AKA the end of the Obama tax holiday. Anyone making between $50k and 200k will see an approx 2% increase - a little under a hundred a month more coming out of their checks, starting this month. I've seen fb posts and editorials all over from pissed off Obama voters suggesting they've been lied to and cheated and tricked into voting for him.
So my questions:
If you voted for Obama, did you really believe that Obamacare and the economic climate would keep you immune from any tax increase?
If you let a tax break measure lapse, is that really a tax increase, or simply a return to normal? (and with that in mind, since this tax holiday was only in place a few years, isn't it irresponsible of people to depend on that extra income - or claim they do - when it was always presented as temporary)?
Answer by butterflyblue19 at 6:39 PM on Jan. 8, 2013
I thought the tax break on the amt. taken out toward Soc. Security was going back to the old amt. So is this something new? If so, then geez, what a shock, a politician lied to get elected! They all need to be slapped for being such morons w/ our money! And I really hope they did not exempt themselves from this tax increase! Or give themselves a raise to cover it. That would just be the icing!
Answer by mrsmom110 at 8:07 PM on Jan. 8, 2013
Answer by booklover545 at 9:01 PM on Jan. 8, 2013
Answer by Anonymous at 9:50 PM on Jan. 8, 2013
I am thinking that the bi-monthly paid employees will see the impact on their next check. I was wondering about this today as well. I was starting to think about what will happen when prices for consumables and services go up due to tax hikes on business owners, as well as additional taxes that will be a result of Obamacare. Not to mention rate hikes in insurance policies from Ins. companies trying to pad their stash for the influx of new policy holders with pre-existing conditions. The economy hasn't really improved that much and there are a lot of people still just trying to keep their heads above water. Inflation and additional taxes are going to hurt a lot of people.
Answer by QuinnMae at 9:52 PM on Jan. 8, 2013
Answer by QuinnMae at 9:53 PM on Jan. 8, 2013
Answer by booklover545 at 10:08 PM on Jan. 8, 2013