I'm hoping that not much more changes. Jus got my first 2 week paycheck of the year and my taxws are up by $200. Thanks Dave.
So is most of that if not all due to the payroll tax cut that expired....the cut implemented initially by Obama in the first place during the Depression he inherited?
So with the Fiscal cliff on the verge what was your answer? I know one thing.... a guy making 400 K can easily adapt to his new reduced take home pay....compared to me and my wife and the rest of the middle class. But almost every GOP model said no higher taxes for their rich buddies unless the poor masses kicked in to the pot also....... so.... thank YOU sir!
What about the cuts in spending that your guy won't consider. Oh God we can't do without obama phones! What a crock!
Thing is.... the election proved the masses are starting to get it. Spending cuts typically affect one group the most... why the masses of course. If you cut social programs whose pocket does the money come from? Why... wouldn't you know it.... it's the masses! Damn.....took em long enough!
Certainly would Tom.... but the first place I would look is not as Paul Ryan would do and try to take it from the needy pockets of the middle class who can least afford it.
So it was Bush' fault. This is the mystery of the Obama supporters,; not the entitlement junkies but the people like Dave who should know better but continue to worship this carpetbagging son of bitch while he picks their pockets and lives a life of a mideast sultan. In his wildest dreams Dave would not run his household as this "president" runs this country. But if Barack does it, then it must be OK.
Just an opinion here but we all knew, no matter who ended up in the White house our taxes were going to be jacked up. It sucks and nobody wants a smaller net return to their hard work. My bitch is if you are going to grab more money spend it wisely and payoff some debt. ..
But Obama care is taking money from the middle class with such things as taxes on medical appliances and reductions in medical cafeteria accounts. Much as folks would like to blame the Pubs for stuff like that, they didn't even see the bill until less than 24 hrs. from the vote on it.
My wife and I will not be spending at least $ 8000 this year. I am reviewing expenses right now to see what gets shitcanned. Trickle down recession.
George, for Cindy and I, that figure is close to ours at $9100. We are down between the two of us, $350 per two week paycheck.
My wife and I will be receiving only 100.00 less every two weeks which is an indicator of how far from my peak earning years I have fallen since the Great Recession. I can only wish I was receiving 9100.00 less per year..... Congratulations on your earnings!
Surely that will help accelerate what is already the most tepid recovery in our recorded history. We are very close to stall speed as it is.....better than even money that if this administration plays "chicken" with the debt ceiling negotiations by refusing to engage in serious efforts to reduce federal spending, this economy will take a nosedive......and rather than exhibit some leadership and address the core of the problem, they will blame the republicans.... Mr. President, what are your plans to reduce federal spending to a level that is sustainable and consistent with a healthy private sector economy?
I do get it George. I realize that Obama's payroll tax cut was unsustainable in this deficit/fiscal cliff situation we are in. I also realize that that if I made 400K plus that 2% that I had to give back would be very manageable within my household budget if I made that much.......annoying true.......but very manageable and it certainly wouldn't derail any preset spending plans.
Dave, It looks at this point that I will never be making $400k plus, I'm sorry to let everybody down by announcing this... 8) But honestly I have had several chances to easily make that much or more. The only problem with me making this much money was the amount of debt I would put our family in. We speak of corporations and the wealthy like they are rolling in the doe eating caviar every other meal. The reality is most corporations are owned by every day Joe's with lots of debt behind the scenes. They are mortgaged out their ears and slaves to the several bankers that call them up once a month to just say hello and casually ask about their profit earnings. Yes on "paper" they are the Mercedes driving snobs that look down their noses at other Americans. In reality they are working 80 hours per week, calling the folks who they do business with to get paid and probably bringing in about $100k. Yes they have a few perks such as new vehicles and may even travel more than other folks but they really burn off years of their lives to see this happen. So the $400k number looks pretty good and its easy to assume that giving back the 2% would only be a minimal aggravation. But more than likely that 2% was the return on investment they had hoped to make that year and will be sorely missed...