Finally.
Every working American just got a 32% increase in their Social Security taxes.
Left out part employer pays. Will translate to layoffs to compensate.
Payroll tax deflection from:
the price pressures upward due to more cliff government paychecks in circulation: 1. Essentials prices rise and 2. the sales taxes (city, state, etc.,)on everything increase, 3. As less buying due to high prices increase unemployment.
Listen you capitalist pig dog, you need to understand in that puny commerce related brain that the rich need to pay for ALL the other years they WERE NOT paying their fair share and by this it means they have to pay for all rich people from last AT LEAST 7,000 years.
They still have so much to PAY for because we won;t be happy until they have no money and even then they should pay with their lives....
Hail Mao, Stalin and Pol Pot.....
(Frothing Leftie Mode Off)
While the cut in FICA was cutting granny off at the knees, the Bolshies promised that the rich would make it right. The double taxation is that the price of goods will go up. The DumBO voter will have his FICA returned to normal (as a SS recipient, I thank you), and, he will have to pay more for his 16oz. drink (for which, I don’t thank you).
The question now remains, when will everyone else pay their fair share? (Except me, I’m on a fixed income.)
I would forego SS, if the Bolshecrats, had not destroyed the private sector in the name of giving me more. The solution is in sharing the wealth, not redistributing it. Protecting a vibrant private sector grows the economy more than a moribund society without reward.
This was a temporary reduction in the traditional FICA tax rate!
These people are idiots but we all knew that!
The real tax increase comes from obastard care and the upper income bracket increase.
The “Rich” can never pay their fair share, because the Left never defines what they mean by “fair share”, and they never define what they mean by “rich”. It’s a constantly shifting goal post.
But really if you boil it down, “rich” means “anyone with more than me”, and “fair share” means “more”.
Sorry,Problem is The Boss Obama says it is Not over,just the Beginning