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Posted: 5/28/2003 8:26:22 AM EDT
Well, here is an interesting and poignant commentary about it from Neal Boortz - I agree 100% THE CHECKS ARE ON THE WAY! George Bush will sign the tax cut bill today .. and the Treasury Department will immediately start printing out those $400 checks for people who claimed children as dependents on their last income tax return. This is called a "credit." In many cases it is not. It's also called a "rebate." Again, in many cases it is not. I know ... you're tired of hearing this. Sorry. Every time I bring this up I imagine that someone out there sits up and says "Is he serious? I didn't know that!" These checks are going to be sent to parents regardless of whether or not they actually paid any federal income tax. This means that someone, a parent with two children for instance, who paid absolutely no federal income taxes last year - not one penny - will get a check from the feds for $800. Where does that money come from? It comes from someone who actually DID pay federal income taxes last year. It's not a "credit" because there are no tax payments to credit the checks to. It is not a "rebate" because there were no taxes paid from with to issue a rebate. So, just what is it? Income redistribution. Pure and simple income redistribution. It is the government seizing property from someone whom the government has determined should not be allowed to keep what they earn, and then giving that property to someone the government has determined worthy of money earned by someone else. Now that our government so boldly seizes income for redistribution - all for political gain - where will it end? The only thing that politicians need to do is to be careful that they seize the money from people who's votes they don't need .. and then transfer that money to people who's votes they do need.
Link Posted: 5/28/2003 8:43:06 AM EDT
COOL! I could use another $800. That's got a bunch of ammo and a stripped receiver written all over it.
Link Posted: 5/28/2003 8:44:47 AM EDT
Link Posted: 5/28/2003 8:48:17 AM EDT
[Last Edit: 5/28/2003 8:50:06 AM EDT by Scottman]
$400 per kid?!?!?! DAAAAAAAAAAM SKIPPYYYYYYYYY!!! I GOT'S 4!!!!!!!!!!! [bounce] BUSH! BUSH! BUSH! BUSH! BUSH!
Link Posted: 5/28/2003 8:48:35 AM EDT
Link Posted: 5/28/2003 8:56:02 AM EDT
COOL..1200 bucks.....man do I ever need the cash.
Link Posted: 5/28/2003 8:57:47 AM EDT
I've got $800 inbound... Looks like a few stripped lowers and some more ammo. Cool!
Link Posted: 5/28/2003 9:02:12 AM EDT
Sigh - you guys still don't get it, do you? You are receiving money that has been redistributed from those of us who aren't getting any of our money back. We are paying you. And I thought you guys with kids needed all that money for your kids - and yet all you are talking about (some of you at least) is getting more gun stuff for yourselves. FLAT TAX! No deductions at all. Everyone pays the same percentage. You want kids, fine - but I won't subsidize them like I am now. Sigh . . . it will never happen.
Link Posted: 5/28/2003 9:05:36 AM EDT
Originally Posted By Greywolf2112: Sigh - you guys still don't get it, do you? You are receiving money that has been redistributed from those of us who aren't getting any of our money back. We are paying you.
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No, I get it. I should've said thank you in my original post. Thanks![wave]
Link Posted: 5/28/2003 9:06:19 AM EDT
[Last Edit: 5/28/2003 9:09:28 AM EDT by BKVic]
Cool! I heard a guy at work talking about this and I didnt know if it was true or not, guess it is! I've got a cool $1200 comming thats gonna pay off both my credit cards and leave me a little for ammo! BKVic
Link Posted: 5/28/2003 9:09:26 AM EDT
I get it. But who says it's yer money? I pay taxes dammit! [:)] I'm with ya bro. FLAT TAX (no VAR!!!). But hey, you want me to get all pissed and say "DAMN! The Gov't is sending me $1200 and THAT sucks!" I tried. I can't do it! Scott
Link Posted: 5/28/2003 9:13:01 AM EDT
Originally Posted By Greywolf2112: Sigh - you guys still don't get it, do you? You are receiving money that has been redistributed from those of us who aren't getting any of our money back. We are paying you. And I thought you guys with kids needed all that money for your kids - and yet all you are talking about (some of you at least) is getting more gun stuff for yourselves. FLAT TAX! No deductions at all. Everyone pays the same percentage. You want kids, fine - but I won't subsidize them like I am now. Sigh . . . it will never happen.
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I get it... social architecture by way of the tax code. I get it too well. I pay an ass-load of taxes every year to the Feds... getting $800 refunded to me is better than nothing. On the flat tax... I couldn't agree more. Throw out the current tax code, no deductions, no loopholes, flat tax rate regardless of income level. This will never happen due to the social landscaping being done by the Feds.
Link Posted: 5/28/2003 9:14:10 AM EDT
[Last Edit: 5/28/2003 9:15:53 AM EDT by TWIRE]
$1600 inbound. They sure took enough money, I want some back! I guarandamnteeyuh nobody's subsidizing my kids. I'm doing the subsidizing. [banana]
Link Posted: 5/28/2003 9:22:51 AM EDT
No, Twire - those of us who don't have children ARE helping to subsidize your children. There is no argument with the facts. You and I both paid taxes last year. And yet, you got deductions for your children. I didn't. You paid property taxes, and so did I. Even though I have no children to send to school. And now you are getting some of your money back in the form of a refund. I am not. Therefore, more of my money that I earned (as a percentage) is being redistributed back to you. Semantics aside - call it what you will. But the simple fact remains that you are getting to keep more of your money than I am. Now, don't get me wrong - I think you should take advantage of EVERY chance you have to get more of your money back from .gov - hell, if I could figure out a way of getting Social Security Numbers for my 7 cats, I would! :) I also wish I could figure a way out to deduct my mileage driving to work (about 30,000 miles a year) but I can't. Well, at least I got a "thank you" from Eswanson :)
Link Posted: 5/28/2003 9:25:38 AM EDT
Raising children right can be expensive. I could use the $800 coming back to me. Clothing and feeding them will use the majority of that. When I received the 'rebate' last time, no toys for me... just paid some bills.
Link Posted: 5/28/2003 9:27:27 AM EDT
Originally Posted By Scottman: $400 per kid?!?!?! DAAAAAAAAAAM SKIPPYYYYYYYYY!!! I GOT'S 4!!!!!!!!!!! [bounce] BUSH! BUSH! BUSH! BUSH! BUSH!
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cool, i'm one of the guys paying for the no good shirbirds who are getting this check without having paid in i get squat tax me more you fucking bastards
Link Posted: 5/28/2003 9:28:08 AM EDT
Link Posted: 5/28/2003 9:36:55 AM EDT
Originally Posted By Greywolf2112: Sigh - you guys still don't get it, do you? You are receiving money that has been redistributed from those of us who aren't getting any of our money back. We are paying you. And I thought you guys with kids needed all that money for your kids - and yet all you are talking about (some of you at least) is getting more gun stuff for yourselves. FLAT TAX! No deductions at all. Everyone pays the same percentage. You want kids, fine - but I won't subsidize them like I am now. Sigh . . . it will never happen.
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No, Grey, they don't "get it", and some of 'em never will. Human nature does not change, that's why Socialism is so attractive, it pretends to promise something for everyone. It's also why the words, and thoughts of our Founding Fathers are timeless...
Thomas Jefferson "Self-love . . . is the sole antagonist of virtue, leading us constantly by our propensities to self-gratification in violation of our moral duties to others."
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Our "Moral Duty to others", is one reason Americans are buried all over the planet. (Or so we like to believe.) It's also why we had developed a system wherby a man got ahead by the sweat of his brow, or the swiftness of his wits!! What we see here, so far, however, is not the "high-minded principles", of the idealistic socialist. No, here, is pure selfishness. Truely, it is Govt. sanctioned, (Under threat of violence), THEFT from folks such as you, to buy "toys", for the undeserving. The Berlin Wall did not come down because "They" lost.... Nay..... Welcome to the New World Order!! It's SHAMEFUL!!! And it REALLY piss's me off!
Link Posted: 5/28/2003 9:39:07 AM EDT
Link Posted: 5/28/2003 9:39:12 AM EDT
Originally Posted By Red_Beard: cool, i'm one of the guys paying for the no good shirbirds who are getting this check without having paid in i get squat tax me more you fucking bastards
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Dude, not everyone who has kids is a "no good shitbird." I may be taking it too personally, but you quoted my post to make your response. I work. I pay taxes. I'm a veteran. I certainly ain't a "no good shitbird." BTW, my "Bush" chanting is attempted sarcasm for the folks that say there's no one else to vote for but the Republican. Scott
Link Posted: 5/28/2003 9:43:36 AM EDT
Greywolf, you sure know how to get my BP really high, really fast. We paid in 6 figures in taxes last year! And now I find out that somebody, who has done nothing for it but to screw their spouse and procreate, is getting $800 per successful roll in the hay? To all of you that are happy about getting my money, screw you. Move to England, Sweden or some other socialistic country if you love this redistribution of (my) wealth so much. In the USA (at least it used to be this way) a person kept what they earned and were taxed only on the goods they imported or purchased. It is this kind of crap that gets me thinking seriously about making all I can in one year, not paying anything quarterly, and bailing to an island somewhere that does not have extradition! This is theft, pure and simple. Before any of you begin to get after me for complaining because, "You made enough money to be able to have a 6 figure tax bill, so shut up!". Remember that we built this partnership, suffered throught the slow months, sold stuff to eat, put groceries on credit cards, and basically scrimped and saved for 3 years to be in the position we are in now. In short, we earned what we have and we want to keep it (or at least most of it). Fuck taxes.
Link Posted: 5/28/2003 9:43:59 AM EDT
Ok guys. Lighten up a bit. It sucks. It's not fair. But my celebratory post is partly in jest, and I assume the others are too. I'm sorry you guy's aren't getting money and that there isn't a flat tax, but calling us socialists is going a bit far, doncha think? Remeber the shaft you got next time the argument that "A vote for anyone other than the Republican is a vote for the Democrat." Scott
Link Posted: 5/28/2003 9:49:32 AM EDT
Greywolf, It'll be interesting to see who is bitching about their taxes next April. Yep folks, enjoy your procreation bonus this year. I'm glad those of us without dependents could make this year a little happier for you.
Link Posted: 5/28/2003 9:51:36 AM EDT
I'm getting $1200 back. I honestly feel bad about it. I will pay down my last credit card that has a balance. I would vote flat tax even though it would hurt me badly in the pocket. It is a moral question. But to those who are getting screwed - [wave] I also thank you. I also offer you my apologies that the bulk of people in this country support pillaging your hard earned wealth at the point of a gun.
Link Posted: 5/28/2003 9:56:01 AM EDT
Link Posted: 5/28/2003 9:57:09 AM EDT
Originally Posted By Red_Beard: cool, i'm one of the guys paying for the no good shirbirds who are getting this check without having paid in i get squat tax me more you fucking bastards
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Oh, Oh... Do I detect a different tonal quality to the bleating??? "Feeling" a bit frustrated??[:D] Some of them do not understand the principle involved, or just deny it because the benefit out weighs the principle, (Read "Sold Out" [;D]). The govt school system is performing admiralably, and as intended! [:D]
Link Posted: 5/28/2003 9:58:25 AM EDT
We all pay taxes for some bullshit we dont like. Telling me to get fucked (screw you) and calling me names is stupid.
Link Posted: 5/28/2003 9:59:04 AM EDT
I paid more than the $400 I'll be gatting back, so I'm not taking anyone's money, just getting mine back. If you don't pay into it, you shouldn't get any back INHO.
Link Posted: 5/28/2003 10:00:43 AM EDT
Originally Posted By liberty86:
Originally Posted By Red_Beard: cool, i'm one of the guys paying for the no good shirbirds who are getting this check without having paid in i get squat tax me more you fucking bastards
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Oh, Oh... Do I detect a different tonal quality to the bleating??? "Feeling" a bit frustrated??[:D] Some of them do not understand the principle involved, or just deny it because the benefit out weighs the principle, (Read "Sold Out" [;D]). The govt school system is performing admiralably, and as intended! [:D]
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btw, when i say "i get squat" i'm not implying that i want in on this redistibution scheme i just want my income tax gone as for the flat tax folks, if flat tax is 10%, i make 1,000,000 a year, and you make 100,000 a year i pay $100,000 and you pay $10,000 is that fair? flat tax is still a socialist crap scheme
Link Posted: 5/28/2003 10:01:02 AM EDT
I didn't get to deduct my mortgage payments from my income last year. Why? Because I don't have a mortgage! You worthless $hitbirds who mortgage houses are stealing perfectly good money out of my paycheck to subsidize your idiotic purchasing habits. Suckin' Socialists! I pay taxes the same as you! I why should YOU get to deduct something because you didn't have enough money to buy a house outright! Worthless cheapskates! [pissed]
Link Posted: 5/28/2003 10:05:14 AM EDT
Link Posted: 5/28/2003 10:06:31 AM EDT
Originally Posted By Red_Beard: as for the flat tax folks, if flat tax is 10%, i make 1,000,000 a year, and you make 100,000 a year i pay $100,000 and you pay $10,000 is that fair? flat tax is still a socialist crap scheme
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Not really, a true FLAT TAX would be the total budget divided by the total number of people. i.e. 2.2 trillion divided by 270 million heads = $8,148 per head tax. A FLAT RATE TAX would be a 10% tax on all income. I'd prefer a standard FLAT TAX to a FLAT RATE TAX. The incentive would be incredible!
Link Posted: 5/28/2003 10:08:27 AM EDT
[Last Edit: 5/28/2003 10:09:01 AM EDT by Richardson]
Originally Posted By Torf: I didn't get to deduct my mortgage payments from my income last year. Why? Because I don't have a mortgage! You worthless $hitbirds who mortgage houses are stealing perfectly good money out of my paycheck to subsidize your idiotic purchasing habits. Suckin' Socialists! I pay taxes the same as you! I why should YOU get to deduct something because you didn't have enough money to buy a house outright! Worthless cheapskates! [pissed]
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DAMN STRAIGHT Torf.... [b]Why should I have to subsidize your housing?[/b] If you have a mortgage, then everyone who doesn't have a mortgage is subsidizing YOU. If your mortgage is larger than mine, then I'M subsidizing YOUR extravegance. [b]Some HYPOCRITES hate socialism, until it benefits THEM...[/b] Richardson
Link Posted: 5/28/2003 10:09:49 AM EDT
Originally Posted By Scottman: Dude, not everyone who has kids is a "no good shitbird." I may be taking it too personally, but you quoted my post to make your response. I work. I pay taxes. I'm a veteran. I certainly ain't a "no good shitbird." BTW, my "Bush" chanting is attempted sarcasm for the folks that say there's no one else to vote for but the Republican. Scott
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Amen to that brother. Vet here too. I pay taxes too. I will get $400 for my kid. Where will it go? Ammo? no, it will go to my kid. You wanna freakin cry about it fine. Do I think Socialism is right? No Continue to write and call the people who can change laws. I do. Go ahead and let them divide and conqer us on these issues so then getting our guns and speech will be easier.
Link Posted: 5/28/2003 10:13:09 AM EDT
Originally Posted By Garand_Shooter:
Originally Posted By Hydguy: I paid more than the $400 I'll be gatting back, so I'm not taking anyone's money, just getting mine back.
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You don't get it. While you may be getting YOUR money back, mine is going to pay for the government services taht you consume. And as someone with children, you consume more gov services than I do. So you may be getting YOUR money back, but only because MINE is paying for the services you consume.
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Absolutely wrong. By your theory, YOU pay for the government services that YOU consume. I assume that you probably don't really consume any measurable government services. I sure as hell don't, and neither does my wife (who stays at home and sucks off the family budget, not the government) or my two year old. Can you give me even one example of governmental suckage that we do (besides military protection)? Since when does a $400 rebate equate to socialism when I paid over $40,000 in taxes last year? Couldn't you focus on a REAL problem instead of berating responsible taxpaying adults who are looking forward to a tax cut?
Link Posted: 5/28/2003 10:13:14 AM EDT
Originally Posted By wiggy762: Greywolf, you sure know how to get my BP really high, really fast. We paid in 6 figures in taxes last year! And now I find out that somebody, who has done nothing for it but to screw their spouse and procreate, is getting $800 per successful roll in the hay? To all of you that are happy about getting my money, screw you. Move to England, Sweden or some other socialistic country if you love this redistribution of (my) wealth so much. In the USA (at least it used to be this way) a person kept what they earned and were taxed only on the goods they imported or purchased. It is this kind of crap that gets me thinking seriously about making all I can in one year, not paying anything quarterly, and bailing to an island somewhere that does not have extradition! This is theft, pure and simple. Before any of you begin to get after me for complaining because, "You made enough money to be able to have a 6 figure tax bill, so shut up!". Remember that we built this partnership, suffered throught the slow months, sold stuff to eat, put groceries on credit cards, and basically scrimped and saved for 3 years to be in the position we are in now. In short, we earned what we have and we want to keep it (or at least most of it). Fuck taxes.
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Wiggy, It's OUTRAGEOUS, that anyone should have to pay that kind of tax!! But, I want you to know something. I'm a 100% Combat-related disabled vet. Up until age 50 when I got my disability after a 10 year fight, the VA finally came through. Because of guys like you, I now have a pleasent secure place to live, and a livable income with LITTLE debt. [b]Thank you Wiggy and others who pay![/b] I may well be back under the bridge without you! [:D]
Link Posted: 5/28/2003 10:14:19 AM EDT
Originally Posted By Garand_Shooter:
Originally Posted By Hydguy: I paid more than the $400 I'll be gatting back, so I'm not taking anyone's money, just getting mine back.
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You don't get it. While you may be getting YOUR money back, mine is going to pay for the government services taht you consume. And as someone with children, you consume more gov services than I do. So you may be getting YOUR money back, but only because MINE is paying for the services you consume.
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If crime is high in your neighborhood, and low in my neighborhood, then guess what? I'm subsidizing police service that YOU consume... I say everyone should only be given services if they can pay CASH at the time of service. That would be fair, right? Richardson
Link Posted: 5/28/2003 10:17:35 AM EDT
Link Posted: 5/28/2003 10:18:55 AM EDT
Link Posted: 5/28/2003 10:18:57 AM EDT
Originally Posted By Garand_Shooter: You don't get it. While you may be getting YOUR money back, mine is going to pay for the government services taht you consume. And as someone with children, you consume more gov services than I do. So you may be getting YOUR money back, but only because MINE is paying for the services you consume.
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Why is it assumed that by having children you consume more government services? I unequivicolly do not. Am I not entitled the money they already took? I agree with earlier posts on this point -- You don't pay taxes? You don't get the tax credit. I think the arguments for flat taxes and such deserve another thread. I despise the present taxation system, but its what we have for now. And yes, I will wring as much out of it, by jumping though the hoops, as I can.
Link Posted: 5/28/2003 10:19:53 AM EDT
Originally Posted By Torf:
Originally Posted By Red_Beard: as for the flat tax folks, if flat tax is 10%, i make 1,000,000 a year, and you make 100,000 a year i pay $100,000 and you pay $10,000 is that fair? flat tax is still a socialist crap scheme
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Not really, a true FLAT TAX would be the total budget divided by the total number of people. i.e. 2.2 trillion divided by 270 million heads = $8,148 per head tax. A FLAT RATE TAX would be a 10% tax on all income. I'd prefer a standard FLAT TAX to a FLAT RATE TAX. The incentive would be incredible!
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That would mean I would pay over $40,000 in taxes. In short, I would starve and be homeless along with my wife and kids. As would millions and millions of others. That would make for a great society I am sure. [rolleyes] A real nice place to live. And if you think that all those millions and millions of homeless people with the right to bear arms are going to just sit there in the mud - I think you are sadly mistaken. Right or wrong, the tax code and many of the social programs we have are essentially bribes to help ensure some level of tranquility in our society. When people cannot afford what they consider to be 'essentials' they get restless. Restless populations are, shall we say, bad for stability and, by extension, bad for the economy. And therefore, bad for those who actually do make money. Further, if you taxed everyone at those rates, no one would be able to actually buy anything and the company you work for would go out of business. Then you would join the masses of homeless. Not to mention that taxes create a deadweight loss on the economy in the first place. The market distortions would be incredible. ACtually, you couldn't even have a functioning economy at those tax rates in the first place.
Link Posted: 5/28/2003 10:21:39 AM EDT
[Last Edit: 5/28/2003 10:25:26 AM EDT by TimJ]
Link Posted: 5/28/2003 10:23:23 AM EDT
Forget the why or hows---HOW LONG before it gets here? Two weeks would not be too soon.
Link Posted: 5/28/2003 10:32:22 AM EDT
The current tax code is all about subsidizing behavior that the Feds think is good for us... Mortgage interest deductions subsidize people buying houses??? So you are saying that people only buy a house for a tax break? I think not. I only have 2 kids to get the income tax credit? Barbara Streisand. The Federal Government is all about redistributing income. Period. My earlier post about buying ammo and lowers with it was in jest. I, too, will be using it to pay bills. But I digress again... any tax cut is a good tax cut. Even if it does not directly benefit you, it will help in the long run.
Link Posted: 5/28/2003 10:38:16 AM EDT
Bush is signing the Bill live now...FOX news.
Link Posted: 5/28/2003 10:38:46 AM EDT
Originally Posted By CassidyGT: That would mean I would pay over $40,000 in taxes.
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Yup! Your 'fair' share! [:)]
In short, I would starve and be homeless along with my wife and kids. As would millions and millions of others.
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Thus demonstrating that you know little if anything about economics...
That would make for a great society I am sure. [rolleyes] A real nice place to live.
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I suppose you think it is fair to force me to pay >.4 of my income in taxes, but some other schmuck only has to pay .25?
And if you think that all those millions and millions of homeless people with the right to bear arms are going to just sit there in the mud - I think you are sadly mistaken.
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They will be busily working in order to pay their "we'll let you live in the USA" tax. Companies will have plenty of money to hire them anyway.
Right or wrong, the tax code and many of the social programs we have are essentially bribes to help ensure some level of tranquility in our society.
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So as soon as I propose that everyone pay the same amount, you get all bent out of shape? What do you think this is? Maybe someday we'll stop footing the bill for the suckoff crowd, and then what are they going to do?
When people cannot afford what they consider to be 'essentials' they get restless. Restless populations are, shall we say, bad for stability and, by extension, bad for the economy. And therefore, bad for those who actually do make money.
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I don't feel particularly compelled to pay 40k in taxes every year just so some bum doesn't get on my case. Our country would be far better off today if the FLAT TAX had been implemented 100 yrs ago, instead of tomorrow. Besides, if we DID do this now, do you actually think that the budget wouldn't be cut in half almost instantly?!?
Further, if you taxed everyone at those rates, no one would be able to actually buy anything and the company you work for would go out of business. Then you would join the masses of homeless. Not to mention that taxes create a deadweight loss on the economy in the first place. The market distortions would be incredible. ACtually, you couldn't even have a functioning economy at those tax rates in the first place.
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Check your pillow, your brain is still resting there. You couldn't imagine how strong and advanced our economy would be if we had such a good tax system.
Link Posted: 5/28/2003 10:45:24 AM EDT
Originally Posted By JHill: Forget the why or hows---HOW LONG before it gets here? Two weeks would not be too soon.
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Bush= 35 million Checks start going out in July. Fox News.
Link Posted: 5/28/2003 10:50:23 AM EDT
Originally Posted By Torf:
Originally Posted By CassidyGT: That would mean I would pay over $40,000 in taxes.
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Yup! Your 'fair' share! [:)]
In short, I would starve and be homeless along with my wife and kids. As would millions and millions of others.
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Thus demonstrating that you know little if anything about economics...
That would make for a great society I am sure. [rolleyes] A real nice place to live.
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I suppose you think it is fair to force me to pay >.4 of my income in taxes, but some other schmuck only has to pay .25?
And if you think that all those millions and millions of homeless people with the right to bear arms are going to just sit there in the mud - I think you are sadly mistaken.
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They will be busily working in order to pay their "we'll let you live in the USA" tax. Companies will have plenty of money to hire them anyway.
Right or wrong, the tax code and many of the social programs we have are essentially bribes to help ensure some level of tranquility in our society.
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So as soon as I propose that everyone pay the same amount, you get all bent out of shape? What do you think this is? Maybe someday we'll stop footing the bill for the suckoff crowd, and then what are they going to do?
When people cannot afford what they consider to be 'essentials' they get restless. Restless populations are, shall we say, bad for stability and, by extension, bad for the economy. And therefore, bad for those who actually do make money.
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I don't feel particularly compelled to pay 40k in taxes every year just so some bum doesn't get on my case. Our country would be far better off today if the FLAT TAX had been implemented 100 yrs ago, instead of tomorrow. Besides, if we DID do this now, do you actually think that the budget wouldn't be cut in half almost instantly?!?
Further, if you taxed everyone at those rates, no one would be able to actually buy anything and the company you work for would go out of business. Then you would join the masses of homeless. Not to mention that taxes create a deadweight loss on the economy in the first place. The market distortions would be incredible. ACtually, you couldn't even have a functioning economy at those tax rates in the first place.
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Check your pillow, your brain is still resting there. You couldn't imagine how strong and advanced our economy would be if we had such a good tax system.
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OK let's start slow. One question at a time. Since you claim to be so know so much about economics. If I make $57000 per year and I am taxed $40000. Tell me how I am supposed to actually live and raise 3 kids on $17000 per year? Also, state, local and property taxes aren't even included. So let's assume I actually take home $5000 per year. How am I supposed to live and take care of 3 kids on that.
Link Posted: 5/28/2003 10:56:11 AM EDT
Originally Posted By Garand_Shooter: So you may be getting YOUR money back, but only because MINE is paying for the services you consume.
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Such as???
Link Posted: 5/28/2003 10:58:37 AM EDT
Originally Posted By CassidyGT: OK let's start slow. One question at a time. Since you claim to be so know so much about economics. If I make $57000 per year and I am taxed $40000. Tell me how I am supposed to actually live and raise 3 kids on $17000 per year? Also, state, local and property taxes aren't even included. So let's assume I actually take home $5000 per year. How am I supposed to live and take care of 3 kids on that.
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First of all, corporations are no longer taxed at their confiscatory rate. Whether you want this money to appear in your paycheck or in slashed prices, you choose. How much of the crap we buy is tied up in taxes? 50%! (if not more) That measly 17 grand you brought home is now worth 34 grand in purchasing power, not to mention the fact that your income will likely go up, and since no one would think that 2.2 trillion is a reasonable budget, it would promptly get slashed to 700 billion. Due to political pressure, the government would be rapidly streamlined. Since you aren't starving, and are arguably better off than before, what is your next question?
Link Posted: 5/28/2003 11:02:36 AM EDT
A "per head" tax would work. You just need to take the annual budget, DEDUCT the amount the US Gov't collects on tariffs and duties, sale of Gov't land, money recieved from royalties, etc. THEN figure it on a per-head basis. Oh! Wait...what about STATE and LOCAL taxes? Ooops!
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