Comments on: One Person’s Successful Debtor’s Revolt http://www.consumerismcommentary.com/one-persons-successful-debtors-revolt/ A premier personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Mon, 13 Feb 2012 01:22:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Nancy T http://www.consumerismcommentary.com/one-persons-successful-debtors-revolt/comment-page-1/#comment-199392 Nancy T Sun, 18 Oct 2009 01:25:26 +0000 http://www.consumerismcommentary.com/?p=7372#comment-199392 I hate b-o-a..i have a morgets and creitd card and they up my credit % but i opt out..I hate them yes hate them. I hate b-o-a..i have a morgets and creitd card and they up my credit % but i opt out..I hate them yes hate them.

]]> By: Jim http://www.consumerismcommentary.com/one-persons-successful-debtors-revolt/comment-page-1/#comment-198567 Jim Wed, 23 Sep 2009 21:46:28 +0000 http://www.consumerismcommentary.com/?p=7372#comment-198567 Smithee, That article is from 2003 so its a bit old. According to Wikipedia the 'marriage penalty' issue was further addressed in another tax law: "The Jobs and Growth Tax Relief Reconciliation Act of 2003 accelerated the benefit to joint return filers by eliminating the marriage penalty for 2003 and 2004 and the Working Families Tax Relief Act of 2004 extended the benefit to 2005-2007." They keep stacking tax changes on top of one another so its hard to keep track. The 'marriage penalty' is a bit of a misnomer to begin with. Most people do not get a tax hike simply for getting married. In fact most people generally pay lower taxes when married. Only certain circumstances would you have a worse tax situation when married than single. Smithee, That article is from 2003 so its a bit old. According to Wikipedia the ‘marriage penalty’ issue was further addressed in another tax law:
“The Jobs and Growth Tax Relief Reconciliation Act of 2003 accelerated the benefit to joint return filers by eliminating the marriage penalty for 2003 and 2004 and the Working Families Tax Relief Act of 2004 extended the benefit to 2005-2007.”

They keep stacking tax changes on top of one another so its hard to keep track.

The ‘marriage penalty’ is a bit of a misnomer to begin with. Most people do not get a tax hike simply for getting married. In fact most people generally pay lower taxes when married. Only certain circumstances would you have a worse tax situation when married than single.

]]> By: financia at FinancialFreakShow.com http://www.consumerismcommentary.com/one-persons-successful-debtors-revolt/comment-page-1/#comment-198548 financia at FinancialFreakShow.com Wed, 23 Sep 2009 14:43:03 +0000 http://www.consumerismcommentary.com/?p=7372#comment-198548 I'm amazed that after BofA was such a pain in the butt to deal what that she's still doing business with them! And I'm even more amazed that she is happy giving them 12.99% interest. Looks like BofA is still winning this battle I’m amazed that after BofA was such a pain in the butt to deal what that she’s still doing business with them!

And I’m even more amazed that she is happy giving them 12.99% interest.

Looks like BofA is still winning this battle

]]> By: Smithee http://www.consumerismcommentary.com/one-persons-successful-debtors-revolt/comment-page-1/#comment-198543 Smithee Wed, 23 Sep 2009 12:51:12 +0000 http://www.consumerismcommentary.com/?p=7372#comment-198543 I've been trying to educate myself a little more about this, and I probably did mis-speak, or get something wrong entirely. According to this old article in Smart Money: http://www.smartmoney.com/personal-finance/taxes/what-the-bush-tax-cut-means-for-you-14345/ The reason I haven't felt any relief is because the "relief for married tax payers" expired in 2005 (one year after I got married), and because we don't have children. When filing our taxes, it always seems to go well, until the AMT rears its ugly head. Anyway, I'll keep researching. I’ve been trying to educate myself a little more about this, and I probably did mis-speak, or get something wrong entirely. According to this old article in Smart Money:

http://www.smartmoney.com/personal-finance/taxes/what-the-bush-tax-cut-means-for-you-14345/

The reason I haven’t felt any relief is because the “relief for married tax payers” expired in 2005 (one year after I got married), and because we don’t have children. When filing our taxes, it always seems to go well, until the AMT rears its ugly head.

Anyway, I’ll keep researching.

]]> By: Jim http://www.consumerismcommentary.com/one-persons-successful-debtors-revolt/comment-page-1/#comment-198531 Jim Tue, 22 Sep 2009 21:58:16 +0000 http://www.consumerismcommentary.com/?p=7372#comment-198531 "The Bush tax cuts are meant to expire next year, but that will affect a very small percentage of the country." Bush tax cuts lowered the marginal tax rates for most brackets. If the Bush cuts were not extended then MOST people would get a tax increase. Its not just the very rich. “The Bush tax cuts are meant to expire next year, but that will affect a very small percentage of the country.”

Bush tax cuts lowered the marginal tax rates for most brackets. If the Bush cuts were not extended then MOST people would get a tax increase. Its not just the very rich.

]]> By: savvy http://www.consumerismcommentary.com/one-persons-successful-debtors-revolt/comment-page-1/#comment-198524 savvy Tue, 22 Sep 2009 16:44:22 +0000 http://www.consumerismcommentary.com/?p=7372#comment-198524 I guess I'm the unsympathetic one here. If you don't want to be beholden to credit card companies, then don't carry a balance on your credit cards. Is it slimy to continually raise interest rates? Sure, but it is also a part of the terms and conditions that were agreed upon when the card was issued. Don't like the rules? Don't play the game. I guess I’m the unsympathetic one here. If you don’t want to be beholden to credit card companies, then don’t carry a balance on your credit cards. Is it slimy to continually raise interest rates? Sure, but it is also a part of the terms and conditions that were agreed upon when the card was issued. Don’t like the rules? Don’t play the game.

]]> By: john http://www.consumerismcommentary.com/one-persons-successful-debtors-revolt/comment-page-1/#comment-198522 john Tue, 22 Sep 2009 15:20:02 +0000 http://www.consumerismcommentary.com/?p=7372#comment-198522 she says in the video that she mised two payments in the last year and got multipel notices she says in the video that she mised two payments in the last year and got multipel notices

]]> By: Miranda http://www.consumerismcommentary.com/one-persons-successful-debtors-revolt/comment-page-1/#comment-198520 Miranda Tue, 22 Sep 2009 14:50:10 +0000 http://www.consumerismcommentary.com/?p=7372#comment-198520 I'm in a battle with my Discover card over this issue. I pay on time, and I try to pay off what I put on every month. And yet my interest rate continues to creep up. It's very annoying. So far I've been unsuccessful, but I'm working on it. I’m in a battle with my Discover card over this issue. I pay on time, and I try to pay off what I put on every month. And yet my interest rate continues to creep up. It’s very annoying. So far I’ve been unsuccessful, but I’m working on it.

]]> By: Ellen / MoneyLounge http://www.consumerismcommentary.com/one-persons-successful-debtors-revolt/comment-page-1/#comment-198519 Ellen / MoneyLounge Tue, 22 Sep 2009 14:45:34 +0000 http://www.consumerismcommentary.com/?p=7372#comment-198519 She has never missed a payment or never missed a minimum payment? She has never missed a payment or never missed a minimum payment?

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