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#3137028 - 01/24/13 08:57 AM Yobuma's taxes that went into effect Jan 1
Chaneylake
Brownsville Mafia
16 Point


Registered: 12/18/07
Posts: 16301
Loc: on the wings of a snow white d...

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this is an actual example

person making $60,000.00 in 2012

gets a 2% pay raise on Jan 1, 2013 = $1200.00

yet has an additional $1976.00 taken out for taxes
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#3137030 - 01/24/13 08:59 AM Re: Yobuma's taxes that went into effect Jan 1 [Re: Chaneylake]
trealtree
16 Point


Registered: 09/29/04
Posts: 10694
Loc: Middle Tennessee

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Too bad most people are not getting raises. looks like most people just got a substantial pay cut.
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#3137045 - 01/24/13 09:04 AM Re: Yobuma's taxes that went into effect Jan 1 [Re: trealtree]
gasman
8 Point


Registered: 07/21/11
Posts: 1267
Loc: South of the Hatchie

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Sucks don't it!!!!
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#3137049 - 01/24/13 09:08 AM Re: Yobuma's taxes that went into effect Jan 1 [Re: gasman]
waynesworld
8 Point


Registered: 05/13/12
Posts: 1470
Loc: Mboro, Tennessee

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Chaney what new taxes are you talking about?
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#3137054 - 01/24/13 09:11 AM Re: Yobuma's taxes that went into effect Jan 1 [Re: waynesworld]
Chaneylake
Brownsville Mafia
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Registered: 12/18/07
Posts: 16301
Loc: on the wings of a snow white d...

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 Originally Posted By: waynesworld
Chaney what new taxes are you talking about?


I do not know enough to talk about it, I guess its the Bush tax thingy that went away on Jan 1, 2013.

the example that I posted was told to me by a personal friend last night.

I am retired and have enough rightoffs that I basically do not pay any fed income taxes
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"Don't piss down my back and tell me its rain", Fletcher, Outlaw Josey Wales

Living somewhere between this world and the other, Legends of the Fall

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#3137060 - 01/24/13 09:16 AM Re: Yobuma's taxes that went into effect Jan 1 [Re: waynesworld]
de novo
10 Point


Registered: 07/21/08
Posts: 3994
Loc: Middle TN

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 Originally Posted By: waynesworld
Chaney what new taxes are you talking about?


Major portion of that is the employee is now responsible for their part of their own Social Security/Medicaid deductions. Obama and the idiot Republicans enacted a "holiday" for this deduction just long enough to get through the election.

There are dozens of hidden taxes for Obamacare that will indirectly impact middle class Americans immediately.
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#3137096 - 01/24/13 09:32 AM Re: Yobuma's taxes that went into effect Jan 1 [Re: de novo]
Wes Parrish
16 Point


Registered: 06/12/02
Posts: 18645
Loc: Knoxville-Dover-Union City, TN

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 Originally Posted By: de novo
There are dozens of hidden taxes for Obamacare that will indirectly impact middle class Americans immediately.

Those hidden taxes within ObamaCare are a much bigger tax increase on the Middle Class than this 2% mentioned on payroll.

A tax is a tax, regardless of whether it's imposed on income, property, or the sale of something. ObamaCare contains the biggest tax increase in history within it, most of which will be paid by the Middle Class. When those who make a product are levied a huge tax (per ObamaCare), that "tax" is added onto the price of the products (most of which are used by the Middle Class).

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#3137105 - 01/24/13 09:39 AM Re: Yobuma's taxes that went into effect Jan 1 [Re: de novo]
waynesworld
8 Point


Registered: 05/13/12
Posts: 1470
Loc: Mboro, Tennessee

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Ya I know we will be paying it but most do not know who is responsible for which increase. De novo hit the "increase" everyone is seeing now. That was not an increase really just stupid policy to pay the masses off to keep quite tell after the election. The bush tax thingy most will not see this. What effect this has on us the masses is that the "evil rich" will make financial decisions based on the current law. This means when they look at two investment opportunities the tax implications is taken into consideration. So if they chose rather then invest in "Capital" type projects or just bank the money in non capital type investments they will chose the non-capital type because the risk/reward. The main taxes/cost that we will see from O is not even close to starting to be seen, but it will be hidden in a lot of cost increases.
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#3137106 - 01/24/13 09:39 AM Re: Yobuma's taxes that went into effect Jan 1 [Re: Wes Parrish]
jb3
10 Point


Registered: 02/23/09
Posts: 3995
Loc: Burns, TN

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Everyone got a raise when Bush was in office, but now we're going back to where we were before. I wasn't in favor of it when if first happened because you knew it would only last so long. With an original expiration date of 2010, I thought we'd go back sooner than later.
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#3137129 - 01/24/13 09:46 AM Re: Yobuma's taxes that went into effect Jan 1 [Re: jb3]
Kimber45 Moderator
Peace Maker
16 Point


Registered: 07/10/08
Posts: 16637
Loc: Close to Jackson, TN

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Until deadbeat giveaway programs start being stopped - until the # of politicians is cut in half, the middle class will overpay for the bulk of everything, as always, and it will only continue to get worse.

Edited by Kimber45 (01/24/13 09:47 AM)
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