EAST TEXAS HOG DOGGERS FORUM

Ok I'm not to big on the understanding of tax beep and what the gov is doing to rip us off so if someone knows what the heck is going on and can put it in redneck language I sure would appreciate it or post a link to were it is simplified.  number 2ty start to my new year when my brother calls me and says well you ready for your taxes to go up 3000 to 4000 a year damn I'm going to be durned stretched if that happens.  Kinda venting wish I was drunk lol maybe wouldn't be so dang ticked off. 

I've read a couple articles but the details are pretty fuzzy still. To put it in simple terms, our taxes are going up one way or another.... Be ready.

and some un-necessary spending is supposed to go down...they are trying to balance spending/budget...

copied this off of c-nbc.com...

The U.S. House of Representatives voted late on Tuesday in favor of a Senate "fiscal cliff" bill to avoid massive tax hikes and spending cuts.

the stock market liked the news and the futures are way up this morning...balancing the budget is important but it has to be well thought out and then small steps in the right direction makes sense to me...

The bill past at the last minute. The bill averted the largest tax increase in HISTORY but it hikes rates on income above $400,000. on
individuals and $450,000. on household income. The middle class will see an increase due to a social security tax cut that is due to expire.
Supposedly this is what we can expect.
       
              How the tax increases will affect households at different income levels:

___

Annual income: $20,000 to $30,000

Average tax increase: $297

___

Annual income: $30,000 to $40,000

Average tax increase: $445

___

Annual income: $40,000 to $50,000

Average tax increase: $579

___

Annual income: $50,000 to $75,000

Average tax increase: $822

___

Annual income: $75,000 to $100,000

Average tax increase: $1,206

___

Annual income: $100,000 to $200,000

Average tax increase: $1,784

___

Annual income: $200,000 to $500,000

Average tax increase: $2,711

___

Annual income: $500,000 to $1 million

Average tax increase: $14,812

___

Annual income: More than $1 million

Average tax increase: $170,341

___

Source: Tax Policy Center 

BOHICA !!!!!! " Bend Over Here It Comes Again" here is the redneck conversion

From Yahoo http://news.yahoo.com/winners-losers-fiscal-cliff-deal-231507391--politics.html
With the Bush tax cuts set to extend for individuals making less than $400,000, middle- and upper-middle class taxpayers can breathe a sigh of relief.

 ??? When your boss has to pay more in taxes... you are less likely to get a raise. When the company you buy products from pays more in taxes... those products become more expensive. WE ALL LOSE WHEN TAXES GO UP. >:( This is exactly how the media tries to spend this stuff. Those of you making over $400K a year... Im sorry the fed govt is punishing you.

They did nothing to slow down spending in any way.

Eric I like your comment.
Corporations don't pay taxes people do.
It seems hard work doesn't pay off today like it did for past generations.

Can somebody tell me what salary ranges go with Low, Middle and Upper class?

If you are dependant on the government, you are middle class. If you work for a living you are upper class. If you are a democrat or republican politician you are low class. >:D

X2 ked very well said all you have to do this day in time it seems like is get you a family and remand unmarried and you will not have to work a day in your life it is pitiful I think in order to vote you should have to show up with the previous years tax return  I know some people truly need help but dang all these handouts are terrible and like ked said if you work you are upper class

And yet where is the outrage about $67 billion of pork included in the legislation to avoid the fiscal cliff (a true misnomer) that was bought and paid for by lobbyist for NASCAR and asparagus growers, etc?