Sunday, January 13, 2013

Obama Tax Increase: For Archival Purposes...

Way back in the 1990s, when Bill Clinton foisted the largest tax increase in US history on the middle class, folks on the left steadfastly refused to admit that, in fact, this was a tax increase on middle class America.While debating with folks in the late 1990s, I remembered that I had seen a decrease in my take-home pay, but couldn't back it up with hard data.

Hence the purpose of this post.

I just checked my automatic deposit from work. My pay decreased $35.50 in 2013 from 2012 - so $71 a month less I'm taking home. The Mrs. is about the same, so this decidedly middle class family just lost close to $150 a month in take-home pay (so figure about $200 a month gross). Not a huge percentage of our overall income, but it's certainly noticeable.

I suppose Obama will blame George Bush, since these were the Bush tax cuts that Obama allowed to expire and all. Seems like all he's done, economically, is blame Bush - despite having had a complete lock on the House and Senate his first two years in office and a lock on the Senate the entire time. But we're supposed to buy, four years later, that the bad economy is Bush's fault.

Funny, that. I remember folks blaming Bush for both the 9/11 attacks that were planned entirely under Bill Clinton as well as the dot-com implosion which had actually started under Clinton (I know that all too well; I was laid off from my job in January 2000 and was acutely aware of tens of thousands of other layoffs at the time). So, according to the leftists and mainstream media (but I repeat myself), if the President in office has an (R) after his name, everything that happened from the day of his election is his fault. If the President has a (D), we're still trying to figure out exactly when *anything* becomes his fault.

$150 a month less take-home pay. And that's the figure *after* the "compromise" on the "fiscal cliff" agreement (and let me reassure you, the Mrs. and I are nowhere near the $450K cutoff for tax increases. Not even by a quarter). A lot of folks have posted various tweets and such from folks shocked that their taxes have gone up, mostly to laugh at those who blithely supported Obama and are shocked when his policies cost them money... Well, get used to it, bub.

It ain't gettin' any better, not for the next four years at least...

That is all.

11 comments:

ShallNotBeInfringed said...

Jay,
You're forgetting the cost of a gallon of gas, diesel, and milk. Those hit the lower and middle classes harder than anyone else!
Thank you Bary-big-fat-liar Obama.

ShallNotBeInfringed said...

Oh and don't get me started on the cost of ammo since we started letting the dem-o-craps run things......

Chris in TX said...

That'd be funny as hell.

"It's Bush's fault you're not getting that money any more, 'cause if we'd had our way you'dve never gotten that money in the first place!"

Anonymous said...

Amen brother! I have heard from the ardent lefties that I work with that they are getting less in their paychecks...and I just tell them, "welcome to the Obama tax HIKES"
We, the enlightened conservatives, have to continue to make the lefties aware of who is to blame for their lighter checks. We need to be ready to name their loss! Stop using "the Bush tax cuts" and start using "the Obama tax hikes".
The low level voters are not going to understand eloquent discussions aobut tax policy...they will only respond to an actually highjacking of their monies.

Steve

NotDilbert said...

I's only begining........ Just wait until people start to fill out thier Tax returns and discover that that the reduction in witholding ( the so called Obama Tax cut) that they've been spending all year didn't change the amount due and now that refund that they count on every year is suddenly a $ 1,000 Tax Bill.

That's when the screaming "Blame Bush" will really start.

Roger said...

I find it entertaining to hear the lefties that voted for the obungler now whining and moaning about their "new" taxes.
Then I tell them that they ain't seen nuthin yet. There's more and more obungler taxes on the way.
Then I remind them that they did it to themselves with their vote.

Ken O said...

I feel you Jay. Under the Obama administration my high mark earnings have been 68% of what I made under Bush.

SJ said...

I don't think this decrease is the result of the fiscal-cliff legislation.

I think it's the phase-out on that temporary SS-tax holiday that was part of Obama's stimulus package in 2009.

Either way, I see it in my paycheck, too.

8Notch said...

Whenever I hear people talk about the end of the "Bush tax cuts" and the restoration of whatever the media says is the "proper" tax rates, it always reminds me of someone trying to sell a house insisting on the 2007 price because that's what it is REALLY worth. If the rate is going up it is a tax hike, a change is a change.

Anonymous said...

I remember the Clinton kick. My folks got hit with a retroactive tax bill that sent them scrambling. That year, they sent out much smaller charitable donations and many more refusals, each with a little note inclosed explaining that due to the tax increase, they had less money to give. Wonder what would happen if a whole lot of people started doing that to corporations as well as charities. "Please take me off your mailing/e-mail list. We have much less discretionary income this year because of the new taxes."

LittleRed1

Dirk said...

SJ is right - it's the SS tax holiday expiring. That one got absolutely zero attention until after it was all said and done, and then I got a notice from HR saying that my check would be smaller due to that change. As I recall, the expiration of that "holiday" changed the withholding from 4.2% back to the original 6.2%.