Tag Archives: Taxes

Despite Economic Crisis, Congress gets Pay Raise

cashflow Here’s something that makes absolutely no sense whatsoever:

Despite the country’s economic meltdown, Congress is about to receive an automatic $4,700 pay raise on Thursday — a 2.8 percent increase over the current $169,300 salary for most members.

Maybe it’s just me, but I don’t get an automatic pay raise every year, do you?  Shouldn’t something like this be tied to, oh, I don’t know, an approval rating or something?  How come the same (mostly liberal democrats) get all up in arms about executives that get pay increases despite poor business performances, but let something like this slide?

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Filed under common sense, Economy, Government, Politics, Spending money, Taxes

Thanks, America – You Just Cost Me $223 to $1601 a Year…

200022054-002 It’s a little late, but I found this article on WalletPop that tries to summarize what a McCain or Obama Presidency could mean to your taxes.  And while for the Middle Class, both candidates’ tax plans actually show a decrease in income taxes, the results of last night’s election could have made our bottom line a bit better.

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Filed under Government, Politics, Taxes

Middle Class Hero: Needles, CA

73069089[EDITORS NOTE:  This post was originally presented as a Comment by TheMiddleClassBlog’s newest author, Dan Dafler.  Expect more great rants articles from Dan!]

In an age where elected officials ignore constituencies while doing the bidding of big money donors like George Soros its refreshing to see a public official standing up for his people. They city council of Needles, California should be given a middle class hero award. They want to secede from California and become part of Arizona or Nevada. They want to secede because of “Heart of America” issues such as high taxes, gas prices and regulations that strangle growth. View the Fox News file in case you missed it: http://www.yahoo.com/s/907491

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$41.8 Million to Let You Know the Check’s in the Mail

Head in MailIn another wise move, the IRS has sent out notices to 130 million taxpayers, about their share of the $168 billion stimulus package passed by Congress earlier this year.  But doing so cost you, the taxpayers, another $41.8 Million.  TheMiddleClassBlog.com got their notice today!  Keep reading to find out what it said! Continue reading

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Filed under Government, Spending money, Taxes

Ready for Higher Taxes? Congress Thinks You Are!

CapitolMoneyAs was mentioned in a previous post, Congress has the power to set the country’s financial affairs.  That includes how much money comes in (through your income tax) and how much money goes out (for things like the military, social programs, and infrastructure).  This decision is made every year through the process of voting on a Federal budget, and it just so happens to be that time again.  So what are the boys and girls in the Capitol doing this time around?  Here’s a clue – “Tax cuts?  We don’t need no stinkin’ tax cuts!” Continue reading

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Filed under Government, Taxes

Pop Quiz – Which One of These Kids can Lower Your Taxes?

Three In One

Which candidate will lower your taxes if elected President?  The answer: D – None of the Above.  But it’s not about their platform or what party they represent, it’s all about the law of the land.

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Filed under Government, Taxes