Middle-Earners To Be Hit Hardest By Tax Deal : 80% To See Tax Increases.

Originally Posted by Stankia

What does Obama have to do with anything? Democrats AND Republicans came up with this plan and Obama just signed it because ANYTHING was better than going over the fiscal cliff...

Obama has nothing to do with anything or any power. He cannot veto a bill.

Originally Posted by NFRs2000nyc

I google imaged fiscal cliff but couldn't find it. Seems to me it's just a made up cliff. I'd love to drive my jeep to it.

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

Originally Posted by Green_Shine

Obama has nothing to do with anything or any power. He cannot veto a bill.

Yes he can, but like I said, going over the fiscal cliff would have been far worse than what we have now, I can only imagine what the outrage would have been if Obama vetoed the bill, on both sides.

Originally Posted by casino is no lie

Social Security tax rate of 4.2% was never intended to be permanent. Reinstating it to 6.2% is nothing new. You pretend as if we didn't see this coming. This entire debate reminds me of employees who became comfortable consistently earning overtime. Their lifestyles adjusted to the extra income and then they became dependent on it. During the economic downturn in 2008/2009, they were told they could no longer work extra hours and thus their ability to earn overtime disappeared. Suddenly they found themselves in the red.

Americans got too comfortable with the temporary measure intended to help them that their life style adapted to the extra income. As a result, they became dependent.

It's time to readjust and be responsible. If you don't like paying 6.2%, then demand from your representatives and President a social security system that either costs less or tell them to find the extra money to fund it else where. Whether that's cutting new programs or raising other taxes, so be it.

Brb. Writing a letter as to why I think SS should be fixed or entirely abolished. I feel responsible enough to handle my own retirement and not have the government stick its grimy deceiving fingers in it.

Originally Posted by bimmerfan08

Brb. Writing a letter as to why I think SS should be fixed or entirely abolished. I feel responsible enough to handle my own retirement and not have the government stick its grimy deceiving fingers in it.

What? Personal responsibility? GTFOut of here with that sh!t.

Originally Posted by NFRs2000nyc

What? Personal responsibility? GTFOut of here with that sh!t.

Very few people know what that means anymore.

Originally Posted by Stankia

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



Yes he can, but like I said, going over the fiscal cliff would have been far worse than what we have now, I can only imagine what the outrage would have been if Obama vetoed the bill, on both sides.

Obama was going to veto the 1 million dollar tax bracket bill.

Originally Posted by bimmerfan08

Very few people know what that means anymore.

You mean someone like myself who makes 6 figures a year, drives a paid off 11 year old e46 and doubles up mortgages payments on a 15 year fixed while steadily pouring money into retirement? Yeah buddy.

For a second I read the thread title as "Middle-Earthers" and felt sorry for poor Frodo and Sam.

Although you know Gandalf ain't payin' no taxes, 'cause he's a badass.

Originally Posted by VaderDave

For a second I read the thread title as "Middle-Earthers" and felt sorry for poor Frodo and Sam.

Although you know Gandalf ain't payin' no taxes, 'cause he's a badass.

Originally Posted by Lair

Did you just make that?

Stole it from http://drawception.com/viewgame/mAEL...oes-his-taxes/

It's still hilarious.

Originally Posted by bimmerfan08

Brb. Writing a letter as to why I think SS should be fixed or entirely abolished. I feel responsible enough to handle my own retirement and not have the government stick its grimy deceiving fingers in it.

Then do it. The SS tax (that has always been levied on you) shouldn't prevent you from doing so.

Originally Posted by bimmerfan08

Brb. Writing a letter as to why I think SS should be fixed or entirely abolished. I feel responsible enough to handle my own retirement and not have the government stick its grimy deceiving fingers in it.

Do it. Republicans that rely on it will hate you :rolf:

http://www.thenation.com/article/171830/proposed-social-security-bargain-makes-no-sense-elderly

It's funny that Obama wants to raise the new tax rate for people earning as little as 250k a year, but Congress earns about 200k a year.
They never seem to legislate items against their own interest.

Originally Posted by Raymond42262

It's funny that Obama wants to raise the new tax rate for people earning as little as 250k a year, but Congress earns about 200k a year.
They never seem to legislate items against their own interest.

Are you upset that Congress doesn't earn enough or that Obama isn't requesting low enough of a tax bracket on which to raise taxes?

Originally Posted by 'busa

Are you upset that Congress doesn't earn enough or that Obama isn't requesting low enough of a tax bracket on which to raise taxes?

Lol

Taxation is theft.

Prosecute.

Originally Posted by Raymond42262

It's funny that Obama wants to raise the new tax rate for people earning as little as 250k a year, but Congress earns about 200k a year.
They never seem to legislate items against their own interest.

I wish I made as "little" as $250k a year, or even half that. Getting one's top bracket rate above $250K (much less $400k) upped a few percent sounds like a real First World/1% problem.

Originally Posted by tock172

Taxation is theft.

I want to punch people who say this.