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2% Tax Raise
know1
Posts: 6,763
Just got the email from HR this morning that our next paychecks will have a 2% increase in taxes due to the social security tax being raised.
I thought they weren't going to raise taxes on middle class Americans?
Our government is evil.
I thought they weren't going to raise taxes on middle class Americans?
Our government is evil.
The only people we should try to get even with...
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
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NPR ran an interesting bit about this:
http://www.npr.org/2013/01/01/168417033/cliff-deal-would-end-payroll-tax-holiday
Seems my preconceptions are what should have been burned...
I AM MINE
This is the same question I'm screaming. I personally voted against ALL incumbents - no matter what party - in the last 2 elections. I don't understand why there isn't a big movement for everyone to do the same.
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
People hate congress as a whole, but love their own representatives.
BINGO!!!
The basic sentiment in America is, "Vote the bastards out!!! (while I vote for the guy I voted for last time because I recognize his name)."
Hail, Hail!!!
Right! Pretty soon we have guys sitting there for decades!
Seriously, there is no way for the country to move forward without raising taxes. Why is it that no one sees this?!
Well, it is exactly right, but I have a different view on the reason - it's that folks like when they get stuff, but not when others get stuff. So, when Chuck E. Cheese is able to get NY a big chunk of change (Sandy relief aside, though not entirely b/c anyone could have lobbied that one), NYers love him. But, when West Virginia Coal Mines get a break, NYers hate Congress.
I like my pork. I just don't like your pork.
There is - reduce entitlement programs. For, example, this 2% is directly to fund Social Security instead of borrowing from the general "fund" (Which really doesn't exist since it seems more than half the population is just fine with Trillion $ a year deficits).
Not saying Soc Sec should be effected (But not saying it shouldn't). Just answering your query. The Republicans see the answer to your question. But, you don't seem to like the answer.
Cut spending. You can move forward without raising taxes.
From what I understand... the Social Security taxes are not 'being raised', they are returning to the levels they were at prior to G.W.Bush's cuts. That was part of the magic of the Bush era... we seemed to be doing better because we weren't paying for things, in this case, funding Social Security.
Think about it this way... you set aside money to replace the roof on your house, 15 years from now. For the past 10 years, instead of putting away that money, you spent it on things you like... like ice cream and Sizzler dinners. Life was good because you were eating at Sizzler all the time and having ice cream for dessert.
But, you weren't funding the future cost of a roof replacement and it is coming time to replace that roof. So, you re-start your previous savings habit and are forced to give up the Sizzler dinners and ice cream desserts.
Hail, Hail!!!
Wrong. The 2% holiday was approved in 2011. But, keep trying. Kind of funny that even tax reductions are being BLAMED on Bush.
I stand corrected.
Thank you for that.
Hail, Hail!!!
http://www.businessinsider.com/study-ta ... z2GwQDJBHd
THE TRUTH ABOUT TAXES: History Suggests High Tax Rates On Rich People Do Not Hurt The Economy
http://www.businessinsider.com/history- ... very-low-1
No, you and republicans don't like the answer, because it means tax cuts aren't increasing.
the DoD budget was cut $24B about 5%...
What fun would going to war for no reason be... if we had to pay for it? That's the reason why we have kids.... so we can blow stuff up on their dime. I think Iran has some stuff that we want to blow up... so get busy parents... make more kids so we can blow up more shit.
Hail, Hail!!!
This 2% is a restoration of previous levels. JUst like the Bush Cuts SHOULD have been. On everybody.
Oh and cut some fucking spending too. EVERYWHERE!!!!!
This was a bullshit fucking deal meant to secure their fucking seats next election cycle. Nothing more.
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
AND WHAT ARE YOU GOING TO DO ABOUT IT???
I'd like to enact a particular soundgarden song/. Guess which one.
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
a break on their Federal Social Security rate that is now going back up.
Can it be the employers turn now? Boost the economy ... I thought not.
That's just spin. It's raising taxes. I cannot be convinced otherwise.
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
We need to get more people to do this. I've done it 2 elections in a row, but I don't think anyone else is.
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
How much revenue are the taxes bringing in? How much is the deficit THIS year? It's not even spitting in the ocean.
So, are you saying taxes should have gone up for everyone?
Was there a serious, detailed Republican plan to cut spending?
"...I changed by not changing at all..."
Because so much money is wasted now; people think why give the government more.
According to the non-partisan Congressional Budget Office, the legislation that http://washington.cbslocal.com, at a cost of $7 million to taxpayers, raises $43 in new taxes for every $1 in so-called spending cuts.
Learn more: http://www.naturalnews.com/038541_tax_d ... z2GwyEpIH2
No. I did have it wrong... but, the 2% rate change is a return to previous levels:
(ref. http://www.savingtoinvest.com/2010/12/2 ... ended.html )
"As part of Bush-era tax cuts extension legislation (Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010), a number of new tax breaks were made available. One was a temporary one year cut in employee payroll taxes, which funds Social Security and Medicare, of 2% during 2011. The current rate is 6.2%, which will be 4.2% of wages paid next year, and equates to a $1000 saving for the average American employee."
Also...
(ref. http://www.nfsnet.com/2012/02/social-se ... in-at.html )
Congress has voted in favor of extending for the entire year of 2012 the temporary reduction in the employee's portion of the Social Security tax. Currently, employees pay 4.2% of their wages in Social Security taxes, a rate that has been in effect since January 2011 and was scheduled to expire at the end of February 2012. HR 3630, the Middle Class Tax Relief and Job Creation Act of 2012, extends this 4.2% rate through the end of 2012.
So, you were paying 6.2%... which was temporarily cut to 4.2% during the Bush Administration... extended for 2011... and again for 2012... and has returned to 6.2%.
...
Now... what you did with that 2% during that period... that's up for a spin.
Hail, Hail!!!
I don't understand why the 2% was decreased in the first place. Social security is hurting the way it is....so what do we do? CUT revenue to it? wtf?
your subject line is deceiving by the way. There is no "2% tax raise". Its merely putting the 6.2% social security tax back to where it was forever. Or at least since 1986. I think.
Everybody celebrates "tax cuts" without realizing all we're doing is robbing from our children & grandchildren & their children. Somebody's gonna have to pay.....
And politicians play on our stupidity by "celebrating" "tax cuts" and use them as bargaining chips. And we all play along....yay! We're all stupid!
Sorry if I offended anybody who bemoans this "2% tax raise"......