payroll tax

Payroll Tax Cut Extension – Will it Pass Before January?

(Savannah, GA) Vicki O’Donnell is a local teacher by day and this week on her time off, she’s been taking part in Occupy Savannah.  “I think we need a change and this topic is one reason why,” she tells me.the “topic” she refers to is the extension of the payroll tax cut. without it, most average Americans would owe another $700 to $1,000 in taxes each year and would see the hike immediately after January in higher paychecks.  “For me, losing up to $1,000 next year would mean me probably not paying my student loans and not helping my husband buy groceries,” she tells me. last week, the Senate voted to extend the payroll tax break for two months, after democratic and republic leaders came up with a compromise.  But House leaders decided not to go along, demanding that a one year extension be approved now before the first of the year.  One problem is that the Senate has adjourned and most senators have gone home to celebrate Christmas with their families. “No one told the Senate to vote on Saturday and then leave town,” said Congressman Jack Kingston.  “We were there this week to work.”Kingston did return to Savannah Wednesday afternoon but said he would be willing to go back to Washington if necessary. He urges senate leaders to get some senators back to the nation’s capital to try and iron out an agreement with House leaders by taking part in a conference committee.  “I think it’s very important that we have this conference committee. we already have eight members who’ve been designated to represent the House on the republican side, they’re in town, I volunteered to stay in town, I think we should get this done,” he said. Kingston and others in the House say the payroll tax cut should be extended for one year and that nothing will be different two months from now. Kingston says if a conference committee couldn’t agree, he would support a temporary extension. “Of course for the sake of the American people, I would support it,” he said. But it does leave O’Donnell wondering. if those in the House would support a two month extension rather than nothing, why would leaders put people like her through the uncertainly, especially during the holidays?”I think it’s ridiculous, I think there are a lot of people out here who are already struggling,” she says.

Pee Dee state house reps demand payroll tax cut extension

FLORENCE, S.C. —

State representatives from Florence and Darlington joined with a local advocacy group and called for Republicans in the U.S. House of Representatives to pass an extension of the federal payroll tax cut, saying the move would benefit working families across the Pee Dee.

At a press conference on Thursday at the Florence City-County Complex, Rep. Robert Williams, D-Darlington, urged voters to contact their congressmen and demand a compromise be reached before the end of the year.

Williams blamed GOP congressional leaders for “stalling out” and failing to compromise with their Democratic colleagues and members of their own party in the Senate.  

“They’re not living up to their word, and not only that, they’re hurting the American people,” Williams said.

Williams appeared alongside Rep. Terry Alexander, D-Florence, as well as Rabbi Jeff Ronald and Rev. Leo Woodberry, organizers Florence based social advocacy group First Justice, which focuses on promoting social equality for minorities and others the groups sees as being disenfranchised from the rest of the community.

Rep. Alexander spoke critically of the five Republican U.S. House members from South Carolina, saying those members must work on behalf of their constituents to approve the bipartisan proposal that passed the U.S. Senate earlier this week.

“It is our Republican colleagues who have failed to do what they were sent up there to do,” he said. “We are asking the general public themselves to make as many telephone calls as possible to encourage them and to engage them in this process.”

If Congress fails to pass a payroll tax cut extension, families earning $50,000 a year would pay approximately $1,000 more a year in federal taxes and families earning $80,000 would see a $1,600 tax increase.

According to 2010 U.S. Census data, roughly 40 percent of Florence County residents make $50,000 or more in yearly income. in Darlington County, just over 30 percent of county residents earn over $50,000 a year.

Why Not Abolish Payroll Taxes Altogether Instead of Screwing Around With a Short-Term, Low-Percentage Cut? – Hit & Run : Reason Magazine

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It’s certainly what I propose (and what Mitt Romneysupports).Pass an Amendment abolishing the 16A and specifically forbiddingthe collection of income taxes, institute a fixed national salestax rate on all items except food, housing, health care andtransportation, and impose a balanced budget requirement.

“Am I the only one who would have respected them more ifonly…”

men are always saying that to twins; albeit female sets but ofcourse, there is NWWT

What is the deal with the librarian thing vis-a-visrather?

Well, about 2 or 3 weeks ago, during one of those times when ratherhad the urge to make a really stupid point (for which she has apenchant) she said that it would not be worth it to date a man thatdoes not read or have books. so if you do a reduction adabsurdum, I argued that she would have to whore only withlibrarians to fully comply with her standard.

Hence: she likes to whore with librarians. QED.

Re: rather,

OM, lacks the subtlety necessary to understand readingH&R comments.

That’s probably because I am not a librarian like the ones you wantto whore with.

the answer to the article’s question is obvious – because it’sall bullshit. Without the gamesmanship, obfuscation, trimmingaround the edges, and other activity disguised as action, Congresswould have to actually do its job.

The Senate that passed this “momentous” measure is the sameSenate that has not passed its version of a budget in three years.A two-month extension serves primarily to set up the next act inthis odious political theater.

Let’s be adult and admit that “payroll taxes” are justanother form of income tax;

But it’s a fair tax that everybody pays. Just ask Rev.Blue Moon, who seems not to mind any kind of disgusting act ofaggression so long as it has the adjective “fair” next to it.

but it’s a fair tax that everybody pays. Just ask Rev.Blue Moon, who seems not to mind any kind of disgusting act ofaggression so long as it has the adjective “fair” next toit.

Wow. I never, ever said that, you blistering moron. What I saidis that you were knowingly equivocating and distorting the use ofthe word “Fair” in order to misattribute arguments to those youwanted to criticize.

And here I see you are just flat-out lying. Quote me just onetime saying that I don’t mind “aggression” so long as it is fairand/or equitable Quote me one time or apologize right now.

What I said is that you were knowingly equivocating anddistorting the use of the word “Fair” in order to misattributearguments to those you wanted to criticize.

No – YOU were the one that put his big nose on a point I wasmaking, that there’s nothing “fair” about thieving. We ended up ina meaningless discussion all early morning about nothing, whichmade me think you had ulterior motives.

Hence, my contention that, as long as it is “fair”, it’s ok withyou.

We ended up in a meaningless discussion all earlymorning about nothing, which made me think you had ulteriormotives.hence, my contention that, as long as it is “fair”, it’s ok withyou.

In other words, you are a lying sack of shit, an apparentmindreader, and butthurt that your “clever” little Anarchisttalking point got demolished.

Poor baby – maybe you can call Mommy Cita and she’ll rub yourtummy and tell you how “clever” you are.

In other words, you are a lying sack of shit, anapparent mindreader, and butthurt that your “clever” littleAnarchist talking point got demolished.

That’s what I like about you, Rev: your witty repartee. By the way,if you read the post carefully, I say “seems notto mind.” I’m not quoting you verbatim, silly; only that it lookslike you are OK with any kind of disgusting transgression as longas the transgressor calls it “fair.” That was the point I wasmaking about Johnson’s usage of the word ‘fair’ to justify grossthieving (what you would call with a very sick sense of humor’taxation’.) It would be the same as saying “FairFirst-Born-Slaying.”

I say “seems not to mind.” I’m not quoting youverbatim, silly

“Now, I am not quoting him verbatim, but it seems thatOld Mexican likes to fuck sheep.”

There – that seems fair.

“Now, I am not quoting him verbatim, but it seems that there isevidence that might make it look like old Mexican has a giant cacheof child porn. Don’t believe me – there is ‘evidence’ if anybody’cares to look’”

In order to pay for a FICA tax cut, they would dinghomeowners.

Oh, and here MNG was gloating that the tax cut’s failure wassomehow the Republicans fault alone…and didn’t involve a “revenueincrease” anywhere.

Look, he has studied–extensively–the tax cut disparity in thiscountry, especially between Democrats and Republicans. and he makesmore money than you, so, well, uh…you’re wrong?

The LGF thing has gone from annoying to bizarre. I mean, what isthat guy’s obsession with that place?

I like it that he’s on this talking point of “Awww man, thisplace used to be WAY cooler when [antediluvian commentator #1, 2,and 3] was here!” It reminds of a hipster talking about how muchbetter the Beatles were with Pete Best.

He used to be on a Hanity kick. I honestly didn’t know who thefuck Hanity was when he first started. but he was convinced I neversaid anything unless I heard it from Hanity first. so fuckingtiresome.

This argument commits the argumentum ad adulthood fallacy. Thisis an often used fallacy popular in use because so many assume amental state of adult like behavior to those above a GS-11.

there is no reason to believe that the payroll tax cuthas been job-creatin’ or stimulative in any meaningful sense of thewords.

Repeat after me:

SPENDING DOES NOT STIMULATE THE ECONOMY. INVESTMENT DOES.

SPENDING DOES NOT STIMULATE THE ECONOMY. INVESTMENT DOES.

Trust me, when they say “investment” it is not what youthink it is.

It’s not even what anybody else would think it is! I totally agree,but using the correct meaning of the wrods, what government calls”investment” is really simple spending.

Yes, eliminate payroll taxes, increase income tax rates (orpreferably replace the whole system). I’m sure the poorest quintilewould rather pay a 2% income tax rate, for instance, than an 8% (ormore if you count employer contributions) payroll tax. Trickle downeconomics is bad economics – the poor are more likely to spend anyadditional money they keep directly into the economy than thewealthy.

Also, this ends the pretense of Social Security as a program we”pay into” as it is now combined with the regular budget andrevenue stream.

I’m not saying they’d avoid it, I’m saying that poor people willbe more likely to spend it directly on goods where rich people aremore likely to buy CDs and low-risk bonds. those things still helpthe economy, but the stimulative effect is not as strong, and itdoesn’t really trickle down to the poor.

and if poor people CHOOSE to spend their money on goods, why isthis a bad thing? and if they have money to willingly spend ongoods, have we not redefined the meaning of poor?

“Trickle down” has become a meaningless phrase to reflectreality – someone who puts money at risk and sees the move pay offwill spread that benefit to others by expanding the business,hiring, increasing business with vendors, or buying things forhim/herself.

“Trickle down” has become a meaningless phrase to reflectreality – someone who puts money at risk and sees the move pay offwill spread that benefit to others by expanding the business,hiring, increasing business with vendors, or buying things forhim/herself.

But the 8%+ more income taken home y the poor will be morelikely to be spent on goods that increase the profits for companiesimmediately as opposed to increasing liquidity for investment toincrease potentialy profits later down the road. my argument isthat for economic stimulus, equity or bond investment and expandingbank credit is not as directly or immediately beneficial to theeconomy (or the poor) as increasing profits by motivating the mostlikely spenders to spend or pay off debts.

23%? I was thinking more like 7-8%. and the tax is not chargedon any food, housing, health care or transportation (or anythingthat relates to any of these) item. All items to be taxed arepurchased by choice (meaning public education gets taxed the sameas private institutions), therefore no theft. and there can be notax on items bought abroad and imported.

What happened to the businessman that refused to collect thepayroll tax? Or the one who got caught cheating on his income taxes(excluding those with connections in the DNC)?

So then you’re saying that the national sales tax would bebacked up with the threat of force?

If so, then the national sales tax (or any tax) is notacceptable in a free society.

I actually think we should keep the payroll tax, as follows:

(1) Eliminate the “hidden” employer share of the tax. Make itall visible the employee/voter.

(2) get rid of the income cap on SocSec. It only preserves thefantasy that this is a quasi-pension program.

(3) Set the amount of the tax annually at a level sufficient tocompletely fund all federal welfare programs – SSI, Medicare,Medicaid revenue sharing, unemployment comp, everything.

That way, these programs aren’t digging us into a debt holeanymore, and the taxpayers will know exactly how much thesetransfers programs actually cost. Increases in welfare will nowcarry a political cost, and cuts in welfare will have a politicalbenefit, as they will have an immediate and direct financial impacton the taxpayers.

Why do (2) at all? It just adds to the amount SSA has to committo said person in the future. you can argue that the commitmentisn’t real, and you can argue that the commitment is only up to acap, but then why play the fucking game at all?

Just fund the shortfall from the general taxation. at least I amable to apply deductions (and losses) to that amount, I cannotapply any deductions to FICA.

The thing that bothers me is that now the Feds are raising taxesvia Fannie and Freddie. They’re never going to be off our books.ever. The politicians have found another revenue generating tool,one that owns 90% of the housing market.

Given that market share, this fee is almost the equivalent of afederal parcel tax.

Ultimately, the lefties want to heap the cost to fund the socialsafety net onto the rich. at the same time, they want to bitch andmoan about the rich having more influence over politicians, thanthe average Joe.

Sorry, but you can’t have it both ways. if someone is paying adisproportionate amount of money to fund the government, at thevery least, they deserve to have a bigger say as to how that moneyis used.

If someone is paying a disproportionate amount of money tofund the government, at the very least, they deserve to have abigger say as to how that money is used.

“Deserve a bigger say”, indeed! That’s injustice, straight up.We are all equal under the law.

current revenue levels, compared with the size of theoverall economy, are further below historic levels than spending isabove them.

1) Half the country not paying taxes; and 2)Unemployment.

In my opinion the title “Social Security Trust Fund” (SSTF) ismisleading — a better title would be “America’s Pension System”. Iwill do everything I can to make sure that “America’s PensionSystem” is there for my children and grandchildren. Since 2000 ourPoliticians have been neglecting the SSTF and even worse, takingactions that degrade the SSTF. George W. Bush wanted to replace thepension system with “private savings accounts”. Barack Obama isreducing the Payroll Tax contributions to this pension system. Iencourage every American to educate themselves about out SSTF andthen decide whether or not we want to continue “America’s PensionSystem”.I have done exactly that and am a firm supporter beleiver inrestoring the Payroll Tax and taking additional measures to repairthe neglect that has been happening since 2000.

Your bizarre fealty to a Ponzi scheme notwithstanding, SS isunsustainable as it is right now. Look at the projected liabilities- this was set into motion as soon as SSA was passed, not in2000.

this “pension system”, as you call it, was created to kick in atage 65. at a time when life expectancy was 63.

SS was never meant to be the national pension system. and theneglect predates 2000. Remember AlGore and his babbling about the’lock box’? Everyone knew there was no such thing, that SS moneywas being diverted into the general fund.

I still can’t see the Libertarian opposition to a sales tax. Youpeople are willing to miss out on the good because you seek theperfect, and that’s just not realistic in the real world.

I will repeat it again: Repeal the 16A and institute a NationalSales Tax at a fixed rate. Any and all items related to food,transportation, health care and housing will be exempt from thetax. and as a sop to Libertarians, we should tax all education,whether it is public or private, at the same rate. Education isoptional, whereas the items I exempted are pretty essential forsurvival.

Oops, I wasn’t done. Anyway, tie it to a balanced budgetamendment and it sails through the Amendment process. It could bedone in two years at the moist.

Your idea has merit, but it doesn’t have a snowball’s chance inhell of ever getting approved, so it’s a waste of time to discussit. We have to focus on ideas that are more realistic.

Any and all items related to food, transportation, healthcare and housing will be exempt from the tax.

If you really want to do this, the only way to make it work isby exempting nothing.