The NEW Build Your Own Arcade Controls
Main => Everything Else => Topic started by: ChadTower on November 01, 2005, 04:29:33 pm
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WTF is Bush? He's sure not a Liberal, but he's obviously no Conservative either... he'll just eff over anyone any chance he gets.
From CNN:
The president's tax-reform advisory panel today submitted two final proposals to the Treasury Department, both of which offer significant changes to the tax breaks people have come to expect. The panel proposed converting the home mortgage interest deduction into a credit equal to 15 percent of mortgage interest paid.
I mean, seriously... he's supposed to be for tax breaks, yes? Tax breaks rather than eliminating one of the most basic deductions that regular families come to heavily rely on?
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I paid my house off this year. Good timing, eh?
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If I run the numbers, this results in my paying nearly $2000 more in taxes than I do now.
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OUCH!
-S
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Yep, my home value is just above the cap and I'm supposedly in that "they can most afford it" middle class bracket right below the wealthy that don't get hit and the poor who can't afford it. So I get slammed hardest whenever things like this happen.
Can most afford it ---my bottom---, someone tell that to the oil company that wants $450 to fill my heating oil tank this month.
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Can most afford it ---my bottom---, someone tell that to the oil company that wants $450 to fill my heating oil tank this month.
That reminds me, I need to have my propane tank filled. Better brace the checkbook.
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I may as well just get a job working for Exxon and then decline my paycheck. They're on the receiving end of everyone's money most of the time anyway.
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Yep, my home value is just above the cap and I'm supposedly in that "they can most afford it" middle class bracket right below the wealthy that don't get hit and the poor who can't afford it. So I get slammed hardest whenever things like this happen.
It doesn't matter what country you are from or who governs it, middle class always get slammed because there is a more of them.
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by the time i can buy a house everything is gonna be ---fouled up beyond all recognition--- even more, at least youre that far already
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Being this far is only good if you can KEEP the house.
Remember, you can have 75% of your house paid off and still lose it all just like that if you miss three payments.
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What are home loan rates in the states?
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Mine is like 5.875 I think, but the current rates are higher than that.
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WTF is Bush? He's sure not a Liberal, but he's obviously no Conservative either... he'll just eff over anyone any chance he gets.
He's a Corporatist and an elitist. Think of who has gained the most from Bush's tenure in office:
Big Business and Old Money.
He bought off a bunch of middle-class people with a $300+ check, from their tax return, while giant conglomerates racked in BILLIONS with no-bids contracts for his nation-building campaign, deregulation, and tax cuts for the wealthy. Just so C.E.O's could shore us their personal legacies by squirreling it away in off-shore accounts. That money will NEVER find it's way back into our economy.
Then, instead of turning is knife on pork-barrel spending, he turned it on the American people, via the attempt to privatize Social Security, etc.
mrC
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by the time i can buy a house everything is gonna be ---fouled up beyond all recognition--- even more, at least youre that far already
I feel your pain... I was planning on buying a house next summer, but now I'm having to reconsider based on the skyrocketing cost of electricity around here. I'm not sure I'll be able to fit the electric bill into my budget.
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Current avg. rate for a 30 year fixed rate, no upfront points in the U.S. is 6.5%, according to reuters.
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If I run the numbers, this results in my paying nearly $2000 more in taxes than I do now.
If I were you I would NOT run the numbers.
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I mean, seriously... he's supposed to be for tax breaks, yes? Tax breaks rather than eliminating one of the most basic deductions that regular families come to heavily rely on?
Thats OK, they just send you one of these...
(http://www.ionikh.gr/ico/VaselineJelly.jpg)
This ones gonna hurt if it doesn't get shot down.
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Oh joy. Oh effin' joy.
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Almost forgot to add:
"George Bush doesn't care about home owning people!"
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Almost forgot to add:
"George Bush doesn't care about home owning people!"
Imagine being a black home owning person right now - Bush double doesn't care about you.
Of course, he probably also doesn't believe that you exist.
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BUSHit
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It doesn't get signed until tomorrow. That gives you a day to do something about it.
Instead of being a Curmudgeonly and posting a b!tch b!tch b!tch post, you should post numbers for us to call to stop it.
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Sounds like that would actually benefit me right now. I barely made over the standard deduction last year itemizing everything including the mortgage interest. I would probably get more back. :-\
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you should post numbers for us to call to stop it.
Typical DD, always looking for someone else to do the work for him. You're such an entitlement-queen. Activism sure is "hard work", DD, but you wouldn't know that now would you.
mrC
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See, I would, but if you follow the story, it says that these are things that Bush's tax reform committee are going to recommend be proposed.
You want me to post phone numbers on how to protest a recommended proposal?
Do you also want me to get a mailing address to which we can register complaints about something someone may say should happen at some point?
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Do you also want me to get a mailing address to which we can register complaints about something someone may say should happen at some point?
If that something puts a $2k hit on the pocketbook, absolutely!
...Not that they care what we have to say anyway...
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They don't care about this new tax proposal. Either way they're still getting paid. They do care if voters are interfering with their cushy jobs by filling their voice mail and causing their secretary to sit at her desk all day taking names and address instead of picking up lunch and coffee.
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Countdown for that one being sent to hell. 5... 4... 3...
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I figured, what the hell, let's liven it up a bit.
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Chad....OUCH
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It's the best concise summary of Bush's two terms in office that I can find.
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It's the best concise summary of Bush's two terms in office that I can find.
HA!
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Did it get signed? Or were you really being Curmudgeonly and posted before knowing all the facts and now hoping this thread gets banned before we can laugh at you?
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From what I understand of this plan (Which I've seen dubbed as the "snowball's chance in hell" plan) there are a lot of other differences. For one, it gets rid of the Alternative Minimum Tax. It also drops the vast majority of Americans into a 15% tax bracket (Which for most of us is a big break). Also included in the plan are 401(k) style savings plans for "life events", new home purchases, Education, etc.
But you go ahead and focus on the narrow picture...
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Now I know what Chad meant when he said he was a kicker.
Did it get signed?
Jesus. Can't you're lazy-ass be inspired enough to do a 2 sec. search on Google to find out for yourself? Damn.
I dig how you can't help but make smarmy comments about me, all the while exposing yourself as the lazy, know-nothing ignoramus that we all know and love. Stop dragging your knuckles and visit 'GOOGLE.COM'...and leave me out of your fetid posts.
mrC
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What's with the weird line on his stomach?
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What's with the weird line on his stomach?
I didn't watch the clip long enough, nor close enough to notice. Sicko. :P
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Not that there's anything wrong with that.
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What's with the weird line on his stomach?
Damnit...made me look a second time :o
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Not going back for a closer look.
I guess all of the mods took the day off today. Think how the cheesecake thread could have flourished. But no, all we get is an unending loop of a guy taking it in the speedbags. Tragic.
-S
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But you go ahead and focus on the narrow picture...
I focus on the picture that means thousands of dollars in extra taxes for my family, when we are already hurting financially.
Why would I focus on something else?
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Jesus. Can't you're lazy-ass be inspired enough to do a 2 sec. search on Google to find out for yourself? Damn.
The Clinton News Network only says that Bush's committee came up with this plan, it doesn't say if Bush refused or accepted the plan.
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That is correct.
I started the complaining earlier than usual because this is not a smooth Conservative move.
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Countdown for that one being sent to hell. 5... 4... 3...
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Close to three hours. That's not very on-the-ball is it? ;)
-S
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Mods are around...at least in the Main section.
They took off a link to fleabay on a dumb guy selling roms & emulators.
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Pre-Hell post :angel:
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Post-Hell post
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It's like a coach running on the field to get ejected.
Sometimes, you have to fall on your own sword to rally the troops.
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they got it. pic gone.
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But you go ahead and focus on the narrow picture...
I focus on the picture that means thousands of dollars in extra taxes for my family, when we are already hurting financially.
Why would I focus on something else?
Oh, I don't know, probably the fact that the other aspects of the plan mean you'll be paying thousands LESS in income taxes, while getting a little less back on your mortgage interest. Net result to your family is that you'll have a few thousand MORE in your pocket, which will help you financially.
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I read somewhere that yes the mortage interest deduction is gone but that will be translated to some type of credit. Still use in some calculation but to a lesser degree.
We'll just have to see what actually makes in thru and become live.
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But you go ahead and focus on the narrow picture...
I focus on the picture that means thousands of dollars in extra taxes for my family, when we are already hurting financially.
Why would I focus on something else?
Oh, I don't know, probably the fact that the other aspects of the plan mean you'll be paying thousands LESS in income taxes, while getting a little less back on your mortgage interest.
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Oh, I don't know, probably the fact that the other aspects of the plan mean you'll be paying thousands LESS in income taxes, while getting a little less back on your mortgage interest.
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don't taxes need to go up? isn't that how it works?
republicans keep saying no new taxes....tax cuts..wooo! meanwhile everything gets all horked
then the democrats come in..fix everything but raise taxes and eventually people get sick of paying higher taxes so they let the republicans come in and hork everything up to get taxes down a couple bucks?
Seriously...don't flame me too hard...i have NO idea what i'm talking about. I'm just trying to get my post count up.
Allroy
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No, no one ever comes in and fixes anything.
No matter who is in, they hork it all up, and they all raise taxes.
The line between Democrat and Republican is pretty much nil now except for partisan behavior. Neither party is interested in what is best for the people or America.
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Yeah!
(still working on that post count ;) )
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No, no one ever comes in and fixes anything.
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It is not fixed until something better replaces it.
Has that happened?
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It is not fixed until something better replaces it.
Has that happened?
Raw sewage/nothing is something better.
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One of the items Bush said the new tax calulations had to do was to take in AT LEAST the same amount of $$$. That means best case = same as now but good chance it will go up.
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Another:
We've all seen the original... this one is funny.
(http://img177.imageshack.us/img177/3329/kungfu1jh.gif)
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That made me laugh so hard I couldn't breathe. The part where the lasers hit him and he collapses out of frame is priceless. :D
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That means best case = same as now but good chance it will go up.
Best case is the 100k + earners who manage to hide whatever they can in assorted tax shelters pay their fair share, and us middle class folks get a break.
Not holding my breath. I'm still fighting with Pennsylvania over $8 they owe me from 2003.
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Here in MA, people around $100k ARE middle class.
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Never thought of that. I guess class definition changes based on location.
I've always considered myself middle class (except when drinking, then definitely low class) but I make half of what you just mentioned.
Gotta go restructure my world views again.
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Here, any household under $70k combined income can pretty much kiss owning a home goodbye.
Anyone making less than $30k is going to have trouble finding an apt that's not a rathole.
Anyone making less than $20k is barely able to own a car if they have housing expenses.
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100K is about average I would think for a combined income...
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In most parts of the country, I suspect it's not, once you factor in cost of childcare for both parents to work.
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My wife stopped working when we had our son. Her salary wouldn't have made up for the child care and tax penalties for a double income family.
Even my tax guy has no clue what these proposed changes would do in the real world. He doesn't seem concerned about losing his livelyhood anytime soon.
I started reading thru the 46+ pages of the report, but lost my mind somewhere after the executive summary.
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Here, any household under $70k combined income can pretty much kiss owning a home goodbye.
Anyone making less than $30k is going to have trouble finding an apt that's not a rathole.
Anyone making less than $20k is barely able to own a car if they have housing expenses.
Same here (NYC/NJ) but maybe a little worse.
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I'm not far south of you, in the Philly 'burbs.
Amazing how cost-of-living fluctuates.
Taxes: fluc 'em all.
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I think that I am easily commutable to NYC is the thing. Same with Chad to Boston.
Nothing against Philly or anything, just not as big a city.
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"Nothing against Philly or anything, just not as big a city."
Smells just as bad. Nope, you are 100% right. I forget how big other cities are - I avoid them as much as possible.
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Eastern MA, along with NYC and parts of CA, are the most expensive places in the US to live. The next places aren't even all that close, either.