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No future President/Congress is going to agree to raising taxes, which is effectively what allowing tax cuts to sunset would be. Silliness to even throw that out.
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Originally Posted by moneill
I'll be waiting to see. Honestly curious to see the impact. I've gotten so many different 'net results'.
As for the temporary tax cuts for individuals ....the point that many Americans make is not objecting to some Americans seeing more money, less taxes... From what I understand the objections/criticism is the tax cuts for individuals are temporary, while the significant tax cuts for corporations is permanent. That makes no sense...and the tax cuts for corporations come at a time when corporations are enjoying (for the most part) or have been enjoying some good profits without the tax cuts.
Not sure my interpretation of the objections is accurate but that's what my bubble looks like.
That is where personal responsibility comes in. Each taxpayer is responsible for her or his actions, including knowing the impact of any tax decrease or increase. You seem to be coming from a nanny-perspective, where the nanny is responsible for not letting the little ones in their charge make mistakes. Job having, tax paying citizens are not children.
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Originally Posted by Mikala43
That's good financial management.
Still doesn't mean that you got $50 MORE, just you got $50 to use right now. It is NOT a $50 dollar increase though (in a lot of cases).
YOU understand the difference, a lot of people don't.
Individuals can affect the net, if they will. Nothing is certain in this world, short of the government enforcing certainty. Even then.... Quit being a nanny.
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Originally Posted by Mikala43
Of course it is. It's also silly to say that 90% will get more money, and not acknowledge that 90% will not be the number who get it when you look at the net number at the end of the year.
That is where personal responsibility comes in. Each taxpayer is responsible for her or his actions, including knowing the impact of any tax decrease or increase. You seem to be coming from a nanny-perspective, where the nanny is responsible for not letting the little ones in their charge make mistakes. Job having, tax paying citizens are not children.
No, my point is the tax cuts are not what they appear. They were smart in how they did it, and I'm sure it has fooled a lot of people.
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So, you are really a student who is making their way in the world. Don't get hung up on short term gains or losses. Keep putting one foot in from of the other, which it sounds like you are. The results will take care of themselves.
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Originally Posted by New Horizons
Well I haven't seen any extra money yet. In fact don't even make AZ minimum wage. A drive an airport shuttle van and they pay me a small commission of the fare. Christmas is our busiest time, and there were noticably less reservations than last year.
But, after this current semester in school I'm making my move into entry level IT work.
“Shamefully, Republicans were cheering against the children as they rob from their future and ransack the middle class to reward the rich,” Pelosi tweeted.
No future President/Congress is going to agree to raising taxes, which is effectively what allowing tax cuts to sunset would be. Silliness to even throw that out.
The Republicans have already worked the expiration of the tax breaks (for all but the wealthiest) into their long term projections, in order to make the budget outlook less frightening.
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