Obama's muddled economic plan

[Danzig]

Originally Posted by jms62

You do realize I was being sarcastic, right.

ok.

[lord007]

Originally Posted by Danzig

tax brackets remain in place thru this year, but if no adjustments are made, all brackets revert to what they were in 2000. which means a big increase. oh, and look what 2013 isn't-an election year.

then there's the alternative minimum tax:


More AMT victims, higher taxes
On today's tax returns, when an AMT payment is required, affected taxpayers could end up paying thousands more in taxes. Absent any law change, by 2015, some estimates predict that nearly 50 million filers could end up paying this parallel levy.

Why the increase? Because the tax is not indexed for inflation. Without that annual adjustment, your yearly raises of a few percentage points have been moving you closer or even into the income realm that the tax law deemed almost 40 years ago as prime AMT bait.

You could owe AMT if your taxable income in 2010 was more than:
•$72,450 for a married couple filing a joint return and surviving spouses.
•$47,450 for singles and heads of household.
•$36,225 for a married person filing separately.
Congress regularly bumps up the earnings amounts to keep more middle-income filers from paying more under the system. While that law change helps out millions of taxpayers who might otherwise pay the AMT, the uncertainty of when and how much relief will be provided is a constant area of frustration for taxpayers who have encountered or might face the alternative minimum tax.

http://news.investors.com/Article/59...back-taxes.htm...speaking of taxes

[Danzig]

Originally Posted by lord007

http://news.investors.com/Article/59...back-taxes.htm...speaking of taxes

wow.

but really, is that a correct report?? i could have sworn obama said he'd have the most ethical...

oh, what's the use? i said he was lying then, and apparently he was. four more years!! four more years!

[Danzig]

http://www.nytimes.com/2012/01/26/us...l-hurdles.html


now dems are serious?


maybe super serial?

[Danzig]

129036995977101796.jpg

[Clip-Clop]

How about a simple "fair share" checkbox on the forms? This way all those wealthy members of Congress could set an example this year about how serious they are.

[Riot]

Originally Posted by Danzig

wow.

but really, is that a correct report?? i could have sworn obama said he'd have the most ethical...

oh, what's the use? i said he was lying then, and apparently he was. four more years!! four more years!

It's also Obama's fault that elected officials and lifetime government workers in Chicago owe back taxes

The tax offenders include employees of the U.S. Senate who help write the laws imposed on everyone else. They owe $2.1 million. Workers in the House of Representatives owe $8.5 million, Department of Education employees owe $4.3 million and over at Homeland Security, 4,697 workers owe about $37 million. Active duty military members owe more than $100 million.

Yes, Obama is clearly responsible for this. It's all his fault. And he clearly supports people owing back taxes.

Good god, the ridiculousness of Obama Derangement is palpable.