Posted on 12/23/2012 8:08:16 AM PST by TurboZamboni
Families, Average Income $70,662: $4,138 tax increase. Baby Boomers, Average Income $95,099: $4,223 tax increase Low Income Workers, Average Income $24,757: $1,207 tax increase Millennials, Average Income $23,917: $1,099 tax increase Retirees, Average Income $42,553: $857 tax increase
Note that these income figures are Adjusted Gross Income (AGI). Number of filers and AGI are estimates for 2013. Take a look at the full details here.
Interestingly enough, liberals say this is a bad thing, but for them it would simply be returning to the Clinton Era Tax rates, right? Arent they the ones who have been saying those were the happy days of strong economic growth, prosperity and surpluses? Unfortunately, only the liberals in power will be happy. Those that follow them are in for a rude awakening.
(Excerpt) Read more at freedomoutpost.com ...
That is a ridiculous statement. The liberals will never be happy. They will see that as making things the way they should have been and move on to some other Utopian demand to batter and wear down the right.
When they realize they are also paying the rates they will be pissed.
Some will even wake up, slowly
When they realize they are also paying the rates they will be pissed.
Some will even wake up, slowly
But...But... But... Bush only cut taxes for the rich??? Why should anyone else care if these Bush tax rates end? How can we be facing the "largest tax increase in history" when it was only the rich who got a tax break?
Ok, so if we're going back to "Clinton era tax rates", then that raft of new taxes coming down the pike as a result of Barrycare, all go away right...?
On the plus side at least the article referred to them as "Bush tax rates" and not tax cuts. Even if we avert Taxmageddon, NOBODY will see their taxes go down.
I don’t know about liberals but it sure makes me happy ! The only chance we have to win the elections again is if these people have skin in the game. Only when they don’t pay do you get Sandra Fluke, amnesty, 50 million on food stamps. They don’t even care or whine about the approaching $20 trillion in debt because they don’t have a stake, or, at least a tangible one they can feel. They never say “you spent my friggin’ money on what ?!?” Make ‘em pay and save the United States.
Liberals will be unaffected by the increasing tax rates because they just cheat on their tax returns. Look at most of Obama’s cabinet, Tim Geithner, Charlie Rangel. They’re all tax cheats. Liberals also don’t care about eliminating the charitable deduction because they don’t give to charity.
And since their (our) withholding was based upon the earlier rates most of us will be cutting a check - many for the first time.
Happy Øbongo Day
“The End of Bush Tax Rates Should Make Liberals Happy”
Nothing makes liberals happy.
I’m guessing this wont generate the revenue the Feds think it will.
We aren’t making the salaries we were back in the 2006, though it will hurt worse.
Since the Clinton tax rates have not been adjusted for inflation, they will negatively affect more people.
Bush got the taxes cut because Clinton had taken us into a recession. JMHO but those increases Clinton got may have been the reason. You can’t tax to prosperity. But for some insane reason the libs keep trying.
Nothing makes a spoiled child happy.
Yes. I never understood why liberals call it a “cliff”. They love raising taxes and cutting defense. Of course other stuff gets cut also but so what? Defense gets it. That should make them happy
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