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Obama Saved The Average Family $3600 in Taxes

specklebang said:
That figure seems valid. Payroll tax and FICA assessments have gone down under Obusha. Inflation has consumed most of these "savings" but they are real. That's NOT a point in Obusha's favor. Those "savings" have ben added to the debt.
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yes, they have.

How much have the payroll taxes gone down? A family making fifty grand would have paid around five grand a year (10%), about twenty grand over four years. 3,600 would be an 18% reduction.

I suppose maybe, everything else being equal, that payroll tax reduction could actually have added up to that much.

and, you're right: That amount is a part of the deficit.
 
My high IQ engineer friend keeps records of all his income, expenses, tax costs, fuel costs etc. He told me that he had paid 17% less under the Obama tax structure so that figure sounds pretty much correct.

Dittohead not! said:
yes, they have.

How much have the payroll taxes gone down? A family making fifty grand would have paid around five grand a year (10%), about twenty grand over four years. 3,600 would be an 18% reduction.

I suppose maybe, everything else being equal, that payroll tax reduction could actually have added up to that much.

and, you're right: That amount is a part of the deficit.
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specklebang said:
You are correct in your assessment. Regrettably, nothing can or will be done about the situation.

We are supposedly ging to make a choice between 2 parties. However, they both intend to continue amassing debt. The big bucks woill go to slightly different people depending on which team we end up with.

Team Romney will spend more on military. Team Obama will spend more on welfare. But spend they will.
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Which is why Im not voting for either. Not that that will do anything.
 
Dittohead not! said:
By what creative math and extra Constitutional logic has the president saved the average family $3,600?

The president doesn't set the tax rate.
If the average family has really saved that much since 2008 by any real statistic, then I'd be very surprised.
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He will say that the stimulus had new tax credits in them, and the payroll tax was lowered. Averaged out, the number is probably correct. People who already pay no tax probably didnt save very much. Wealthier people probably saved more. Hmm, doesnt that make this tax cuts for the rich?
 
jonny5 said:
He will say that the stimulus had new tax credits in them, and the payroll tax was lowered. Averaged out, the number is probably correct. People who already pay no tax probably didnt save very much. Wealthier people probably saved more. Hmm, doesnt that make this tax cuts for the rich?
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Not really, because people who don't pay income tax still pay payroll taxes ... and payroll taxes are limited to the first $107k of income, so the wealthy won't benefit disproportionately.
 
jonny5 said:
He will say that the stimulus had new tax credits in them, and the payroll tax was lowered. Averaged out, the number is probably correct. People who already pay no tax probably didnt save very much. Wealthier people probably saved more. Hmm, doesnt that make this tax cuts for the rich?
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Cutting payroll taxes is probably the only tax cut that doesn't disproportionally benefit the wealthy.
 
The bottom line is this, the $3600 saving is a lie. Anyone who has an "average family" and has filed and paid their taxes in the last few years knows it.

This is the equivilent of pissing on our heads and telling us it's raining.
 
CONSagainROMNEY said:
Do you HONESTLY think that if all the Mitt Romney's of America paid 25% income tax instead of 13% the US would not have increased revenue?!? I've heard of fuzy math before, but this beats the cake!!!
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How about a flat tax and a consumer tax? That way everyone is in the game and not just the top half of the earners are saddled with the whole bill.

I'm all for cutting govt spending. How about every agency takes the same amount in cuts?
 
jonny5 said:
Which is why Im not voting for either. Not that that will do anything.
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It will do plenty...A sit home vote by you is a vote for Hussein Obama and mtter how bad you tthtink Romney is he is still better then Hussein..
 
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clownboy said:
The bottom line is this, the $3600 saving is a lie. Anyone who has an "average family" and has filed and paid their taxes in the last few years knows it.

This is the equivilent of pissing on our heads and telling us it's raining.
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As the savings is actually put in your paycheck each week you won't see it when you file your return.
 
AdamT said:
As the savings is actually put in your paycheck each week you won't see it when you file your return.
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What a bunch of happy horse doody. My kids have had stable salaries for the last few years, their take home has not increased (except when they get a salary bump from the company) and their taxes have not decreased at all during Obama's tenure.
 
CONSagainROMNEY said:
Across the board cuts are ineffective.
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Really? So we continue down the path we're on now. We all already know how effective things are now, don't we?

Cut across the board. Every govt agency takes the same amount of cut. I'd get rid of the GSA all together and give this "management" agency to a contractor. Time for change.
 
Billy the Kid said:
Really? So we continue down the path we're on now. We all already know how effective things are now, don't we?

Cut across the board. Every govt agency takes the same amount of cut. I'd get rid of the GSA all together and give this "management" agency to a contractor. Time for change.
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Redonkulas - when you cut across the board, inevitably you just have to go back and correct your mistakes. It just causes choas and double/triple/quadruple work. I've seen this up close and personal - I doubt if you have the experience or understanding to get this, so we'll just have to leave it at that.
 
CONSagainROMNEY said:
Redonkulas - when you cut across the board, inevitably you just have to go back and correct your mistakes. It just causes choas and double/triple/quadruple work. I've seen this up close and personal - I doubt if you have the experience or understanding to get this, so we'll just have to leave it at that.
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Sorry to surprise you, but I worked for the govt. So don't try and bring me up to snuff on how the govt wastes money.
 
I'm no Obusha fan but reality is reality. This figure is correct. Of course, its easy to be generous with OPM.

clownboy said:
The bottom line is this, the $3600 saving is a lie. Anyone who has an "average family" and has filed and paid their taxes in the last few years knows it.

This is the equivilent of pissing on our heads and telling us it's raining.
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AdamT said:
As I've pointed out to you before -- with actual facts and not BS talking points like yours -- taking the total income of the top 1% would completely eliminate the deficit and result in a small surplus. Why do you keep repeating lies that have been proven to be lies?
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So you believe we should TAKE all of the money of the top 1%? And then we have no deficit for one year, and then what? Take all the money of the new top 1%? What the hell are you thinking? And now the former top 1% are at the bottom and need Welfare.

Are you freaking for real or what?

Come on, someone tell me this is a gag.
 
American said:
So you believe we should TAKE all of the money of the top 1%? And then we have no deficit for one year, and then what? Take all the money of the new top 1%? What the hell are you thinking? And now the former top 1% are at the bottom and need Welfare.

Are you freaking for real or what?

Come on, someone tell me this is a gag.
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I don't think so. This is how we got into trouble to begin with, IMO.

After everyone who had a buck is stripped, we all start praying for manna from heaven.
 
Billy the Kid said:
I don't think so. This is how we got into trouble to begin with, IMO.

After everyone who had a buck is stripped, we all start praying for manna from heaven.
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All the atheists would still be on charity because they wouldn't get any, so our problem still exists.
 
clownboy said:
What a bunch of happy horse doody. My kids have had stable salaries for the last few years, their take home has not increased (except when they get a salary bump from the company) and their taxes have not decreased at all during Obama's tenure.
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Really? You examine their pay stubs each week? The simple fact is that the payroll tax rate dropped from 6.2% to 4.2% in 2009 and the cut has been extended several times. Democrats wanted to drop it further but of course the tax cut was blocked by Republicans. So unless your kids' employers are violating federal law, then your kids did in fact get a tax cut that they are still benefiting from today.

Obama implemented it this was because it's the most effective way to stimulate the economy -- as opposed to sending out a lump-sum check which people tend to bank or use to pay off a credit card. But of course he doesn't get the credit that Bush got when he sent out those checks because a lot of dummies don't even realize that they've gotten a tax cut.
 
American said:
All the atheists would still be on charity because they wouldn't get any, so our problem still exists.
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:lamo That's funny! :lamo


I guess they'd want their "fair share" of the manna then, huh?
 
American said:
So you believe we should TAKE all of the money of the top 1%? And then we have no deficit for one year, and then what? Take all the money of the new top 1%? What the hell are you thinking? And now the former top 1% are at the bottom and need Welfare.

Are you freaking for real or what?

Come on, someone tell me this is a gag.
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I don't think it's a gag. He said this before and has been questioned about what happens the following year. I think he keeps avoiding that topic.
 
American said:
So you believe we should TAKE all of the money of the top 1%?
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No, of course not. I was simply correcting Bobcat's false assertion. He claimed that taking 100% of the top one percent's income wouldn't put a dent in the problem. As a factual matter it would put a hell of a dent in the problem.

Obviously he was just flogging the strawman that Obama thinks we can solve all our problems by taxing the rich.
 
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