General Discussion
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(26,117 posts)kelliekat44
(7,759 posts)Nice post. You could add all of the social justice changes and yes OBL. And by the end of his final term, we will be off the permanent war footing I predict. NSA, drones, and GITMO...all started BEFORE his administration will all be resolved also. When haters have no place else to go they will continue to go to CPI and TPP...none of which have actually come to fruition. He is a master chess player and decent human being. And the haters can't stand it!!
MoonRiver
(36,926 posts)Sucks to be them!
freefaller62
(30 posts)I agree with you. This little sign does not cover enough. It's like a quarter page resume.
cali
(114,904 posts)have become richer. The middle class has diminished. Social services have been cut
isn't it interesting that the first thing on that list is the DOW?
uponit7771
(90,367 posts)... we live with the effect of conservatism and isolated from that Obama has kicked much ass.
P.S. - conservatism isn't made for pluralistic societies so for America it's bad
"look, that's ridiculously one sided. Poor people have become poorer. Rich people have become richer.
...it would have been a lot worse without President Obama's policies.
The Stimulus worked.
http://www.democraticunderground.com/10024539986
Update May 31, 2013 This page has been updated to reflect the fact that the EITC changes under ARRA, which were to expire at the end of 2012, were extended through December 2017 by the American Taxpayer Relief Act of 2012.
Update Oct. 31, 2011 This page has been updated to reflect the fact that the EITC changes under ARRA, which were to expire at the end of 2010, were extended through December 2012 by the Tax Relief and Job Creation Act of 2010.
The earned income tax credit is a refundable credit intended to help people who work but earn modest incomes. The American Recovery and Reinvestment Act provides a temporary increase in the EITC for taxpayers with three or more qualifying children. In 2013, the maximum EITC for this new category is $6,044. ARRA also increased the beginning point of the phaseout range for the credit for all married couples filing a joint return, regardless of the number of children.
In 2013, the credit begins to phase out at $22,870 for married taxpayers filing a joint return with children and completely phases out at $43,210 for one child, $48,378 for two children and $51,567 for three or more children. For married taxpayers filing a joint return with no children, the credit begins to phase out at $13,310 and completely phases out at $19,680.
These changes applied to 2009 and 2010 tax returns under ARRA, and were extended by the Tax Relief and Job Creation Act of 2010 to apply to 2011 and 2012 tax returns. The American Taxpayer Relief Act of 2012 extended these temporary ARRA increases for five years through December 2017.
http://www.irs.gov/uac/ARRA-and-the-Earned-Income-Tax-Credit
Krugman: Obama and the One Percent
http://www.democraticunderground.com/10024391415
The heatlh care law also raised the payroll tax for high income earners and taxed investment income.
A new Net Investment Income Tax goes into effect starting in 2013. The 3.8 percent Net Investment Income Tax applies to individuals, estates and trusts that have certain investment income above certain threshold amounts. The IRS and the Treasury Department have issued proposed regulations on the Net Investment Income Tax. Comments may be submitted electronically, by mail or hand delivered to the IRS. For additional information on the Net Investment Income Tax, see our questions and answers.
Additional Medicare Tax
A new Additional Medicare Tax goes into effect starting in 2013. The 0.9 percent Additional Medicare Tax applies to an individuals wages, Railroad Retirement Tax Act compensation, and self-employment income that exceeds a threshold amount based on the individuals filing status. The threshold amounts are $250,000 for married taxpayers who file jointly, $125,000 for married taxpayers who file separately, and $200,000 for all other taxpayers. An employer is responsible for withholding the Additional Medicare Tax from wages or compensation it pays to an employee in excess of $200,000 in a calendar year. The IRS and the Department of the Treasury have issued proposed regulations on the Additional Medicare Tax. Comments may be submitted electronically, by mail or hand delivered to the IRS. For additional information on the Additional Medicare Tax, see our questions and answers.
http://www.irs.gov/uac/Affordable-Care-Act-Tax-Provisions