Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Myrddin
I neglected to make it clear that the $3000 minimum applies to EARNED INCOME.
So the thinking seems to be to encourage & help working people even at the small end of income.
55 posted on 02/07/2008 6:30:21 AM PST by ajay_kumar (United we win, divided democrats win. How difficult is that to understand?)
[ Post Reply | Private Reply | To 26 | View Replies ]


To: ajay_kumar
The case I cited was my son's minimum wage job. Earned income. There are lots of with unearned income from pensions, 401k, rents, royalties, capital gains and interest. Earned income is subject to payroll taxes.

So the thinking seems to be to encourage & help working people even at the small end of income.

No, the thinking is buying votes from minimum wage earners who didn't pay as much in FIT as they will get with this giveaway welfare program.

If you giveaway a Big Mac to everyone seated in a football stadium and hand the bill to the top 5% of earners at the game, you have a good picture of this bogus stimulus package. It's too little to make much difference to the Big Mac eaters, but it will place a heavy burden on those selected to pay the bill...and who didn't even get a Big Mac in the process.

64 posted on 02/07/2008 8:23:14 AM PST by Myrddin
[ Post Reply | Private Reply | To 55 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson