Welcome to PatsFans.com

What's being proposed as part of debt ceiling talks......

Discussion in 'Political Discussion' started by Patsfanin Philly, Jul 20, 2011.

  1. Patsfanin Philly

    Patsfanin Philly Experienced Starter w/First Big Contract

    Joined:
    Jan 16, 2005
    Messages:
    6,777
    Likes Received:
    34
    Ratings:
    +88 / 0 / -0

    #95 Jersey

    Last edited: Jul 20, 2011
  2. The Brandon Five

    The Brandon Five Experienced Starter w/First Big Contract

    Joined:
    Aug 21, 2010
    Messages:
    6,639
    Likes Received:
    78
    Ratings:
    +245 / 5 / -4

    #75 Jersey

    Obama was talking about getting rid of the charitable deduction early in his tenure. Big gubmint doesn't like competition from all those non-profits.
     
  3. BSR

    BSR In the Starting Line-Up

    Joined:
    Nov 7, 2007
    Messages:
    2,959
    Likes Received:
    12
    Ratings:
    +50 / 0 / -0

    WTF? So much for not taxing the middle class. Meanwhile wealthiest have their taxes lowered? I must assume that I am missing something here. :eek:
     
  4. JackBauer

    JackBauer Pro Bowl Player

    Joined:
    Mar 3, 2005
    Messages:
    16,170
    Likes Received:
    292
    Ratings:
    +704 / 6 / -9

    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.
     
  5. Patsfanin Philly

    Patsfanin Philly Experienced Starter w/First Big Contract

    Joined:
    Jan 16, 2005
    Messages:
    6,777
    Likes Received:
    34
    Ratings:
    +88 / 0 / -0

    #95 Jersey

    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.....
     

Share This Page

unset ($sidebar_block_show); ?>