They’re ready to jump off a real cliff.New Yorkers of all income levels got a rude awakening yesterday when they saw in The Post how much more they will pay in taxes next year without a fiscal-cliff deal by Jan. 1. “It’s that much higher?” asked IT worker Vikas Kataria, 34, who discovered that his combined household income of about $250,000 per year will cost him nearly $10,000 more in taxes. “I thought it was a couple thousand — but that’s a lot,”
A big thank you to President Bush, who saved families so much money over the past 10 years. Obama messed with your heads and fooled you! Did you actually believe the Liar and the democrat bee ess artists? Bush tax cuts for the millionaires and billionaires? ha ha ha Next time, pay attention to Republicans, the party of lower taxes for ALL Americans.
I can´t believe how hard the $500,000 club is getting hit.These people are totally crazy if they don´t think it´ll kill the economy.Obama continues to be invisible but Gowdy says there´ll be a deal so I guess he knows.
Whatever...this is all part of, "the script". More Kabuki theater for the rest of us. Taxes have been stealthily going up 3 to 5% a year for the past few years through Fed debasement. This is just more of the same. Government wins, you lose...
It is sad how so many did not noticed the tax cuts when they first happened! Now they notice and now the Dems admit that everyone got a tax cut and 5 to 10% were actually taken off the tax rolls! I wish that Fasick had asked the people he spoke to who they voted for? Here in Maryland, you are rich if you make $100,000 per year or $150,000 per year if married! I am sure that the gays who get married in Maryland will be glad to pay this marrige tax!
#3, #14 - You beat me to it. I was going to say that this is just an expiration of the Bush "tax cuts for the rich" that the liberals have been telling us we have to get rid of for years. So, now we go back to the rates under Clinton, which liberals are always telling us produced the "surplus" that Bush inherited. So, what´s their problem?
Getting hit with a 2 X 4 upside the head for the past four years apparently didn´t make these people realize what they were voting for. Now that Obama has his sticky fingers in their wallets, the eyes are opening.
Absolutely no sympathy for these people. They VOTED FOR this! In 2008 they ASKED for it and in 2012 they ASKED for another one. These morons climbed into bed with Obama and now they are being told to leave their wallets on the dresser on their way out.
I keep hearing liberals say they simply want to go back to the Clinton tax rates. Well, that is exactly what will happen if the cuts expire yet a lot of those same Democrats say going over the cliff will be a disaster for our economy. I agree. Democrats are a disaster for our economy.
Hey, someone has got to pay for all those Obamaphones and GM Volts.
While some folks under the old 28% rates under Clinton moved to the lower 25% rate under Bush, the bulk of those folks were actually moved to a lower tax bracket entirely - to 15%. Going over the cliff they move back to 28%.
The real screams are going to come from the less than $50,000 income folk. The end of payroll tax holiday is going to hit hard. So will end of the low income tax credits that come in the form of a government check each month to the baby mommas. Some of those baby daddies are going to be really hurt when the checks stop coming. And the Bush rates pushed a lot of low income folk off the tax rolls. Voila, their checks will be smaller in January. Ninety percent of the new tax revenue coming is from the non-rich. There´s going to be a whole lot of squealing around the Democrat troughs in January.
Susan Patton, the Princeton alumna who became famous for her letter urging Ivy League women to use their college years to find a mate, has been denounced as a traitor to feminism, to coeducation, to the university ideal. But really she’s something much more interesting: a traitor to her class. Her betrayal consists of being gauche enough to acknowledge publicly a truth that everyone who’s come up through Ivy League culture knows intuitively —
A New York hedge fund manager allegedly swindles $12 million from a prominent Baltimore family. An Indiana couple is accused of bilking hundreds of customers by charging for free trials of cosmetic products. A financial manager in Texas promises 23-percent returns but absconds with $33.5 million of his investors’ money in a classic Ponzi scheme.All three cases have one thing in common: money that ended up in offshore accounts and trusts set up in tax havens around the world.
Former News Corp president Peter Chernin has bid around $500 million for Hulu, the online video streaming service he helped create in 2007, according to two sources with knowledge of Hulu´s sale process. The website, jointly controlled by News Corp and Walt Disney Co, reached out to potential buyers in March after initially contemplating a deal in which one would buy out the other. It is not clear whether that transaction is still being contemplated.
After lengthy investigations, the Pentagon has determined that three Army generals committed misconduct in separate incidents, adding to an unusually long list of senior military commanders who have been censured over the past year.On Friday, defense officials confirmed that Army Maj. Gen. Ralph O. Baker, the commander of a strategic counterterrorism force on the Horn of Africa, was fired March 28 on charges of sexual misconduct. Two officials familiar with the case said Baker was investigated for allegedly groping a female civilian employee after he had been drinking.
The Obama administration appeared eager Thursday to downplay the North Korean military’s latest threat that it has the final authority to carry out “cutting-edge, smaller, lighter and diversified” nuclear strikes on the United States.“This is just the latest in a long line of aggressive statements,” (Snip)the recent tension between Washington and Pyongyang “does not need to get hotter.”The remarks were the first public reaction from the Obama administration since Wednesday’s claim by the North Korean military that the “moment of explosion is approaching fast” with the possibility of war breaking out “today or tomorrow.”
President Obama´s biggest gaffe yesterday when speaking of California Attorney General Kamala Harris was not in flirtatiously complimenting her as "the best-looking attorney general," but in introducing an observation from the system of beauty into a forum that was about the system of power.What´s that, you say? Irin Carmon does a great job in Salon in laying out the bounds of propriety for when it´s appropriate to talk about a woman´s looks as a general matter. But I´ve long felt we lack a solid theoretical underpinning for easily discussing these issues, and why precisely it is that
Political scientist Charles Murray has never backed away from controversy, but usually his opponents have been liberals. Friday, however, he managed to upset conservatives at the annual conference known as CPAC, where thousands of bewildered Republicans gathered to figure out the way forward after their party’s 2012 electoral defeat. Murray ditched his prepared remarks on “America Coming Apart” in favor of an impromptu admonition to fellow conservatives to accept the legalization of both gay marriage and abortion.
President Obama will cast growing income inequality and a decline in economic mobility as a “fundamental threat to the American dream” during a speech Wednesday in Washington. The speech will serve as an early preview for next year’s State of the Union address, according to a White House official, who said Obama would focus much of his energy over the next three years on the issue. “The decisions we make over the next few years will determine whether or not our children will grow up in an America where, if you work hard, you can get ahead,” the official said.
Good stuff from Jonathan Turley at today’s House hearing on executive power, although I regret that I couldn’t find a more user-friendly format for you to watch. There’s no compilation clip; you’ll have to make do with the C-SPAN embed by fast-forwarding to the time cues I give you and being patient while the vid buffers (and buffers, and buffers).(Snip)That brings us to point two: Even if Congress can’t stop Obama, the courts can. The problem there, though, says Turley, is that O and the DOJ have argued successfully in many cases that no one has standing to sue him
Bill Clinton, the cliché goes, was the first black president, no matter his skin color. That being the case, Barack Obama is not the first black president, or the first African-American president, if you prefer, but the first hippie president. Clinton’s southern background and lifestyle were indeed more typically black, just as Obama’s was more typically hippie. And we’re not just talking about the “Choom gang” here, scarfing “Maui Wowie” on the sands of Oahu. We’re talking about all of it, the whole multi-culti-missing-white-mother-vanished-Kenyan-father-anti-imperialist-America-is-always-the-enemy-and-don’t-you-forget-it-nine-yards. And like most hippie culture as I knew and experienced it, it wasn’t about “peace and love.” Not
During a presentation at the White House in which President Barack Obama touted the benefits of the Affordable Care Act, the president declared that his signature health care reform law was not going to be repealed. This assertion led his administration members, his staff, and audience members to rise from their seats and give the president a standing ovation. Obama said that ACA opponents’ alternative to the health care reform law is to champion repeal and going back to the health care delivery system status quo ante. He specifically cited Sen. Mitch McConnell (R-KY) who he said was asked directly for
A woman has revealed how difficult it is to eat healthily and stay full when living off an average food stamp budget. Melinda Moulton, from Huntington, Vermont, was one of 200 people to take part in the 3Squares Challenge, which saw her living for a week on just $36 worth of food, or around $1.71 a meal. Opting to try and eat as healthily as possible, Ms Moulton resorted to cheap foods like yogurt for breakfast, two handfuls of peanuts for lunch and lentil stew for dinner, all of which left her unsatisfied.´I don´t know how people do it,´ said
[Video] President Obama on Wednesday declared that addressing income inequality would be the focus of “all” of the White House’s efforts “for the rest of my presidency.” In a sweeping address that touched on raising the minimum wage, investing in infrastructure and ending tax breaks for the wealthy, Obama warned that the American economy has become “profoundly unequal,” declaring economic mobility the “challenge of our time.” “The combined trends of increasing inequality and decreasing mobility pose a fundamental threat to the American dream, our way of life, and what we stand for around the globe,” he said in an hour-long
Just over two weeks ago, MSNBC host Martin Bashir delivered a harsh piece of commentary that culminated in the suggestion that someone should “s-h-i-t” in former Alaska Governor Sarah Palin‘s (R-AK) mouth. Bashir offered an abject apology on his next broadcast, but a chorus of critics continued to demand action against the host. After a reported “vacation” for the host earlier this week, Bashir announced, Wednesday afternoon, that MSNBC and Martin Bashir are parting ways. Here’s the statement from Martin Bashir, via email: After making an on-air apology, I asked for permission to take some additional time out around the Thanksgiving holiday. Upon