How can Kerry afford Child Tax Credit Increase?

[World Order]

http://www.foxnews.com/story/0,2933,122812,00.html

Do think this can work? Can he only increase taxes on the people who earn over $200,000 a year? Will he use stealth taxes? If it appears plausible with no hidden agenda then this will be a very good thing. Bushs `no child left behind` line has failed like `im a unite not a divider`.

[MODU]

Most of Kerry's "ideas" (most of them borrowed from others) rely on the reversal of the tax cuts on the wealthy, which is why the Bush campaign has run the ads saying his plans would cost over $900 Billion.  But true, most Presidential candidates make campaign promises which they cannot keep, even if they try, since they have to go through Congress.  The problem with NCLB is the funding wasn't passed by Congress, and not the fact that Bush himself didn't fund the program.  

[??????????]

My "tax cut for the rich" has helped me! I enjoy the lower taxes because of my "tax cut for the rich".

[Lunar]

My "tax cut for the rich" has helped me! I enjoy the lower taxes because of my "tax cut for the rich".

Technically you would get the same amount unde Kerry.

Yes, most of his ideas rely on making the tax system more progressive.

[CARLHAYDEN]

You mean like his proposal to reduce corporate income tax rates?

[opebo]

My "tax cut for the rich" has helped me! I enjoy the lower taxes because of my "tax cut for the rich".

You're rich?

[??????????]

My "tax cut for the rich" has helped me! I enjoy the lower taxes because of my "tax cut for the rich".

You're rich?

Hardly, my wife and I combined make under 50k. I just find it ironic that they call it a "tax cut for the rich". My child deduction increased. I got 300$ back two years in row. I got a new couch and a deep freezer with each of those checks. My weekly payroll taxes went down. Under the old tax code I would have payed in the past 3 out of 4 years. I paid in one year in 2001 but that was due to my own error. I saved my old 1040s from the old tax code and figured it up and I would have payed in.

[Alfie]

My "tax cut for the rich" has helped me! I enjoy the lower taxes because of my "tax cut for the rich".

You're rich?

Hardly, my wife and I combined make under 50k. I just find it ironic that they call it a "tax cut for the rich". My child deduction increased. I got 300$ back two years in row. I got a new couch and a deep freezer with each of those checks. My weekly payroll taxes went down. Under the old tax code I would have payed in the past 3 out of 4 years. I paid in one year in 2001 but that was due to my own error. I saved my old 1040s from the old tax code and figured it up and I would have payed in.

The "tab" comes when the debt on this folly is repaid.  The $500,000,000,000 deficit for FY2004 financed these "tax cuts."   But these days, what's a half trillion in debt -- a mere $1,700 per person in the USA was overspent!  Please!  No more MBAs from Haaaarvard.

So, Senator, you owe approx. $5,040 for this year.  Cash, check, or... charge?  Was that a fair trade -- $300 in the hand for $5,040 later?

It is a changed world, my friend on the opposite site of the political universe -- changed indeed that the Dems are now the fiscally responsible party.


- Alfie
a dollar saved is a dollar invested

[??????????]

My "tax cut for the rich" has helped me! I enjoy the lower taxes because of my "tax cut for the rich".

You're rich?

Hardly, my wife and I combined make under 50k. I just find it ironic that they call it a "tax cut for the rich". My child deduction increased. I got 300$ back two years in row. I got a new couch and a deep freezer with each of those checks. My weekly payroll taxes went down. Under the old tax code I would have payed in the past 3 out of 4 years. I paid in one year in 2001 but that was due to my own error. I saved my old 1040s from the old tax code and figured it up and I would have payed in.

The "tab" comes when the debt on this folly is repaid.  The $500,000,000,000 deficit for FY2004 financed these "tax cuts."   But these days, what's a half trillion in debt -- a mere $1,700 per person in the USA was overspent!  Please!  No more MBAs from Haaaarvard.

So, Senator, you owe approx. $5,040 for this year.  Cash, check, or... charge?  Was that a fair trade -- $300 in the hand for $5,040 later?

It is a changed world, my friend on the opposite site of the political universe -- changed indeed that the Dems are now the fiscally responsible party.


- Alfie
a dollar saved is a dollar invested

Debt is relative. I have debt car, house, computer. But unlike the feds I can't print money.

[World Order]

Senator Statesright- you should spend less time on this forum and more time working to pay your debt back. I cant believe that your a Republican and you have a debt? Are the democrats better with money than Bushs allies? Stop defending the man and earn some cash for your future. bush doesnt give a damn what you think. do it for your wife. starting working more

[Alfie]

You must be logged in to read this quote.

Last I looked, the fastest growing portion of the federal budget is servicing the debt.  In FY03, $318 billion was paid in interest!  That's $1,200 in "juice" -- just interest -- per capita, per year, forever.  The defense budget was (last figure I saw) $355 billion.

There is no magic in this -- no amount of magical thinking and notions of "printing money" alters the fact that this government is addicted to spending money it doesn't have.  Dem or Pug, that is wrong.   That this government lies about its irresponsible stewardship of the $$$ is disgusting.

To try and gloss it over is irresponsible -- to pretend that our actions have painless consequences is fantasy.  

What happened to the Publicans?  What happened to conservatism?  Now, most of you folks are apologists and cheerleasrs for reckless spenders!


- Alfie

[opebo]

I'd much rather have some supposed 'national debt share' to pay in the future than taxes to pay now.  Heck you could get hit by a bus tomorrow!

[Alfie]

I'd much rather have some supposed 'national debt share' to pay in the future than taxes to pay now.  Heck you could get hit by a bus tomorrow!

Well then.  Today must be your lucky day!    We are fortunate enough to have $7,211,228,335,944.24 in debt.  Your share?

$24,362

Will that be cash, or cash?

[??????????]

Senator Statesright- you should spend less time on this forum and more time working to pay your debt back. I cant believe that your a Republican and you have a debt? Are the democrats better with money than Bushs allies? Stop defending the man and earn some cash for your future. bush doesnt give a damn what you think. do it for your wife. starting working more

I put plenty of money away into my 401k with a 18% annual growth rate. Thank you much. I do not carry credit cards and consider myself far better off then most americans swimming in debt because of Visa, Mastercard, etc. Start working more? You have no idea HOW many hours I work or how hard I do work. I can provide for my family thank you much.

[○∙◄☻¥tπ[╪AV┼cVê└]

My "tax cut for the rich" has helped me! I enjoy the lower taxes because of my "tax cut for the rich".

You're rich?

Hardly, my wife and I combined make under 50k. I just find it ironic that they call it a "tax cut for the rich". My child deduction increased. I got 300$ back two years in row. I got a new couch and a deep freezer with each of those checks. My weekly payroll taxes went down. Under the old tax code I would have payed in the past 3 out of 4 years. I paid in one year in 2001 but that was due to my own error. I saved my old 1040s from the old tax code and figured it up and I would have payed in.
[/quote

Kerry will not be raising income taxes for people who make less than $200,000 a year. That $300 in bribes does not compare to how much your share of the national debt has increased by. It's now around $25k per person. ]

[○∙◄☻¥tπ[╪AV┼cVê└]

Something went wrong in that last post.
Anways, this is what I said:

Kerry will not be raising income taxes for people who make less than $200,000 a year. That $300 in bribes does not compare to how much your share of the national debt has increased by. It's now around $25k per person. ]

[??????????]

Something went wrong in that last post.
Anways, this is what I said:

Kerry will not be raising income taxes for people who make less than $200,000 a year. That $300 in bribes does not compare to how much your share of the national debt has increased by. It's now around $25k per person. ]

What 25k? You talk so much about this supposed debt. I guess it's supposed to be affecting me. In reality its not, just more propaganda. Bribes? Hell no that's my hard earned money and I DESERVE it back, fair and square. D*mn the feds.

[○∙◄☻¥tπ[╪AV┼cVê└]

Something went wrong in that last post.
Anways, this is what I said:

Kerry will not be raising income taxes for people who make less than $200,000 a year. That $300 in bribes does not compare to how much your share of the national debt has increased by. It's now around $25k per person. ]

What 25k? You talk so much about this supposed debt. I guess it's supposed to be affecting me. In reality its not, just more propaganda. Bribes? Hell no that's my hard earned money and I DESERVE it back, fair and square. D*mn the feds.

The national debt is around 7.2 trillion. That's about $25k per man, woman, and child.  It causes higher interest payments on the debt. You can't just keep borrowing at the rates we are (the deficit this year is probably going to be over 5% of GDP, and over 20% of total federal budget, and far more than discrentionary non-military spending). Either we raise taxes now on the rich, or we raise taxes on our grandchildren. I really hope we don't become the next Argentina.

But, in any case, John Kerry will not raise income taxes on people who make less than $200k. Did you know that most working people pay more in wage taxes than income taxes, anyways?

[??????????]

Something went wrong in that last post.
Anways, this is what I said:

Kerry will not be raising income taxes for people who make less than $200,000 a year. That $300 in bribes does not compare to how much your share of the national debt has increased by. It's now around $25k per person. ]

What 25k? You talk so much about this supposed debt. I guess it's supposed to be affecting me. In reality its not, just more propaganda. Bribes? Hell no that's my hard earned money and I DESERVE it back, fair and square. D*mn the feds.

The national debt is around 7.2 trillion. That's about $25k per man, woman, and child.  It causes higher interest payments on the debt. You can't just keep borrowing at the rates we are (the deficit this year is probably going to be over 5% of GDP, and over 20% of total federal budget, and far more than discrentionary non-military spending). Either we raise taxes now on the rich, or we raise taxes on our grandchildren. I really hope we don't become the next Argentina.

But, in any case, John Kerry will not raise income taxes on people who make less than $200k. Did you know that most working people pay more in wage taxes than income taxes, anyways?

Both taxes have questionable constitutionality. I prefer it if this would pass. Check this Fair Tax!. This act is getting very strong support in Congress and hopefully it would pass as it would mean the END of the IRS and their mafia like ways.