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Old 04-03-2013, 01:20 PM  
Taco John Taco John is offline
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You値l work 5 extra days for Uncle Sam this year

You値l work 5 extra days for Uncle Sam this year
April 3, 2013, 1:37 PM
By Jonnelle Marte

Tax Freedom Day, the day by which Americans will have worked enough hours to be able to pay their taxes, lands on April 18 this year, according to the Tax Foundation痴 annual analysis. That means we will work about three and a half months to make good on a year痴 worth of federal, state, and local tax obligations five days more than last year.


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The breakeven day for taxpayers has been pushed back every year since 2009, but the tax burden is greater this year because of higher federal taxes. The last-minute tax legislation passed in January introduced a new top tax bracket of 39.6% for individuals earning more than $400,000, and some new taxes created by the Affordable Care Act also kicked in this year. Two of the five days being added this year are due to the expiration of the payroll tax cut, which increased payroll taxes by 2 percentage points to 6.2% of income this year. 典his year is kind of unprecedented, says Elizabeth Malm, an economist with the Tax Foundation.

Ironically, the improvements in the job market are also to blame for the higher tax burden. The more money people earn through their jobs, the higher taxes they face on those earnings. 的t痴 a blessing and a curse, says Malm. Indeed, Americans will pay more in taxes in 2013 than they will spend on food, clothing and housing combined, according to the foundation.

The bulk of workers toil 40 days will go toward paying off federal, state and local income taxes. Payroll taxes will require another 24 days of work, according to the analysis. Then tag on an additional 15 days for sales and excise taxes, 12 days for property taxes and 9 days for corporate income taxes. The study also found that people will need to work longer, until May 9, to close the federal budget deficit, or pay for all federal spending this year.

This year痴 Tax Freedom Day is not as late as the worst ever nationwide: In 2000, Tax Freedom Day didn稚 come until May 1. But the tax burden today is much greater than it was back in 1900, when Americans only paid 5.9% income tax and had worked enough to pay off their taxes by Jan. 22.

Final tax bills can vary widely by state. Those in high-tax states like Connecticut will have to work until May 13 to pay their taxes; New Yorkers, until May 6; and those in New Jersey, until May 4. The burden is lowest in Mississippi and Louisiana.

It痴 still not clear how much, if at all, people are noticing higher taxes this year. But the fact that Americans will have to work longer to make good on their tax bills may not be welcome news in a tax season that got off to a late start and has been marked by refund delays and procrastination.

http://blogs.marketwatch.com/taxwatc...sam-this-year/
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Old 04-03-2013, 01:31 PM   #2
Comrade Crapski Comrade Crapski is offline
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Malia and Sasha are jetsetting from the Carribean to the ski slopes, Reggie and Barry are taking in some NCAA action, Mickey she be doing her own thang, heh heh heh. It's all good.
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Old 04-03-2013, 01:34 PM   #3
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Originally Posted by Comrade Crapski View Post
Malia and Sasha are jetsetting from the Carribean to the ski slopes, Reggie and Barry are taking in some NCAA action, Mickey she be doing her own thang, heh heh heh. It's all good.
I thought everyone sent their 14 and 11 year old girls down to the Bahamas and then over to Colorado for spring break
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Old 04-03-2013, 01:41 PM   #4
Comrade Crapski Comrade Crapski is offline
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President Barack Obama, who has increased the national debt by $53,377 per household, has proclaimed April 哲ational Financial Capability Month, during which his administration will do things such as teach young people 塗ow to budget responsibly.

http://www.whitehouse.gov/the-press-...ity-month-2013
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Old 04-03-2013, 02:24 PM   #5
LiveSteam LiveSteam is offline
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Originally Posted by Comrade Crapski View Post
President Barack Obama, who has increased the national debt by $53,377 per household, has proclaimed April 哲ational Financial Capability Month, during which his administration will do things such as teach young people 塗ow to budget responsibly.

http://www.whitehouse.gov/the-press-...ity-month-2013
Should have just combined it with black history month.
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Old 04-03-2013, 05:05 PM   #6
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You have to wonder when they're going to declare a national "abortion month". To celebrate their defense against the pervasive war on women. I'd nominate September, I believe most babies are born that month. Should be a no-brainer.
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Old 04-03-2013, 05:08 PM   #7
Iowanian Iowanian is offline
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Old 04-04-2013, 07:31 PM   #8
Comrade Crapski Comrade Crapski is offline
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Tens of thousands of health care professionals, union workers and community activists hired as "navigators" to help Americans choose Obamacare options starting Oct. 1 could earn $20 an hour or more, according to new regulations issued Wednesday. The 63-page rule covering navigators, drawn up by the Centers for Medicare & Medicaid Services, also said the government will provide free translators for those not fluent in English -- no matter what their native language is. "

http://washingtonexaminer.com/obamac...rticle/2526167

Well goshdarnit, somebody has to pay for the "free" translators.

STOP BEING A BUNCH OF RACISTS AND GET YOUR ASSES TO WORK.
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Old 04-04-2013, 07:38 PM   #9
Bewbies Bewbies is offline
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To be fair, only 1/2 the country is working 5 extra days to pay for the other half.
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