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Higher Payroll Tax Pinches Those With Least to Spare
NY Times ^ | 2/7/13 | NELSON D. SCHWARTZ

Posted on 02/07/2013 12:38:14 PM PST by jimbo123

Jack Andrews and his wife no longer enjoy what they call date night, their once-a-month outing to the movies and a steak dinner at Logan’s Roadhouse in Augusta, Ga. In Harlem, Eddie Phillips’s life insurance payment will have to wait a few more weeks. And Jessica Price is buying cheaper food near her home in Orlando, Fla., even though she worries it may not be as healthy.

-snip-

“You got to stretch what you got,” said Mr. Phillips, 51, a front-desk clerk and maintenance man for a nonprofit housing group who earned $22,000 last year. “That little $20 or $30 affects you, especially if you’re just making enough money to stay above water.”

-snip-

“I don’t see any reason to consider supporting its extension,” said Timothy F. Geithner, the Treasury secretary, in testimony last year. Even Nancy Pelosi, a reliable liberal who leads the Democratic minority in the House of Representatives, was for letting it expire.

(Excerpt) Read more at nytimes.com ...


TOPICS: News/Current Events
KEYWORDS:
Aren't liberals supposed to be overjoyed when they have the chance to pay more in taxes?
1 posted on 02/07/2013 12:38:18 PM PST by jimbo123
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To: jimbo123

Of course, they are “investing” in America’s infrastructure


2 posted on 02/07/2013 12:41:53 PM PST by AppyPappy (You never see a massacre at a gun show.)
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To: AppyPappy
Again ... keep it going through all your conversations ..

"Elections have consequences."

3 posted on 02/07/2013 12:46:17 PM PST by Rocky Mountain Wild Turkey ("I have an open mind ... just not so open that my brain falls out onto the floor!!")
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To: jimbo123
Obama Lemmings on the March!


4 posted on 02/07/2013 12:48:11 PM PST by SoFloFreeper
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To: jimbo123

This is a dishonest article. They are not “payroll taxes” they are contributions to Social Security. Social security has been threatened with bankruptcy and will be insolvent in a few years.

The NYT people are hypocrites.


5 posted on 02/07/2013 12:52:14 PM PST by detective
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To: Rocky Mountain Wild Turkey

Don’t they know they are just helping all those gazillion 99+ week people and those on SSI? Certainly wouldn’t want to cut their freebies. Better to decrease the income of working people.


6 posted on 02/07/2013 12:52:51 PM PST by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: jimbo123

They got what they voted for, and they aint seen nothing yet.


7 posted on 02/07/2013 1:00:36 PM PST by Venturer
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To: detective

“This is a dishonest article. They are not “payroll taxes” they are contributions to Social Security. Social security has been threatened with bankruptcy and will be insolvent in a few years.

The NYT people are hypocrites.”

Yes, I believe that the so-called tax cuts that employees have experience over the last couple years should never have been given in the first place. To underfund the Social Security program even more than it already is was almost criminal. I thought at the time that it was a deliberate attempt to hasten the crash of the SS program.

I may be getting to be uncaring, but I find it hard to feel sorry for the Obama voters that thought only the “evil rich” were going to see tax increases, and not they, themselves.


8 posted on 02/07/2013 1:01:54 PM PST by MNGal
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To: jimbo123

Do Freepers think the payroll tax cut should have been extended? I don’t. Most Americans, including the poor, voted for big government, and I want them to pay for it.


9 posted on 02/07/2013 1:02:58 PM PST by reaganaut1
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To: jimbo123

They should have read the fine print, tax cuts to expire after the elections....Now with gas on the rise again, currently more than $4 in Southern CA, people’s budgets are going to be squeezed even more.


10 posted on 02/07/2013 1:05:43 PM PST by psjones (u)
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To: jimbo123

If they voted for 0bama I am glad that they got what they asked for.


11 posted on 02/07/2013 1:07:16 PM PST by forgotten man (forgotten man)
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To: jimbo123

They will shop around for hard luck cases to make their point.

The only person I know that has complained about this, is having true difficulty. But she spends $500 per month on pets.

She can get a $6,000 after tax “raise” annual anytime she wants.


12 posted on 02/07/2013 1:08:03 PM PST by cicero2k
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To: jimbo123

This is a tax “cut” that should have never been enacted in the first place.


13 posted on 02/07/2013 1:09:03 PM PST by Paradox (Unexpected things coming for the next few years.)
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To: reaganaut1

I didn’t vote for it and I don’t want to pay for it.


14 posted on 02/07/2013 1:11:03 PM PST by 3Fingas (Sons and Daughters of Freedom, Committee of Correspondence)
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To: jimbo123

Hey, America wants an overly-generous “social insurance” system? America has to pay for it. Of course, what America really wants is a middle class Welfare system paid for by “the rich” which they pretend is a social insurance system to make themselves feel better. The higher payroll taxes are just a very small preview of what is going to happen over the next several decades as we can no longer borrow or tax the “rich” to pay for ever expanding social welfare benefits. The tax bite will finally hit the middle class, only at that point, there will be no way to turn back.


15 posted on 02/07/2013 1:21:01 PM PST by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: reaganaut1
Do Freepers think the payroll tax cut should have been extended?

Only if there was a plan to phase out and eliminate SS. Since that's not the case, it was incredibly irresponsible, even for OUR government to underfund the Ponzi scheme, increasing the acceleration to insolvency. Actually, I believe that it's been insolvent for at least a year, paying out more than it takes in.

Mark

16 posted on 02/07/2013 1:31:23 PM PST by MarkL (Do I really look like a guy with a plan?)
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To: jimbo123

Obama voters = idiots = suckers.


17 posted on 02/07/2013 1:42:54 PM PST by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: MarkL

Is not its insolvency caused by the 50,000,000 aborted Americans that would at this point be paying INTO Social Security? Choices have consequences.


18 posted on 02/07/2013 1:43:37 PM PST by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: jimbo123

Oh come on! The government needs that money to feed the poor folks!
My reduction this year with the combined taxes and our increased health insurance contribution is a net loss of $40 per month, after a raise. In july the health care cost will increase and I will be down $120 a month. That is $1440 a year that I am losing that to our government.


19 posted on 02/07/2013 1:58:40 PM PST by vpintheak (Occupy your Brain!)
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To: detective

The payroll tax, ie, contributions to social security, was the STUPIDEST tax to cut,

so of course, that’s the one he had cut.

SS is already going bankrupt, and it’s “as if” he intentionally accelerated it with his “tax cut”.


20 posted on 02/07/2013 2:02:27 PM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: vpintheak

Or, in “libspeak”, that’s $1440 that the government doesn’t have to spend to give you a tax break.


21 posted on 02/07/2013 2:03:48 PM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: vpintheak

Sorry... posting that almost made ME vomit, it’s so hideous.


22 posted on 02/07/2013 2:04:23 PM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: MrB

Makes me almost vomit thinking of it!


23 posted on 02/07/2013 6:26:41 PM PST by vpintheak (Occupy your Brain!)
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To: SoFloFreeper

That’s a great video clip, which I saved quite some time ago. But I was wondering who created it or where it might be from?


24 posted on 02/07/2013 7:59:46 PM PST by Road Glide
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