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IRS Will Send Stimulus Payments Automatically Starting in May; Eligible Taxpayers (pg. 2)
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| CND |
| quote: | Originally posted by R!CH
these tax rebates are ing retarded |
It's not a rebate. A rebate is you paid for something first and get it back. It's "free money" that will be added to the federal deficit. Even if you don't owe any taxes you are still eligible. Not like the last time this happened where it was a "loan" on your future refund.
The belief behind this is if people have more of what they earn in their pockets they will spend it and thus "stimulate" the economy. I agree.
Polar opposite to the increase taxes/lower discretionary income crowd. Most of congress, including both parties including the president, approve of this legislation/thought process. Yet at least two active presidential candidates want to ramp up income tax rates thus less money in our pocket to stimulate anything. And their supporters hold the majority and helped spearhead this legislation.
This does not make sense to me. Can anybody help me comprende?
:nervous:
;) |
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| R!CH |
| quote: | Originally posted by CND
The belief behind this is if people have more of what they earn in their pockets they will spend it and thus "stimulate" the economy. I agree. |
too bad this oversimplistic economic gamble will fall flat on its face as it has in the past. if you think this one-time payment is going to trigger an economic rebound, then i have a bridge i'd like to sell you too. the reason why so many politicians approve of it is, well, because it's election season and they'll happily suckle off any bit and piece of political opportunity that comes their way rather than make the tough choice, which is to be fiscally responsible and pay for our years of frivilous spending. it is after all harder to defend the idea of paying for a mistake than to throw money at voters and tell them to spend it. |
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| Tann |
| quote: | Originally posted by R!CH
too bad this oversimplistic economic gamble will fall flat on its face as it has in the past. if you think this one-time payment is going to trigger an economic rebound, then i have a bridge i'd like to sell you too. the reason why so many politicians approve of it is, well, because it's election season and they'll happily suckle off any bit and piece of political opportunity that comes their way rather than make the tough choice, which is to be fiscally responsible and pay for our years of frivilous spending. it is after all harder to defend the idea of paying for a mistake than to throw money at voters and tell them to spend it. |
+1
This does nothing except make a bad situation worse. |
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| vxman |
| quote: | Originally posted by CND
This does not make sense to me. Can anybody help me comprende?
:nervous:
;) |
election year |
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| CND |
| quote: | Originally posted by vxman
election year |
So right.
;) |
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| rizo |
| i like "free" money even though this is total bs :o |
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| Trancelover24 |
| quote: | Originally posted by R!CH
i would look at it as borrowed money, it's not like the federal gov has this kind of cash to be giving away... "oh well, it's the future's problem" - gop motto |
That is exactly what is borrowed money... BASTARDS!!! |
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| Gen3r4l1ty |
| This is going to bite us in the arse somethin fierce. |
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| rizo |
| quote: | Originally posted by Trancelover24
That is exactly what is borrowed money... BASTARDS!!! |
borrowing dollars w/ interest that has to be paid back in dollars... yep greatest idea ever! :whip: :mad: :( |
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| nerdgrl416 |
| quote: | Originally posted by djThomasPhan
I do taxes!
Big discounted for TranceAddict! |
Check your pms
:) |
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| djThomasPhan |
| quote: | Originally posted by nerdgrl416
Check your pms
:) |
I did and will send you info asap nerdgrl416. |
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| ninetyninej |
| quote: | Originally posted by R!CH
too bad this oversimplistic economic gamble will fall flat on its face as it has in the past. if you think this one-time payment is going to trigger an economic rebound, then i have a bridge i'd like to sell you too. the reason why so many politicians approve of it is, well, because it's election season and they'll happily suckle off any bit and piece of political opportunity that comes their way rather than make the tough choice, which is to be fiscally responsible and pay for our years of frivilous spending. it is after all harder to defend the idea of paying for a mistake than to throw money at voters and tell them to spend it. |
+2 |
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