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Posted on 11/30/2008 2:16:43 PM PST by crusty old prospector
Mine, too. I mean it.
Precisely, however it is pretty much like that now (but the corrupt IRS tax system gives it a vineer of stability because of the unknowing public 90%)..
How about cutting non-defense-related spending by 1.2 trillion dollars a year and make the tax-elimination permanent? Government, by its very NATURE, cannot deliver REAL value to anything.
I’m all for dramatically cutting spending and taxes but that’s not what this proposal is about. This is the same old cut taxes but spend and borrow even more.
you have to balance the budget. Cut spending and permanently cut taxes to grow the economy.
A tax holiday won’t grow the economy because we’ll just have higher interest payments and higher taxes after this is over. We also wouldn’t be able to defend the country from any crisis.
>you have to balance the budget. Cut spending and permanently cut taxes to grow the economy.
That is true, but you can’t “balance the budget” like they do in Congress; they need to go back to the Rules of Basic Economic Stability:
1) Do NOT spend money that you do not have.
2) Do NOT live beyond your means. (Do NOT spend more than you make.)
3) Repay your debts quickly. The borrower is servant to the lender.)
4) Consider the cost of a purchase.
5) Do NOT risk what you are not willing to lose.
Are you single? ;)
Oh crap, I'm not. Forget that question! LOL!
This is a bailout that would actually work.
I can't think of one good reason to do that.
The same way it happens at my house - cut spending.
On thing a tax holiday on withholding would do is once and for all show the individual how much money is really being taken from them in taxes. Most people just look at there net, but now there net would be there gross, except for insurance and 401k contributions.
I don’t defend the high rate of taxation. Cut taxes, cut welfare spending and balance the budget.
But to have zero taxes, have the govt go broke and then we end up in super debt and possibly even default? hell no.
“The same way it happens at my house - cut spending.”
this plan doesn’t do that. It’s keynesian stimulus and all temporary.
OUTSTANDING IDEA!!!!
Seriously, what an excellent idea. Do it one time, and let it ride.
It is SO MUCH BETTER than handing this assholes TRILLIONS of dollars we are NEVER going to see again.
I could do A TON with $30,000.
You also have to think about the future. You can’t just say you balanced the budget this year by plugging a few holes when you know you’ll have an enormous deficit 5 years from now because you didn’t want to deal with medicare.
Rules #4 & #3. Consider the cost of something, be quick to pay your debts together means that you know how much something will cost, plan for it, and act accordingly.
>> U.S. Rep. Louie Gohmert, R-Tyler, proposed that the U.S. government stimulate the country’s economy by collecting no federal income tax this year.
Some call this ‘brain storming’.
“Yep, I have voted for him three times myself.....”
You could have...if you’d registered Democrat....
OK, let me clarify. Three times in three separate elections two years apart. There, I wouldn’t want to be accused of being a Democrat.
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