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Old 12-30-2012, 05:51 PM   #1 (permalink)
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New Taxes from President Obama

Will the taxes on the sale or trade of our cars be hit by the U.S. Presidents new taxes? The link below seems to indicate everything else in our life does get taxed more -

Is this table of estimated Cliff Tax Increases Useful to You? - Yahoo! Answers

Thanks friends
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Old 12-30-2012, 06:18 PM   #2 (permalink)
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Your link is about capital gains taxes; like stocks, bonds, and real estate. I hope someday to have strong opinions on the subject but, alas, I have not accrued enough of any to make for solid input otherwise.
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Old 12-30-2012, 06:52 PM   #3 (permalink)
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One day, I hope that you and other Americans have still have that freedom and opportunity resulting from lots of hard work and less government running your life.
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Old 12-30-2012, 06:59 PM   #4 (permalink)
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More tax means that we citizens have less choice as to where the money goes. When i buy a car some of the money goes to the guy who raises the cows that produce the leather for the seats. If the guv gets the money I have less say as to who is supported. Doubtful it would makes its way to sports car manufacturers.

Also, fewer sports cars are bought because the people who could buy them (you and me) have less money to make our choices with.
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Old 12-30-2012, 07:20 PM   #5 (permalink)
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Will the taxes on the sale or trade of our cars be hit by the U.S. Presidents new taxes? The link below seems to indicate everything else in our life does get taxed more -

Is this table of estimated Cliff Tax Increases Useful to You? - Yahoo! Answers

Thanks friends
Does it matter? One time cost, right?

Sorry, a little P.O.'d right now with the inability of Congress to act. Pathetic. Really, "the cliff" has an impact on everyone regardless of income...I don't understand why this is so difficult. #firedinprivatesector #endrant
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Old 12-30-2012, 09:55 PM   #6 (permalink)
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The collectors of our society have came out and voted more so this time around. Our president was re elected. If this becomes a trend well never go back . Many people are content with a ssi or welfare check than working. The best investment you can ever be involved in is section 8 housing. Get your tax dollars back and it's legal. Socialism doesn't work in the long term. I'm done with my rant.
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Old 12-30-2012, 10:39 PM   #7 (permalink)
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It's difficult cause were broke need more money n not enough people pay taxes, so those that do need to pay more, regardless of income.


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Old 12-31-2012, 04:43 AM   #8 (permalink)
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It's difficult cause were broke need more money n not enough people pay taxes, so those that do need to pay more, regardless of income.


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Or we could spend less.

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Old 12-31-2012, 06:00 AM   #9 (permalink)
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Or we could spend less.

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Old 12-31-2012, 06:19 AM   #10 (permalink)
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Maybe this is not the place to vent out but here it is anyway:

We do not need to pay more taxes. We need to cut expenses and spend less. I do not see why I have to work harder to pay for all these expenses the government wants us to pay for.

Example: Did anyone see the news about “Obama Orders Pay Raise for Congress, Federal Workers, and Joe Biden” – Executive Order done this past Thursday, 12/27! - As of March 27, 2013, federal employees will see a half-percent to one percent pay increase.

Excuse me! Are you kidding me? Now I have to work even more to pay these guys?
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Old 12-31-2012, 06:23 AM   #11 (permalink)
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Maybe this is not the place
This is absolutely not the place. Please take to to "Other".

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Old 12-31-2012, 06:31 AM   #12 (permalink)
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The collectors of our society have came out and voted more so this time around. Our president was re elected. If this becomes a trend well never go back . Many people are content with a ssi or welfare check than working. The best investment you can ever be involved in is section 8 housing. Get your tax dollars back and it's legal. Socialism doesn't work in the long term. I'm done with my rant.
You're right, the key is to find ways to work with the new lay of the land.
Am I the only one how has seen more people limping around and looking disabled?
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Old 12-31-2012, 07:03 AM   #13 (permalink)
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You're right, the key is to find ways to work with the new lay of the land.
Am I the only one how has seen more people limping around and looking disabled?
There was a time in this country when self respect had value, that time has passed. Twenty five years ago, when I was 9, being on food stamps was horrifyingly embarrassing, getting GAWD AWEFUL government cheese and powdered milk teaches you that it's not the way you want to live in your future. Now in 2012 you get a debit card with more food money on it than you can spend and the "food" includes Mountain Dew, Cheetos, and Ho Ho's. It's no wonder all the government check people are so freaking fat. Add in the free health care, housing assistance and all of the other "benefits" and I start to wonder, who's really smarter here? My stupid ass that's breaking his back and going no where or my neighbor that hasn't put pants on before 2pm in five years?
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Old 12-31-2012, 07:38 AM   #14 (permalink)
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The real message here is to go buy that new Lotus TODAY before the taxes go up and induce wallet lightening.
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Old 12-31-2012, 08:07 AM   #15 (permalink)
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There was a time in this country when self respect had value, that time has passed. Twenty five years ago, when I was 9, being on food stamps was horrifyingly embarrassing, getting GAWD AWEFUL government cheese and powdered milk teaches you that it's not the way you want to live in your future. Now in 2012 you get a debit card with more food money on it than you can spend and the "food" includes Mountain Dew, Cheetos, and Ho Ho's. It's no wonder all the government check people are so freaking fat. Add in the free health care, housing assistance and all of the other "benefits" and I start to wonder, who's really smarter here? My stupid ass that's breaking his back and going no where or my neighbor that hasn't put pants on before 2pm in five years?
Amen.

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Old 01-02-2013, 06:45 AM   #16 (permalink)
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There was a time in this country when self respect had value, that time has passed. Twenty five years ago, when I was 9, being on food stamps was horrifyingly embarrassing, getting GAWD AWEFUL government cheese and powdered milk teaches you that it's not the way you want to live in your future. Now in 2012 you get a debit card with more food money on it than you can spend and the "food" includes Mountain Dew, Cheetos, and Ho Ho's. It's no wonder all the government check people are so freaking fat. Add in the free health care, housing assistance and all of the other "benefits" and I start to wonder, who's really smarter here? My stupid ass that's breaking his back and going no where or my neighbor that hasn't put pants on before 2pm in five years?
Thats about it too. When the incentive to work is not there then its only natural for people to opt out. I mean, many of them are only going to fetch about $8 to $12 bucks an hour for menial labor work at a crappy factory with a miserable boss. So, they can deal with all that BS, get hardly any benefits, pay a lot for gas just to get to work, and probably be on eggshells the whole time they are there. OR.... they can skate by with the Barry & Michelle plan. I hate to say it.... but can you blame any of them? Sure, you and I may have not been raised like that or whatever but it is what it is.

Its not just laziness either. Companies shipping decent entry-level jobs offshore and trying to milk every last cent of profit(even when they are already making bucketloads of money) does cause some of this. Remember when you could get a decent paying job right out of high school or with some basic training? Thats what drove the middle class. Its what probably many of our dads and grandpas did. Now, they want a stoopid degree from some overpriced institution just to talk to you about a pretty basic job. And, even peoples high-tech jobs are one shareholder meeting away from being sent to Pakistan or where ever.

In fairness, some of these jobs are lost due to Govt regulations, enviromental garbage, political correctness, etc, etc. That crap has to go too.

I dunno - as much as the moochers piss me off, I can see why they think they way they do. Their Govt makes it fairly easy for them to be leeches. Most organisms take the path of least resistance to get what they need or want. No different here. If its easy to acquire freebies then people will do it. Heck, like you mentioned, they even took the stigma away - you get a fancy looking Visa card now.

I even seriously "joked" to the wifey the other night that if I get laid off or whatever and cant find a comparable gig, we should get divorced so shes suddenly a single Mom with two kids ages 10 and 13. Start sending the checks!!!!
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Old 01-02-2013, 08:09 AM   #17 (permalink)
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I'm tired of the 'well they can afford to pay more' mentality.

Let's take household income of $250K. Sure, sounds nice. Add a wife and 3 kids and that's not as sexy as it sounds. Now, take that same person and add a wife who works and makes nice money and no children - two COMPLETELY different economic scenarios.

Not to mention that income for many people is volatile and cyclical. Many people in the $250K plus range are in sales and/or small business owners. They can have a fantastic year, but there's not guarantee that it will happen the next year or the year after that. There's a HUGE difference between a mid-level/Vp level corporate person who makes a GUARANTEED $250K plus salary versus a sales guy or small business owner who can and/or will make at that level (and more) but no guarantees.


Anecdotal but relevant. We just sold our lake house (long story = just didn't use it). My neighbor was very interested in buying it, but he has a budget to manage - certain pieces of the pie to go to specific things. He did not pull the trigger because the annual nut (property taxes, utilities, association fees, etc) would be prohibitive. Why? Because more of his income will now go to taxes - gone, poof, vanished. First world problems you say? Sure, but the downstream effects are there.

Higher taxes means lower take home money. This is typical discretionary income. A decrease in discretionary income means 'things' go. The guy that owns the marina where I kept my boat is dying. People have sold their 'toys' and/or are finding the services cost prohibitive. As a result, this guy is probably going to go out of business and that's about a dozen jobs (including the hottest little 'dock bunny' you've ever seen!).

This is the reality of increased taxes. Not the silly 'hey, they can afford it'.

It's very simple - I work very hard for my money. I deal with a TON of stress in my career. Stress that I carry with me on Sunday, when I sleep, when I'm with the kids. I feel I already give enough of my income to the government. I don't like the fact that I don't make any money for me and my family until the end of April.
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Old 01-02-2013, 12:22 PM   #18 (permalink)
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I'm tired of the 'well they can afford to pay more' mentality.

Let's take household income of $250K. Sure, sounds nice. Add a wife and 3 kids and that's not as sexy as it sounds. Now, take that same person and add a wife who works and makes nice money and no children - two COMPLETELY different economic scenarios.

Not to mention that income for many people is volatile and cyclical. Many people in the $250K plus range are in sales and/or small business owners. They can have a fantastic year, but there's not guarantee that it will happen the next year or the year after that. There's a HUGE difference between a mid-level/Vp level corporate person who makes a GUARANTEED $250K plus salary versus a sales guy or small business owner who can and/or will make at that level (and more) but no guarantees.


Anecdotal but relevant. We just sold our lake house (long story = just didn't use it). My neighbor was very interested in buying it, but he has a budget to manage - certain pieces of the pie to go to specific things. He did not pull the trigger because the annual nut (property taxes, utilities, association fees, etc) would be prohibitive. Why? Because more of his income will now go to taxes - gone, poof, vanished. First world problems you say? Sure, but the downstream effects are there.

Higher taxes means lower take home money. This is typical discretionary income. A decrease in discretionary income means 'things' go. The guy that owns the marina where I kept my boat is dying. People have sold their 'toys' and/or are finding the services cost prohibitive. As a result, this guy is probably going to go out of business and that's about a dozen jobs (including the hottest little 'dock bunny' you've ever seen!).

This is the reality of increased taxes. Not the silly 'hey, they can afford it'.

It's very simple - I work very hard for my money. I deal with a TON of stress in my career. Stress that I carry with me on Sunday, when I sleep, when I'm with the kids. I feel I already give enough of my income to the government. I don't like the fact that I don't make any money for me and my family until the end of April.
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Old 01-02-2013, 12:44 PM   #19 (permalink)
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I'm tired of the 'well they can afford to pay more' mentality.

Let's take household income of $250K. Sure, sounds nice. Add a wife and 3 kids and that's not as sexy as it sounds. Now, take that same person and add a wife who works and makes nice money and no children - two COMPLETELY different economic scenarios.

Not to mention that income for many people is volatile and cyclical. Many people in the $250K plus range are in sales and/or small business owners. They can have a fantastic year, but there's not guarantee that it will happen the next year or the year after that. There's a HUGE difference between a mid-level/Vp level corporate person who makes a GUARANTEED $250K plus salary versus a sales guy or small business owner who can and/or will make at that level (and more) but no guarantees.


Anecdotal but relevant. We just sold our lake house (long story = just didn't use it). My neighbor was very interested in buying it, but he has a budget to manage - certain pieces of the pie to go to specific things. He did not pull the trigger because the annual nut (property taxes, utilities, association fees, etc) would be prohibitive. Why? Because more of his income will now go to taxes - gone, poof, vanished. First world problems you say? Sure, but the downstream effects are there.

Higher taxes means lower take home money. This is typical discretionary income. A decrease in discretionary income means 'things' go. The guy that owns the marina where I kept my boat is dying. People have sold their 'toys' and/or are finding the services cost prohibitive. As a result, this guy is probably going to go out of business and that's about a dozen jobs (including the hottest little 'dock bunny' you've ever seen!).

This is the reality of increased taxes. Not the silly 'hey, they can afford it'.

It's very simple - I work very hard for my money. I deal with a TON of stress in my career. Stress that I carry with me on Sunday, when I sleep, when I'm with the kids. I feel I already give enough of my income to the government. I don't like the fact that I don't make any money for me and my family until the end of April.
So... when in your working lifetime have your federal taxes been lower than they are right now?
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Old 01-02-2013, 01:26 PM   #20 (permalink)
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So... when in your working lifetime have your federal taxes been lower than they are right now?
Which means "When has he ever been freer to contribute to the economy?"
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