2/14 GOP votes against biggest tax cut in history, after voting repeatedly
for Bush's tax cuts for the rich. The campaign ads really write
themselves.
http://www.washingtonmonthly.com/archives/individual/2009_02/016863.php
\_ but welfare is Communism! -conservative
\_ These "Tax cuts" were bundled with over $500B in spending, and
they aren't tax cuts they are payments. Getting the payment has
nothing to do with paying taxes. You can pay negative taxes
and still get a payment. Let's just be honest.
\_ Does anyone actually pay negative taxes, including payroll
and sales tax? Let's just be honest.
\_ I believe so, I have a brother in law that makes ~22k,
had 2100 and change withheld and is getting back 7400 and
change. 7.650% SSI + medicare is 1683. 7400 - 3783 = 3617.
So yes people pay negative tax, but I can't tell you how
many.
\_ Wait, getting your withholding back counts as negative
taxes?
\_ Math is hard.
\_ So are details, apparently. Has your b-i-l received
a check on this? Who's paying him, the IRS? Is he
getting a deduction or a check?
\_ I think the current tax system is way to complicated, and full
of social engineering. However, would it make sense to give a
tax cut by say raising the brackets for 2008? That seems like
a tax cut than giving everyone $600 or whatever it is. |