Income tax reduced

JerryLove · 10-20-2010, 07:19 PM

Why doesn't Obama get credit for cutting taxes? - The Week

Does anyone remember that Obama has cut taxes for (basically) everyone here?

***Art*** · 10-20-2010, 07:44 PM

Yeah... it was not too noticeable because of sales taxes, health care and other costs going up. Pretty crazy how unrecognized it has been, though.

roscoestring · 10-20-2010, 07:55 PM

My property taxes increased by $400 since last year.

**thesteve** · 10-20-2010, 07:56 PM

Quote:

Originally Posted by Art

Yeah... it was not too noticeable because of sales taxes, health care and other costs going up. Pretty crazy how unrecognized it has been, though.

I think that's (at least partially) why no one noticed it. Like the article points out, income taxes have been cut, but overall taxes have gone up.

I will honestly add though that I didn't realize taxes had gone down because before September I wasn't paying any federal taxes because I wasn't making enough money to pay them. I didn't have a reference point to see the rate change.

JerryLove · 10-20-2010, 08:25 PM

Quote:

Originally Posted by Art

Yeah... it was not too noticeable because of sales taxes, health care and other costs going up. Pretty crazy how unrecognized it has been, though.

The fed doesn't have control over those.

And my sales-tax has stayed the same, and while my millage rate has gone up (horrible way to compute taxes), my actual property taxes look reasonably level.

ethan_hanus · 10-20-2010, 08:25 PM

Does it matter? We are all still paying more in taxes than when Bush was in office. And I highly doubt it'll stop increasing, he can say he's decreased taxes all he wants to, the people ain't feeling him.

**thesteve** · 10-20-2010, 08:40 PM

Quote:

Originally Posted by ethan_hanus

Does it matter? We are all still paying more in taxes than when Bush was in office. And I highly doubt it'll stop increasing, he can say he's decreased taxes all he wants to, the people ain't feeling him.

Taxes in general, perhaps. Income tax rates have maintained their levels for the last decade or so.

ethan_hanus · 10-20-2010, 08:44 PM

Quote:

Originally Posted by thesteve

Taxes in general, perhaps. Income tax rates have maintained their levels for the last decade or so.

So what, I could care less, and this is what the majority of you are missing, more of my money is leaving my pocket, and I'm not getting paid more money, everything is going up, because everything is getting taxed more, so I have less money to pay more expensive bills. Stupid politicians don't understand what they are talking about half the time cause they don't pay taxes, and they are exempt from all the stupid laws they wright, so what do they care.

Income taxes haven't changed, every other tax has increased alot, what does this mean? Taxes have gone up.

/ thread.

DropKick74 · 10-20-2010, 09:13 PM

Quote:

Originally Posted by ethan_hanus

So what, I could care less, and this is what the majority of you are missing, more of my money is leaving my pocket, and I'm not getting paid more money, everything is going up, because everything is getting taxed more, so I have less money to pay more expensive bills. Stupid politicians don't understand what they are talking about half the time cause they don't pay taxes, and they are exempt from all the stupid laws they wright, so what do they care.

Income taxes haven't changed, every other tax has increased alot, what does this mean? Taxes have gone up.

/ thread.

wow dude...blow another gasket.

farouk · 10-20-2010, 09:14 PM

How about Texas in taxes? ....I mean, taxes in Texas.

ethan_hanus · 10-20-2010, 09:27 PM

Quote:

Originally Posted by DropKick74

wow dude...blow another gasket.

I'm just highly annoyed about how people continue to ignore the bigger picture, they just go, "but, look, Obama reduced taxes, so he's for lower taxes." And they agree that taxes have gone up in general, I mean, I want to bash my head against a wall because politics are getting so dumb, I swear to God I'm watching Madd TV half the time when I flip on the news channels.

Demon_Hunter · 10-20-2010, 09:36 PM

In response to the OP, the article answers the title question. Taxes in general are up, so what does it really matter if one tax has gone down?

**thesteve** · 10-20-2010, 09:39 PM

Quote:

Originally Posted by ethan_hanus

I'm just highly annoyed about how people continue to ignore the bigger picture, they just go, "but, look, Obama reduced taxes, so he's for lower taxes." And they agree that taxes have gone up in general, I mean, I want to bash my head against a wall because politics are getting so dumb, I swear to God I'm watching Madd TV half the time when I flip on the news channels.

MADtv was canceled...

That being said, do you actually know how the changes in governmental taxes have affected you, or are you just throwing out rhetoric?

Even the article wallows in its own rhetoric. Apparently none of the "increases" have actually happened. What's being thrown around as "increasing" are taxes on things like tobacco and tanning that haven't taken effect and the anticipation that Bush's tax cuts will sunset. I'm not entirely sure that will actually affect me though...I think I'll remain in the same lower-middle class bracket with the same lower-middle class tax rate.

ethan_hanus · 10-20-2010, 09:47 PM

Quote:

Originally Posted by thesteve

MADtv was canceled...

That being said, do you actually know how the changes in governmental taxes have affected you, or are you just throwing out rhetoric?

Even the article wallows in its own rhetoric. Apparently none of the "increases" have actually happened. What's being thrown around as "increasing" are taxes on things like tobacco and tanning that haven't taken effect and the anticipation that Bush's tax cuts will sunset. I'm not entirely sure that will actually affect me though...I think I'll remain in the same lower-middle class bracket with the same lower-middle class tax rate.

It's a domino effect, you increase taxes on gas, then truckers have to pay more for gas, so they charge more for their shipment, so whatever they ship increases in price, and it get passed on to the consumer.

You increase taxes on power companies they have to charge more to compensate for taxes, guess who pays that.

You put uncertainty in the market, business owners have to plan for the future, so if the future is very vague, thanks to the health care bill and the wall street reform bill, 2000+ pages each, nobody read the bills before passing them. Don't know about you, but I can fit alot of law changing language in 2000+ pages and you'll never know cause it's hidden in 2000+ pages of legal language which half of Americans can't read.

Insurance companies, same thing, they see no future for them in the market because of health care, so they have to start charging more in an attempt to compensate for the hit there going to take when the regulations hit them.

Taxes here have gone nuts, property taxes went up, gas tax went up, electricity taxes went up, utilities went up, ect. It's a domino effect, and people fail to see that, because they refuse to connect the dots cause they are too lazy.

**thesteve** · 10-20-2010, 09:52 PM

So does that make the answer to my question "no"?