Taxman Seeking Cash Means U.S. Filers May Move Income to 2009, page 1
Pages:
ATS Members have flagged this thread 2 times
Topic started on 5-11-2009 @ 09:15 AM by DaddyBare

Taxman Seeking Cash Means U.S. Filers May Move Income to 2009


www.bloomberg.com
Nov. 5 (Bloomberg) -- The U.S. government is spending $787 billion to stimulate the economy, the deficit is $1.4 trillion and Congress is debating costly changes to health care. The taxpayers’ bill to pay for it isn’t far behind.

“Something is going to have to be done to raise revenue unless entitlement spending is cut,” said Gerald Prante, senior economist for the Washington-based Tax Foundation.

Federal tax rates may rise in 2011 to as high as 39.6 percent, up from 35 percent
(visit the link for the full news article)


reply posted on 5-11-2009 @ 09:21 AM by Snarf
reply to post by DaddyBare



Oh no they only do that if your a big multi national bank...


Uhhh....the banks paid back that money
www.nytimes.com...





and a key piece of the puzzle that you're leaving out (hopefully not intentionally???) is this:

for those earning more than $373,650


That means those making more than 370,000 a year will see a 4% tax increase.

IMO - it's about time higher-income folk pay their FAIR share of taxes...this country has been living off the backs of the middle class for far too long.



[edit on 5-11-2009 by Snarf]



reply posted on 5-11-2009 @ 09:26 AM by DaddyBare
reply to post by Snarf



CIT wont be repaying 2.3 billion in tax payer money so not all of them do...
Of course now that the US is a major stock holder in many of these banks they will make sure that money gets put back with interest, one way ot another

[edit on 5-11-2009 by DaddyBare]


reply posted on 5-11-2009 @ 09:30 AM by Snarf
reply to post by DaddyBare



CIT wont repay because the filed for bankruptcy

that is a far leap and cry from not being required paying it back


there's a fundamental difference.

1.) They were required to pay it back

2.) they filed for bankruptcy

3.) they dont have to pay it back.


It's magical how that works

[edit on 5-11-2009 by Snarf]


reply posted on 5-11-2009 @ 10:10 AM by DaddyBare
reply to post by Snarf



You need to go back and read the fine print on CIT's pestructured chapter 11 filing... there not going out of business... CIT will still be there only they wont have this debt hanging over their heads


reply posted on 5-11-2009 @ 10:14 AM by marg6043
reply to post by DaddyBare



Yes they are doing something about already, for people like my husband and me we have been overtaxed since October of this year, with additional taxes been held, because they told my husband he wasn't paying enough taxes.

Yes we have call and told the IRS that they are over taxing but they are just turning their head the other way and my husband can not even tell his company to change the taxing status because is been blocked.

The last thing we found out is that we many need to get a lawyer to reverse what the IRS is doing,

Incredible.

BTW we know more people that are having the same problem as we in the same income bracket we are.


reply posted on 5-11-2009 @ 07:01 PM by DaddyBare
reply to post by NoEXcUseS



My sarcasm seems to have missed the mark...
I posted this with another news article... Projected deficits unsustainable: White House

these two stories tie together... Whitehouse is out of money and guess who their looking at to pay the tab for their spending spree


reply posted on 5-11-2009 @ 11:45 PM by NoEXcUseS
reply to post by DaddyBare



Ah ok yes I see how those two articles tie together. I'll still stand by my concluding remark, once a nation goes into deficit spending, it's an endless downward spiral into absolute bankruptcy. I'm just wondering how much longer the Fed is going to continue pumping out these more and more ridiculous sums of money until we reach the breaking point and going into over-inflation of our currency.

But more on-topic with your post, of course the citizens are the first people the tax thugs are going to empty the pockets of to finance more unnecessary spending.

NEXUS
Pages:     ^^TOP^^



USDA Forces Whole Foods To Accept Monsanto
  Posted 10 days ago with 99 member flags
Greece wipes out Citizens Debt!! Tells Bankers to suck it
  Posted 11 days ago with 78 member flags
The Collapse of The American Dream Explained in Animation
  Posted 18 days ago with 53 member flags
Obama on the verge of a deal with the banks
  Posted 16 days ago with 23 member flags
EU financial dictatorship agreed to by EU ministers last night
  Posted 18 days ago with 17 member flags
Bankers requesting that Greece become their debt slaves
  Posted 14 days ago with 15 member flags

Newest topics getting replies, in real-time:

Free Psychic Readings
  General Chit Chat, Posted 14 hours ago, 109 replies
Hollow Earth Theory New Evidence.
  General Conspiracies, Posted 13 hours ago, 79 replies
Anonymous show your face!
  Rant, Posted 9 hours ago, 62 replies
Free will
  Philosophy and Metaphysics, Posted 16 hours ago, 50 replies