tag:blogger.com,1999:blog-4290163255778893789.post1235486576932042214..comments2024-03-16T05:19:07.061-04:00Comments on Retirement Blues: More Thoughts on the Tax CompromiseJazzbumpahttp://www.blogger.com/profile/07337490817307473659noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-4290163255778893789.post-90163916184638036272010-12-09T18:05:58.659-05:002010-12-09T18:05:58.659-05:00Yes. Shift to Federal income tax. Sorry for the la...Yes. Shift to Federal income tax. Sorry for the lack of clarity. Be well, get some rest. I send you an e mail.<br />best,<br />nanutenanutenoreply@blogger.comtag:blogger.com,1999:blog-4290163255778893789.post-28470802054328026152010-12-09T17:04:24.287-05:002010-12-09T17:04:24.287-05:00I totally missed the Simpson gaffe -- DOH!
Payrol...I totally missed the Simpson gaffe -- DOH!<br /><br />Payroll tax is FICA - SS plus Medicare. Do you mean shift it to Fed income tax? I'm still confused/<br /><br />Has horrible insomnia last night and am running on empty.<br /><br />I'm enormously busy from now through the week-end, at least, so might not posting again for a few days.<br /><br />Cheers!<br />JzBJazzbumpahttps://www.blogger.com/profile/07337490817307473659noreply@blogger.comtag:blogger.com,1999:blog-4290163255778893789.post-66176834645358107732010-12-09T16:43:35.296-05:002010-12-09T16:43:35.296-05:00This comment has been removed by the author.Anonymoushttps://www.blogger.com/profile/17296223961815248113noreply@blogger.comtag:blogger.com,1999:blog-4290163255778893789.post-22027000802959371752010-12-09T16:34:53.161-05:002010-12-09T16:34:53.161-05:00Your story quotes O'Donnell arguing with Alan ...Your story quotes O'Donnell arguing with Alan Simpson, not Grayson.<br />I'm saying that instead of a 2% reduction in the FICA portion of payroll taxes, shift the deduction to the federal income tax portion of payroll taxes. Leave FICA out of the equation. I'm not sure on raising the cap on FICA. It sure would help in closing the gap expected around 2035.namenoreply@blogger.comtag:blogger.com,1999:blog-4290163255778893789.post-21691458339062651892010-12-09T16:05:09.184-05:002010-12-09T16:05:09.184-05:00No, it was Grayson, arguing against the deal, O...No, it was Grayson, arguing against the deal, O'Donnell arguing for it.<br /><br /><i>Scrap the 2% fica reduction and replace it with a reduction in the federal portion of the payroll tax.</i><br /><br />Sorry, you lost me here.<br /><br />I don't see why there is any ceiling on FICA.<br /><br />Yes, let them expire, good damned riddance - and veto anything that includes a tax break for the wealthy - define that any way you like.<br /><br />I believe Unemployment benefits and food stamps have the highest multipliers of anything.<br /><br />Cheers!<br />JzBJazzbumpahttps://www.blogger.com/profile/07337490817307473659noreply@blogger.comtag:blogger.com,1999:blog-4290163255778893789.post-65791484021523903542010-12-09T15:50:24.011-05:002010-12-09T15:50:24.011-05:00Finally, a show of some "stones." Better...Finally, a show of some "stones." Better late than never. I'd rater see my taxes go up, if the "compromise" is the alternative. Just curious: Are you confusing the catfood commission's Alan Simpson with Alan Grayson? <br />If changes are made to the "agreement", how about the following:<br />Scrap the 2% fica reduction and replace it with a reduction in the federal portion of the payroll tax.<br />Eliminate the extension for incomes above 250,000. If necessary, agree to a higher threshold, say 500K in exchange for a permanent extension of unemployment benefits of 52 weeks until unemployment reaches the feds full employment target rate. <br />Otherwise, let em' all expire.nanutenoreply@blogger.com