Over the fiscal cliff: Soft or hard l...

Over the fiscal cliff: Soft or hard landing?

There are 20 comments on the Northern Michigan News story from Jan 1, 2013, titled Over the fiscal cliff: Soft or hard landing?. In it, Northern Michigan News reports that:

The Senate on Tuesday approved a bill to prevent the nation from going over a Jan.

Join the discussion below, or Read more at Northern Michigan News.

lolol

Albuquerque, NM

#1 Jan 1, 2013
as usual married couples get the shaft

400k threshold for singles, 450k for couples.
how anti-marriage can you get ?

shouldn't it be 200k single, 400k combined for couples ?

best reason yet for divorce of convenience so a couple with good jobs don't get screwed because they're 'joint' income.
Lance Winslow

San Jose, CA

#2 Jan 1, 2013
lolol wrote:
as usual married couples get the shaft
400k threshold for singles, 450k for couples.
how anti-marriage can you get ?
shouldn't it be 200k single, 400k combined for couples ?
best reason yet for divorce of convenience so a couple with good jobs don't get screwed because they're 'joint' income.
Surely we must shed a sympathetic tear for those whose hardship is paying taxes on the $200K or$450K they were unable to shelter.
equote

Llano, TX

#3 Jan 1, 2013
Hopefully the link below will take you to the text of the bill passed by the Senate. Read for yourself before you praise or condemn.(if the link doesn't work, copy and paste to your brouser)

http://thomas.loc.gov/cgi-bin/query/D... ::
FocusOnCorporate Whores

Bryn Mawr, PA

#4 Jan 1, 2013
For arguments sake a 250k threshold.

Some middle class families even under 250K a year could get hit with a double whammy if they they sell their house, sell an inherited house, collectable etc bringing their income over the threshold of 250K.

So even if a family makes 75K a year just selling a house for 200k ish brings them over the threshold of 250k subjecting them to a higher income tax rate and a higher capital gains rate on the house sale.

Then lets say a middle income family of 75k a year is forced into early retirement taking a lump sum. Unless they reinvest right away that sum will be taxed. Also many have had to use their retirment savings to pay bills.

Don't get hung up on individual income taxes. You have major corporations averaging 0-1% income tax rates taking billions out of the tax equation yearly.
equote

Llano, TX

#5 Jan 1, 2013
equote wrote:
Hopefully the link below will take you to the text of the bill passed by the Senate. Read for yourself before you praise or condemn.(if the link doesn't work, copy and paste to your brouser)
http://thomas.loc.gov/cgi-bin/query/D... ::
clicking on the link in the origional post will not bring up the bill text. Copy an past the link above to get there.

Topix editors, what is happening?
Robert

Douglasville, GA

#6 Jan 1, 2013
If we made the government smaller instead of our portion of our pay checks this would be much easier on us.
Lance Winslow

San Jose, CA

#7 Jan 1, 2013
Robert wrote:
If we made the government smaller instead of our portion of our pay checks this would be much easier on us.
The rest of us voted on that Nov. 6th, Robert.

Since: Dec 07

Athens, TX

#12 Jan 1, 2013
Lance Winslow wrote:
<quoted text>The rest of us voted on that Nov. 6th, Robert.
Because your messiah is NOT the dictator you wish, you forget the republicans kept the house they won in 2010 when the American people said stop nancy and barry's spendathon.

The USA has now more republican governors than anytime in history. Barry is going to have to behave. LMAO
Robert

Douglasville, GA

#13 Jan 1, 2013
Lance Winslow wrote:
<quoted text>The rest of us voted on that Nov. 6th, Robert.
Yes, hence the problem with democracy, 4 wolves and 2 sheep vote on what is for dinner.

You democrats should learn to rely upon yourselves without seeking to place on your fellow man a responsibility which is yours. You should be ashamed that you can simply vote to pay less than your fair share.

“Happiness comes through giving”

Since: Feb 08

Location hidden

#14 Jan 1, 2013
Robert wrote:
If we made the government smaller instead of our portion of our pay checks this would be much easier on us.
The devil being in the details, what would you do specifically to make our government smaller?
time aftor time

Hanoi, Vietnam

#15 Jan 1, 2013
Bluebonnets-Thistle wrote:
<quoted text>
Because your messiah is NOT the dictator you wish, you forget the republicans kept the house they won in 2010 when the American people said stop nancy and barry's spendathon.
The USA has now more republican governors than anytime in history. Barry is going to have to behave. LMAO
hey, cowboys! missing Barry?;)
time aftor time

Hanoi, Vietnam

#16 Jan 1, 2013
Lawrence Wolf wrote:
<quoted text>The devil being in the details, what would you do specifically to make our government smaller?
it"s YO govern Woofe!! ;) hope U hold the grande titleboy!;-00
Robert

Douglasville, GA

#17 Jan 1, 2013
Can't answer that in a Topix post but the end result would be radical. Just as an example my generation as well as everyone before it managed to get an education without a federal department of education. It is gone, I would not get rid of everything immediately as it would be a blow to the economy but many things would be going. Do you realize we could get rid of the income tax and replace it with nothing and still have enough money to fund the same size government we had in 1990. Gone would be the endless spending on these foreign wars that are not necessary to the security of this country. Gone will be foreign aid to countries when we are talking about how we don't have enough money to pay the healthcare for out seniors. The list of things we don't need from out federal government is seems endless.

I liked Romney's line about is it worth borrowing from the Chinese to pay for it.

The only candidate I saw who was serious about dealing with the national debt and shrinking the size of the federal government was Ron Paul.
got timing

Hanoi, Vietnam

#18 Jan 1, 2013
Robert wrote:
Can't answer that in a Topix post but the end result would be radical. Just as an example my generation as well as everyone before it managed to get an education without a federal department of education. It is gone, I would not get rid of everything immediately as it would be a blow to the economy but many things would be going. Do you realize we could get rid of the income tax and replace it with nothing and still have enough money to fund the same size government we had in 1990. Gone would be the endless spending on these foreign wars that are not necessary to the security of this country. Gone will be foreign aid to countries when we are talking about how we don't have enough money to pay the healthcare for out seniors. The list of things we don't need from out federal government is seems endless.
I liked Romney's line about is it worth borrowing from the Chinese to pay for it.
The only candidate I saw who was serious about dealing with the national debt and shrinking the size of the federal government was Ron Paul.
GAer! here can helping U www.answer.com and www.ask.com

hav fun in Topix!!;-0000000

“It's Time to Defeat Terrorism ”

Since: May 11

NYC

#19 Jan 1, 2013
The main Obama's'cliff' is coming within two months when Obama will be broke and ne left like drunken sailor with no money to pay his liberal parasitic base. The House has no choice but to approve the most sickening bill in US history that was forced on Congress by the corrupt anti-American dictator Obama and liberal socialistic liberals that go after him like blind herd of sheep. The increase in tax to the 1% rich that earn more than $400,000 will not result in minuscule change in revenues but will lead to the escape of the rich from the American entrepreneurships. The rich American can find alternatives and reduce their dependency of the Obama brutal regime that hates the successful Americans and sick to punish them for their success. This means that successful Americans will make sure that they are not as successful as they would like to be but just moderate successful without working too hard for the Obama liberal parasitic base and unions that are waiting for every dollar that is harvested by Obama from the 'rich'. The GOP House will finish its session and the new House of Representatives will come later in January with new conservatives. The new Congress will start fighting the socialistic anti-American dictator Obama by all possible means and will dup to cut as much money as possible from the Obama's czars and from the Obama’s rich liberal union employees that make more than $250,000 and owe lots of millions of their due taxes to America. It is time for the new US Congress to save America from arrogant dictator who serves foreign agenda that seek to build new socialistic America on the ruins of the America that we knew and love.
S-N-A-F-U

Sierra Vista, AZ

#20 Jan 2, 2013
O'BYSMAL WON, THE USofA - LOST!

Let's look at what we have learned from this election:

Twenty-one of 22 incumbent senators were re-elected, and 353 of 373 incumbent members of the House were re-elected. The American people have re-elected 94 percent of the incumbents who were running for re-election to an institution that has an approval rating of about 9%. This indicates, as an electorate, we are a nation of idiots. We are now stuck with the useless, dysfunctional government that we deserve, and that includes the biggest Idiot that sits in the oval orifice.

Lets take a look of what our founders warned us of regarding Public DEBT & SPENDING -- Which Obama and his ilk didn't even consider...

"A departure from principle becomes a precedent for a second; that second for a third; and so on, till the bulk of society is reduced to mere automatons of misery, to have no sensibilities left but for sinning and suffering… And the fore horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression."-Thomas Jefferson

"We must not let our rulers load us with perpetual debt."- Thomas Jefferson

"Allow a government to decline paying its debts and you overthrow all public morality — you unhinge all the principles that preserve the limits of free constitutions.Nothing can more affect national prosperity than a constant and systematic attention to extinguish the present debt and to avoid as much as possibly the incurring of any new debt.-Alexander Hamilton

"When the people find that they can vote themselves money, that will herald the end of the republic. Sell not liberty to purchase power." - Benjamin Franklin

“Obama Shames the USA”

Since: Apr 09

Location hidden

#21 Jan 2, 2013
This president is a drama queen bullshitter.
Benghazi is the ruler by which I measure him.
conservative crapola

Bethlehem, PA

#22 Jan 2, 2013
Ninthman wrote:
This president is a drama queen bullshitter.
Benghazi is the ruler by which I measure him.
Use your ruler to measure your 1-inch teastupid dick, dick.

hahahahahahahaha
water

Seattle, WA

#23 Jan 2, 2013
Fiscal Cliff "Deal" is a Joke

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FocusOnCorporate Whores

Bryn Mawr, PA

#24 Jan 2, 2013
The country's credit card account should've been frozen. But the national credit card has become too big to fail and when it does we all will pay even more.

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