Obama +1

Onkel Neal · 01-05-09, 12:25 PM

Obama: $300 billion in tax cuts

President-elect begins push on Hill for rescue proposal. On tap: Breaks for workers and businesses, energy and road and school construction.

Now we're talking. Combine this with non-NASA/defense/border spending cuts and I'll put an Obama sticker on my Suzuki.

Except this part, it's stupid to give tax rebates to people who don't even pay taxes

Quote:

The tax credit is likely to be offered only to those below a certain income level, but the Obama team hasn't specified where the cut-off point would be. The credit also would be refundable, meaning that even tax filers without any tax liability -- typically very low-income workers -- would receive one.

Frame57 · 01-05-09, 12:33 PM

Yep! I agree and people that do not pay or have spouses pay into social security should not get that either.

DeepIron · 01-05-09, 12:41 PM

Quote:

Except this part, it's stupid to give tax rebates to people who don't even pay taxes

Here, here! Absolutely, if you don't pay in, you don't get back...

AVGWarhawk · 01-05-09, 12:47 PM

Yes, you got to give a little to get a little.

Digital_Trucker · 01-05-09, 12:55 PM

Quote:

Originally Posted by Neal Stevens

Except this part, it's stupid to give tax rebates to people who don't even pay taxes

How else is he gonna "Spread the wealth" without enacting more transparent methods. This is a really easy way of spreading tax dollars to deadbeats without the majority of taxpayers even noticing. [Dons asbestos suit in anticipation of flaming for use of the word deadbeat:rotfl:]. And yes, to those about to flame, I understand that the proposal says "working people" who don't pay tax. I'd like to see a definition of working people before I agree with it. Does this mean someone who works 2 weeks a year?

Edit : Does his definition also include those of us who are unable to work and have no other taxable income? If it does, I'll shut up and take my check

Tchocky · 01-05-09, 01:13 PM

Quote:

Originally Posted by Neal Stevens

Except this part, it's stupid to give tax rebates to people who don't even pay taxes

Quote:

The tax credit is likely to be offered only to those below a certain income level, but the Obama team hasn't specified where the cut-off point would be. The credit also would be refundable, meaning that even tax filers without any tax liability -- typically very low-income workers -- would receive one.

It's actually a great idea. Incentivises people to work harder, now that pay rises will not be taxed as severely.
Also, anything that puts more money in the pockets of those on low incomes will help th'economy. They're much more likely to spend increases in wealth, instead of saving. Obviously both spending ans saving is required, but the economy needs to speed up.

A tad Keynesian of me, but it's en vogue

Hitman · 01-05-09, 01:21 PM

Quote:

Except this part, it's stupid to give tax rebates to people who don't even pay taxes

But they certainly do. They pay the indirect taxes, i.e. all taxes that increase the price of everything you buy. For example, gas, alcohol drinks, cigarrettes, etc.

Whatever they buy to eat, drink, dress or move, it has an indirect tax on it (VAT here in Europe).

Zachstar · 01-05-09, 02:54 PM

Those are state taxes.

Anyway.. I am not too much of a fan of these tax cuts. The last thing we need right now are more tax cuts...

At this rate the ONLY way he is going to be able to afford all of his promises is to vastly cut the military.

Stealth Hunter · 01-05-09, 02:57 PM

But they're still taxes.

Sailor Steve · 01-05-09, 03:46 PM

Quote:

Originally Posted by Stealth Hunter

But they're still taxes.

I disagree. The Federal Income Tax is refunded by the Feds because they often 'accidentally' take too much. A tax cut is supposed to help the economy by giving back some of that. Giving it to someone who didn't pay it in the first place is wasteful, to say the least.

That said, I took one of those 'Deadbeat' refunds, since it was there, which makes me a hypocrite, or at least conflicted. But I'm in good company with John Stossel, who reported himself as a welfare queen for taking offered government money to repair his beach house, saying he was against it but he'd be a fool not to take it when offered.

nikimcbee · 01-05-09, 10:05 PM

Quote:

Originally Posted by Neal Stevens

Obama: $300 billion in tax cuts

President-elect begins push on Hill for rescue proposal. On tap: Breaks for workers and businesses, energy and road and school construction.

Now we're talking. Combine this with non-NASA/defense/border spending cuts and I'll put an Obama sticker on my Suzuki.

Except this part, it's stupid to give tax rebates to people who don't even pay taxes

Quote:

The tax credit is likely to be offered only to those below a certain income level, but the Obama team hasn't specified where the cut-off point would be. The credit also would be refundable, meaning that even tax filers without any tax liability -- typically very low-income workers -- would receive one.

I'd pay money to see that bumpersticker.:rotfl:

nikimcbee · 01-05-09, 10:07 PM

I we get a refund, I'll spend mine on a NRA membership.

Hitman · 01-06-09, 05:09 AM

In the end it's all a matter of ecomical decissions. You give money away to people, they spend it and a big part of it returns to the state via taxes, if not all. Or you give money to the banks and they loan it to the citizens because their business is to get an interest rate, not simply to store it. Since any transmission of goods or services has a tax cost, as long as the money keeps circling around the state and the citizens benefit from that. The real problem comes when the money stops moving, and that's what has happened here. They are now truly desperate to get it moving again.

The rest of it all -who to give the money first- is more a political than an economical consideration, as it will in the end come back to the state via taxes.

1480 · 01-07-09, 12:38 AM

See the problem that most people have about a "tax cut" "tax rebate" or whatever cute moniker they attach to it is one must assume that in order for you to get the benefit, you must put into it. Not with the chosen one's plan. Suck off the welfare teat, guess what, you get the same benefit of a check that someone who has to work their a$$ off will get. Getting high and popping out childrens does not constitute work, nor being a contributing member to society. That is why some get a bit worked up about this. Fornicate this socialism bull stool...

Aramike · 01-07-09, 03:47 AM

Look, I'm totally and completely against giving tax dollars to those who don't pay taxes to begin with.

However, that being said, I believe those individuals constitute a distinct minority. Therefore, if giving them a few bucks will also put money back in ACTUAL taxpayers' hands, I'm all for it.

I'd rather real people have the money instead of government any day.

01-05-09, 12:33 PM	#2
Frame57 Sea Lord Join Date: May 2008 Location: 1300 feet on the crapper Posts: 1,860 Downloads: 2 Uploads: 0	Yep! I agree and people that do not pay or have spouses pay into social security should not get that either. __________________ "My Religion consists of a humble admiration of the illimitable superior spirit who reveals himself in the slight details we are able to perceive with our frail and feeble minds." Albert Einstein

01-05-09, 12:47 PM	#4
AVGWarhawk Lucky Jack Join Date: Jun 2005 Location: In a 1954 Buick. Posts: 28,261 Downloads: 90 Uploads: 0	Yes, you got to give a little to get a little. __________________ “You're painfully alive in a drugged and dying culture.” ― Richard Yates, Revolutionary Road

01-05-09, 02:54 PM	#8
Zachstar Sea Lord Join Date: Feb 2005 Location: Shreveport, Louisiana Posts: 1,956 Downloads: 13 Uploads: 0	Those are state taxes. Anyway.. I am not too much of a fan of these tax cuts. The last thing we need right now are more tax cuts... At this rate the ONLY way he is going to be able to afford all of his promises is to vastly cut the military. __________________

01-05-09, 10:07 PM	#12
nikimcbee Fleet Admiral Join Date: Jul 2003 Location: Patroling the Slot. Posts: 17,952 Downloads: 90 Uploads: 0	I we get a refund, I'll spend mine on a NRA membership. __________________

01-06-09, 05:09 AM	#13
Hitman Pacific Aces Dev Team Join Date: Sep 2002 Location: Spain Posts: 6,109 Downloads: 109 Uploads: 2	In the end it's all a matter of ecomical decissions. You give money away to people, they spend it and a big part of it returns to the state via taxes, if not all. Or you give money to the banks and they loan it to the citizens because their business is to get an interest rate, not simply to store it. Since any transmission of goods or services has a tax cost, as long as the money keeps circling around the state and the citizens benefit from that. The real problem comes when the money stops moving, and that's what has happened here. They are now truly desperate to get it moving again. The rest of it all -who to give the money first- is more a political than an economical consideration, as it will in the end come back to the state via taxes. __________________ One day I will return to sea ...

01-05-09, 02:57 PM	#9
Stealth Hunter Silent Hunter Join Date: Nov 2006 Location: Y'ha-Nthlei Posts: 4,262 Downloads: 19 Uploads: 0	But they're still taxes.

01-07-09, 12:38 AM	#14
1480 Lead Slinger Join Date: May 2007 Location: Chitcago, Illinoise Posts: 1,442 Downloads: 74 Uploads: 0	See the problem that most people have about a "tax cut" "tax rebate" or whatever cute moniker they attach to it is one must assume that in order for you to get the benefit, you must put into it. Not with the chosen one's plan. Suck off the welfare teat, guess what, you get the same benefit of a check that someone who has to work their a$$ off will get. Getting high and popping out childrens does not constitute work, nor being a contributing member to society. That is why some get a bit worked up about this. Fornicate this socialism bull stool... __________________

01-07-09, 03:47 AM	#15
Aramike Ocean Warrior Best of SUBSIM Chairman Join Date: Dec 2008 Location: Milwaukee, WI Posts: 3,207 Downloads: 59 Uploads: 0	Look, I'm totally and completely against giving tax dollars to those who don't pay taxes to begin with. However, that being said, I believe those individuals constitute a distinct minority. Therefore, if giving them a few bucks will also put money back in ACTUAL taxpayers' hands, I'm all for it. I'd rather real people have the money instead of government any day.