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Workers making $30,000 will take a
bigger hit on their pay than
those earning $500,000
under new fiscal deal

Daily Mail [UK], by Hayley Peterson

Original Article

Posted By:Attercliffe, 1/4/2013 11:30:05 AM

Middle-class workers will take a bigger hit to their income proportionately than those earning between $200,000 and $500,000 under the new fiscal cliff deal, according to the nonpartisan Tax Policy Center. Earners in the latter group will pay an average 1.3 percent more--or an additional $2,711--in taxes this year, while workers making between $30,000 and $200,000 will see their paychecks shrink by as much as 1.7 percent--or up to $1,784 - the D.C.-based think tank reported. Overall, nearly 80 percent of households will pay more money to the federal government as a result

And Republicans will get the blame.


Post Reply  

Reply 1 - Posted by: OperaBuff, 1/4/2013 11:34:20 AM     (No. 9098381)

Well, isn´t that just ducky.

Too bad Boehner didn´t stick to his promise of a 72-hour publication on all new legislation before voting. This would have been exposed if he had.

But I´m beyond caring anymore.

Reply 2 - Posted by: weirdone, 1/4/2013 11:40:13 AM     (No. 9098386)

This has got to be a mistake, I remember Obama saying: “I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes,”
President Obama, September 12, 2008




Reply 3 - Posted by: SouthSanAntonio, 1/4/2013 11:40:22 AM     (No. 9098387)

Of course Republicans will get the blame. That is normal. Let´s face it, the Demon-RATS will say that it´s the Republicans´ fault. The MSM will declare it to be true. The Republicans will try to make their case, but unless you watch Fox News, or read conservative web sites, you will never hear what the Republicans have to say.

As long as a majority of the people in this country get their ´´news´´ from the MSM, Republicans can scream from the rooftops, but they will never be heard.

But the Republicans have nobody but themselves to blame this time for surrendering like French men facing down a troop of Girl Scouts.

Reply 4 - Posted by: TheMotherCO, 1/4/2013 11:41:37 AM     (No. 9098389)

Just talked to my daughter and she said the amount taken from her check was astonishing. Her husband has the same problem with his retirement checks. Don´t blame John, he didn´t do this at all. We need to impeach the lousy stinking president.

Reply 5 - Posted by: Rather Read, 1/4/2013 11:48:41 AM     (No. 9098398)

Well that would be me. I haven´t seen my newest check yet. I am afraid to.

Reply 6 - Posted by: Iowadad, 1/4/2013 11:55:00 AM     (No. 9098416)

The Bush tax cuts for the vast majority of tax payers are now permanent. They were made permanent by a large bipartisan majority, and promptly signed by Obama. Horray!

The impication is that the federal governmeent can only collect about 19% of the GDP in taxes. Which means we must reduce federal expenditure to about 19% of GDP. This calls for massive (and real) cuts of about $850 billion from the annual federal budget.

Let´s go to work. Right now!

Reply 7 - Posted by: Pam, 1/4/2013 11:55:45 AM     (No. 9098418)

Manipulation of stats has become an art form, and nothing else.




Reply 8 - Posted by: Country Boy, 1/4/2013 11:58:37 AM     (No. 9098423)

When famous bank robber Willie Sutton was asked why he robbed banks, he answered incredulously, "because that´s where the money is"

Dirty little secret of the Dems, all they want to do is raise taxes on the middle class, because that´s where the money is. Raising taxes on the rich is just smokescreen.

Reply 9 - Posted by: nimby, 1/4/2013 12:04:50 PM     (No. 9098431)

I am looking at my pay stub and feel cheated of my hard earned money. Pox on all of them

Reply 10 - Posted by: Poca Dot, 1/4/2013 12:09:57 PM     (No. 9098436)

I say Good. No free lunch. You want social security, pay up. I would have repealed all the Bush tax cuts and the tax credits -- welfare -- to corporations and individuals.

My paycheck shrank but I shall adjust. What I cannot adjust to so easily is double-digit inflation deteriorating my 401-k.

Think big, conservatives.

Reply 11 - Posted by: Mass Minority, 1/4/2013 12:12:52 PM     (No. 9098441)

#4,9 and 10, that huge hole in your paycheck is most likely due to the witholding being calculated using the 2001 tax tables. When that paycheck was processed there was no deal yet so the assumption that the Bush tax rates had been revoked had to be made. Expect your pay to miraculously go up in the next check. This article is propaganda pure and simple. and has absolutely nothing to do with the fiscal cliff fiasco. SS has simply been returned to what it had been for decades

Reply 12 - Posted by: Namma, 1/4/2013 12:14:47 PM     (No. 9098443)

blame Republicans...nope,...my answer is You get what you voted for...voted Dem..then this is what you get...




Reply 13 - Posted by: whyyeseyec, 1/4/2013 12:19:38 PM     (No. 9098450)

Workers earning $30K/yr pay no federal income taxes. They may get money taken out of their checks as the year progresses, but will get all of it back when they file their tax return - and in many cases receive more back than they pay in through federal taxes credits, etc. The fact that we are all returning to 6.2% social security tax rate should bother nobody. Congress - especially the GOP - should never have agreed to lower the rate by 2% in the first place. It was a stupid thing to do at the time. Why didn`t the GOP tell Obama no, if you want to stimulate the economy, lower tax rates!!

How many working people do we have that are making less than the amount which qualifies to pay federal taxes, that are living at home with mommy and daddy, perhaps paying no rent, no food and enjoying a free roof over their heads? Those people may be driving a nice car, cell phone or other toys which they can easily afford on their income but paying no federal taxes? It seems to me they surely should be paying something into the system. Not everyone in the lower tax brackets are struggling to feed a family for 4 or 5.

Reply 14 - Posted by: Eheu Fugaces, 1/4/2013 12:26:37 PM     (No. 9098459)

Obama voters ought to be jubilant. This is what they voted for. If they gripe about having a smaller paycheck, tell them their paycheck is actually larger, as Obama promised. The average Obama voter will believe it and then be happy.

(And wait till their Obamacare insurance premiums show up on their paychecks. This will cement their loyalty to the Democrat Party, as they wallow in the joys of collective suffering. Happy Days are Here Again!)

Reply 15 - Posted by: navybrat, 1/4/2013 12:35:28 PM     (No. 9098471)

Everyone who has income, no matter the income, should pay some income tax. Obama likes the phrase, everyone should pay their FAIR share. What is fair about paying nothing. I also believe welfare payments should be taxed same as social security is taxed.

Reply 16 - Posted by: kelty, 1/4/2013 12:37:57 PM     (No. 9098474)

Like someone making 30K can afford to see it shrink one penny.

Reply 17 - Posted by: Pearson365, 1/4/2013 12:38:36 PM     (No. 9098476)

For perspective:

Cost per hour to operate Air Force 1: $180,000.00

Average hourly wage in US: $23.73

Cost to fly Obama to/from/to/from Hawaii: 40 hours x $180,000 = $7,200,000.

Hours Americans have to work to pay for AF1: 303,413

See Drudge for photos of what these 303,413 in hours of work gets for the average hourly worker.




Reply 18 - Posted by: PChristopher, 1/4/2013 12:38:47 PM     (No. 9098477)

That´s what you get for believing a...

Reply 19 - Posted by: cartcart, 1/4/2013 12:39:22 PM     (No. 9098480)

Yet, if a worker makes double that other Worker´s salary, he would pay double the amount in. Those earning $110k plus pay even more! That is matched by the employer. It is life--get used to it.

Reply 20 - Posted by: jasmine, 1/4/2013 12:51:26 PM     (No. 9098501)

May the pain be especially acute for workers who cast their votes for big government and BHO.

In their eagerness to help Obama punish "the rich" they managed to stick it to themselves.

Reply 21 - Posted by: curious1, 1/4/2013 12:52:23 PM     (No. 9098504)

Fair means every state pays their chunk in like it was before the 16th amendment - how the states collect is up to their citizens. And fair means the governments debt ceiling each year is the amount they took in from the states - with the spending to include debt service. Fair means every law passed by congress applies to them as well - and any penalties are automatically elevated to the death penalty for congress and life for bureaucrats if they break a law they put on us. That´s what ´fair´ means to me.

Reply 22 - Posted by: RedWhiteBlue, 1/4/2013 12:54:24 PM     (No. 9098509)

And The Daily Mail writes the truth about this.



Reply 23 - Posted by: Blackeagle, 1/4/2013 12:58:01 PM     (No. 9098514)

I think that the rise is mostly due to the expiration of the 2% SS ´´tax holiday´´. Neither party had planned to make the holiday into something permanent. So call it a ´tax hike´ if you must but I don´t.

The main folks who got hit were (obviously) those over $450K and also those over $250K regards the hefty Obamacare taxes.

The spending cuts are likely to kick in in the spring. They were merely deferred - not abandoned. Obama and the Dems have little or no leverage on those automatic cuts.

Reply 24 - Posted by: Vaquero45, 1/4/2013 1:02:42 PM     (No. 9098521)

GOOD! It´s about time they got some skin in the game. Now, maybe they won´t be so quick to vote for Democraps.

Reply 25 - Posted by: neanderthal, 1/4/2013 1:02:54 PM     (No. 9098522)

The Republicans deserve the blame. It was their job to stop this thievery.

Reply 26 - Posted by: Illinois Mom, 1/4/2013 1:18:42 PM     (No. 9098537)

Remember a lot of people making $30K are young and may have kids.

If they do, they pay no federal income tax...AND...they will receive checks for thousand of dollars.

My daughter & SIL had $29K adjusted gross income lst year and ONE child..."refund" check $7500.00 This year they have TWO kids.

They an all their friends,love it and that´s why they voted Obama...even though they have watched us lose our stock, savings and house...AND we had to send an additional $2,000 and a penalty because we didn´t have enough witheld from my husbands drastically reduced paycheck.

Reply 27 - Posted by: leftcoastmom, 1/4/2013 1:21:33 PM     (No. 9098541)

And here in California, we get to pay even more state taxes because the low information morons wanted to stick it to the rich!!

Reply 28 - Posted by: SouthSanAntonio, 1/4/2013 2:42:31 PM     (No. 9098680)

I seriously doubt those making over $500,000 are going to get any type of ´´hit´´ at all.

Rich people aren´t stupid, or they wouldn´t be rich. Defer income, hide income, move income off-shore, and basically every accounting trick known and unknown to man are about to get used.

The government may see a small bump in tax revenues this year. But two years from now, tax revenues will go down substantially -- with all those ´´rich´´ people suddenly looking like they are lower middle class on their tax returns.

But that is logical, and requires that you actually look at history to know exactly what is coming. Logic, and looking at anything with an open mind, are two things that lie-berals are incapable of doing!!!

Reply 29 - Posted by: Penney, 1/4/2013 2:58:36 PM     (No. 9098698)

The dem media refuses to pull the 0z curtain back to reveal 0bama´s lies. mmm mmm mmm

dem pols & their media have no shame, ...but NOW they do have your billfold, eh?

Reply 30 - Posted by: Pocket Aces, 1/4/2013 8:27:02 PM     (No. 9099222)

Well...... Those low dollar earners are in for another surprise, once ObamaCare fully kicks in.

You see; up until now.... An employee who received compensation in the form of healthcare insurance, dental insurance, disability insurance, vision insurance (etc) , well, the employee was not taxed on this compensation.

Well, once ObamaCare kicks in...... Sad employee WILL be taxed on these insurance related forms of compensation.

F###ing joke of a country we´ve become.

Post Reply   Close thread 717647

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