Congress passes cliff bill

Congress passes cliff bill

Posted in the Indianapolis Forum

Since: Dec 06

Indianapolis

#1 Jan 2, 2013
So now what? If you make over $400,000 a year, they are going to take 39.6% of your income. Makes you want to work overtime don't it? Then after you die, if your lucky enough to leave $5million to your kids, Oh wait they are going to take 40% more. Makes you want to go out and work more don't it?

If you are on unemployment, no need now to look for a job. You have one more year to sit in front of the video games. We will borrow the money to keep it going.

We will keep the biggest business in American in money by not cutting medicare fees by 27%

But wait, you don't get off free if you work. Back to the 2% raise in social security tax and don't forget ObamaCare taxes are coming.

But since there is no spending cuts or delay in spending cuts. We will just keep on borrowing and printing money to pay the interest on the national debt. Good Luck.
Ralph

Bloomingdale, IN

#2 Jan 2, 2013
DavidM wrote:
So now what? If you make over $400,000 a year, they are going to take 39.6% of your income. Makes you want to work overtime don't it? Then after you die, if your lucky enough to leave $5million to your kids, Oh wait they are going to take 40% more. Makes you want to go out and work more don't it?
If you are on unemployment, no need now to look for a job. You have one more year to sit in front of the video games. We will borrow the money to keep it going.
We will keep the biggest business in American in money by not cutting medicare fees by 27%
But wait, you don't get off free if you work. Back to the 2% raise in social security tax and don't forget ObamaCare taxes are coming.
But since there is no spending cuts or delay in spending cuts. We will just keep on borrowing and printing money to pay the interest on the national debt. Good Luck.
ctually David, I think we are having trouble borrowing, and have resorted to massive printing, with the Fed buying the debt.
That would be similar to you issueing a bond on the Cherry Tree McDonalds, and buying the bonds with money you printed. My opinion.
The Ultimate Kaptoz

Indianapolis, IN

#3 Jan 2, 2013
Now all of those Obama voters who still work will see how much their paychecks dwindled. Yes tax increase on 77% of the working people. That means small business once again is hit hard in this bad Obama depression . Yet the many black and Hispanics who voted for him smile big as though Obama got them another win. True many of them don't pay income taxes ever. They also get the Obama freebies the phone. The EBT cards The new line of Pickford cash handouts to any black , Hispanic and now women included that say they were denied by banks for loans to farm land.So the bonehead Boehner deal got only $15 billion in spending cuts, Yet now Obama gets to collect $625 billion in new taxes. This doesn't include his healthcare taxes soon to be collected by his newly hired armed IRS agents.

Since: Dec 06

Indianapolis

#4 Jan 3, 2013
That is why the Feds cut the rate to 0% interest rate for banks. If interest rates goes up, we can not afford to pay the interest on the national debt. That is why you money is not worth the paper it is printed on today.
Ralph wrote:
<quoted text>ctually David, I think we are having trouble borrowing, and have resorted to massive printing, with the Fed buying the debt.
That would be similar to you issueing a bond on the Cherry Tree McDonalds, and buying the bonds with money you printed. My opinion.

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