client making 90k pays more taxes because of Obama

[Willie99]

how can that be? I must be lying, because if I'm not that means Obama told yet another bold faced lie

who do you think is telling the truth?

 

[JohnnyMac]

You should send that return to someone who knows what they are doing, then.
















j/k. Too easy of straight line, there, Willie.

 

[Willie99]

good one, I like a sense of humor

 

[ScottL]

Willie, did you mean because of new tax laws enacted by the Obama administration, or specifically Obamacare itself?

 

[SheriffJoe]

You should send that return to someone who knows what they are doing, then.

That was funny.

@)

 

[Willie99]

Willie, did you mean because of new tax laws enacted by the Obama administration, or specifically Obamacare itself?

Obamacare

 

[wabashwonders]

Client? Only 1? So you are basing your conclusion on a sample of 1? Or did you have many clients who pay more because of Obamacare? And I am not defending Obamacare, merely asking a question. My insurance is way better this year than in the past but I would never use just my one case as an example for everyone.

 

[Willie99]

OMG, I have many clients paying more in taxes, many, some got destroyed. Almost everyone paying more for healthcare too in one form or another

my point is a person making far less than $ 200,000 had a tax increase, pointing out yet another in your face lie (or maybe I'm lying, maybe I'm wrong, what do you think?)

great for you too, you're one of the winners, which actually puts you in the minority

 

[russ1945]

Willie, the apologists abound even for Obamacare. They don't get it and they never will. It is much more like that your guy was the only guy in the entire country that had that happen. Right. LOL

 

[wabashwonders]

OMG, I have many clients paying more in taxes, many, some got destroyed. Almost everyone paying more for healthcare too in one form or another

my point is a person making far less than $ 200,000 had a tax increase, pointing out yet another in your face lie (or maybe I'm lying, maybe I'm wrong, what do you think?)

great for you too, you're one of the winners, which actually puts you in the minority

I agree I am very lucky and in the minority mainly because I work for a good company more than anything. And yes, Obama did lie just like all politicians do. I'm sure by now everyone is aware he lied but I understand some of you feel the need to say it over and over again in different threads. If it makes you feel better then keep doing it. Won't stop the politicians from lying in the future though.

 

[akphidelt]

What taxes are increasing because of Obamacare? The penalty does not go in to effect until next years taxes and it is very minimal?

 

[MantisToboggan]

What taxes are increasing because of Obamacare? The penalty does not go in to effect until next years taxes and it is very minimal?

How about the 3.8% Medicare tax on investment income?

 

[akphidelt]

How about the 3.8% Medicare tax on investment income?

So basically an increase of 3.8% on unearned income?

 

[Willie99]

What taxes are increasing because of Obamacare? The penalty does not go in to effect until next years taxes and it is very minimal?

the threshold for medical expenses to exceed before they become tax deductible has been increased from 7.5% to 10% for people under the age of 65, it will impact people 65 and older beginning 2016 (it was "delayed" for them)

a 2.5% increase
2.5% of 90k = $ 2,250
25% of $ 2,250 = $ 562 tax increase

what other tax increases impact "average americans" in 2013?
limits on FSA contributions decreased $ 2,500 (potential $ 625 tax increase)
OTC drugs no longer eligible for HSA distributions (potential $ 1,250 tax increase)
increased penalty on non qualified HSA distributions (potential for $ 500 per year, but a lot more for people who have large balances but no longer need an HSA)


never mind the penalty tax, and never the fact that when you increase the costs of anything (especially massive increases), those costs are always always always always based on to the consumer (that's the type of reality liberals tend to avoid like the black plague)

 

[wabashwonders]

the threshold for medical expenses to exceed before they become tax deductible has been increased from 7.5% to 10% for people under the age of 65, it will impact people 65 and older beginning 2016 (it was "delayed" for them)

a 2.5% increase
2.5% of 90k = $ 2,250
25% of $ 2,250 = $ 562 tax increase

what other tax increases impact "average americans" in 2013?
limits on FSA contributions decreased $ 2,500 (potential $ 625 tax increase)
OTC drugs no longer eligible for HSA distributions (potential $ 1,250 tax increase)
increased penalty on non qualified HSA distributions (potential for $ 500 per year, but a lot more for people who have large balances but no longer need an HSA)


never mind the penalty tax, and never the fact that when you increase the costs of anything (especially massive increases), those costs are always always always always based on to the consumer (that's the type of reality liberals tend to avoid like the black plague)

The average family will not be affected by any of these. You use the word potential in each case which proves my point. Some will but like me in the earlier post, they will be in the minority.

 

[wabashwonders]

And Willie, exactly how many people do you know that have large balances in their HSA and no longer need health care?

 

[wabashwonders]

Also OTC drugs have not been eligible for HSA distribution since 2010 so that's not new this year, but I am curious how you come up with $1,250 tax increase because of this.

 

[GasMan]

The average family will not be affected by any of these. You use the word potential in each case which proves my point. Some will but like me in the earlier post, they will be in the minority.

Of course Willie is a liar.

CPA or not, you can't be making shit up on this here forum because you are a racist Willie dontchaknow.

 

[MantisToboggan]

The average family will not be affected by any of these. You use the word potential in each case which proves my point. Some will but like me in the earlier post, they will be in the minority.

What about the .9% Medicare tax on wages and self-employment income? I know your response will be that it doesn't affect "the average family", but you will be wrong. They didn't index the 200k/250k thresholds for inflation, therefore, this tax will begin to affect plenty of families in the coming years.

 

[GasMan]

Just little bits at a time Mantis..if they said they were trying to raise the tax rate 10% by next year, they would lose elections by a landslide.