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(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 64
    More: Fail, unintended consequences, Americans, mixed metaphors, tsunamis  
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13161 clicks; posted to Main » on 02 Jan 2013 at 6:01 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Smartest)
View Voting Results: Smartest and Funniest


Archived thread
2013-01-02 06:17:44 PM  
9 votes:

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 06:49:55 PM  
5 votes:

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 06:39:00 PM  
5 votes:

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 06:38:11 PM  
5 votes:

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 07:03:40 PM  
4 votes:
The typical markup on a medical device is 60%-100%.
2013-01-02 06:43:59 PM  
4 votes:

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 07:20:25 PM  
3 votes:
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 07:04:31 PM  
3 votes:
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 07:02:01 PM  
3 votes:

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 06:56:06 PM  
3 votes:

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 06:54:10 PM  
3 votes:

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 06:38:44 PM  
3 votes:

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 06:29:08 PM  
3 votes:

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 06:27:34 PM  
3 votes:

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 06:21:53 PM  
3 votes:

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 06:17:37 PM  
3 votes:
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 04:13:19 PM  
3 votes:
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 10:30:37 PM  
2 votes:
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 08:23:19 PM  
2 votes:

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 07:51:26 PM  
2 votes:
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 07:26:07 PM  
2 votes:
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 07:15:15 PM  
2 votes:
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 07:15:14 PM  
2 votes:

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 07:02:06 PM  
2 votes:
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 06:59:36 PM  
2 votes:

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 06:48:36 PM  
2 votes:

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 06:39:50 PM  
2 votes:
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 06:37:18 PM  
2 votes:

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 06:36:07 PM  
2 votes:

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 06:26:21 PM  
2 votes:
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 06:24:57 PM  
2 votes:

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


You can if you freeze it first.
2013-01-02 06:14:21 PM  
2 votes:
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 06:12:28 PM  
2 votes:
So I should just quit my job now so as to avoid paying all this extra money to Obama?
2013-01-02 04:56:41 PM  
2 votes:

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 03:26:17 PM  
2 votes:

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 03:19:08 PM  
2 votes:

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


Checkmate
2013-01-03 01:38:00 AM  
1 votes:
Hope and Change my ass
2013-01-02 10:01:08 PM  
1 votes:
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 08:37:07 PM  
1 votes:

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 08:22:24 PM  
1 votes:
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 08:12:28 PM  
1 votes:

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 07:39:14 PM  
1 votes:

Indubitably: The sound of rich people complaining about taxes:


Their shills, on the other hand?

*cue cacophony*
2013-01-02 07:30:33 PM  
1 votes:
She sounds butthurty.

Did Fox take over Forbes? That was a LOT of whining.
2013-01-02 07:22:52 PM  
1 votes:
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 07:22:07 PM  
1 votes:

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 07:16:09 PM  
1 votes:
The sound of rich people complaining about taxes:
2013-01-02 07:12:02 PM  
1 votes:
They're drinking from a fountain that's pouring like an avalanche coming down the mountain.
2013-01-02 06:55:38 PM  
1 votes:

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 06:48:01 PM  
1 votes:

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 06:46:08 PM  
1 votes:
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 06:46:00 PM  
1 votes:

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 06:43:13 PM  
1 votes:
img.photobucket.com

/i tried to warn you, i tried to warn you
2013-01-02 06:42:48 PM  
1 votes:

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


If Mythbusters can do it then... nevemind Congress can't do anything
2013-01-02 06:36:16 PM  
1 votes:

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 06:27:59 PM  
1 votes:

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 06:27:44 PM  
1 votes:

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 06:24:48 PM  
1 votes:
The GOP is more frustrated than a three legged cat trying to bury a turd on a frozen pond.
2013-01-02 06:13:58 PM  
1 votes:

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 06:10:09 PM  
1 votes:
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 06:07:01 PM  
1 votes:
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 06:06:01 PM  
1 votes:
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 04:53:11 PM  
1 votes:
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 04:21:25 PM  
1 votes:

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 02:52:46 PM  
1 votes:
If we hit that bullseye, the rest of the dominoes will fall like a house of cards
 
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