Tax Hike Surprises

Posted: December 31, 2012 by ShortTimer in Barack Obama, Democrats, Economics, Government, Senate, Tax, taxes, United States Congress, Welfare state

From the NY Post:

New Yorkers of all income levels got a rude awakening yesterday when they saw in The Post how much more they will pay in taxes next year without a fiscal-cliff deal by Jan. 1.

“It’s that much higher?” asked IT worker Vikas Kataria, 34, who discovered that his combined household income of about $250,000 per year will cost him nearly $10,000 more in taxes.

“I thought it was a couple thousand — but that’s a lot,” said Kataria, who works at Merrill Lynch in Manhattan and is married to a systems analyst for a brokerage firm. “That’s huge!”

Jan Losick, a Medicare-aged counselor at Au Pair in America, makes about $150,000 when combined with her husband’s salary, and would pay about $6,000 more.

“The Senate and the House of Representatives should be sacked!” said Losick, who would have to cut down on vacations, going to the theater and eating out, and just stick to the basics. “They should be doing our bidding — not their own.”

With a likely tax increase of $2,200 looming, Andre Hunter, 49, is kissing his dream of owning a home goodbye.

Funny, because they don’t get that home ownership is viewed as a problem by bigger forces.

See, the thing is, Democrats are for higher taxes, and they don’t negotiate – Democrats don’t compromise.  Remember this exchange?

Boehner to Obama: “I put $800 billion [in tax revenue] on the table. What do I get for that?’
Obama to Boehner: “You get nothing. I get that for free.”

If we go off the cliff, Obama blames Republicans in congress.  If congress negotiates, Obama takes what he wants anyway and Republicans end up voting for tax increases, while there are no spending cuts made – the same thing that happened to Reagan in the 1980s.  Or Democrats just send us off the cliff anyway and reap the rewards.  The Tea Party Republicans in congress are standing firm against raising taxes and demanding concessions in the way of spending cuts, but Obama has demonstrated that he just doesn’t care.  He gets to hurt his political enemies, and he gets to hurt the citizen and blame his political enemies for it.  It’s very cruel, Alinskyite politics, but that’s what happens when you elect a man raised by communists.

Also, Democrats saying “revenue” are cleverly disguising that what they are doing is trying to take money out of Losick’s pocket, or Hunter’s house, or from Kataria’s pocket.

Because they don’t understand that higher taxes mean people will flee the taxation rates, and will work less to earn less, even well-meaning Democrats who aren’t totally on board with the Obama ideology will never see these ideas solve anything.

And then there are those Democrats (again, Obama) who avidly use the Curley Effect to create new voters, who know that increased taxes mean it’s often financially better for people to stay on welfare.  Of course, once you’ve got them addicted to handouts, they’ll always vote for Democrats.

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