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The Tax Cut


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So is this the "What are we gonna do with the extra three bills that Daddy Bush is giving us?" forum? Hmm... I think I'm gonna snap up another Dynaco St-70! Then I'll convert that one and my current one into mono amps, and I'll have 70 (or so) watts per channel of tube bliss! Ahh...

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Carefull....I just heard on the radio today that some "I doubt it" group is saying that anyone making under $40k/year will get little or none of "their" $300.

Let's just hope this isn't another "From the rich", "For the rich", "By the rich" letdown that I'm all too used to.

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This message has been edited by tblasing on 06-07-2001 at 05:43 PM

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I was watching the seconds on my watch until this thread got a whiney, left-wing comment in the true vein of gore's push for class warfare. why do the dems promote this populist theme? because there are so many

many more votes to be had from the underperformers in this society who earn less, already pay less taxes & just keep looking for the handouts.

I paid over $40,000 in taxes last year. excuse me if I

get $300 & somebody who paid only around $2k gets $150.

and the libs are now thinking well he inherited money and/or came from a privledged family. not the case at all. my father was a lowpaid lumber jack in the Pac NW.

i had to take out loans from the government (now that's

at least a motivational & beneficial gov sponsered program) which i paid back in full with interest. risked my own capital to start a company from scratch while forgoing more income as i did when i was going to school. i now employ over 100 people who also pay their taxes as does the company itself. i won't even get into all the other taxes & fees that must be paid.

just something to keep in mind on these complaints about the rich. instead of dwelling on that, maybe it'd be better to take advantage of gov educational programs, which were increased with this tax bill, & improve your own situation.

oh, & I'll take my $300 and invest it rather than put it on red at the casino. which do you think is better for our economy & for ourselves?

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live long & prosper

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The rich pay the taxes! The rich deserve the most money back and the most decrease in the tax rates. A couple of years ago a survey showed the a large part of the population thought the government had its own money! That's because the lowest 50% of wage earners pay only 5% of all federal taxes paid. I paid less than half of what cybergeek did and I feel sorry he got clipped so hard.

We should ALL pay a flat 10% of whatever we make and there should be no deductions. If the federal government can't survive on that it ought to go bankrupt (or quit doling out my money, really). At least that way everybody feels uncle sam's blight, equally. This country used to stand for fair and equal treatment.

John

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quote:

Originally posted by cybergeek:

just something to keep in mind on these complaints about the rich. instead of dwelling on that, maybe it'd be better to take advantage of gov educational programs, which were increased with this tax bill, & improve your own situation.


Then don't force me to educate someone else even though it's not necessary for myself. I don't mind the working rich, it's old money in congress that I'm referring to. People give colleges WAY to much credit for producing quality. When was the last time you went to a class and actually had the professor teach and not a student inturn. If it has ever happened in your higher education you have grounds for failure to produce the product paid for. Where was the prof? Wrighting papers to give the institution more credentials to attract more students thusly to make more profit. I'll attend college when my job exceeds my (last measured) 178 IQ.

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quote:

Originally posted by tblasing:

Let's just hope this isn't another "From the rich", "For the rich", "By the rich" letdown that I'm all too used to.


thanks for your correction to the above. but one could have been confused that you meant all rich. so then you would be in favor of a flat tax as john advocates &

then taxing the wealthy w/ a higher death tax? but wait, how do you distinguish how they actually attained that wealth?

as for working rich, i agree to some extent to that concept as i hold in higher regard those who have worked to earn their wealth. as much so as the working poor who are trying to achieve it.

however, i have no sympathy for those that have quit trying. i believe the only function of the gov is to protect people from harm from other people and natural disaster. not to protect people from themselves.

if people have settled & are comfortable with their life that's fine. but they have no case to just bash wealthier folk as a whole & condone taxing people who make more income at higher & higher income tax rates. that defies all motivational & economic logic. if you want a prosperous economy that is.

educational assistance to the poor is necessary & not going away. what do u want an all out revolution on our hands? we have to at least try to prime the pump of knowledge, which btw includes technical schools/training.

now you have me confused though. if you advocate taxing the non-working rich more, then what's the gov to do with the money? just redistribute it to the poor?

that's what the liberals had everyone believing the last time they raised taxes. (btw, that had no 10 year moratorium on that like they do the new law). but where did the money go? clinton had to bite the bullet w/ the new republican congress & agree to use the surplus to pay down the debt caused by the massive democratic congress spending in the 80's. point is the poor got no benefit from the tax increase anymore than they get any benefit from the decrease.

I think we all have the same disdain for gov taxing & spending. just different values & views.

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live long & prosper

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All right Cybergeek. Well said (both times).

I plan to pool my $300 with my wife's and pile it on my kitchen table, admire it for awhile, then fill up the tank on the SUV. If there is anything left I imagine my wife and daughter will spend it on shoes.

The economy will then be bolstered.

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quote:

Originally posted by talktoKeith:

cybergeek,its a shame you are not as greedy with your opinions as you seem to be with your money.Please hoard

them all for yourself.

Keith

Ouch! The truth hurts don't it? Ayn Rand's working title for "Atlas Shrugged" was "The Strike".If you are under 30 and not a liberal you have no heart.If you are over 30 and not a conservative you have no brain.

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well i'm under 30 but still more on the conservative side. guess that makes me a smart *** Smile.gif

buylow, you can blame the energy problem on the willie admin. still too early, by about 2 years, to blame it on bush, though it's hilarious to see the liberals trying to do so along with the overall economy, stock market, etc.

good ole boy. i don't know why you would call me greedy w/ my money though i agree on the opinions part. you must read pretty fast. too fast i guess as I am the one who supported government sponsered educational loans and programs. you may have used a student loan if you ever did attend UA. But I give more money to charity than you probably gross in a year so why don't you stick to your Billy Carterish humor & selling used speakers out of your trailer. You seem pretty materialistic with all the speakers. Ever try investing? i mean in something else like a stock or mutual fund, not Clinton's definition of an investment.

Again, this was started by a political oriented thread

& again another anti-conservative, pro-liberal quip. So if the liberals on this board have any more, bring it on.

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live long & prosper

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I think this post is hilariuos, im getting 600.00 back anyone want to sell there cornerhorns? LOL

ill buy in top piece off one, LOL!!

If a person would look on ebay, they might get lucky to find a pair of Heresys for 300.00 that need work!!

Wood ETC!!

If i buy anymore stuff ill need to build a second room here!! Funny Regards Jim

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I am going to take my refund - if I ever get it and if it is as much as you guys say and spend some on the fish tanks - two of them need new hoods - maybe get ALK's cross-overs - fix my headphone amp - clean up the new house and have a housewarming party - and if someone comes along who needs some of it - I will give them some too - the older I get the more liberal I become ...

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Lets just getting something straightThere are people who abuse the welfare system, but the majority of people are on welfare are only on it for two years. In fact that is the average.

For those complaining about spending $20000 on taxes, I envy you. Try living only on that for a year. My family is very hard working. We spend little time at home and yes or income is about $20000. Believe me it is not easy. My parents were divorced when my brother and myself were very young. My mom couldnt find a job. Which wealthy person would hire a poor single woman with two babies!!! So yes, we lived on welfare a few years so my mom could finish her college education.

Let me just say welfare was not a picnic. How many people here have had to search for pennies in the middle of a month just to buy a half gallon of milk. How many people had to walk to the grocery store because the car didnt want to start in sic inches of snow.

I am not attacking all wealthy people. I am just saying before you attach a very LARGE population based on stereotypes learn about them. You may be surprised. For the record I do not agree with people living on welfare for several years. There should be a limit. People should use to get back on their feet like my mom. I pisses me off to hear about people abusing a program like welfare. The facts show they are a small majority.

As for the tax cutit scares me. I would love to get $300 back and I would probably buy something I dont need. My questionwhat long term effect will it have on our economy? The last time a Republican cut taxes we entered a depression. Are we ready for that again? That is a lot of money to give back to the people overall. Lets not forget the deficit caused by the last tax cut. Will the current cut make this worse? We will not know the effects for many years. I pray Bush will not harm use too much!!

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You want unfair...

The wealthiest 1% in the United States controls 50% of the WORLDS weath.

How do you sleep at night?

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Hey guys, im only making 22,000 a year and supporting a wife and 2 kids, maybe i shouldnt have jokingly stated on this!

This is the Klipsch web site, lets have fun, were into audio here not politics!

All i know is i want to be dead when the kids now are president!! LOL

What will be left by then, i really feel sorry for my kids, god help them!!

Jim

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quote:

Originally posted by bensilb:

The last time a Republican cut taxes we entered a depression. Are we ready for that again? That is a lot of money to give back to the people overall. Lets not forget the deficit caused by the last tax cut.


Your right Ben, it's the taxpayer's money, what right do the people have to keep it?(sic) Along with every tax cut should also be an (at least) equal government spending cut for absurd special interest programs, which I believe do little more than continually line the pockets of members of congress and any non-member that had enough money to buy themselves their on personal politician.

Why we get taxed twice on the same money we make is beyond me. We earn the money and get taxed by the feds, state (except a few) and local governments THEN taxed again by the state in the form of sales tax. A flat income tax of ten percent paying all gov't, state and local taxes sounds good to me. The more money I have (left) will enable me to buy more product, enable the state to collect more sales tax and allow me to have more of what I want or need. Whether it be material or not. Not to mention that spending that money also puts people to work.

This message has been edited by tblasing on 06-09-2001 at 12:37 AM

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