Skip to comments.Prepare for your Tax Increase
Posted on 09/23/2012 10:23:25 AM PDT by sr4402
Every working American needs to prepare for a tax increase this January. From the working poor who will receive an increase of 70% to only 13 percent for the highest bracket, the Democratic United State Senate has left in place a tax increase for all of us.
They left in a hurry leaving the tax increases in place Before the Election. They left without doing their duty to pass a budget, and they left the Social Security Tax increase of 2%, adding insult to injury.
One can only surmise they left these as the only tax increase they could get upon those they are envious of. The rest of us know these as employers and those who would like to hire more folks but with these increases, won't.
So hold out you wallet, working Americans and repeat after me: Tax Man - Help Yourself.
And do let any Democrat you know how much you love higher taxes and less for your families- at the Ballot Box this November.
Oh and to hear the libs rant about Romney paying too much taxes and whining about WHO he gave his charitable money to, it is beyond ridiculous.
The tax increases won’t hurt us, well it will affect our total savings amount each month, but it’ll hurt the poor much more and the Dem’s claim they love them and help them. Hmmmm
thats all they want...mo money
Oh yes, we've got to find about $450 to cut each month. Remember, its the tax increase PLUS Social Security going up.
We just have to find where to ax next?
And Obama is trying to pass an Income Tax disguised a Wealth Tax.
Obama will take more income tax from someone that may only have income over $200,000 in one quarter or year. That will be many small business owners who could hire instead of paying more taxes.
the Dems claim they love them and help them. Hmmmm
Of course the dems love poor people, that’s why they’re trying to make everyone poor
The DemoSoviet Party:
Looter of the American people.
‘Just another reason to actually not get a job. Why just pass it along to a government run by a socialist?
There's that. But for us, this is not academic. The increased taxes are going to hit us hard. It will hit my daughter who just got her first job.
The vast majority of working Americans may find out this truth very shortly.
“It will hit my daughter who just got her first job.”
Congratulations on her job! Our son decided to leave the country for one.
If zero wins the markets will have to collapse. In addition to those taking their last capital gains before the new higher tax, economic contraction estimated at 4-5% looms. At least for a while, gold might be a good buy if it follows the markets as it has recently.
If zero wins Free republic’s utility will be primarily as a resource for preppers, that is as long as zero doesn’t shut it down.
We are rapidly approaching the time where voting is no longer effective.
My current yearly SS statement claims that SS will be only able to pay 75% of benefits by 2033.
My principal budget axe falls at the restaurants where I eat dinner each evening. I’ll figure out how to cobble up dinner at the house where I rent a room. Amazon and Fry’s will see less business. VerizonWireless may lose my business too. The 900 mile drive home to visit my family may be limited to a visit in June for my wedding anniversary and another for Christmas.
I don’t have to concern myself with capital gains. My stocks are all below basis price.
You may not have gains, but those that bought stocks like Apple and those that bought in March when the market dipped below 8k will have gains. As they sell to avoid the tax, the market price of many stocks will go down, including yours.
March 2009 that is.
Most of my stock is in my employer’s company. Values dropped in half. A hot shooting war might actually improve the values. Obama’s gutting has killer DoD related stocks.