Distract, Tax, and Spend

[Arlos]

Um, student loans are not all you think they are. I speak here as someone dependant upon them. The MOST you can get via the GSL program is 10.5k a year Now, I dunno about other places, but 10.5k doesn't even cover my rent + utilities, and I live in a inexpensive place. Student loans, and especially the grants, could definitely use adjusting, as their available values haven't increased at all with inflation.

As for taxes, some increases I am for, some I might not be. I would DEFINITELY be for repealing the tax cuts for capital gains and the elimination of taxes on dividend income. Both areas of which will impact the middle class very little. Oh, and were not many of these taxes in place back in 99? Funny, I seem to recall doign just fine and taxes not being an undue burden in 99....

All that said, I would still be in favor of a national flat tax over anything like what we have now. If only the idea could get real political traction.

-Arlos

[Martrae]

Perhaps you missed this paragraph:

Seniors get hit hard too. Democrats like to crow that only the richest one percent of Americans benefit from the stimulative tax cuts Republicans passed in 2001 and 2003. What they rarely mention is how much seniors benefited from those cuts in the form of increased income as a result of lower taxes on dividends and capital gains. More than half of all seniors today claim income from these two sources, and the Democratic budget would lower the income of every one of them by reversing every one of those cuts.

I'd love a flat tax also!

[Tossica]

Perhaps you missed this paragraph:

Seniors get hit hard too. Democrats like to crow that only the richest one percent of Americans benefit from the stimulative tax cuts Republicans passed in 2001 and 2003. What they rarely mention is how much seniors benefited from those cuts in the form of increased income as a result of lower taxes on dividends and capital gains. More than half of all seniors today claim income from these two sources, and the Democratic budget would lower the income of every one of them by reversing every one of those cuts.

I'd love a flat tax also!

Yeah, there are a lot of rich, old, fucks out there. Just because you are a "senior" doesn't mean you are struggling to buy your Depends and Doans pills. I'm sure granny and grampy will be just fine.

[Arlos]

Just because a wealthy person is post-60 doesn't mean they shouldn't pay their share of taxes. Someone living modestly off a small pension and social security income isn't going to be effected one iota.

Gramma and Grampa Warbucks, however, who're earning 500k a year from their stock portfolio (yet are still collecting social security), well, they might get hit some. Boo fucking hoo.

And yes, I know martrae would love a flat tax. I wish one of the major candidates would bring it up...

-Arlos

[Lueyen]

Flat tax would be awesome.

[Martrae]

I'm sure granny and grampy will be just fine.

I'm not worried about my granny...she's got millions. :P