For those who think that ObamaCrapCare is so good, you need to ask yourself the following question: if it is such a wonderful development, why would the authors not want to be covered by it? It does not take much thought!
We need to stop the funding of this program, otherwise, we will look back at the “good ole days” of great health insurance.
Conservative Tom
Lawmakers, aides may get Obamacare exemption
Read more: http://www.politico.com/story/2013/04/obamacare-exemption-lawmakers-aides-90610.html#ixzz2RhcSFiK8
I’m going to guess that Mark Shields, having been on TV for a million years, has more than a little money. Is he referring to himself? Via Newsbusters: MARK SHIELDS, PBS: I think it was G. K. Chesterton who said, “Wherever they are, the rich are the scum of the earth.” Actually, Chesterton said, “The [...]
Weasel Zippers
George Soros predicts riots, police state and class war for America
While being your own boss might seem like a dream come true, being self-employed these days is a serious tax nightmare. In 2010, the self-employed of the middle class were saddled with a 40.3% income tax rate. But following last night’s fiscal cliff debacle, the tax burden will now be even higher.
Why do the self-employed pay so much more in taxes? For starters, self-employed people have to pay double the FICA and Medicare expenses as other workers because payroll taxes typically paid by employers are swallowed by the self-employed.
With last night’s so-called “deal,” the self-employed middle class can expect an even higher tax burden in 2013. CNN contributor and former White House press secretary Ari Fleischer is tweeting out the warnings this morning:
If you’re self-employed, bcause u pay both sides of the Medicare and Soc Sec tax, your new top Federal rate is above 50%.
— Ari Fleischer (@AriFleischer) January 2, 2013
If you’re self-employed and live in a high tax state (think NY and CA) your new combined federal/state top rate is about 60%.
— Ari Fleischer (@AriFleischer) January 2, 2013
Follow Meredith Jessup on Twitter
Follow Meredith Jessup on Facebook
Read more stories from TheBlaze
Publish Gun Owners’ Info? Ann Coulter: Release The Records of Women Who Have Had Abortions, Too
Filed under News | Comment (0)An analysis of the so-called fiscal cliff deal reveals that earners making just $ 30,000 will take a bigger hit on their pay than those earning between $ 200,000 and $ 500,000:
Earners in the latter group will pay an average 1.3 percent more – or an additional $ 2,711 – in taxes this year, while workers making between $ 30,000 and $ 200,000 will see their paychecks shrink by as much as 1.7 percent – or up to $ 1,784 – the D.C.-based think tank reported.
Overall, nearly 80 percent of households will pay more money to the federal government as a result of the fiscal cliff deal.
“The economy needs a stimulus, but under the agreement, taxes will go up in 2013 relative to 2012 – not only on high-income households, as widely discussed, but also on every working man and woman in the country, via the end of the payroll tax cut,” said William G. Gale, co-director of the Tax Policy Center.
“For most households, the payroll tax takes a far bigger bite than the income tax does, and the payroll tax cut therefore – as [the Congressional Budget Office] and others have shown – was a more effective stimulus than income tax cuts were, because the payroll tax cuts hit lower in the income distribution and hence were more likely to be spent,” he added.
To calculate how the fiscal cliff deal will affect your taxes, click here.
Follow Meredith Jessup on Twitter
Follow Meredith Jessup on Facebook
Read more stories from TheBlaze
Filed under News | Comment (0)
Via Washington Secrets: Democratic activist Van Jones and his group “Rebuild the Dream” is calling on the government to attack the rich and “Foreclose on the 1 percent.” But in helping President Obama assail the wealthy and pressure House Republicans, Jones is taking an unusual path–through artwork. “If we’re going to end this fiscal madness [...]
Weasel Zippers
Via ABC News: Republicans are seriously considering a Doomsday Plan if fiscal cliff talks collapse entirely. It’s quite simple: House Republicans would allow a vote on extending the Bush middle class tax cuts (the bill passed in August by the Senate) and offer the President nothing more: no extension of the debt ceiling, nothing on [...]
Weasel Zippers
Here come the pinkie rings. Via The Hill: Hundreds of union members will be on Capitol Hill this week to lobby lawmakers to leave entitlements alone and let tax cuts for the wealthy expire. Starting Tuesday, AFL-CIO members from across the country will come to Washington to keep pressure on Congress as it enters negotiations [...]
Weasel Zippers
Via Reason’s Peter Suderman: 8. Erase the entire Walton family fortune and you get an average $ 1/hour boost to Walmart workers. — Peter Suderman (@petersuderman) November 24, 2012 8. Erase the entire Walton family fortune and you get an average $ 1/hour boost to Walmart workers. — Peter Suderman (@petersuderman) November 24, 2012 More facts here…
Weasel Zippers
They claim to be fighting for the middle class but they support a crushing tax hike on small business owners. Makes no sense whatsoever. Washington (CNN) – Several major labor unions are banding together to launch an ad campaign next week urging members of Congress to raise tax rates on the wealthiest Americans and to [...]
Weasel Zippers
