The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label 2013. Show all posts
Showing posts with label 2013. Show all posts

Tuesday, January 8, 2013

Consumer and household financial outlook for 2013 bleak

The Mayan calendar prophecies are done, the bell of 2012 has struck midnight, and the Kabuki theater of Congress and the fiscal cliff completed its first act.  But for most Americans here in 2013, the debts, fears, and depressionary future is still here, and the outlook going forward has changed little.

In a new census study from Fannie Mae on Jan. 7, a large portion of Americans do not see the coming year as rosy or fruitful, and many see 2013 as being worse than the previous one.

  • The percentage who expect their personal financial situation to get
    worse over the next 12 months continued to rise, reaching 20 percent and
    the highest level since August 2011.

  • Thirty-seven percent reported significantly higher household expenses
    compared to 12 months ago, a 3 percentage point increase over the past
    month and the highest level since December 2011.

  • At 39 percent, the share of respondents who say the economy is on the right track fell by 5 percentage points from last month’s survey high.

  • Twenty-two percent of respondents say their household income is significantly higher than it was 12 months ago, a slight increase over last month and a 5 percentage point increase over September. - Fannie Mae


  • Expectedly, most economists and financial analysts will give opposing views on the state of the economy during the next 12 months, and most will be saying what their own desires lead them to believe.  However, no amount of low paying jobs, and growing food stamp applications will mask the fact that our economic growth has reached its peak in the last few years, and the coming months will be very difficult for many, with few answers coming by those in power.

    Sunday, November 18, 2012

    Paycheck calculator to show how the fiscal cliff will affect you

    With the Bush tax cuts ending on Dec 31, and a whole new array of taxes are ready to be imposed on the American people beginning on Jan 1, it is difficult to sift through the myriad of articles which try to explain how the fiscal cliff will affect you, if it remains without change by Congress and the White House.

    However, there is a now a website that provides a new paycheck calculator that shows American just how much they pay now, and will expect to pay next year if all new taxes go into affect.  The fine programmers at Paycheck City have created a neat application and graph that will allow visitors to see the difference between their 2012 taxes, and those projected for 2013.

    Simply click on this link, and select the normal amount of standard deductions your family or individual returns allow.

    Fiscal Cliff Calculator and Chart


    While Paycheck City does not guarantee the results from this generic calculator, it does allow someone to get a rough, general, ballpark estimate of how much more they will have to pay, starting in 2013 due to the increased taxes.

    Monday, January 23, 2012

    T minus one year from some of the biggest tax hikes in American history

    We are now within one year of several tax breaks for the American people being cutoff, and the population being assessed massive increases in several key areas.  Since Congress and the White House have failed to address even a new budget, the chances of them overturning, or remitting these tax increases becomes smaller and smaller.

    First Wave: Expiration of 2001 and 2003 Tax Relief
    In 2001 and 2003, the GOP Congress enacted several tax cuts for small business owners, families, and investors (later re-upped by President Obama and Democrat Congress in 2010). The following tax hikes will occur on January 1, 2013:

    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 the majority 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 a new and 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.
    Middle Class Death Tax.
    Higher tax rates on savers and investors.
    Second Wave: Obamacare Tax Hikes
    There are twenty new or higher taxes in Obamacare. Some have already gone into effect (the tanning tax, the medicine cabinet tax, the HSA withdrawal tax, W-2 health insurance reporting, and the “economic substance doctrine”). Several more will go into effect on January 1, 2013. They include:

    Medicare Payroll Tax Hike.
    “Special Needs Kids Tax.”
    Medical Device Tax.
    “Haircut” for Medical Itemized Deductions.
    Third Wave: The Alternative Minimum Tax and Employer Tax Hikes
    When Americans prepare to file their tax returns in January of 2013, 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.
    Full business expensing will disappear.
    Taxes will be raised on all types of businesses.
    Tax Benefits for Education and Teaching Reduced.
    Charitable Contributions from IRAs no longer allowed. - Red Country

    What used to be in your wallet?