Glock Talk
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04-17-2012, 21:01
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#1
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Senior Member
Join Date: Sep 2002
Posts: 6,687
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Beware the Coming 'Taxmageddon'
http://www.cbn.com/cbnnews/finance/2...g-Taxmageddon/
According to the article....
The 'Bush' tax cuts end.
The Social Security payroll tax, will return to 6.2 percent from the current level of 4.2 percent.
The child tax credit will go from $1000/child to $500/child
http://www.taxpolicycenter.org/taxfa...ax_credits.pdf
Married couples will pay more taxes.
The Alternative Minimum Tax will increase.
and more in 2013
Last edited by G17Jake; 04-17-2012 at 21:19..
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04-17-2012, 21:13
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#2
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Anti-Obama
Join Date: Aug 2000
Location: Anti-Hillary too.
Posts: 55,679
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I predict the House will vote on this before Halloween. 
__________________
In a land of freedom we are held hostage by the tyranny of political correctness
--Redskins QB Robert Griffin III @RGIII
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04-17-2012, 21:26
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#3
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Senior Member
Join Date: Sep 2002
Posts: 6,687
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I can't imagine the child tax credit going back down to 500 dollars. I don't have dependents, so it makes no difference to my tax burden. As Chute posted, this will all probably be up for vote before the election.
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04-17-2012, 21:28
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#4
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Senior Member
Join Date: Mar 2009
Posts: 3,655
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.....
Last edited by JK-linux; 05-21-2012 at 18:10..
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04-18-2012, 06:43
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#5
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Retired
Join Date: Jan 2001
Posts: 104,726
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We could cut the civilian federal gov't by 50%. Just a thought.
Vegas resorts may be hurt though.
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__________________
Think about it. Obama denied 30+ Americans fighter jet support in Benghazi. If not for a few brave Navy SEALs, they would have all been captured, raped, tortured, and beheaded by Al Qaeda.
Last edited by DonGlock26; 04-18-2012 at 06:44..
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04-18-2012, 06:52
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#6
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"Cracker"
Join Date: Feb 2009
Posts: 10,913
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Quote:
Originally Posted by DonGlock26
We could cut the civilian federal gov't by 50%. Just a thought.
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I think 100% cut would be preferable. Let's see how much government we can live without.
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No one's life, liberty or property is safe while the legislature is in session- Mark Twain
If voting changed anything, they'd make it illegal
Emma Goldman
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04-18-2012, 06:56
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#7
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Retired
Join Date: Jan 2001
Posts: 104,726
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Quote:
Originally Posted by Ruble Noon
I think 100% cut would be preferable. Let's see how much government we can live without.
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Why do you hate the Constitution?
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__________________
Think about it. Obama denied 30+ Americans fighter jet support in Benghazi. If not for a few brave Navy SEALs, they would have all been captured, raped, tortured, and beheaded by Al Qaeda.
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04-18-2012, 06:57
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#8
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Senior Member
Join Date: Nov 2009
Posts: 3,735
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Quote:
Originally Posted by DonGlock26
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That's the first thing I was thinking when I saw the thread title.
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The politicians added another $4.8 billion to our debt today.
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04-18-2012, 06:58
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#9
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"Cracker"
Join Date: Feb 2009
Posts: 10,913
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Quote:
Originally Posted by DonGlock26
Why do you hate the Constitution?
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JB?
__________________
No one's life, liberty or property is safe while the legislature is in session- Mark Twain
If voting changed anything, they'd make it illegal
Emma Goldman
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04-18-2012, 07:05
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#10
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Retired
Join Date: Jan 2001
Posts: 104,726
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Quote:
Originally Posted by Ruble Noon
JB?
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Cat got your tongue. 
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__________________
Think about it. Obama denied 30+ Americans fighter jet support in Benghazi. If not for a few brave Navy SEALs, they would have all been captured, raped, tortured, and beheaded by Al Qaeda.
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04-18-2012, 07:07
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#11
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Retired
Join Date: Jan 2001
Posts: 104,726
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Quote:
Originally Posted by coastal4974
That's the first thing I was thinking when I saw the thread title.
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Progressives can never bear the thought of cutting their god.
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__________________
Think about it. Obama denied 30+ Americans fighter jet support in Benghazi. If not for a few brave Navy SEALs, they would have all been captured, raped, tortured, and beheaded by Al Qaeda.
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04-18-2012, 09:37
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#12
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Senior Member
Join Date: Nov 2007
Posts: 3,720
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Quote:
Originally Posted by DonGlock26
Why do you hate the Constitution?
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You mean other than the fact that it has completely failed its intended purpose and instead empowers a constant stream of sociopaths like Obama?
__________________
The West has become a great pity where suicidal lemmings run toward a cliff disguised as a voting booth. - James Miller
Few men desire liberty; most men wish only for a just master. - Sallust
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04-18-2012, 09:41
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#13
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Senior Member
Join Date: Mar 2003
Posts: 5,852
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Quote:
Originally Posted by Chronos
You mean other than the fact that it has completely failed its intended purpose and instead empowers a constant stream of sociopaths like Obama?
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To be fair, I believe the founding fathers intended for it to be defended, not attacked, by the people.
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04-18-2012, 10:31
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#14
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Senior Member
Join Date: Sep 2009
Location: U.S.A.
Posts: 13,503
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That 2% SS cut was nice. Stupid in terms of the budget, but I'll take it.
It's going to be interesting. They won't deal with any of this before the election, which leaves only a few weeks afterwards (even if they work through their holidays). Look for short-term stopgaps if anything. They have to do something though, there is no way the economy is going to absorb a $500 billion one year tax increase.
Last edited by cowboy1964; 04-18-2012 at 10:35..
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