a tax cut question for all of you..

[taxes gone mad]

When bush came into office we were running a surplus. Didn't anyone think that by having a tax cut and just mailing out a check to everyone in the country, that that wasn't going to put a dent in our surplus?????

[Patriot]

The tax-rebate check was even more stupid than the Duct Tape debacle. There's no one in charge since Clinton left. Clinton left Bush a massive surplus and Bush squandered it.
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[Reality]

Maybe the Bushes had to spend the surplus on new furnishishings for the White House after Bill and Hillary looted the place.
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[Skeptic]

Just to set the record straight, technically. There wasn't a surplus as most people think of it. There was no pile of cash sitting around to be spent. The surplus was a projection on future spending vs. future revenue - revenue was expected to outpace spending. In other words, the government expected to collect more in taxes than it expected to spend in future years. The national debt still existed and exists. What the original Bush tax cut did was take the projected excess revenue and reduce it via a tax cut to come closer to projected spending. I agree with the cuts, but that's not the purpose of this post. I just wanted to clarify the "surplus" issue.
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[taxes gone mad]

I just could never see the point in just mailing out checks to everyone, resulting in over a trillion dollars just taken out of the treasury. I understand the reasoning behind it that people were gonna put it back into the economy and spur it forward. but what about the schmucks who never put it back into the economy, like the guys who went out and bought drugs with the money and put it into columbia's economy..

[Reality]

All kidding aside, the majority of the tax cuts were to go to THOSE WHO PAID THE MOST TAXES, who happen to be the upper middle income taxpayers. Personally, I have no problem with that because I pay a hell of a lot of taxes, much of which pay for those who pay none. The people who do have a problem with that are the liberal democrats who think every time there is a tax cut that the low income people should reap the benefits even though they pay little or no income tax. In reality low income people already get a stipend (if they file an income tax form) in the form of the earned income credit, which guarantees them a tax refund even if they paid NO taxes. Some people think that's fair. I don't.

There is something that liberals just can't seem to grasp. The income tax system was put in place as a way to pay the expenses of our government. It was never meant to be a means to redistribute wealth from one income class to another. There is a name for a system like that, and it is called SOCIALISM.
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[Curious Indy]

"...a Tax Cut for the American People." Bush and the rest of the Republicans always like to boast that thr tax cut is for "The American People" in thr 30-second sound bites. If you have 9 people getting a tax cut of $100 each and one person getting a tax cut of $9,100, Bush and the GOP boast that the tax cut will "put $1,000 back into the pockets of the typical taxpayer's pocket." Using an "average" is highly distorted for the exact reason you stated. Those 9 people in my example end up disappointed when they hear they are getting about $1,000 back when they get only $100. Can't the GOP at l describe thr tax cut plans more appropriately as "tax cuts for the wealthy" then use your reasons to justify it? Thr plan and thr spin on thr plan both infuriate me greatly.

A more meaningful statistic to describe how a tax cut is distributed is the median, which would be $100 in my example. This removes the distortion of a very few taxpayers getting a huge amount and inflating the average to the point that it is not a good representation of what a "typical" taxpyer gets. But then Bush and his GOP cronies could make the nice-sounding claims they make.

A good place to see just how far apart the average (mean) and median are when it comes to competing tax cut plans is the website for the Citizens for Tax Justice www.ctj.org. In there you will see how the tax cut plans put forth by the Democrats are not so horribly skewed towards the wealthy as the GOP plans are. Yes, the Democrat plans put more tax cut dollars into the hands of the wealthy, they just don't skew as horribly as the GOP's.
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[True GOP]

Taxes gone mad, be happy. The State, instead of finding ways to cut taxes, just passed a HUGE increase. This should make every Democrat happy. No tax cut, more spending and more out of all of our checks.


Heck, a married couple on LI making a combined 150,000 is rich. Better let all of my friends know they are suddenly all rich, regardless of the high-cost of living here.

But we will see, at the state level, if increasing the taxes will generate more jobs, as the dem's constatnly propose.

Tax cuts won't help say the dem's. In NYT, since teh State GOP Senators have really become dem's, we will find out if the democratic formula works.

Thanks to Dean, Chuck, Ceasar, Mike B, Owen, Carl, the dem's have won the day.

See you all on the unemployment line!

[Really POd]

Taxes are the cost of living in a civilized society.
Jctruth made a comment on another thread about how homeowners are bearing the burden of high school taxes. If there had been no increase our children would lose, homoeowners would be pressed for increased taxes, the rich would go out to dinner a few more times and the hacks would claim a no vote for taxes. GOPers showed some political courage. I definately support this increase! Not to increase the tax would be the greatest irresponsible act.
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[True GOP]

Do we really need a tax increase in our school district every year?

Can we do domething about the administration.

In Levittown, we have an entire building dedicated to administration, a super who makes over 160k, asst super who make over 150k a year and other admins who mjake over 140k a year.

Is the money REALLY going to the kids? I think not.

Teachers are not paid that much.

[Reality]

you have a good point. Pres. Bush should just say that he's going to give a tax cut to taxpayers in proportion to what they pay. Sounds fair to me.
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[Truer GOP]

The old canard of "tax and spend" dems doesn't work anymore. It's now the gop's turn to tax, borrow and spend.

Where are the cuts? Why is lotto money going to the general fund? How is it we can increase state spending tremendously in good times, but can't reduce it in bad? Except as re-election gimmicks, what purpose is served by lulu's (elected official largess)?

And don't forget the alternative minimum tax from the feds. You don't have to earn $150K a year to get bit by that one.

[Reality]

It now seems the Democrats have sensed which way the wind blows re. the tax cut issue. They are actually now IN SUPPORT of a tax cut, just not as large as Pres. Bush is asking for. One would think that they would have the courage to stick to thr convictions. No wonder true liberal democrats are looking for an alternative party.
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[Reality Bites]

Liberal democrats have found thr alternative in the NYS GOP.
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[taxes gone mad]

I just never saw the point in having a surplus, then coming into office and writing everyone in the country a chaeck. didn't anyone realize it was gonna deplete the reserves...forget the smoke and mirror explanations..If you have money in your wallet, and you take it out and give it to someone, you have less in your wallet..very simple..

[new2me]

In Nassau county and in Suffolk county the proliferation of illegal housing is staggering. In some towns like Huntington the town allows accessory apartments in single family houses. The town collects fees and a tax only for carters. With all this downzoning to increase our population density and non enforcement of illegal dwellings Huntington and indeed Long Island are creating a tax drain on its citizens.The people who bear this burden are the tax payer who must subsidize both the renters and the landlords.
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LovelyWendie (http://www.lovelywendie99.com/)

[Novice Visitor]

So you pay "a hell of a lot of taxes?"
That must mean you earn "a hell of a lot of income," don't it?

And you're still complaining?

Sounds like you can't answer the most basic question, but it's the only "fair" question we got - because both the rich and the poor have to answer the same question -

How Much Is Enough?


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[Novice Visitor]

You said:

"Heck, a married couple on LI making a combined 150,000 is rich. Better let all of my friends know they are suddenly all rich, regardless of the high-cost of living here."

That's $3000 a week!
As in "three-thousand-dollars-a-week!"
Is it too hard to "imagine" squeaking by on $3K a week?

Sure, Dennis Tyco made $30,000 a week, but at l he "invested" it back into the economy as fast as he could furnish 5 houses 'n condos...now that's really "rich," isn't it?

WAKE UP!
The median income on L.I. is $85, 000 for a family of four with 2 incomes which translates to the cold cash reality that HALF OF THEM MAKE MORE THAN THAT!


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GYRO (http://www.honda-wiki.org/wiki/Honda_Gyro)

[To Novice Visitor]

Quote:Didn't anyone think that by having a tax cut and just mailing out a check to everyone in the country, that that wasn't going to put a dent in our surplus?????

Um, I believe there was a little something called 9/11 that had to do with that surplus bng spent, as well...

Surpluses mean the government has too much of your money because your taxes are too high.

[Novice Visitor]

Let's review:
In math, the "median" is the half-way point, as in:
50 -X- 50.
Or, another way to describe it:
fifty percent is below the median, and the remaining 50% is above the median.

Always, it's the MID-point - that's why they put the concrete divider in the center of the highway and call it a median (even though there's WAY more traffic on the side that we want to use to get somewhere).

So, no, lots of people can't be making $86,000 out of proportion to the remaining half - if there were, then the median would adjust upwards, and,
(ready?)
the median would then be $86,000 !

I suppose bng in the "top half" of income earners in the one of the 5 most richest U.S. counties doesn't automatically endow a person with the ability to comprehend how well off they are - I'll be more careful next time to explain it better!
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[Novice Visitor]

BTW - Those $300 checks? They were "the peoples' money" that President Bush promised, and it was from that tax-year-liability, not before nor after.
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[hold the line on taxes]

call immigration get some field agents to work a deal with greg peterson and the nassau cops send them home and save nassau county let them stay in miami and los angeles

[Tax Taxes]

Can't afford to pay anymore taxes.

[SCPD PATROL 3]

Simplify the tax code and go to a FLAT TAX! Other countries have gone to that type of system (notably Russia) and it works. It works very well and in fact, revenues are actually higher! I for one would pay 15-18 %.

[Tax Tax]

How much is to much?

[Taed Out]

I need another job just to pay taxes.

[hedgehog II]

People like Reality are ridiculous. Nobody wants to hear wealthy people whine about thr taxes. Instead of bng thankful for what you have, you feel the need to complain about people who often don't know where thr next meal is coming from. You people are long on hostility and short on compassion. Grow up.

[taxtaxtax]

How much more could we take?

[taxtaxtax]

How much more could we take?

[TaxedOut]

Now they really hurt.