Stimulus Check

[RevSmoke]

Permanent tax cuts would be great. That'd be a great start to the economy. Or course, it'd be nice if credit card companies used their noggin a bit, there are too many people out there with no common sense and getting themselves in too deep w/regards to credit. Then, they cannot figure out why they cannot pay of credit cards and other things.

Not really a tax CUT (as it's designed to be revenue neutral) is the
Fair Tax proposal.
It takes power away from Washington DC, so both parties don't like it.
This would end the recession and start a huge economic growth cycle before it even took hold. Too smart of a thing for them to do, but it hasn't gone away.

Originally Posted by BC-Axeman

Not really a tax CUT (as it's designed to be revenue neutral) is the
Fair Tax proposal.
It takes power away from Washington DC, so both parties don't like it.
This would end the recession and start a huge economic growth cycle before it even took hold. Too smart of a thing for them to do, but it hasn't gone away.

What about a flat tax that is not progressive?

Originally Posted by Tombstone

What about a flat tax that is not progressive?

That would work for fairness, but the Fair Tax plan would repatriate and bring in new foreign investment very quickly.
We are talking about stimulus on a countrywide scale that would take place even before the plan was fully executed.

[Zoomschwortz]

Originally Posted by BC-Axeman

That would work for fairness, but the Fair Tax plan would repatriate and bring in new foreign investment very quickly.
We are talking about stimulus on a countrywide scale that would take place even before the plan was fully executed.

Instead of giving away money we don't have, how about across the board the first $100,000 you earn is tax free and a flat tax of 30% or 40% for every dollar earned above that, period, no deductions, no nothing.

The bottom 50% of tax payers pay such a small amount of the total taxes collected that it wouldn't make much difference in what is collected, yet would make a very big difference in what the people could put back into the economy.

We wouldn't be throwing good money after bad (over and over again) and won't be funding special interest groups and social programs by putting this country (and our children) into a deeper dept.

Let the people who work and the businesses who put people to work keep more of the money that they have earned instead of putting a greater tax burden on us. If is done, the country will recover at far faster rate than if we let the government spend money we don't have, on new never ending social programs that only increase our dependance on the government. When we come to depend on the government for everything, we won't be any different than the citizens communist Russia.

Take care.
Ken

Originally Posted by Zoomschwortz

Instead of giving away money we don't have, how about across the board the first $100,000 you earn is tax free and a flat tax of 30% or 40% for every dollar earned above that, period, no deductions, no nothing.

The bottom 50% of tax payers pay such a small amount of the total taxes collected that it wouldn't make much difference in what is collected, yet would make a very big difference in what the people could put back into the economy.

We wouldn't be throwing good money after bad (over and over again) and won't be funding special interest groups and social programs by putting this country (and our children) into a deeper dept.

Let the people who work and the businesses who put people to work keep more of the money that they have earned instead of putting a greater tax burden on us. If is done, the country will recover at far faster rate than if we let the government spend money we don't have, on new never ending social programs that only increase our dependance on the government. When we come to depend on the government for everything, we won't be any different than the citizens communist Russia.

Take care.
Ken

We shouldn't worry about haw best for the government to get the most money it can from the wealth creators but how best to create more wealth to collect from. Everybody should pay something or they don't have a stake in the system. If more than half the people don't pay anything then they only need to use their majority to take more from the people who do have to pay. We are at that point now, it goes downhill from here.

[Zoomschwortz]

Originally Posted by BC-Axeman

If more than half the people don't pay anything then they only need to use their majority to take more from the people who do have to pay. We are at that point now, it goes downhill from here.

I would say a bigger problem lies in those who won't work, that feel they are entitled to the money earned by those who do and then only encouraged to ask for more because the government feels it is Robin Hood. Well at least they are getting the Hood part right

The economy will turn around faster if those who work are allowed to keep more of what they earn instead of the government taking from those who work and give it to those who won't.

Take care.
Ken