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Why did the Republicans go along so easily on the payroll tax deal? - Printable Version

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Why did the Republicans go along so easily on the payroll tax deal? - Dennis S - 02-17-2012

Is it a set-up?


Re: Why did the Republicans go along so easily on the payroll tax deal? - cbelt3 - 02-17-2012

Buying votes with the future. What else is new. They're all in it.

Oh, and obligatory Admiral Ackbar quote ?


Re: Why did the Republicans go along so easily on the payroll tax deal? - Spock - 02-17-2012

November looms large on the horizon.


Re: Why did the Republicans go along so easily on the payroll tax deal? - mrbigstuff - 02-17-2012

while they're fu**ing up the nomination, they figure they may actually get in a good word for the "95%"


Re: Why did the Republicans go along so easily on the payroll tax deal? - Lux Interior - 02-17-2012

Somebody set up us the bomb!


Re: Why did the Republicans go along so easily on the payroll tax deal? - Gutenberg - 02-17-2012

Update: Senate Republicans are not going along. So the "deal" may have been to take the heat off House Republicans, many of whom are in deep trouble in November. Mitch McConnell is not up for reelection till 2014 and John Kyl is not running at all.


Re: Why did the Republicans go along so easily on the payroll tax deal? - $tevie - 02-17-2012

So we're all supposed to be too stupid to figure out that NO means the same no matter in which chamber the GOP chooses to say it.


Re: Why did the Republicans go along so easily on the payroll tax deal? - Gutenberg - 02-17-2012

No one ever accused the GOP of having respect for us commoners.


Re: Why did the Republicans go along so easily on the payroll tax deal? - Anonymous User - 02-19-2012

There is the traditional 10% of income but that becomes a little muddy if a significant portion of your income comes in the form of self investing stock dividends. In that case a person might show a very high income level on paper but would not actually have the cash on hand without liquidating stocks, which isn't always possible. So the way a person calculates the 10% (if they adhere to that) can be complex.

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Re: Why did the Republicans go along so easily on the payroll tax deal? - Ted King - 02-19-2012

rajiv123 wrote:
There is the traditional 10% of income but that becomes a little muddy if a significant portion of your income comes in the form of self investing stock dividends. In that case a person might show a very high income level on paper but would not actually have the cash on hand without liquidating stocks, which isn't always possible. So the way a person calculates the 10% (if they adhere to that) can be complex.

I thought that if they don't liquidate the stocks, then the value of the stocks isn't counted as income for tax purposes. And if they get dividend payments from stocks then that is income isn't it? I was under the impression that it is income that is liable for income tax that people were comparing in this thread.