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

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Las Vegas

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Message Posted: Jan 4, 2013 9:56:58 AM

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
REPLIES (newest first) Post a Reply
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remay
Champion Author Houston

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Message Posted: Jan 5, 2013 12:25:02 PM

Relevance to THIS new forum?
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molebaby96
Champion Author Tallahassee

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Points:998,315
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Message Posted: Jan 5, 2013 9:10:20 AM

Need to also cut spending.
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ClarkSC
Champion Author South Carolina

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Message Posted: Jan 5, 2013 7:56:05 AM

Thank you, Obama.
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TurkishMan
All-Star Author Dallas

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Message Posted: Jan 5, 2013 3:01:16 AM

I bet you did not know
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scu227
Champion Author New Haven

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Message Posted: Jan 5, 2013 2:22:28 AM

Did you expect something different? More spending, more taxes !!!!
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hadji812
Sophomore Author Topeka

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Points:377,405
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Message Posted: Jan 5, 2013 1:13:03 AM

getting closer to redistribution of the working classes $ to where the gov says it should go.
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RAE344
Champion Author Virginia Beach

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Message Posted: Jan 5, 2013 12:31:00 AM

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.
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BuckyTJones
Champion Author Salt Lake City

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Message Posted: Jan 4, 2013 11:13:18 PM


This is what the stupid half, plus 1 of the country voted for!
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listerone
Champion Author Boston

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Message Posted: Jan 4, 2013 10:54:19 PM

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]
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RitaVespa
Champion Author Oregon

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Message Posted: Jan 4, 2013 10:28:38 PM

Yep
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rcornel
Champion Author San Diego

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Message Posted: Jan 4, 2013 10:27:36 PM

Here we go... I can't believe a lot of people didn't see this coming.
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toadNY
Champion Author Albany

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Message Posted: Jan 4, 2013 10:18:39 PM

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!
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johton
Champion Author Seattle

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Message Posted: Jan 4, 2013 8:55:06 PM

Excellent, just what O wanted! Take my money and redistribute it to others!
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bar1035
Champion Author Charlotte

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Message Posted: Jan 4, 2013 7:27:02 PM

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
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kkimes
Champion Author Illinois

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Message Posted: Jan 4, 2013 6:49:20 PM

Wow, I didn't know that that many people were making $400k or more.
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mpg611
Champion Author Cleveland

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Message Posted: Jan 4, 2013 6:37:37 PM

So hows that two political party system working for ya'll? Yeah I thought so.
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highdesertman
Champion Author Albuquerque

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Message Posted: Jan 4, 2013 5:40:02 PM

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.
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doggod
Champion Author Anchorage

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Message Posted: Jan 4, 2013 5:15:12 PM

And so it goes.
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humblepie
Champion Author Toledo

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Message Posted: Jan 4, 2013 4:07:31 PM

quityerbitchin, its simple obamanomics
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investmentdr
Champion Author Cleveland

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Message Posted: Jan 4, 2013 3:15:48 PM

this was better than the "deal" the Pres wanted
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mmcentire
Veteran Author Arkansas

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Message Posted: Jan 4, 2013 2:29:34 PM

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!
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Discovery02
Champion Author Colorado Springs

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Message Posted: Jan 4, 2013 2:16:09 PM

Decrease our income by ending the payroll tax holiday and raise gas prices. The economy needs to completely break down.
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TripleHs
Champion Author Austin

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Message Posted: Jan 4, 2013 1:30:40 PM

a very very bad deal
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Skunk63
Champion Author Phoenix

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Message Posted: Jan 4, 2013 1:19:49 PM

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.
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mastermariner
Champion Author Texas

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Message Posted: Jan 4, 2013 12:54:01 PM

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.
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Nicoalbum
Champion Author Ottawa

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Message Posted: Jan 4, 2013 12:42:23 PM

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
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Nicoalbum
Champion Author Ottawa

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Message Posted: Jan 4, 2013 12:40:30 PM

Most likely, consumer gasoline prices will go up with that

[Edited by: Nicoalbum at 1/4/2013 12:43:19 PM EST]
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Van_Halen
Champion Author Atlanta

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Message Posted: Jan 4, 2013 12:39:12 PM

.
@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!
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oilfreak
All-Star Author Houston

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Message Posted: Jan 4, 2013 12:38:51 PM

You gotta thank the narrow minded Americans who voted in Obama for his second term.
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BburgCW
Champion Author Virginia

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Message Posted: Jan 4, 2013 12:36:45 PM

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.

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BUSMAN1105
Champion Author Atlanta

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Message Posted: Jan 4, 2013 12:28:33 PM

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.
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bar1035
Champion Author Charlotte

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Message Posted: Jan 4, 2013 12:14:19 PM

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
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HorizonChaser
Champion Author Montgomery

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Message Posted: Jan 4, 2013 11:56:48 AM

Shame on Congress & 0bama!
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BoycotPetro
All-Star Author Illinois

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Message Posted: Jan 4, 2013 11:50:37 AM

@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?
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werich44
Champion Author California

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Message Posted: Jan 4, 2013 11:26:37 AM

And this surprises anyone?
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evowner
Champion Author Salem

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Message Posted: Jan 4, 2013 11:25:47 AM

Thank the Tea Party for raising your taxes while protecting the loop hole for the Koch Brothers.
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jeffbone
Champion Author Virginia

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Message Posted: Jan 4, 2013 11:12:45 AM

"Not Newsworthy"
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knutzAL
Champion Author Alabama

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Message Posted: Jan 4, 2013 11:11:09 AM

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?
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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.
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just sayin.
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Norm10
Champion Author British Columbia

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Message Posted: Jan 4, 2013 11:09:19 AM

Not surprising at all - how else would they reduce their debt when currently they are not even making minimum monthly payments towards reducing it.
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mitt4prez
Champion Author Tacoma

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Message Posted: Jan 4, 2013 11:05:33 AM

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!
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lesabreAZ
Champion Author Phoenix

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Message Posted: Jan 4, 2013 10:59:56 AM

1257/365=3.44 per day. Drink water instead of coffee and break even
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playtimeCLE
Champion Author Cleveland

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Message Posted: Jan 4, 2013 10:59:00 AM

I knew it had to happen sooner or later. This is what happens when presidents get into their second terms.
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eschroth442
Champion Author Cleveland

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Message Posted: Jan 4, 2013 10:48:44 AM

there goes more of my spendable income. all for obama-phones
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YaBassa
Champion Author Michigan

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Message Posted: Jan 4, 2013 10:36:20 AM

A return to a higher social security tax rate, that never should have dropped two years ago.
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qwerty17
Champion Author New Jersey

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Message Posted: Jan 4, 2013 10:31:38 AM

ouch.
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Buckeyee
Champion Author Maine

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Message Posted: Jan 4, 2013 10:25:32 AM

This is just the beginning of the cost of socialism, & you though all those " free " programs would be no cost to you.
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DrGasPain
All-Star Author Dallas

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Message Posted: Jan 4, 2013 10:20:01 AM

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?
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MOREDLEG
Champion Author Missouri

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Message Posted: Jan 4, 2013 10:17:50 AM

All according to Obammasiahs plan!!!
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Tekkersmom57
Champion Author Syracuse

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Message Posted: Jan 4, 2013 10:15:14 AM

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?
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deputydog082
Champion Author Detroit

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Message Posted: Jan 4, 2013 10:11:34 AM

hold on - this is just the beginning
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