The Fiscal Cliff -- Is it time?


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Profile dancer42
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Message 1322544 - Posted: 31 Dec 2012, 9:15:34 UTC

The real problem is since the late 1940s congress has used the tax laws

to micromanage society rather then just collect revenue.

if they would stop doing this we would have a lot less government.

the loss of government control congress will probably never let happen.



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Message 1322670 - Posted: 31 Dec 2012, 15:01:32 UTC - in response to Message 1322544.

The real problem is since the late 1940s congress has used the tax laws

to micromanage society rather then just collect revenue.

if they would stop doing this we would have a lot less government.

the loss of government control congress will probably never let happen.

Interesting how the republicans want to get rid of loopholes - micromanagement - and how hard the democrats push to keep them. It really looks like a statist vs libertarian battle.


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Message 1322695 - Posted: 31 Dec 2012, 16:07:43 UTC

DURING the Regan admin. a study was done with that view in mind,

until it was discovered that 85% of federal government was unconstitutional

at which point it was quietly slipped under a rug.

both side are abusing loop hole's.

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Message 1322762 - Posted: 31 Dec 2012, 18:41:45 UTC - in response to Message 1322670.

The real problem is since the late 1940s congress has used the tax laws

to micromanage society rather then just collect revenue.

if they would stop doing this we would have a lot less government.

the loss of government control congress will probably never let happen.

Interesting how the republicans want to get rid of loopholes - micromanagement - and how hard the democrats push to keep them. It really looks like a statist vs libertarian battle.


Funny how most of those loopholes were designed to aid Rich people and corporations. COnservatives in their glee to end loopholes or deductions should consider a ceiling on deductions instead of outright removal of loopholes. I see the most abuse of loopholes coming from the wealthy anyway.

Consider, Dick Cheney donating millions to the Uof Wyoming. After deductions he owed nearly nothing in taxes.

I agree something needs to be done.

My mother repeatedly tells me of the days she would receive her income tax paperwork. It was basically a large postcard. her tax bill was also easily paid with less than a weeks pay. Funny how things change when you want to build super duper stealth weapons.
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Message 1322780 - Posted: 31 Dec 2012, 19:30:37 UTC - in response to Message 1322762.

Consider, Dick Cheney donating millions to the Uof Wyoming. After deductions he owed nearly nothing in taxes.

Yes, end charitable donations.
http://www.foxbusiness.com/personal-finance/2012/12/24/fate-charitable-giving-resides-on-fiscal-cliff/
Congress has played with the rules that govern tax-deductible contributions to charity ever since. But on Jan.1, the charitable deduction is facing its own catastrophe if we fall off the fiscal cliff. The expiration of Bush-era tax cuts plus the introduction of the 3.8% Medicare surtax under Obamacare could cause donations to non-profit organizations to be much less financially attractive to those who can theoretically afford to give the most: upper income taxpayers.


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Message 1322944 - Posted: 1 Jan 2013, 0:31:50 UTC

Apparently, it is time.

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Message 1322948 - Posted: 1 Jan 2013, 0:48:03 UTC - in response to Message 1322783.

And in the midst of all the higher taxes coming for we, the people....
Obama, by executive order, lifted the ban on congressional pay raises last week.

"So who benefits? Vice President Biden, for starters. According to disclosure forms, Biden made $225,521 last year. After his raise which goes into effect March 27, 2013, he’ll be taking home $231,900.

Rank-and-file members of Congress, meanwhile, will see a $900 bump -- up from $174,000. Congressional leaders will receive a slightly higher raise, with the House speaker receiving a $1,100 salary increase to $224,600. The top two Senate leaders will see pay rise $1,000, to $194,400."


Yeah, they all share our pain.

Did you get a rise on your basic salary this year and was it bigger than the 0.5% the politicians got?

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Message 1322964 - Posted: 1 Jan 2013, 2:12:32 UTC - in response to Message 1322948.

And in the midst of all the higher taxes coming for we, the people....
Obama, by executive order, lifted the ban on congressional pay raises last week.

"So who benefits? Vice President Biden, for starters. According to disclosure forms, Biden made $225,521 last year. After his raise which goes into effect March 27, 2013, he’ll be taking home $231,900.

Rank-and-file members of Congress, meanwhile, will see a $900 bump -- up from $174,000. Congressional leaders will receive a slightly higher raise, with the House speaker receiving a $1,100 salary increase to $224,600. The top two Senate leaders will see pay rise $1,000, to $194,400."


Yeah, they all share our pain.

Did you get a rise on your basic salary this year and was it bigger than the 0.5% the politicians got?


While I received a 10% raise, if you knew how low the total still is, you'd be appalled.

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Message 1323005 - Posted: 1 Jan 2013, 4:01:38 UTC - in response to Message 1322948.

Did you get a rise on your basic salary this year and was it bigger than the 0.5% the politicians got?

Because of the additional Obama taxes, the business is doing an across the board cut, not counting the 2% in additional taxes Uncle Obama is collecting now that we have gone over the cliff.


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Message 1323047 - Posted: 1 Jan 2013, 5:39:32 UTC - in response to Message 1323005.

That explains why business profits have been down so badly in 2012. Oh wait....


Did you get a rise on your basic salary this year and was it bigger than the 0.5% the politicians got?

Because of the additional Obama taxes, the business is doing an across the board cut, not counting the 2% in additional taxes Uncle Obama is collecting now that we have gone over the cliff.


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Message 1323053 - Posted: 1 Jan 2013, 5:53:03 UTC - in response to Message 1323050.

lets see. My lights gas and phone bills have gone up. My medical insurance as gone up. Gasoline is way up, food costs are up. I havent had a raise in over 2 years. And now the do nothing, stupid, idotic , thieving fingerpointing crooks from both sides have decided I need to pay another $ 3500.00 in taxes.

I work my ass off 6 days a week just so I can get farther behind because the assclowns we elect would rather play the blame game.

And the sad part is the next election the same jerks will get relected. Screw it maybe I should just sit on my butt and get my Obammy phone.


Obamaphones do not exist.

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Message 1323054 - Posted: 1 Jan 2013, 5:57:33 UTC - in response to Message 1323053.

lets see. My lights gas and phone bills have gone up. My medical insurance as gone up. Gasoline is way up, food costs are up. I havent had a raise in over 2 years. And now the do nothing, stupid, idotic , thieving fingerpointing crooks from both sides have decided I need to pay another $ 3500.00 in taxes.

I work my ass off 6 days a week just so I can get farther behind because the assclowns we elect would rather play the blame game.

And the sad part is the next election the same jerks will get relected. Screw it maybe I should just sit on my butt and get my Obammy phone.


Obamaphones do not exist.


But the dole does.
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Message 1323056 - Posted: 1 Jan 2013, 6:02:32 UTC - in response to Message 1323054.

lets see. My lights gas and phone bills have gone up. My medical insurance as gone up. Gasoline is way up, food costs are up. I havent had a raise in over 2 years. And now the do nothing, stupid, idotic , thieving fingerpointing crooks from both sides have decided I need to pay another $ 3500.00 in taxes.

I work my ass off 6 days a week just so I can get farther behind because the assclowns we elect would rather play the blame game.

And the sad part is the next election the same jerks will get relected. Screw it maybe I should just sit on my butt and get my Obammy phone.


Obamaphones do not exist.


But the dole does.


Bob Dole says Bob Dole's still kicking.

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Message 1323062 - Posted: 1 Jan 2013, 6:09:42 UTC - in response to Message 1323056.

lets see. My lights gas and phone bills have gone up. My medical insurance as gone up. Gasoline is way up, food costs are up. I havent had a raise in over 2 years. And now the do nothing, stupid, idotic , thieving fingerpointing crooks from both sides have decided I need to pay another $ 3500.00 in taxes.

I work my ass off 6 days a week just so I can get farther behind because the assclowns we elect would rather play the blame game.

And the sad part is the next election the same jerks will get relected. Screw it maybe I should just sit on my butt and get my Obammy phone.


Obamaphones do not exist.


But the dole does.


Bob Dole says Bob Dole's still kicking.

Im not suprised. He was in the 10th mountain Div in Italy during WW2. One tough old man.
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Message 1323065 - Posted: 1 Jan 2013, 6:12:42 UTC

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Message 1323081 - Posted: 1 Jan 2013, 7:14:12 UTC

Democratic officials say U.S. 'fiscal cliff' deal reached
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Message 1323105 - Posted: 1 Jan 2013, 8:22:19 UTC - in response to Message 1323081.

Democratic officials say U.S. 'fiscal cliff' deal reached

When the tea party votes for it, there will be a deal, not before.

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Message 1323214 - Posted: 1 Jan 2013, 13:41:55 UTC

when I started working in the early 70's a dollar was spent 18 times before

federal and state taxes eat it, now it is less than 3, I fail to see

how I am not paying enough, maybe I need a lot less government help?

I do not think I can afford what I am getting.
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Message 1323248 - Posted: 1 Jan 2013, 15:24:27 UTC

Now, if Republicans think that I will finish the job of deficit reduction through spending cuts alone — and you hear that sometimes coming from them … then they've got another thing coming.… That's not how it's going to work at least as long as I'm president," he said. "And I'm going to be president for the next four years, I think," he added.

Probably.

Obama's remarks irritated some Republicans.

Not very hard to do.

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