That NYPost chart is very inaccurate.
1. Applying the marginal rate to the whole amount
2. Using gross income, rather than taxable income (after deductions)
Applying the average effective tax rates per various income groups, pre-2001 & post-2003 would be much more realistic.
Although, it does give an indication of how higher income earners pay more at both rate structures, despite the lamestream media & many politicians claiming otherwise.
In 2010, those earning $200,000+ paid 52% of all federal income tax revenue. Not fair?
There are additional Obamascare taxes on income (above certain amounts), along w/many other Obamascare taxes on medical/health products/services, few of which are hardly mentioned.
Obama wants the Bush Tax Cuts to expire. Then next year he will cut a deal and bring them back but he and the MSM will refer to them as the Obama Tax Cuts for years to come.
I've said in the beginning that to have the Bush tax cuts expire was Obama's plan all along. He might reinstate the so-called middle income taxes but again he may find a way to blame the repubs when they want and fight to have all the taxes reinstated. This man likes controversy because it means he wins mainly due to the LSM being on his side.
no no no - no tax increase for those making under $250,000........................
It cannot be....he's promisssssssssssssssssssssssssed ;)
Ah - but they didn't show the ObamaCare Tax increase that will ALSO impact everyone! So, let's see what THAT would be for each income level, which will NOT be a part of this "fiscal cliff" kabuki. Thanks, Obama! Just what we all need in and for this depressed, sluggish economy.........
It can only last a while that Obama will not be blamed. Sure, it's 4 years on. But as with anything that is contentious (war, unemployment, etc.), it is well known that the people will become very upset after 4 years. This is something that all historians know. If Obama doesn't fix the economy by the end of 2013, history dictates that he will get the full blame. It will get progressively worse for him as 2016 approaches.
Sure, Obama is an exception to the rule. He knows nothing about the economy, has never had a private sector job, has never owned a company, has never had to make payroll, has never had to balance a budget, has the MSM's support and people voted him in again, but reality will catch up to him. Ultimately, the unemployment figures are and will be attached to this Presidency.
I'm 100% against compromise. We need someone to stand firm for fiscal sanity and responsibility... What the Democrats want is madness. And the Republicans who are in charge at least, seem all to willing to give in to them.
But the conservatives in Washington are diametricly opposed to the flaming liberal wingnuts and they are the only ones who have passed a budget and who genuinely seem to care. And thet's why they'll be blamed.
Either way, with the corrupt media telling the story, Obama comes out smelling like a rose again... even though he's full of fertilizer and bears full blame for where things are at now.
Words escape my abilities to effectively express my disgust with all that is happening with our economy. Where to start, at what point does one start to hyperventilate and loose conciseness? How can anyone who has worked hard for what they have while watching our politicians going on permanent vacations, often paid by the tax payer? How toxic must our souls become with the utter disgust and disappointment in how Washington D.C. has squandered trillions of dollars. How hot must our blood boil while 536 people ruin our great nation (435 Representatives. 100 Senators and one uhg President) All of this while enjoying self approved pay increases, paid for health care, and special privileges like security free vacation time to the tune of about half the calendar year. (don't forget, they call campaigning work also) I have said this before and will repeat it here. Stop the pay of all politicians, freeze all accounts, cancel all vacations, speaking engagements, and lock them all in session until they do their job, a job that we, we the tax payers pay them handsomely to do. File charges on any politician that hasn't paid their taxes, or hid money to avoid taxes altogether. No more ethics committees instead place all the guilty on a work farm so to help these pampered babies see what it means to work hard. Have these idiots provide their own security, have them pull all night duty and then have to work the next day. Have the stand shoulder to shoulder as an enlisted grunt, defending this great nation. Have them serve one day as a police person in the so called safer communities like New York or Chicago with their harsh gun control laws. Let these pampered babies drive themselves down the street of any city and face the homeless wanting nothing more than some food, warmth and recognition as a human being. Have these dimwits stare into the eyes of those they have helped turn into victims and political points. While they are at it, have these politicians send their children to the same public school systems they have created with support for corrupt unions and teachers. I would say let them go to a real church, where the love of God is taught, but I'm afraid they might sit next to me and I do not wish to be collateral damage. Where is my brown paper bag, I think I'm g e tt ...ing rrreeady tooooo passss out.
Sorry for the rant.
Actually armyvet, I like rants. Polite conversation most generally accomplishes absolutely nothing. Rants tell people that you're on fire about your beliefs. That you are not just making idle conversation.
Can you imagine an idle conversation with Rick Santelli? Not hardly.
People say they want less confrontation in Washington, and they just want the two major parties to to just get along, and compromise on the issues.
That is so stupid, that it almost doesn't deserve comment. I want TOTAL confrontation in Washington, every single day of every single week! I don't want to give the Democrats/Socialists/Liberals/Communists a single inch of territory. For one simple reason. If you give them an inch, they will take a mile.
I am absolutely sick to death of Conservatives who are not willing to fight tooth and nail against what Liberals are trying to turn this once great nation into. I'm sick of it!
We did not elect these people to play, kissy kissy, with the Democrats. We elected them to fight against the Democrats, and protect the Liberties our Founders tried to pass on to us. The Democrat Party makes me puke. Anyone who votes for the Democratic Party ticket, makes me puke. I puke a lot these days.
That was not a rant, by the way. When I do a rant, you'll know it.
Good evening white531, and my best wishes to you in hopes the Christmas season has and still finds you well and in good spirits. I agree that the kissy kissy attitude is enough to make even a strong stomach goat puke. Still I would rather present myself as calm cool and collected to my fellow consevatives, and save my rants for those that need it. Most politicians would be a stromg candidate to rant at and by no means should any of the blind faithful Obamanites who have no clue of exactly what Odumbone is doing be excluded. Anger has its place and when used properly can be an effective tool in leadership. Gen Patton is a great example of some of the positives of how anger can be useful. Thanks for the reply, and may the new year be better to us all than what appears to be on the horizon.
Wasn't a rant in my opinion. Rather, it was a well thought out dissertation on how to start improving the political regime.
If I may add: I would also like to see them go without their security, without their staff and pages, without their iPads, Blackberries, dry cleaning service, catered meals and frontline blockage to their constituents. They should be required to meet with constituents personally, for 2 hours each day 7 days/week.
I was outraged when I saw that Senator Grassley for the first time, worked during Christmas week. Welcome to it, @sshat. I spent Christmas Day doing a soft close of my company books so I could figure out my year end payroll and 401k contribution. I will be working this week and weekend formulating client development for 2013. I need even more revenue in 2013 to pay the new ObamaCare taxes and the significant increase in my health insurance premiums because of it, which more than ticks me off because I will receive ZERO benefit from ObamaCare.
So please pardon my rant but for a US Senator to publicly state what we already know, they DON'T work, raises the hair on the back of my neck.
stories like yours need to be spread around.
if interested in writing articles about it let me know, I have a site ( http://www.theconservativevoices.com/ ) where you get this type of info out.
on site in the gallery there is an album of pets with lot of kitten pics too, guests can view :)
TU, now following you.
Here is mine! https://twitter.com/Orangeone4
Fellow Scooper tweeps, please follow dmacleo!
thank you :)
the site also allows each user o have their own blogs
Thank you for that invitation, I will certainly keep it in mind and check out your site.
Are you on Twitter? If so, I'd like to follow you so I can RT to help promote your site.
Looks like the quickest and best way for me to save almost $1000 next year is to get divorced! Don't think the wife is gonna be too receptive to that idea, though. She seems to think we belong together and says she's kinda attached to me, even though I am a grumpy 'ol fart. She probably just likes the fact that I can cook and she can't (How do you like and resent something at the same time?). Maybe I should suggest we be 'roomies' and do everything 'dutch treat'.
All I know is it's probably not a good idea to punish folks for getting and/or being married. We have enough problems in this country because of the demise of the family, and now preezy is gonna cause more. Hmmm... maybe another of his 'divisive' tactics?
Actually, grumpy old farts may be all that is holding this nation together. I will let you think about that for a minute.
Okay, minute's up. So what do the old farts among us know, that everyone else does not?
Here it is. They are grumpy, because they grew up in this great country, and they still remember what it used to be like before Obama. They want us to be able to go back to that kind of life, and enjoy what we used to enjoy. They want to enjoy the Freedom this nation stands for, and they want to be proud of their country once again.
I am one hundred per cent old fart, and proud of it. Join me.
Oh, I'm with ya. I remember what it was like to leave your keys in your unlocked car, leave the front door open when you left... you understand. I'm not so naive to think it can go back to that wonderful era, but it can damn sure be better than it is.
Some of us are old enough to remember what it was like before the 'Woodstock Generation' took over our schools, media, and government.
Would also like to see the New York Slime publish all the state level, county level and sales tax increases also going into effect.
Well, if Americans voted for a European-style social-welfare state, they can pay European-style social-welfare state sized taxes to go with it. Nobody is going to take our debt seriously until it literally hits them in the pocket. So if the majority voted to keep Obama in office, those idiots can have some skin in the game too and vote themselves a tax increase. Republicans are going to get blamed for whatever happens anyway, so you may as well prove a point and literally SHOW all of America how expensive it is to actually run a social welfare state. Oh, and by the way, these negotiations have nothing to do with the additional tax increases that are a part of Obamacare, which go into effect no matter what happens with the Bush tax cuts. Either way, we're going to get hammered and the low-information voter didn't seem to care in November. Well, they'll start caring come January 1.
Well, I wonder how many people are going to forget about buying a new car or have a large extended expense.
Interesting. Now, where's that little part that states the annual revenue increase that the government expects from this, and the value it brings against all the spending? ;)
"That should balance the 'ol checkbook."...NOT
The President's 'balanced' approach is beyond ridiculous. Picture your 4 year old coming up to you and saying, "I'm not talking to you, unless you give me dessert whenever I ask for it. Next year, I promise to let you ask me to eat my vegetables."
Pray for us, we live in CA. I know you're probably asking "why?" we live in CA. Because we grew up here in better times, it's still the best climate on earth. But, come January 1, we will be hit hard with sales tax, income tax, property tax, and many misc. tax increases. From the chart above we will be taxed an additional $2000 in 2013 federally, yet our income won't be going up. We haven't taken a family vacation since Jan. 2009 and my husband can only work so hard to bring home the bacon. Now the govt is going to be taking more of that income. Everyday a little of me says, MOVE.
I lived in Cal. (on and off) from 1948 to 1997. I finally had to go, As my (late) parents did in 93 and my daughter and her husband did in 2001. The state is beautiful. The 'state' of the state is going down hill fast.
I'm right there with you Joyful. I'm in San Diego. I hear that same voice inside me all the time, what holds me back is an aging mother and of course my children who are fast becoming gown up. I'm not sure how I would adapt to other climates after being spoiled my whole life, but California is becoming inhospitable in other ways.
Come to Florida Joyful. The weather is good here too! Yeah, we get the odd hurricane, but we don't have earthquakes. The economy here is getting a little bit better. Not great, but it's gotta be a heck of a lot better than Cali. Prayers for all our Cali. friends going up.
This chart is just a preliminary setup, so that when the deal does go through, they will say that the average person is getting a tax cut, when in fact no tax cut exists. It will be taxes as usual for us and a tax hike for the job creators (which also means us as well).
Sorry to bust your bubble, but taxes on going up for EVERYONE because of the implementation of ObamaCare. I explained this to an Obama Voter and you should have seen the shell shock on their face. Deal or No Deal, taxes are going up as The One (and his liberal cohorts) wanted.
It is safer to keep your money in your mattress.
In addition to the 21 ObamaCare taxes, there's a hidden little $63 fee to pay for others' pre-existing conditions.
That's correct. But ObamaCare is in addition to the above. The MSM, however, will fail to mention those new taxes.
You're not busting MY bubble. I know the taxes are going up. I'm talking about what the media is trying to convince the average citizen. I know ObamaCare has 21 new taxes that will affect all of us. The QE1,2,3, and 4ever have also affected us all, so keeping our money in mattresses is out as well (hyperinflation). It's better to spend all your cash now, so when it all collapses you have substance rather than toilet paper (even though we could all use toilet paper).
If the GOP gets the blame it's because they are inept because Obama has been preaching get rid of the Bush tax cuts for a long time.
Something else I thought was interesting. I saw on the local news that retail sales were down over the holiday season to the 2008 level and the stores are hoping to make it up this week on sales. I seem to remember hearing everyone was expecting robust spending during the holidays this year. More of the Obama economy. Let's see the media try to pin this on the Republicans.
The election was stolen. He didn't win.
What ended in America on Nov. 6th is any adherence to genuine democracy - i.e., fair and honest elections. On Nov. 6th, Zero's America became a "democracy" on a par with Chavez's Venezuela or Putin's Russia.
Massive vote fraud was committed in plain view - 456,000 stolen votes in just four states alone (Florida 74K/29EV, Virginia 149K/13EV, Ohio 166K/18EV, Nevada 67K/6EV) would have given Romney an electoral vote victory of 272 - yet most Americans either don't care or shrug their shoulders in hopeless resignation.
Just like Russia, just like Venezuela. On Monday (12/17), the Electoral College (electors meeting in the 50 state capitols) convened to confirm Zero's fraud. No one paid any attention. So far from a bang of protest, nary even a whimper could be heard through the land - just lights out on American democracy.
It doesn't matter. The other guy didn't want to be president anyway.
Why do you take the HEADLINE written by the bias author who is painting his own picture of people's actual words instead of the person's own words? Never did Romney or his son say that he did not want to be president. That is what the LSM wants you to think. They have the conservatives programmed just like they do the idiots and liberals. The author's words: Mitt Romney didn't really want to win, his son Tagg Romney claims in a recent interview. Tagg never claimed that. What Tagg really said: "he wanted to be president less than anyone I've ever met in my life". He said Romney wanted to help get the country back on its feet but hated the limelight that came with presidential politics. Whenever this country begins to pick the person who do not crave the limelight but believes that the president should be a problem solver for the country helping to get its house in order, the better off the country will be. I am so sick of the Obama (loves the freebies and limelight of being president but not the hard job of governing, I deserve it because I'm black and you white people have had it forever so if you don't vote for me you are a racist); Bush II (I want to be president to prove to my daddy I can win and win 2 terms which shows I am greater than he is, I'll let Cheney, Rumsfield and Rice do the hard work); Clinton (I want to prove a poor boy from AR can be prisident too); Nixon (I really deserve to be president because of my extensive background in government even though I am the biggest liar in govt at the present time and my own president did not enthusiastically endorse me); Carter (Although I am out of my league I still think I am the best man for this job); Kennedy (My daddy said I should be president so I should); Johnson (See Clinton above and I'll show those Kennedys) types. These types in my opinion wanted to be president for the wrong reason thus their presidency was acking in either character or results.
And isn't that just great to hear after we worked so hard and donated money to his campaign. No wonder he and Barky Boy hugged after the 3rd debate, it was all a game. Likely the WH lunch was celebratory as well.