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Did you know that Obama has a tax increase waiting in January 2013? Obama 1/1/13 Tax Increase on Families earning $50,000 is $1750! A Killer to Economy

PEEPL 2012/05/30 08:47:11
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I knew that (here's how I feel about that)
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A Little New Year's Surprise From Obama..
Here is a link to the story about that tax increase that will hit the USA in January of 2013..
http://capoliticalnews.com/2012/04/15/obama-1113-tax-increase...
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Top Opinion

  • ETpro 2012/05/31 14:13:24
    Other (give details)
    ETpro
    +11
    I know that you RepugniCons wrote the Bush tax cuts to sunset in 10 years, and that deadline is coming up. I know your lying Representatives and Senators are going to do their best to see that nothing is done to stop the tax increase so you can blame Obama. Yeah, I pretty well know what going on.

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  • Gloria 2012/05/31 11:51:27 (edited)
    Other (give details)
    Gloria
    +3
    No president raises or lowers taxes. It's congress. Please remember the party of no will let the Bush tax rates expire if the wealthy are asked to pay more taxes no matter how many people live in tents & go hungry. That's how much the republicans care about people.



    I read a about good solution this AM. It's only the beginnning but I like it.

    http://blogs.sacbee.com/capit...
    When politicians take pay cuts maybe they will begin to think about who pays their salaries.
  • mustang... Gloria 2012/05/31 22:42:47 (edited)
    mustangluver
    There are lot's of things presidents are not supposed to do but BO has...
    http://thf_media.s3.amazonaws...
  • swimmingswan 2012/05/31 11:41:43
    I didn't know that (here's how I feel about that)
    swimmingswan
    +1
    its happening everywhere even in ireland
  • JeanLouiseCollins 2012/05/31 11:33:55
    Other (give details)
    JeanLouiseCollins
    +2
    I grew up in a conservative highly educated family that gladly paid their taxes.It was money to run our government and provide for our military to protect us.My father was a captain in the Navy. They would be horrified at the way our money is being wasted and misspent.I doubt they would be so willing to send hard earned money to the irresponsible government we have now.It isn't just Obama,although he is on a dangerous course we spent a fortune in Irag.Someone has to take charge of spending.NOT taxing.
  • Freefall 2012/05/31 11:19:15
    Other (give details)
    Freefall
    +7
    Let the fear mongering begin!
  • Soundstorm Freefall 2012/05/31 11:21:38
    Soundstorm
    +2
    Denial is like an ever flowing river for you.
  • Freefall Soundstorm 2012/05/31 11:27:45 (edited)
    Freefall
    +4
    good thing i can swim
  • stevegt... Freefall 2012/05/31 15:31:22
  • Soundstorm Freefall 2012/05/31 20:55:53
    Soundstorm
    +1
    Have fun fighting those currents and rapids.
  • mustang... Soundstorm 2012/05/31 22:44:10
    mustangluver
    +1
    Yes indeed!
  • Soundstorm 2012/05/31 11:06:53
    I knew that (here's how I feel about that)
    Soundstorm
    +1
    Taxagedon awaits us! Obama spawned and raised the beast and now it must be fed!
  • texasred 2012/05/31 08:29:03
    I knew that (here's how I feel about that)
    texasred
    +3
    Yep. And there's going to be a marriage penalty, too.

    Before 2010, and scheduled to return in 2013, we had reductions in deductions for both a) total itemized deductions and b) personal exemptions, as your total adjusted gross income increases. Marry an individual with substantial income and potentially all of your personal exemptions disappear. In addition, as much as 3% of your income (over a floor amount that changes annually) comes off your total itemized deductions.

    Lose two 2011 personal exemptions of $3,700 each and your taxable income is up by $7,400. With a marginal tax rate of 28%, that's an additional $2,072 in tax to be paid.
    http://money.msn.com/tax-plan...
  • Tom Degan 2012/05/31 07:57:20
    Other (give details)
    Tom Degan
    +6
    Where are you getting this figure from? FOX Noise?

    http://www.tomdegan.blogspot.com

    Tom Degan
  • texasred Tom Degan 2012/05/31 08:31:55
    texasred
    +2
    Comprehensive List of Obama Tax Increases
    http://www.atr.org/comprehens...
  • Spizzzo BN-0 2012/05/31 07:47:57
    Other (give details)
    Spizzzo BN-0
    +6
    You are both silly and pathetic for pushing crap like this.
  • stevegt... Spizzzo... 2012/05/31 15:31:42
  • Spizzzo... stevegt... 2012/06/03 09:37:11
    Spizzzo BN-0
    The stuff here is common knowledge, that's why it's silly and pathetic.
  • Steve 2012/05/31 07:28:19
    I knew that (here's how I feel about that)
    Steve
    +1
    It's called an expiration of temporary tax cuts.

    If the US debt is really a huge issue, this should happen as scheduled.
  • Heptarch 2012/05/31 01:41:54
    Other (give details)
    Heptarch
    +4
    Where is the person writing that getting his numbers?
  • lurx: the soda jerk 2012/05/31 00:37:58 (edited)
    Other (give details)
    lurx: the soda jerk
    +7
    There really hasn't been any change in his position on the Bush tax cuts, which are widely acknowledged to have ballooned the deficit.

    change position bush tax cuts acknowledge ballooned deficit

    ...Obama still wants to keep the cuts in place for people making under $250,000 dollars per years. Most Americans support raising taxes on those making sums above that figure.

    http://www.vcstar.com/news/20...
    http://www.cbsnews.com/8301-5...
  • mustang... lurx: t... 2012/05/31 22:46:21
  • lurx: t... mustang... 2012/05/31 23:15:04
  • mustang... lurx: t... 2012/06/02 02:54:52
    mustangluver
    Oh well...
  • Chewy 2012/05/30 23:19:09
    Other (give details)
    Chewy
    +4
    I'll believe that when I see it.
  • mustang... Chewy 2012/05/31 22:47:13
    mustangluver
    So you'll believe the house is on fire when your bed is engulfed?
    http://thf_media.s3.amazonaws...
  • Manwé 2012/05/30 22:43:31
    Other (give details)
    Manwé
    +7
    He wants to maintain the tax cuts for the middle income, but let it expire for those over $250,000. It's Congress that won't agree to that, so it's not Obama who is allowing a tax increase for the middle class, it is Congress.
  • mustang... Manwé 2012/05/31 22:47:27
  • Catnip "Guru" ∞ 2012/05/30 22:41:36
    I knew that (here's how I feel about that)
    Catnip "Guru" ∞
    +3
    This is not surprizing at all. Obama's final parting shot at the American people (should he be defeated in Nov. I hope! I hope! I hope!)
  • unclepat 2012/05/30 21:59:39
    Other (give details)
    unclepat
    +6
    And all this time I thought that it was around the time of the Bush tax cuts finally sunsetting and not an actual tax increase. Maybe it could have stuck around longer if the major beneficiaries would have actually CREATED JOBS instead of just calling themselves "job creators", which was nothing more than code for not paying their fair share!!
  • Nancy~PWCM~JLA~POTL 2012/05/30 21:35:11
    I knew that (here's how I feel about that)
    Nancy~PWCM~JLA~POTL
    +1
    taxation is his only way out from debt and frankly there is no way out of this debt.
  • TheTailor Nancy~P... 2012/05/30 22:30:53
    TheTailor
    We could unleash American energy, the royalties would pay off the national debt. Of course that would enrich the nation, and self proclaimed "progressives" can't have that, so we need to VOTE THEM OUT.
  • Warren - Novus Ordo Seclorum 2012/05/30 20:05:51
    Other (give details)
    Warren - Novus Ordo Seclorum
    +6
    Tax policy is written in the Congress, and is controlled by Republicans, not by Obama. The Republicans in Congress are trying to transfer wealth away from working people and towards those who parasitically live off the wealth created by others. Vote those bastards out of Congress!

    republicans raise taxes on poor
  • Sawdust... Warren ... 2012/06/01 14:47:17
    Sawdust_128
    The Democrats have the Executive Branch and the Senate. The Republicans have the House. How is it you can claim that "Congress" is controlled by the Republicans? 30 jobs bills have gone from the house to the senate only to die in the hands of Harry Reid. Harry Reid and his democrat friends in the Senate have not passed a functioning budget in over 3 years, as they are required by law to do. Doesn't seem like the Republicans are in control of much of anything. Seems more like you grasping as straws in desperation of Oblowhole's impending disastrous re-election bid.
  • Warren ... Sawdust... 2012/06/01 17:08:30
    Warren - Novus Ordo Seclorum
    A bill needs to be passed by the House before the Senate can vote on it. Senate Republicans have abused the filibuster so that a supermajority is needed to pass a bill, so effectively, the Republicans can and have blocked all legislation that might have reduced the burden on the real wealth creators, the middle class. The Republican congress has declared war on working people.
  • Sawdust... Warren ... 2012/06/01 18:38:58
    Sawdust_128
    Article I, Section 1, of the United States Constitution, provides that:

    All legislative Powers herein granted shall be vested in a
    Congress of the United States, which shall consist of a Senate
    and House of Representatives.

    You are ignorant. There is no "Republican Congress".
  • Warren ... Sawdust... 2012/06/01 18:47:33
    Warren - Novus Ordo Seclorum
    You are ignorant if you think the Congress is able to pass anything without the blessings of the Republicans. = Republican Congress. Vote the bums out if you don't want them to raise your taxes.
  • Sawdust... Warren ... 2012/06/01 18:53:08
    Sawdust_128
    O.K. I can play as dumb and stupid as you are.

    You are ignorant if you think the Congress is able to pass anything without the blessings of the Democrats. = Democrat Congress. Vote the bums out if you don't want them to raise your taxes.

    Remember, 1/2 of congress is the Senate and it is being directed by the mental defective Senate Majority Leader, Harry Reid - Democrat from Nevada.
  • Warren ... Sawdust... 2012/06/01 18:54:20
    Warren - Novus Ordo Seclorum
    Well, you are not playing dumb. You are dumb.
  • Sawdust... Warren ... 2012/06/01 19:01:03 (edited)
    Sawdust_128
    I'm so sorry, I haven't agreed with anything you have said up to now and I can't even seem to find a way to throw your ignorant ass a bone on this.

    Seek help there Sparky. Sorry for your problems.
  • MadAsHEck 2012/05/30 18:00:10
    Other (give details)
    MadAsHEck
    +2
    I knew and when I tell people about it they say it's BS. Even here on SH, folks do not believe that if Obama is re-elected they will get hit with a HUGE tax increase.

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