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2% Payroll Tax Reduction to End

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For the last 2 years we have received a 2% payroll tax reduction on our first $113K earned. I know that my partner & I will miss that 2% in our paychecks. Anyone else?

Maybe we should have fallen off the darn cliff & waited for the new Congree to start tomorrow. I still think that there shouldn't have been any tax cuts for those making above $250K. Now Obama has no bargaining power to protect Social Security, Medicaid, & Medicare either. This is going to bite him on the tushy later.
Posted on the NEW CafeMom Mobile
by on Jan. 2, 2013 at 6:45 PM
Replies (41-50):
radioheid
by Libertarian on Jan. 3, 2013 at 9:31 AM
1 mom liked this

 This isn't a new tax. It is reverting back to an old tax rate, a Clinton-era tax rate when the economy was much, much stronger. I personally support it. More tax revenue = less borrowing and less debt. Sure, I'd eventually like to see taxes drop (particularly those being screwed in the highest bracket) with less government spending, but realistically, we need to raise a lot of cash and come up with a lot of new ideas before that can happen. 2% is 2 bucks out of a hundred, 6 bucks out of the weekly paycheck of one of those working poor. *shrugs* Not a lot of money.

Quoting Bookwormy:

Thank you!

And, for the record, economists call higher taxes for wealthier folks progressive tax plans & equal taxes for all income folk regressive taxes.  So, for instance, sales tax is regressive.  Taxing higher income folks, like those that earn $250K or $400K & above at a higher rate than the rest of us is progressive.

I wouldn't feel so strongly except my mom did pay taxes for several years, & was working poor.  In fact she worked 3 jobs & had no health benefits from any of them when she got ill at 44yo.  Poor health care & no health insurance until she was disabled by congestive heart failure at 44yo ultimately led to her death at 47yo.  This was simply wrong.  Dead wrong.

The truth is my family will survive a 2% decrease in take home pay.  My mother wouldn't have survived that.  The working poor get screwed every which way & sideways.  & it literally kills them.  This is why class issues (& feminist issues & healthcare) are so very important to me.  They are actually life & death.  47yo is too young to die.  My DD is turning 6yo tomorrow & never knew her Mimi because Mimi has been gone 19 years.  That's just wrong.  Dead wrong.

So this is personal for me.  But not really because I don't want to pay 2% more.  Its personal because I know that the working poor can't afford to pay 2% more.

Quoting stacymomof2:

I don't think you are pretending.  And it's true, you don't need anyone's approval, especially someone just snarking on the internet.

Quoting Bookwormy:

We don't pretend. We will always be middle class because my partner & I both have MSSWs. We have chosen not to go into private practice & work with the "worried well". But that's OK. I know we're good people. I don't need the approval of online classist bigots.

Quoting stacymomof2:

Who do you care about?  I didn't see any evidence of it from your comment.  You aren't even "pretending."

Quoting talia-mom:

No.   Just honest.   You want certain people to pay more, but not yourself.   Completely selfish.   Oh well, I guess I just don't pretend to care like you.   I actually care.



Quoting Bookwormy:

She thought a classist comment was appropriate.








Quoting stacymomof2:

What?

 

Quoting talia-mom:

Make those that contribute pay even more for the flipping takers that provide nothing but more kids, crime, and sloth.





 





 

 


"Roger that. Over."

R   A   D    I    O    H    E    I    D

furbabymum
by Gold Member on Jan. 3, 2013 at 11:32 AM

 :( We are certainly sad about losing more money to taxes. I swear I work for the sole purpose of paying the feds.

stacymomof2
by Ruby Member on Jan. 3, 2013 at 1:32 PM
2 moms liked this

They will not lose 40% of their income to taxes.  The actual rate averages about 20% of gross income.  Don't feel too sorry for them, quite likely someone making around 100 thousand a year pays a higher rate.

Quoting radioheid:

 Well, if we want to continue borrowing and spending like the world is going to end, we have to fund it somehow.

The top tax bracket will be nearly 40%. Can you imagine losing 40% of your income and paying hundreds of thousands (or even millions) in taxes? Half of this country pays no federal income taxes at all. God forbid folks are made to pay taxes for services they will certainly use.


moneysaver6
by Gold Member on Jan. 3, 2013 at 1:36 PM

Medicare is vastly different than Medicaid.  There is no direct payroll tax deduction for Medicaid.

radioheid
by Libertarian on Jan. 3, 2013 at 2:07 PM
3 moms liked this

 

I am a reasonable person, so trust me, I can understand the argument that someone who makes a million dollars can afford to lose $400,000 of that and still do just fine with the $600,000 they have left. After all, that money they have left is literally 10 times what the average household in this country makes. But is it right to take that much money and give it to others---others who not only don't respect the people they are taking from, but have put themselves in the plight in which they live through a lifetime of bad choices? I don't think so. They argument can't even be made that it is the "moral" thing to do when you consider the "immoral" behaviors that usually to lead to poverty. If morality was the measure we used to define policy, the war in Iraq never would have happened, pornography would be illegal, and general censorship would be in full swing. We don't live in a moral society. So it defies both logic and reason to tax as a moral matter for the benefit of immoral behavior.

I support the concept of a social welfare safety net, but I don't believe it should be something people ride through life, carried by the hard work and success of others without their express consent. There is no reason anyone should pay more than 15% of their income in taxes, and there is no reason why nearly half of the country pays no federal income tax at all. Everyone should pay taxes---albeit at a much lower rate, and government spending should be drastically reduced.

Life isn't fair, but we can even up the score---and that goes both ways, for rich and for poor. We've invented a society of victims who feel entitled to compensation for their bad choices. What we need to do is stop treating people like helpless victims who can't climb up out of the gutter, and start treating them like equal citizens. That means no more corporate welfare and special deals for big corp government favorites (including unions and lobbyists), and a reduction in welfare spending. We stopped encouraging and empowering citizens long ago in favor of big unions, big corporations and major lobbying groups (remember, corporations are now people), and until this stops, the victim mentality will only continue and grow. To rebuild a strong society, we need strong, hard-working people who understand that *risk* is also part of the equation in game theory and that it can result in negative consequences, rather than skipping this vital piece of the scheme and moving directly to the reward they've been groomed to feel entitled to.

I don't feel sorry for rich people who complain about taxes when they are still sitting on millions just like I don't feel sorry for poor people who made themselves poor through a bunch of shitty choices. "Feeling sorry" has nothing to do with logic, which is what should be the basis of law.

Quoting stacymomof2:

They will not lose 40% of their income to taxes.  The actual rate averages about 20% of gross income.  Don't feel too sorry for them, quite likely someone making around 100 thousand a year pays a higher rate.

Quoting radioheid:

 Well, if we want to continue borrowing and spending like the world is going to end, we have to fund it somehow.

The top tax bracket will be nearly 40%. Can you imagine losing 40% of your income and paying hundreds of thousands (or even millions) in taxes? Half of this country pays no federal income taxes at all. God forbid folks are made to pay taxes for services they will certainly use.


 


"Roger that. Over."

R   A   D    I    O    H    E    I    D

parrishsky
by Maxfield on Jan. 3, 2013 at 2:45 PM
1 mom liked this

It was a nice gift when many of us needed it most.

Welcome to the real world people, pay your taxes and stfu. It was only temporary after all.

LilliesValley
by Bronze Member on Jan. 3, 2013 at 4:08 PM
1 mom liked this

Well I hope it doesn't bite us all in the ass because we the people are going to be the ones to suffer. People in Congress need to remember that!

To answer your question, yes, my hubby and I are going to miss that 2%. Every penny counts for us and a little less is going to hurt.

Bookwormy
by Platinum Member on Jan. 3, 2013 at 4:26 PM
Why must you be so rude? I wasn't rude to you. I didn't tell you to shut up, let alone to shut the F up. You can use some common courtesy with me as well.


Quoting parrishsky:

It was a nice gift when many of us needed it most.

Welcome to the real world people, pay your taxes and stfu. It was only temporary after all.


Posted on the NEW CafeMom Mobile
Aislinn
by Silver Member on Jan. 3, 2013 at 4:28 PM


Quoting talia-mom:

Make those that contribute pay even more for the flipping takers that provide nothing but more kids, crime, and sloth.

 What? That makes perfect sense and is a great recipe for a successful society...  Oh, wait. lol ;)

LilliesValley
by Bronze Member on Jan. 3, 2013 at 4:31 PM
1 mom liked this

Ummm....$6 is a lot of money to my family. My weekly food budget is $50 if I'm lucky. I"make too much" for PA so my family will literally eat less. $6 is a gallon of milk and a loaf of bread. Not all of us poor folks like buying prepackaged crap from Wal-mart, we like fruit and vegetables too. People in the top may be screwed too but people at the bottom are getting screwed plenty too.

I'm sorry, I'm not at THE bottom, I'm at the point just above it where you are just barely self sufficient but if something goes wrong you are SCREWED. This isn't a new tax, but for a lot of people who have barely limped through the recession, it's a bad time for it. Does spending need to be cut-absolutely. Are there some tough calls to make-absolutely. Do I have the answers-absolutely not, if I did I'd be running for office. Do I know the reality of being raised upper middle class and now being poor, yes.

There's a lot of tough decisions to be made but please don't assume that what you spend on a meal at McDonald's wont impact my family greatly. With food prices constantly going up, up, up and gas prices doing the same things are pretty rough on the bottom. It's had to hear the bitching of someone with even 100K being taxed (not that they don't have the right to) but knowing what I could do with that kind of money just makes me sick. Not to mention the complaints of someone making over 500K. You earn it yes, but when you earn that kind of money you know that taxes are a part of it. Maybe it is the same. Maybe losing 100K for a millionaire is like losing $6 for me-I doubt it though. They can definitely still pay their mortgage, feed their kids and have health insurance. Just don't assume like I don't that $6 isn't a big deal when you don't have much.

I really have seen it from both ways but it's so hard to not have something you need like food or health care (and yes I've been sick for 2 years so health care to me is something that is needed). I wish I had the perfect answer for everyone but I don't; I can only relate to you what I know, which is $6 is a lot of money.

Quoting radioheid:

 This isn't a new tax. It is reverting back to an old tax rate, a Clinton-era tax rate when the economy was much, much stronger. I personally support it. More tax revenue = less borrowing and less debt. Sure, I'd eventually like to see taxes drop (particularly those being screwed in the highest bracket) with less government spending, but realistically, we need to raise a lot of cash and come up with a lot of new ideas before that can happen. 2% is 2 bucks out of a hundred, 6 bucks out of the weekly paycheck of one of those working poor. *shrugs* Not a lot of money.

Quoting Bookwormy:

Thank you!

And, for the record, economists call higher taxes for wealthier folks progressive tax plans & equal taxes for all income folk regressive taxes.  So, for instance, sales tax is regressive.  Taxing higher income folks, like those that earn $250K or $400K & above at a higher rate than the rest of us is progressive.

I wouldn't feel so strongly except my mom did pay taxes for several years, & was working poor.  In fact she worked 3 jobs & had no health benefits from any of them when she got ill at 44yo.  Poor health care & no health insurance until she was disabled by congestive heart failure at 44yo ultimately led to her death at 47yo.  This was simply wrong.  Dead wrong.

The truth is my family will survive a 2% decrease in take home pay.  My mother wouldn't have survived that.  The working poor get screwed every which way & sideways.  & it literally kills them.  This is why class issues (& feminist issues & healthcare) are so very important to me.  They are actually life & death.  47yo is too young to die.  My DD is turning 6yo tomorrow & never knew her Mimi because Mimi has been gone 19 years.  That's just wrong.  Dead wrong.

So this is personal for me.  But not really because I don't want to pay 2% more.  Its personal because I know that the working poor can't afford to pay 2% more.

Quoting stacymomof2:

I don't think you are pretending.  And it's true, you don't need anyone's approval, especially someone just snarking on the internet.

Quoting Bookwormy:

We don't pretend. We will always be middle class because my partner & I both have MSSWs. We have chosen not to go into private practice & work with the "worried well". But that's OK. I know we're good people. I don't need the approval of online classist bigots.

Quoting stacymomof2:

Who do you care about?  I didn't see any evidence of it from your comment.  You aren't even "pretending."

Quoting talia-mom:

No.   Just honest.   You want certain people to pay more, but not yourself.   Completely selfish.   Oh well, I guess I just don't pretend to care like you.   I actually care.



Quoting Bookwormy:

She thought a classist comment was appropriate.








Quoting stacymomof2:

What?

 

Quoting talia-mom:

Make those that contribute pay even more for the flipping takers that provide nothing but more kids, crime, and sloth.





 





 

 


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