Tax Pinches Those Who Earn the Least

[mocgator]

Taxes will go up only on people making $250K or more. I love it when people who voted for obama get punched in the face by his leftist marxist statist plans. I giggle out loud and high five anyone around me.

Now... the payroll tax cut should never have happened anyways but it did. The interesting part is that this tax increase is on low income people who actually work. It may well drive more people on to entitlement programs that would otherwise not be. Maybe that's obama's plan. Could very well be.

Elections have consequences.....

http://www.nytimes.com/2013/02/08/bu....html?hp&_r=1&

Like millions of other Americans, they are feeling the bite from the sharp increase in payroll taxes that took effect at the beginning of January. There are growing signs that the broader economy is suffering, too.

Chain-store sales have weakened over the course of the month. And two surveys released last week suggested that consumer confidence was eroding, especially among lower-income Americans.

“If you wanted to design a policy to squeeze the spending of lower- and middle-income households, raising the payroll tax is the way to do it,” said Ian Shepherdson, chief economist at Pantheon Macroeconomic Advisors. “It’s very regressive.”

[enviroGator]

Originally Posted by mocgator

Taxes will go up only on people making $250K or more. I love it when people who voted for obama get punched in the face by his leftist marxist statist plans. I giggle out loud and high five anyone around me.

Now... the payroll tax cut should never have happened anyways but it did. The interesting part is that this tax increase is on low income people who actually work. It may well drive more people on to entitlement programs that would otherwise not be. Maybe that's obama's plan. Could very well be.

Elections have consequences.....

http://www.nytimes.com/2013/02/08/bu....html?hp&_r=1&

Like millions of other Americans, they are feeling the bite from the sharp increase in payroll taxes that took effect at the beginning of January. There are growing signs that the broader economy is suffering, too.

Chain-store sales have weakened over the course of the month. And two surveys released last week suggested that consumer confidence was eroding, especially among lower-income Americans.

“If you wanted to design a policy to squeeze the spending of lower- and middle-income households, raising the payroll tax is the way to do it,” said Ian Shepherdson, chief economist at Pantheon Macroeconomic Advisors. “It’s very regressive.”

I'll type slow so that maybe you can understand...

The expiration of a temporary tax cut is not a tax increase.

A temporary tax cut that this president gave by the way...

[rpmGator]

Can't for the life of me figure out how sales have gone down since Christmas has passed.

[mocgator]

Originally Posted by enviroGator

I'll type slow so that maybe you can understand...

The expiration of a temporary tax cut is not a tax increase.

A temporary tax cut that this president gave by the way...

I said it should never have been given in my original post.

Try to explain any of this to the low information voter... All they see is money out of their pay check...

[enviroGator]

Originally Posted by mocgator

I said it should never have been given in my original post.

Try to explain any of this to the low information voter... All they see is money out of their pay check...

Yeah your OP really sounded like that was your point... SMH

Originally Posted by mocgator

Taxes will go up only on people making $250K or more. I love it when people who voted for obama get punched in the face by his leftist marxist statist plans. I giggle out loud and high five anyone around me.

Now... the payroll tax cut should never have happened anyways but it did. The interesting part is that this tax increase is on low income people who actually work. It may well drive more people on to entitlement programs that would otherwise not be. Maybe that's obama's plan. Could very well be.

Elections have consequences.....

http://www.nytimes.com/2013/02/08/bu....html?hp&_r=1&

Like millions of other Americans, they are feeling the bite from the sharp increase in payroll taxes that took effect at the beginning of January. There are growing signs that the broader economy is suffering, too.

Chain-store sales have weakened over the course of the month. And two surveys released last week suggested that consumer confidence was eroding, especially among lower-income Americans.

“If you wanted to design a policy to squeeze the spending of lower- and middle-income households, raising the payroll tax is the way to do it,” said Ian Shepherdson, chief economist at Pantheon Macroeconomic Advisors. “It’s very regressive.”

[rivergator]

So,Moc, you're saying the payroll tax cut never should have happened in the first place ... and you're complaining that it was removed?

[mocgator]

Originally Posted by rivergator

So,Moc, you're saying the payroll tax cut never should have happened in the first place ... and you're complaining that it was removed?

No... it's funny that these people are upset about it. I'm sure that they new the tax cuts were temporary.... They are learning that tax increases will effect their disposable income and the economy.

It's a valuable teaching moment for these folks...

Taxes decrease economic activity.

Elections have consequences.

Good lessons learned.

[PSGator66]

Taxes have gone up and I can speak for myself that my paycheck has gone down.

[wgbgator]

Originally Posted by mocgator

No... it's funny that these people are upset about it. I'm sure that they new the tax cuts were temporary.... They are learning that tax increases will effect their disposable income and the economy.

It's a valuable teaching moment for these folks...

Taxes decrease economic activity.

Elections have consequences.

Good lessons learned.

So when the GOP let the payroll tax holiday expire had they won, the same lesson would have been imparted, right?

[Row6]

Speaking of low information voters ....

[fredsanford]

The faux concern for the poor is non-touching.

Everyone would have let those cuts expire, so blaming Obama is silly.

[Itssaul]

Originally Posted by fredsanford

The faux concern for the poor is non-touching.

Everyone would have let those cuts expire, so blaming Obama is silly.

Faux concern? Moc is laughing, giggling, and enjoying seeing the poor suffer. He wants Obama to fail just so he and his buddies can "high-five" for a good weekend while the nation suffers. Despicable.

[mocgator]

Originally Posted by Itssaul

Faux concern? Moc is laughing, giggling, and enjoying seeing the poor suffer. He wants Obama to fail just so he and his buddies can "high-five" for a good weekend while the nation suffers. Despicable.

It was only a matter of time... I don't enjoy seeing the poor suffer. I'm the most charitable person here. I do enjoy seeing people finally realizing the consequences of their decisions.... It's an awakening...

Elections have consequences right?? Like insane unemployment... negative GDP... $4 dollar gasoline...

Where do you think the blame lies after 4 years?? Bush right? Obama doesn't care about the poor or he would have implemented initiatives to positively impact these figures. But that would go against his Marxists teachings... Choices... So let's talk about gays and gun control... that will help..

[Itssaul]

Originally Posted by mocgator

It was only a matter of time... I don't enjoy seeing the poor suffer. I'm the most charitable person here. I do enjoy seeing people finally realizing the consequences of their decisions.... It's an awakening...

Elections have consequences right?? Like insane unemployment... negative GDP... $4 dollar gasoline...

Where do you think the blame lies after 4 years?? Bush right? Obama doesn't care about the poor or he would have implemented initiatives to positively impact these figures. But that would go against his Marxists teachings... Choices... So let's talk about gays and gun control... that will help..

Then stop with your walk-around-the-carcass-with-your-chest-out posts. Makes you seem like a horrible person. Seriously, no one wants a gloater.

It seems to me like Unemployment, GdP, and gasoline have all been stagnant for some time now. ( regardless of the 50% Unemployment doomsday-by-next-month posts I've seen.)

Blame? Congress, they can't do anything and survive by kicking the can down the road. I don't think you know what Obama cares about. Being a liberal does not make you Marxist. Seriously... Keynesian is a more applicable term. And if you were being oppressed and denied rights, then it'd be kind of a big deal to you. But no, you are white, straight, and religious. You won the genetic lottery. You don't have to worry about a racist boss who won't promote you because of your skin ( same with gays). You were never beat up as a little kid ( very scarring I've heard) because you we're born with a different predisposition. And don't even try the whole sanctity of marriage thing. 1) fine don't call it marriage, call it a union of 2 men for equality. And 2) marriage has fallen to such a piss poor example of what it should be. Marriage has been raped, used, and then pounded some by those who decide to marry 4-6 times and each time cheating, and drinking all the love away( if there ever is love to begin with) . Marriage today is a joke. Gays would only make it better. Gun control, well is a popular thing to talk about today because 'of all the shooting'. Try to take the guns away from people and it ends badly, so they won't. Seriously, people are so worried about an assault weapon ban when they already have them. No one will come to your house, open your (hopefully in a safe) safe, and take it leaving a voucher behind.

The ONLY thing that can help is the republican/tea party focusing on fiscal campaigns. Give liberals all they want on social issues for the keys to the economy. ( this spending is seriously astounding and yes that means defense and entitlements)

[PSGator66]

This will keep people from working beyond a certain income level. Obamacare will also eliminate the incentive to get a job to recieve health insurance.

http://www.cnn.com/2013/02/08/opinio...tml?hpt=hp_bn7

[108]

Moc just looking for a reason to b!tch

the temporary tax cut was to put more demand into an economy in free fall, but the loss of revenue during the aftermath of the crisis all went to the nations CC...while the economy is still fragile, at some point, we need to start recouping revenue

but im glad Moc suddenly feels charitable to that 47%

[enviroGator]

Originally Posted by PSGator66

This will keep people from working beyond a certain income level. Obamacare will also eliminate the incentive to get a job to recieve health insurance.

http://www.cnn.com/2013/02/08/opinio...tml?hpt=hp_bn7

That is an interesting study.

Calling it a "tax rate" seems incorrect, as it is really more of a loss of benifits for the poor as you become less poor.

And certainly, to all involved, the hope is that you would quickly get out of the mid to low teens in income, and move up into a better place.

[malligator]

Originally Posted by Itssaul

Faux concern? Moc is laughing, giggling, and enjoying seeing the poor suffer. He wants Obama to fail just so he and his buddies can "high-five" for a good weekend while the nation suffers. Despicable.

Making a political issue political on a political forum?!?! How despicable!

What's despicable is the liberals jumping to Obama's defense instead of the poor they claim to care so much about. I thought being liberal was about ideology, not idolatry?

[Itssaul]

Originally Posted by malligator

Making a political issue political on a political forum?!?! How despicable!

What's despicable is the liberals jumping to Obama's defense instead of the poor they claim to care so much about. I thought being liberal was about ideology, not idolatry?

Well if I said
"Hey hitler was right! The Jews are just not meant to live, also slavery should be reinstated to punish the looters!"

That's an opinion, and it can be despicable, even on a political forum.

[Matthanuf06]

Both parties would have let it expire, but that is the bigger concern.

If the powers that be agree on something they push it under the rug and pull the cloth in front of the eyes of the low income voter.

This goes to show the powers that be set the agenda, what we want, what we need, what we think is right, is totally irrelevant.