Fiscal cliff. Whats really in it.

https://money.cnn.com/2012/08/06/news/economy/fiscal-cliff/index.htm

Might be a good time for people to look whats in this if you havnt already.

Have a good day.

So Alkaida, what will come first, the fiscal cliff or the end of the present age/era!?

Geronimo!

well according to you, this end of age. although you never did explain that to me.

Ill just go sit on the couch up there with those stick people and wait around in case you decide to tell us what this whole end of age is... I mean after all, the link is just there for people to see how its going to effect them. I like to try and help people be prepare.

Yup. That's the cliff.
Do you support going over to keep tax rebates for the wealthiest?

There must be closing of loop holes, expiration of tax rebates for the wealthy (everyone else need to be gradually increased as the economy improves) & some belt tightening of entitlements that are not harmful.

So is that how you save lives!?

No thats not how I save lives.

But it is important for people to be prepared. Thats what makes me conservative, thinking ahead and preparing. well one of the things anyway.

People should be informed. Its nothing to laugh about.

Why would you laugh about what the tax laws are going to be if nothing is agreed upon?

could it be you have no dog in the game?

Because I laugh at most if not all of your posts here...and what dog is that now!?

You seem to be willing to go over it to milk the rich.

That was the most random occurance I've seen yet.

And Bruce Willis does not suck.

I'm trained in survival, I am pretty damn great at wild foods & medicines, I will be helping an EMT teach a wilderness first aid course this spring. I hunt & know how to trap. I have worked with homeland security & civil preparedness and mass pharmaceutical distribution. I'm also HazWOPER trained.

I'm quite well prepared both as an individual, family & in the community and yet I'm a LIBERAL.

Do you even think before you post?


ps I've eaten dog- so you better not put it in the fight!

Meh, let it lapse.

Yes, I do think before I post. This thread has to do with whats in the tax code if no agreement comes and likely it wont.

Hopfully it wont mean we will need to forage through the woods for worms and plants.

Meh, what is going to effect? My FICA taxes go up 2% but then again, it's offset by my FSA deduction so not much of an impact there.

If cap gains and dividend tax goes up, it won't really affect me as I don't have any taxable accounts and don't plan on selling anything either way.

I don't have enough to itemize, so the medical and charitable limits don't effect me.

I don't don't for one see a big hit. The biggest thing that will worry me is the elimination of 10% bracket but it's not going to effect my marginal tax rate in any real way.

You make money during the recession?