No New Taxes On Lower Income Lie !!

[jw]

Well the conservatives gave in on the cliff so that the middle and lower incomes pay would not go down but I got my 1st check today and I'm 3hrs short from Obama Care !!I have half a mind to go into the hand out system & work under the table

[Mad Jasper]

The interesting thing about the SS tax increase is that it's a increase that disproportionately affects the middle class more so than then rich.

The most wealthy one-percenter pays the same amount of SS tax that an middle-tax payer that makes $113,700.00. How that for tax fairness?

I'm resolved never to vote incumbent again.


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[Billyh79]

2% increase in social security ...

[Wildman]

The 2% payroll tax was part of Obamas stimulus plan. It started January 1, 2011. It was not very well received by either party and it just expired 12/31/12.

So its not a tax increase.

http://www.irs.gov/uac/Payroll-Tax-C...ble-on-IRS.gov

[captainfester]

exactly, this is not a new tax. it was a short term break given to help out. you are back to where you were 2 years ago.

[Mad Jasper]

Doesn't matter if its a new tax... it is a tax increase that affects the middle-class. A person making $40,000 a year will now have to work 5 days just to pay for the 2% SS tax increase.


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[Wildman]

An expiring stimulus plan is not a tax increase.

[Mad Jasper]

No, really, it is an increase. If a tax rate is currently 4.2%, but an expiring tax cut results in the increase of said tax rate to 6.2%, that is, by definition, a tax increase because i am now paying more in taxes.... now matter how the politicians frame it.

I guess it is how one perceives the money they earn.


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[Wildman]

So if you are getting government cheddar cheese every week for 2 years and then they stop giving it out is that an increase as well?

[Billyh79]

4.2% to 6.2% is an increase . Even though we were at 6.2% before and got a break for a couple of years the way I look at it is social security has gone back up " it has increased " !!!!!!!