Comments on: The History and Possibilities of Tax and Destroy http://www.mormonmentality.org/2008/10/15/the-history-and-possibilities-of-tax-and-destroy.htm Thoughts and Asides by Peculiar People Fri, 30 Jul 2010 07:54:04 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: mfranti http://www.mormonmentality.org/2008/10/15/the-history-and-possibilities-of-tax-and-destroy.htm/comment-page-1#comment-93811 mfranti Tue, 21 Oct 2008 19:00:06 +0000 http://www.mormonmentality.org/?p=995#comment-93811 a little explanation: http://www.politifact.com/truth-o-meter/article/2008/oct/20/your-taxing-questions-answered/ a little explanation:

http://www.politifact.com/truth-o-meter/article/2008/oct/20/your-taxing-questions-answered/

]]> By: Bob http://www.mormonmentality.org/2008/10/15/the-history-and-possibilities-of-tax-and-destroy.htm/comment-page-1#comment-93753 Bob Sun, 19 Oct 2008 21:38:52 +0000 http://www.mormonmentality.org/?p=995#comment-93753 "Reagan’s supposedly good policies, which benefited Bill Clinton, who raised taxes." As I recall, Clinton benefited by Bush Sr. raising taxes? Bush Sr. raised taxes because Reagan put the country into a recession. If Obama does nothing, does not extend the tax 'stay'for the rich, the tax levels for the rich will return to the levels of the Clinton days. “Reagan’s supposedly good policies, which benefited Bill Clinton, who raised taxes.”
As I recall, Clinton benefited by Bush Sr. raising taxes? Bush Sr. raised taxes because Reagan put the country into a recession.
If Obama does nothing, does not extend the tax ‘stay’for the rich, the tax levels for the rich will return to the levels of the Clinton days.

]]> By: Amber @ Soggy Cheerios http://www.mormonmentality.org/2008/10/15/the-history-and-possibilities-of-tax-and-destroy.htm/comment-page-1#comment-93745 Amber @ Soggy Cheerios Sun, 19 Oct 2008 06:29:59 +0000 http://www.mormonmentality.org/?p=995#comment-93745 I'd like to see loopholes for large corporations closed, as well as never ending subsidies. Tell me why we're still subsidizing the oil industry? As I see it Republicans are against individual welfare and are for corporate welfare. How's that working for us so far? Trickle down economics aren't working out so great for a lot of people. Whomever wins is inheriting a mess- that's for sure. All I hear from McCain are empty promises and unrealistic pipe dreams. A complete spending freeze? Well, except for the military (50% of the money spent in the US) and 5 other places. We'll buy up all the bad mortgages! Um, okay- and you're telling us to be afraid of socialism from Obama? Really? In the spirit of an open conversation I'm a fan of Obama. I'm not voting for the 'lesser of two evils' I'm voting for a guy I've been rooting for since the primaries and believe to be the best person for the job. I’d like to see loopholes for large corporations closed, as well as never ending subsidies. Tell me why we’re still subsidizing the oil industry?

As I see it Republicans are against individual welfare and are for corporate welfare.

How’s that working for us so far? Trickle down economics aren’t working out so great for a lot of people.

Whomever wins is inheriting a mess- that’s for sure. All I hear from McCain are empty promises and unrealistic pipe dreams. A complete spending freeze? Well, except for the military (50% of the money spent in the US) and 5 other places. We’ll buy up all the bad mortgages! Um, okay- and you’re telling us to be afraid of socialism from Obama? Really?

In the spirit of an open conversation I’m a fan of Obama. I’m not voting for the ‘lesser of two evils’ I’m voting for a guy I’ve been rooting for since the primaries and believe to be the best person for the job.

]]> By: a random John http://www.mormonmentality.org/2008/10/15/the-history-and-possibilities-of-tax-and-destroy.htm/comment-page-1#comment-93643 a random John Thu, 16 Oct 2008 17:53:08 +0000 http://www.mormonmentality.org/?p=995#comment-93643 I stand corrected. My apologies to all I have maligned. I stand corrected. My apologies to all I have maligned.

]]> By: ed johnson http://www.mormonmentality.org/2008/10/15/the-history-and-possibilities-of-tax-and-destroy.htm/comment-page-1#comment-93641 ed johnson Thu, 16 Oct 2008 17:32:21 +0000 http://www.mormonmentality.org/?p=995#comment-93641 annegb, that's honest of you. I think it's hard to know whether tax rates are "fair" if you have no standard for evaluating fairness. I certainly agree with you about how politicians talk. It's really the voters fault, because that's who we elect. ARJ, there is indeed something known as a "refundable tax credit" that allows you to get back a "refund" of more than you paid (or even if you didn't pay at all). The most prominent is the Earned Income Tax Credit (EITC), which gives a refundable credit to low income workers with dependent children. It essentially matches each dollar earned for low income people up to some limit at a 40% rate. Then at higher incomes it is phased out. annegb, that’s honest of you. I think it’s hard to know whether tax rates are “fair” if you have no standard for evaluating fairness. I certainly agree with you about how politicians talk. It’s really the voters fault, because that’s who we elect.

ARJ, there is indeed something known as a “refundable tax credit” that allows you to get back a “refund” of more than you paid (or even if you didn’t pay at all). The most prominent is the Earned Income Tax Credit (EITC), which gives a refundable credit to low income workers with dependent children. It essentially matches each dollar earned for low income people up to some limit at a 40% rate. Then at higher incomes it is phased out.

]]> By: Tim J http://www.mormonmentality.org/2008/10/15/the-history-and-possibilities-of-tax-and-destroy.htm/comment-page-1#comment-93639 Tim J Thu, 16 Oct 2008 17:23:31 +0000 http://www.mormonmentality.org/?p=995#comment-93639 My bad. My bad.

]]> By: a random John http://www.mormonmentality.org/2008/10/15/the-history-and-possibilities-of-tax-and-destroy.htm/comment-page-1#comment-93635 a random John Thu, 16 Oct 2008 16:50:04 +0000 http://www.mormonmentality.org/?p=995#comment-93635 Tim J, Like I said, “There is no such thing as a refund of more than you paid.” There might be such a thing in the future, but I doubt it will be a called a tax refund. Tim J,

Like I said, “There is no such thing as a refund of more than you paid.”

There might be such a thing in the future, but I doubt it will be a called a tax refund.

]]> By: annegb http://www.mormonmentality.org/2008/10/15/the-history-and-possibilities-of-tax-and-destroy.htm/comment-page-1#comment-93634 annegb Thu, 16 Oct 2008 16:49:52 +0000 http://www.mormonmentality.org/?p=995#comment-93634 Lots of people get more than they paid. Isn't that an earned income thing? I recall getting refunds when I was a poor single mother and I hadn't paid much. Lots of people get more than they paid. Isn’t that an earned income thing? I recall getting refunds when I was a poor single mother and I hadn’t paid much.

]]> By: Tim J http://www.mormonmentality.org/2008/10/15/the-history-and-possibilities-of-tax-and-destroy.htm/comment-page-1#comment-93630 Tim J Thu, 16 Oct 2008 16:25:06 +0000 http://www.mormonmentality.org/?p=995#comment-93630 "There is no such thing as a refund of more than you paid." Sorry, arJ, but this is what Obama is proposing. Many of those who previously did not pay income taxes will not only continue to not do so, but they will get a check in the mail as well. “There is no such thing as a refund of more than you paid.”

Sorry, arJ, but this is what Obama is proposing. Many of those who previously did not pay income taxes will not only continue to not do so, but they will get a check in the mail as well.

]]> By: annegb http://www.mormonmentality.org/2008/10/15/the-history-and-possibilities-of-tax-and-destroy.htm/comment-page-1#comment-93629 annegb Thu, 16 Oct 2008 16:22:16 +0000 http://www.mormonmentality.org/?p=995#comment-93629 Ed, I have no clue. My first question was about the impact of a previous administration's economic policies on the succeeding one. I asked because I don't know the answer. I don't know any small businessmen who are loaded, however. The medium ones, for want of a better term, like the local car dealerships here, seem to do okay, no matter how their salesman do. Bill does okay because he's been doing it a long time and has established clientele and a solid reputation, but the younger guys really suffer. The company never suffers. As I watched the debate last night, I felt that both men were talking along party lines. Obama talking about basic social programs a la FDR and he also seemed to take a punitive, resentful tone toward the middle class. McCain never answered the question about Exon getting a tax cut, he seemed like a classic Republican to me. I like that stopping spending for awhile. Obama about threw up and waxed poetic about losing funding for autism, but I think I'm with McCain on that. Bottom line, I'm clueless. Ed, I have no clue. My first question was about the impact of a previous administration’s economic policies on the succeeding one. I asked because I don’t know the answer.

I don’t know any small businessmen who are loaded, however. The medium ones, for want of a better term, like the local car dealerships here, seem to do okay, no matter how their salesman do. Bill does okay because he’s been doing it a long time and has established clientele and a solid reputation, but the younger guys really suffer. The company never suffers.

As I watched the debate last night, I felt that both men were talking along party lines. Obama talking about basic social programs a la FDR and he also seemed to take a punitive, resentful tone toward the middle class. McCain never answered the question about Exon getting a tax cut, he seemed like a classic Republican to me. I like that stopping spending for awhile. Obama about threw up and waxed poetic about losing funding for autism, but I think I’m with McCain on that.

Bottom line, I’m clueless.

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