1:59 pm, April 26, 2015

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  • You forgot to mention the soon to expire 2% payroll tax decrease
    Rob
    Most people don't even realize the 2% reduction (from 6.2 to 4.2) is set to expire at the end of this year. My bet is the 2% reduction will be extended. Whether or not it should is worth debate. Like any other gov't handout, once it's given it's nearly impossible to take back.
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  • Rob
    Linda
    You are correct in that the 2% reduction in the FICA is set to expire at the end of the year. And no it is not impossible to raise the rate. It was reduced in 1974, raised in 1977, raised in 1983 and big raise in 1985 by Reagan. And there was actually a big recession going on during those years...................................... Why Conress thinks they can keep Social Security and Medicare afloat while reducing the taxes to pay for it, is a mystery to me............But, my prediction is that the FICA Tax Holiday and the Bush Tax Cuts will continue into 2013, because no one in Congress is smart enough or brave enough to stop them. To balance the budget taxes have to raise and services have to decrease. And that isn't even talking about the National Debt. ....... When over 40% of the country pays zero Federal Tax, it's no wonder there is a problem, tax rates are the lowest they have been in what 50 years?? But, everyone should pay something, even if just a little. People should not live in luxury on welfare. No cell phone, no two car garage, no vacations. If you want those things, get a job.
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  • jobs pay less
    deployed decoy
    Tell me Linda why anyone wants a job living in that condo I just aid to refinance and driving a 2011 high end SUV paid for with welfare money... Heck if they worked they might even have to pay something for health care and federal income tax. I vote to receive welfare, they get on a boat and move to Kuwait to work for $240/Mo. plenty to send home to feed the kids for most of the rest of the world.
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  • Entitlements/Taxes
    Rob
    Yes, I think it's funny every time I hear the left chant about the rich not paying their fair share while saying nothing about the 40% who don't pay any income tax.....You mention the raise in FICA taxes under Reagan. He also slashed income tax rates from where they were under Carter.....We need both tax reform and entitlement reform. I hope we can all agree on that. Our entitlement society is growing like a cancer and I see nothing this administration is doing to stop it. Didn't Obama just undo the work requirement that was in the welfare reform bill signed by Clinton. What was the purpose of that? People are not going to look for work when they can get paid sitting at home. Look, people hate to hear this, but this administration wants more people dependent on gov't not less.
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  • Rob
    Linda
    Reagan did cut tax rates. Right in the middle of the year! What a nightmare that was! I hate it when politicians change tax law in the middle of the year, or worse yet, change it in January to make it rectroactive for the previous year.
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  • Republican Depression and sticking it to the middle class
    Moderate
    First I will start with jobs. Your friends gave us the Bush and the Republicans Depression which gave the middle class a huge amount of unemployment. Those people are not looking for work due to frustration. They need jobs that pay a decent wage and not a McDonalds which does not pay nor does it give medical benefits. You cannot support a family like that. At least on welfare they have medical benefits.----The 40% do pay taxes, just not federal income taxes. Maybe you want to cut off a pound of flesh for taxes. Please define entitlements. Are you writing about social security, yours and my pension, medicare, or welfare? Guess you want another depression called the Mitt Romney and the Republicans Depression.---Yes and the wealthy have benefitted the most from the tax cuts. That is why they should be taxed more.
    worker
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  • Various responses
    Moderate
    Living on luxury on welfare? I do not think so. Those that have cell phones could be committing welfare fraud or have them for an emergency. As far as everyone paying taxes, they probably do. If they work, they pay social security and unemployment, probably sales tax. They should NOT pay income tax if they do not make enough money. Some of that 40% may be the result of the Bush Depression. Others may be people on social security and a small amount of income. Can't expect them to pay income taxes. Of course we may also consider the underground economy (cheats of about $350 billion in taxes). I think you said you work for IRS so you know what I am writing about.-----I hope Rob is wrong about FICA taxes. It will go bankrupt. And it is not a gov't handout.
    worker
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  • It's just a law
    Jimmac
    Although "Congress" passed a law back in 1990 to achieve pay comparability (The Federal Employees Pay Comparability Act of 1990). It seems that this is another law the lawgivers have chosen to ignore. I guess it is easier to beat up on employees who are powerless to defend themselves and to say they are the cause of all the problems. (Hmmm,Singling out one group for the problems of a nation seems familiar)Hopefully, federal employees will vote and send a message to these arrogant, selfserving,individuals of low repute. How a nation treats the weak and powerless demonstrates that nation's character.
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  • Adjustment for Social Security Taxes
    Alan W.
    Mike: Whats on the horizon for the President to again, reduce the percentage social security that the FERS employees pay at this time. I have heard nothing and perhaps you could discuss this in one of your articles as I believe the it is set to expire too at the end of this fiscal year. Enough of the Federal Employee chopping with pay freezes and increases in costs for pensions and insurance. We need you to advocate for us Mike. The FMA does a great job, but enough is enough!!! Hope your having a great summer. Thanks. Alan 22 Year Federal Employee
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  • And the rest of the country?
    Milo Cook
    Saw a note this week saying the average American is likely to see a 3% increase in pay this year. What's the rationale for freezing us yet another year?
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