Smaller paychecks in 2013?

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Bichon Frise
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Re: America's CEOs Want You to Work Until You're 70

Postby Bichon Frise » Tue Jan 22, 2013 2:03 pm

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.
Bichon Frise

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

avocado wrote:Good to see you back, I was starting to miss your incisive commentary!

Bichon Frise
Posts: 1106
Joined: Fri May 04, 2012 2:23 pm
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Re: Smaller paychecks in 2013?

Postby Bichon Frise » Sun Feb 10, 2013 4:33 pm

Here's the "blog post" I wrote for a friend. If any are interested.

http://yourpfpro.com/an-argument-for-th ... -continue/
Bichon Frise

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

avocado wrote:Good to see you back, I was starting to miss your incisive commentary!

KayakFunInTheFun
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Re: Smaller paychecks in 2013?

Postby KayakFunInTheFun » Sun Feb 10, 2013 7:44 pm

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.

VinTek
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Re: Smaller paychecks in 2013?

Postby VinTek » Fri Feb 15, 2013 12:17 pm

New article, 5 Ways to Fix Social Security. Just food for thought and if anybody likes, discussion as well.

Beckett
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Re: Smaller paychecks in 2013?

Postby Beckett » Mon Feb 18, 2013 10:20 pm

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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