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Author Topic: Tax Cuts vs. Tax Credits  (Read 4806 times)

Offline Bozco
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Tax Cuts vs. Tax Credits
« Reply #45 on: October 23, 2008, 08:55:17 AM »
Haha these people will never understand and/or agree.
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Offline clips

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Tax Cuts vs. Tax Credits
« Reply #46 on: October 23, 2008, 09:09:50 AM »
Quote from: Bozco
Haha these people will never understand and/or agree.



Well..i see what he\'s saying, but i feel that such a flat tax will hurt those folks that barely make anything. He started from folks makin\' 50k and up,  and it makes sense for those in that bracket, not so much for the lower end folks.
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Offline Jumpman

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Tax Cuts vs. Tax Credits
« Reply #47 on: October 23, 2008, 09:24:36 AM »
Quote from: Bozco
Haha these people will never understand and/or agree.

Way to be decisive and take a side there.
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Offline Mr. Kennedy
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Tax Cuts vs. Tax Credits
« Reply #48 on: October 23, 2008, 09:38:54 AM »
Quote from: clips
It hurts the person makin\' 25k a year and lower.


So they only pay 5% on 25K, that\'s half as much as the 50K person and a quarter of the 100K person... seems about right.

Not a flat rate, flat percentage.  I\'m not saying everyone should pay $10,000 in taxes, that would be wrong.  The more you make the more you pay as opposed to... the more you make, the more you pay, and then some.

And clips, someone making 25K a year probably isn\'t paying taxes if they\'re caring for a family.
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Offline Eiksirf
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Tax Cuts vs. Tax Credits
« Reply #49 on: October 23, 2008, 10:33:08 AM »
Quote from: Mr. Kennedy
I don\'t understand how flat tax isn\'t fair.
 
One person makes 50K the other 100K. He makes twice as much as the first one, he pays twice as much taxes. Why do we need to burden them even more?

A flat tax is incredibly fair. The problem is, for low income brackets, they can only swing up to, let\'s use your example: 5%. (Made this figure up, it could be any percentage, I have no clue what it\'d be.)
 
So everyone is set to 5% and there you go. Fair as you can be.
 
The problem is: that doesn\'t cover costs. The government needs more money. The only solutions can be to up the rate for those who can afford it, or to slash the hell out of spending.
 
I\'d like to see a lot of slashing, and if we don\'t have a choice, the only other way to go is to tax the upper classes more.
 
It\'s common sense right? Starts out fair but ends realistically.
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Offline Mr. Kennedy
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Tax Cuts vs. Tax Credits
« Reply #50 on: October 23, 2008, 12:11:34 PM »
Quote from: Eiksirf
A flat tax is incredibly fair. The problem is, for low income brackets, they can only swing up to, let\'s use your example: 5%. (Made this figure up, it could be any percentage, I have no clue what it\'d be.)
 
So everyone is set to 5% and there you go. Fair as you can be.
 
The problem is: that doesn\'t cover costs. The government needs more money. The only solutions can be to up the rate for those who can afford it, or to slash the hell out of spending.
 
I\'d like to see a lot of slashing, and if we don\'t have a choice, the only other way to go is to tax the upper classes more.
 
It\'s common sense right? Starts out fair but ends realistically.


The government doesn\'t NEED your money, they want it.

I agree with your second solution like there\'s no tomorrow.  Cut the shit out of spending and these crappy beauracracies (sp?) that waste money.
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Offline Mr. Kennedy
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Tax Cuts vs. Tax Credits
« Reply #51 on: October 24, 2008, 07:17:55 PM »
Great quote...

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Offline Mr. Kennedy
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Tax Cuts vs. Tax Credits
« Reply #52 on: October 27, 2008, 03:23:32 PM »
Back on the issue of Obama\'s 95% of people getting tax reductions...

Quote
This business, it\'s very simple.  Obama says 95% of Americans are going to get a tax cut.  Right?  I can disapprove this in two sentences, maybe three.  The Bush tax cuts expire when, Snerdley, 2010?  You\'re three-for-three so far in the first segment.  You\'re going to get a cost-of-living increase.  So we have the Bush tax cuts, which are going to expire in 2010.  Obama is going to let them expire.  That is a tax increase.  I don\'t care you make 25, 45, 50 -- by the way, and he\'s lowered the $250 threshold now to $200,000, did this over the weekend.  Very slyly he snuck this in.  Now he says if you\'re over $200 grand you\'re going to get a tax increase.  The bottom line is everybody\'s going to get a tax increase because the Bush tax cuts are going to expire, they\'re not going to be re-implemented, so right there your taxes are going to go up.  The Obama campaign is trying to say, "This is not a tax increase, it\'s not a tax increase.  It\'s just a tax cut expiring."  Well, the practical effect of it is you\'re going to have less disposable income.  And then from there is where Obama\'s going to apply the rest of his tax increases.  
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Offline luckee
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Tax Cuts vs. Tax Credits
« Reply #53 on: October 27, 2008, 07:15:49 PM »
Why are 4 of the last 5 responses yours mr. kennedy?
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Offline Jumpman

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« Reply #54 on: October 28, 2008, 03:27:45 AM »
Does anyone here actually make 250k+ a year?
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Offline clips

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Tax Cuts vs. Tax Credits
« Reply #55 on: October 28, 2008, 03:29:02 AM »
Quote from: Jumpman
Does anyone here actually make 250k+ a year?



This point actually just keeps going over his head.
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Offline Mr. Kennedy
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« Reply #56 on: October 28, 2008, 04:55:06 AM »
He actually lowered that threshold to 200,000

Many small businesses make 250K though FYI
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Offline Jumpman

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Tax Cuts vs. Tax Credits
« Reply #57 on: October 28, 2008, 06:14:25 AM »
So you don\'t make 200000 a year?
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Offline Mr. Kennedy
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« Reply #58 on: October 28, 2008, 06:23:48 AM »
Nope, but we\'re on a slippery slope.

When Obama says 95% of Americans will get a tax increase he is lying.  End of story.

This won\'t be the last time he drops that threshold.
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\"In the last 12 months 100,000 private sector jobs have been lost and yet you\'ve created 30,000 public sector jobs. Prime Minister, you cannot carry on forever squeezing the productive bit of the economy in order to fund an unprecidented engorgement of the unproductive bit. You cannot spend your way out of recession or borrow your way out of debt.\" - Daniel Hannan

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Offline Jumpman

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Tax Cuts vs. Tax Credits
« Reply #59 on: October 28, 2008, 06:26:28 AM »
So he\'s not actually taking your money?
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Who is this anamoly we call Jumpman? How is he able to do what he does and still survive after years of torment? It seems he feeds on the hate, growing with an intense passion to put unassuming members in their place.
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