ARE YOU NEW HERE? NOT LOGGED IN? PLEASE TAKE A MOMENT TO REGISTER FOR AN ACCOUNT AND LOGIN TO REMOVE THIS WINDOW
Welcome to PatsFans.com. Do you have an account? If not - please take a moment to register for our forum and experience a much smoother experience with fewer ads, along with no longer having to see this notification window. Also learn about how you can receive a free Patriots T-Shirt from the Patriots Official ProShop by CLICKING HERE. Please enjoy your stay here, and Go Pats!
"On taxes, the Senate Finance Committee would be instructed to lower tax rates, eliminate the alternative minimum tax, and “reform” tax breaks for health care, charitable giving and homeownership. "
Translation, eliminate the deduction for charity and mortgage deductions to 'raise revenue'........
Last edited by Patsfanin Philly; 07-20-2011 at 01:00 PM..
DONATE TO PATSFANS.COM
RECEIVE A FREE PATS T-SHIRT AND SAVE 15% OFF WHEN YOU BUY FROM THE OFFICIAL PROSHOP!
Free T-Shirt & Save 15% Off!
Like Our Site? Please help support our site and server costs by DONATING TO PATSFANS.COM and receive a FREE PATRIOTS T-SHIRT and SAVE 15% off EVERY purchase you make from PatriotsProShop.com. You'll also receive added benefits to your account including Removing All Ads During Your Experience Here At Our Forum.
NEEDED YEARLY SITE DONATIONS: 345 | CURRENT # OF SUBSCRIBED SUPPORTERS: 98
Re: What's being proposed as part of debt ceiling talks......
Originally Posted by JackBauer
AMT should be reformed, not eliminated.
Although, all this is being negotiated by millionaires, so it's little surprise if the budget is balanced on the backs of the poor, middle class, and elderly.
Add the plan to tax health insurance and a certain mantra
" If you earn less than $250K, your taxes won't go up by one dime" is about to go out the window. It doesn't matter if they lower the rates, the net effect is intended to bring in $1 trillion more by limiting deductions. If all of a sudden your family health insurance plan was classified as $15,000 of income and your $2000 charitable contribution is no longer deductible and your $4000 in mortgage interest is no longer deductible ( number not unheard of), your income just went up by $21,000 and even if they lower the rates a little, you are looking at a major increase in taxes across the board and we are not talking about only the very well to do.....