What are you going to do with your tax cut?

  • Posted by a hidden member.
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    Dec 07, 2010 2:37 AM GMT
    If you're one of the lucky ones to actually have a job and pay federal taxes, let's hear how you would go about stimulating the economy with your tax cut.

    I'll start: I will donate part of it to the United Way (already gave this year) and keep my personal trainer for another 3 months (even though I think I've learned enough to manage on my own). The rest I'll use to buy some CDs to learn Mandarin--face it, we just handed more of our money to China.icon_twisted.gif
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    Dec 07, 2010 12:02 PM GMT
    Really, no takers?
    It's all going into the bank?
  • Posted by a hidden member.
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    Dec 07, 2010 2:24 PM GMT
    I'm going to donate it to an organization fighting to reverse the tax cuts for the ultra-rich.
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    Dec 07, 2010 3:01 PM GMT
    I'm going to turn around and give it to New York State, which is probably going to raise my taxes.
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    Dec 07, 2010 4:17 PM GMT
    I'm gonna flush it down the toilet....or spend it in Rio! (thats BRAZIL).. just for effect.
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    Dec 07, 2010 4:52 PM GMT
    southbeach1500 saidThere is no tax cut.

    The agreement reached (still needs to pass in Congress) will not raise income taxes on anyone for 2 years.


    Actually, the Bush tax cuts were designed to expire on 12/31 and they will. So new legislation is being passed to create a new tax cut. Again, for someone who is always shrieking about how we should all read the Constitution, you don't seem to know much about how Congress works. icon_rolleyes.gif
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    Dec 07, 2010 4:57 PM GMT
    Christian73 said
    southbeach1500 saidThere is no tax cut.

    The agreement reached (still needs to pass in Congress) will not raise income taxes on anyone for 2 years.

    Actually, the Bush tax cuts were designed to expire on 12/31 and they will. So new legislation is being passed to create a new tax cut. Again, for someone who is always shrieking about how we should all read the Constitution, you don't seem to know much about how Congress works. icon_rolleyes.gif

    Frankly, he doesn't know how ANYTHING works. His purpose is to post Republican talking points here, not to actually know anything. icon_razz.gif
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    Dec 07, 2010 5:08 PM GMT
    southbeach1500 said
    Christian73 said
    southbeach1500 saidThere is no tax cut.

    The agreement reached (still needs to pass in Congress) will not raise income taxes on anyone for 2 years.


    Actually, the Bush tax cuts were designed to expire on 12/31 and they will. So new legislation is being passed to create a new tax cut. Again, for someone who is always shrieking about how we should all read the Constitution, you don't seem to know much about how Congress works. icon_rolleyes.gif


    If this deal doesn't pass Congress, and you end up making the same amount of money next year as you did this year, you'll be paying more in Federal income taxes. That's called a tax increase.


    No. It's a return to the existing rates, which were never permanently changed, but temporarily lowered as a means of stimulating the economy, which they failed to do. Stop trying to be a minor league Frank Luntz.
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    Dec 07, 2010 5:56 PM GMT
    So SB, what are you going to do with your tax break or lack of tax increase. Are you going to put it in the bank or go hire somebody? Or just splurge on consumables like most people who don't have the clout to hire people? (and contribute to our trade imbalance?). Maybe you should invest in a personal trainer. icon_biggrin.gif
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    Dec 07, 2010 6:40 PM GMT
    q1w2e3 saidSo SB, what are you going to do with your tax break or lack of tax increase. Are you going to put it in the bank or go hire somebody? Or just splurge on consumables like most people who don't have the clout to hire people? (and contribute to our trade imbalance?). Maybe you should invest in a personal trainer. icon_biggrin.gif


    LOL.
  • rioriz

    Posts: 1056

    Dec 07, 2010 8:40 PM GMT
    I will add more to my 401k and but a couple more drinks at the bar!
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    Dec 07, 2010 9:23 PM GMT
    I hope your drink of choice is Budweiser or Coors and not Tsingtao or even Carlsberg (apparently also produced in China now). Tip generously too.icon_razz.gif