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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (201823)	11/10/2001 11:07:03 AM
From: Mana	Respond to of 769670

Little Joe, The businesses could give YOU the 6.2% that goes to that Ponzi scheme the govt. has forced on us. -Mana

To: Little Joe who wrote (201823)	11/12/2001 11:34:05 AM
From: trouthead	Respond to of 769670

It's trickle up economics. They raise the wages and then we spend more so that they can afford to give us the raise. It is a scheme, I mean a prudent business plan for these tough times. jb

To: Little Joe who wrote (201823)	11/12/2001 11:53:50 AM
From: Kenneth V. McNutt	Read Replies (2) \| Respond to of 769670

<<If we get a 5% tax cut isn't that as good as a 5% raise. Many businesses are in trouble and can't afford a raise in salaries now.'>> I'll take the tax cut. I get to keep money earned. 5% raise minus taxes and soc. sec., plus added workman's comp, unemployment taxes on the employer leaves less to the worker and burdens the employer with further taxes. Also, here in Michigan, we have a Single Business Tax(SBT), based on payroll. Higher the payroll higher the tax even if the employer lost money that year. Very high tech, high payroll business paid the most, which is a deterrent to business in Michigan. I have read there is an attempt to repeal or reduce the burden, but , now retired from business,I admit I have not followed its passage. Ken

To: Little Joe who wrote (201823)	11/12/2001 12:05:43 PM
From: Bald Eagle	Read Replies (2) \| Respond to of 769670

RE:If we get a 5% tax cut isn't that as good as a 5% raise. Hardly. Let's say you pay a total of 20% of your salary in income taxes. 5% of that 20% is only a 1% net increase of the your gross salary that you take home. Of a 5% raise in gross salary, you should get to keep at least 60% of that, which will mean you get about an extra 3% of your original gross salary. I'm sure someone will disagree with my math, but I'm sure a 5% decrease in tax is nowhere near as good as a 5% salary increase.