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Welcome to the Fiscal Cliff. Just received this notice from payroll dept...

 
Anonymous Coward
User ID: 25720208
United States
12/05/2012 01:11 PM
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Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
Important changes to your tax withholding amounts effective January 1, 2013

The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 that was signed into law in December 2010 will expire on December 31, 2012. What this means to you:

· The temporary 2% cut in employee Social Security withholding (from 6.2% to 4.2%) effective on January 1, 2011, will expire, and the rate will change back to 6.2%.

· The Social Security wage base is increasing from $110,100 to $113,700, resulting in the maximum tax being increased from $4,624.20 to $7,049.40.

· In addition, the Patient Protection Affordable Care Act of 2010 increases the Medicare part A payroll tax by 0.9% (from 1.45% to 2.35%) for all income above $200,000.
Other possible changes effective January 1, 2013:

Tax-related provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) also are set to expire on December 31, 2012 impacting Federal Income Tax withholding. What this means:

· The 10% income tax bracket is eliminated; the lowest bracket will be 15%. The top four brackets will change as shown below. To:

25% to 28%
28% to 31%
33% to 36%
35% to 39.6%

· Optional flat rate tax on Supplemental Wages up to $1 million in a year increases from 25% to 28%.

· Mandatory flat rate on Supplemental Wages over $1 million in a year increases from 35% to 39.6%.

The information above reflects the legislation currently in effect. If the laws change, we will send an update as early as possible in January 2013.
Anonymous Coward
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12/05/2012 01:15 PM
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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
Important changes to your tax withholding amounts effective January 1, 2013

The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 that was signed into law in December 2010 will expire on December 31, 2012. What this means to you:

· The temporary 2% cut in employee Social Security withholding (from 6.2% to 4.2%) effective on January 1, 2011, will expire, and the rate will change back to 6.2%.

· The Social Security wage base is increasing from $110,100 to $113,700, resulting in the maximum tax being increased from $4,624.20 to $7,049.40.

· In addition, the Patient Protection Affordable Care Act of 2010 increases the Medicare part A payroll tax by 0.9% (from 1.45% to 2.35%) for all income above $200,000.
Other possible changes effective January 1, 2013:

Tax-related provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) also are set to expire on December 31, 2012 impacting Federal Income Tax withholding. What this means:

· The 10% income tax bracket is eliminated; the lowest bracket will be 15%. The top four brackets will change as shown below. To:

25% to 28%
28% to 31%
33% to 36%
35% to 39.6%

· Optional flat rate tax on Supplemental Wages up to $1 million in a year increases from 25% to 28%.

· Mandatory flat rate on Supplemental Wages over $1 million in a year increases from 35% to 39.6%.

The information above reflects the legislation currently in effect. If the laws change, we will send an update as early as possible in January 2013.
 Quoting: Anonymous Coward 25720208


well...
ChipModerator
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12/05/2012 01:19 PM

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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
Is this part of the "recovery"?
Any sufficiently advanced technology is indistinguishable from magic. ~Arthur C. Clarke

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He's a nut-bag! Just because the fucker's got a library card doesn't make him Yoda! ~David Mills ~ Se7en

every-citizen
YaRight

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12/05/2012 01:28 PM
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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
You got to love that hope and change norespect
The most terrifying words in the English language are: I'm from the government and I'm here to help.
Roobit

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12/05/2012 01:28 PM

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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
This is going to be a train wreck on top of the current one. These fools in DC play games and put a show on for everyone to see how passionate they are about the voters...... Dog shit I say! The assholes wont be affected one bit by these increases.

It sickens me so much to see this going on...
Anonymous Coward
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12/05/2012 01:30 PM
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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
You have a job, wtf?
tandym

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12/05/2012 01:32 PM

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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
My husband and I believe that more 'full time' workers will be reduced to 'part time' before 2013 is over in order to head off the obamacare 'tax'.
flyingfish

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12/05/2012 01:49 PM

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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
Important changes to your tax withholding amounts effective January 1, 2013

The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 that was signed into law in December 2010 will expire on December 31, 2012. What this means to you:

· The temporary 2% cut in employee Social Security withholding (from 6.2% to 4.2%) effective on January 1, 2011, will expire, and the rate will change back to 6.2%.

· The Social Security wage base is increasing from $110,100 to $113,700, resulting in the maximum tax being increased from $4,624.20 to $7,049.40.

· In addition, the Patient Protection Affordable Care Act of 2010 increases the Medicare part A payroll tax by 0.9% (from 1.45% to 2.35%) for all income above $200,000.
Other possible changes effective January 1, 2013:

Tax-related provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) also are set to expire on December 31, 2012 impacting Federal Income Tax withholding. What this means:

· The 10% income tax bracket is eliminated; the lowest bracket will be 15%. The top four brackets will change as shown below. To:

25% to 28%
28% to 31%
33% to 36%
35% to 39.6%

· Optional flat rate tax on Supplemental Wages up to $1 million in a year increases from 25% to 28%.

· Mandatory flat rate on Supplemental Wages over $1 million in a year increases from 35% to 39.6%.

The information above reflects the legislation currently in effect. If the laws change, we will send an update as early as possible in January 2013.
 Quoting: Anonymous Coward 25720208


Holy F***ing Sh**
BRIEF
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12/05/2012 01:53 PM

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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
Luckily these changes won't affect any Obama voters...
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
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12/05/2012 01:57 PM

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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
Lean forward sideways
A pissed off American veteran!
IssueX

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12/05/2012 01:58 PM
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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
Luckily these changes won't affect any Obama voters...
 Quoting: BRIEF


Now, is this video below a joke, or for real?

People sure are out there stirring the shit with industrial sized mixers

add a big dose of higher prices, lower wages, fewer jobs...and you have the ingredients for a violent backlash somewhere

hope I'm wrong, but history disagrees...

Anonymous Coward
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12/05/2012 02:03 PM
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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
My husband and I believe that more 'full time' workers will be reduced to 'part time' before 2013 is over in order to head off the obamacare 'tax'.
 Quoting: tandym


Yup!
Anonymous Coward
User ID: 961432
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12/05/2012 02:18 PM
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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
My husband and I believe that more 'full time' workers will be reduced to 'part time' before 2013 is over in order to head off the obamacare 'tax'.
 Quoting: tandym


Well, Obamacare makes it really easy now for employers to eliminate employee benefits since the fines to pay for not insuring employees are cheaper that the employer contributions if they are part of the plan.

Basically, Obama gave all these businesses a nice cost shift break to reduce their overhead in paying for health insurance.
Renegade (Me too)

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12/05/2012 02:25 PM

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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
Important changes to your tax withholding amounts effective January 1, 2013

The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 that was signed into law in December 2010 will expire on December 31, 2012. What this means to you:

· The temporary 2% cut in employee Social Security withholding (from 6.2% to 4.2%) effective on January 1, 2011, will expire, and the rate will change back to 6.2%.

· The Social Security wage base is increasing from $110,100 to $113,700, resulting in the maximum tax being increased from $4,624.20 to $7,049.40.

· In addition, the Patient Protection Affordable Care Act of 2010 increases the Medicare part A payroll tax by 0.9% (from 1.45% to 2.35%) for all income above $200,000.
Other possible changes effective January 1, 2013:

Tax-related provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) also are set to expire on December 31, 2012 impacting Federal Income Tax withholding. What this means:

· The 10% income tax bracket is eliminated; the lowest bracket will be 15%. The top four brackets will change as shown below. To:

25% to 28%
28% to 31%
33% to 36%
35% to 39.6%

· Optional flat rate tax on Supplemental Wages up to $1 million in a year increases from 25% to 28%.

· Mandatory flat rate on Supplemental Wages over $1 million in a year increases from 35% to 39.6%.

The information above reflects the legislation currently in effect. If the laws change, we will send an update as early as possible in January 2013.
 Quoting: Anonymous Coward 25720208


What are the tax brackets? How much earnings are required to fit in the below?
25% to 28%
28% to 31%
33% to 36%
35% to 39.6%

Anyone know?
Who is John Galt?
Renegade (Me too)

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United States
12/05/2012 02:27 PM

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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
This is going to be a train wreck on top of the current one. These fools in DC play games and put a show on for everyone to see how passionate they are about the voters...... Dog shit I say! The assholes wont be affected one bit by these increases.

It sickens me so much to see this going on...
 Quoting: Roobit


Also, the takers (49%) do not care. They do not have to pay taxes.

Who is john Galt?
Who is John Galt?
Anonymous Coward
User ID: 2712120
United States
12/05/2012 02:36 PM
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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
C'MON!!!! WHERE ARE ALL YOU ASSHATS WHO VOTED FOR THIS *JERK* BECAUSE RO(Money) - soo clever - WAS GOING TO BE - SO BAD - FOR US!!! HE WOULD STEAL ALL OUR MONEY, AND HE WANTED TO SEE PEOPLE OUT OF WORK, BLAH, BLAH, BLAH. HE ONLY CARED FOR THE RICH, AND OBAMMY WAS GOING TO TAKE CARE OF US LOWLY JERKS.......NOTHING BAAAD WAS GOING TO HAPPEN. NOOOO, OBAMA WOULDN'T DO THAAAAT.....

WHEN WILL YOU JERKS 'FESS UP THAT YOU *DID* GET THE BIG, DRY, SCREW JOB FROM O'ZERO AND THE DEMS.

YES, I'M SCREAMING, YES, I'M ANGRY.

DEAL WITH IT. YOU HAD THIS COMING. NOBODY WOULD LISTEN TO REASON, NOBODY WANTED TO HEAR THAT OBAMA WOULD BE LIKE A LITTLE DIC-K-TATOR, AND THINGS WERE GOING TO GET A WHOLE LOT WORSE AFTER HE WAS RE-ELECTED.

NOW. DEAL. WITH. IT.
bella1

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12/05/2012 02:37 PM
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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
This should help - RE: Earnings brackets
[link to www.forbes.com]




Important changes to your tax withholding amounts effective January 1, 2013

The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 that was signed into law in December 2010 will expire on December 31, 2012. What this means to you:

· The temporary 2% cut in employee Social Security withholding (from 6.2% to 4.2%) effective on January 1, 2011, will expire, and the rate will change back to 6.2%.

· The Social Security wage base is increasing from $110,100 to $113,700, resulting in the maximum tax being increased from $4,624.20 to $7,049.40.

· In addition, the Patient Protection Affordable Care Act of 2010 increases the Medicare part A payroll tax by 0.9% (from 1.45% to 2.35%) for all income above $200,000.
Other possible changes effective January 1, 2013:

Tax-related provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) also are set to expire on December 31, 2012 impacting Federal Income Tax withholding. What this means:

· The 10% income tax bracket is eliminated; the lowest bracket will be 15%. The top four brackets will change as shown below. To:

25% to 28%
28% to 31%
33% to 36%
35% to 39.6%

· Optional flat rate tax on Supplemental Wages up to $1 million in a year increases from 25% to 28%.

· Mandatory flat rate on Supplemental Wages over $1 million in a year increases from 35% to 39.6%.

The information above reflects the legislation currently in effect. If the laws change, we will send an update as early as possible in January 2013.
 Quoting: Anonymous Coward 25720208


What are the tax brackets? How much earnings are required to fit in the below?
25% to 28%
28% to 31%
33% to 36%
35% to 39.6%

Anyone know?
 Quoting: Renegade (Me too)
Anonymous Coward
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United States
12/05/2012 02:37 PM
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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
The funny part about the election is: Example OH. The whole satate was red except for the city areas and that was enough to win him the election. All the libtards live around the citys. And that is where the riotswill start when things go bad. Being a libertarian I disagree with both side most of the time but the color blue is blind as a bat. Way to go Sheep Bahhhhhh
mopar28m
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12/05/2012 02:40 PM

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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
My husband and I believe that more 'full time' workers will be reduced to 'part time' before 2013 is over in order to head off the obamacare 'tax'.
 Quoting: tandym


My husband said last night he doesn't know how much longer he is going to have a job he just got in June. Work has slowed down substantially.

Things are going to start getting very interesting very soon.
vaccinefreehealth.spam

vaccinefreehealth@hushmail.com

Racin​g to end vaccinations.
Anonymous Coward
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12/05/2012 02:42 PM
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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
Milk the US Citizen slave for just a little more to pay for your WAR machine and the Federal Reserve Banking system

You could demand lawful money per 12 USC 411 and avoid all of this, but that would require you do actually take a stand against all this.

Deej

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12/05/2012 02:42 PM

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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
Idol1
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WAKEUPAMERICA01

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12/05/2012 02:43 PM

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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
My husband and I believe that more 'full time' workers will be reduced to 'part time' before 2013 is over in order to head off the obamacare 'tax'.
 Quoting: tandym


Yup!
 Quoting: Tanarus


For Sure. WAKE UP AMERICA
WAKE UP AMERICA
"I love the man that can smile in trouble, that can gather strength from distress, and grow brave by reflection. 'Tis the business of little minds to shrink; but he whose heart is firm, and whose conscience approves his conduct, will pursue his principles unto death."
Thomas Paine, The American Crisis, No. 1, December 19, 1776
"Those who expect to reap the blessings of freedom, must, like men, undergo the fatigues of supporting it."

Thomas Paine, The American Crisis, No. 4, September 11, 1777
"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs." -- Thomas Jefferson, U.S. President.
"A majority of the people of the United States have lived all of their lives under emergency rule. For 40 years, [79 years now in 2012] freedoms and governmental procedures guaranteed by the Constitution have in varying degrees been abridged by laws brought into force by statutes of national emergency."
bendinglight

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12/05/2012 02:44 PM

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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
My husband and I believe that more 'full time' workers will be reduced to 'part time' before 2013 is over in order to head off the obamacare 'tax'.
 Quoting: tandym


Yup!
 Quoting: Tanarus


For Sure. WAKE UP AMERICA
 Quoting: WAKEUPAMERICA01


yeswecan
zombiebama
WAKEUPAMERICA01

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12/05/2012 02:44 PM

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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
The funny part about the election is: Example OH. The whole satate was red except for the city areas and that was enough to win him the election. All the libtards live around the citys. And that is where the riotswill start when things go bad. Being a libertarian I disagree with both side most of the time but the color blue is blind as a bat. Way to go Sheep Bahhhhhh
 Quoting: Anonymous Coward 29075625


Pretty much the same all around the country with a few exceptionssheep WAKE UP AMERICA
WAKE UP AMERICA
"I love the man that can smile in trouble, that can gather strength from distress, and grow brave by reflection. 'Tis the business of little minds to shrink; but he whose heart is firm, and whose conscience approves his conduct, will pursue his principles unto death."
Thomas Paine, The American Crisis, No. 1, December 19, 1776
"Those who expect to reap the blessings of freedom, must, like men, undergo the fatigues of supporting it."

Thomas Paine, The American Crisis, No. 4, September 11, 1777
"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs." -- Thomas Jefferson, U.S. President.
"A majority of the people of the United States have lived all of their lives under emergency rule. For 40 years, [79 years now in 2012] freedoms and governmental procedures guaranteed by the Constitution have in varying degrees been abridged by laws brought into force by statutes of national emergency."
Anonymous Coward
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12/05/2012 02:45 PM
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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
slow death sucks
Anonymous Coward
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12/05/2012 02:45 PM
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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
The funny part about the election is: Example OH. The whole satate was red except for the city areas and that was enough to win him the election. All the libtards live around the citys. And that is where the riotswill start when things go bad. Being a libertarian I disagree with both side most of the time but the color blue is blind as a bat. Way to go Sheep Bahhhhhh
 Quoting: Anonymous Coward 29075625


Yes, I've often thought that too. That's why they are referred to as "useful idiots." Once the gov't is done with those "idiots," and they've served their usefulness, they don't really care WTH happens to them!

Let them starve to death, let them riot and kill each other off. No problem.
WAKEUPAMERICA01

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United States
12/05/2012 02:48 PM

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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
Scenario 1: Tax cuts under the extension of the Bush-era tax cuts for all






Rate

Single Filers

Married Joint Filers

Head of Household Filers



10%

$0 to $8,950

$0 to $17,900

$0 to $12,750



15%

$8,950 to $36,250

$17,900 to $72,500

$12,750 to $48,600



25%

$36,250 to $87,850

$72,500 to $146,400

$48,600 to $125,450



28%

$87,850 to $183,250

$146,400 to $223,050

$125,450 to $203,150



33%

$183,250 to $398,350

$223,050 to $398,350

$203,150 to $398,350



35%

$398,350 and up

$398,350 and up

$398,350 and up
Scenario 2: Tax brackets under the expiration of the Bush-era tax cuts for all






Rate

Single Filers

Married Joint Filers

Head of Household Filers



15%

$0 to $36,250

$0 to $60,550

$0 to $48,600



28%

$36,250 to $87,850

$60,550 to $146,400

$48,600 to $125,450



31%

$87,850 to $183,250

$146,400 to $223,050

$125,450 to $203,150



36%

$183,250 to $398,350

$223,050 to $398,350

$203,150 to $398,350



39.60%

$398,350 and up

$398,350 and up

$398,350 and up


Scenario 3: Tax brackets under the expiration of the Bush-era tax cuts for high-income






Rate

Single Filers

Married Joint Filers

Head of Household Filers



10%

$0 to $8,950

$0 to $17,900

$0 to $12,750



15%

$8,950 to $36,250

$17,900 to $72,500

$12,750 to $48,600



25%

$36,250 to $87,850

$72,500 to $146,400

$48,600 to $125,450



28%

$87,850 to $183,250

$146,400 to $223,050

$125,450 to $203,150



33%

$183,250 to $203,600

$223,050 to $247,000

$203,150 to $227,300



36%

$203,600 to $398,350

$247,000 to $398,350

$227,300 to $398,350



39.60%

$398,350 and up

$398,350 and up

$398,350 and up
WAKE UP AMERICA
WAKE UP AMERICA
"I love the man that can smile in trouble, that can gather strength from distress, and grow brave by reflection. 'Tis the business of little minds to shrink; but he whose heart is firm, and whose conscience approves his conduct, will pursue his principles unto death."
Thomas Paine, The American Crisis, No. 1, December 19, 1776
"Those who expect to reap the blessings of freedom, must, like men, undergo the fatigues of supporting it."

Thomas Paine, The American Crisis, No. 4, September 11, 1777
"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs." -- Thomas Jefferson, U.S. President.
"A majority of the people of the United States have lived all of their lives under emergency rule. For 40 years, [79 years now in 2012] freedoms and governmental procedures guaranteed by the Constitution have in varying degrees been abridged by laws brought into force by statutes of national emergency."
Corn Dog

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12/05/2012 02:48 PM

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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
Don't forget your local taxes people. I was researching and I think most state taxes will be going up also.
Anonymous Coward
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12/05/2012 02:50 PM
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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
Luckily these changes won't affect any Obama voters...
 Quoting: BRIEF


Tell that to DETROIT! redface
Anonymous Coward
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12/05/2012 02:54 PM
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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
Luckily these changes won't affect any Obama voters...
 Quoting: BRIEF


Now, is this video below a joke, or for real?


 Quoting: IssueX


Excellent video to put up for target practice I say.
Lady Jane SmithModerator
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12/05/2012 02:56 PM

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Re: Welcome to the Fiscal Cliff. Just received this notice from payroll dept...
When these idiots who voted for Obama (the ones with jobs & college students) get their checks in January & proceed to whine, I plan to rub their noses in it as hard as I can.

No sympathy!
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

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-- William Shakespeare, born April 23, 1564.

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