Yay! Payroll tax vote fails!

[CountDeMoney]

Senate shits on the payroll tax extension vote.  Enjoy those extra taxes, kids!

Except those of you making more than $1m a year, of course.  That means you, Lemonjello.

[Neil]

Excellent.

[Monoriu]

I spent the last few minutes imagining what life would be like with a US$1 million per annum income.

Then I came back to reality

[Warspite]

I spent the last few minutes imagining what life would be like with a US$1 million per annum income.

Then I came back to reality

Why, are you on 2 million? Show off.

[Admiral Yi]

Hooray!

[Grey Fox]

More Taxes in America is always a good thing even when the super rich don't pay any.

[alfred russel]

I spent the last few minutes imagining what life would be like with a US$1 million per annum income.

Then I came back to reality

Let me guess: the same frugal existance as you have now, only with a much larger bank account.

[DGuller]

Good decision, IMO.  That money is better spent on capital gains tax cuts.  We need to encourage job-creators, not job-takers.  Having so many job-takers is why we have such a high unemployment rate.

[Grey Fox]

Good decision, IMO.  That money is better spent on capital gains tax cuts.  We need to encourage job-creators, not job-takers.  Having so many job-takers is why we have such a high unemployment rate.

Private Enterprise don't create jobs when there is so much incertainity. You guys need the Federal government to threaten private enterprise to spend their accumulated wealth or have it ceased.

Apple is sitting on 70$+ billions. Make them spend it or take it away.

[DontSayBanana]

Good decision, IMO.  That money is better spent on capital gains tax cuts.  We need to encourage job-creators, not job-takers.  Having so many job-takers is why we have such a high unemployment rate.

Won't happen, and even if it did, it wouldn't show up until after the elections.  After Warren Buffet's comments, the already low rates for capital gains are a political football, so I'll bet dollars to donuts they won't touch it in an election year.

[Admiral Yi]

Good decision, IMO.  That money is better spent on capital gains tax cuts.  We need to encourage job-creators, not job-takers.  Having so many job-takers is why we have such a high unemployment rate.

  The temporary reduction in payroll taxes had nothing to do with motivating job seekers, it was about boosting demand.

What kind of idiot says to himself, I would love to go get a job if only those pesky payroll taxes were 2% lower?

[MadImmortalMan]

Good decision, IMO.  That money is better spent on capital gains tax cuts.  We need to encourage job-creators, not job-takers.  Having so many job-takers is why we have such a high unemployment rate.

Private Enterprise don't create jobs when there is so much incertainity. You guys need the Federal government to threaten private enterprise to spend their accumulated wealth or have it ceased.

Apple is sitting on 70$+ billions. Make them spend it or take it away.

Or we could pass a law saying we won't pass any laws for the next two years. That would alleviate some uncertainty.

[Grey Fox]

So it's uncertainty?

I hesitated a long time between the two.

You couldn't pass that law.

[viper37]

Good decision, IMO.  That money is better spent on capital gains tax cuts.  We need to encourage job-creators, not job-takers.  Having so many job-takers is why we have such a high unemployment rate.

Private Enterprise don't create jobs when there is so much incertainity. You guys need the Federal government to threaten private enterprise to spend their accumulated wealth or have it ceased.

Apple is sitting on 70$+ billions. Make them spend it or take it away.

he's sarcastic...

[viper37]

  The temporary reduction in payroll taxes had nothing to do with motivating job seekers, it was about boosting demand.

What kind of idiot says to himself, I would love to go get a job if only those pesky payroll taxes were 2% lower?

More, but not exclusively about boosting demand.
Lower payroll taxes means more people are incline to declared their wages instead of working for cash only.
Also a way to equilibrate the fiscality between lower working class and higher class living of capital gains & dividends wich are subjected to lower taxes.