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Since when is government spending 6.5 Billion! I think the author means 6.5 Trillion. The government probably spends 6.5 billion in a couple weeks,
Edited: I am sorry. The article said 3.5 Billion. This is even more ridiculous.
I commented on a similiar article previously regarding the statement that these distributions from partnerships are not taxable until sold. True, the cash distributions from partnership are not taxable, per se, but the Schedule K-1 you receive as a partner while show your share of the partnership income it earned. Thi...more
Obama should never have lowered the payroll deductions for Social Security (FICA) in the first place, hence decreasing the funding for the Social Security funds for retires. I am happy they have restored this payroll tax. BTW it is not an income tax!!!!
This article is like politics. It does not furnish us with details as to why the increase in taxes. Why is the increase in tax for the lowest taxpayers income $412? Is it due to increased tax rates? Lower deductions. ???? I don't have deductions! I wish more explanations be put into these articles.
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