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Solice
11-08-10, 23:34
In just a few months, on January 1, 2011, the largest tax hikes in the history of America will take effect.



They will hit families and small businesses in three great waves.



On January 1, 2011, hereís what happens... (read it to the end, so you see all three waves)...







First Wave:





Expiration of 2001 and 2003 Tax Relief



In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families.



These will all expire on January 1, 2011.







Personal income tax rates will rise.



The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed).



The lowest rate will rise from 10 to 15 percent.



All the rates in between will also rise.





Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates.





The full list of marginal rate hikes is below:

The 10% bracket rises to an expanded 15%



The 25% bracket rises to 28%



The 28% bracket rises to 31%



The 33% bracket rises to 36%



The 35% bracket rises to 39.6%







Higher taxes on marriage and family.



The "marriage penalty" (narrower tax brackets for married couples) will return from the first dollar of income.





The child tax credit will be cut in half from $1000 to $500 per child.





The standard deduction will no longer be doubled for married couples relative to the single level.





The dependent care and adoption tax credits will be cut.





The return of the Death Tax.



This year only, there is no death tax. (Itís a quirk!) For those dying on or after January 1, 2011, there is a 55 percent

top death tax rate on estates over $1 million. A person leaving behind two homes, a business, a retirement account, could easily pass along a death tax bill to their loved ones. Think of the farmers who donít make much money, but their land, which they purchased years ago with after-tax dollars, is now worth a lot of money. Their children will have to sell the farm, which may be their livelihood, just to pay the estate tax if they donít have the cash sitting around to pay the tax. Think about your own familyís assets. Maybe your family owns real estate, or a business that doesnít make much money, but the building and equipment are worth $1 million. Upon their death, you can inherit the $1 million business tax free, but if they own a home, stock, cash worth $500K on top of the $1 million business, then you will owe the government $275,000 cash! Thatís 55% of the value of the assets over $1 million! Do you have that kind of cash sitting around waiting to pay the estate tax?







Higher tax rates on savers and investors.



The capital gains tax will rise from 15 percent this year to 20 percent in 2011.



The dividends tax will rise from 15 percent this year to 39.6 percent in 2011.



These rates will rise another 3.8 percent in 2013.







Second Wave:



Obamacare





There are over twenty new or higher taxes in Obamacare. Several will first go into effect on January 1, 2011. They include:







The "Medicine Cabinet Tax"



Thanks to Obamacare, Americans will no longer be able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin).





The "Special Needs Kids Tax"



This provision of Obamacare imposes a cap on flexible spending accounts (FSAs) of $2500 (Currently, there is no federal government limit). There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children.



There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education.



Tuition rates at one leading school that teaches special needs children in Washington , D.C. ( National Child Research Center ) can easily exceed $14,000 per year.



Under tax rules, FSA dollars cannot be used to pay for this type of special needs education.





The HSA (Health Savings Account) Withdrawal Tax Hike.



This provision of Obamacare increases the additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent.









Third Wave:



The Alternative Minimum Tax (AMT) and Employer Tax Hikes



When Americans prepare to file their tax returns in January of 2011, they'll be in for a nasty surprise - the AMT won't be held harmless, and many tax relief provisions will have expired.



The major items include:





The AMT will ensnare over 28 million families, up from 4 million last year.



According to the left-leaning Tax Policy Center, Congress' failure to index the AMT will lead to an explosion of AMT taxpaying families-rising from 4 million last year to 28.5 million. These families will have to calculate their tax burdens twice, and pay taxes at the higher level. The AMT was created in 1969 to ensnare a handful of taxpayers.





Small business expensing will be slashed and 50% expensing will disappear.



Small businesses can normally expense (rather than slowly-deduct, or "depreciate") equipment purchases up to $250,000.



This will be cut all the way down to $25,000. Larger businesses can currently expense half of their purchases of equipment.



In January of 2011, all of it will have to be "depreciated."





Taxes will be raised on all types of businesses.



There are literally scores of tax hikes on business that will take place. The biggest is the loss of the "research and experimentation tax credit," but there are many, many others. Combining high marginal tax rates with the loss of this tax relief will cost jobs.





Tax Benefits for Education and Teaching Reduced.



The deduction for tuition and fees will not be available.



Tax credits for education will be limited.



Teachers will no longer be able to deduct classroom expenses.



Coverdell Education Savings Accounts will be cut.



Employer-provided educational assistance is curtailed.



The student loan interest deduction will be disallowed for hundreds of thousands of families.





Charitable Contributions from IRAs no longer allowed.



Under current law, a retired person with an IRA can contribute up to $100,000 per year directly to a charity from their IRA.



This contribution also counts toward an annual "required minimum distribution." This ability will no longer be there.







PDF Version Read more: <http://www.atr.org/six-months-untilbr-largest-tax-hikes-a5171>; http://www.atr.org/six-months-untilb...3ixzz0sY8waPq1





And worse yet?





Now, your insurance will be INCOME on your W2's!



One of the surprises we'll find come next year, is what follows - - a little "surprise" that 99% of us had no idea was included in the"new and improved" healthcare legislation . . . the dupes, er, dopes, who backed this administration will be astonished!



Starting in 2011, (next year folks), your W-2 tax form sent by your employer will be increased to show the value of whatever health insurance you are given by the company. It does not matter if that's a private concern or governmental body of some sort.





If you're retired? So what... your gross will go up by the amount of insurance you get.



You will be required to pay taxes on a large sum of money that you have never seen. Take your tax form you just finished and see what $15,000 or $20,000 additional gross does to your tax debt. That's what you'll pay next year.



For many, it also puts you into a new higher bracket so it's even worse.







This is how the government is going to buy insurance for the15% that don't have insurance and it's only part of the tax increases.



Not believing this??? Here is a research of the summaries.....



On page 25 of 29: TITLE IX REVENUE PROVISIONS- SUBTITLE A: REVENUE OFFSET PROVISIONS-(sec. 9001,

as modified by sec. 10901) Sec.9002 "requires employers to include in the W-2 form of each employee the aggregate cost of applicable employer sponsored group health coverage that is excludable from the employees gross income."

- Joan Pryde is the senior tax editor for the Kiplinger letters.

- Go to Kiplingers and read about 13 tax changes that could affect you. Number 3 is what is above.

Super Badnik
11-08-10, 23:46
Didn't read all that, but whoa, dosen't sound too good for the American people.

Minty Mouth
11-08-10, 23:48
There are far too many extraneous spaces in that post for it to be readable! :eek:

But, yeah. I didn't even know the US taxes were going up. Shows how much attention I have been paying to world affairs!

aktrekker
11-08-10, 23:59
^Agreed. Need to get rid of most of those blank lines. Please edit it so people can read it.

Alpharaider47
12-08-10, 00:21
Wowza isn't that lovely. If there's one thing that ****es Americans off more than anything it's taxes :p
Hey and dad said I wouldn't want to live in England because of taxes :vlol:

knightgames
12-08-10, 00:33
^Agreed. Need to get rid of most of those blank lines. Please edit it so people can read it.


I had no problem reading it. As a matter of fact each 'space' gave me the extra bit of time to digest the statistic while adding the next tax on the list. The desired effect?

All brought to you by the tax cheat Tim Geitner. 2012 can't come fast enough.

Mad Tony
12-08-10, 00:33
Well how else did you expect Obama to pay for all his spending? He's going to easily rack up more debt than bush did in just his first term!

SamReeves
12-08-10, 00:47
Ah, good work socialists of America. King Obama is taxing you without any representation.

http://lookpic.com/d2/i2/1519/ksfVRrbZ.jpeg

Mad Tony
12-08-10, 00:51
Am I the only one here who thinks Obama's chances of losing the next election are pretty slim?

Alpharaider47
12-08-10, 00:51
Well how else did you expect Obama to pay for all his spending? He's going to easily rack up more debt than bush did in just his first term!
Ah, good work socialists of America. King Obama is taxing you without any representation.

http://lookpic.com/d2/i2/1519/ksfVRrbZ.jpeg[/IMG]

"People of America, I would like to take this moment of your time to inform you that the coming taxes, spending, and increase to the national debt that are occurring and will continue to occur on my watch, are the work of the former administration and, more importantly, George Bush."

:D

peeves
12-08-10, 01:15
That's not so great of an idea for this to happen. This might affect the economy even worse. :(

Solice
12-08-10, 01:44
Am I the only one here who thinks Obama's chances of losing the next election are pretty slim?

He will likely suffer Carter's fate in 1980.

"It's about the economy" - Bill Clinton regarding election results

Draco
12-08-10, 02:31
Don't steal, the government doesn't like competition.

Ward Dragon
12-08-10, 03:05
On the plus side, the tax increases won't affect me because I can't find a ****ing job XD

Alpharaider47
12-08-10, 03:32
On the plus side, the tax increases won't affect me because I can't find a ****ing job XD

Hehe I'm in the same boat

aktrekker
12-08-10, 03:48
It'll only get worse over the next 2 years. Until we get rid of Obama.
I'm surprised nobody has claimed he's the antichrist. :vlol:

Anyway, Congress could still vote to extend some of the tax breaks.

Ward Dragon
12-08-10, 03:53
Anyway, Congress could still vote to extend some of the tax breaks.

With Pelosi in charge? Not likely. Maybe after November though...

Alpharaider47
12-08-10, 03:58
It'll only get worse over the next 2 years. Until we get rid of Obama.
I'm surprised nobody has claimed he's the antichrist. :vlol:


There's still time for that!

scoopy_loopy
12-08-10, 04:03
Well fingers crossed this "works" for the economy. :o (I still like Obama!)

voltz
12-08-10, 04:24
I'm all for kicking Obama out, but I'm also not too keen on letting republicans back in office after what they set us up with during George's reign.

interstellardave
12-08-10, 04:24
as modified by sec. 10901) Sec.9002 "requires employers to include in the W-2 form of each employee the aggregate cost of applicable employer sponsored group health coverage that is excludable from the employees gross income."

This states that it must be reported... it doesn't say it's included in taxable income.

NOTE: If anyone has proof that my interpretation is wrong I don't want to see it. I don't want to be further depressed right now!

Solice
12-08-10, 05:21
I'm all for kicking Obama out, but I'm also not too keen on letting republicans back in office after what they set us up with during George's reign.

That is the problem. Which group of wretched scum and villainy do you want in charge?

Alpharaider47
12-08-10, 08:22
That is the problem. Which group of wretched scum and villainy do you want in charge?
tbh, neither. I think we need to just kick *everybody* out and start completely fresh, clean slate.

Cochrane
12-08-10, 10:40
I didnít read all that. But you canít honestly expect a government to cut the deficit while at the same time maintaining tax cuts. That is just wishful thinking.

Dustie
12-08-10, 10:57
It looks like a hell load of taxes about to hit massively... have the tax brackets always been this high in the USA? No wonder some people turn anti-government, avoid taxes and seek tax-sheltering schemes, when so much of your hard-earned money is literally taken away with the excuse of 'running' the country. 40% of income? That's horrible. I understand paying for healthcare, education, public services like police and fire departments and all the stuff we really do need, but it seems like there's way, way too much money being spent on paperwork and people doing it...

jaywalker
12-08-10, 11:01
As always people assume that when new people take over office that all financial situations and tax issues are wiped clean so everything done is PURELY based on the people just elected.. Jeez come on.. most of this stuff would have been going thru LONG before Obama was even a candidate.

Look at Condem in UK, they're being slammed for cutting this and that, but why are they having to cut it, to try and repair the complete mess left by the previous government, which of course will lead back to the previous government to them, its a never ending cycle of blame game.. but if u have a real beef with someone its really easy to forget facts and reasons :)

oh and there is no need to space out the post so much.. giving u time to take it in? surely your eyes/mind does that when u stop actually reading the sentences :)

Mad Tony
12-08-10, 11:01
I didnít read all that. But you canít honestly expect a government to cut the deficit while at the same time maintaining tax cuts. That is just wishful thinking.Oh how did I know you'd be in favor of huge tax hikes? :p

There's a difference here. Some tax rises might be necessary but not drastic ones. Besides, by the looks of it Obama isn't even trying to cut spending.

scoopy_loopy
12-08-10, 11:12
To be fair, I don't really think Obama has been wasteful - national healthcare can hardly be considered a luxury either; to be honest when I heard all the fuss about it, I was shocked the US didn't already have it.

Cochrane
12-08-10, 11:30
Oh how did I know you'd be in favor of huge tax hikes? :p

There's a difference here. Some tax rises might be necessary but not drastic ones. Besides, by the looks of it Obama isn't even trying to cut spending.

Who said I was in favor of drastic tax hikes? As I said, I didnít actually read all of the original post. :D

Generally speaking, though, Obama has to implement national health care for the first time (like it or not, but thatís part of what he was elected for) and deal with a horrible deficit, much of which was already in place long before he was in office. If you expect him to keep tax cuts that were already highly controversial under Bush, you would be delusional. And I donít think it is unreasonable to increase at least some taxes even then. Is Obama going too far? To be honest, I donít really care. I am rather upset that the german government is not even raising the taxes that I donít pay (e.g. tobacco) despite cutting all sorts of stuff, but that is a different issue.

What I would support would be drastic tax increases on gasoline in the US. I think a different approach to mobility there would help both the US in the long term and, with global warming and all, the rest of the world. But that is a very different issue.

Ward Dragon
12-08-10, 11:45
It looks like a hell load of taxes about to hit massively... have the tax brackets always been this high in the USA?

Yes, they were this high for around twenty years before Bush's tax cuts took effect. They were much, much higher at various points over the previous century (with the highest tax bracket ranging from around 50% to over 90% depending upon the condition of the country, whether war was taking place, etc.).

There's also the state income taxes to take into account. In addition to the federal taxes listed in the first post, each individual state takes it's own taxes (roughly 5-10% depending upon which state it is).

To be fair, I don't really think Obama has been wasteful - national healthcare can hardly be considered a luxury either; to be honest when I heard all the fuss about it, I was shocked the US didn't already have it.

The problem is that Obama's plan isn't national healthcare, at least not the way other countries do it. His plan is basically to tax the living daylights out of us and then throw us in prison for tax evasion if we don't buy our own healthcare. So if I've got to buy it myself anyway, why the hell am I paying more taxes to the government for "national healthcare"? :hea:

What I would support would be drastic tax increases on gasoline in the US. I think a different approach to mobility there would help both the US in the long term and, with global warming and all, the rest of the world. But that is a very different issue.

Maybe this is circular reasoning depending upon how you see it, but I really don't think that a substantial gas tax would work in the US without a good reliable system of public transportation in place. You could argue that the public transportation won't exist until there's a significant need for it such as would happen with the gas tax, and maybe you'd be right, but I think as it is right now that gas tax would cause way too many problems. People are having trouble finding jobs as it is, and outside of the major cities it's extremely rare to have any real form of public transportation, so a high gas tax would make it unaffordable for a lot of people to get to and from work or the grocery store.

interstellardave
12-08-10, 11:52
Who said I was in favor of drastic tax hikes? As I said, I didn’t actually read all of the original post. :D

Generally speaking, though, Obama has to implement national health care for the first time (like it or not, but that’s part of what he was elected for) and deal with a horrible deficit, much of which was already in place long before he was in office. If you expect him to keep tax cuts that were already highly controversial under Bush, you would be delusional. And I don’t think it is unreasonable to increase at least some taxes even then. Is Obama going too far? To be honest, I don’t really care. I am rather upset that the german government is not even raising the taxes that I don’t pay (e.g. tobacco) despite cutting all sorts of stuff, but that is a different issue.

What I would support would be drastic tax increases on gasoline in the US. I think a different approach to mobility there would help both the US in the long term and, with global warming and all, the rest of the world. But that is a very different issue.

Emissions in Southeast Asia are far, far, worse than in the US. You want to help the global environment, that's where you'll get the most improvement right now.

Also, it's quite a bit easier to support "drastic tax increases" on other people, isn't it? People in the US, or German smokers... perhaps I should take a close look at what's happening in Germany... I could probably find some areas where your taxes need to be drastically increased!

Cochrane
12-08-10, 15:13
Maybe this is circular reasoning depending upon how you see it, but I really don't think that a substantial gas tax would work in the US without a good reliable system of public transportation in place. You could argue that the public transportation won't exist until there's a significant need for it such as would happen with the gas tax, and maybe you'd be right, but I think as it is right now that gas tax would cause way too many problems. People are having trouble finding jobs as it is, and outside of the major cities it's extremely rare to have any real form of public transportation, so a high gas tax would make it unaffordable for a lot of people to get to and from work or the grocery store.
Yeah, youíre right, that wouldnít work. Still, from my point of view, transportation in most of the US seems incredibly wasteful, and cheap gas is certainly one of the things that enable this.

Emissions in Southeast Asia are far, far, worse than in the US. You want to help the global environment, that's where you'll get the most improvement right now.

Also, it's quite a bit easier to support "drastic tax increases" on other people, isn't it? People in the US, or German smokers... perhaps I should take a close look at what's happening in Germany... I could probably find some areas where your taxes need to be drastically increased!
Sure. If all tax increases were only on other people, I'd be very happy. But in an ideal world, higher taxes on gas would not mean that people pay more, but rather that theyíd use different forms of transportation instead and eventually pay the same or less. As Ward Dragon pointed out, this is hardly realistic in the US as it is today. Still, I do think that a change of thought about how transportation is handled in the US will be necessary sooner or later.

As for german smokers, Iíll readily admit that I personally donít like them while they are smoking. Nothing personal against any smokers in this thread, of course, but as long as this annoying habit is legal, I think we should get all the money out of it we can.

just croft
12-08-10, 15:24
As always people assume that when new people take over office that all financial situations and tax issues are wiped clean so everything done is PURELY based on the people just elected.. Jeez come on.. most of this stuff would have been going thru LONG before Obama was even a candidate.

Look at Condem in UK, they're being slammed for cutting this and that, but why are they having to cut it, to try and repair the complete mess left by the previous government, which of course will lead back to the previous government to them, its a never ending cycle of blame game.. but if u have a real beef with someone its really easy to forget facts and reasons :)

oh and there is no need to space out the post so much.. giving u time to take it in? surely your eyes/mind does that when u stop actually reading the sentences :)

Someone had to say it and someone had to quote it :tmb:

This is happening all over the world. Most current governments are getting bad publicity for taking extreme measures to solve problems that were not their fault. If it was anyother government in charge they'd better do the same or else the problem is only get bigger and instead of you paying for it now future generations will have to pay a much bigger price.

aktrekker
12-08-10, 16:08
As for german smokers, Iíll readily admit that I personally donít like them while they are smoking. Nothing personal against any smokers in this thread, of course, but as long as this annoying habit is legal, I think we should get all the money out of it we can.
How about a US style tax on beer?

Cochrane
12-08-10, 16:17
How about a US style tax on beer?

Sure, why not?

Alpharaider47
12-08-10, 17:12
As always people assume that when new people take over office that all financial situations and tax issues are wiped clean so everything done is PURELY based on the people just elected.. Jeez come on.. most of this stuff would have been going thru LONG before Obama was even a candidate.

Look at Condem in UK, they're being slammed for cutting this and that, but why are they having to cut it, to try and repair the complete mess left by the previous government, which of course will lead back to the previous government to them, its a never ending cycle of blame game.. but if u have a real beef with someone its really easy to forget facts and reasons :)

oh and there is no need to space out the post so much.. giving u time to take it in? surely your eyes/mind does that when u stop actually reading the sentences :)

Yes, Obamacare is really Bushes fault ;) Once it gets enacted I'm sure that's exactly what he'll say too. If the man would just shut the hell up about Bush... Certainly Bush isn't innocent, but Obama is guilty of plenty too.




The problem is that Obama's plan isn't national healthcare, at least not the way other countries do it. His plan is basically to tax the living daylights out of us and then throw us in prison for tax evasion if we don't buy our own healthcare. So if I've got to buy it myself anyway, why the hell am I paying more taxes to the government for "national healthcare"? :hea:

See and that's total BS, with car insurance you have the option of buying a car or not. With health care, I don't have a choice in being alive in the first place, so why the hell should I pay fines for not having it?

Draco
12-08-10, 21:11
How about the government cuts spending rather than my paycheck? That would do more good for the economy than anything else the government might do.

Sgt BOMBULOUS
12-08-10, 21:24
The system is flawed when it takes the entire productive capacity of a nation just to support it's government. Nothing will be fixed until the whole thing is torn down and rebuilt. America needs to be reformatted... ;)

Mad Tony
12-08-10, 21:25
Why are so many Americans (on the internet anyway) so obsessed with bringing everything down and stating again? You don't need to do that to change things.

Alpharaider47
12-08-10, 21:29
Why are so many Americans (on the internet anyway) so obsessed with bringing everything down and stating again? You don't need to do that to change things.

All I mean is that we need new people. Get rid of everybody who has something to gain in there, start fresh so everybody is on the same playing field. It might not work but it would be nice :p

Sgt BOMBULOUS
12-08-10, 21:31
Why are so many Americans (on the internet anyway) so obsessed with bringing everything down and stating again? You don't need to do that to change things.

There are too many obstacles and safeguards in place to prevent anything from being fixed. Add to this the fact that politicians are so corrupt that doing anything for the good of the people is impossible - All they care about is another term, even if they have to promise something they won't ever deliver.

ozzman
12-08-10, 23:11
thank god i don't work :D even though i'm 18 and should get a job soon. no plans on joining the miltary AT ALL even if forced to , i would refuse,

aktrekker
12-08-10, 23:18
You'd rather spend 20 years in Leavenworth?

Mad Tony
13-08-10, 00:00
thank god i don't work :D even though i'm 18 and should get a job soon. no plans on joining the miltary AT ALL even if forced to , i would refuse,What's the military got to do with anything? :confused:

Alpharaider47
13-08-10, 00:10
What's the military got to do with anything? :confused:

at 18 we have to sign up for the draft if I remember correctly O.o

Mad Tony
13-08-10, 00:18
at 18 we have to sign up for the draft if I remember correctly O.oWhat are you talking about? There is no draft.

Ward Dragon
13-08-10, 00:18
thank god i don't work :D even though i'm 18 and should get a job soon. no plans on joining the miltary AT ALL even if forced to , i would refuse,

The draft doesn't exist anymore, although they still require you to register for it oddly enough -- guess they want to be prepared if Congress passes a new law bringing the draft back. That's highly unlikely to happen though.

Mad Tony
13-08-10, 00:19
The draft doesn't exist anymore, although they still require you to register for it oddly enough -- guess they want to be prepared if Congress passes a new law bringing the draft back. That's highly unlikely to happen though.You sill have to sign up for it?

Oh well, I knew you haven't had the draft for decades now at least.

Alpharaider47
13-08-10, 00:19
What are you talking about? There is no draft.

Check Ward Dragon's post, it's like we have to register for it in case they ever brought it back. It's weird. Yeah I'm not sure what the consequences of not signing up are though =/

interstellardave
13-08-10, 00:21
They system protects itself from being totally overhauled... but I also don't think the system will be torn down. I tend to believe that it will collapse at some point. Then it can be rebuilt.

Sgt BOMBULOUS
13-08-10, 00:51
They system protects itself from being totally overhauled... but I also don't think the system will be torn down. I tend to believe that it will collapse at some point. Then it can be rebuilt.

That's kind of what I meant. I think it will happen in our lifetime.

just croft
13-08-10, 01:06
^^ This reminds me of something... *goes search for it (http://en.wikipedia.org/wiki/Web_Bot)*


Future predictions



November 17, 2010 - The web bot warns of a big tipping point, possibly World War III (http://en.wikipedia.org/wiki/World_War_III).
No warfare between Israel and Iran, at least not until November.
A major tipping point will occur between November 8 Ė 11, 2010, followed by a 2-3 month release period. This tipping point appears to be US-centric, and could be a dramatic world-changing event like 9-11 that will have rippling after-effects. The collapse of the dollar might occur in November.
From July 11, 2010 onward, civil unrest will take place, possibly driven by food prices skyrocketing, and the devaluation of the dollar.
No exact information on the December 14th missile launch (beginning of World War III (http://en.wikipedia.org/wiki/World_War_III)) has been confirmed, but the predictions show it may happen.
A second depression, triggered by mass layoffs, bankruptcies, and the popping of the "derivatives bubble," will see people moving out of cities.
After March 2011, the revolution wave will settle down into a period of reformation.
A "data gap" has been found between early 2012 running through May 2013. One explanation is that "our civilization gets knocked back to a pre-electronic state," such as brought about by devastating solar activity.
A new benign form of capitalism (http://en.wikipedia.org/wiki/Capitalism) will emerge during 2017-2020.



:vlol:

aktrekker
13-08-10, 02:10
A major tipping point will occur between November 8 Ė 11, 2010, followed by a 2-3 month release period. This tipping point appears to be US-centric, and could be a dramatic world-changing event like 9-11 that will have rippling after-effects. The collapse of the dollar might occur in November.

That event would be congress changing hands in the election.


From July 11, 2010 onward, civil unrest will take place, possibly driven by food prices skyrocketing, and the devaluation of the dollar.

It hasn't been that bad.


A second depression, triggered by mass layoffs, bankruptcies, and the popping of the "derivatives bubble," will see people moving out of cities.

I can see that happening.

Alpharaider47
13-08-10, 02:19
I can see that happening.

I think it already *is* happening.

ozzman
13-08-10, 02:30
the problem with the army thing is i can not do anything they order me to do, i will NEVER harm another person, because i'm physicaly unable, but everyone thinks what i have is not major, i have bone spurs in my ankles and knee, they hurt as if it was arthritis, even my former school nurse wouldn't allow me to be a few minutes early because " i was able to make it on time" [srry for being off topic] the raise in taxes means it will be harder for me to get into culinary school as i'm too poor to pay for this stuff

Draco
13-08-10, 05:27
Even if there were a draft, you wouldn't see combat due to your medical status.

aurora89
13-08-10, 05:58
We're not even getting the money for insurance. And that's actually not Obama's fault. He had to negotiate down to only covering students until their 26 and keeping people from being denied insurance for pre-existing conditions. Which, I mean, I'm grateful for that, but where is the rest of this money going?

Some of this is Obama's fault, a lot of it isn't, and I'm peeved over the whole thing.

Mad Tony
13-08-10, 10:05
I can see that happening.I can see a double dip recession but I seriously doubt there will be a depression.

I think it already *is* happening.No it's not. :confused:


This Web Bot thing seems to like predicting the collapse of the US dollar. According to that thing it was supposed to happen last year.

Ward Dragon
13-08-10, 10:12
I can see a double dip recession but I seriously doubt there will be a depression.

No it's not. :confused:

Maybe they mean people are already moving out of cities? This article (http://www.usatoday.com/news/nation/2006-04-20-urbanflight_x.htm) is fairly old (2006) but shows census data that Americans moved out of cities to find cheaper places to live, and here's one (http://blog.onesimplemove.com/2009/05/20/where-are-people-moving-the-most-popular-and-unpopular-u-s-cities/) from last year showing that a lot of cities had people moving out rather than in, so that's been going on for quite awhile.

This Web Bot thing seems to like predicting the collapse of the US dollar. According to that thing it was supposed to happen last year.

It says WWIII is going to start on my birthday XD

Archetype
13-08-10, 10:13
It says WWIII is going to start on my birthday XD

SUPRISE!!! :p

Enjoy your special day ;)

Ward Dragon
13-08-10, 10:14
SUPRISE!!! :p

Enjoy your special day ;)

Can I take it back to the store and exchange it for something else? XD

Chocola teapot
13-08-10, 10:15
Sounds like great fun.

<3

Sarcastic Fantastic! <3

Archetype
13-08-10, 10:42
Can I take it back to the store and exchange it for something else? XD

I lost the recipt... :(

Cochrane
13-08-10, 11:16
Maybe they mean people are already moving out of cities? This article (http://www.usatoday.com/news/nation/2006-04-20-urbanflight_x.htm) is fairly old (2006) but shows census data that Americans moved out of cities to find cheaper places to live, and here's one (http://blog.onesimplemove.com/2009/05/20/where-are-people-moving-the-most-popular-and-unpopular-u-s-cities/) from last year showing that a lot of cities had people moving out rather than in, so that's been going on for quite awhile.

I guess it is a question of where they are moving to. If they move to the suburbs or other settlement along the highways, it is a completely different situation from if they all decided to become farmers in tiny villages in the middle of nowhere again. Not sure which one the web bot makers mean, though.

Dennis's Mom
13-08-10, 15:14
I didnít read all that. But you canít honestly expect a government to cut the deficit while at the same time maintaining tax cuts. That is just wishful thinking.

I agree. You can't have it both ways. You can't "tax like Republicans and spend like Democrats." We're broke. We have been for a very long time. The government needs to increase revenue to pare down the deficit.

I personally support a national sales tax with all revenues dedicated to paying down the deficit. Exempt the usual suspects, like food, but do something.

Of course, no politician will ever do anything. They only want to talk about doing something. A solved problem is one less thing to campaign on.

Check Ward Dragon's post, it's like we have to register for it in case they ever brought it back. It's weird. Yeah I'm not sure what the consequences of not signing up are though =/

For sure you will be ineligible to receive federal and some state financial aid for college. I have no idea what other databases they run the SSN through, but I think in TX you must be registered to get a driver's license.