The Fiscal cliff

[z31maniac]

Also is it absolutely idiotic to try a taxation system where individuals are taxed say, 20% across the board? With reasonable deductions for very low income families? I mean I for example get 1/5 of my paycheck taken for taxes. I think that I am missing a few deductions myself as I have never filed the money I pay for school as a deduction (is that one?) I am only making 9-10k a year, with working full time in the summer.

https://www.fairtax.org

Flat taxes are stupid.

[mrsleeve]

Also is it absolutely idiotic to try a taxation system where individuals are taxed say, 20% across the board? With reasonable deductions for very low income families? I mean I for example get 1/5 of my paycheck taken for taxes. I think that I am missing a few deductions myself as I have never filed the money I pay for school as a deduction (is that one?) I am only making 9-10k a year, with working full time in the summer.

Speaking of taxes. On this very day, after a nice dusk walk with the dog enjoying the fresh 3-4 inches of snow along the way. I stop at the mail box to retrieve the days correspondence and low an behold I have a letter addressed to me from the state of Iowa Department of revenue.......

Oh this cant be a good thing. They have sent me a bill for 5400 dollars for tax years 2009, 2010. HUH thats odd since I was never a resident of the state, (did have my mail sent there for a while though in 09/10) they want my money anyway even though I have already paid more than 4k dollars to my state of residence and my state of employment in both of those years.

I am going to be making some calls in the am and the 1st is going to be to my families attorney. I think I will let them handle this. (glad I am home to deal with this and it didnt get chucked into the giant pile of mail I have to go though)

God dammit I hate govt....................................

[z31maniac]

Just think, without gov't, you would have never received the letter!

[mrsleeve]

Nahh. They think I owe them monies they would have sent by private courier if need be

[rwh11385]

http://www.ft.com/intl/cms/s/0/d478bd92-4872-11e2-a6b3-00144feab49a.html#axzz2FLOJNlwG

http://www.washingtonpost.com/business/movement-seen-in-fiscal-cliff-talks-as-boehner-offers-revenue-boost/2012/12/16/990c5b2c-47e8-11e2-8af9-9b50cb4605a7_story.html

Let's hope they can resolve their differences and clear up the uncertainty in the business environment due to idiots running Congress.

[slammin.e28]

Seriously, fuck Congress.

I already pay too much in taxes.

[Farbin Kaiber]

I was passed this link from a heavy progressive on another forum I'm on. One of tge writters is his father. Pretty good read, thought I'd pass it along again. http://www.capitalasmoney.com

[Wschnitz]

Happy fiscal cliff you all!

[herbivor]

So after all that, it looks like no real fiscal problems were solved. They just kicked the can down the road. Why am I not surprised?

[mrsleeve]

^

You expected anything different

[rwh11385]

They scrape by when they couldn't work together until the last possible moment, just like the budget that got pushed back until the final deadline and the debt ceiling which almost made the country default. Entice panic and upset the market, only to not really accomplish anything in the end and make everyone less confident in their ability to do anything.

http://gawker.com/5972400/we-will-avoid-the-fiscal-cliff-because-the-members-of-the-house-are-tired-and-want-to-go-home

An easy way to avoid being terrible at your job is to not procrastinate so much that you force yourself to use being tired and wanting to go home as an excuse. Of course, the members of the House — and Congress at large — weren't "procrastinating" as much as they were "dangling the fate of our nation and the lives of essentially powerless citizens in egotistical and craven attempts at leveraging political power," but let's not split hairs.

This current Congress is the least productive since they started keeping records because, like lazy college students, they — well, okay, Republicans — have no real desire to get shit done. Now the House is tired and it's time for them to go home. Here's your bill. Sorry that's it late, professor, it won't happen again.

Maybe the incoming class will be more apt to work together, but I doubt it and won't hold my breath.

And running through what my 2012 taxes look like, we have a stupidly convoluted tax code and maybe if they spend some time between now and the next deadline they might be able to work it up to an actual solution - not just a bandaid.

[mrsleeve]

^
Doubtful

and by least productive they mean only passed 15XX piece's of legislation totaling many thousands of convoluted counter productive pages of BS that is still being interpreted as to what they mean and how to implement them (no I am not just talking about O care)

As opposed to the last 2 congress's passing 17XX pieces of similar mumbo jumbo

[joshh]

I guess the Democrats and Obama made an oversight....or not. Something even you lefties can read. Yup, taxes on the middle class set to go up.

http://www.huffingtonpost.com/2012/10/01/payroll-tax-cut-2013_n_1929638.html

[rwh11385]

I guess the Democrats and Obama made an oversight....or not. Something even you lefties can read. Yup, taxes on the middle class set to go up.


http://www.huffingtonpost.com/2012/1...n_1929638.html

I don't know anyone foolish enough to expect us to keep robbing from Social Security into 2013, but I guess some clueless people may be shocked by the payroll tax holiday not being extended again. I thought the first extension was stupid, irresponsible, and Keynesian.

[joshh]

I don't know anyone foolish enough to expect us to keep robbing from Social Security into 2013, but I guess some clueless people may be shocked by the payroll tax holiday not being extended again. I thought the first extension was stupid, irresponsible, and Keynesian.

I don't know anyone foolish enough to think increasing taxes on the middle class and businesses in this economy is a good idea.

Specially when Obama and Democrats have repeated time and time again that they are such a friend to the middle class. Not so much it seems.