What ever happen to Paul Ryan?

Rana said:
It is a cut from the rate which was going to happen if the rate expired. Expired means no longer in effect. The new rate was higher, the new law lowered the rate. Hurray! Hurray! My taxes are lower!
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So even though you taxes went up your taxes are actually lower? Maybe I need to go sniff some glue to understand this.
 
Ill try to explain it to you again, but I know you understand.

By law your 2013 taxes were going to be one rate.... The President pushed Congress to pass a law, and then signed the alaw lowering that rate, so your 2013 taxes were cut by Presidnet Obama
 
cawacko said:
So even though you taxes went up your taxes are actually lower? Maybe I need to go sniff some glue to understand this.
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You are trying to make this more difficult than it really is. I could have sworn you already were a glue or a Pam huffer. I guess it is just that conservative male intellect of yours which mislead me.

Maybe your wife can explain it to you.
 
Melos said:
Jarod is ignoring the fact that taxes actually went up on everyone, on account of the payroll tax holiday expiring. Granted, it was necessary to let it go, but now we have politicians on both sides claiming they prevented any tax increase on the middle class, which is completely dishonest.
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Jarod's refusal to address this speaks in volumes. If Obama cut taxes by making the Bush tax cuts for the middle class permanent, then surely he raised taxes by allowing his own tax cut - the payroll tax holiday of 2011 - to expire. You can't have your cake and eat it, too.
 
Rana said:
You are trying to make this more difficult than it really is. I could have sworn you already were a glue or a Pam huffer. I guess it is just that conservative male intellect of yours which mislead me.

Maybe your wife can explain it to you.
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I think I'm simplfying (sp) it. Tax rates stay the same and the payroll tax expires which means on a gross basis we are paying higher taxes.
 
Jarod said:
Ill try to explain it to you again, but I know you understand.

By law your 2013 taxes were going to be one rate.... The President pushed Congress to pass a law, and then signed the alaw lowering that rate, so your 2013 taxes were cut by Presidnet Obama
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An extension of the current rate isn't cutting taxes. Otherwise like I said a President could say they cut taxes eight (or pick a number) times without the tax rate ever moving.
 
Melos said:
Jarod's refusal to address this speaks in volumes. If Obama cut taxes by making the Bush tax cuts for the middle class permanent, then surely he raised taxes by allowing his own tax cut - the payroll tax holiday of 2011 - to expire. You can't have your cake and eat it, too.
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Oh, sure you can, you just do not eat all the cake!
 
cawacko said:
An extension of the current rate isn't cutting taxes. Otherwise like I said a President could say they cut taxes eight (or pick a number) times without the tax rate ever moving.
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Only if they were set to go up unless action were taken.
 
Rana said:
Oh, you groaned me, guess you don't know the definition of expire. Brent, you are an old man way before your time.
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It means the milk is about to go bad. But don't spaz out like you've been doing - ther is more at the store. Also, Ovama just cut the prices of milk in half with that farm bill!!
 
What is most hilarious is how all of a sudden the libs are in love with these tax cuts all of a sudden.

Remember they wrecked the economy?
 
cawacko said:
If I pay taxes at a 20% rate in 2012 and I pay taxes at a 20% rate in 2013 I didn't get a tax cut. A tax cut indicates that I paid a lower rate. A tax increase indicates I paid a higher rate. Extending the current rate that is schedule to expire and go to a higher rate is preventing an increase but its not cutting taxes. Otherwise you could have the example that I gave above about cutting taxes numerous times but the rate never moving.
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THIS
 
Jarod said:
Bush passed a temporary limited tax cut. It was in place for a limited amount of time.

Obama passed a permanent tax cut. It will be in place until Congress takes action to change it.
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Actually Jarod, Obama first passed a temporary tax extension of the Bush cuts. He made the Bush cuts that liberals proclaimed caused the economic meltdown permanent for 2/3 of the total dollars of the Bush tax cuts. Obama did not cut one single tax rate.
 
Rana said:
Okay, cawacko, your taxes weren't cut, but mine were, how is that. Your glass is half empty, my glass s half full, you are the pessimistic type, me, the pop eyed optimist!
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really? So what did your rate drop to? Surely if you got a cut, it went down? Compare 2011 to 2012 to 2013.... what are your levels? (obviously you have to estimate earnings for 2013)
 
Under any definition of the term, the fiscal cliff deal is a tax cut. The extended Bush tax rates expired December 31, 2012 at 11:59 p.m. and the Clinton rates kicked in at 12:00 a.m. January 1, 2013. Then the fiscal cliff deal passed and was signed by Obama, cutting the now-increased rates back down.
 
This is so very similar to the ridiculous 'logic' liberals use when talking about spending.

If growth in spending for 'x' was going to go up by 5% and Reps put out a bill that has 'x' spending growing by 4%, Dems come running out screaming that Reps cut spending to 'x'.
 
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