Quote:
Originally Posted by GatorB
You need to get the fact that if you paid much lower taxes then the money would have to be paid by the millions of por peole who can't afford it and that will totally ruin the economy. If you are successful then it's because you live in America not N Korea and it takes a lot of money to run America. If the communist had taken over America would you be suscessful? No. Nothing is free, especially freedom.
Fact is rich people got their tax break 7 years ago. They got the top rate reduced from 39% to 35% for someone making $500K that's a $6400 savings just on the part subject to the 35% tax rate. Why would they bitch about Joe Lunchbucket getting $600? Not to mention they got their capital gains rates cut too.
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I'm not talking about anything being FREE...For fucks sake man..I pay 48.3%. 33% + 15.3 for self employment. I don't know of many of my friends paying anywhere near that much, nor do I know of any of my friends who do not GET BACK money during tax season. I'm not talking about my friends in this industry, but my friends in the outside world.
I don't cheat my taxes, I report every cent, all of my deductions are justified, documented and are poured over by my accountants. I pay my taxes quarterly and I don't search for any tax shelters or anything like that. I also was far from rich or even comfortable 7 years ago, but I was STILL paying 30.3% with self employment and I was too dumb to take writeoffs. To top it all off, the accountants rape me for a nice chunk yearly as well... Trust me, if this rebate were helping the majority of people survive daily, I'd be all for it. Unfortunately this country has fallen into the trap of people buying luxuries that they cannot afford.
Anyways, as always when you and I debate, we're way off the beaten path. My summary: The US economy won't be helping a damn thing by taking out this much money to give people a few bucks to buy LCD TV's with (yes...Sony is already seeing an increase in lcd and plasma sales based on people spending their rebates before they arrive). After it's all spent, Americans will just go right back to CC's and other means which will further sink our economy. Do you disagree?
The economy would be much better off if they'd re-balance the budget and allocate spending towards other things besides defense. Maybe dump some more cash into education, law enforcement, etc. How about into Social Security so that some of us may see the money when we need it to SURVIVE.
