GOP Staffers 'JUMPING SHIP!"

[Guest040616]

http://www.politico.com/story/2013/0...646.html?hp=t1

Snick

[Yssup Rider]

How's their suicide rate?

[Chica Chaser]

The staffers are the ones who actually did read it before they passed it. They know whats coming.

[Yssup Rider]

But do you?

[Seedy]

Originally Posted by Yssup Rider

But do you?

No, but you sure as hell don't, you have your head up your ass, your avatar proves it. Lmfao

[Chica Chaser]

Originally Posted by Yssup Rider

But do you?

Yes I do....do YOU?

Just to start with;

1. Medical Device Tax that hits entrepreneurial firms making equipment such as heart valves and hip replacement parts. They face a 2.3% profit on gross sales – a tax they must pay even if they have no profit at all. Many firms say this tax – slated to collect $29 billion over 10 years – will soak up virtually all of their research budgets.

2. A new Surtax on Investment Income impacts individuals making more than $200,000 a year or couples with $250,000 or more. They must pay a new 3.8% levy on income from investments, possibly including profits from the sale of a home

3. A new Medicare Tax adds to ObamaCare’s pain. These same high-earners must pay an additional .9% Medicare payroll tax on wages above $200,000 for individuals and $250,000 for couples. This means the current 2.9% Medicare payroll tax will be increased to a total of 3.8% — a big hit especially for the self-employed.

4. The new Flexible Spending Account Tax limits the amount of money that workers can set aside tax-free for medical costs. ObamaCare sets the cap at $2,500 in order to collect another $13 billion from taxpayers. (Previously there was no cap; however some employers limited the amount worker could set aside.)

5. Beginning January 1, ObamaCare also tightens the screws on Itemized Medical Deductions. The law raises the threshold for allowed deductions from 7.5% of adjusted gross income to 10%, further burdening those with the largest medical expenses by limiting how much of these costs they can deduct on their taxes. Hit to these taxpayers: $19 billion.

6. Many more taxes are coming, including a “tax penalties” for individuals and businesses who don’t comply with ObamaCare’s mandate that they purchase government-approved health insurance. Many more taxes are coming, including a “tax penalties” for individuals and businesses who don’t comply with ObamaCare’s mandate that they purchase government-approved health insurance. The Congressional Budget Office expects these penalties for non-compliance to bring in $160 billion in the first decade they are in effect.
http://www.forbes.com/sites/gracemar...tax-onslaught/

7. Excise Tax on Comprehensive Health Insurance Plans (Takes effect Jan. 2018): Starting in 2018, new 40 percent excise tax on “Cadillac” health insurance plans ($10,200 single/$27,500 family). Higher threshold ($11,500 single/$29,450 family) for early retirees and high-risk professions. CPI +1 percentage point indexed. Bill: PPACA; Page: 1,941-1,956

Oh thats right, you don't believe in these conservative sources. Don't like Forbes, are they to conservative and biased a source? How about TIME, that old conservative bastion?

http://swampland.time.com/2012/12/07...oming-in-2013/

The top tax rates on capital gains and dividends will jump from 15% to 18.8%. The 3.8% surtax on unearned income (income earned through interest, rents, dividends, annuities, royalties, etc.) will only fall on the wealthiest two percent: households making at least $250,000, or individuals making more than $200,000. The 3.8% surtax is a big adjustment, but the current 15% tax rate is the lowest it’s been since World War II. If Congress allows the 2003 Bush tax rates to expire, the top rate on capital gains will rise to 23.8%, and the top rate on dividends will leap to 43.4%

A new tax will charge the wealthy to help pay for Medicare’s hospital insurance. There will be an additional 0.9% tax on earned income in excess of $250,000 for families and $200,000 for individuals to help pay for Medicare Part A, which covers hospital stays, nursing facilities, and hospice care. In addition to the 3.8% surtax, the hospital insurance tax will raise $20.5 billion in new revenue next year, and $210 billion over the next seven.

Manufactures and importers of certain medical devices will be taxed 2.3% of the price of the product. Devices will not include retail objects like corrective lenses or hearing aids, but will include products like defibrillators, pacemakers, artificial joints, stents, and those involved in cancer treatments, angioplasty and vascular surgery. More than 800 companies from the powerful medical device industry have protested the tax, which will raise $1.8 billion next year, and $20 billion over the next seven years.

Under current law, Americans get a tax deduction if all their medical expenses exceed 7.5% of what they make (minus exceptions and deductions). That number will rise to 10% for almost everyone in 2013. Those that are 65 and older get a pass for 3 years. This tax raises $400 million next year, $15.2 billion over seven years.

33 million workers choose to participate in a Flexible Spending Accounts (FSA), which count certain healthcare expenses not covered by insurance as tax deductible. Employers set the limit at how much employees can take out of their salaries, and most companies set the FSA limit around $5,000. So if you knew your child was going to need $5,000 worth of braces next year, you could put that much money in a FSA, saving on federal income, Social Security, Medicare, and in some states, state income taxes, while the employer saves on Social Security and Medicare taxes. Under the Affordable Care Act, the government will set a first-ever FSA limit at $2,500. The average employee contribution today is $1,496, so most people that do use FSAs won’t be affected. This tax is expected to raise $1.5 billion next year, $13 billion over the next seven years.

It’s worth noting that these taxes represent a tiny portion of federal revenue. President Obama’s 2013 budget projects that the government will raise around $2.9 trillion next year–these five taxes combined would account for 0.8% of that total. Nonetheless, if you are wealthy, spend a significant amount of your earnings on healthcare, or manufacture medical devices (it is unclear how the cost will be shared by the consumer), you will see your taxes go up.

And I know how much you just love Brietbart too. Well they are full of shit obviously as they say the same thing, with this nugget at the end
http://www.breitbart.com/Big-Governm...even-new-taxes

These are the facts. It does not matter if you support Mr. Obama and his new law or if you oppose it, the new taxes on the middle class or real and all Americans should understand their impact on their families and the economy. Citizens, regardless of political beliefs, should recognize that Obamacare was passed with almost no sunlight shined on these middle class tax increases and need to understand that the new law was sold with the promise that there would be no new middle class taxes. This is not partisan, it is simply the reality of politics.

[jbravo_123]

If you're in that $200,000 / yr (single income) or $250,000 / yr (couples income), you're in the top 2% and not middle class anymore...

[CuteOldGuy]

Originally Posted by jbravo_123

If you're in that $200,000 / yr (single income) or $250,000 / yr (couples income), you're in the top 2% and not middle class anymore...

Yeah! So let's nail 'em! Goddamn successful bastards! We'll teach them a thing or two!

[JD Barleycorn]

What is that old saying about eyes and teeth? Soon we will all be toothless and blind or in this case, poor and miserable. That is except for the those with the connections to avoid the government taxes. Kind of like the old Soviet Union. The road is clearly marked.

[Randy4Candy]

The Forbes article, as quoted and posted, is chock full of hasty generalizations and fuzzy facts. "Many firms," "some employers," the definition of the middle class, to name a few, are Chicken Little phrases that seem to indicate widespread effects, but really do not.

In the future, Chicken Chaser, please bring your game that is labeled with one of the first three letters of the alphabet.

[Chica Chaser]

You know how you didn't read past the Forbes part of my post? You should have there, Randy.

[Fast Gunn]

The GOP is going to have to reinvent itself if it hopes to become relevant again.

The Republican party has always been protective of the wealthy and dismissive of the rest of the country.

. . . People have finally wised up and that party is over!