Senate-Passed Deal Means Higher Tax on 77% of Households

Discussion in 'Politics' started by Stephanie, Jan 2, 2013.

  1. Stephanie
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    Stephanie Diamond Member Supporting Member

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    oh well
    links in article at site


    SNIP:

    By Richard Rubin - Jan 1, 2013 12:54 PM CT.
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    The budget deal passed by the U.S. Senate today would raise taxes on 77.1 percent of U.S. households, mostly because of the expiration of a payroll tax cut, according to preliminary estimates from the nonpartisan Tax Policy Center in Washington.

    More than 80 percent of households with incomes between $50,000 and $200,000 would pay higher taxes. Among the households facing higher taxes, the average increase would be $1,635, the policy center said. A 2 percent payroll tax cut, enacted during the economic slowdown, is being allowed to expire as of yesterday.



    The heaviest new burdens in 2013, compared with 2012, would fall on top earners, who would face higher rates on income, capital gains, dividends and estates. The top 1 percent of taxpayers, or those with incomes over $506,210, would pay an average of $73,633 more in taxes.

    Much of that burden is concentrated at the very top of the income scale.

    all of it here
    Senate-Passed Deal Means Higher Tax on 77% of Households - Bloomberg
     
  2. Truthmatters
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    Truthmatters BANNED

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    I thought you were all worried about the deficit?

    your memes keep bumping into each other huh
     
  3. Moonglow
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    Moonglow Diamond Member

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    I think they just like to bitch and moan over anything.
     
  4. Stephanie
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    Stephanie Diamond Member Supporting Member

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    well fer sure we people should just sit back and shut up while this government taxes the SHIT out of us
     
  5. Seawytch
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    Seawytch Information isnt Advocacy

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    Just yesterday, one of you nutters was defending the expiration of the payroll tax holiday saying that it was robbing SS for the future. Make up your goddamn minds!!!

    Oh, you have made up your minds. In your minds everything is the President's fault.
     
  6. RDD_1210
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    RDD_1210 Forms his own opinions

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    Since you're one of the 47% who "pays no taxes" it's about time you paid something.....right?
     
  7. NYcarbineer
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    NYcarbineer Diamond Member

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    There were a couple threads or more recently about how in the last 2 years Social Security ran deficits for the first time in ages; that wasn't technically true, but the deficit they were referring to would have been paid for and then some if there never had been a payroll tax cut.
     
  8. NYcarbineer
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    NYcarbineer Diamond Member

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    For those of you trying to pass this off as an Obama tax increase, try to use your brain for 2 minutes -

    If the payroll tax had never been touched in the last 4 years, you could not have said Obama raised the payroll tax, and yet,

    you would have paid MORE in payroll taxes.

    You did in fact pay LESS in payroll taxes in the past 4 years, and yet you want to call this an Obama tax increase.

    That is idiocy.
     
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  9. nodoginnafight
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    nodoginnafight No Party Affiliation

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    Rather than use this as a political football, why not voice some constructive ideas about how we close the gap between our S.S. obligations and our S.S. revenue?
     
  10. Stephanie
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    Stephanie Diamond Member Supporting Member

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    oh no, you don't get to play that...
     

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