I just want to take a quick poll...

[JET]

How can lowering taxes ever help a country which is trillions in debt and struggling to balance the budget? There is no proof that lower taxes means more spending, especially in a recession. People are more likely to save the money as they do not know how bad times are going to get. I know that I didn't do anything special when I recieved my stimulus check, did you?? It just went in my account and was used like normal. No increase in spending.

Now how about actually reading my post? I know you have taken economics classes, so you know lower taxes raise the amount of money in the economy. A stimulus check is not lower taxes. Lower taxes will always mean more money in the economy, whether the money is in a bank where they can use it for more loans or if it is spent. I said nothing about this being good for the country's budget. So if your stimulus check "went into your account and was used like normal", does that mean you spent the money and it went into the economy?

[slowbubblecar]

[QUOTE=MATCHBX;263720]Sorry that I misspoke myself. It was a home improvement loan that she needed use up the money from. She wasn't looking for a tax deduction, just not get hit at the end of the year.
QUOTE]

Either way, you aren't taxed on loans. Taking a loan out doesn't constitute income so you aren't taxed on obtaining a loan. Just because you borrowed money, doesn't mean you don't have to repay it.

[scheides]

Holy Rant / Ownage by John. Impressive.

Only comment I'll make is about 'using up leftover money from a loan'....that is redonk...use that cash to pay down the loan, it's not free money....

[slowbubblecar]

Dumb. theres not going to be many people making 200k a year, but the few that do need to spend money to keep our economy going, but that wont happen because all their hard earned money is being taken. sweet.

Since you appear to be an expert... If I have a business with profits of 1 million before taxes, how much MORE will be TAKEN from me next year than right now? I am sure there will be just as many people making 200k a year. If you think CEOs making millions a year keep our economy going, you are stupid. I am sure the CEOs feel they NEED to spend money just to keep the economy going.

[john]

Now how about actually reading my post? I know you have taken economics classes, so you know lower taxes raise the amount of money in the economy. A stimulus check is not lower taxes. Lower taxes will always mean more money in the economy, whether the money is in a bank where they can use it for more loans or if it is spent. I said nothing about this being good for the country's budget. So if your stimulus check "went into your account and was used like normal", does that mean you spent the money and it went into the economy?


Ok, this is for sure my last post on the thread, but I want to respond to this.

I did read your post, I talked about the stimulus check as the stimulus check is also a way of keeping money in the economy. What is the difference if the government lowers your taxes, or takes your tax, and gives money back???? No difference, it has the same effect, more money in the economy.

As far as my check went, my spending did not increase because of it, nor do I know anyone who said, "wow, I can go buy this now."

Matchbox - If I see wrong information, I am going to try and correct it. I am a tax accountant (business taxes) and know that most people don't care about taxes aside from wanting to pay less. Taxes didn't get us into this mess, and they are not going to get us out.

It has a bad few years for the republican party mostly because the state of our economy. Not that it is Bush's fault, or the republicans, but it is easy for people to point the finger at the man at the top.

Ok, now I am done on here. Maybe someone should payban me to raise money for the site as I probably pissed alot of you off :)

[Pushit2.0]

So again, in what ways was/is Mcain better/worse then Obama? If Bush/Republicans had 8 years of trying to run the USA, aka Team America, but I think its time for a change, if it turns out better/worse then it is now is yet to be seen.

We had a 401k rep in this week at work and he gave us his idea has to whats happening/going to happen with the stock market at least. He thought the market would test the bottom 1 more time and into middle/late next year start to climb again. At least are unemployment rate is ~8% and in the great depression it was ~25% and we have had a hand full of major banks close, back then it was thousands, and people get paid back now days.

I do not see a big problem with paying a little more in taxes, the government needs to get money from somewhere, its not like we have money trees. Also I saw a thing on Modern Marvels and when banks need money the Mint just makes it, that seems a little odd to be, but what ever works I guess.

~John

[Goat Blower]

It's kinda funny how many people actually think you have to make over $200k to be taxed by Obama's plan. His prior voting records shows he'll tax anyone that actually pays taxes, which starts at $42k/year. Even his own campaign promises started at anything over $300k/year and got down to $150k/year, so all this crap about "sticking it to the CEO's" is crap. Half of my friends make over $150k/year, none of them are CEO's.

And paying more taxes will help? We couldn't pay enough taxes to cover the trillions in spending Obama is already proposing. Say you go out to your favorite watering hole and your beer is normally $4. The bartender decides it'd be better for him to charge $5 for that beer because now he could spend more. Does paying that extra dollar make your beer taste better? Will the bartender treat you better for it? By some of the comments here, I'd guess you would happily pay $5 for your beer when it was $4 and nothing else changed but the price. But in reality, I'd bet you'd take your business elsewhere.

And a quick history lesson. What president did the economy flourish the most under, Jimmy Carter or Ronald Reagan? Take a guess which one raised taxes and which one lowered them.

[slowbubblecar]

It's kinda funny how many people actually think you have to make over $200k to be taxed by Obama's plan. His prior voting records shows he'll tax anyone that actually pays taxes, which starts at $42k/year. Even his own campaign promises started at anything over $300k/year and got down to $150k/year, so all this crap about "sticking it to the CEO's" is crap. Half of my friends make over $150k/year, none of them are CEO's.

And paying more taxes will help? We couldn't pay enough taxes to cover the trillions in spending Obama is already proposing. Say you go out to your favorite watering hole and your beer is normally $4. The bartender decides it'd be better for him to charge $5 for that beer because now he could spend more. Does paying that extra dollar make your beer taste better? Will the bartender treat you better for it? By some of the comments here, I'd guess you would happily pay $5 for your beer when it was $4 and nothing else changed but the price. But in reality, I'd bet you'd take your business elsewhere.

And a quick history lesson. What president did the economy flourish the most under, Jimmy Carter or Ronald Reagan? Take a guess which one raised taxes and which one lowered them.

One of the local TV networks said McCain's plan would have put the country in more debt than Obamas plan. Seeing as their credibility is important, I don't think they were making it up. Nobody knows what would happen when either canidate is in office anyways. Either one could do something completely different than what they said when campaining.

What would it have been like with a Pres and VP that barely even speak to each other? It doesn't sound like McCain and Palins people were getting along too well. He wouldn't even let her speak when he was giving up.