Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: What the hell is Barack Obama's presidency for? [View all]ProSense
(116,464 posts)98. ...
The Stimulus worked.
http://www.democraticunderground.com/10024539986
Krugman: Obama and the One Percent
http://www.democraticunderground.com/10024391415
The heatlh care law also raised the payroll tax for high income earners and taxed investment income.
http://www.democraticunderground.com/10024539986
ARRA and the Earned Income Tax Credit
Update May 31, 2013 This page has been updated to reflect the fact that the EITC changes under ARRA, which were to expire at the end of 2012, were extended through December 2017 by the American Taxpayer Relief Act of 2012.
Update Oct. 31, 2011 This page has been updated to reflect the fact that the EITC changes under ARRA, which were to expire at the end of 2010, were extended through December 2012 by the Tax Relief and Job Creation Act of 2010.
The earned income tax credit is a refundable credit intended to help people who work but earn modest incomes. The American Recovery and Reinvestment Act provides a temporary increase in the EITC for taxpayers with three or more qualifying children. In 2013, the maximum EITC for this new category is $6,044. ARRA also increased the beginning point of the phaseout range for the credit for all married couples filing a joint return, regardless of the number of children.
In 2013, the credit begins to phase out at $22,870 for married taxpayers filing a joint return with children and completely phases out at $43,210 for one child, $48,378 for two children and $51,567 for three or more children. For married taxpayers filing a joint return with no children, the credit begins to phase out at $13,310 and completely phases out at $19,680.
These changes applied to 2009 and 2010 tax returns under ARRA, and were extended by the Tax Relief and Job Creation Act of 2010 to apply to 2011 and 2012 tax returns. The American Taxpayer Relief Act of 2012 extended these temporary ARRA increases for five years through December 2017.
http://www.irs.gov/uac/ARRA-and-the-Earned-Income-Tax-Credit
Update May 31, 2013 This page has been updated to reflect the fact that the EITC changes under ARRA, which were to expire at the end of 2012, were extended through December 2017 by the American Taxpayer Relief Act of 2012.
Update Oct. 31, 2011 This page has been updated to reflect the fact that the EITC changes under ARRA, which were to expire at the end of 2010, were extended through December 2012 by the Tax Relief and Job Creation Act of 2010.
The earned income tax credit is a refundable credit intended to help people who work but earn modest incomes. The American Recovery and Reinvestment Act provides a temporary increase in the EITC for taxpayers with three or more qualifying children. In 2013, the maximum EITC for this new category is $6,044. ARRA also increased the beginning point of the phaseout range for the credit for all married couples filing a joint return, regardless of the number of children.
In 2013, the credit begins to phase out at $22,870 for married taxpayers filing a joint return with children and completely phases out at $43,210 for one child, $48,378 for two children and $51,567 for three or more children. For married taxpayers filing a joint return with no children, the credit begins to phase out at $13,310 and completely phases out at $19,680.
These changes applied to 2009 and 2010 tax returns under ARRA, and were extended by the Tax Relief and Job Creation Act of 2010 to apply to 2011 and 2012 tax returns. The American Taxpayer Relief Act of 2012 extended these temporary ARRA increases for five years through December 2017.
http://www.irs.gov/uac/ARRA-and-the-Earned-Income-Tax-Credit
Krugman: Obama and the One Percent
http://www.democraticunderground.com/10024391415
The heatlh care law also raised the payroll tax for high income earners and taxed investment income.
Net Investment Income Tax
A new Net Investment Income Tax goes into effect starting in 2013. The 3.8 percent Net Investment Income Tax applies to individuals, estates and trusts that have certain investment income above certain threshold amounts. The IRS and the Treasury Department have issued proposed regulations on the Net Investment Income Tax. Comments may be submitted electronically, by mail or hand delivered to the IRS. For additional information on the Net Investment Income Tax, see our questions and answers.
Additional Medicare Tax
A new Additional Medicare Tax goes into effect starting in 2013. The 0.9 percent Additional Medicare Tax applies to an individuals wages, Railroad Retirement Tax Act compensation, and self-employment income that exceeds a threshold amount based on the individuals filing status. The threshold amounts are $250,000 for married taxpayers who file jointly, $125,000 for married taxpayers who file separately, and $200,000 for all other taxpayers. An employer is responsible for withholding the Additional Medicare Tax from wages or compensation it pays to an employee in excess of $200,000 in a calendar year. The IRS and the Department of the Treasury have issued proposed regulations on the Additional Medicare Tax. Comments may be submitted electronically, by mail or hand delivered to the IRS. For additional information on the Additional Medicare Tax, see our questions and answers.
http://www.irs.gov/uac/Affordable-Care-Act-Tax-Provisions
A new Net Investment Income Tax goes into effect starting in 2013. The 3.8 percent Net Investment Income Tax applies to individuals, estates and trusts that have certain investment income above certain threshold amounts. The IRS and the Treasury Department have issued proposed regulations on the Net Investment Income Tax. Comments may be submitted electronically, by mail or hand delivered to the IRS. For additional information on the Net Investment Income Tax, see our questions and answers.
Additional Medicare Tax
A new Additional Medicare Tax goes into effect starting in 2013. The 0.9 percent Additional Medicare Tax applies to an individuals wages, Railroad Retirement Tax Act compensation, and self-employment income that exceeds a threshold amount based on the individuals filing status. The threshold amounts are $250,000 for married taxpayers who file jointly, $125,000 for married taxpayers who file separately, and $200,000 for all other taxpayers. An employer is responsible for withholding the Additional Medicare Tax from wages or compensation it pays to an employee in excess of $200,000 in a calendar year. The IRS and the Department of the Treasury have issued proposed regulations on the Additional Medicare Tax. Comments may be submitted electronically, by mail or hand delivered to the IRS. For additional information on the Additional Medicare Tax, see our questions and answers.
http://www.irs.gov/uac/Affordable-Care-Act-Tax-Provisions
Edit history
Please sign in to view edit histories.
122 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
Same as the British Prime Minister position. Blair has become immensely richer. It's The Way.
WinkyDink
Feb 2014
#34
I heard "gold or lead" about the proposition given to new federalis in Mexico by the drug cartels
yurbud
Mar 2014
#110
If the Republican Party (as a brand) is dying it has nothing to do with the Democrats.
Boomerproud
Feb 2014
#68
And appointed many of them to positions of power which the people threw them out of.
sabrina 1
Feb 2014
#94
What are you talking about? They were dead in 2006 and 2008. Now they're in charge again
Doctor_J
Feb 2014
#75
if by that you mean that it has moved the party Tea Bagger-right...
WhaTHellsgoingonhere
Mar 2014
#114
Don't you think if Obama thought he could get universal healthcare or Medicare for all passed
kelliekat44
Feb 2014
#27
Yes, they blamed your insurance company, never said you don't deserve relief.
uppityperson
Feb 2014
#66
I still don't agree. I blame politicians taking massive cash from insurance companies
pragmatic_dem
Feb 2014
#82
My health insurance premiums raised every yr, as did deductibles and copays, until the ACA kicked in
uppityperson
Feb 2014
#83
both parties are taking too much corporate cash, it is corrupting public policy
pragmatic_dem
Feb 2014
#88
that's why we need pragmatic voices, not conservative ideas from 1980 squating in space
pragmatic_dem
Feb 2014
#97
Agree - Obama/Democratic Party hasn't built brand trust, middle class left behind
pragmatic_dem
Feb 2014
#60
We win the initial conflict in most wars we fight but then we try to rebuild the nations ...
spin
Feb 2014
#80
nope, the original plan they had was going to be worse, they switched this year, best they could do
pragmatic_dem
Feb 2014
#41
Did you seek an alternative to your corporate plan on the healthcare.gov website? n/t
Tanuki
Feb 2014
#71
I don't own the company where I work which is rather huge with many thousands of employees - however
pragmatic_dem
Mar 2014
#117
Exactly!! Using the financial meltdown as excuse to NOT do healthcare reform
Pretzel_Warrior
Feb 2014
#4
ACA for one. To hasten the downfall of the repubs is another. Endorse marriage equality.
uppityperson
Feb 2014
#5
Oh give it a rest. Let's see health care reform, civil rights reform, Lily ledbetter act, climate
okaawhatever
Feb 2014
#6
First and foremost is was to protect the Banksters from prosecution. Then is was to advance the
Vincardog
Feb 2014
#8
if i had a penny for every bitter clown who insists everyone who disagrees with them is a paid
dionysus
Mar 2014
#113
Guess who said this? "...in fact it’s a Republican idea and Governor Romney at the beginning..."
pragmatic_dem
Feb 2014
#22
I don't understand your point - are you saying Obama lied about health care? Romney signed it right?
pragmatic_dem
Feb 2014
#31
Thank you. I also agree I am very clear. Unfortunately, I can't offer you the same complement. -nt
pragmatic_dem
Feb 2014
#47
I don't think I can vote for Obama in 2016, sorry. I just can't. Does that make me a hater?
Electric Monk
Feb 2014
#56
I'm tyring to put his campaign promises and assertions about NAFTA and spying
pragmatic_dem
Feb 2014
#73
The same Lyndon Johnson that gave us the worst conflict in American history?
Drunken Irishman
Feb 2014
#35
To get formerly sane Dems to support union-busting, Heritage Care, torture, KXL, TPP
Doctor_J
Feb 2014
#38
The writer should have made note why Johnson didn't run for re-election in 1968
BumRushDaShow
Feb 2014
#62
It's for asking whether or not the Obama presidency is any use to the left wing
sibelian
Mar 2014
#120
Just like anyother Presidents Job, kicking the can down the road for the 1%
wocaonimabi
Feb 2014
#102
To ensure that the powerful remain in power and to expand that power wherever possible.
Egalitarian Thug
Feb 2014
#106
He could have answered his own question if he looked at the monthly jobs chart. nt
stevenleser
Mar 2014
#115