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"Regardless of the emerging agreement, many Americans are all but certain to face a broad hike in taxes starting Tuesday because of the expiration of the payroll tax cut, which was enacted in 2011 as a temporary measure to boost economic growth."
That is the expiration of a temporary stimulus measure enacted by the Obama administration. Despite Obama's desire to extend it, there hasn't been much expectation that it would be extended.
Just curious to know why they owe you?
Your tax rate might not go up but your other costs will. The payroll deduction will be eliminated...you won't take home as much. You might get it back at the end of the year but the gov't will have it until then. Oh and if you are invested in anyway with a 401K or annuity fund, you will pay more for your ROI. BTW, the cost of goods will go up across the market for the increase costs associated with Obama care. Just keeps on getting better doesn't it.
We gotta get term limits in congress. These chumps are lifetime politicians and it's got to change. No reason we should have people in the senate for 40 years. Its not a dem or rep issue anymore.
The deal is between the senate gop and the president. House aint agreed to nothing.
Tired of paying for society's dead beats? Call ur house member tomorrow and tell them no deal without cuts to entitlements.
It is a complete bs "package". Believe me.
I had an accountant that made huge mistakes on my return ( Didn't have all of my mortgage interest deducted, multiplied my business mileage on my vehicle incorrectly, etc...) . I filed an amended return back in June. It takes 9-12 weeks, per the IRS, to process 3 pieces of paper. They decided on November 16th to send it to an "Examination Dept." that is supposed to respond after 30 days. On Dec. 17th they transferred it again to someone who told me to check back with her on January 15th.
This post was edited by blount4bama 16 months ago
It's politics. That's the problem.
Ok now that was well played.
"Nobody makes me bleed my own blood, nobody!"
I say we do away with 2 term presidents and go with each term is 6 years. That way there will be no one that owes special interests for getting them re-elected. I think we should be able to fire congress and house reps every year instead of 2 and 4. They always do this when they could have done it earlier and accomplished more than just this sad piece of legislation. Tired of the whole thing. Time for a revolution.
Water Cooler discussion IMO. A little consistency??
Actually all our taxes go up
Forget the affordable care act?
Well since this has gone this way....
NATIONAL SALES TAX. Is the only fair tax. Make all of these illegal aliens pay taxes like normal citizens. Make all of the criminals that make thousands upon thousands of hidden dollars, pay taxes. Eliminates all of the hidden loopholes for the wealthy. If you buy something , you pay taxes. Phase out all of these crazy tax codes.
CUT WELFARE FOR THOSE WHO DON"T DESERVE IT. You can get gov't assistance without providing a tax return. At least 25-30% of those that get some type of welfare don't even file taxes. Turn IRS agents into welfare investigators.
They don't care to listen. Unfortunately, those of us who care that we not end of like Greece are in the minority. Those of us that are even aware of the severity of the consequences are in the minority. This is the scary part.
Wish I could give you 40 up votes. I don't care anymore because the Dems have successfully marginilized the Repubs (with help from within the R party) to the point that I don't think the R's can win a national election again until possibly when we implode like Greece. What happens then when all the free loaders gravy train gets shut off and there is no EU to bail us out?
These idiots that are called the majority gladly give full power to one political party that is on a path that will destroy the USA and what made it what it is today. Its not "if" its "when".
To all the fools that buy the "Your taxes won'r go up BS"; Do you realize that the amount the Gov will take in is a pittance of the amount they dig the hile deeper every year? Do you also realize that everything you buy will get more expensive because those that produce (small business owners) will pass along the costs to the consumers? If they are lucky they keep their customers and you pay more for goods and services. If not they go under and add to the problem that the dems are creating purposefully.
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