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Thread: Employers In US Start Bracing For Higher Tax Withholding

  1. #51
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    Re: Employers In US Start Bracing For Higher Tax Withholding

    Quote Originally Posted by Erod View Post
    Add to this, Prof, the intentions of Obama to eliminate the mortgage interest deduction.

    This will lead to massive foreclosures at a scale we've never seen. We're talking raises in federal taxes to many homeowners of potentially $10,000+ per year.
    I suggest you study the issue rather than show ignorance by perpetuating the myth..... Obama has no intention of eliminating the mortgage interest deduction. The bipartisan commission chartered with considering ways of reducing deficits is looking at this along with 1,000's of other variables that are potential sources of revenue or expense reduction.

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    Re: Employers In US Start Bracing For Higher Tax Withholding

    Quote Originally Posted by Taboon View Post
    Good, we are on the same page.
    Scary...

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    Re: Employers In US Start Bracing For Higher Tax Withholding

    Quote Originally Posted by Taboon View Post
    Great, no arguments from me on those! Now that constitutes about $150 Billion in spending cuts. Only about $600-800 Billion to go. Keep em coming!
    Lol. I really like this guy (or gal). Spoken like a true moderate.
    I'll keep my guns, freedom and money, you can keep the change.

    Math equation for soldiers: M+16=0 terrorist

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    Re: Employers In US Start Bracing For Higher Tax Withholding

    Quote Originally Posted by Taboon View Post
    And that's my whole point in a nutshell Ockham. So, why is everyone arguing with me?
    I think people are arguing with you because you have "slightly liberal" by your name, which means democrat to most, and there is absolutely zero chance of any elected democrat that I know of ever cutting spending in a social welfare program. It might not be fair, but I think that's why people argue with you.

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    Re: Employers In US Start Bracing For Higher Tax Withholding

    Quote Originally Posted by FederalRepublic View Post
    I think people are arguing with you because you have "slightly liberal" by your name, which means democrat to most, and there is absolutely zero chance of any elected democrat that I know of ever cutting spending in a social welfare program. It might not be fair, but I think that's why people argue with you.
    Moderate liberals are fine because they usually have a shorter partisan fuse and have a realist streak. When it's survival mode - moderate liberals, fiscal conservatives and others who can think beyond sound byte politics will understand and take action to do what's necessary to save the country. We may not agree on HOW that should be done, but at the base level, that it should be done at all will be agreed upon. I agree spending needs to be cut - I think Taboon does as well. Where and how much is the next argument. I like letting the people have a voice here and telling the politicians what to cut for the easy stuff. The hard stuff will hurt (R) and (D) alike as there's no easy choices. We're all gonna stink on that one.
    “I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d agree with it. He would agree that the First Amendment cannot be absolute.” - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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    Re: Employers In US Start Bracing For Higher Tax Withholding

    Quote Originally Posted by FederalRepublic View Post
    I'm not against cutting some from those things, provided the money isn't simply wasted elsewhere.
    Thats why raising taxes doesn't work. When there is more money congress spends more

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    Re: Employers In US Start Bracing For Higher Tax Withholding

    Quote Originally Posted by disneydude View Post
    The Democrats tried to cut taxes for everyone....except the Party of No, of course said "NO....unless you extend tax cuts to our corporate elite".

    The GOP is responsible for this.
    So the democrats wanted tax cuts for everyone but the GOP stopped it because it was not for everyone. This does not make sense

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    Re: Employers In US Start Bracing For Higher Tax Withholding

    Quote Originally Posted by FederalRepublic View Post
    I think people are arguing with you because you have "slightly liberal" by your name, which means democrat to most,...
    Well, maybe, but not so much as say a back handed insult like found in this posting....

    http://www.debatepolitics.com/breaki...post1059069824

    Look, to ignore that the tax cuts of the 80's and 90's didn't spur the greatest chain of growth and prosperity in this country is to simply bury your head in a true partisan fashion.

    I don't own a business, nor am I an economist by any means, but I do know that when taxes are cut to business, and to the public spending happens, and tax receipts at the federal level always seem to be reported as 'unexpectedly high' the media. Also when business knows what is coming their way they can plan for it and move forward.

    Problem is on that point, is that we seem to have a President, and party in charge at the moment that loathes business, thinks our greatness is undeserved, and views America as an ignoble venture. That can not continue if we are to remain at the level of living standard we have enjoyed since before any of us were born.

    ...and there is absolutely zero chance of any elected democrat that I know of ever cutting spending in a social welfare program.
    And you're right about that. Why do you think that is? because there is a vested interest in keeping that block of voters dependent on government handouts. Same with the pension system in this country.

    It might not be fair, but I think that's why people argue with you.
    No, people are arguing now because we have a current government that produces extremely complex bills of 2000 plus pages, that the legislators will not even read, laden with unintended consequences that in the final assessment are going to kill business, kill standard of living in this country, and force working people like me to subsidize those towing the liberal government line.

    remember this?



    Yeah, these people have got to go!


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: Employers In US Start Bracing For Higher Tax Withholding

    Quote Originally Posted by FederalRepublic View Post
    I think people are arguing with you because you have "slightly liberal" by your name
    @Taboon, anyone who argues with you because of the political leaning you have written by your name, instead of actually arguing the issues, is not worth arguing with.
    I'll keep my guns, freedom and money, you can keep the change.

    Math equation for soldiers: M+16=0 terrorist

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    Re: Employers In US Start Bracing For Higher Tax Withholding

    The fiscal year 2011 budget submitted to Congress this week by the Obama Administration caps the value of itemized deductions based on income, effectively eliminating the mortgage interest deduction for single taxpayers making more than $200,000 a year, $250,000 for joint returns.
    Obama Budget Limits Mortgage Interest Deductions…Again - UPI.com

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