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  • Posted by CatieM 11 years, 7 months ago
    Awesome- I ran the figures based on the website. 3rd Tax Bracket
    2012
    $40000 Salary
    $36200 Minus 1 Allowance
    4672.50 Tax Liability

    2013
    40000 Gross Salary
    40000 Taxable Income (Assuming no more allowances)
    5567.50 Tax Liability

    $895 Difference

    2nd Tax Bracket

    2012
    20000 Gross Salary
    16200 Taxable Income
    1672.50 Tax Liability

    2013

    20000 Gross Salary
    20000 Taxable Income
    2172.50 Tax Liability

    Difference 500

    3rd Tax Bracket

    2012
    10000 Gross Salary
    6200 Taxable Income
    620 Tax Liability

    2013
    10000 Gross Salary
    10000 Taxable Income
    1500 Tax Liability

    880 Difference.

    So the poor people who support Obama and encourage his tax cuts get to pay for their stupidity and inability to do the math. Hope you enjoy your Tax Liability doubling next year.
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    • Posted by 11 years, 7 months ago
      They'll just claim 3 more kids (perhaps fictitious) in the "child tax credit" section, and then the "earned income tax credit" and they'll get a refund that exceeds their payroll withheld tax amount anyway. And HOW did somebody ever get away with naming that an "EARNED INCOME tax credit"? It sounds so...deserving. blaht. It should be named The No Skin in the Game Entitlement Loop Hole.
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  • Posted by eilinel 11 years, 7 months ago
    "The Obamacare Medical Device Tax begins to be assessed on January 1, 2013. This law imposes a new 2.3% excise tax on gross sales – even if the company does not earn a profit in a given year."
    Wasn't something similar a part of what "killed Colorado" in AS?

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  • Posted by WesleyMooch 11 years, 7 months ago
    The fact that I haven't filed a return in many years earns me hatred from almost every quarter. When I say folk aren't ready for (a real world) Galt's Gulch, one of the things I'm saying is that fear of and obedience to the State show no sign of abating. In fact, as reaction to this reply will show, they are as strong as ever.
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