LETTER TO THE EDITOR: THE TRUTH ABOUT THE LAST MINUTE FISCAL CLIFF BUDGET DEAL.

LETTER TO THE EDITOR:

THE TRUTH ABOUT THE LAST MINUTE FISCAL CLIFF BUDGET DEAL:

Unless you are an illegal alien or a free loader who pays no payroll tax (i.e., FICA, Social Security) you just got royally screwed and would have been better off with no budget deal and going over the so called "fiscal cliff" instead. Here's why:

The bill—which President Obama has promised to sign, though he took off for Hawaii again after the vote—has a 10 to 1 ratio of tax increases to spending cuts by one news source and as much as 41 to 1 according to FOX News. This is the President’s version of a “balanced” approach.

In addition to tax increases on Americans making more than $4000,000 a year, the bipartisan deal will actually raise taxes on the vast majority of American workers. How? The payroll tax “holiday” has ended.

The Wall Street Journal calculates that the “typical U.S. family earning $50,000 a year will lose “$1,000” annually or pay an extra $83.33 monthly in payroll tax (i.e., FICA/Social security tax). It goes up proportionately from there. If you make just $30,000 per year your pay roll tax will go up $660 per year or $55.00 per month.

Make no mistake about it, this fiscal cliff budget deal is a lower middle class and a middle class tax increase. Doubt it? Just check your own pay stub at the end of the month. It will make a believer out of you in a hurry. Get ready because this is going to hurt you in a personal way. And you believed Obama when he said this would just be a tax increase on the rich. Surprise, surprise; jokes on you.

This bill affects each and every one of you who work for a living in a very personal way. The illegal’s and freeloaders owe you a debt of gratitude.

Meanwhile, the higher tax rates will hit small businesses and investors—which is grim news for a country in need of new jobs. Expect unemployment and "inflation" to go up on every thing, especially the basics (i.e., food and fuel) even as you have less money to pay for those basics. Also watch our already astronomical national debt increase even more to pay for all the new unemployed folks who will be on the dole along with the millions of others who are already unemployed. Hey, it’s the Obama economy. What else did you expect?

There is a bit of good news in all this. Everyone who works for a living and who pays payroll tax, and who also voted for Obama, will finally be getting exactly what they voted for and so richly deserve. Isn’t it wonderful that they will finally have to pay for their mistake? Let us hope they feel the pain.

For the rest of us who voted against Obama, and who will now be royally screwed by all those who voted for Obama, you have my deepest sympathy.

ED COET

Killeen, Texas

Views: 540

Reply to This

Replies to This Discussion

I really do not think who voted for whom had anything to do with it.  Voting doesn't matter, try crawling your head out of your rectum and realize that this "country" was purchased long ago and the theater of election day and voting is just that, theater.  I did not vote for the individual in question, nor did I vote for the "other" guy, even so, the screwing occurs.

If you want to have me consider your opinion don't start out by insulting me.

RSS

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Doc Vega posted a blog post

Memorial Day Special: The Battle of the Coral Sea and its Incredible Impact

 When we re-examine major events in history sometimes truly significant occurrences can be…See More
16 hours ago
cheeki kea posted a video

Trump Just Wrecked South Africa...

President Trump just met the president of South Africa, and the discussion quickly turned to the refugee crisis taking place in that country, and what the So...
19 hours ago
cheeki kea commented on Burbia's photo
Thumbnail

What's in Macron's hand? Cocaine bag?

"I think folks need to watch the vid and make up their own minds about the question. It's not…"
yesterday
cheeki kea posted a photo
Thursday
Doc Vega posted a blog post

The Vampires of Washington DC

 There are many forms of vampire from the supposedly mythical humanoid form to the actual bat that…See More
Wednesday
Less Prone posted a video

How to make a modern heating stove that millions of people do not know

How to make a modern heating stove that millions of people do not know
Wednesday
Doc Vega posted blog posts
Monday
Doc Vega's 7 blog posts were featured
Monday
tjdavis's blog post was featured
Monday
Burbia's blog post was featured
Monday
cheeki kea's blog post was featured
Monday
Less Prone posted a video

PFIZER-GATE verdict - A resounding Slap in the Face for Ursula von der Leyen

🇨🇦🇺🇸🇬🇧🇦🇺 | ++ PFIZER-GATE verdict - A resounding slap in the face for EU corruption-president Ursula von der Leyen ++💉💰 1.8 billion doses of corona...
Monday
Doc Vega posted a blog post

Strange Horror Story (Told in First Person)

 It was 3 AM and I was just getting off work. Owning a small service business, I worked commercial…See More
May 17
Doc Vega commented on Doc Vega's blog post If History is Ever Portrayed as It Really Happened
"Most likely one of their many butt buddies! "
May 17
Burbia posted a blog post

James Comey appears to call for the assassination of President Trump

I'm sure these are the kind of shells Comey is implying here. …See More
May 16
Doc Vega posted blog posts
May 15
rlionhearted_3 commented on Doc Vega's blog post If History is Ever Portrayed as It Really Happened
"The “white dude in the center” is Bill Gates. People been planning shit for generations."
May 15
rlionhearted_3 favorited Doc Vega's blog post If History is Ever Portrayed as It Really Happened
May 15
Burbia posted videos
May 15
Doc Vega commented on tjdavis's blog post The Dems Love Their Demons
"Gruesome AI romance photography! "
May 14

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted