Honestly, for most people who are going to benefit from all these tax cut promises. Will it really have an impact on your quality of life? Will that extra $500-$1000 for the middle class, or the extra million for the super rich, change your standard of living? I know it won't affect me (a poor grad student) a bit.
Do You think Tax Cuts Proposed By Either Party Will Change Your Quality of Life? If not, why should it be an important election issue?
- Thread starter Pennstate
- Start date
Gore's plan will help me ZERO.
Bush's plan might save me $2000. Might I be able to change my lifestyle? Me thinks not.
Bush's plan might save me $2000. Might I be able to change my lifestyle? Me thinks not.
i dont think either one will change your lifestyle significantly, it will make a small difference at most.
dam()
dam()
Nope.
You have to remember that these are just plans. Wouldn't these plans have to get through congress? I guess I'm not sure how it works, but the democrats and republicans always fight and I doubt anything productive would get passed into law. Then they would each twist the facts and blame each other for the fact that nothing got done over the past 4 years.
edit: missed a word
You have to remember that these are just plans. Wouldn't these plans have to get through congress? I guess I'm not sure how it works, but the democrats and republicans always fight and I doubt anything productive would get passed into law. Then they would each twist the facts and blame each other for the fact that nothing got done over the past 4 years.
edit: missed a word
However issues like National Debt, Supreme COurt Judges, Education, Social Security, Health Care ARE going to affect your quality of Life!!!
Yes, you should not vote on a single issue..you should vote for the person that best represents you.
At the same time, the govt should not be keeping our excess tax moneys either. Washington should either pay off the national debt, or give it back.
At the same time, the govt should not be keeping our excess tax moneys either. Washington should either pay off the national debt, or give it back.
Small tax cuts will not do much good. It is now how much you make that counts (neccessarily) but how much you keep from it. Take that, pay off debt, and setup a long-term investment strategy where you exceed inflation by double (at least) and avoid taxes on your investments, and you will likely have something to count on for retirement. Other than that, and you pretty much are fvcked.
If Bush's plan were implemented, I would have significantly more of my OWN money to spend as I see fit. Would it change my lifestyle? No, because my lifestyle hasn't changed at all over the years, even as my income has grown.
But, our individual desires and needs are not even the issue. To focus only on that is the type of selfishness characteristic of today's population. Leaving more money in the private sector, instead of flushing it down Federal Piggy's toilet is good for the country as a whole.
Russ, NCNE
But, our individual desires and needs are not even the issue. To focus only on that is the type of selfishness characteristic of today's population. Leaving more money in the private sector, instead of flushing it down Federal Piggy's toilet is good for the country as a whole.
Russ, NCNE
<< However issues like National Debt, Supreme COurt Judges, Education, Social Security, Health Care ARE going to affect your quality of Life!!! >>
Exactly.............that's why you should vote George W. Bush!!!
But, our individual desires and needs are not even the issue. To focus only on that is the type of selfishness characteristic of today's population. Leaving more money in the private sector, instead of flushing it down Federal Piggy's toilet is good for the country as a whole.
Do not agree totally. I agree the nations' financial issues are very important. But if as individuals we do not learn and teach our kids financial responsibility, how can we expect our politicians to practice it in government? Or the constituents to value that responsibility when electing representatives? It all starts with an individual choice. You have to take care of no. 1 before you can venture to help someone else. In other words, if you ain't practicing it, do not criticize others who do not either.
Bush's plan might save me $2000. Might I be able to change my lifestyle? Me thinks not.
I know of several investment/savings plans where $2000/yr would yield you well over a million dollars at retirement, depending on your age of course. Would that affect your lifestyle? Of course it would. Very uneducated statement. You ever wondered why people with money traditionally know how to keep it better than the middle class does? They know how money works. I am middle class and learning, but my financial situation will be in the top 1% of the country by the time I am 35 because I decided to make a change. I have no parents and everything I do is the result of my work, so I do not want to hear any sob stories here either.
Do not agree totally. I agree the nations' financial issues are very important. But if as individuals we do not learn and teach our kids financial responsibility, how can we expect our politicians to practice it in government? Or the constituents to value that responsibility when electing representatives? It all starts with an individual choice. You have to take care of no. 1 before you can venture to help someone else. In other words, if you ain't practicing it, do not criticize others who do not either.
Bush's plan might save me $2000. Might I be able to change my lifestyle? Me thinks not.
I know of several investment/savings plans where $2000/yr would yield you well over a million dollars at retirement, depending on your age of course. Would that affect your lifestyle? Of course it would. Very uneducated statement. You ever wondered why people with money traditionally know how to keep it better than the middle class does? They know how money works. I am middle class and learning, but my financial situation will be in the top 1% of the country by the time I am 35 because I decided to make a change. I have no parents and everything I do is the result of my work, so I do not want to hear any sob stories here either.
We need to kill the huge Gov't beast .......the only way to do that is take away it's money. I can decide much better what is best for me.....then some Gov't lackey. That's the issue of this election....trusting the people with more freedom Bush...or less Gore.
With all the budget-busting pork barrel spending proposed in this year's budget and with the likelihood of economic slowdown next year, I think it's highly unlikely that any significant tax cut will occur anyway. Remember that most of Jr Bush's plan is delayed for a few years and that much of it carries a condition that the surpluses continue for the cuts to take full effect.
wyvm: IB-U was talking about short term and you are taking long term, so you are both right (so no name calling) short/long are two totally different playing fields and one as the voter needs to focus on this.
as for russ's comment, i think america as a whole is very selfish, which is a shame, not many ppl want to put out the money to watch it work, they rather sit on it. reminicing of the great depression anyone???
dam()
as for russ's comment, i think america as a whole is very selfish, which is a shame, not many ppl want to put out the money to watch it work, they rather sit on it. reminicing of the great depression anyone???
dam()
DanStp - You're not serious, are you? If Jr Bush is successful pushing through an abortion ban, restrictions on internet content, and some of the other items on his agenda, you will have less freedom, not more. You seem to focus on only the money issues. Whether or not you agree with Jr Bush's positions on these issues is irrelevant, the facts are that US citizens will have less freedom, not more.
Just make wise use of the money that you save. You say that social security is an important issue, but tax cuts are not? Any money you save through tax cuts, invested intelligently, would likely result in far more money at retirement than any form of social security.
Marty
Marty
Just make wise use of the money that you save. You say that social security is an important issue, but tax cuts are not? Any money you save through tax cuts, invested intelligently, would likely result in far more money at retirement than any form of social security.
Bingo. SS is just a stupid ponzie scheme that needs to die. It is a farce that the government has duped many of its citizens into thinking it was every a long term solution. Baby boomers have proved that theory. 2012 = SS Bankruptcy.
<< I know of several investment/savings plans where $2000/yr would yield you well over a million dollars at retirement, depending on your age of course. Would that affect your lifestyle? Of course it would. Very uneducated statement. >>
Thanks DAM for backing me up... my reply was directed to the change in my day to day lifestyle. I consider my self VERY educated when it comes to things like this. I know only too well the time/value of money.
Given my decision to save money at a young age (and continue to save), I have put myself into a solid financial situation for the future.
RUSS hits my feelings right on when he says, "I would have significantly more of my OWN money to spend as I see fit"
I bet if I offered someone here 2000 bucks they would jump all over it. It does not matter how one comes by the 2000, it is what they do with it. Hey 2000 would pay off my cc debt.
On Russ's comment that his income has gone up but his lifestyle has not: whose fault is that? If you chose to live a little bit lesser lifestyle to have what you wanted in the future you would be better off. Most Americans spend freely (one reason we have a great economy) and the fact is that we save less percentage of our incomes than any other major industrialized nation. We are a free country with a high per capita income, but how many retirees do you see working at Walmart just to meet the bills that SS cannot. See my point?
While you may or may not be able to control what goes on in government, you can control your own individual financial situation. I for one do not believe it is the governments responsibility to take care of people who did not have the foresight to plan for themselves. Financial responsibility should be the role of the parents, not the government. Our nation was built on business owners and peoples of trade, but we have fallen into a rut of being employees (indentured servants if you will) and spending everything we make while tossing our futures to the winds. Programs like SS are a major reason why are taxes are so damn high in the first place. Educating oneself is much more efficient than throwing money at the masses.
On Russ's comment that his income has gone up but his lifestyle has not: whose fault is that? If you chose to live a little bit lesser lifestyle to have what you wanted in the future you would be better off. Most Americans spend freely (one reason we have a great economy) and the fact is that we save less percentage of our incomes than any other major industrialized nation. We are a free country with a high per capita income, but how many retirees do you see working at Walmart just to meet the bills that SS cannot. See my point?
While you may or may not be able to control what goes on in government, you can control your own individual financial situation. I for one do not believe it is the governments responsibility to take care of people who did not have the foresight to plan for themselves. Financial responsibility should be the role of the parents, not the government. Our nation was built on business owners and peoples of trade, but we have fallen into a rut of being employees (indentured servants if you will) and spending everything we make while tossing our futures to the winds. Programs like SS are a major reason why are taxes are so damn high in the first place. Educating oneself is much more efficient than throwing money at the masses.
KB
Diamond Member
- Nov 8, 1999
- 5,406
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What people don't realize is that it is congress that has the say about tax cuts, not the president. That means that neither candidate can make any promises about tax cuts because they have to get congress to agree to it which they won't do and they have already said that.
JJM - an abortion ban wouldn't hurt me a bit... I can't have children myself, and would actually LIKE my wife to have some in GW's term in office. It would be better for this country. We have cheaped life itself with abortion on demand. Abortion should have never been permitted as a form of birth control. It should have started out HEAVILY restricted, only for horrible cases. Instead we had a supreme court reading things into the consitution and thus we have a few million children murdered because they were an inconvenience. God have mercy on us for being so selfish and immature.
More money in circulation lessens the possibility of recession or at least may limit the severity of it.
Who would you rather spend your money, yourself or some bureaucrat in Washington. After your money has gone through the Washinton burearcracy how much do you think is left over to actually do something productive?
If Gore gets his way and sets up new programs and new spending and the economy does go into recession it will make the debt soar. Tax revenue is easy to adjust to changing condidtions. A new federal program once implemented is nigh to impossible to get rid of.
Lowering taxes has proven in the past to actually increase tax revenue.
As previously pointed out, saving $2,000 a year in a IRA is one of the best ways to plan for retirement. 10 to 15% of your income is the percentage to shoot for. Start as early as you can, the value of time in saving is missed by many.
Will it change my quality of life is not the point!
Who would you rather spend your money, yourself or some bureaucrat in Washington. After your money has gone through the Washinton burearcracy how much do you think is left over to actually do something productive?
If Gore gets his way and sets up new programs and new spending and the economy does go into recession it will make the debt soar. Tax revenue is easy to adjust to changing condidtions. A new federal program once implemented is nigh to impossible to get rid of.
Lowering taxes has proven in the past to actually increase tax revenue.
As previously pointed out, saving $2,000 a year in a IRA is one of the best ways to plan for retirement. 10 to 15% of your income is the percentage to shoot for. Start as early as you can, the value of time in saving is missed by many.
Will it change my quality of life is not the point!
Dameon - As I said earlier, whether you agree or not is not the point. The fact is that these goals outlined by Jr Bush will further restrict freedom. Government will set up additional limits on what you can and can't do, look at, participate in, etc. There is no way they can be interpreted as enhancing freedom. To me, that is a more important issue than discussing tax cuts that are a pipe dream anyway.
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