Trickle-Down Economics

[pghin08]

Give tax breaks to people who don't pay taxes? Yup, that is a sure-fire way to fix the economy. People who are taking out of the system but have never put anything in are the whole reason the system is broken.

Trickle-up economics doesn't work either. A $500 tax gift* to the poor will last one trip to the mall and WalMart. People who are struggling to make ends meet do not save or invest. Any Federal tax gift will be spent within days and serve zero purpose and guess who will have the money then...

*it isn't a cut or a rebate when they don't pay anything into the tax system. You can't get a rebate or a cut on zero dollars.

I agree.

[duane1969]

It just kills me. I keep hearing this crap about giving tax breaks to the poor and not the wealthy and I am just baffled by what they need a break for. Is there such a thing as a family living at or below the poverty line that doesn't get every red cent that they pay into taxes right back when they do a return?

[pghin08]

It just kills me. I keep hearing this crap about giving tax breaks to the poor and not the wealthy and I am just baffled by what they need a break for. Is there such a thing as a family living at or below the poverty line that doesn't get every red cent that they pay into taxes right back when they do a return?

I think a lot of people would agree to just ditch tax breaks PERIOD. No matter who they're for. Everyone pays the same percentage, and that's just it.

[sanfran22]

It just kills me. I keep hearing this crap about giving tax breaks to the poor and not the wealthy and I am just baffled by what they need a break for. Is there such a thing as a family living at or below the poverty line that doesn't get every red cent that they pay into taxes right back when they do a return?

Actually, a lot get more then they pay......

[AUTaxMan]

*it isn't a cut or a rebate when they don't pay anything into the tax system. You can't get a rebate or a cut on zero dollars.

They call it a "refundable credit" because they know the masses are too dumb to realize that it is really nothing more than wealth redistribution.

[duane1969]

Actually, a lot get more then they pay......

I know that and that is a whole other soapbox for me to get on. I just don't get why we need more tax breaks for people who pay no taxes.

[marekschwarz33]

Here's an idea:
Get the government's spending under control and completely eliminate the income tax for everyone.

[sanfran22]

I know that and that is a whole other soapbox for me to get on. I just don't get why we need more tax breaks for people who pay no taxes.

I agree with ya. Yet these are the people one side of the isle caters too......buy votes much?

[theonedru]

Give tax breaks to people who don't pay taxes? Yup, that is a sure-fire way to fix the economy. People who are taking out of the system but have never put anything in are the whole reason the system is broken.

Trickle-up economics doesn't work either. A $500 tax gift* to the poor will last one trip to the mall and WalMart. People who are struggling to make ends meet do not save or invest. Any Federal tax gift will be spent within days and serve zero purpose and guess who will have the money then...

*it isn't a cut or a rebate when they don't pay anything into the tax system. You can't get a rebate or a cut on zero dollars.

" A $500 tax gift* to the poor will last one trip to the mall and WalMart. "

This is more because people/families live way beyond their means. If people go their spending under control it would help immensely.

[MadMan1978]

It just kills me. I keep hearing this crap about giving tax breaks to the poor and not the wealthy and I am just baffled by what they need a break for. Is there such a thing as a family living at or below the poverty line that doesn't get every red cent that they pay into taxes right back when they do a return?

Yes Duane it is called the MIDDLE CLASS!
I grew up i it and live with in today...although I am falling below that now
....