But, I thought the only people who got tax cuts were the rich?
No wonder there are so many willing to vote for politicians who turn around & pass taxpayer-funded congressionally-mandated crap these days.
I have a strong feeling this will all end very badly and soon.
Even worse, consider the abomination of Earned Income Credit. Millions of people pay NO taxes whatsoever, AND get thousands in “refunds.” For businesses that cater to the lower rungs of the socio-economic ladder, Tax Season, not Christmas, is the #1 season of the year. The recipients view this (accurately!) as free money, and they treat it as such. Great time of year for selling jewelry, car wheels, and other such “essentials.” And, if you’d like to be yet a little more infuriated on this fine day, rest assured that tons of these recipients have this system perfected to an art. They know exactly how much they need to earn during the year in order to qualify for the max “refund.” Many of them will stop work to avoid exceeding some number that might reduce their “refund.”
The EIC is the scam of all scams and I bet half the people of this country have no clue what a stupendous ripoff the whole thing is.
MM
It’s easy to zero out my self-employemnt taxes. Just following the law.
happily, a lot of us might just be forced to into lower incomes because of bama.../sarcasm/
FIRST LAW OF SYSTEMS:
IF YOU BUILD IT, PEOPLE WILL GAME IT.
don't believe me?
Just ask Harry Reid.
http://www.youtube.com/watch?v=R7mRSI8yWwg
and THIS is the brainiac that is making laws WE have to live with.
I’m one of the ones that pays through the nose.
And I’m very bitter about it.
this how you create an oligarchy...with progressive taxation..the rest of the country sells the government to the top 10% of income taxpayers....
http://www.taxfoundation.org/news/show/22652.html
In such a country...your OPINION about YOUR healthcare only gets in the way of the Oligarchs’ plans....read, learn and act...now!!
A government who robs Peter and gives it to Paul will always have Paul’s support.
Like Dear old Dad always said - - “Once the parasites outnumber the producers in this country, it’s all over.”
Congratulations to the Democrats. They “won”.
If you think you can trust the government just ask the Indians. AMERICAS ENEMYS;THE DIMOCRATS AND ISLAM. No I didn’t misspell dimocrat.
A year ago congress was bailing out the banking industry to the tune of $1 trillion. Then it was bailing out the auto industry. This week it’s socialized medicine. Next week it’ll be cap and tax. This an addiction to power and spending fueled by ever increasing debt. The demand isn’t going to abate until there is simply no more money to be spent.
Demand based solutions aren’t going to work. No junkie comes clean unless he/she has to. We need to start looking at supply side solutions. We need to cut the supply of money. The irony here is that conservatives are enabling the socialism.
One part of this is the tax burden that conservatives willingly carry. If you have taxable investments when tax free or tax preferred ones are available....why? Do you enjoy paying for this? Conservatives need to start thinking a little more about the tax implications of their actions.
Own savings bonds? T-bills? GNMAs? Are they the underlying investment in your money market account or 401(k)? If the answer is yes, then you’re subsidizing this just as surely as if you had scratched a check.
But what about the 5 ton elephant in the living room: the national debt? The ability to fund all this is tied to the ability to borrow. What if conservatives simply pushed for a polcy of repudiating the national debt, or more specifically that portion entered into since January 2009?
Therein lies a game changing strategy.