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Well, the amount that people spend in taxes has certainly not been going up by 15% a year. Hey, Obama probably cut your taxes more than Bush (unless you're mak
by jbooth 17y ago
Well, the amount that people spend in taxes has certainly not been going up by 15% a year. Hey, Obama probably cut your taxes more than Bush (unless you're making > 250k or so), so things are going the right direction there. We haven't had a tax increase since Clinton, in fact. Healthcare rates go up every year.
Regarding tax reform: Sure. Our deduction system is crazy, Warren Buffet pays far less as a share of his income than I do. That's not fair, simplify the system and you can lower the rate across the board while collecting the same revenue. I'm consistent with these things :)
- yummyfajitas 17y agoObama is using deficit spending to make my taxes low in the short term. Sooner or later, taxes will have to drastically increase. http://www.seanet.com/~jimxc/Politics/Pictures/WP_Obama_deficits.gif http://www.seanet.com/~jimxc/Politics/Pictures/WP_Obama_defi... Regarding taxes, you believe that a $1001 unexpected event will drive you into bankruptcy, but a sustained payment of $10,000/year will not? Note that if that $10,000/year were reduced to $8,999, there would be sufficient money available to pay for the unexpected $1001 payment.
- jbooth 17y agoWhat, now all of a sudden deficit-financed tax cuts are a problem? :) Counter-cyclical deficit spending is pretty much the only time that the gov't should knowingly go into the red to hand out tax cuts -- otherwise, they should either cut stuff or raise the revenue necessary to stay in the black. Funny thing about those estimated future government expenditures.. if I had to give you one guess as to what the fastest growing component of those spending projections is, what would you guess? (Hint: it's abbreviated "HC")