dcsimg The Get Rich Slowly Forums • View topic - Smaller paychecks in 2013?

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It is currently Sat Sep 20, 2014 4:58 pm




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 Post subject: Re: America's CEOs Want You to Work Until You're 70
PostPosted: Tue Jan 22, 2013 2:03 pm 

Joined: Fri May 04, 2012 2:23 pm
Posts: 810
DoingHomework wrote:
Bichon Frise wrote:
Wait until I rule the world and impose my VAT, with a couple of % going to SS. Means tested. On everyone. Herman Cain was made to look like a cuk, but I did like his tax plan.


I'll show you! I just won't buy anything! Ha! I've already got most of the stuff I need. I'll just catch a few fish, pick a few papayas for breakfast, and maybe buy a bag of rice now and then. But thanks for taxing the young workers who still need to buy stuff and go to work. That's teach them to be born at the wrong time.

Seriously though, I think a VAT makes some sense and that it is inevitable. But it disproportionately taxes younger people who are still "feathering their nest" and lets retirees off the hook to a large extent because their IRA withdrawals are not taxed as highly as they otherwise would need to be. So selfishly I like it. But I don't think it is the best thing for the country.


compared to retirees who don't pay any taxes already? Just a guess, but many in their older years probably pay very little in tax, especially with the 0% LTCG/Div.

Of course, half the country doesn't pay income tax. VAT. No way around it. Until they write a 'VAT refund' for those below a certain income level.

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Bichon Frise

"If you only have 1 year to live, move to Penn...as it will seem like an eternity."


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 Post subject: Re: Smaller paychecks in 2013?
PostPosted: Sun Feb 10, 2013 4:33 pm 

Joined: Fri May 04, 2012 2:23 pm
Posts: 810
Here's the "blog post" I wrote for a friend. If any are interested.

http://yourpfpro.com/an-argument-for-the-social-security-program-to-continue/

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Bichon Frise

"If you only have 1 year to live, move to Penn...as it will seem like an eternity."


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 Post subject: Re: Smaller paychecks in 2013?
PostPosted: Sun Feb 10, 2013 7:44 pm 

Joined: Sun Feb 10, 2013 2:14 pm
Posts: 7
I posted on another thread, but one thing I am doing this year was cutting or changing services like internet and TV. If it makes sense, a refi might also be an option. Those two things for me will help me make back the 1500 or so I will missing this year compared to last.

In a broader sense, I think this 2% is going to have bigger impact than people realize. The holiday was fun while it lasted :) but I will not be surprised if we see a significant slow down in the economy this year....again.


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 Post subject: Re: Smaller paychecks in 2013?
PostPosted: Fri Feb 15, 2013 12:17 pm 

Joined: Fri May 04, 2007 8:14 pm
Posts: 1912
New article, http://finance.yahoo.com/news/5-ways-fix-social-security-201933557.html. Just food for thought and if anybody likes, discussion as well.


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 Post subject: Re: Smaller paychecks in 2013?
PostPosted: Mon Feb 18, 2013 10:20 pm 

Joined: Sat Feb 16, 2013 4:27 am
Posts: 4
In the current situation when mostly people are unemployed or under employed there are hurdles to save the money.Because you don't have much income as compare to expenses.In this year i also can't save much but due to some part time work i can get some money to save...


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