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Author	Topic: Fiscal cliff deal raises taxes on 77% of Americans	Post a Reply Back to Topics

Jamer Champion Author Las Vegas Posts:8,902 Points:1,663,960 Joined:Jul 2002	Message Posted: Jan 4, 2013 9:56:58 AM Ignore Jamer Report Abuse More than three in four Americans will pay higher taxes for 2013, thanks to the fiscal cliff deal passed in Congress on New Year's Day. Over 77% of filers will pay more, according to the Tax Policy Center. The average increase is expected to be $1,257, but that figure belies the wide disparity in impact. Those making less than $10,000 a year will pay $68 more in federal taxes, on average, while those making between $50,000 and $75,000 will see an $822 jump. Wealthy filers with incomes of $1 million or more will see a $170,341 spike, on average. The ending of the payroll tax break will have the broadest reach, with most of the nation's 160 million workers seeing smaller paychecks. Wage earners will have to pay the full 6.2% in payroll taxes, up from the 4.2% they'd been paying for the p Visit By Tami Luhby \| CNNMoney.com for full article

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More than three in four Americans will pay higher taxes for 2013, thanks to the fiscal cliff deal passed in Congress on New Year's Day.

Over 77% of filers will pay more, according to the Tax Policy Center. The average increase is expected to be $1,257, but that figure belies the wide disparity in impact. Those making less than $10,000 a year will pay $68 more in federal taxes, on average, while those making between $50,000 and $75,000 will see an $822 jump. Wealthy filers with incomes of $1 million or more will see a $170,341 spike, on average.

The ending of the payroll tax break will have the broadest reach, with most of the nation's 160 million workers seeing smaller paychecks. Wage earners will have to pay the full 6.2% in payroll taxes, up from the 4.2% they'd been paying for the p
Visit By Tami Luhby | CNNMoney.com for full article

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remay Champion Author Houston Posts:7,078 Points:2,143,965 Joined:May 2006	Message Posted: Jan 5, 2013 12:25:02 PM Ignore remay Report Abuse Relevance to THIS new forum?
molebaby96 Champion Author Tallahassee Posts:2,173 Points:529,005 Joined:Nov 2011	Message Posted: Jan 5, 2013 9:10:20 AM Ignore molebaby96 Report Abuse Need to also cut spending.
ClarkSC Champion Author South Carolina Posts:3,219 Points:1,039,105 Joined:May 2010	Message Posted: Jan 5, 2013 7:56:05 AM Ignore ClarkSC Report Abuse Thank you, Obama.
TurkishMan All-Star Author Dallas Posts:733 Points:160,075 Joined:Jan 2013	Message Posted: Jan 5, 2013 3:01:16 AM Ignore TurkishMan Report Abuse I bet you did not know
scu227 Champion Author New Haven Posts:4,308 Points:799,580 Joined:Feb 2011	Message Posted: Jan 5, 2013 2:22:28 AM Ignore scu227 Report Abuse Did you expect something different? More spending, more taxes !!!!
hadji812 Rookie Author Topeka Posts:99 Points:304,485 Joined:Feb 2012	Message Posted: Jan 5, 2013 1:13:03 AM Ignore hadji812 Report Abuse getting closer to redistribution of the working classes $ to where the gov says it should go.
RAE344 Champion Author Virginia Beach Posts:3,212 Points:689,220 Joined:Jun 2011	Message Posted: Jan 5, 2013 12:31:00 AM Ignore RAE344 Report Abuse Paying more taxes is bad, but having the deficit still go up after the tax increase is worse. I put blame on the party that refused to lower spending.
BuckyTJones Champion Author Salt Lake City Posts:4,932 Points:967,950 Joined:Mar 2010	Message Posted: Jan 4, 2013 11:13:18 PM Ignore BuckyTJones Report Abuse This is what the stupid half, plus 1 of the country voted for!
listerone Champion Author Boston Posts:3,490 Points:904,490 Joined:Aug 2008	Message Posted: Jan 4, 2013 10:54:19 PM Ignore listerone Report Abuse Too bad that Osama Obama wasn't honest about his intentions during the campaign.He might be preparing for his retirement right now.Oh well,he doesn't have to worry about the voters any more...he has more "flexibility" now (as he told Vlad Putin some months ago). [Edited by: listerone at 1/4/2013 10:58:03 PM EST]
RitaVespa Champion Author Oregon Posts:3,109 Points:819,820 Joined:Jan 2011	Message Posted: Jan 4, 2013 10:28:38 PM Ignore RitaVespa Report Abuse Yep
rcornel All-Star Author San Diego Posts:804 Points:251,095 Joined:Jun 2012	Message Posted: Jan 4, 2013 10:27:36 PM Ignore rcornel Report Abuse Here we go... I can't believe a lot of people didn't see this coming.
toadNY Champion Author Albany Posts:7,193 Points:1,541,825 Joined:Apr 2008	Message Posted: Jan 4, 2013 10:18:39 PM Ignore toadNY Report Abuse Sound's about right Van Halen. So much for No increase in Taxes on people making less than $250.000.00 dollars! I hope All the people that Voted for obama are happy!
johton Champion Author Seattle Posts:1,355 Points:339,840 Joined:Jun 2012	Message Posted: Jan 4, 2013 8:55:06 PM Ignore johton Report Abuse Excellent, just what O wanted! Take my money and redistribute it to others!
bar1035 Champion Author Charlotte Posts:9,343 Points:1,325,920 Joined:Aug 2006	Message Posted: Jan 4, 2013 7:27:02 PM Ignore bar1035 Report Abuse Of course highdesertman likely paid a much smaller percentage of income for the SS payroll tax a good part of his working life . And of course he won't admit it/ Typical liberal
kkimes Champion Author Illinois Posts:1,668 Points:1,531,670 Joined:Sep 2005	Message Posted: Jan 4, 2013 6:49:20 PM Ignore kkimes Report Abuse Wow, I didn't know that that many people were making $400k or more.
mpg611 Champion Author Cleveland Posts:2,479 Points:597,545 Joined:Apr 2011	Message Posted: Jan 4, 2013 6:37:37 PM Ignore mpg611 Report Abuse So hows that two political party system working for ya'll? Yeah I thought so.
highdesertman Champion Author Albuquerque Posts:2,628 Points:1,744,805 Joined:Mar 2005	Message Posted: Jan 4, 2013 5:40:02 PM Ignore highdesertman Report Abuse The Social Security tax holiday was always scheduled to expire and the media are making way too big of a deal out of the resulting "tax increase." How many of the complainers would be willing to get lower SS benefits when they retire? The rest of us who paid our way throughout our working careers have earned our benefit. Current workers should do the same.
doggod Champion Author Anchorage Posts:2,988 Points:769,060 Joined:May 2009	Message Posted: Jan 4, 2013 5:15:12 PM Ignore doggod Report Abuse And so it goes.
humblepie Champion Author Toledo Posts:35,351 Points:2,399,070 Joined:Mar 2006	Message Posted: Jan 4, 2013 4:07:31 PM Ignore humblepie Report Abuse quityerbitchin, its simple obamanomics
investmentdr Champion Author Cleveland Posts:4,127 Points:1,480,910 Joined:Sep 2008	Message Posted: Jan 4, 2013 3:15:48 PM Ignore investmentdr Report Abuse this was better than the "deal" the Pres wanted
mmcentire Sophomore Author Arkansas Posts:142 Points:356,785 Joined:Oct 2011	Message Posted: Jan 4, 2013 2:29:34 PM Ignore mmcentire Report Abuse I'm so infuriated by my Soc Security taxes increasing by over $2k annually. Politicians raise taxes, give themselves raises. They're scrambling to replace trillions of $$$ they stole from Social Security Fund. Americans are getting squeezed from ALL angles. I read where some congressman said these tax breaks were known to be only for a short period of time, because they were seen as a stimulus to a struggling economy. THE ECONOMY IS STILL IN THE TANK! Wake Up Washington!
Discovery02 Champion Author Colorado Springs Posts:2,825 Points:338,365 Joined:May 2012	Message Posted: Jan 4, 2013 2:16:09 PM Ignore Discovery02 Report Abuse Decrease our income by ending the payroll tax holiday and raise gas prices. The economy needs to completely break down.
TripleHs Champion Author Austin Posts:3,440 Points:941,065 Joined:Oct 2009	Message Posted: Jan 4, 2013 1:30:40 PM Ignore TripleHs Report Abuse a very very bad deal
Skunk63 Champion Author Phoenix Posts:2,692 Points:585,975 Joined:Oct 2011	Message Posted: Jan 4, 2013 1:19:49 PM Ignore Skunk63 Report Abuse We are past the tipping point. All downhill from here, I'm afraid. The American electorate really can be summed up as a bunch of fools.
mastermariner Champion Author Texas Posts:4,844 Points:521,425 Joined:Jun 2011	Message Posted: Jan 4, 2013 12:54:01 PM Ignore mastermariner Report Abuse If you want the services and the hand outs you have to pay for them. If you thinh %15 tax is good in Russia, you can always live there.
Nicoalbum Champion Author Ottawa Posts:6,169 Points:1,216,725 Joined:Jan 2010	Message Posted: Jan 4, 2013 12:42:23 PM Ignore Nicoalbum Report Abuse BUSMAN1105 wrote: SO WHAT ELSE IS NEW IN THIS COUNTRY. I HEARD ON THE RADIO THAT THE INCOME TAX ON RUSSIAN PUBLIC IS ONLY 15%, WHILE WE PAY 30% ON OURS IN THE USA. Russian taxes are 13% flat, just that
Nicoalbum Champion Author Ottawa Posts:6,169 Points:1,216,725 Joined:Jan 2010	Message Posted: Jan 4, 2013 12:40:30 PM Ignore Nicoalbum Report Abuse Most likely, consumer gasoline prices will go up with that [Edited by: Nicoalbum at 1/4/2013 12:43:19 PM EST]
Van_Halen Champion Author Atlanta Posts:2,959 Points:667,045 Joined:Apr 2011	Message Posted: Jan 4, 2013 12:39:12 PM Ignore Van_Halen Report Abuse . @EVOWNER: Obama and the Liberal Dumbocrats sent the Bill to the House. The House vote HAD to be made Up or Down with no amendments or changes, so it was the Liberal Dumbocrtas that raised Taxes, NOT Tea Party Members. FACT: Almost every Tea Party Members of Congress voted AGAINST this Bill. FACT: 151 Republicans voted against this Tax and Spend Dumbocratic Legislation! The only reason it passed in the House was because 85 RINO Republicans voted along with all but 8 Dumbocrats to get it passed.Maybe in the future, how about getting the facts before posting!
oilfreak All-Star Author Houston Posts:707 Points:38,185 Joined:Oct 2012	Message Posted: Jan 4, 2013 12:38:51 PM Ignore oilfreak Report Abuse You gotta thank the narrow minded Americans who voted in Obama for his second term.
BburgCW Champion Author Virginia Posts:2,763 Points:1,204,135 Joined:Jun 2009	Message Posted: Jan 4, 2013 12:36:45 PM Ignore BburgCW Report Abuse You can't have something for nothing. Services require taxes. If you want highways, defense, etc. you have to pay for it. State and local governments get federal support, too, though tea party legislators keep reducing that support. And that's why your property taxes keep going up - state and local governments trying to make up for lower federal support. Be sure to ask your local rich folks to spend the money you saved them in taxes. Maybe something will trickle down to you.
BUSMAN1105 Champion Author Atlanta Posts:2,256 Points:1,197,425 Joined:Aug 2008	Message Posted: Jan 4, 2013 12:28:33 PM Ignore BUSMAN1105 Report Abuse SO WHAT ELSE IS NEW IN THIS COUNTRY. I HEARD ON THE RADIO THAT THE INCOME TAX ON RUSSIAN PUBLIC IS ONLY 15%, WHILE WE PAY 30% ON OURS IN THE USA.
bar1035 Champion Author Charlotte Posts:9,343 Points:1,325,920 Joined:Aug 2006	Message Posted: Jan 4, 2013 12:14:19 PM Ignore bar1035 Report Abuse evowner has no clue. The demo led Senate sent the Obama bill to the republican house and demanded a straight up or down vote with no changes. next the sandy relief bill with 9 billion for sandy and 51 billion of pork for trees in ohio, and money for hollywood among the items
HorizonChaser Champion Author Montgomery Posts:2,120 Points:482,135 Joined:Dec 2011	Message Posted: Jan 4, 2013 11:56:48 AM Ignore HorizonChaser Report Abuse Shame on Congress & 0bama!
BoycotPetro All-Star Author Illinois Posts:962 Points:203,050 Joined:May 2011	Message Posted: Jan 4, 2013 11:50:37 AM Ignore BoycotPetro Report Abuse @evowner, I suppose the Liberal Democrats had nothing to do with raising the taxes, or failing to cut the spending. Are they not (Senate) the ones that sent the Bill over to the House?
werich44 Champion Author California Posts:1,999 Points:496,505 Joined:Jun 2011	Message Posted: Jan 4, 2013 11:26:37 AM Ignore werich44 Report Abuse And this surprises anyone?
evowner Champion Author Salem Posts:2,323 Points:386,960 Joined:May 2012	Message Posted: Jan 4, 2013 11:25:47 AM Ignore evowner Report Abuse Thank the Tea Party for raising your taxes while protecting the loop hole for the Koch Brothers.
jeffbone Champion Author Virginia Posts:1,408 Points:415,600 Joined:Mar 2011	Message Posted: Jan 4, 2013 11:12:45 AM Ignore jeffbone Report Abuse "Not Newsworthy"
knutzAL Champion Author Alabama Posts:2,248 Points:372,680 Joined:Feb 2012	Message Posted: Jan 4, 2013 11:11:09 AM Ignore knutzAL Report Abuse I don't know about anyone else but I heard my lst lye coming from Washington. First, there was no cliff cause the real one is coming in February when we will decide to borrow another two to four trillion dollars to continue to fund all this crap. Second, were not stupid enough to really think that you are going to insure thirty million folks for free, really? Lastly we just are moving forward from another prosecution of two wars at much higher costs than we were told, ya think? . . . . . So to me the bottom line is we have to begin to place controls on Washington and the "cronnie capitalism" that results from no term limits and a disinfranchised voter who can no longer depend on the media to provide real facts. . . . . . just sayin.
Norm10 Champion Author British Columbia Posts:3,396 Points:165,955 Joined:Dec 2010	Message Posted: Jan 4, 2013 11:09:19 AM Ignore Norm10 Report Abuse Not surprising at all - how else would they reduce their debt when currently they are not even making minimum monthly payments towards reducing it.
mitt4prez Champion Author Tacoma Posts:1,888 Points:1,273,900 Joined:Nov 2007	Message Posted: Jan 4, 2013 11:05:33 AM Ignore mitt4prez Report Abuse All those who are astonished---who did you vote for? Presidential second terms are notoriously weaker than their first terms. It's downhill all the way, baby!
lesabreAZ Champion Author Phoenix Posts:1,819 Points:438,945 Joined:Nov 2011	Message Posted: Jan 4, 2013 10:59:56 AM Ignore lesabreAZ Report Abuse 1257/365=3.44 per day. Drink water instead of coffee and break even
playtimeCLE Champion Author Cleveland Posts:8,704 Points:1,572,075 Joined:Nov 2008	Message Posted: Jan 4, 2013 10:59:00 AM Ignore playtimeCLE Report Abuse I knew it had to happen sooner or later. This is what happens when presidents get into their second terms.
eschroth442 Champion Author Cleveland Posts:1,196 Points:358,490 Joined:Nov 2011	Message Posted: Jan 4, 2013 10:48:44 AM Ignore eschroth442 Report Abuse there goes more of my spendable income. all for obama-phones
YaBassa Champion Author Michigan Posts:2,571 Points:544,800 Joined:Nov 2011	Message Posted: Jan 4, 2013 10:36:20 AM Ignore YaBassa Report Abuse A return to a higher social security tax rate, that never should have dropped two years ago.
qwerty17 Champion Author New Jersey Posts:3,765 Points:1,144,250 Joined:Oct 2009	Message Posted: Jan 4, 2013 10:31:38 AM Ignore qwerty17 Report Abuse ouch.
Buckeyee Champion Author Maine Posts:4,773 Points:925,075 Joined:May 2010	Message Posted: Jan 4, 2013 10:25:32 AM Ignore Buckeyee Report Abuse This is just the beginning of the cost of socialism, & you though all those " free " programs would be no cost to you.
DrGasPain Veteran Author Dallas Posts:362 Points:478,550 Joined:Mar 2011	Message Posted: Jan 4, 2013 10:20:01 AM Ignore DrGasPain Report Abuse There goes more incentive to work hard and be productive. Being one of the 47% that get more from the government looks more and more attractive. Why should one try to climb out. As a physician I make good money, but I tell you, there sure is a lot less incentive to bust my ass. I work about 260 hours a month and more often I find myself asking --- WHY?
MOREDLEG Champion Author Missouri Posts:2,786 Points:637,485 Joined:May 2011	Message Posted: Jan 4, 2013 10:17:50 AM Ignore MOREDLEG Report Abuse All according to Obammasiahs plan!!!
Tekkersmom57 Champion Author Syracuse Posts:2,019 Points:728,890 Joined:May 2010	Message Posted: Jan 4, 2013 10:15:14 AM Ignore Tekkersmom57 Report Abuse Lovely, let's pay more in taxes so that we bring home less pay and raise the gas price on the optimism of the "thriving economy"! Seriously, is the congress we elected out there doing what is best for the average citizen.....I think NOT! I can only hope that the shifting of newly elected congress will turn things around in Washington.....we can hope, can't we?
deputydog082 Champion Author Detroit Posts:1,911 Points:686,805 Joined:Apr 2011	Message Posted: Jan 4, 2013 10:11:34 AM Ignore deputydog082 Report Abuse hold on - this is just the beginning