2881

Yeah I was about to get insulted there… I’ve only cracked the 40k mark the last two years of my life, and I wasn’t doing that terribly.

2882

There’s no going back whatsoever. Sarah Palin and Hannity spent all of half an hour last night giving each other masturbatory stimulation on how this WHOLE bill is an affront to the constitution.

They’ll straight up lose the moderates this November.

2883

Huh? You totally lost me as that seems a complete non-sequitur from my post.

2884

The GOP made their bed by treating Tea Partiers and Fox News as their base. Now I’ll happily watch them lie down in it as they try to take this away.

2885

I was watching BBC America last night (and feeling that it’s bizarre the BBC has an american specific news hour) and their take was that the health care bill is all but irrelevant to the elections. It’ll all come down to the economy. If it’s improving, Obama gets a pass and anything else is forgotten. If it’s still in the tank with no daylight in sight, he’ll get grief over everything he’s done or not done.

2886

Right now some Republican is visiting the Oracle and getting the good news:

“If you attack, a major party will fall.”

2887

Yea, that whole, ‘What you do to the least of my brothers that you do unto me’ crap is for pussies.

2888

I totally want to post some stuffs like that on his wall, but then we closely related, and I don’t want to cause any problems between his family and mine.

2889

Tell him this:

  1. Hey dumbass, you already pay 1.4% of your payroll to people who don’t deserve it.
  2. Hey dumbass, here are people worth billions that don’t pay anything to that pool, because their payroll is 1$/year: http://en.wikipedia.org/wiki/One-dollar_salary
  3. Hey dumbass, the new tax doesn’t touch payroll, it only adds a .9 percent increase and starts applying the tax to income that isn’t payroll.
  4. Hey dumbass, unless you’re making 200,000/yr, there’s no tax whatsoever on you.

So, if your cousin after all that is affected by the health care bill’s tax changes, tell him he can come to Kentucky and kiss my redneck, somewhat-left-of-center, semiprofessional-handgunner ass.

H.

2890

he isn’t even rich, he is working as IT manager(computer lab) in a Christian college(yes, he is that religious).

2891

Considering Obama and the Dems have already lost them in droves across the country, it will be interesting which message resonates and which one doesn’t.

Tough times for the Democrats in the MidWest

A Republican won with this as one of the primary issues in Massachusetts. The benefits don’t start until 2014; the taxes start tomorrow. While the Dems can talk about the buckets of awesome that will come pouring down from Medical Heaven then, most everyone will be feeling the negative impact immediately. The tricky scoring is going to fall away and the real cost is going to become apparent. For some, gaining greater governmental control of health care is worth the cost. For a large number of others, its going to be another brick in the already vast debt wall which plays into the stereotype of Democrats as reckless statist spenders. Nancy Pelosi carrying the big gavel and her Dr. Evil laughing moment will be seen in negative ads in districts all across the country.

Perhaps the Republicans are d0med; perhaps its the other way around. With the ugly way this bill barely limped across the finish line despite large Democrat majorities in both houses, all of the backroom deals, giveaways, and overt politicking, I think there will be a reckoning at the ballot box this November. The Dems came to power in 2006 based upon perceived Republican excesses and weight of an unpopular war. That dynamic has almost completely reversed itself now.

It is certainly a time of clear distinctions and it would be an interesting experiment to see how it all works out if so much wasn’t at stake. I guess we will have to see.

2892

Uhhh… “this approach does not meaningfully impact personal tax liability because stock and option grants are treated as ordinary income when they are awarded.”

Unless that’s some rhetoric that’s under dispute, it doesn’t seem like the $1 salary by itself has much of an effect. I’m sure stock taxes are highly complex and filled with loopholes like anything else.

2893

The information I’ve seen is that capital gains and dividends (and other stuff) are excluded from the current FICA taxes. I fully acknowledge that I just started caring a few days ago and can be wrong, but that’s what I’ve seen, and that’s what makes the major nut of mega-CEO benefits and dynasty transactions.

2894

Sorta. For outright grants, that’s true and is simple. You’re taxed on the value of the stock at grant time. Most stock isn’t given that way, however. It’s either Restricted Stock Units (RSUs) or stock options. RSUs are a stock grant that you don’t get right away, but rather on a vesting schedule (25% of it per year over 4 years or something like that). The value of each chunk is taxed as regular income when it vests. Companies often do a sell-to-cover to handle the taxes and just give you the remainder. On stock options, you’re taxed on the profit at the time you exercise them, again as regular income. In either case, after that, you own the stock, and if you hold it a while, then sell it, it’s capital gains, not income.

Another interesting tidbit folks may not know about. The Social Security portion of FICA caps out at $106,800. After that, even regular income isn’t subject to it. That limit goes up each year by a bit. The medicare portion has no cap, but is 1.45%, so it’s by far the smaller portion of the two. That’s for the employee’s portion. I’m not sure if there’s a cap on the employer portion of either bit.

2895

So which facebook group would Jesus join?

2896

rhino, perhaps the taxes on unearned income start tomorrow as you say, but that affects a very small number, while a number of rather popular provisions of the law start before this November’s elections, and affect millions. That fact, and the fact that zombie Nazi Death Panel doctors aren’t going to start roaming the streets and the countryside (contrary to the apocalyptic predictions of the Republicans) before November, means that this will be no repeat of 1994. Oh, that and the fact that this time the Dems in Congress didn’t wuss out.

2897

When it comes to health care, WWJD? Who Would Jesus Drop?

2898

for health care, because Jesus doesn’t have to pay tax!!!

2899

My attitude about Democrats losing seats in November basically boils down to: who cares? They were elected with large majorities in both houses after (partially at least) campaigning on HCR and they delivered. That’s what we hire politicians to do and they rarely actually do it, so we’re already ahead of the game. If Dems get punished this fall for doing what they were elected to do, so be it.

Personally, I think any Republicans popping corks at this early date are way premature. The situation is fluid and things could go either way.

2900

http://www.youtube.com/watch?v=Ok1EllhHgoU

Apparently, heavy-handed Michael Jackson songs are too obtuse for tweenage Becktards.