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Posted on 04/09/2013 8:26:37 PM PDT by logi_cal869
Obama lied! say it ain’t so. /s
I don’t follow his economic reasoning. If the inflation calculation comes up with a zero, is that a tax increase too?
and what are they saying ‘middle class’ income is these days?
His budget will get zero votes this time as well.
You just misheard. That’s all.
My bad.
I'd say it's anybody who has income that is actually earned.
Just remember, those who voted for him and still love him will have to pay, too. If you have co-workers every payday you can look at them and ask “Did your with holdings go up? I wonder why.”
Who you gonna believe, Obama or your lyin' ears?
LOL!
It’s probably a good thing that the morons who voted for Obama don’t pay taxes. They’d be pissed. Well, they might be pissed if someone on the nightly news tells them to be.
This is tricky, which is why Obama thinks he can get away with it:
If the inflation number used for indexing tax brackets and the exclusion in the Alternative Minimum Tax is lower than the rate at which incomes increase in nominal dollar terms due to inflation, then there is a hidden tax increase (the old term was “bracket creep”). However, the author’s assertion that lowballing the inflation rate for application in the tax code constitutes a tax increase on all tax-payers seems unfounded. If, as you suggest, they pretend the inflation rate is zero, all the brackets and the like stay the same, so everyone whose income in nominal dollar terms is static won’t feel a tax increase — they’re just being screwed by inflation eroding the value of their income.
and what are they saying ‘middle class’ income is these days?
‘Middle class’ income is any income earned by anyone who is actually stupid enough to work that can be transferred to the moochers in return for votes
Well, at least we know that he was able to party tonight.
Because they are not paying their fair share, don’t you know.
If you had a Spam sandwich within the last year, you are rich.
Middle class, you got to lick the plate.
This will affect the amount of the cost of living allowance COLA given yearly to Social Security recipients, which also affects the COLA for federal and postal retirees.
“Read my purple lips. There will be no...”
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