Quote:
Originally Posted by Vendzilla
so any business that makes over $250K doesn't get a tax break, aren't those the business's that hire people? Isn't that important to the economy?
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Businesses don't pay as much in taxes as everyone claims. There are enough loopholes to drive a Hummer through (literally) and every accountant worth even $50 per month knows all about them. The effective tax rate for Google is around 2%, legally, thanks to the way laws are setup. Try doing that on a 30k a year income.
Quote:
Originally Posted by Ethersync
Well, no one who was newly elected has taken power yet and this new "stimulus" was known to be coming for awhile now. I agree that for most of the Republicans that were elected it will likely just be politics as usual and they won't do much, but I am very confident that some will. The Paul family alone will be well placed next year to really put the heat on Bernanke et al. Furthermore, attempting to tax our way out of this mess is suicidal.
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I wasn't saying they voted it to pass, I was commenting on the timing by the Federal Reserve.
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