Obama/Senate Deal Lets Payroll Tax-Cuts For The Middle-Class EXPIRE!

[worldlymrb]

Hopefully, the GOP house can amend dem senate/Obama deal before the vote and extend Obama's temporary middle class tax relief bill... Or make them permanent.

REF: IRS Changes Income Tax Withholding Tables for 2013 to Reflect Expired Tax Cuts

Washington, D.C. (January 1, 2013)

Employers should start using the new withholding tables and correct the amount of Social Security tax withheld as soon as possible in 2013, but not later than Feb. 15, 2013, the IRS advised. For any Social Security tax under-withheld before that date, employers should make the appropriate adjustment in workers’ pay as soon as possible, but not later than March 31, 2013.

http://www.accountingtoday.com/news...ables-2013-Reflect-Expired-Tax-C-65200-1.html

 

[OldGaffer]

And?

 

[worldlymrb]

And?

Nothing to say about Obama/Dem senate allowing Obama's payroll tax cuts for the middle class to expire?

Or do you hope the GOP house will amend the bill and extend them?

Or do you hate the middle class?

 

[Bo-4]

How many more TPs today on that subject WMB? Your Teawads will tinker with this bill at their own peril.

 

[OldGaffer]

That cut was meant to be temporary. Its expired, deal with it. Teabaggers are damn sure not interested in keeping any cuts for the working man, they hate the working man.

 

[Dino]

But I thought libs didn't support tax increases on the middle class?

I guess you support whatever Obama does and allows to happen regardless of how damaging it is? That's what you're forced to uphold and support. No spine among any of you.

 

[Bo-4]

That cut was meant to be temporary. Its expired, deal with it. Teabaggers are damn sure not interested in keeping any cuts for the working man, they hate the working man.

They hate working stiffs with passion OG.. and so does their pal Worldly (of course he hates everyone ;-)

 

[Lapcat]

And that's probably the ONLY good thing about the damned bill. Payroll tax cuts are a really crappy idea....quite simply....made to make folks "feel good" when they see less money taken out of their paychecks. It does not affect anyone BUT those who are actually lucky enough to still have a job. And it DOES serve to defund social security and medicare.....since that is what payroll taxes go to pay for.

Let it friggin expire.

 

[OldGaffer]

But I thought libs didn't support tax increases on the middle class?

I guess you support whatever Obama does and allows to happen regardless of how damaging it is? That's what you're forced to uphold and support. No spine among any of you.

Actually, I supported letting all of the Bush tax cuts expire, moving LTCG to 3 years, and raising it to 25%. I would like to see inheritance tax cap out at 75%.

 

[OldGaffer]

I want to see RMoney and his cohort paying more than 13%.

 

[ITALIA]

Are you trying to make the case that Republican Senators wanted to keep the payroll tax reduction? Everyone was for letting that tax go up. In the House too. It has been replaced from general funds so it isn't free to keep funding SS. Of course you REALLY care about deficits and debt don't you?

 

[worldlymrb]

That cut was meant to be temporary. Its expired, deal with it. Teabaggers are damn sure not interested in keeping any cuts for the working man, they hate the working man.

Your either brainwashed or senile.

 

[OldGaffer]

Your either brainwashed or senile.

Are you on medication? The payroll tax cut was a one year cut, that
got extended for a 2d year and was never meant to be permanent.

 

[worldlymrb]

Are you trying to make the case that Republican Senators wanted to keep the payroll tax reduction? Everyone was for letting that tax go up. In the House too. It has been replaced from general funds so it isn't free to keep funding SS. Of course you REALLY care about deficits and debt don't you?

No.

However, I did prove how little Obama and the NAZI left cares about the great middle-class, since they obviously forgot to add their own signature 'Middle-Class Payroll Tax Cut" extension in their rush to make a deal extending Bush's Middle Class Tax Cuts.

 

[worldlymrb]

Are you on medication? The payroll tax cut was a one year cut, that
got extended for a 2d year and was never meant to be permanent.

Neither were Bush Tax Cuts. But are your meds telling you Bush's Middle Class Tax Cuts were meant to be extended?

 

[Bo-4]

I just paid my quarterlies and it made me feel incredibly patriotic. WMB would rather spend his money on bunker supplies. ;-)

 

[Bo-4]

Do you ever get tired of being wrong... EVER?

 

[OldGaffer]

Worldly was counting on that 2% to pay for finishing up his bunker.

 

[colfax]

Hopefully, the GOP house can amend dem senate/Obama deal before the vote and extend Obama's temporary middle class tax relief bill... Or make them permanent.

REF: IRS Changes Income Tax Withholding Tables for 2013 to Reflect Expired Tax Cuts

Where are you getting this crap? Your link refers to what the tax rates will be if the House doesn't act. The Senate proposal is for no such payroll tax increase.

http://thehill.com/homenews/senate/275069-senate-approves-fiscal-cliff-deal


In issuing the guidance, the IRS said it takes note of the fact that Congress is currently considering legislation that could affect these rates. If the legislation is enacted, IRS will issue new, corresponding tables at that time.

http://www.accountingtoday.com/news...ables-2013-Reflect-Expired-Tax-C-65200-1.html

 

[worldlymrb]

Where are you getting this crap? Your link refers to what the tax rates will be if the House doesn't act. The Senate proposal is for no such payroll tax increase.

http://thehill.com/homenews/senate/275069-senate-approves-fiscal-cliff-deal


In issuing the guidance, the IRS said it takes note of the fact that Congress is currently considering legislation that could affect these rates. If the legislation is enacted, IRS will issue new, corresponding tables at that time.

http://www.accountingtoday.com/news...ables-2013-Reflect-Expired-Tax-C-65200-1.html

Obama's PAYROLL TAX CUTS EXPIRED as of Dec 31, 2012? Do you see any EXTENSION??? If not, that means they are going up.

the IRS said it takes note of the fact that Congress is currently considering legislation that could affect these rates. If the legislation is enacted, IRS will issue new, corresponding tables at that time.

Again, DO YOU SEE A PAYROLL TAX-CUT EXTENSION in the passed senate bill?

NO! Because there isn't any.

So what did IRS order employers to do starting this week?

Washington, D.C. (January 1, 2013)

Employers should start using the new withholding tables and correct the amount of Social Security tax withheld as soon as possible in 2013, but not later than Feb. 15, 2013, the IRS advised. For any Social Security tax under-withheld before that date, employers should make the appropriate adjustment in workers’ pay as soon as possible, but not later than March 31, 2013.

http://www.accountingtoday.com/news...ables-2013-Reflect-Expired-Tax-C-65200-1.html

If you still work, you will see a smaller payroll check this week compared to last..