Tax cuts create wealth? (NAFTA, compared, elect, banks)

[truthsayer2]

Originally Posted by Memphis1979

I didn't say that they were rich or poor.

The statement was made that "liberals want to take money from people that earn it, and make them poor"

I was simply stating an obvious fact. If you make 100,000 a year after taxes, you're far from poor by anyones definition, except maybe the Gates.

and if housing and other costs of living in your area are high????


here if you make 100k....you CANT AFFORD A HOUSE.......that means you are poor

[Driller1]

Originally Posted by truthsayer2

and if housing and other costs of living in your area are high????


here if you make 100k....you CANT AFFORD A HOUSE.......that means you are poor

IMO, the idea that everyone should own a house is one thing that made this mess.

[Memphis1979]

Originally Posted by truthsayer2

and if housing and other costs of living in your area are high????


here if you make 100k....you CANT AFFORD A HOUSE.......that means you are poor

Where is that?

And did you read the part where I said "100,000 after taxes"

[truthsayer2]

Originally Posted by Memphis1979

Where is that?

And did you read the part where I said "100,000 after taxes"

Where is that?

NYC metro area

where a basic house will start at 450k

And did you read the part where I said "100,000 after taxes

and if a starter home is 450k, and the payments(which include not only the principal and interest BUT ALSO the property taxes and homeowner insurance) should be NO MORE than 29% of your NET INCOME (industry standard).....so if you earn 100k NET,, then you can only QUALIFY for a 2400 monthy payment.......that's not even a 350k house (depending on the local property taxes)

[Memphis1979]

Originally Posted by truthsayer2

NYC metro area

where a basic house will start at 450k




and if a starter home is 450k, and the payments(which include not only the principal and interest BUT ALSO the property taxes and homeowner insurance) should be NO MORE than 29% of your NET INCOME (industry standard).....so if you earn 100k NET,, then you can only QUALIFY for a 2400 monthy payment.......that's not even a 350k house (depending on the local property taxes)

Then don't live in New York.

You may not be able to afford a great apartment, but you're living there for the city, not the apartment.

Lots of other America, in case you didn't know.

[truthsayer2]

Originally Posted by Memphis1979

Then don't live in New York.

You may not be able to afford a great apartment, but you're living there for the city, not the apartment.

Lots of other America, in case you didn't know.

and the same could be said about anytthing else too in america

worried about being floodded in new orleans or florida...then MOVE


btw....the JOB (you know the word liberals hate) is in new york...I live where I work

[Roadking2003]

Originally Posted by GregW

Top end tax cuts only allow the financial theives to keep most of the loot. Tax cuts for the working and middle class provide the spending that keeps the economy growing.

Have you ever had a car or home loan? Yes? Then where do you think the money came from? Where do you think rich people store their "loot". If they didn't store their "loot", how do you think you could have gotten your car loan?

Ever hear about capital and how it's used to start or grow companies? New companies and growing companies need, you guessed it, WORKERS!

[Roadking2003]

Originally Posted by truthsayer2

here if you make 100k....you CANT AFFORD A HOUSE.......that means you are poor

When did home ownership become the measure of being poor?

[truthsayer2]

Originally Posted by Roadking2003

When did home ownership become the measure of being poor?

ownership is not...but housing costs in general are

a 1 bedroom apartment...is 1400 a month plus utilities

if housing is supposed to be less than 30% of your net income...then......what......

.............let's see 1400 PLUS utilities is 30% of what about 5000....AFTER taxes.....that means what......hmmmm before taxes must be at least 6000...maybe 6500....but let's use 6000.....6000x12 is 72000....you need 72k...JUST TO AFFORD AN APARTMENT (within the standard of 29-30%)....of couse you can squeeze by on less

[truthsayer2]

Originally Posted by Roadking2003

When did home ownership become the measure of being poor?

is it not the american dream????