Obama and his new budget: Debt will surpass total US Economy

[Schneed10]

Originally Posted by firstdown

I was trying to give Saden a hard time. I realize 70 grand is not low income but when he said his friend paid no taxes I figured its because he is consider low income under the current tax system. Add in the fact he has 5 kids then that could be the case. I would think that most here agree if your making 70 grand a year you should be paying taxes.

Actually I don't necessarily agree. I can defend just about every deduction in the current code that would affect the middle class:

- if you've got 5 children and you make 70K, that's not a lot to go around, so you should get that child credit.

- you need mortgage interest deductions in place or the incentive to buy your own home is greatly reduced. it would crush the housing market at a time when it can't afford it

- student loan interest deductions? if kids couldn't deduct it, enrollment in college would decline, or more would default on their loans. either result is not good for our future or economy in the present day

If I have any beef with the current tax code, it's with the deductions offered to the wealthy.

Tax code is complicated people, deal with it. It's that way for a reason.

[saden1]

Originally Posted by Schneed10

Actually I don't necessarily agree. I can defend just about every deduction in the current code that would affect the middle class:

- if you've got 5 children and you make 70K, that's not a lot to go around, so you should get that child credit.

- you need mortgage interest deductions in place or the incentive to buy your own home is greatly reduced. it would crush the housing market at a time when it can't afford it

- student loan interest deductions? if kids couldn't deduct it, enrollment in college would decline, or more would default on their loans. either result is not good for our future or economy in the present day

If I have any beef with the current tax code, it's with the deductions offered to the wealthy.

Tax code is complicated people, deal with it. It's that way for a reason.

Maybe they shouldn't have 5 kids and reduce the pool of taxpayers and leave us to pickup the slack? The world could use less critters...isn't that right FD?

[Hog1]

Originally Posted by saden1

Maybe they shouldn't have 5 kids and reduce the pool of taxpayers and leave us to pickup the slack? The world could use less critters...isn't that right FD?

China One Child Policy - Overview of the One Child Policy in China

[saden1]

Originally Posted by Hog1

China One Child Policy - Overview of the One Child Policy in China

I am a benevolent dictator. I would let you choose between more kids less benefits, less kids more benefits. I mean, it can't be worse than the current policy of more kids more benefits, less kids less benefits.


Think about it, you would benefit because the tax burden on you is less and there would be less useless little toddlers who you have to subsidize and compete for natural resources with. You'd be king of the mofo jungle! The planet could use your help folks.

[firstdown]

Originally Posted by saden1

I am a benevolent dictator. I would let you choose between more kids less benefits, less kids more benefits. I mean, it can't be worse than the current policy of more kids more benefits, less kids less benefits.


Think about it, you would benefit because the tax burden on you is less and there would be less useless little toddlers who you have to subsidize and compete for natural resources with. You'd be king of the mofo jungle! The planet could use your help folks.

So you have a problem with our current system that gives more benefits to mother on well fair who have more children?

[saden1]

Originally Posted by firstdown

So you have a problem with our current system that gives more benefits to mother on well fair who have more children?

I don't believe in handing people money because they have more kids. That isn't to say the government shouldn't provide some level of help (i.e. SCHIP, daycare, school lunch, education grants etc) to low income families.

Conservatives think only the poor don't pay taxes or get perks which clearly isn't true. I mean, there isn't enough poor people in this country for 47% of the population to not pay taxes.

Poverty in America from the census: http://www.census.gov/compendia/stat...es/11s0708.pdf

[firstdown]

Originally Posted by saden1

I don't believe in handing people money because they have more kids. That isn't to say the government shouldn't provide some level of help (i.e. SCHIP, daycare, school lunch, education grants etc) to low income families.

Conservatives think only the poor don't pay taxes or get perks which clearly isn't true. I mean, there isn't enough poor people in this country for 47% of the population to not pay taxes.

Poverty in America from the census: http://www.census.gov/compendia/stat...es/11s0708.pdf

Thats the problem. The group of people not paying any federal income taxes has grown past the poor into the lower middle income to middle income. The poor is clearly the ones receiving the perks without paying into the system.

[Hog1]

Originally Posted by saden1

I am a benevolent dictator. I would let you choose between more kids less benefits, less kids more benefits. I mean, it can't be worse than the current policy of more kids more benefits, less kids less benefits.


Think about it, you would benefit because the tax burden on you is less and there would be less useless little toddlers who you have to subsidize and compete for natural resources with. You'd be king of the mofo jungle! The planet could use your help folks.

There could be hope for you yet!

[saden1]

Originally Posted by Hog1

There could be hope for you yet!

Is it like the Obama hope?

[Hog1]

Originally Posted by saden1

Is it like the Obama hope?

Oh...no no no no no no....I give you...way more credit than Lord O.

[firstdown]

Originally Posted by saden1

Is it like the Obama hope?

The Obama Hope is fine its the Change part thats not working out so well.

[firstdown]

Originally Posted by saden1

Maybe they shouldn't have 5 kids and reduce the pool of taxpayers and leave us to pickup the slack? The world could use less critters...isn't that right FD?

Thats right. If I'm correct there is a cap for the child deduction so any kids over two you don't get much of a write of if any. I think its capped at $6,000 which would be about 1,500 refund for most people. Thats not allot.