RB TexLa (15,862 posts)
It would be nice if we called the fiscal cliff what it really is:
Sacrifice
That is now such a dirty word in America. At one time it was an American value. But not anymore.
What's expiring includes some $500 billion in tax cuts.
Higher tax brackets: The lowest 10% bracket would disappear, and the highest would rise from 35% to 39.6%.
Higher payroll taxes: The "payroll tax holiday" of the past two years will expire, raising workers' Social Security contributions to 6.2% of their paychecks from the current 4.2%.
Higher rates on capital gains (from a current 15% maximum to a 20% maximum) and dividends (from a current 15% to as high as 43.4%).
Significantly lower child and dependent care tax credits.
The return of the so-called marriage penalty.
The end of temporary fixes that keep nearly 30 million families from having to pay the dreaded alternative minimum tax.
Dramatically lower gift and estate tax exemptions (the limits will plunge from $5.12 million to $1 million) and higher tax rates on transfers in excess of those limits (from a maximum 35% to a maximum 55%).
Across-the-board spending cuts ("sequestration") to most discretionary programs as directed by the Budget Control Act of 2011
Expiration of measures delaying the Medicare Sustainable Growth Rate from going into effect (the "doc fix"), as extended by the Middle Class Tax Relief and Job Creation Act of 2012 (MCTRJCA)
Expiration of federal unemployment benefits, as extended by MCTRJCA and
The Tax Policy Center estimates that the end of virtually every tax cut enacted since 2001 would boost taxes an average $3,500 per household. Middle-income families would see an average annual tax increase of almost $2,000, the center said.
Loge23 (3,041 posts)
1. It's more than that in reality
Yes, tax reform is needed. But the bigger picture for this debate is the ******* republicans, who have plundered this country and shoveled an inordinate amount of wealth to their benefactors now holding all of us hostage for the rest.
After stealing the country's wealth, they now have the ******* nerve to try and blame it on the only real good thing that the government has ever done for it's people: share it.
No one in this country should be on the fence anymore about just who really represents them. The republicans, in an intelligent nation, would be run out with torches and picks. They are the absolute worst enemy this country has ever faced.
RB TexLa (15,862 posts)
...Dramatically lower gift and estate tax exemptions (the limits will plunge from $5.12 million to $1 million) and higher tax rates on transfers in excess of those limits (from a maximum 35% to a maximum 55%)...
RB TexLa (15,862 posts)
It would be nice if we called the fiscal cliff what it really is:
Sacrifice
That is now such a dirty word in America. At one time it was an American value. But not anymore.
RB TexLa (15,862 posts)
It would be nice if we called the fiscal cliff what it really is: You are correct. Too much government spending!!!
Sacrifice
That is now such a dirty word in America. At one time it was an American value. But not anymore. Thanks to you moochers. Oh it is still an American value... just not as much as it used to be thanks to you dummies that won't support yourself.
What's expiring includes some $500 billion in tax cuts.
Higher tax brackets: The lowest 10% bracket would disappear, and the highest would rise from 35% to 39.6%. Wait, wait, wait a damned minute here!!!! I thought they were all tax cuts for the rich!!!! That is what you lazy bastards and your masters in the dem party have been saying for years!!!
Higher payroll taxes: The "payroll tax holiday" of the past two years will expire, raising workers' Social Security contributions to 6.2% of their paychecks from the current 4.2%. Obumbles idea. You own it, dummies!!!
Higher rates on capital gains (from a current 15% maximum to a 20% maximum) and dividends (from a current 15% to as high as 43.4%). Might as well spend your money instead of saving it. Oh wait, aint that what got us in these dire straights now?
Significantly lower child and dependent care tax credits. Those eeevil Bush tax cuts for the rich again!!!!
The return of the so-called marriage penalty. Those eeevil Bush tax cuts for the rich again!!!!
The end of temporary fixes that keep nearly 30 million families from having to pay the dreaded alternative minimum tax. Eeevil one percenters!!! Pay that AMT!!!!
Dramatically lower gift and estate tax exemptions (the limits will plunge from $5.12 million to $1 million) and higher tax rates on transfers in excess of those limits (from a maximum 35% to a maximum 55%).
Across-the-board spending cuts ("sequestration") to most discretionary programs as directed by the Budget Control Act of 2011 What part of we are broke do you not understand? Oh wait... you're dummies.
Expiration of measures delaying the Medicare Sustainable Growth Rate from going into effect (the "doc fix"), as extended by the Middle Class Tax Relief and Job Creation Act of 2012 (MCTRJCA)
Expiration of federal unemployment benefits, as extended by MCTRJCA and
The Tax Policy Center estimates that the end of virtually every tax cut enacted since 2001 would boost taxes an average $3,500 per household. Middle-income families would see an average annual tax increase of almost $2,000, the center said. Wait, wait, wait!!!!! I thought they were only tax cuts for the rich?!?!?!
It would be nice if we called the fiscal cliff what it really is:
I'm getting a little bit concerned as a DUchebag and I are thinking along the same lines. It's going to be time to have those 47%ers putting some skin in the game. The one and only reason that 0bama got reelected is because many were not feeling the folly of a marxist's reign of economic terror for the last four years.
Loge23 (3,041 posts)
1. It's more than that in reality
Yes, tax reform is needed. But the bigger picture for this debate is the ******* republicans, who have plundered this country and shoveled an inordinate amount of wealth to their benefactors now holding all of us hostage for the rest.
After stealing the country's wealth, they now have the ******* nerve to try and blame it on the only real good thing that the government has ever done for it's people: share it.
No one in this country should be on the fence anymore about just who really represents them. The republicans, in an intelligent nation, would be run out with torches and picks. They are the absolute worst enemy this country has ever faced.
I'm getting a little bit concerned as a DUchebag and I are thinking along the same lines. It's going to be time to have those 47%ers putting some skin in the game. The one and only reason that 0bama got reelected is because many were not feeling the folly of a marxist's reign of economic terror for the last four years.
The only real good thing that the government has ever done for it's people...spend itself into unimaginable debt.
I feel it needs to happen. Taxes need to go up on everyone and I do mean everyone! Only then will the voters decide that the government needs to cut spending.
The best thing that could happen is they start taxing welfare. If the welfare pukes ain't got enough to pay, then take their EIC and whatever other tax welfare they get so their tax rebate comes in as a big fat zero. Then you will see a change. Until then, not too much.
The Vacation Cliff: What's at Stake
President Obama is planning a nice 21 day vacation from December 17 through January 6th, 2013. Year after year, the President has had to DELAY his Hawaii vacation due to the failure of Congress to get their work done on time. This year, the nation faces an impending fiscal cliff at the end of the year if Congress does not act.
The Republicans know that the President cannot depart on his vacation until this is resolved and are using that to their advantage. Please keep the President and our nation in your prayers during this difficult time.
The one and only reason that 0bama got reelected is because many were not feeling the folly of a marxist's reign of economic terror for the last four years.
It would be nice if we called the fiscal cliff what it really is: ......a return to Bill Clinton era tax rates.
Don't the DUmmies know the President needs to leave on vacation soon?(http://whitehouse.gov1.info/blog/blog_post/hawaii-photos/obama-oval-office-hawaii.jpg)
Vacation 2012 (http://whitehouse.gov1.info/blog/blog_post/agenda-hawaii.html)
(http://www.elvisblog.net/wordpress/wp-content/uploads/2012/10/Obama-Blue-Hawaii1.jpg)