Taxes going UP for those making UNDER $250,000

[MP]

Just had a breakdown of "Bush's tax cuts" expiring.   If they do nothing, a family of two making total of $100,000 per year will see taxes go up by about $3500.  The same family of 4 would see $4000+ increase.

If they exempt those under $250,000, that same family of 4 with $100,000 income, will see taxes go up by over $1700.  The reason being, Obama is eliminating some deductions allowed.  The deductions disappear either way.

So much for " NO tax increase for those under $250,000!"  What a LIE.

Also said that "If you like your health insurance, you can keep it the same".  Well, NOT.  Have already been notified by my insurance co., that as of Jan. 1 a number of things I can now pay for out of my own money in a health savings plan, I will no longer be able to. More record keeping needed also.  So, more expense to me.

Another LIE.

Did Obama tell ANY truths in his campaign?  Not many.

MP

[Jabba]

Go back and look at YOUR tax records for the last 10-15 years IF you have them.

Try to figure out what your tax liability was.  All your Income taxes, Fed State, and local, PLUS your social security and medicare assessments.  Don't forget to DOUBLE those as your Employer had to match what YOU paid in, and rest assured that was YOUR money.  You just NEVER got to see it. 

Add all that up and see what happens with it from year to year, and see what happens with your income too.

When I went from Clinton to Bush, my tax liability went DOWN by $4500 or so bucks a year.  as my income rose.  That's gonna GO away.  Plus they want to start TAXING your insurance benefits from your employer.  Think about adding that # directly to your W2 at the end of the year.  Not only do you have to pay MORE $$  but it's gonna slide you up in tax brackets too, and make you pay more of a % on ALL your income.

I'd like to see a Constitutional Ammendment limiting how much government can spend to about 25% of the GDP.  We typically run from 27% to 29%.  Make it part of the CONSTITUTION. 

Jabba

[Chrisj CMA]

Just had a breakdown of "Bush's tax cuts" expiring.   If they do nothing, a family of two making total of $100,000 per year will see taxes go up by about $3500.  The same family of 4 would see $4000+ increase.

If they exempt those under $250,000, that same family of 4 with $100,000 income, will see taxes go up by over $1700.  The reason being, Obama is eliminating some deductions allowed.  The deductions disappear either way.

So much for " NO tax increase for those under $250,000!"  What a LIE.

Also said that "If you like your health insurance, you can keep it the same".  Well, NOT.  Have already been notified by my insurance co., that as of Jan. 1 a number of things I can now pay for out of my own money in a health savings plan, I will no longer be able to. More record keeping needed also.  So, more expense to me.

Another LIE.

Did Obama tell ANY truths in his campaign?  Not many.

MP

He (Obama) did say one truth in the campains.....He said he was going to "fundamentally Change America"  He didnt say you were going to like it

[MP]

The taxes I listed are Income taxes ONLY.

MP

[Jabba]

The taxes I listed are Income taxes ONLY.

MP

Right... income taxes ONLY.   That means that the REALITY of it is going to be even WORSE!

Jabba

[MP]

+1

Wanted to stay with specific ones.  Not just "taxes are going up"



MP

[Jabba]

Peace Brother.  FairTax all the way.

THE BEST thing we could possibly do for our economy right now.

Jabba

[czuch]

Fair tax is too simple therefore it will never be instated.
Your tax-cheats in charge will not be able to skim.
The bearucRATS will have to loojk fr jobs.
That wont work

[G-Man]

But,....he promised.   

[Varmintmist]

But,....he promised.   

But he's not raising taxes, he just isnt going to extend the tax cuts.
?
?
?
In politicospeak, those are different things.

Same as when the Rep's tried to hold a lot of the entitlement programs at their current levels of increase (7-8 years ago). That was a cut. Because the percentage of their budget for the dept was not going to increase, it was a cut. They were still going to have more than they did the year before, but it was a cut.

[Tropic traveler]

Just had a breakdown of "Bush's tax cuts" expiring.   If they do nothing, a family of two making total of $100,000 per year will see taxes go up by about $3500.  The same family of 4 would see $4000+ increase.

If they exempt those under $250,000, that same family of 4 with $100,000 income, will see taxes go up by over $1700.  The reason being, Obama is eliminating some deductions allowed.  The deductions disappear either way.

So much for " NO tax increase for those under $250,000!"  What a LIE.

Also said that "If you like your health insurance, you can keep it the same".  Well, NOT.  Have already been notified by my insurance co., that as of Jan. 1 a number of things I can now pay for out of my own money in a health savings plan, I will no longer be able to. More record keeping needed also.  So, more expense to me.

Another LIE.

Did Obama tell ANY truths in his campaign?  Not many.

MP

Be mad, be disappointed, be upset, be anything you want to be about taxes going up under this bunch, but...... DON'T EVER BE SURPRISED.
Raising taxes..... It's what liberals do. 

[G-Man]

Be mad, be disappointed, be upset, be anything you want to be about taxes going up under this bunch, but...... DON'T EVER BE SURPRISED.
Raising taxes..... It's what liberals do. 

Right, they just don't pay them....Geitner, Kerry, Rangel, etc.

[Tropic traveler]

Be mad, be disappointed, be upset, be anything you want to be about taxes going up under this bunch, but...... DON'T EVER BE SURPRISED.
Raising taxes..... It's what liberals do.  

Right, they just don't pay them....Geitner, Kerry, Rangel, etc.

On that same note, one thing I have always wondered......
Do all the liberal celebs, big name lib politicos, major lib TV so called "reporters", and even right down to the liberal congressmen & senators that so oppose lowering taxes & LOVE tax increases pay the older higher tax rates when a tax lowering bill gets passed????
Betcha ALL the liberal bigshots took advantage of all the evil, horrible, unfair tax breaks that Bush 2 got through a few years back.
Talk about hypocrites.  
You know you can ALWAYS overpay your taxes if you truly believe!!!  HA!

[Walküre]

How strange...MORE scare and fear and smear tactics. The President vowed to keep the tax levels in place, EXCEPT for those making over $250,000. But, the Republicans, won't accept that. Here's several quotes and sources:

At a meeting with Congressional leaders of both parties, Mr. Obama vowed that Democrats would extend current income tax rates except for the wealthiest taxpayers. But Representative John A. Boehner of Ohio, the House Republican leader, said the tax cuts should be extended for everyone or else many small business owners would get hit with a big tax bill –- a contention that Mr. Obama disputed [...]

Source: http://news.firedoglake.com/2010/07/28/economists-public-support-letting-bush-tax-cuts-for-the-rich-expire/

Another quote - who do you think is standing in the way, of ONLY raising the over $250,000 a year crowd??

House Majority Leader Steny Hoyer (D-Md.) on Wednesday said tax cuts enacted under President George W. Bush and benefiting those earning more than $250,000 likely would be allowed to expire at year’s end. The plan aligns with President Barack Obama’s pledge to raise taxes on wealthier individuals.

Absent Congressional action, all of the Bush-era tax cuts will expire in December, including those on people making less than $250,000.

Obama and Democrats would like to extend the tax cuts on those making less than $250,000. But to do so, Hoyer said the third-top tax rate must be restructured since it affects earner making above and below $250,000. This means Democrats must introduce legislation that somehow splits this bracket so tax cuts for the middle-class are extended without affecting those earning more than $250,000. 

Source:  http://thehill.com/homenews/house/80133-democrats-supporting-ending-tax-cut-but-see-it-as-tough-sell

And one more:

The Obama administration is leading a Democratic move to let the cuts for the upper tax brackets expire, extending the cuts only for families and individuals earning less than $250,000 and $200,000 a year, respectively.

Source:  http://www.theatlanticwire.com/opinions/view/opinion/Here-Comes-the-Debate-Over-Letting-Tax-Cuts-Expire-4466

So, they want EVERYthing paid for, but they don't want US to pay for them...so, who's going to pay??

Hmm??

[fstsix]

Well you obviously did not read this,Or should i say like every Democrat that Shoved this up the American's A$$ you don't know what is in the NOT Health Care Bill, But We sure are glad we are gonna be TAXED Like a Millionaire >>>>Throughout his presidential campaign, then-candidate Barack Obama promised  the American people: “If you’re a family that’s making $250,000 a year or less, you will see no increase in your taxes.” After he became President, Barack Obama reiterated that pledge, promising the American people in his September 9th health care press conference: “The middle-class will realize greater security, not higher taxes.” But Obamacare does contain tax hikes. Tons of them. From taxes on tanning beds to taxes on employment and investments, Obamacare is a certified job-killing machine.

None of these taxes touches the lives of every American as closely as the individual mandate to purchase health insurance. For the first time in American history, Obamacare forces all Americans to purchase a product or face sanction from the Internal Revenue Service. This is clearly a tax, as pointed out by ABC News’ George Stephanopoulos during a September 20th interview with the President himself. In an exchange that can only be described as “Clintonesque” Stephanopoulos pressed President Obama to admit his individual mandate was a tax. But President Obama refused to acknowledge reality and denied it. Stephanopoulos was forced to read the definition of “tax” straight from Merriam Webster’s Dictionary. But even then Obama refused to come clean: “George, the fact that you looked up Merriam’s Dictionary, the definition of tax increase, indicates to me that you’re stretching a little bit right now. … Nobody considers that a tax increase.” Well nobody but President Barack Obama’s Justice Department.

The New York Times confirmed Friday that in preparation for defending constitutionality of the Obamacare individual mandate in court, an Obama Justice Department legal brief argues that the penalty used to enforce the mandate is “a valid exercise” of Congress’s power to impose taxes. Mr. Obama’s own Justice Department further repudiates the President’s earlier statement by noting that the penalty is imposed and collected under the Internal Revenue Code, people must report it on their tax returns, and that the Congressional Budget Office estimates that it will cost Americans $4 billion a year. Yale Law School professor Jack Balkin told a meeting of progressive activists last month that President Obama “has not been honest with the American people about the nature of this bill. This bill is a tax.”

The fact that the Obama administration and their allies are now admitting the individual mandate is a tax betrays their very real fear that the Supreme Court could find Obamacare’s individual mandate unconstitutional. In the bill itself, Congress identified the Commerce Clause as the source of their authority to force all Americans to buy health insurance. But as our legal team has made eminently clear, the mandate does not purport to regulate or prohibit commerce of any kind. To the contrary, it purports to “regulate”—and penalize—inactivity. If the Supreme Court allows the Obamacare individual mandate to stand, then Congress could do anything it wanted. They could: require us to buy a new Chevy Impala each year to support the government-supported auto industry; require us to buy war bonds to pay for the Iraq and Afghan wars; or force us to eat our vegetables.

But even if the Obama administration is now admitting the individual mandate is a tax, that still does not make the law constitutional. Rather than operating as a tax on income, the mandate is a tax on the person and is, therefore, a capitation tax. Therefore the 16th Amendment’s grant of power to Congress to assess an income tax does not apply. The Constitution does allow Congress to assess a capitation tax, but that requires the tax be assessed evenly based op population. That is not how the Obamacare mandate works. It exempts and carves out far too many exceptions to past muster as a capitation tax. The Obamacare mandate is still unprecedented and unconstitutional.

But perhaps more importantly, what does the episode say about the integrity of the White House? The President went on national television and insisted in unequivocal terms that his individual mandate was not a tax. Now his administration is saying the exact opposite. At what point do the American people lose all faith in this President’s word?

[Walküre]

None of these taxes touches the lives of every American as closely as the individual mandate to purchase health insurance. For the first time in American history, Obamacare forces all Americans to purchase a product or face sanction from the Internal Revenue Service.

Hmmm...direct cut and paste from:

http://www.jeffersongop.org/news/177-white-house-admits-obamacares-individual-mandate-is-a-tax

http://blog.heritage.org/2010/07/20/morning-bell-white-house-admits-obamacares-individual-mandate-is-a-tax/

http://askheritage.org/Answer.aspx?ID=1176

http://fixhealthcarepolicy.com/tag/obamacare/

http://plazabum.com/viewtopic.php?p=70039&PHPSESSID=400b2407d62c6b4ddc3c661e9fc196d9

http://www.the-daily-record.com/news/poll_forum/4856995

http://www.teapartysolutions.net/nationalissues.html

See any pattern here? As long as people follow the gloom and doom, fear and smear tactics of the NO!! party, we will continue to just switch back and forth. No one will see much remedy. They want EVERY thing "paid for"...well, EXCEPT the Bush Tax cuts. It's ok if we don't pay for THOSE!!

[Varmintmist]

How strange...MORE scare and fear and smear tactics. The President vowed to keep the tax levels in place, EXCEPT for those making over $250,000. But, the Republicans, won't accept that. Here's several quotes and sources:

Barry said that he was not going to raise taxes on people who made under (insert figure here because it changed a few times), and you and I both know that politicians never met a tax they didnt like. You are leaving out, off the top of my head, the marriage penalty, alternative minumum tax, and the death tax that will be reinstated as part of the Bush tax cuts that are going away. The only thing you are talking about is brackets. Not to mention that the taxes are already hitting folks making under 250K. You should here the complaints about the tanning tax here in the north, all those house moms that want tosted buns are NOT happy. The local salon advertised a tax rebate the week it went into affect.
They want to bust this through because they know that their hold on congress in lame duck and the election isnt even near yet.

BTW, we dont "pay for tax cuts, we "pay" for out of control spending. There is no revenue problem .

[fstsix]

What you Call fear we call reality. i have Personally spoke to Jay regarding home schooling Law before...Here's One more for ya..............................        
Federal Suit: Health Care Law Unconstitutional and Unenforceable

We filed our complaint in federal court in Washington, D.C. today - a direct challenge to the constitutionally-flawed federal health care law.

We represent five taxpayers and our lawsuit asserts that the mandate forcing Americans to purchase health insurance violates the U.S. Constitution and the religious rights of several of the plaintiffs.

The fact is this provision forcing Americans to buy health insurance is an unprecedented assault on the constitutional freedoms of Americans.  The Constitution specifically grants the federal government, including Congress, limited powers.  It's clear that this individual insurance mandate goes well beyond those enumerated powers and represents the ultimate power play - Congress and the federal government acting as if they possess a police power to pass and enforce any law that they deem advisable.  We're confident the court will conclude that this flawed provision is not only unconstitutional but unenforceable as well.

We filed our complaint in U.S. District Court in the District of Columbia on behalf of five U.S. residents and federal taxpayers:  Susan Seven-Sky from New York, Peggy Lee Mead of North Carolina, and three Texas residents - Charles "Eddie" Lee, Kenneth Ruffo, and Gina Rodriguez.

The complaint argues that the Patient Protection and Affordable Care Act's individual mandate, along with the imposition of shared responsibility payments for failing to buy and maintain qualifying health insurance, "exceeds the power of Congress" and is "unconstitutional and cannot be enforced."

"Mandating that individuals purchase health insurance is an unprecedented and unconstitutional expansion of congressional power, as Congress has never before required individuals to involuntarily buy a good or service under the guise of its Commerce Clause authority," the complaint asserts.

The suit also argues:  "If Congress succeeds in asserting this unprecedented claim of authority, it would set a sweepingly broad standard unsupported by the Constitution that would allow Congress to dictate to individuals that they must, or must not, buy countless other goods or services in the marketplace. To interpret the Commerce Clause to afford Congress such vast, all-encompassing authority over the daily lives of Americans would eviscerate the idea of a federal government of limited powers."

Further, the lawsuit contends that the health care law violates the rights of three of the plaintiffs - Seven-Sky, Mead, and Lee - under the Religious Freedom Restoration Act of 1993 (RFRA).  The suit argues that the requirement to purchase health insurance, under the threat of significant financial penalties, "substantially burdens the exercise of their religion." As the suit explains:  "They are forced to either join a health insurance system that contradicts the tenets of their faith or pay substantial penalties for following the tenets of their faith."

You can read the complaint here.

The defendants named in the suit include: U.S. Attorney General Eric Holder, the U.S. Department of Health and Human Services, along with HHS Secretary Kathleen Sebelius as well as the U.S. Department of the Treasury and its Secretary, Timothy Geithner.

The suit requests that the court declare the individual mandate provision unconstitutional, declare that the defendants violated the rights of three of the plaintiffs under the Religious Freedom Restoration Act , and issue a permanent injunction against the enforcement of the individual mandate provision.

As you know, just two days ago, we filed an amicus brief - in support of Virginia's legal challenge of the health care law - representing 28 members of Congress and more than 70,000 Americans opposed to the individual mandate provision of the health care law.  You can read that brief here.

We're also planning to file an amicus brief in support of Florida's legal challenge of the health care law.

This is important litigation and we will keep you informed as developments unfold.http://www.aclj.org/TrialNotebook/Read.aspx?ID=960
 

[Scanner]

You know, nobody reads those piles you paste all over the board.  Especially 15 paragraphs about somebody filing a lawsuit.  

Do you have any idea how many lawsuits are filed daily? Me neither, but I'm guessing hundreds of thousands.....

When they win a lawsuit let us know....

[fstsix]

You know, nobody reads those piles you paste all over the board.  Especially 15 paragraphs about somebody filing a lawsuit.  

Do you have any idea how many lawsuits are filed daily? Me neither, but I'm guessing hundreds of thousands.....

When they win a lawsuit let us know....

Nobody read the Health Care Bill either! You obviously don't know who Jay is LOL!!! How about that TRAPDOOR you didn't read about on your OWN POST Hahahah!! I am sorry you like to talk and type rather than read our listen