I will not raise taxes on the Middle Class

[Mr. Big Dog 10,747]

So letting Republican Tax cuts not expire. Raising Taxes on higher income Americans and raising payroll taxes is a huge tax cut. Nice real nice..

So let me understand not letting the Bush Tax cuts expire is huge tax cut, but letting the payroll tax cut expire is not a tax hike. According to you.

As of yesterday morning, tax rates were what they were in 2000. The temporary tax cuts expired as scheduled. That tax hike that happened on New Year's Day was passed with huge Republican support a couple of years ago. The Tea Party solidly backed it because they like your taxes to go up. When the House voted on cutting taxes last night, the Tea Party solidly rejected it. They wanted your tax rates to remain what they were - same as in 2000. These are the facts.

[The Nature Boy 4,224]

As of yesterday morning, tax rates were what they were in 2000. The temporary tax cuts expired as scheduled. That tax hike that happened on New Year's Day was passed with huge Republican support a couple of years ago. The Tea Party solidly backed it because they like your taxes to go up. When the House voted on cutting taxes last night, the Tea Party solidly rejected it. They wanted your tax rates to remain what they were - same as in 2000. These are the facts.

LOl ok in your world of no such thing as man made lakes I guess it does.

[Karee 4,190]

Fact. I'm paying 2% more taxes than I did last year. That's a tax hike.

Edited January 2, 2013 by Karee

[Mr. Big Dog 10,747]

LOl ok in your world of no such thing as man made lakes I guess it does.

Did your tax rates not go up yesterday morning when the temporary tax cuts expired? Was there some language in the legislation that said tax rates revert to pre-2001 rates except for the guy posting nonsense under the handle "Run Herschel Run" on VJ? I mean seriously, you are detached from reality in a bad way. I'm listening to conservatives discussing how Paul Ryan just voted yesterday to increase taxes and to increase the deficit by $4 trillion dollars. So they are sitting there saying that the tax measure that passed yesterday will give $4 trillion fewer dollars to the federal government, leave $4 trillion more dollars in the pockets of Americans over the next decade and then they call it a tax hike at the same time. That's how confused they are.

[Teddy B 17,252]

Seeing how painfully uninformed you are I can't help but ask: Do you actually get to vote?

Even better, he gets to stockpile weapons!

[dalegg 143]

I never expected the payroll tax holiday to become permanent. They called it a "holiday" for a reason. Did you expect payroll taxes to be permanently lowered? If you did, I'd suggest you pay attention to goings on if you want to participate in political debates. Otherwise you end up looking like a fool. You see, the President has not nor will he sign any legislation in his second term raising the payroll tax rates. Hence, he is not breaking his campaign pledge. The payroll tax rates merely reverted to their original level today.

I'll tell you what- I never did, but if you remember back to last year, many Americans obviously did, and President Obama said that "It was critical for Congress not to go home without preventing a tax increase on 160 Million..", and others in Congress were railing about how congress "wasn't doing its job" unless they extended it.

CNN Link

So last year, extending the payroll tax cut was "critical", but this year when it went up, it didn't get a mention in the Presidents speech, and all he says is that he prevented a middle class tax increase that would have crippled the economy. Okay.

[Dakine10 5,452]

Fact. I'm paying 2% more taxes than I did last year. That's a tax hike.

Yeah, but your proably paying a few percent less today than you were on January 1st. That's a tax cut.

[I AM NOT THAT GUY 5,715]

Yeah, but your proably paying a few percent less today than you were on January 1st. That's a tax cut.

How much did you pay in taxes on Jan 1st?

[Karee 4,190]

Yeah, but your proably paying a few percent less today than you were on January 1st. That's a tax cut.

Explain that to me. I'm not being a smart a$$, I really don't know what you mean by that.

[Mr. Big Dog 10,747]

Fact. I'm paying 2% more taxes than I did last year. That's a tax hike.

Fine. I wouldn't call the expiration of temporary tax relief a tax hike but if that is what you want to call it, then that tax hike was passed on a bi-partisan basis in February of last year with 293 aye votes in the House and 60 votes in favor in the Senate. That tax hike wsa not passed yesterday. What passed yesterday was a tax cut package worth some $4 trillion dollars over the next decade. That is a fact.

[Karee 4,190]

Fine. I wouldn't call the expiration of temporary tax relief a tax hike but if that is what you want to call it, then that tax hike was passed on a bi-partisan basis in February of last year with 293 aye votes in the House and 60 votes in favor in the Senate. That tax hike wsa not passed yesterday. What passed yesterday was a tax cut package worth some $4 trillion dollars over the next decade. That is a fact.

So let me get this straight. The expiration of a temporary tax relief is not a tax hike, but extending tax cuts that were due to expire is a tax cut?

[Dakine10 5,452]

Explain that to me. I'm not being a smart a$$, I really don't know what you mean by that.

Technically the Bush era tax cuts expired at 0001 on January 1st. Congress did not pass the resolution until late in the same day.

[The Nature Boy 4,224]

So let me get this straight. The expiration of a temporary tax relief is not a tax hike, but extending tax cuts that were due to expire is a tax cut?

Yup you got it.. That is the logic

http://www.macon.com/2013/01/02/2302412/how-tax-increases-will-affect.html#storylink=misearch

<a href="http://www.macon.com/2013/01/01/2302155/uga-over-nebraska-in-capital-one.html#wgt=rcntmulti">..l

The Associated Press

The tax package passed by Congress will prevent one set of tax increases from hitting the vast majority of Americans, but it won't stop them all. A temporary Social Security payroll tax reduction is expiring, hitting nearly every wage earner, and income taxes on the wealthy are going up too.

How the tax increases will affect households at different income levels:

---

Annual income: $20,000 to $30,000

Average tax increase: $297

---

Annual income: $30,000 to $40,000

Average tax increase: $445

---

Annual income: $40,000 to $50,000

Average tax increase: $579

---

Annual income: $50,000 to $75,000

Average tax increase: $822

---

Annual income: $75,000 to $100,000

Average tax increase: $1,206

---

Annual income: $100,000 to $200,000

Average tax increase: $1,784

---

Annual income: $200,000 to $500,000

Average tax increase: $2,711

---

Annual income: $500,000 to $1 million

Average tax increase: $14,812

---

Annual income: More than $1 million

Average tax increase: $170,341

[Karee 4,190]

Technically the Bush era tax cuts expired at 0001 on January 1st. Congress did not pass the resolution until late in the same day.

Ohh. If you're going to be silly, at least post a or a so I know.

[Teddy B 17,252]

Ohh. If you're going to be silly, at least post a or a so I know.

Karee, it's really not silly. If this new bill wasn't signed into law by today, before the new congress is sworn in, then everyone's taxes would have gone up substantially for quite some time, if not forever.

Edited January 2, 2013 by Teddy B