Friday, April 10, 2009

Remember, Paying Taxes is Patriotic!



From the indispensable HotAir blog

4 comments:

  1. I make less then 250K a year so I don't have to be patriotic. I don't have much sympathy for the top 2% earners going from 36% to 39% which was the original rate for them in 2001. In fact, I get a tax cut, but most likely will not benefit much from it because most of my tax is returned from deduction for school and mortgage payment.

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  2. I suppose you never aspire to make lots of money. You're not getting a tax cut by the way, that's hokum. With the yearly deficit soaring past $2 Trillion this year, and at least an average of $1 Trillion every year for the next nine as predicted by the administration's budget, everyone is going to have to pay crushing taxes if we're ever to pay any of it off - unless we just repudiate the debt and then watch where the country goes.

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  3. I agree the deficit is huge, however the alternative presented was even worst. I want to ask people what their proposed solutions are. I do aspire to make more. Currently working on getting my Masters for Computer Science to push me into the 6 figure range. It will probably be another 10 years to reach that income, maybe I'll complain about it when I get there. Then again, everything may be better and I won't care as much.

    Anyways, where is the money going to come from? He came in with a huge debt, and less money coming in since more people are unemployed and can't pay taxes, which also cost them more for the unemployment benefits. There was a point where Donald Trump was a billion in debt and had convince the bank to borrow more money to invest and he turned things around. May seem like a bad example now, but the downturn is affecting most. Who knows, it might work out, if not he will be gone.

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  4. It's actually pretty simple. The government should simply do less. A lot less. I'm not an "enumerated powers" fetishist who thinks the Federal government can only do 18 or 20 things, but clearly it is doing far too much and what should be done is to go through and just axe whole departments. I don't have the space to list them all, but I wonder why we have agricultural price supports (to the tune of tens or hundreds of billions a year) to pay farmers, or very often distant landlords, to not farm. The free market should determine who grows what, not the Federal government. So, that's the solution - the government should just do less.

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