SI
SI
discoversearch

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.
Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (19718)12/28/2004 2:07:23 PM
From: RealMuLan  Read Replies (1) | Respond to of 116555
 
Whoever comes in for the next president of the US will have an awful mess to clean up<g>



To: mishedlo who wrote (19718)12/28/2004 2:21:39 PM
From: SeaViewer  Respond to of 116555
 
To cover the cost of the tax changes, the plan would tax the value of an employee's health insurance benefit as if it were income. "Most Social Security benefits" would also be taxed as income, the report says. Finally, the plan eliminates the itemized deduction for state and local tax payments.


These will add a lot of taxes for middle class american families. This administration truly is working for the top 1% of the population.



To: mishedlo who wrote (19718)12/28/2004 4:31:24 PM
From: benwood  Read Replies (1) | Respond to of 116555
 
"To cover the cost of the tax changes, the plan would tax the value of an employee's health insurance benefit as if it were income."

What's next, you're house burns down and is replaced, and you have to pay tax on the $300k? Auto accident totals your car, tack on $30k to your income! Kid gets run over in the street, tack on $100k to your income! I had a kidney stone a couple years ago -- cost me about $500, and my income would go up $2400 as well for Uncle Sam. Ain't that grand!

Got robbed? Too bad, give Uncle Sam his share of the loot, too! Got robbed and shot? Fork over Uncle Sam's $10k share, now! Got robbed by Uncle Sam? Just go to jail! Will convicts have to pay taxes on the $30k prison benefit? Why, Charles Dickens would love it!