What (if any cuts) will you make after your taxes go up?

[QGator2414]

Originally Posted by viningsgator

The payroll tax hike is going to be brutal on the zombie Obama voters. Fellel sorry for the HR managers who are going to get overwhelmed with complaints that the company screwed up theirb pay check.

Honestly the new taxes wont affect our behaviour but I'd rather decide where it went then some no name DC slaker

I have told our employees to be prepared for a smaller net...

[urg8rbait]

Originally Posted by wgbgator

Unfortunately, not really. Whatever debt you accumulate is also an asset to someone else. It can be bought and sold, bundled with other debt, and needs to be serviced by someone during its life (creating jobs). Even if you fail to pay it, someone else will buy it for pennies on the dollar and try to collect it in order to profit. Welcome to capitalism.

Who said debt was a bad thing? In fact debt is an importantly good thing.

[GatorAbe7]

Originally Posted by mastoidbone

Between CA raising income tax, new ACA taxes, and SS, etc etc---what will you do or not do?

I will start by eating Lentils.

Seriously - for lunch at work I will eat a can of food that I've bought from the store for only $1-2 and wait for a larger meal when I get home for dinner.

I have already downsized by getting rid of my car, though savings won't kick in until the last of my insurance payments ($200 left) are paid off on my credit card.

[Row6]

Originally Posted by mastoidbone

Between CA raising income tax, new ACA taxes, and SS, etc etc---what will you do or not do?


1) I have cut my housekeeper days to save about $1200 a year
2) will take 1 less week of vacation (so less $ for plane, resort, etc)
3) have reduced my internet/cable/phone package to save $500 a year
4) will work 1 week extra
5) reduced landscaping needs and services i will pay for by about $800
6) will give less to local co-op that took local workers and trained them for manufacturing jobs and artisan skills that made then more productive---$2000


doing all that should allow me to have the same after tax income I had before. This will cost my local economy and my employees.....the opposite effect desired i would assume by Obama. But I assume I am not the only one.....

Far be it from me to question the personal choices made by others but since you offered them up, what's the point of maintaining the same after tax income if you'll be living in a filthy house and your French garden isn't properly clipped. BTW, I thought you claimed to favor tax increases yet the behavior described indicates a punitive reaction on your part. Why do you favor tax increases if your list is serious - which I doubt.

[neisgator]

As an owner of two small businesses, I will be cutting payroll, and not expanding my business.

[Row6]

Originally Posted by neisgator

As an owner of two small businesses, I will be cutting payroll, and not expanding my business.

Because of not wanting to pay another 4% tax on net income above $450k?

[neisgator]

Originally Posted by Row6

Because of not wanting to pay another 4% tax on net income above $450k?

That and further uncertainty...along with obamacare issues

[g8orbill]

Ihad a meeting with all my employees earlier this week to explain this prior to them receiving their first pay check of the year-they still groused when they got paid-all I said was hey you voted for the ........

[gatordowneast]

Haven't noticed any lefty libbies announcing budget cuts on the thread. I imagine they are determining if their guvmint checks will have deductions or increases prior to responding? When one has no intention of working, earning ordinary income and having to pay taxes, I imagine they are putting on their cheerleading skirts and cheering Obama on?

[Row6]

Originally Posted by g8orbill

Ihad a meeting with all my employees earlier this week to explain this prior to them receiving their first pay check of the year-they still groused when they got paid-all I said was hey you voted for the ........

Bill, if Obama hadn't been elected they never would have gotten the payroll tax they enjoyed for the last two years. C'mon man, you know this.

[Row6]

Originally Posted by QGator2414

I have told our employees to be prepared for a smaller net...

Because your employees make over $450k or because the Obama stimulus payroll tax ended?

[Row6]

Originally Posted by gatordowneast

Haven't noticed any lefty libbies announcing budget cuts on the thread. I imagine they are determining if their guvmint checks will have deductions or increases prior to responding? When one has no intention of working, earning ordinary income and having to pay taxes, I imagine they are putting on their cheerleading skirts and cheering Obama on?

Say what? How many on TH make over $450k or feel the SS holiday was a major part of their budget planning? Most here don't seem to understand they were even getting it. For those making over $450k, good for you, but if you want sympathy take it to the club house.

[QGator2414]

Originally Posted by Row6

Because your employees make over $450k or because the Obama stimulus payroll tax ended?

Because FICA was was almost certainly going up...

[ncbullgator]

Hey Row, is there ever a day when you can stop mocking the values of the posters who work hard and take personal responsibility for their lives? The changes they are making are healthy and sensible.

I don't think I have ever read where you criticize the laziness and ignorance of millions of Americans who demand their neighbors pay their bills.

[Row6]

Originally Posted by ncbullgator

Hey Row, is there ever a day when you can stop mocking the values of the posters who work hard and take personal responsibility for their lives? The changes they are making are healthy and sensible.

I don't think I have ever read where you criticize the laziness and ignorance of millions of Americans who demand their neighbors pay their bills.

Forgive me but I'm confused by the values of those bemoaning their fate for having to pay an extra 4% on income above $450k while mocking those lowly employees who might actually notice their Obama stimulus 2% SS holiday ending.

[g8orbill]

Originally Posted by Row6

Bill, if Obama hadn't been elected they never would have gotten the payroll tax they enjoyed for the last two years. C'mon man, you know this.

nor all the debt he has incurred
nor all the debt your beloved obamacare is going to cost us
nor all the additional taxes incurred because of your beloved obamacare

[AustinGator1]

Originally Posted by Row6

Forgive me but I'm confused by the values of those bemoaning their fate for having to pay an extra 4% on income above $450k while mocking those lowly employees who might actually notice their Obama stimulus 2% SS holiday ending.

I don't see anyone 'bemoaning' anything. I see many people answering the very straightforward question that started this thread.

I also did see you making fun of some of them while they shared some of the things they are doing to be fiscally responsible. Being such an apologist for Obama I am guessing you will have to go look up that last phrase.

Prices are going up and income will be going down this year. Spin it however you want but it all comes down to that.

You can either be prepared or you can make fun of those who are getting prepared.

[Row6]

Originally Posted by g8orbill

nor all the debt he has incurred
nor all the debt your beloved obamacare is going to cost us
nor all the additional taxes incurred because of your beloved obamacare

All that is why the SS tax holiday is ending? That is after all what you said you mentioned to them. I think you might have left out the part about how they never would have gotten it all without Obama and that if it wasn't a negotiating chip to get Republicans to agree to raise rates on those above $450k income they'd probably still have it.

[g8orbill]

row- I was against the tax holiday in the beginning as it was merely a ploy by the 47%ers prez to fulfill his campaign promise-

I love how they are upset about getting paid less and the fact that their and your beloved 47%ers prez agreed to the rise- I plan on telling them everytime they complain that they can thank the 47%ers prez

I wanted the pubs to stand firm and demand real cuts and get real cuts before they caved on this deal

there will be no real cuts and I will surprised if Harry Reid passes a budget-this is what the 47%ers wanted- let them reap what they have sewn

[Row6]

Originally Posted by AustinGator1

I don't see anyone 'bemoaning' anything. I see many people answering the very straightforward question that started this thread.

I also did see you making fun of some of them while they shared some of the things they are doing to be fiscally responsible. Being such an apologist for Obama I am guessing you will have to go look up that last phrase.

Prices are going up and income will be going down this year. Spin it however you want but it all comes down to that.

You can either be prepared or you can make fun of those who are getting prepared.

Yes paying an extra 4% on income above $450k is causing some serious belt tightening. Poor Biff will have to settle for an Acura instead of a Beamer for his senior year at Choate. And to hell with the new 1/4 mile boxwood hedge maze in the french gardens. It's worth it for the country and you know, the debt.