The Senate Republicans caved. The House Republicans will also cave. There will be NO Obama "promised" spending cuts in the coming years. The Republican party has signed its own Death Certificate. I'll be looking at TEA party and Libertarian endorsed candidates in 2014.
For the first time in my life, I will NOT file a Federal tax return! You heard it here first.
So be it Marv, we underlings have no choice, we over paid our taxes and want some of it back.
I was taught to withhold as many dependents as I could, pay check was much lower but at the end of the year a nice return of $10,000 helps pay off cars and Mortgage to the house. I was warned that the buying power of what I deducted would be lower then had I banked the money to gain money or put into a 401K to make even more money.
I saw years when my 401K lost thousands of dollars a quarter. Can not deduct the loss of income due to the stock market. One can deduct losses to the lotto games and scratch tickets, but not that big gambol to the biggest game on earth.
One thing about giving more then required to the Feds, one learns to live on a budget from a smaller paycheck.
Everytime we have our heating gas bill, we pay a Fed. tax every time we buy cigarettes, or Booze, even with no state taxes we still have a add on tax to the bill that goes some where and why do I have to double pay for these taxes all ready taken from my pocket. ?
Very confusing to the average people out there that are old enough to remember when the interest on credit cards, homes, cars and bank loans, heating oil and even the Phone and all state and Fed. taxes could be deducted.
I am waiting to see when the Government puts a tax on the income tax return.