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September, 2024

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Why does anyone want tax cuts?

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Danger.
Posts: 3476 - Karma: 58
Why the hell would anyone want tax cuts with the current economic situation in the US? Obviously, people naturally like to keep their money, understandable. But with the ongoing financial issues with the banks, the war in Iraq, the Social Security issues about to come forth as the baby boomers retire, and the health care costs to name a few, how can we possibly afford to give more tax breaks? Maybe I'm wrong (and there's definitely a chance I am) but we need to buckle down and get our budget back to a point where we won't be pushing on the edge of inevitable bankruptcy.

Like I said, I could be wrong, someone just please enlighten me.
Sep 29 2008 9:26PM
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skiminnesota
Posts: 9093 - Karma: 429
because i am a greedy person who doesnt care about the poor and old people, i only think about myself.

the rich need to be taxed more.

the 40million Americans that dont pay taxes, should be getting even MORE money from the government.

we need Universal healthcare.


WE NEED TO STOP SPENDING MONEY!


Sep 29 2008 9:30PM
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skithesprings
Posts: 9086 - Karma: 1,349
is this a joke?
Sep 29 2008 9:35PM
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RudyGarmisch
Posts: 25443 - Karma: 13,844
Yes, hes loves making up straw-man democrats so he can knock them down. Problem is, when you find yourself arguing with a dummy...
Sep 29 2008 9:38PM
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skiminnesota
Posts: 9093 - Karma: 429
so i am a dummy? haha i will have to go dig up some threads where the most i could get out of you was.. "you just like the feeling of your nuts twisted around your panties" hahahaha


see if you can find a pattern in my post....
Sep 29 2008 9:42PM
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RudyGarmisch
Posts: 25443 - Karma: 13,844
I just think is a ridiculous way of arguing, thats all. You just come off looking more outrageous than the ideas you suppose every opponent has.
Sep 29 2008 9:46PM
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Sno.
Posts: 12155 - Karma: 6,152
assphinctersayswhat?
Sep 29 2008 9:47PM
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wrenegade
Posts: 6631 - Karma: 41
These two things contradict themselves.

Thanks for coming out.
Sep 29 2008 9:49PM
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skiminnesota
Posts: 9093 - Karma: 429
dont take the post seriously, because the thread will be gone in a matter of minutes. 


but i would still stand by what i posted. WE NEED TO STOP SPENDING. 

the other was "bleeding heart lib" mixed with "crazy rightie"  neither of which i am.
Sep 29 2008 9:53PM
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Sno.
Posts: 12155 - Karma: 6,152

^yeah.

i definitely saw that first post as a joke, beause this thread was clearly not going to go anywhere.

Sep 29 2008 10:06PM
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Danger.
Posts: 3476 - Karma: 58
well fuck you guys i want an answer.
Sep 29 2008 10:34PM
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skiminnesota
Posts: 9093 - Karma: 429
you want to know why someone wants a tax cut?


why do you want to pay more taxes?


why do you want to work every monday, tuesday, and part of Wednesday to pay your tax burden?

did you know that some people pay 35% federal income tax, 9% state income tax, 7% social security, medicare, property taxes.....

hell im only 18 and this summer i had to work every monday just to cover my taxes, social security, and medicare. i have to work EVERY MONDAY, because  20% of my paycheck is taken away from me, i dont know about you, but i work DAM hard for my 10$ an hour paycheck. and I DONT WANT THE GOVERNMENT screwing around with my money, it is MY MONEY...

i work for my money.
Sep 29 2008 10:43PM
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Danger.
Posts: 3476 - Karma: 58
no shit asshole. i'm 18 too, and guess what, I work. but right now if this bailout package doesn't pass and shit gets worse, and then we cut taxes? goodbye america. i obviously don't think that taxpayers should cover for horrible decisions but i don't think there are many other options but to nut up and pay taxes. of course, i think the tax increases should be staggered so its proportional and the rich have to feel the same pain as everyone else. and before you go attacking that last bit, my parents and i fall into that category so don't think i don't understand the consequences.
Sep 29 2008 10:47PM
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beer.
Posts: 3096 - Karma: 44
how the hell do you pay so much money?  are you filling out your w4 form right?  cause if youre making 10 bucks an hour you should barely be paying anything.  pretty much just social security and medicare.

I lost about 40 bucks of my 300 dollar paycheck to taxes.  whatever, dont really care.
Sep 29 2008 10:48PM
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k-rob
Posts: 14217 - Karma: 2,891
the more you hike up the taxes, the less people are going to pay them. this doesn't mean that i am against you guys raising your taxes, it's just a fact.
if the U.S. is going to try and climb out of the hole it's dug for itself, it's going to take a lot more than a change in taxes. and LOWERING the taxes is probably the stupidest thing anybody could do at this point. so i say, raise the taxes, it'll probably help a bit, but you guys are gonna need a shitload more if you want to fix anything.



and don't mind me, i'm just canadian. sorry.


Sep 29 2008 10:49PM
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Sno.
Posts: 12155 - Karma: 6,152
i lose about 20%

i think it comes out to like 18, but i budget a 20% deduction.
Sep 29 2008 10:50PM
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skiminnesota
Posts: 9093 - Karma: 429
i think you and i have a deep difference of opinion, i come from the "small government" crowd.

o BTW where was i an "Asshole"? 

i believe in the supremacy of the individual, and the government causes so many problems.  i dont mind paying my "fair share" i dont think anyone does. but i do mind paying OTHER people's fair share. my parents easily have 50% of their single person income taken away.

but i also come from the 6th highest taxed state in the union, so to say i am "jadded" is an understatement.


Sep 29 2008 10:54PM
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Danger.
Posts: 3476 - Karma: 58
i completely believe in the supremacy of the individual, maybe not as much as you, but you either make or break yourself in my opinion. that said, this is a completely different type of situation that if not handled right can lead to the collapse of the US. whats at stake is way too high for this kind of attitude. lower taxes after we fix the problem at hand, don't make it worse.
Sep 29 2008 11:06PM
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Sno.
Posts: 12155 - Karma: 6,152
were you talking about someone specifically? Or one of the parties? Who is it that you're talking about that wants their taxes cut? Or are you just talking about people in general?
Sep 29 2008 11:11PM
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skiminnesota
Posts: 9093 - Karma: 429
but if you raise taxes, no one will want to invest in anything......


take the capital gains tax...... now lets say you have 20k in a high yield retirement, account, now if you took that money out you would be hit with capital gains taxes... i honestly dont know how high capitol gains taxes are now, but lets assume they are 50%...

now would you take that 20k out if it only amounted to 10k? no, you would leave it in there until you could collect it tax free... but lets say that the capital gains tax is 10%, would you take the money out and buy a boat?  there is a much better chance you might.... so now the government gets 10% on you  taking the money out, and they also collect sales tax when you buy that 20k boat. tell me, in which situation does the government collect more money?


again i dont know what the specific numbers are for my example, but i hope you can understand it.
Sep 29 2008 11:13PM
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skiminnesota
Posts: 9093 - Karma: 429
exactly, out of an 800$ paycheck. i have 160$ taken out. or 80$ a week... one day of work. 20%.

its 18 % or 19% but like you i just plan on 20%
Sep 29 2008 11:16PM
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Dirty.Harry.
Posts: 1779 - Karma: 351
can anyone answer for me how we eliminate the 9+ trillion dollar debt AND lower taxes at the same time?
am i missing something here or what?
Sep 29 2008 11:21PM
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user098123
Posts: 6072 - Karma: 18
I was 19 this summer and had $300 taken out of every paycheck so..... ya, complain complain. Sure it sucks, but its a necessary evil. Tax cuts aren't always the answer. Not to mention being young and a student you will get A LOT of money for your tax return. Will it cover all of your taxes? No and it shouldn't.
Sep 29 2008 11:31PM
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TheButterHashira
Posts: 9691 - Karma: 1,702
You can't cut taxes without cutting spending. Or at least not for long. Unfortunately once a government program becomes established it almost never dies. War is just another big government program. The sad reality is that until government stops spending they are going to have to have these high taxes.
Sep 29 2008 11:31PM
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user098123
Posts: 6072 - Karma: 18
Do you realize the huge effect war has had on our economy in the past? This one is obviously aboard the fail train because it was handled terribly, but still.

I can't stand how everyone is always against government spending. Sure a small government is great, but some spending can be for the greater good.
Sep 29 2008 11:36PM
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skiminnesota
Posts: 9093 - Karma: 429
how much were you grossing?

where do you live also? 


i do agree that it is a necessary evil, but here in MN MY taxes, pay for some of the most assanine things under the sun. 

again, small government, small taxes.
Sep 29 2008 11:37PM
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RudyGarmisch
Posts: 25443 - Karma: 13,844
Apparently, its just a matter of sound economics. You let the rich get richer, which then trickles down to eventually help you. Bush's policies that were originally hailed 'trickle down economics', actually, as it now turns out, uh, werent. We dont talk about Bush anymore. But they work! Trust it!
Sep 29 2008 11:38PM
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TheQuailman
Posts: 7382 - Karma: 147

This is a reason why anyone would want tax cuts.

Sparknotes:

Tax Cuts: people have lmore money to spend in the economy.

Tax Increase: people have less money to spend in the economy.

Tax Cuts

You cut taxes.  People earn more money for the work they are doing and they take that money and spend it.  Businesses are able to make more money because of a higher profit from more people buying their product.  The business has more money to expand, hire new workers, and pay them more.  Their workers get more money and spend it on other businesses, whose workers spend their money on other businesses.  The economy is prosporous. 

Overall American businesses and people are able to make more money.  The government in turn gets more money in taxes from the businesses and people and can pay off debt and provide social services.

Tax Increases

You increase taxes.  More people pay more taxes.  People have less money to spend on businesses.  Businesses do not make as much money with less people buying their product.  The chain reaction is set off and the economy weakens.  The government cannot get as much money from taxes when the economy is doing poorly.  The government cannot pay as much for social services.


Sep 29 2008 11:42PM
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RudyGarmisch
Posts: 25443 - Karma: 13,844
You really got to wonder about the psychology of it all though. I bet if you gave a group of 100 people $100 and told them that the economy is doing well they would spend it all at the fairgrounds, but tell a group of 100 people the economy is shitty and you'll see them start saving. 
Sep 29 2008 11:44PM
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user098123
Posts: 6072 - Karma: 18
I was making $650 a week and I live in Michigan. I was giving about %23 to the government. At the same time though- you said your taxes were pretty high but have you figured out how much you will get for a tax refund? You'll get a pretty substantial check from the state and federal government.

Ya it sucks, but the economy needs help. I don't think the 700 billion dollar plan was the best idea, but I don't think huge tax cuts are a good idea either.
Sep 29 2008 11:45PM
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skiminnesota
Posts: 9093 - Karma: 429

Sep 29 2008 11:54PM
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skiingonskis
Posts: 2076 - Karma: 262
funny how your boy mccain wants to stay in iraq, which has put us trillions of dallars in debt, but i guess wars dont count as spending.
Sep 29 2008 11:57PM
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skiminnesota
Posts: 9093 - Karma: 429
McCain is not my boy. i am not a Republican. 


see how this assumption thing works?

your boy Obama, is not that different on the war from McCain.
Sep 30 2008 12:00AM
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Rachy
Posts: 4355 - Karma: 2,761
Then here is a tip for you. Start writing letters to your congressmen. Research your vote. Make sure your friends are registered to vote. If you hear of a protest, go.

People have gotten lazy and think that blogging about their complaints is the best way to get anything done.

So seriously, if you feel like the government is being idiots when it comes to spending money, its your time to complain.

If all of a sudden all the reps start getting letters about how shitty they are doing.

I hate hearing that there are towns in Alabama that have chemical spill suits for everyone in the town. Now that is what I call a waste of money.

I'm a socialized libertarian. I think that there should be as little government as possible when it comes to personal freedom, but I also think that socializing healthcare/education would prevent a lot of welfare cases/people that go to prison and may be more now but would substantially decrease spending in the long run.


I also think the government should sell weed and tax it.
Sep 30 2008 12:08AM
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skiminnesota
Posts: 9093 - Karma: 429



i was here.



watch it.

you are from MN right? have you ever listened to Jason?
Sep 30 2008 12:10AM
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Rachy
Posts: 4355 - Karma: 2,761
I've been in LA my entire voting age life. I just came back to Minnesota like 2 weeks ago. I'm still registered to vote in LA though. Need to keep my residency there for the nearly free education. Sent out for my absentee ballot last week.
Sep 30 2008 12:12AM
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tommihq
Posts: 905 - Karma: 11
People are selfish.
Sep 30 2008 6:17AM
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Ender
Posts: 2348 - Karma: 112
people who want to cut taxes in the state our country is currently in are extremely short sighted
Sep 30 2008 9:23AM
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TheQuailman
Posts: 7382 - Karma: 147
Yes, I agree, at any time, some people will spend money, and some will save their money.  But think about it, despite a shitty economy, rich people are still going to spend money.  They may not buy a new house if they don't have to.  But they are still going to eat at expensive restuarants, go on luxury vacations, buy designer clothes, etc.  If they need a new computer or TV they are going to buy it.

However, when the economy is shitty, and the government gives rich people's money to the poor.  The poor does not spend more than the bare minimum.  They will not go on vacation, buy pricy clothes, spend more on food.  They save their money.  Second of all, the economic slump gives them motivation to work harder to reach the next level in their job or even get a job.

And then comes the concern of the welfare of the ulitmate bottom people.  How will they have enough food to eat, how will they not become ill and die?  Well ofcourse I believe in some structure of money flowing from the very top to the very bottom, but just enough to make sure those at the bottom don't die and can become educated to support themselves.
Sep 30 2008 10:24AM
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ferrinski86
Posts: 774 - Karma: 10
sorry, i havent read the whole thread cuz im on lunch break so i will read it later.

to answer your question, truthfully, taxes will go up no matter who is in office no matter what happens to the economy.

for some reason people but "taxes" into a general category when they should not. the government is in more taxes than we know what to do with. but im assume you are talking about taxes that we pay from our paychecks. naturally people want to keep their money and i know you stated that.

you cannot raise taxes during a recession because tax revenues actually decline slightly when you raise taxes. either way the government is going to get its money, we just may not see it happen. if we lower income tax rates, other tax's are raised to offset the decisions and keep it balance.

its not an argument about taxes, its about spending money and keeping it down. Both candidates will change the tax code (Obama will go crazy with spending, McCain will have to raise taxes as well to offsore all the government spending right now, and thats one reason im pissed at Bush right now for his insane spending).

people should not argue about taxes unless you have studied the tax code and thats what i studied in college. this is far 2 complex to discuss on NS, just like the financial state is very complex but we can still try! haha
Sep 30 2008 3:09PM
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