Bush Tax Cut - Round 2

[LunarRay]

Originally posted by: rufruf44

Originally posted by: HJD1

Originally posted by: bigdog1218

How the heck can someone afford to raise two kids with both parents working when they only make 26K/year?

Exactly.

Ya move to Lybia or somewhere like that.... 26K$ pays for the electric bill and maybe the water bill.

Good grief, all of you people live in SF or something? $26K is enough for a family of five. They'll drive a beater, live at a low rent apartment and can't afford vacations and lots of gadgets, but they'll survive, especially in the south where cost of living is lower.

Yeah, that's what I meant... Lydia, Kansas or Arkansas or Alabama... not NYC or California.

 

[BOBDN]

Originally posted by: CPA

Originally posted by: shinerburke
After reading the opening sentence "Millions of low-income families were cruelly denied child credits in the administration's latest detaxation victory" I immedietly stopped reading. You can't give a credit to people who pay no taxes....that's not a credit....it's a handout.

Took the words right out of my mouth. Unfortunately some people, BOBDN, HJD1, Moonbeam will never ever understand.

So, let me get this straight. You wont read a news report you disagree with......................but I'm the one who will never understand. Is refusing to consider opinions other than your own the road to enlightment?

CPA, you're right out of Aldous Huxley's "Brave New World."

 

[BOBDN]

Originally posted by: HJD1

Originally posted by: bigdog1218

How the heck can someone afford to raise two kids with both parents working when they only make 26K/year?

Exactly.

Ya move to Lybia or somewhere like that.... 26K$ pays for the electric bill and maybe the water bill.

HJD1...........How ya' been?

I have to ask this 'cause the post I quoted above doesn't sound like your other usual well thought out brilliant posts.

Has your son been sneaking on your computer while you step away and posting as you again?

 

[MonkeyK]

Originally posted by: CADkindaGUY

Yeah, you missed the point I meant that I no longer have to worry about paying too little in taxes Sorry - I should have been clearer

CkG

Yah, needing to pay taxes is a problem that I really don't mind having:gift:

 

[shiner]

Originally posted by: BOBDN

Originally posted by: CPA

Originally posted by: shinerburke
After reading the opening sentence "Millions of low-income families were cruelly denied child credits in the administration's latest detaxation victory" I immedietly stopped reading. You can't give a credit to people who pay no taxes....that's not a credit....it's a handout.

Took the words right out of my mouth. Unfortunately some people, BOBDN, HJD1, Moonbeam will never ever understand.

So, let me get this straight. You wont read a news report you disagree with......................but I'm the one who will never understand. Is refusing to consider opinions other than your own the road to enlightment?

CPA, you're right out of Aldous Huxley's "Brave New World."

That's not a news report...it's an editorial disguised as a news report. Wanna know how to tell the difference? Here's a clue....news reports don't normally start out with a sentence like "Millions of low-income families were cruelly denied child credits in the administration's latest detaxation victory"

 

[LunarRay]

Originally posted by: BOBDN

Originally posted by: HJD1

Originally posted by: bigdog1218

How the heck can someone afford to raise two kids with both parents working when they only make 26K/year?

Exactly.

Ya move to Lybia or somewhere like that.... 26K$ pays for the electric bill and maybe the water bill.

HJD1...........How ya' been?

I have to ask this 'cause the post I quoted above doesn't sound like your other usual well thought out brilliant posts.

Has your son been sneaking on your computer while you step away and posting as you again?

Howdy,
Nah... I've been awake too long at times When a sudden urge to be ordinary overwhelms me.

It seems, at times, that not enough tax cut is way too much too some and too little to others. But, For the folks within the income bracket that excludes them from getting the 400$ child tax credit check in July defeats the objective of the cut while they leave open or at least unmentioned the affect of small corporations ("C") moving payroll into dividends and allowing those folks to escape all tax, Fica etc. to the extent they do move to a dividend scenerio... perhaps it is ok by the tax cut fellows but when the logic is matched against the $400 credit obviation... I start to shudder..

 

[CADsortaGUY]

Originally posted by: MonkeyK

Originally posted by: CADkindaGUY

Yeah, you missed the point I meant that I no longer have to worry about paying too little in taxes Sorry - I should have been clearer

CkG

Yah, needing to pay taxes is a problem that I really don't mind having:gift:

I'm not sure what you are getting at but I make enough money now to not have to worry about paying nothing in taxes. Or how about - My AGI for our household was around 65,000 - not the 27000 it was just a couple short years ago. I'm not rich, but I am not "poor" so I don't fall into the category of those that don't pay Fed income tax.

CkG

 

[MonkeyK]

When the cost of tax cuts are figured, do they include behavioral changes (people changing the way they make money and pay taxes to maximize benefit)? Or is it strictly based on the way things currently work?

 

[BOBDN]

Originally posted by: CADkindaGUY

Originally posted by: MonkeyK

Originally posted by: CADkindaGUY

Yeah, you missed the point I meant that I no longer have to worry about paying too little in taxes Sorry - I should have been clearer

CkG

Yah, needing to pay taxes is a problem that I really don't mind having:gift:

I'm not sure what you are getting at but I make enough money now to not have to worry about paying nothing in taxes. Or how about - My AGI for our household was around 65,000 - not the 27000 it was just a couple short years ago. I'm not rich, but I am not "poor" so I don't fall into the category of those that don't pay Fed income tax.

CkG

I get the point now. You no longer have to worry about not paying because you're paying now that your income has increased. Just for edification of those who think living on 27000/yr in wages is paradise (been there, done that, they're wrong IMO), would you rather earn your current income and pay more in taxes or go back to your previous income CkG?

 

[BOBDN]

Originally posted by: HJD1

Originally posted by: BOBDN

Originally posted by: HJD1

Originally posted by: bigdog1218

How the heck can someone afford to raise two kids with both parents working when they only make 26K/year?

Exactly.

Ya move to Lybia or somewhere like that.... 26K$ pays for the electric bill and maybe the water bill.

HJD1...........How ya' been?

I have to ask this 'cause the post I quoted above doesn't sound like your other usual well thought out brilliant posts.

Has your son been sneaking on your computer while you step away and posting as you again?

Howdy,
Nah... I've been awake too long at times When a sudden urge to be ordinary overwhelms me.

It seems, at times, that not enough tax cut is way too much too some and too little to others. But, For the folks within the income bracket that excludes them from getting the 400$ child tax credit check in July defeats the objective of the cut while they leave open or at least unmentioned the affect of small corporations ("C") moving payroll into dividends and allowing those folks to escape all tax, Fica etc. to the extent they do move to a dividend scenerio... perhaps it is ok by the tax cut fellows but when the logic is matched against the $400 credit obviation... I start to shudder..

Excellent point. And it goes to the heart of my argument. There are people in our nation, a nation we love to refer to as the richest in the world (although that characterization is wrong), who live in grinding poverty. They raise children under these circumstances. There are others who live in that land where the streets are paved with gold. And some of us in between.

The point is an administration that callously panders to the very richest, the top 10% of wage earners, while leaving the poorest members of our society out of even the smallest relief is taking a position which cannot under any circumstances be defended. Yet millions of Americans see nothing wrong with this scenario.

We are a nation that has lost our heart and soul. Our moral compass no longer points north. Greed rules and to hell with anyone less fortunate. This while billionaires are making billions more at our expense. Strange times we live in.

 

[CADsortaGUY]

Originally posted by: CADkindaGUY
I printed out the forms it spit out.

1040 page1
1040 page2

What I entered was 13000 each in wages.
No special deductions - everything was a plain vanilla standard deduction.

I'm no accountant, but I thought I'd put it through the software I use just to see.
Oh I use TaxAct (and yes I purchased the upgrade )
If you want to know - they would owe approx 1143 in Iowa state taxes but that is with leaving as much as I could blank too many "depend on" type questions.

CkG

HeHe - I'm sitting here at work listening to Rush and he just read someone else's email that detailed them running the numbers as I have above. They ran the "marriged filing jointly" which my illustration doesn't but see later when I said they'd get ~2300 refund while not paying a cent during the year. Anyway - rush said he has another email about the same thing - I wonder if he is going to read mine?

CkG

 

[CADsortaGUY]

Originally posted by: BOBDN

Originally posted by: CADkindaGUY

Originally posted by: MonkeyK

Originally posted by: CADkindaGUY

Yeah, you missed the point I meant that I no longer have to worry about paying too little in taxes Sorry - I should have been clearer

CkG

Yah, needing to pay taxes is a problem that I really don't mind having:gift:

I'm not sure what you are getting at but I make enough money now to not have to worry about paying nothing in taxes. Or how about - My AGI for our household was around 65,000 - not the 27000 it was just a couple short years ago. I'm not rich, but I am not "poor" so I don't fall into the category of those that don't pay Fed income tax.

CkG

I get the point now. You no longer have to worry about not paying because you're paying now that your income has increased. Just for edification of those who think living on 27000/yr in wages is paradise (been there, done that, they're wrong IMO), would you rather earn your current income and pay more in taxes or go back to your previous income CkG?

Do I really need to answer that?

Tax-CUTS - go to people who pay taxes. Tax refunds for people who pay no taxes- IS WELFARE! I'm not saying we shouldn't help these people but don't do it by calling it a tax-cut.

CkG

Rush didn't read my email - boo hoo hoo

 

[Vic]

The only people who "live in grinding poverty" in the US do so out of their own personal choice. I know, I know... you fools sit there and say, "Who would be poor out of choice?" Well, get it through your head - if you choose not to get an education, it's a choice. If you choose not to show up for work on time, it's a choice. If the sum result of you choices causes you to be poor, then that too is a choice.
And the "moral compass" in the US never "pointed north." Liberals should not try to point back to some enlightened day when people lived kinder lives because such a day never existed in all of human history. Right here and right now is the best that people have ever had it throughout the whole world.
And this "while billionaires are making billions more at our expense." Don't buy their products then, dipsh!t

 

[BOBDN]

Originally posted by: Vic
The only people who "live in grinding poverty" in the US do so out of their own personal choice. I know, I know... you fools sit there and say, "Who would be poor out of choice?" Well, get it through your head - if you choose not to get an education, it's a choice. If you choose not to show up for work on time, it's a choice. If the sum result of you choices causes you to be poor, then that too is a choice.
And the "moral compass" in the US never "pointed north." Liberals should not try to point back to some enlightened day when people lived kinder lives because such a day never existed in all of human history. Right here and right now is the best that people have ever had it throughout the whole world.
And this "while billionaires are making billions more at our expense." Don't buy their products then, dipsh!t

Dipsh!t, real class. You must be one of those folks who took the bull by the horns and made yourself all that you are today. LOL

Children who grow up in poverty don't have the opportunities that the children of more affluent parents have. They are more likely to live their lives in poverty. Poverty breeds poverty. And the playing field isn't level so those choices you mention are so much dipsh!t - to borrow your term.

Not to say there aren't people who break the chain of poverty. I'm one. We grew up in poverty not by choice but because we were a one parent household, latch key kids before there were latch key kids. Don't preach to me about poverty. Unless you've lived through it. With your attitude I'm pretty sure you've had your future planned for you from the start. Nice to have that advantage. Not so nice to realize you have an advantage.

I sincerely hope you have the opportunity to experience poverty for yourself someday soon.

 

[BOBDN]

Oh, classy Vic. I almost forgot. Those billionaires I mentioned are making billions more at our expense not through buying their products. They are making it through the new transfer of wealth Bush and Co. are creating. And the new nation building Bush said he'd never get involved with. Billions in dividends and billions in government contracts for rebuilding Iraq after Bush decided to trash it.

 

[MonkeyK]

True, but how much is enough to ensure that the kids are on an equal footing?

 

[BOBDN]

Originally posted by: CADkindaGUY

Originally posted by: CADkindaGUY
I printed out the forms it spit out.

1040 page1
1040 page2

What I entered was 13000 each in wages.
No special deductions - everything was a plain vanilla standard deduction.

I'm no accountant, but I thought I'd put it through the software I use just to see.
Oh I use TaxAct (and yes I purchased the upgrade )
If you want to know - they would owe approx 1143 in Iowa state taxes but that is with leaving as much as I could blank too many "depend on" type questions.

CkG

HeHe - I'm sitting here at work listening to Rush and he just read someone else's email that detailed them running the numbers as I have above. They ran the "marriged filing jointly" which my illustration doesn't but see later when I said they'd get ~2300 refund while not paying a cent during the year. Anyway - rush said he has another email about the same thing - I wonder if he is going to read mine?

CkG

Rush Limbaugh - this is where people are getting these ideas from. No wonder you people are so F'd up in the head.

:disgust:

 

[CADsortaGUY]

Originally posted by: BOBDN
Oh, classy Vic. I almost forgot. Those billionaires I mentioned are making billions more at our expense not through buying their products. They are making it through the new transfer of wealth Bush and Co. are creating. And the new nation building Bush said he'd never get involved with. Billions in dividends and billions in government contracts for rebuilding Iraq after Bush decided to trash it.

Hey - take the Iraq talk elsewhere please - there are plenty of threads to do so. Thanks.

CkG

(I apologize for posting about Iraq/WMD when I was/am horor bound to not do so, but BOBDN doesn't have his PMs enabled )

 

[BOBDN]

Originally posted by: MonkeyK
True, but how much is enough to ensure that the kids are on an equal footing?

No telling how much. I'd say decent wages for their parents, good nutrition, decent housing and schools that aren't falling down around them would be a good start.

 

[BOBDN]

Originally posted by: CADkindaGUY

Originally posted by: BOBDN
Oh, classy Vic. I almost forgot. Those billionaires I mentioned are making billions more at our expense not through buying their products. They are making it through the new transfer of wealth Bush and Co. are creating. And the new nation building Bush said he'd never get involved with. Billions in dividends and billions in government contracts for rebuilding Iraq after Bush decided to trash it.

Hey - take the Iraq talk elsewhere please - there are plenty of threads to do so. Thanks.

CkG

(I apologize for posting about Iraq/WMD when I was/am horor bound to not do so, but BOBDN doesn't have his PMs enabled )

Had to bring up Iraq. It's one of the best Wealthfare programs ever invented.

 

[CADsortaGUY]

Originally posted by: BOBDN

Originally posted by: CADkindaGUY

Originally posted by: CADkindaGUY
I printed out the forms it spit out.

1040 page1
1040 page2

What I entered was 13000 each in wages.
No special deductions - everything was a plain vanilla standard deduction.

I'm no accountant, but I thought I'd put it through the software I use just to see.
Oh I use TaxAct (and yes I purchased the upgrade )
If you want to know - they would owe approx 1143 in Iowa state taxes but that is with leaving as much as I could blank too many "depend on" type questions.

CkG

HeHe - I'm sitting here at work listening to Rush and he just read someone else's email that detailed them running the numbers as I have above. They ran the "marriged filing jointly" which my illustration doesn't but see later when I said they'd get ~2300 refund while not paying a cent during the year. Anyway - rush said he has another email about the same thing - I wonder if he is going to read mine?

CkG

Rush Limbaugh - this is where people are getting these ideas from. No wonder you people are so F'd up in the head.

:disgust:

Buahaha! I think Rush is a clown. He likes to stir the pot - that's all. Sure he bashes the Libs and most of the time it's funny. I actually disagree with Rush quite a bit. I don't look to him for my opinions - infact - I do believe it was me who ran the numbers using my tax software - and it is now Rush who is talking about it. Who is listening to who? CADkindaGUY echo syndrome?

CkG

 

[CADsortaGUY]

Originally posted by: BOBDN

Originally posted by: CADkindaGUY

Originally posted by: BOBDN
Oh, classy Vic. I almost forgot. Those billionaires I mentioned are making billions more at our expense not through buying their products. They are making it through the new transfer of wealth Bush and Co. are creating. And the new nation building Bush said he'd never get involved with. Billions in dividends and billions in government contracts for rebuilding Iraq after Bush decided to trash it.

Hey - take the Iraq talk elsewhere please - there are plenty of threads to do so. Thanks.

CkG

(I apologize for posting about Iraq/WMD when I was/am horor bound to not do so, but BOBDN doesn't have his PMs enabled )

Had to bring up Iraq. It's one of the best Wealthfare programs ever invented.

It has nothing to do with the tax-cut situation - only gov't spending ties them. But since you insist - I will stop posting in this thread then.

Cya

CkG

 

[BOBDN]

Originally posted by: CADkindaGUY

Originally posted by: BOBDN

Originally posted by: CADkindaGUY

Originally posted by: BOBDN
Oh, classy Vic. I almost forgot. Those billionaires I mentioned are making billions more at our expense not through buying their products. They are making it through the new transfer of wealth Bush and Co. are creating. And the new nation building Bush said he'd never get involved with. Billions in dividends and billions in government contracts for rebuilding Iraq after Bush decided to trash it.

Hey - take the Iraq talk elsewhere please - there are plenty of threads to do so. Thanks.

CkG

(I apologize for posting about Iraq/WMD when I was/am horor bound to not do so, but BOBDN doesn't have his PMs enabled )

Had to bring up Iraq. It's one of the best Wealthfare programs ever invented.

It has nothing to do with the tax-cut situation - only gov't spending ties them. But since you insist - I will stop posting in this thread then.

Cya

CkG

CkG - DON'T GO......................I MISS YOU! I'LL STOP..............I PROMISE!

 

[Vic]

Originally posted by: BOBDN
Dipsh!t, real class. You must be one of those folks who took the bull by the horns and made yourself all that you are today. LOL

Children who grow up in poverty don't have the opportunities that the children of more affluent parents have. They are more likely to live their lives in poverty. Poverty breeds poverty. And the playing field isn't level so those choices you mention are so much dipsh!t - to borrow your term.

Not to say there aren't people who break the chain of poverty. I'm one. We grew up in poverty not by choice but because we were a one parent household, latch key kids before there were latch key kids. Don't preach to me about poverty. Unless you've lived through it. With your attitude I'm pretty sure you've had your future planned for you from the start. Nice to have that advantage. Not so nice to realize you have an advantage.

I sincerely hope you have the opportunity to experience poverty for yourself someday soon.

You're wrong on every count. As a child, we did at many times live off welfare. I have tasted the government cheese and worn the hand-me-down and Goodwill clothes. My life was not planned out. When I left home young, I had virtually no money and everything I owned fit into 3 grocery bags in the trunk of a $500 car with no insurance. Don't presume to know about me and don't presume to tell me about my life.
Poverty only breeds poverty because those people choose to live the poverty lifestyle. Go to their schools, the kids tell each other not to be smart or they will get picked on. Look at their parents and the messages they instill in their kids - it's not your fault, you have no control, "the man" has brought you down. Look at the situation in both of our cases - parents who are so dishonest that they can't keep a vow that they took before God, even if it harms their children. It's all bullsh!t. But they are choices.

 

[MonkeyK]

Actually, there will always be poverty. Doesn't mean that any one person has to be poor, but some always will be.