Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bald Eagle who wrote (443192)	8/15/2003 3:40:19 AM
From: cnyndwllr	Read Replies (2) \| Respond to of 769670

Good thinking Bald Eagle. We "saved money" on taxes this year. Our "total tax" was less because we lowered the rates. Excellent, except..... Our bill for government INCREASED DRAMATICALLY. We financed the extra expenditures AND THE TAX CUT, by BORROWING. WE have to repay the extra expenditures and the amount we didn't cover because of the tax cut THROUGH INCREASED "TOTAL TAXES" when we REPAY THE BORROWING. When that happens we'll all pay according to the "new" formula. The "new" formula has shifted a significant amount of the burden from the very wealthy to the middle class. Less tax this year financed by more borrowing with additional expenditures also financed by more borrowing. Bigger deficits projected for the future. You haven't "saved" anything. You just delayed it and when the bill comes due you'll pay ALL of your old share and a SIGNIFICANT PORTION of the share that was previously paid by the wealthy. I know you care more about protecting their vast wealth and that you don't mind paying a higher percentage of your income in taxes than they do, but doesn't that bother you just a little? READ THE BUFFET EDITORIAL THAT I POSTED. It's very clear and it should stop your happy feet dance. As I said, smoke and mirrors. If the truth makes you angry then don't think about it. As far as the dufus comment, why don't you get past first base in your thinking before you start tossing that label around. You never know when it could come back to bite you.

To: Bald Eagle who wrote (443192)	8/15/2003 3:40:19 AM
From: cnyndwllr	Read Replies (1) \| Respond to of 769670

Good thinking Bald Eagle. We "saved money" on taxes this year. Our "total tax" was less because we lowered the rates. Excellent, except..... Our bill for government INCREASED DRAMATICALLY. We financed the extra expenditures AND THE TAX CUT, by BORROWING. WE have to repay the extra expenditures and the amount we didn't cover because of the tax cut THROUGH INCREASED "TOTAL TAXES" when we REPAY THE BORROWING. When that happens we'll all pay according to the "new" formula. The "new" formula has shifted a significant amount of the burden from the very wealthy to the middle class. Less tax this year financed by more borrowing with additional expenditures also financed by more borrowing. Bigger deficits projected for the future. You haven't "saved" anything. You just delayed it and when the bill comes due you'll pay ALL of your old share and a SIGNIFICANT PORTION of the share that was previously paid by the wealthy. I know you care more about protecting their vast wealth and that you don't mind paying a higher percentage of your income in taxes than they do, but doesn't that bother you just a little? READ THE BUFFET EDITORIAL THAT I POSTED. It's very clear and it should stop your happy feet dance. As I said, smoke and mirrors. If the truth makes you angry then don't think about it. As far as the dufus comment, why don't you get past first base in your thinking before you start tossing that label around. You never know when it could come back to bite you.