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You just changed the subject! You were talking about how it might be that a richer person who is subject to a higher tax rate might actually end up paying tax at a lower percentage of his/her declared income than a less wealthy person who is subject to a lower tax rate. I just mentioned how that happens in reality.
Correct. I was outraged at the idea, just as I was outraged at the Wall Street bailout, just as I am outraged at the entire concept of yearly "stimulus checks" in the form of tax rebates just for being alive in the USA.
Good. I respect your consistency.
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The person who doesn't drive *chooses* not to do so,
This is presumptuous and beside the point. It's a fact that we all don't benefit equally, regardless of choice.
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I have no choice in using services of money spent when it's given to a specific person as a rebate check at the end of the year just for being a citizen of the USA. If they buy a 6-pack with it, I don't have the choice of having a beer with them.
No, but assuming you are also a citizen, you can buy your own six-pack with your stimulus check. Either way, those workers in Milwaukee and St. Louis will benefit from the buying of six-packs, as well as the wealthy who have invested in Miller and Budweiser.
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Then put it directly into the economy by doing something like reducing corporate taxes or reducing capital gains!
Again, presumptuous. Profits don't necessarily go directly back into the economy. They may go overseas or into the stock market. Flood the stock market with cash, and stock prices go up. These can be false gains, however, as we're seeing now. Moving money around does not create wealth. Wealth is created by producing goods, which are consumed by average Americans. Give the average American more money to consume goods, and everyone wins.
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Don't give it to people to fund only specific parts of the economy
Capital is also a specific part of the economy.
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or stick in the mattress to have no effect on the economy at all!
Ha-ha.
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If someone spent their $600 on imported goods through a non-American company or buying someone under the radar like a bag of marijuana, how does that "stimulate our economy?"
Both stimulate the economy. Importers, shippers, and retailers operate within our borders. Making (or keeping) something illegal does not remove it from the economy.
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The stimulus checks are a scam to increase ratings of both president and congress for the hope of boosting an upcoming election, and if they could claim it helped the economy, they'd take it. If they had instead announced that capital gains taxes would be reduced by 5-10% on all stocks purchased after the date the announced the "stimulus checks" until the sale of the stock, investment in the stock market would have boosted the economy better than buying votes from the public.
Again, the stock market does not, cannot boost the economy. The stock market is a reflection of the economy. A company is worth what it produces, not what someone pays for it.
we have 43.4 million americans who already pay zero federal income tax.
working within the tax structure by taxing the rest of the people more is not going to stimulate the economy enough no matter what they do. we need to cut spending first!
Again, the stock market does not, cannot boost the economy. The stock market is a reflection of the economy. A company is worth what it produces, not what someone pays for it.
Not true to the extent that an increase in the market value of one's owned securities has in fact increased that person's wealth. If you sell a security you must declare whether a capital gain or loss has taken place, etc. A capital gain is income. People also spend more when they feel their wealth has increased. A rising stock market, therefore, does have some beneficial effect on the spending taking place in the economy.
What I like best is I do most of my buisness on American Express Frequent Flyer Miles cards. So I get free plane tickets quite often. So I go to Europe often and with relatives having homes in Germany and Spain I always have a Place to stay. Save a lot of money that way. I do understand how the poor get jealous and love someone like Obama. The wealthy do live good. But they all have worked hard and used there brains to get there.
I use to be poor when I was young, but I was so envious of my parents and relatives that I realized I needed to quit complaing and blaming everyone else for my screwups. Spent many years working hard and it is starting to pay off.
Most people want the good life but they just don't want to work for it they want it for free.
You are missing one important thing...
With Obama, the first 4 people that dont pay, are going to get money for not paying.
That's exactly why I posted it. Obama's people can't fight facts. That's why they're foaming at the mouth attacking Joe the plumber. They have to attack the man because they can't attack the message. Spreading the wealth is wrong & = socialism.
Not true to the extent that an increase in the market value of one's owned securities has in fact increased that person's wealth.
Yes, but this does not (necessarily) boost the economy. Flooding a market with cash will raise price, but does not raise value (think: Hunt brothers, silver). This is exactly what has happened over the past few decades, especially these last eight years, and we're seeing the effects of this ideology now.
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If you sell a security you must declare whether a capital gain or loss has taken place, etc. A capital gain is income. People also spend more when they feel their wealth has increased.
Exactly, which is why tax cuts targeted to consumers makes sense. Buying more stock does not make a company more productive. Buying more of its products does.
But that 40 % includes those after taking advantage of deductions and credits pay zero and those who are claimed by another, and many who file separately, and many others. No tax liability is more then just those who choose not to work.
It's there in plain black & white, they pay NO TAX, although they do pay SSI & Medicare. If you don't make enough money with one job I was always taught to work another job, which I do to this day, 35 years later. If your kids aren't being well taken care of, shame on you, not me.
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