11/7/2012 11:43 AM
Did I mention the "substance economic doctrine"?  Allowing the IRS to subjectively allow some legal deductions for some people and then disallow those same deductions for others....
11/7/2012 11:44 AM
Posted by silentpadna on 11/7/2012 11:19:00 AM (view original):
Posted by Trentonjoe on 11/7/2012 10:32:00 AM (view original):
um, how have my taxes gone up?  You know, because they haven't.
Do you have kids?  Are you married?

Just off the top, January 1st, my taxes will rise by $1500+.

Do you use an FSA for your medical expenses (if you don't, you should).  If you spend more than $2500, your taxes are going up.

The medicine cabinet tax, the HSA withdrawal tax hike, and many others. 

Coming soon (likely):  since employers will be reporting their health care premium contribution for you, the way is paved for taxes to be implemented on those benefits as income.  This is your ultimate path to single-payer system, which Obama has been a supporter of all along.

Indirect effect of policies through ACA:

Do you use durable medical equipment (like a C-PAP)?  Providers' taxes went up --> 2.3% excise tax for equipment >$100. 

Is your insurance company REQUIRED to cover things it didn't before?  Mine is.  Premiums for the same coverage for my family have gone up 43% for 2013 over this year.

Yours may not have gone up for whatever reason, but I'm your basic middle class guy with a family and even though I got a reasonable raise, my buying power decreases dramatically and my taxes are going up.  Even more when the fiscal cliff comes.

"Not one dime if you make over under (oops, edit) $250K"


Preposterous.  Huge lie.  Huge.

And talking about tax increases that are supposed to happen Jan 1st, but won't......is misleading.
11/7/2012 11:45 AM
this has been your dose of reality: brought to you by an objective foreigner with an MD from an american university.
11/7/2012 11:47 AM
Posted by jvford on 11/7/2012 11:44:00 AM (view original):
Posted by silentpadna on 11/7/2012 11:19:00 AM (view original):
Posted by Trentonjoe on 11/7/2012 10:32:00 AM (view original):
um, how have my taxes gone up?  You know, because they haven't.
Do you have kids?  Are you married?

Just off the top, January 1st, my taxes will rise by $1500+.

Do you use an FSA for your medical expenses (if you don't, you should).  If you spend more than $2500, your taxes are going up.

The medicine cabinet tax, the HSA withdrawal tax hike, and many others. 

Coming soon (likely):  since employers will be reporting their health care premium contribution for you, the way is paved for taxes to be implemented on those benefits as income.  This is your ultimate path to single-payer system, which Obama has been a supporter of all along.

Indirect effect of policies through ACA:

Do you use durable medical equipment (like a C-PAP)?  Providers' taxes went up --> 2.3% excise tax for equipment >$100. 

Is your insurance company REQUIRED to cover things it didn't before?  Mine is.  Premiums for the same coverage for my family have gone up 43% for 2013 over this year.

Yours may not have gone up for whatever reason, but I'm your basic middle class guy with a family and even though I got a reasonable raise, my buying power decreases dramatically and my taxes are going up.  Even more when the fiscal cliff comes.

"Not one dime if you make over under (oops, edit) $250K"


Preposterous.  Huge lie.  Huge.

And talking about tax increases that are supposed to happen Jan 1st, but won't......is misleading.
does anyone follow politics? google fiscal cliff. then pull your head out of the sand.

no more debating from me. the blind will never be made to see.
11/7/2012 11:52 AM
It's kind of late to complain about what Obama has done and will do.  We have him for four more years.    As Clayton Williams once said ""If it's inevitable, just relax and enjoy it",
11/7/2012 11:53 AM
Posted by sinverguenza on 11/7/2012 11:45:00 AM (view original):
this has been your dose of reality: brought to you by an objective foreigner with an MD from an american university.
There's really nothing objective about your rants.
11/7/2012 11:54 AM
Posted by bad_luck on 11/7/2012 11:36:00 AM (view original):
Posted by tecwrg on 11/7/2012 11:00:00 AM (view original):
Posted by bad_luck on 11/7/2012 10:18:00 AM (view original):
Posted by tecwrg on 11/7/2012 9:56:00 AM (view original):
And the stock market opens up in the red this morning.

We're off to a roaring start.
Is the stock market a good indicator? Because it's up like 100% since Obama took office.
So the DOW plummeting nearly 300 points within the first 90 minutes of the market opening after Obama gets reelected doesn't mean anything?
It's actually a result of problems in Europe. It's a coincidence.
NEW YORK (CNNMoney) -- A sell-off on Wall Street gained momentum Wednesday, with the Dow falling below 13,000 for the first time since Sept. 4, as investors focused on how President Obama plans to avoid the fiscal cliff after he won re-election Tuesday night

http://money.cnn.com/2012/11/07/investing/stocks-markets/index.html?iid=Lead
11/7/2012 12:02 PM
You can buy into that narrative if you want, but the stocks are falling based on what Draghi said.
11/7/2012 12:04 PM
And I wouldn't be surprised if bargain hunters jumped in later today and tomorrow.
11/7/2012 12:05 PM
Posted by jvford on 11/7/2012 11:33:00 AM (view original):
Posted by tecwrg on 11/7/2012 11:21:00 AM (view original):
Posted by Trentonjoe on 11/7/2012 10:32:00 AM (view original):
um, how have my taxes gone up?  You know, because they haven't.
If you have high out-of-pocket medical expenses and contribute to a medical Flexible Spending Account (FSA) as part of your healthcare plan, the maximum contribution to a medical FSA is being reduced from $5,000 to $2,500 starting in 2013.  This is a direct consequence of Obamacare.  Which means that next year you will have an additional taxable income liability of up to $2,500.

That is taxes going up.  If not for you, then maybe for your neighbor.
For the very few people who actually end up spending between $2500-$5000 on their FSA, it means an increase in the $400 range.  Don't make it sound like it's a death blow to everyone.
Thanks for deciding that $400 in taxes is no big deal.  I'll be sure to tell my friend who's barely living paycheck to paycheck with his wife and seven year old son who has severe medical issues that jvford says he should just deal with it.
11/7/2012 12:06 PM
Posted by tecwrg on 11/7/2012 12:05:00 PM (view original):
Posted by jvford on 11/7/2012 11:33:00 AM (view original):
Posted by tecwrg on 11/7/2012 11:21:00 AM (view original):
Posted by Trentonjoe on 11/7/2012 10:32:00 AM (view original):
um, how have my taxes gone up?  You know, because they haven't.
If you have high out-of-pocket medical expenses and contribute to a medical Flexible Spending Account (FSA) as part of your healthcare plan, the maximum contribution to a medical FSA is being reduced from $5,000 to $2,500 starting in 2013.  This is a direct consequence of Obamacare.  Which means that next year you will have an additional taxable income liability of up to $2,500.

That is taxes going up.  If not for you, then maybe for your neighbor.
For the very few people who actually end up spending between $2500-$5000 on their FSA, it means an increase in the $400 range.  Don't make it sound like it's a death blow to everyone.
Thanks for deciding that $400 in taxes is no big deal.  I'll be sure to tell my friend who's barely living paycheck to paycheck with his wife and seven year old son who has severe medical issues that jvford says he should just deal with it.
Yeah, let's go person by person when deciding what's good and bad.
11/7/2012 12:10 PM
Posted by jvford on 11/7/2012 11:53:00 AM (view original):
Posted by sinverguenza on 11/7/2012 11:45:00 AM (view original):
this has been your dose of reality: brought to you by an objective foreigner with an MD from an american university.
There's really nothing objective about your rants.
...says the guy who needs other people to pay for his livelihood. nice.
11/7/2012 12:10 PM
How else should we go?


11/7/2012 12:11 PM

To all the millions of victims of superstorm Sandy, Chris Matthews has a message: "I'm so glad." 

The MSNBC host, on a panel of pro-Obama pundits including Rachel Maddow, ended election coverage overnight by saying he's "glad" the storm hit, suggesting it served a greater good by boosting President Obama to a second term. 

"I'm so glad we had that storm last week," Matthews said, after interjecting to give some final thoughts. Somebody off-screen could be heard saying "ooo" at that remark, but Matthews confidently put his hand up to explain. 

"No, politically I should say -- not in terms of hurting people. The storm brought in possibilities for good politics," he said. 




11/7/2012 12:11 PM
Posted by jvford on 11/7/2012 12:06:00 PM (view original):
Posted by tecwrg on 11/7/2012 12:05:00 PM (view original):
Posted by jvford on 11/7/2012 11:33:00 AM (view original):
Posted by tecwrg on 11/7/2012 11:21:00 AM (view original):
Posted by Trentonjoe on 11/7/2012 10:32:00 AM (view original):
um, how have my taxes gone up?  You know, because they haven't.
If you have high out-of-pocket medical expenses and contribute to a medical Flexible Spending Account (FSA) as part of your healthcare plan, the maximum contribution to a medical FSA is being reduced from $5,000 to $2,500 starting in 2013.  This is a direct consequence of Obamacare.  Which means that next year you will have an additional taxable income liability of up to $2,500.

That is taxes going up.  If not for you, then maybe for your neighbor.
For the very few people who actually end up spending between $2500-$5000 on their FSA, it means an increase in the $400 range.  Don't make it sound like it's a death blow to everyone.
Thanks for deciding that $400 in taxes is no big deal.  I'll be sure to tell my friend who's barely living paycheck to paycheck with his wife and seven year old son who has severe medical issues that jvford says he should just deal with it.
Yeah, let's go person by person when deciding what's good and bad.
You're right.  I'm sure he's the only person in America who will be affected by this.
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