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1/4/2013 5:13:16 PM The fiscal cliff  
booski2003
Nashville, TN
37, joined Dec. 2012


Has anyone noticed a change in their paycheck since the agreement?




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1/4/2013 8:48:10 PM The fiscal cliff  

largotha
Lancaster, PA
34, joined Dec. 2008


Yeah it's called the end of the old Bush Administration tax breaks.

1/5/2013 7:49:39 PM The fiscal cliff  
beutygonfishing
Plano, TX
38, joined Dec. 2012


Yep they raised the taxes so more is taken out. Think 4 or 5% to now 6%

Goggle fiscal cliff and it gives a break down of all the changes.

Start burring your money in the yard.

By gold coins and hoard them

By guns

Plant a garden.

Watch Obama 2016



[Edited 1/5/2013 7:51:22 PM ]

1/6/2013 1:58:01 PM The fiscal cliff  
summer012469
Over 2,000 Posts (2,924)
Grand Island, FL
48, joined Dec. 2011


2% more taken out for Social Security (FICA). My check has already decreased. I don't understand because the check I got on Friday should have been for work I did in 2012. Didn't expect the decrease for two more weeks.

1/18/2013 2:20:22 AM The fiscal cliff  

geoffbond007
Miami, FL
44, joined Jan. 2013


That deal will hit the middle class big time. Rich folks made their fortunes through assets inflations (aka investments) and no by income. so they will pay an effective tax rate of 20% capital gain (they can avoid the dividend tax through a s-corp etc). A low rate for folks making a killing.

But a 20% tax rate on cap gain for a middle class family is a huge hit!.

Also, the middle class america have to pay fica, ss taxes, but rich guys don't have to, cause they can afford a very sophisticate business structure..

So mr Obama is lying big time on this issue. The fact is that 77% of America household will face higher income tax in 2013.

1/18/2013 2:25:43 AM The fiscal cliff  

geoffbond007
Miami, FL
44, joined Jan. 2013


Btw: over 100 millions americans have some kind of exposure to the markets via private pension funds, mutual funds, bonds, stocks, public funds etc. They too will get hit with a new 3,9% investment income tax.

1/22/2013 10:38:35 AM The fiscal cliff  
rl072
Chicago, IL
45, joined Jan. 2013


Get used to this people! I'm so tired of hearing everyone still blaming Bush! He's gone and I'm glad. Wake up you think the last 4years were bad. Prepare your self for the next four years!!! Property values down 50% yet property taxes up just as much!



[Edited 1/22/2013 10:39:28 AM ]

1/22/2013 12:43:52 PM The fiscal cliff  

largotha
Lancaster, PA
34, joined Dec. 2008


Quote from rl072:
Get used to this people! I'm so tired of hearing everyone still blaming Bush! He's gone and I'm glad. Wake up you think the last 4years were bad. Prepare your self for the next four years!!! Property values down 50% yet property taxes up just as much!


Noone blamed him for anything. All I refered to was the tax breaks he put into effect during his time that are now finally ending.