What does the expiration of the Bush Tax Cuts mean to you?

Discussion in 'Blazers OT Forum' started by maxiep, Jul 29, 2010.

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  1. maxiep

    maxiep RIP Dr. Jack

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    maxiep, Jul 29, 2010
    #1
  2. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

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    Thanks, that's a nice link.

    barfo
     
    barfo, Jul 29, 2010
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  3. JFizzleRaider

    JFizzleRaider Yeast Lords Global Moderator

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    It's pretty cool.

    Unfortunately the accountant in me sees a lot of things missing that can affect your taxes out of there. Still gets the point across though and it's going to be hell for us dealing with people freaking out about having to pay.

    And we thought this years tax season was bad.....
     
    JFizzleRaider, Jul 29, 2010
    #3
  4. Sug

    Sug Well-Known Member

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    You choose to pay your taxes.
     
    Sug, Jul 29, 2010
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  5. BLAZER PROPHET

    BLAZER PROPHET Well-Known Member

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    This Obama tax hike raises my taxes 36% on $60K per year.

    Wonderful.

    That may be enough to give up the house.
     
    BLAZER PROPHET, Jul 29, 2010
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  6. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    It means start slacking off and enjoy life instead of going for dat money!
     
    EL PRESIDENTE, Jul 29, 2010
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  7. BLAZER PROPHET

    BLAZER PROPHET Well-Known Member

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    No kidding. Time to quit and go work as a greeter at WalMart.
     
    BLAZER PROPHET, Jul 29, 2010
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  8. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

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    Huh? 36% as compared to what?

    barfo
     
    barfo, Jul 29, 2010
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  9. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    Re: Re: What does the expiration of the Bush Tax Cuts mean to you?

    0 / 10

    Only those making over 250k a year will be affectes. The messiah says so
     
    EL PRESIDENTE, Jul 29, 2010
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  10. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    Re: Re: What does the expiration of the Bush Tax Cuts mean to you?

    No. Just get unemployment and work as a landscaper in Arizona for 10 bucks an hour since the Mexicans are leaving
     
    EL PRESIDENTE, Jul 29, 2010
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  11. bluefrog

    bluefrog Go Blazers, GO!

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    I did really well under "Obama`s Budget" though
     
    bluefrog, Jul 29, 2010
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  12. BlazerCaravan

    BlazerCaravan Hug a Bigot... to Death

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    My taxes will be $800 less under Obama's proposal than Bush's extended plan, and $4800 less than no plan at all. Of course, I did check the "Did you give fellatio to Obama in 2010?" checkbox...
     
    BlazerCaravan, Jul 29, 2010
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  13. PtldPlatypus

    PtldPlatypus Let's go Baby Blazers! Staff Member Global Moderator Moderator

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    No kidding--under Obama's budget, I will (allegedly) have no tax liabiilty. And that's pre-fellatio, too. ;)
     
    PtldPlatypus, Jul 29, 2010
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  14. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    Income Tax if All Bush Tax Cuts Expire:
    $39,600,000,169,121
    Income Tax if Bush Tax Cuts are Extended:
    $34,999,999,813,781
    Income Tax under Obama's Tax Proposals:
    $39,600,000,176,021

    If Congress fails to act to extend the
    Bush tax cuts, your income tax burden
    will be $4,600,000,355,340 higher in 2011.

    :NOTMARIS:
     
    EL PRESIDENTE, Jul 29, 2010
    #14
  15. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

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    Tell you what. Just go ahead and pay the $34,999,999,813,781 and we'll call it good.

    barfo
     
    barfo, Jul 29, 2010
    #15
  16. BLAZER PROPHET

    BLAZER PROPHET Well-Known Member

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    That's a slick trick.
     
    BLAZER PROPHET, Jul 29, 2010
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  17. OSUBlazerfan

    OSUBlazerfan Writing Team

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    Damn, seems like its a even worse hit if you are married

    doesnt look like thats a smart decision now....
     
    OSUBlazerfan, Jul 29, 2010
    #17
  18. Paxil

    Paxil Active Member

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    To me it means people making over $250,000 will be paying more taxes.
     
    Paxil, Jul 29, 2010
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  19. maxiep

    maxiep RIP Dr. Jack

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    Run a scenario where you make less than $250K as a married couple or $200K as an individual. Those people will be paying more too.

    My point is, don't believe everything you hear.
     
    maxiep, Jul 29, 2010
    #19
  20. maxiep

    maxiep RIP Dr. Jack

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    The marriage "penalty" is returning to the tax system. Cue the jokes for how marriage is a penalty in and of itself.
     
    maxiep, Jul 29, 2010
    #20
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