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  1. #1
    Sinner's Swing! Jesus H Christ's Avatar
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    12.14.17 @ 10:05 PM
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    Default Payroll tax increase

    Last week Congress got a raise...This week my payroll taxes increased...a pay cut courtesy of the Federal Government. Great. We need a Revolution.

    http://www.npr.org/2013/01/03/168564...class-families
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  2. #2
    Atomic Punk Dave's Dreidel's Avatar
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    12.15.17 @ 06:34 AM
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    Actually, your taxes didn't increase, the short term tax cut expired.

    I know it sucks, but it was a stupid tax cut anyway. There are plenty of ways to fix the mess we are in, but lowering the Social Security tax is not one of them in my opinion.
    Taylor Swift is nice to look at. Adele can sing.

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  3. #3
    Banned! phillybri76's Avatar
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    11.25.15 @ 10:51 AM
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    Quote Originally Posted by Dave's Dreidel View Post
    Actually, your taxes didn't increase, the short term tax cut expired.

    I know it sucks, but it was a stupid tax cut anyway. There are plenty of ways to fix the mess we are in, but lowering the Social Security tax is not one of them in my opinion.
    What he said...

  4. #4
    Atomic Punk Dave's Dreidel's Avatar
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    12.15.17 @ 06:34 AM
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    Quote Originally Posted by phillybri76 View Post
    What he said...
    It does seem obvious that when Social Security is most likely underfunded to be able to pay for it's future outlays, that the response Congress shouldn't take would be to cut the Social Security tax revenues.

    It would be like saying "I'm having a hard time paying my mortgage, so I should quit working, that will fix it."
    Taylor Swift is nice to look at. Adele can sing.

    Emperor Brett - "I can't believe you guys are analyzing song-by-song Van Halen III? What next, analyzing the script of Stroker Ace looking for some shred of Citizen Kane?"

    David Lee Roth did the impossible. He made Van Halen better. Deal with it!

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  5. #5
    Sinner's Swing! Jesus H Christ's Avatar
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    12.14.17 @ 10:05 PM
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    There are no stupid tax cuts...I pay more for gas, food, insurance, local property taxes, fees, tolls ect. than I did two years ago when the payroll tax cut went into effect. This hurts. I live within my means, I'd like to see my government do the same.
    "The less I needed, the better I felt." ~ Charles Bukowski.

  6. #6
    Forum Frontman It's Mike's Avatar
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    12.15.17 @ 08:42 AM
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    Default

    Quote Originally Posted by Jesus H Christ View Post
    There are no stupid tax cuts...I pay more for gas, food, insurance, local property taxes, fees, tolls ect. than I did two years ago when the payroll tax cut went into effect. This hurts. I live within my means, I'd like to see my government do the same.
    when your govt is running huge deficits every year then any tax cut is a stupid tax cut. You're right about they need to learn to live within their means though. But until there's appears to be any evidence of this then cutting taxes just makes the problem bigger.

  7. #7
    Banned! phillybri76's Avatar
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    11.25.15 @ 10:51 AM
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    Quote Originally Posted by Jesus H Christ View Post
    There are no stupid tax cuts...
    Directly from the Grover Norquist school of economics.

    If that's the case, then let's just get rid of all taxes and this whole thing will just take care of itself...

  8. #8
    Sinner's Swing! Jesus H Christ's Avatar
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    12.14.17 @ 10:05 PM
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    Quote Originally Posted by It's Mike View Post
    when your govt is running huge deficits every year then any tax cut is a stupid tax cut.
    How about some spending cuts??? That's a good start.
    "The less I needed, the better I felt." ~ Charles Bukowski.

  9. #9
    Forum Frontman It's Mike's Avatar
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    Default

    Quote Originally Posted by Jesus H Christ View Post
    How about some spending cuts??? That's a good start.

    Gotta be both.

  10. #10
    Atomic Punk lovemachine97(Version 2)'s Avatar
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    12.15.17 @ 09:10 AM
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    Yeah but the current administration wants both except mostly on the revenue side. That's impossible. A majority of the mess is due to spending increases not tax cuts. Tax receipts as a percentage of GDP have been basically stable since WWII. On the flip side, in real dollars, our budget is 61% higher than Clinton's last in 2000, and basically double if you don't account for inflation.

    Obama's 1st cliff offer was $600B in cuts, $1.5T in revenue over 10 years. That's how he wants to do it. Impossible.

  11. #11
    Forum Frontman It's Mike's Avatar
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    Quote Originally Posted by lovemachine97(Version 2) View Post
    Yeah but the current administration wants both except mostly on the revenue side. That's impossible. A majority of the mess is due to spending increases not tax cuts. Tax receipts as a percentage of GDP have been basically stable since WWII. On the flip side, in real dollars, our budget is 61% higher than Clinton's last in 2000, and basically double if you don't account for inflation.

    Obama's 1st cliff offer was $600B in cuts, $1.5T in revenue over 10 years. That's how he wants to do it. Impossible.

    No argument from me.

  12. #12
    Atomic Punk Raldo's Avatar
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    12.15.17 @ 03:59 AM
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    Default

    Only in America.
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  13. #13
    Atomic Punk Dave's Dreidel's Avatar
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    12.15.17 @ 06:34 AM
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    I am going to keep saying until maybe someone in Congress understands it.

    America does not have a revenue problem by analytical review. Our revenues have increased plenty in the last twelve years.

    However, our spending has SKYROCKETED. America has a spending problem, and now has a debt problem. If we were raising taxes to take care of the debt problem, I would have no problem with it, we have had some serious shit go down economically the last twelve years. BUT, if you are just increasing taxes so that everyone's pet pork projects don't get cut, well, we are really just digging a deeper hole.
    Taylor Swift is nice to look at. Adele can sing.

    Emperor Brett - "I can't believe you guys are analyzing song-by-song Van Halen III? What next, analyzing the script of Stroker Ace looking for some shred of Citizen Kane?"

    David Lee Roth did the impossible. He made Van Halen better. Deal with it!

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  14. #14
    Forum Frontman It's Mike's Avatar
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    Quote Originally Posted by Dave's Dreidel View Post
    I am going to keep saying until maybe someone in Congress understands it.

    America does not have a revenue problem by analytical review. Our revenues have increased plenty in the last twelve years.

    However, our spending has SKYROCKETED. America has a spending problem, and now has a debt problem. If we were raising taxes to take care of the debt problem, I would have no problem with it, we have had some serious shit go down economically the last twelve years. BUT, if you are just increasing taxes so that everyone's pet pork projects don't get cut, well, we are really just digging a deeper hole.
    couldn't agree more. It's amazing that no one has been able to put a plan together to do both (you know cut expenses and raise revenue) in order to start running surpluses and actually start paying off some debt. Does anyone in Washington own a fucking calculator? Canada went through the same thing in the 90s and then rattled off a decade worth of surplus budgets and paid off a nice chunk of debt which helped us during this most recent mess. Is it possible that no one in DC can look at that model and fucking copy it? Those idiots are gonna drag the whole western world into a shithole. Idiots.

  15. #15
    Eruption Dr5115's Avatar
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    12.15.17 @ 12:52 AM
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    Quote Originally Posted by It's Mike View Post
    Is it possible that no one in DC can look at that model and fucking copy it? Those idiots are gonna drag the whole western world into a shithole. Idiots.
    I think the re-election rate of congressman/senate was above 90% in the recent election. Scary

 

 

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