The current administration believes that tax and spend is the answer, at least it increases the entitlement class which in turn votes for them to keep the dole flowing. 51% voted that it is OK to steal form the rest of us. Wait until the Obamacare costs and taxes hit you, then you will really be screaming.
All of the people living on the handout career aren't affected by the tax increases.
However the day when the scale tips (more takers than earners) all will suffer. Sadly that day isn't far off.
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Very good friend has a small Mom & Pop type business with about ten employees until the last day of Dec 2012, he now has five employees with increased duties and hourly pay. Obamacare will be the end to the small businesses.
They put it back to where it was two years ago. This is nothing new, you've paid at this rate before. Why didn't everyone freak-out back then?
After two years (2011 and 2012) of being reduced from 6.2% to 4.2%, the employee FICA payroll tax on employment wages is set to revert back to 6.2% effective the start of 2013.
I didn't hear anyone thank Obama for the reduction in FICA taxes you didn't pay for those two years. Tax holiday is over.
Some of us did freak out then, just as I freaked out at the income tax rates until during the Bush presidency the rates were lowered. I am not happy about the rate increase now to Clinton era rates.
I think people are just surprised given all the propaganda spewed about "helping the middle class" etc.
When they "adjusted" our pay at the place where I work , we called it Fuzzy Math!
we have to work 4-7 hours a week extra to make what we did before.
I compare what they now pay us to what I would have made at the old hourly rate and then whatever OT.
It ususally averages out to $37 a day less. I've had some days high as $99 & $100 a day less.
Yeah, times $37 x 260 days (5 days per week, 52 weeks a year).
Welcome to the NWO.
Wars are expensive and taxes pay for it. It's the heaviest load isn't it?
Entitlements take up most of the Federal budget
I do the math on these things fairly often and it just burns me up. The math on my newest pay stub says that between Federal income, OASDI and State income taxes I will pay 21% of my income to taxes this year. Yes I will get a refund next year so it's not a true 21%, but I wont get that money, my money, back until next year.
The sad part is that the above mentioned 21% doesn't cover property tax, sales tax, taxes on gas, auto registrations and a myriad of other taxes I'll be paying this year and NONE of them offer me a refund. I'll bet that close to 45 or 50 cents on every dollar I earn goes away from me as a tax. I'm getting a little sick of it.
Tey should have allowed the fiscal cliff to happen. Then all of the low information voters would have started paying attention to what is really going on.