more, and Barry isn't the guy to fix them.

Yeah sorry about that, but if Barry is not the guy to fix them then who? I'm really going to have to go with the Democrats being the party of fiscal responsibility, because ever since Reagan they are the only party that has ever come close to balancing the budget.

The borrow and spent Republicans are so bad at being fiscally responsible the last guy we elected for that party added what 4 trillion to the debt and created the Great Recession.

The sad fact of life is we need a top marginal rate of 60% and a a bottom rate of 20% of income if we are ever going to come close to balancing the budget. Let alone paying off the debt.


Who controlled congress during that balanced budget? You cant be that ignorant.
 
2013-01-03 09:54:35 AM  

DamnYankees: Big Man On Campus: The most controversial of the latest ObamaCare taxes is the Medical Device Tax that hits entrepreneurial firms making equipment such as heart valves and hip replacement parts. They face a 2.3% profit on gross sales - a tax they must pay even if they have no profit at all. Many firms say this tax - slated to collect $29 billion over 10 years - will soak up virtually all of their research budgets.

If the entire profit margin of the average medical device company is represented by 2.3% of gross sales of specific items, I'll eat a shoe.


Why do you get to choose the appropriate profit margin. Please share your views on apples margin.
 
2013-01-03 10:01:35 AM  
Taxes are going up as the economy improves. Sounds like good policy to me. Jesus we're dumb. I'm sure Obama is embarrassed that he is working with a populace that is so stupid that they don't realize that taxes simply need to go up to pay down the deficit, never mind the debit already incurred in past years.

Note to Forbes and the tea-tards. This is what is called MATH.
 
2013-01-03 10:04:25 AM  

MyRandomName: DamnYankees: Big Man On Campus: The most controversial of the latest ObamaCare taxes is the Medical Device Tax that hits entrepreneurial firms making equipment such as heart valves and hip replacement parts. They face a 2.3% profit on gross sales - a tax they must pay even if they have no profit at all. Many firms say this tax - slated to collect $29 billion over 10 years - will soak up virtually all of their research budgets.

If the entire profit margin of the average medical device company is represented by 2.3% of gross sales of specific items, I'll eat a shoe.

Why do you get to choose the appropriate profit margin. Please share your views on apples margin.


When the tax rate exceeds their ability to raise prices to compensate, then the natural course of action is a profit margin reduction. I'm all for it!
 
2013-01-03 10:35:31 AM  

Driedsponge: mark625: OMG! A tax of 2.3% of the GROSS SALES of certain medical devices!?! That's like a.. a.. a.. SALES TAX!

And everyone knows that any government that institutes a SALES TAX on GROSS SALES without accounting for profit/loss will doom all businesses in its jurisdiction. A sales tax has never worked in the past, is not now working in the present, and never will work in the future, anywhere in the world! Obama has doomed all medical device manufacturers in America. DOOOOOMED I SAY!

/or not.

Maybe, maybe not,

However, I can tell you with absolute certainty that since ObamaCare was voted on, some of the largest medical manufacturing companies on the planet have all been feverishly working to move operations offshore. Last year alone I know of at least a few major production lines that have either been folded up completely or relocated to other countries.

Weather or not the tax increase would actually hurt the bottom line is irrelevant when the companies believe it will hurt them, and will do anything in their power to avoid paying up. The simple perception of danger is the real threat.

/supplier of manufacturing equipment for most of the larger medical manufacturing companies
//a large portion of our tech support last year was installation of machines to offshore plants.


It's a sales tax... offshoring won't prevent them from paying it.
 
2013-01-03 11:41:36 AM  

hbk72777: I did all I could at the voting booth. Now I'm going to be subservient and bow to the master. I'm taking all the free shiat I can, healthcare, dental, food stamps etc. I just looked it up today, it actually pays to stop working at my income level, I can get more free than what I work for.


Tell me how that goes for you. It must suck working minimum wage, but maybe the "free shiat" you should be going for is an education so you can get a better paying job and not have to consider whether you can get better benefits from not working.

I'm particularly interested in how you manage to score free dental, as that's something even the VA is pretty stingy with.
 
2013-01-03 03:28:25 PM  

Indubitably: Goddess of Atheism: Obama's plan has turned America's middle class into a starving coyote futilely chasing the road runner of prosperity through the desert of deprivation before running off the edge of the fiscal cliff and collapsing into the .... no. America is the deadbeat 47-percent coyote chasing the road runner of plush welfare benefits through the desert of godless values ... something something tax increase.

You aren't serious, sir?

For if you are: stfu, plz. u r trded.


(Sigh) I keep forgetting Poe's Law applies to everything, these days.
 
2013-01-04 05:43:56 PM  

Goddess of Atheism: Indubitably: Goddess of Atheism: Obama's plan has turned America's middle class into a starving coyote futilely chasing the road runner of prosperity through the desert of deprivation before running off the edge of the fiscal cliff and collapsing into the .... no. America is the deadbeat 47-percent coyote chasing the road runner of plush welfare benefits through the desert of godless values ... something something tax increase.

You aren't serious, sir?

For if you are: stfu, plz. u r trded.

(Sigh) I keep forgetting Poe's Law applies to everything, these days.


Awww, is this inter-tube/web thing getting too hard for you? *)

To Poe-it
 
Displayed 186 of 186 comments

View Voting Results: Smartest and Funniest

This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »
On Twitter






In Other Media


  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.

Report