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UPDATED**House Passes Senate Tax Package, 257-167***

  • JarheadBuck said...

    Leave it to a Bama type to like the estate tax. There ought to be no such animal. If you don't want to leave anything to your kids/grandkids, that's fine. You should not (or more to the point, our freakin politicians) shouldn't get the bulk of the rest of our life's work to spend because you feel that way.

    A person works hard and builds a little money (paying taxes on it all the way along). The gov't has no business taking another huge cut of it to waste / redistribute at the end of that life. That should be that person's to distribute any damn way they see fit...tax free.

    Why are you acting like this would affect everyone?

    Edit: did you not see all my freaking exemptions and deductions. GTFO with your philosophical BS.

    This post was edited by BamaLivesFootba on 1/1/2013 at 11:00 PM

    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba

  • CrimsonTemplar said...

    welp time to move to canada

    Bye wave

    dkerns

  • LonestarAg_10 said...

    "Relative to existing policies, the tax provisions yield $620 billion over 10 years, according to the Joint Committee on Taxation. Relative to what would happen if no action is taken, the deal would increase the deficit by $3.9 trillion, according to the Congressional Budget Office."

    This is the last paragraph of the attachment. I read this as saying they raised taxes and regardless the deficit will still go up $3.9 trillion. Is that correct or is my reading comprehension crap tonight?

    Technically it adds to the deficit because future deficits are based on current laws, baseline budgeting etc.

    So the former deficits had the lapse of the Bush Era Tax Cuts taken into account.

    However, it still needs full negotiations on the rest of the deficit reduction.

    Also, these figures always are for ten years.

    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba

  • elite44 said...

    I'm extremely offended, and feel you should serve a 24 hour ban for insinuating such a thing. The state of our country and soft uneducated Democrats is no trolling matter.

    He trollin'

    dkerns

  • LonestarAg_10 said...

    "Relative to existing policies, the tax provisions yield $620 billion over 10 years, according to the Joint Committee on Taxation. Relative to what would happen if no action is taken, the deal would increase the deficit by $3.9 trillion, according to the Congressional Budget Office."

    This is the last paragraph of the attachment. I read this as saying they raised taxes and regardless the deficit will still go up $3.9 trillion. Is that correct or is my reading comprehension crap tonight?

    Yes. Exactly right.

    JarheadBuck

  • JarheadBuck said...

    Leave it to a Bama type to like the estate tax. There ought to be no such animal. If you don't want to leave anything to your kids/grandkids, that's fine. You should not (or more to the point, our freakin politicians) shouldn't get the bulk of the rest of our life's work to spend because you feel that way.

    A person works hard and builds a little money (paying taxes on it all the way along). The gov't has no business taking another huge cut of it to waste / redistribute at the end of that life. That should be that person's to distribute any damn way they see fit...tax free.

    If you set up your estate in family undivided interest trusts or gift your assets before death then the estate taxes wont effect your assets. Basically give your kids or whomever you are passing on your assets to as a gift before death and those leeches in DC wont be able to touch it.

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    LonestarAg_10

  • BamaLivesFootba said...

    Why are you acting like this would affect everyone?

    Edit: did you not see all my freaking exemptions and deductions. GTFO with your philosophical BS.

    Because it 's a general principal. Just like your "class warfare" stance (soak the rich) is a philosophical stance.

    BTW, I'm not one of the "rich" (my taxes didn't go up today)...although I do aspire to such heights.

    JarheadBuck

  • JarheadBuck said...

    Because it 's a general principal. Just like your "class warfare" stance (soak the rich) is a philosophical stance.

    BTW, I'm not one of the "rich" (my taxes didn't go up today)...although I do aspire to such heights.

    Except your taxes did go up today.

    facepalm_msu

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    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba

  • We've got to cut spending obviously. Dropping the military from high 700 billions to ~600 would be smart. IYAM. We are safe, secure and dominant. Close down 15-20 overseas bases.

    Start funneling dollars over next 3 years from endless tanks, planes and such towards cyber security.

    If we make simple, smart cuts we can get back to tenable.

    fsufsu

  • fsufsu said...

    We've got to cut spending obviously. Dropping the military from high 700 billions to ~600 would be smart. IYAM. We are safe, secure and dominant. Close down 15-20 overseas bases.

    Start funneling dollars over next 3 years from endless tanks, planes and such towards cyber security.

    If we make simple, smart cuts we can get back to tenable.

    It's really not that hard.

    It's just we have a circus being run by psychos though.

    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba

  • Let's wait to see what the market says tomorrow.

    Leppycole

  • BamaLivesFootba said...

    It's really not that hard.

    It's just we have a circus being run by psychos though.

    For sure.

    fsufsu

  • sf2k4 said...

    I realize that we all hate taxes, but if we go around cutting as many taxes as possible, how do we expect to pay for the things that taxes support? The stuff we care about, like education, roads, etc. Not talking about debatable things like welfare and its usefulness/unusefulness.

    That's a good point. Frankly our system is set up to prevent us from ever making decisions by allowing our freakin politicians to distort and hide the decisions behind platitudes and political mis-information.

    IMHO, the only real solution is to remove this power from the hands of Congress/White House. It could be done with 3 constitutional amendments that both removes a lot of FUD and forces us (American Voters) to make real, often hard decisions.

    Amendments:
    1) Current and future year balanced budget required. No exceptions period. No unfunded State mandates.
    2) Flat income tax rate with a individual $10k/individual income exemption, no deductions period with tax receipts = budget.
    3) Bi-annual popular vote to determine budget pct. by major dept/line-item from among say 4 options.

    JarheadBuck

  • BamaLivesFootba said...

    Except your taxes did go up today.

    facepalm_msu

    lol For a few hours. However, once Obama signs, I'm back where I was yesterday if I'm not mistaken.

    JarheadBuck

  • JarheadBuck said...

    lol For a few hours. However, once Obama signs, I'm back where I was yesterday if I'm not mistaken.

    facepalm_msu

    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba

  • fsufsu said...

    We've got to cut spending obviously. Dropping the military from high 700 billions to ~600 would be smart. IYAM. We are safe, secure and dominant. Close down 15-20 overseas bases.

    Start funneling dollars over next 3 years from endless tanks, planes and such towards cyber security.

    If we make simple, smart cuts we can get back to tenable.

    Makes sense.

    Good luck getting those transitions done when every tank, plane, base, weapon system has a huge constituency of lobbyists and supporting politicians.

    2013 Budget Percentages
    Defense......24%
    Healthcare..24%
    Pensions.....23%
    Welfare.......11%
    Interest.........7%
    Educ.............4%
    Transport......3%
    Protection.....2%
    Other............4%
    Total...........102% (Leave it to the gov't to not be able to calculate pct. correctly)

    Edit: 1% = $37.956 Billion

    This post was edited by JarheadBuck on 1/1/2013 at 11:46 PM

    JarheadBuck

  • "Taxes are the price we pay for civilized society"

    - Oliver Wendell Holmes, 1927

    This post was edited by AUHeismanTrust on 1/1/2013 at 11:48 PM

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    We Comin'.....at some point....

    AUHeismanTrust

  • Education sitting at 4% tells you all you need to know about America. Quite frankly, if I had my way, education would be the largest of the list.

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    sf2k4

  • 4% on education is unacceptable. Also, we pay 24% in healthcare for privatization and a mixed bag of handouts while other civilized countries with real 'universal healthcare' pay 8-10% but fuck it....'murca.

    SCirish843

  • It should be noted that most education spending is done on the state level.

    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba

  • BamaLivesFootba said...

    It should be noted that most education spending is done on the state level.

    Correct, but I think it needs more national funding as well. We could get into a multitude of philosophical discussions on here about how states with more money and thus more funding shouldn't have to hurt their education systems to help out states that don't, blah blah blah, we could go on forever. The fact is, we're a nation comprised of states and people move from state to state and we, as a whole, are what makes America. We owe it to every state and every person to make every education system as good as possible.

    IMO of course.

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    sf2k4

  • sf2k4 said...

    Correct, but I think it needs more national funding as well. We could get into a multitude of philosophical discussions on here about how states with more money and thus more funding shouldn't have to hurt their education systems to help out states that don't, blah blah blah, we could go on forever. The fact is, we're a nation comprised of states and people move from state to state and we, as a whole, are what makes America. We owe it to every state and every person to make every education system as good as possible.

    IMO of course.

    That's true. Just wanted to make sure it was known that the 4% number wasn't being thought of as the percentage of ALL education spending and them have that compared to other countries or such.

    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba

  • BamaLivesFootba said...

    That's true. Just wanted to make sure it was known that the 4% number wasn't being thought of as the percentage of ALL education spending and them have that compared to other countries or such.

    Right. I don't have any numbers to back this up at the moment, which means I could be totally off base, but I'm willing to bet there's a pretty clear cut relationship between a state's revenue/taxes/population size and their quality of education.

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    sf2k4

  • The deal lets the Social Security payroll tax rise by 2 percent in 2013, which will cost a taxpayer earning $50,000 a year an additional $1,000, roughly.

    Great. More taxes for shit I'll never see.

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    DrStache

  • Tidepride30 said...

    The deal lets the Social Security payroll tax rise by 2 percent in 2013, which will cost a taxpayer earning $50,000 a year an additional $1,000, roughly.

    Great. More taxes for shit I'll never see.

    I just checked and my companies accountant never changed the deduction for payroll holiday. What are the chances I get that overpayment back?

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    Sir Mix A Lot