Axes to Taxes
The Senate is sending a bill to the president that will finalize Bushes original tax plan. As usual the debate between democrats and republicans runs ramped. This latest bill is really a prevention of tax increases rather than cuts with some exception. Taxes is one of the largest philosophical differences between the two parties. Most democrats argue that this bill, like Bush's other tax breaks only benefit the rich and screw the little guy. Well....I'm the little guy. Since Bush has been elected how has my finances changed? I have three children. Under Bush's new tax laws, I personally, receive a minimum of 3,000 dollars additional each year. Three thousand bucks! I actually got a check for 3,350 dollars back from Uncle Sam this year. Does that help me, the little guy? Damn right it does. I don't know what I would have done without it. I got a lotta mouths to feed and diapers to buy and so on. So I'm tired of hearing these cuts only help the rich. Fact is, every single family in America that has children gets at least 1,000 dollars more than they used to. And this last bill will help 15 million more family's by raising the alternative minimum tax by approx $4,000. What does that mean? Currently if someone makes over $75,000 they can't take any itemized deductions. This was originally intended to keep the rich from taking deductions, but it is so outdated that $75,000 used to mean you were rich. Obviously, that is no longer true. So by raising that number by $4,000, fifteen million more Americans will be able to claim itemized deductions, like medical care and property taxes and so on.
How can we give ourselves tax breaks in these times? We have a deficit to pay off. Education needs better funding and so on and so on. Democrats can't see giving tax breaks when additional funds are needed to accomplish these things. It is so simple. I don't know how the left can argue it, but somehow they keep doing it. Fact is, even with these tax breaks the federal government income has risen every year since the cuts were enacted. When you get back $3,000 dollars what happens to that money? You buy stuff you need. Clothes for the kids, new tires for the car and so on. That money generates additional taxes for the government. It creates jobs. It is such a simple concept, why can't they see it. Yes it is true, the rich will benefit from the tax cuts as well. God forbid we let the rich keep more of their money. The simple concept works with the rich too. If they have more money they will spend more, ....Duh. If it disgusts you that the rich are getting richer, then just hold your breath until you pass out. When the rich get richer so do the middle class. Its a fact. You can cry about it all you want but the trickle down effect is real.
So lower taxes mean more tax revenue. Why not just keep lowering taxes? Well, it's not that simple. Eventually there is a ceiling. Obviously if you kept lowering taxes to .001 percent, the government would go broke. There is an ideal rate that generates the most growth and income for the government. What is that rate? It is unknown and will always fluctuate. But the fact that our taxs cuts have caused the tax income to rise over the last few years, tells us that we are still above that ideal rate. So what's the argument to not lower taxes?
My biggest fear is that if the democrats get back in control of office, I am going to have to give back my 3,000 bucks. Then perhaps the crack whore mother that used to live upstairs from us can go back on welfare. Yeah I know that sounds shallow, but its true. In Mass. If your on welfare you must work once your child is 6 years old and in school. She has a 12 year old, a 6 year old and a new born. You do the math! Entitlements breed the needy. While I was busting my hump to make $7.80 an hour and support my family in my shitty little apartment, I watched as my lanlord refinished her whole apartment because it did not meet the welfare deptmants specs. Meanwhile I couldn't get him to buy me a gallon of paint. while she was out smoking crack all night, her kid would come knocking on my door and ask for something to eat. So I am feeding her kid while she's smoking my taxes. Say what you want about Bush, I am not really one of his biggest fans. But if you think our economy is better served without these cuts, your nuts. Socialism sucks. It spits out laziness, and lays motivation to rest. Allowing one to reap another's reward. Man should share his reward with his fellow man, but under his own accord. Without the guidance of government. Be generous and help your fellow man, but don't yearn for your government to direct how that happens
How can we give ourselves tax breaks in these times? We have a deficit to pay off. Education needs better funding and so on and so on. Democrats can't see giving tax breaks when additional funds are needed to accomplish these things. It is so simple. I don't know how the left can argue it, but somehow they keep doing it. Fact is, even with these tax breaks the federal government income has risen every year since the cuts were enacted. When you get back $3,000 dollars what happens to that money? You buy stuff you need. Clothes for the kids, new tires for the car and so on. That money generates additional taxes for the government. It creates jobs. It is such a simple concept, why can't they see it. Yes it is true, the rich will benefit from the tax cuts as well. God forbid we let the rich keep more of their money. The simple concept works with the rich too. If they have more money they will spend more, ....Duh. If it disgusts you that the rich are getting richer, then just hold your breath until you pass out. When the rich get richer so do the middle class. Its a fact. You can cry about it all you want but the trickle down effect is real.
So lower taxes mean more tax revenue. Why not just keep lowering taxes? Well, it's not that simple. Eventually there is a ceiling. Obviously if you kept lowering taxes to .001 percent, the government would go broke. There is an ideal rate that generates the most growth and income for the government. What is that rate? It is unknown and will always fluctuate. But the fact that our taxs cuts have caused the tax income to rise over the last few years, tells us that we are still above that ideal rate. So what's the argument to not lower taxes?
My biggest fear is that if the democrats get back in control of office, I am going to have to give back my 3,000 bucks. Then perhaps the crack whore mother that used to live upstairs from us can go back on welfare. Yeah I know that sounds shallow, but its true. In Mass. If your on welfare you must work once your child is 6 years old and in school. She has a 12 year old, a 6 year old and a new born. You do the math! Entitlements breed the needy. While I was busting my hump to make $7.80 an hour and support my family in my shitty little apartment, I watched as my lanlord refinished her whole apartment because it did not meet the welfare deptmants specs. Meanwhile I couldn't get him to buy me a gallon of paint. while she was out smoking crack all night, her kid would come knocking on my door and ask for something to eat. So I am feeding her kid while she's smoking my taxes. Say what you want about Bush, I am not really one of his biggest fans. But if you think our economy is better served without these cuts, your nuts. Socialism sucks. It spits out laziness, and lays motivation to rest. Allowing one to reap another's reward. Man should share his reward with his fellow man, but under his own accord. Without the guidance of government. Be generous and help your fellow man, but don't yearn for your government to direct how that happens
posted by Jim Fisher at 6:44 AM
3 Comments:
Key phrases for me were "their money" and "my money".
The problem is that most people think it is money that belongs to the government.
You are correct in your assessment that liberalism is just a Robin Hood of the 21st century. Taking one person's money and giving it to another.
We may even like it when the government screws the "big guy" by taxing him. It may make us "feel" better. But screwing the Big Guy never paid my mortgage.
Maybe I should smoke crack.
:-)
Amazing anecdote about the crack addict, her six-year-interval children, and her welfare-mandated renovation. Sheesh.
I've been reassessing some of my thoughts about taxes recently. Traditionally I've been straight conservative, but lately I've been reconsidering some of those thoughts.
Tax breaks for those with children is itself a form of Robin Hoodesque redistribution of wealth -- one that my very liberal brother disagrees with, since children require additional tax money in services like education. In debating this issue with him I find that the arguments supporting child deductions are actually liberal. Go figure.
Wow, great point. I hadn't really thought of it like that, but that is absolutly correct. I guess I should argue more from just the tax cut perspective, rather than saying that I deserve a cut because I have children. Perhaps Bush should have distibuted the tax cut amongst all people evenly rather than $1,000 per child. I wouldn't have a problem with that. Although it would mean less tax cut for me personally. As long as the overall tax cut was the same it would still have the same effect on the economy.
Perhaps looking at it from another view is that conservatives are all about family so even though were taking from people without children and giving to people with children (Robin Hood), we are doing it in support of family. Although thats kind of a weak arguement.
Another way is just don't view it as conservative or liberal. We'll say it is a independent approach to finding the best possible tax rate to raise the most taxes for the government. Allowing familys with children to keep more of their money may have a bigger advantage becasue we are likely to spend more of that refund. Where a single person is more likely to save it.
But I guess in principle giving peolple with children bigger tax breaks is not really fair. My feeling is that one of the reasons this was done is because these familys are probably shown to quickly return that money to the economy, fair or not. I know I didn't hang on to my 3 grand for too long.
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