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

[Dennis S]

Is it a set-up?

[cbelt3]

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

Oh, and obligatory Admiral Ackbar quote ?

[Spock]

November looms large on the horizon.

[mrbigstuff]

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

[Lux Interior]

Somebody set up us the bomb!

[Gutenberg]

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.

[$tevie]

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.

[Gutenberg]

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

[Anonymous User]

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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[Ted King]

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.