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Old 05-10-2006, 03:35 PM
amepro amepro is offline
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Default Whoopiee!!! Another tax cut

http://www.chron.com/disp/story.mpl/front/3854881.html

When in doubt, give a tax cut!

Quote:
WASHINGTON — The House today passed a bill sought by President Bush to deliver tax cuts worth $70 billion to investors and to keep 15 million taxpayers from being hit by the alternative minimum tax
Quote:
Democrats also cited a joint study by the Urban Institute and the Brookings Institution that shows taxpayers with incomes greater than $1 million per year winning tax cuts of $42,000 under the bill while families with incomes of $50,000 a year would average a $46 tax cut.
Enjoy your tax cut, millionaire's go buy that new car you have your eye on, the rest of us can enjoy a free fill up or two.
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Old 05-10-2006, 04:59 PM
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Default g

Give a tax break at the same time printing Trillions more dollars to dump into circulation. I don't think anyone gets a thing when you sit down and think about what that means.
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Old 05-10-2006, 06:51 PM
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Quote:
Originally Posted by amepro";p=&quot View Post
http://www.chron.com/disp/story.mpl/front/3854881.html

When in doubt, give a tax cut!

Quote:
WASHINGTON — The House today passed a bill sought by President Bush to deliver tax cuts worth $70 billion to investors and to keep 15 million taxpayers from being hit by the alternative minimum tax
Quote:
Democrats also cited a joint study by the Urban Institute and the Brookings Institution that shows taxpayers with incomes greater than $1 million per year winning tax cuts of $42,000 under the bill while families with incomes of $50,000 a year would average a $46 tax cut.
Enjoy your tax cut, millionaire's go buy that new car you have your eye on, the rest of us can enjoy a free fill up or two.
Keeping 15 million taxpayers from being hit by the amt helps the middle class taxpayers. And giving the dollars in the example means nothing. Considering someone who earns $1 million per year pays hundreds of thousands of federal taxes into the federal gov't each year......and that family making $50,000 may pay little or nothing in federal taxes to start with.

Here's something libs can never seem to grasp....tax cuts go to people who actually PAY taxes. There are millions in this country at the lower levels of income who pay absolutely NO federal taxes. I've been rich and I've been poor. And I can guarantee you that when I was bringing in the big bucks, I paid a whole heck of a lot more money into the federal coffers than I did when I was poor. Some years, I actually paid in to Uncle Sam 6 figures of my hard-earned income. That's ridiculous!
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Old 05-10-2006, 07:23 PM
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Default US tax cuts are moronic.

This tax cut is a joke. If the Bush administration wants to improve ratings and help the country, they should direct a tax cut at middle-class and working families.
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Old 05-10-2006, 07:27 PM
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Default trickle down theory

This is what you don't understand JP. I personally don't get excited over tax cuts, they do very little to benefit me personally. You can try to spin the trickle down theory all you want but I just don't buy it. I would prefer it if the government spent more time and energy trying to solve the oil crisis or working toward decent, affordable health care or securing our borders, but all the republicans ever do are tax cuts.

By the way, if you were paying six figures in taxes, I would consider you wealthy, so it's no wonder that we will never see things from the same point of view.
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Old 05-10-2006, 07:31 PM
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Default The problem with tax cuts now

is that we have a huge deficit. Asking the top 1% to pay more for being able to get rich in our economy is a small price to pay.

And while I probably disagree with wildbore 99% of the time, it is both politically and economically expedient to target tax cut at the voters - 75% of whom are middle class, have children who will attend college.

The GI bill is greatly responsible for our postwar economy. why don't these idiots see tax credits for college students as an INVESTMENT?

(by the way, I graduated from college in 1980, so I have no vested interest here.)
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Old 05-10-2006, 07:50 PM
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Default About an age of power no one had an hour to spare,

Perhaps you'll be happy to know that tax credits for college are phased out altogether at 107K for married couples regardless of how many kids in the family are in college (I HAVE FOUR, BTW). You may also be relieved to find that the maximum lifetime learning benefit is $2000 per family, not per student. Not only that but I'm sure you'd like to know that the tax deduction for interest paid on student loans dissappears for married couples with incomes of 135K or more. Happy now?

Anything I have to say to someone who does not believe I pay enough taxes would surely get me banned from the forum. You'll have to use your imagination.
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Old 05-10-2006, 08:00 PM
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Default Where the seeds have withered, silent children shivered, in

Ooops. I did not mean to imply that I am in the top 1%. Far from it.
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Old 05-10-2006, 08:11 PM
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Default I've already stated my position

What would you like me to say? You deserve a big fat tax cut? If you're looking for support, look toward JP, She's usually there for you.
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Old 05-11-2006, 05:09 AM
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Default .

Quote:
Originally Posted by The12thMan";p=&quot View Post
Perhaps you'll be happy to know that tax credits for college are phased out altogether at 107K for married couples regardless of how many kids in the family are in college (I HAVE FOUR, BTW). You may also be relieved to find that the maximum lifetime learning benefit is $2000 per family, not per student. Not only that but I'm sure you'd like to know that the tax deduction for interest paid on student loans dissappears for married couples with incomes of 135K or more. Happy now?
I full well know all of this. My wife and I pay an amount of taxes greater than the average American income. We aren't eligable for a lot of deductions, like college loan interest and such. But guess what? You wont hear a single complaint out of me, and you wont see me searching out ways to 'cheat' the system. It's the whole 'personal responsibility' issue. If I'm collecting a disproportionate amount of resources (in form of wages), then it is my responsibility to carry a disproportionate amount of the tax burden. Plain and simple.
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