To: TSgt
I hope they DO pay more in taxes. It’s about time!
BS!
The reason: They don’t pay taxes! Under $20K? You get it all back anyway! And State and Local government employees don’t pay into Social Security because they are covered by other pensions. Sorry, no sympathy here...
A single mother in Ohio ...with two young kids and a $16,900 income will keep the $420 that she’s gotten from the Bush tax cuts. On top of that, she will receive another $1,720 in tax relief — $340 from the payroll tax holiday plus $1,380 from an expanded child tax credit.
Meanwhile, an analysis from the liberal Center on Budget and Policy Priorities estimates the tax cut compromise as a whole will keep more than 2 million Americans above the poverty line and reduce the severity of poverty for 18 million more.
And an analysis by the Tax Foundation, a research group that favors lower taxes, found that low-income Americans will also be better off under the tax cut deal than they would have been under a bill passed by House Democrats.
2 posted on Friday, December 17, 2010 5:31:47 PM by TSgt (Colonel Allen West & Michele Bachman - 2012 POTUS Dream Team Ticket!)
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To: wrrock
3 posted on Friday, December 17, 2010 5:32:09 PM by dfwgator (Welcome to the Gator Nation Will Muschamp)
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To: wrrock
Because Obama tinkered with the tax deduction thing, 13 million people will owe more apparently. Or at least get smaller refunds. lol.
4 posted on Friday, December 17, 2010 5:32:34 PM by GeronL (#7 top poster at CC, friend to all, nicest guy ever, +96/-14, ignored by 1 sockpuppet.. oh & BANNED)
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To: wrrock
“We had to kill them to save them.” —Janet “Butch” Reno, USAG
5 posted on Friday, December 17, 2010 5:34:07 PM by E. Pluribus Unum (DEFCON I ALERT: The federal cancer has metastasized. All personnel report to their battle stations.)
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To: wrrock
Consumer Report’s greatest hero was Ralph Nader.
6 posted on Friday, December 17, 2010 5:36:05 PM by Cicero (Marcus Tullius.)
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To: wrrock
I haven’t paid any attention to CR for years now.
7 posted on Friday, December 17, 2010 5:36:23 PM by tgusa (Investment plan: blued steel, brass, lead, copper)
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To: wrrock
Middle- and upper-income workers could very well use the extra money in their paychecks to pay down debt and save, not to spend to prop up the economy.
And what's wrong with that?
Middle-class savers are putting their money back into the financial system, where it gets moved around to the most profitable enterprises. You know, the enterprises that provide jobs.
8 posted on Friday, December 17, 2010 5:38:07 PM by rabscuttle385 (Live Free or Die)
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...
The list, ping
Let me know if you would like to be on or off the ping list
http://www.nachumlist.com/9 posted on Friday, December 17, 2010 5:40:11 PM by Nachum (The complete Obama list at www.nachumlist.com)
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