Skip to main content

View Diary: White House Confirms: Obama's Budget Contains Middle Class Tax Hike (69 comments)

Comment Preferences

  •  Translated: taxes go up for the middle class (11+ / 0-)

    We're not stupid and understand what you're saying. But bottom line, taxes go up on the middle class at a time when we can't afford and don't need it. If and when we get out of this recession and are back to near-normal conditions and growth, we can revisit middle class tax increases.

    The real question is what GOOD and NECESSARY purpose CCPI serves that could not be better served via some other, more progressive means, like raising the cap on payroll taxes?

    The answer is NONE, making the rest meaningless.

    "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

    by kovie on Thu Apr 11, 2013 at 07:15:57 AM PDT

    [ Parent ]

    •  How do "taxes go up"? (4+ / 0-)
      Recommended by:
      wishingwell, ericlewis0, Cedwyn, Fury

      There are no taxes involved here at all, as far as I can tell. Sure, benefits go down a bit from lower cost-of-living adjustments, but how do taxes go up?

      PS. I'm not arguing in favor of the policy here, just taking issue with how it's described.

    •  You certainly did NOT understand me. (2+ / 0-)
      Recommended by:
      wishingwell, ericlewis0
      But bottom line, taxes go up on the middle class at a time when we can't afford and don't need it.
      That's the part., as I explained, that's just not true.

      That's not even "gun control". It's more like "massacre control".

      by Inland on Thu Apr 11, 2013 at 07:40:57 AM PDT

      [ Parent ]

      •  Sure they do, however you try to hide it (4+ / 0-)
        Recommended by:
        TJ, eXtina, Words In Action, greenbell

        For the same income, unless I'm at the poverty level, my taxes go up, because of bracket creep. You're being too clever by half here.

        "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

        by kovie on Thu Apr 11, 2013 at 07:43:53 AM PDT

        [ Parent ]

        •  No, that's wrong in three ways. (2+ / 0-)
          Recommended by:
          wishingwell, ericlewis0

          The first way I've already told you about.

          The second way is, it only counts for people who are at an inflection point.  These brackets are pretty wide, since we only have, what, four now, and most people aren't going to move out of one bracket to another even if we never adjust them, much less "at this time".

          Now would be a good time for everyone to do their own taxes and try to understand them.  

          That's not even "gun control". It's more like "massacre control".

          by Inland on Thu Apr 11, 2013 at 07:51:16 AM PDT

          [ Parent ]

          •  I know how taxes work (3+ / 0-)

            And it's not just people at the inflection point. Every dollar one makes PAST that inflection point gets taxed at the higher rate. Why are you continuing to insult everyone's intelligence here with this self-evident dishonesty?

            No one moves from bracket to bracket. Only a part of their income does. EVERYONE knows that (who isn't a RW moron).

            "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

            by kovie on Thu Apr 11, 2013 at 07:59:54 AM PDT

            [ Parent ]

            •  If you read my original post, you'd (0+ / 0-)

              see that I'm quite aware of how the marginal rates work.

              However, you are not.  Most people still will not have A DOLLAR move from one bracket to the next.   Why?  Because the amounts are still going to be moving, for one, and because most people earn in the bottom bracket or lower and are going to STAY there.  Your hypothetical thirteen cent tax hike (not thirteen per cent, but thirteen cents) isn't even necessarily the case and why are we talking about it? .

              And we're still left with errors one and two: one, the "hike" isn't going to be "at this time", and as far as we know, the chained CPI is an accurate measure of the real value of the dollars and is fair.

              That's not even "gun control". It's more like "massacre control".

              by Inland on Thu Apr 11, 2013 at 08:14:08 AM PDT

              [ Parent ]

              •  CCPI is NOT an accurate measure of inflation (2+ / 0-)
                Recommended by:
                eXtina, Sunspots

                It's an accurate measure of how much the rich hate the non-rich and old and wish they'd all just die already, a la Grayson.

                And most people do NOT only earn in the lowest bracket, which is the poverty level and thus by definition is NOT middle class. And who cares if my wages go up and thus offset my higher taxes? My tax rates STILL go up.

                I'm fine with the top rate going up and the addition of a new top rate. I'm not fine with lower rates going up or brackets coming down or not being adjusted according to the real cost of living increase. This will make peoples' buying power decrease in the middle class, which is all that really matters.

                "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

                by kovie on Thu Apr 11, 2013 at 08:20:08 AM PDT

                [ Parent ]

                •  You're not adding anything. (0+ / 0-)

                  I don't know that chained isn't accurate, you don't tell me why it isn't, you don't show me any tax hike "at this time", and you don't show it to be anything but peanuts.

                  Why are we still talking about this?  The diary is wrong.

                  Boy, I remember the good old days when the party line on Dkos was to let all the tax rates return to Clinton era rates, including on the middle class, and the payroll tax holiday was only for the purpose of destroying SS.

                  I'm all for being careful with middle class taxes, but this?  No.

                  That's not even "gun control". It's more like "massacre control".

                  by Inland on Thu Apr 11, 2013 at 08:29:38 AM PDT

                  [ Parent ]

                  •  Plenty of diaries and articles written (0+ / 0-)

                    by people far more qualified than me showing how CCPI is inaccurate and unfair. Just because you don't "know" it doesn't mean they're wrong.

                    Please, enough. Your side lost. As always. Reality always wins.

                    "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

                    by kovie on Thu Apr 11, 2013 at 08:35:50 AM PDT

                    [ Parent ]

                  •  Accurate... Let's say the Village is right. (0+ / 0-)

                    Let's say, for the sake of argument, that Superlative nee Chained CPI is a "better," more accurate way of calculating the rate of inflation.

                    Who the fuck cares?

                    If, when the present accounting method was decided on, the Dems pulled a fast one on the fiscal conservatives of the day and convinced them to agree to a flawed "inaccurate" system...

                    good for them!

                    Today's Dems should still defend it tooth and nail, the way the Thugs defend their bogus tax cuts, because it puts more money into the pocket of folks who badly need it.

                    The Dems should be all about supporting anything that strengthens the safety net. Period. The wonks can go wonk themselves.

                    When you triangulate everything, you can't even roll downhill...

                    by PhilJD on Thu Apr 11, 2013 at 08:44:17 AM PDT

                    [ Parent ]

Subscribe or Donate to support Daily Kos.

  • Recommended (156)
  • Community (66)
  • Baltimore (48)
  • Bernie Sanders (37)
  • Civil Rights (36)
  • Culture (30)
  • Elections (24)
  • Freddie Gray (23)
  • Law (22)
  • Hillary Clinton (21)
  • Economy (21)
  • Education (21)
  • Rescued (20)
  • Racism (20)
  • Texas (19)
  • Labor (19)
  • Environment (18)
  • Politics (17)
  • 2016 (16)
  • Media (16)
  • Click here for the mobile view of the site