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Employee Social Security reduction not a new tax

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Posted: Tuesday, March 26, 2013 12:00 am

On March 19, you published a letter from Ron Portal, "More government spending will not lead us out of a bad economy." He made several statements using detailed numbers. I do not know about the accuracy of most of them. However, there is one that I know is wrong.

I do not know if this is an honest mistake, or an attempt to sway the reader. He said that in January 2013 there was a new 2 percent payroll tax. That is wrong. The 2 percent reduction on the employee Social Security — done to help the economic recovery — was stopped. The tax rate went back up to 6.2 percent, as it had been for years. This was not a new tax. I have been making out payroll checks for around 40 years, and I know what I am talking about.

At the end of his letter, he made a derogatory statement about the liberal mind. Perhaps his letter shows the errors of conservative thinking.

Reuven Epstein

Galt

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14 comments:

  • Eric Barrow posted at 7:22 am on Thu, Mar 28, 2013.

    Eric Barrow Posts: 1342

    Remarkable, did you actually read those articles? Every one of them is talking about the end of the payroll tax holiday and I have already said that I did not feel this was a tax increase and most people agree with this. What is amazing is that I have been asking for some time for you to substantiate your claim that my taxes were going up and that somehow I was oblivious to this fact. So far you have been unable to accomplish this and now you send four separate articles that only mention the ending of the payroll tax holiday and not one word about any other increase in taxes on the middle class. If you have nothing else I would request that you admit you have been wrong on this issue and apologize for you rude language.

     
  • Andrew Liebich posted at 11:13 pm on Wed, Mar 27, 2013.

    Andrew Liebich Posts: 2693

    If you don't like videos might I suggest you take up reading...

    “The actual effect of the deal, however, was to raise taxes on 77% of American households”-MSNBC

    http://tv.msnbc.com/2013/01/05/the-fiscal-cliff-deal-a-tax-hike-for-the-real-middle-class/

    “Obama’s wrong: This ‘cliff’ deal still raises taxes on the middle class”-The Washington Post

    http://www.washingtonpost.com/blogs/wonkblog/wp/2012/12/31/obamas-wrong-this-cliff-deal-still-raises-taxes-on-the-middle-class/
    “Households making $50,000 would pay $1,035 a year more in payroll taxes.”-CBS NEWS

    http://www.cbsnews.com/8301-250_162-57559974/the-middle-class-tax-hikes-in-obamas-fiscal-cliff-plan/

    “the increase in payroll taxes will hit nearly every wage earner”-The Huffington Post

    http://www.huffingtonpost.com/2013/01/02/fiscal-cliff-raise-taxes_n_2395559.html

     
  • Eric Barrow posted at 12:55 pm on Wed, Mar 27, 2013.

    Eric Barrow Posts: 1342

    Yes but none that affect people making under 250k you can prove this wrong very easily by simple listing the tax created during the fiscal cliff deal that affects those making under 250k. Like I’ve asked for the last couple of weeks. Please no more pointless videos.

     
  • Andrew Liebich posted at 11:47 am on Wed, Mar 27, 2013.

    Andrew Liebich Posts: 2693

    You can pretend that "the conservative Heritage Foundation lists no new taxes, due to the fiscal cliff deal" but the Heritage foundation video provided clearly lists 13.
    [sleeping]

     
  • Eric Barrow posted at 7:03 am on Wed, Mar 27, 2013.

    Eric Barrow Posts: 1342

    Against my better judgment I went ahead and watched your video. I asked for specifics and this is what you came up with a minute and sixteen seconds montage of Barack speeches and Fox video. What you have demonstrated, other than a complete break with reality, is that you clearly know nothing about the fiscal cliff deal and the taxes associated with it but you do spend a lot of time buying into pathetic, biased, unsubstantiated you tube.

    I would encourage others, I’ve watched it and it's clean, to take a little look at the video provided by Andrew to see first-hand how he has proven that our taxes are increasing.

     
  • Andrew Liebich posted at 12:17 am on Wed, Mar 27, 2013.

    Andrew Liebich Posts: 2693

    Delusional indeed.

    I'll demonstrate.

    Here is a short video from the Heritage Foundation's YouTube channel

    Enjoy! ROFLMAO[lol] [lol] [lol]

    http://youtu.be/SJWgrGu9QDw

     
  • Walter Chang posted at 7:23 pm on Tue, Mar 26, 2013.

    Walt Posts: 993

    Well said!!

    [thumbup]

     
  • Sam Heller posted at 7:08 pm on Tue, Mar 26, 2013.

    Sam Heller Posts: 176

    Mr Epstein, great letter. I am a Republican and thought Mr Portal's comment on the payroll tax was a misleading. I am so tired of both the extreme right and left trying to deceive.

     
  • Eric Barrow posted at 3:34 pm on Tue, Mar 26, 2013.

    Eric Barrow Posts: 1342

    Andrew this is getting old perhaps if you could be more specific? Even the conservative Heritage Foundation lists no new taxes, due to the fiscal cliff deal,on those making less than 250k except the payroll tax increase and even they admit that it is the expiration of a tax holiday not a tax increase. When you are more conservative than the Heritage Foundation you are certainly way out in right field and you claim we are delusional?

     
  • Andrew Liebich posted at 2:18 pm on Tue, Mar 26, 2013.

    Andrew Liebich Posts: 2693

    Delusional Obama supporters,

    Facts do not cease to exist because they are ignored.

    As a candidate in 2008, Obama said, "I can make a firm pledge" that "no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes."

    Addressing Congress as president for the first time in 2009, Obama said, "If your family earns less than $250,000 a year, you will not see your taxes increased a single dime. I repeat: not one single dime."

    In reality, thanks to the fiscal cliff deal, those earning between $30,000 and $200,000 will see their paychecks reduced by anywhere from about $450 to nearly $1,800. A bit more than "one single dime."
    [sleeping]

     
  • Jeff Tillett posted at 10:09 am on Tue, Mar 26, 2013.

    Jeff Tillett Posts: 531

    Interesting how you deceptively truncate the quote: "Under my plan no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.”

    He was referring to those that make less than $250K. And for the large part, he has abided by the pledge. At least as best as one can when inheriting a faltering economy and an ubstructionist party.

     
  • Eric Barrow posted at 10:01 am on Tue, Mar 26, 2013.

    Eric Barrow Posts: 1342

    Thanks for the info Joanne I been trying to tell Andrew for weeks that my taxes have not increased but he seems unable to comprehend and then he insults me?

     
  • Joanne Bobin posted at 8:49 am on Tue, Mar 26, 2013.

    Joanne Bobin Posts: 4310

    I don't know why the WSJ would have different information on the tax changes than Mr. Leebick is presenting. I guess he is most likely correct since he gets his info straight from Alex Jones - or does he WRITE it for Alex Jones? Hmmmm.....

    http://articles.marketwatch.com/2013-01-03/finance/36121669_1_social-security-tax-tax-rates-separate-returns

    Newsflash to Mr. Leebick: The City of Lodi will, starting July 1st, begin correlating waste water rates with the amount of water used, i.e., metered water. Now that they know how much water we are using, they will tax us accordingly whether the "waste water" goes into the city's sewer system or into the ground.

    And it seems the reference you gave dated 2009 began as a study in 2008, before President Obama was in office, but of course YOU have attributed some new tax on rainwater runoff to Obama's radical EPA official.

    Another imaginary event from the mind of Alex Jones.

    BTW - got a good laugh over your "ghostwriter" reference. You cannot even write a letter to the editor that is your own composition - the last one was copied and pasted from at least 10 different websites that I was able to find in about 5 seconds - what makes you think anyone would believe that you are a ghostwriter for Alex Jones?

     
  • Andrew Liebich posted at 7:32 am on Tue, Mar 26, 2013.

    Andrew Liebich Posts: 2693

    *NEWSFLASH* Reuven Epstein...President Pinnocchio said, "Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes."

    In reality income, payroll and capital gains taxes have ALL increased not to mention the fact that the U.S. Supreme Court upheld the individual mandate portion of Obamacare by declaring it a “tax.”
    [sleeping]

    Marginal tax rates have gone from 25% to 28%, 33% to 35%, 28% to 31% and 36% to 39.6% respectively.

    The top 15% rate on long-term capital gains rises to 20%.

    Dividends will again be taxed at ordinary income tax rates – 39.6% for top earners.

    Limits on Itemized Deductions and the Personal Exemptions Phase out will add an additional 1.2% to the top rate.

    Death tax rate increases from 35% to 55%, with the exemption falling to $1 million from $5 million.

    Child care deduction limit of $3,000 reverts to $2,400

    Child credit decreases from $1,000 per child to $500 per child

    Low 10% tax bracket for low income Americans expires and taxable income previously subject to the 10% rate will be taxed at 15%

    The marriage penalty equalization ends – the deduction decreases from 200% of the deduction for singles to 167%; and the 15% tax bracket reflects the reduced levels.

    Reduction of the earned income tax credit and refunds

    American Opportunity college education credit expires

    Refundable adoption credit and a lower deduction

    Reduction for student loan interest ends

    Education IRA limit drops from $2,000 to $500

    In addition to these tax provisions, several new taxes that are part of Obamacare totaling approximately $22.8 billion are scheduled to begin in 2013. These taxes include:

    The Medicare tax for incomes over $200,000 ($250,000 for joint filers) and applies the new 3.8% tax to investment income.

    A 2.3% excise tax on manufacturers of medical devices

    Medical Deductions are reduced by increasing the floor on medical deductions from 7.5% to 10% of adjusted gross income.

    Limits to flexible spending arrangements

    Elliminates deduction for expenses that can be allocated to Medicare Part D

    Lastly, would President Obama’s Environmental Protection Agency really force Americans to pay a tax on “rainwater runoff” from homes and small businesses?

    You bet they would. In fact, the EPA, under radical environmentalist Lisa Jackson, is proposing regulations to do just that. http://epa.gov/npdes/pubs/icr_fedreg.pdf
    [sleeping]

     

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