Clint - Admit You Were Wrong

[KCWolfman]

I believe that you said that there was no way we were getting a tax break and you'd believe it when you see it this year.

Guess what???

I just got my notice..... almost 400 dollars.

WOOOHOOOOOO!!!

That is more than I got in 8 years from Billary.

[bkkcoh]

KCWolfman,

Do you really expect Clint to admit that a republican has followed through on a campaign promise and to admit he was wrong?

:D


My wife says, that sure is a [b]HUGE[/b] tax break, but I tell her, what kind of tax break did Clinton give us. :)

[Clint in Wichita]

I like the fact that we're getting money back that was rightfully ours in the first place, but I'm more anxious to see the "NET" column on my pay stub increase. Until then, my taxes haven't decreased at all.

[Gaz]

Clint-

Sofeisty would be proud of you.

xoxo~
Gaz
Wondering why "I was wrong" is so hard to type.

[BIG_DADDY]

CLINT WRONG? :confused: No way dude, you must be mistaken. Clint is never wrong.

BIG DADDY

Even when he is wrong he isn't WRONG.:rolleyes:

[bkkcoh]

If the Clinton economy was so good and it was accomplished by raising taxes, why aren't the Senators proposing tax increases to help the economy? :D

[KCTitus]

Reading Clint's explanation of how his taxes havent decreased even though he's receiving a refund for taxes withheld this year is akin to listening to democrats wail over federal spending 'cuts'.

Federal spending 'cuts' are actually smaller [b]increases[/b] in spending than they wanted or budgeted. In 1994 or 95, the Mediscare ad campaign was in full force with rhetoric about starving seniors and homeless seniors, etc. In reality the only thing that was proposed was instead of increasing spending over 15% from the previous year, increase spending 10% from the previous year.

[Gaz]

Let’s do some simple math, shall we?

Let us assume that your share of the tax burden was $10,000. You paid some of this burden in payroll taxes. You might have paid some of this by anticipated tax payments during the year. Or you might have written a check on April 15th. The exact method does not matter, so long as the total adds up to $10,000.

[I can supply the mathematical theorems supporting this reasoning if anyone is unfamiliar with grade school mathematics.]

Let us now assume that the Government cuts you a check for $250 as a tax rebate.

It gets a little tricky now, so pay attention and do not hesitate to ask questions.

$10,000 - $250 = $9,750.

Your tax burden has been reduced from $10,000 to $9,750. That is, by definition, a tax [b]decrease.[/b] Regardless of whether this decrease occurred in your regular pay stub or in a rebate check from the Government. Your taxes have been decreased by a net of $250.

If you were one of those who said “I’ll believe it when I see it,” then you can without embarrassment wait until the check is in your hot little hands before eating your crow serving. The Conservatives will keep your serving hot for you.

xoxo~
Gaz
Doin’ the math.

[KCTitus]

Speaking of Taxes and the economy, I've been listening to Greenspan's testimony before the House Banking Committee and I have to say that Maxine Waters is dumber than a box of rocks.

She couldnt ask a question or complete a single thought it was a non-stop ramble for about 3 straight minutes. She couldnt even remember Greenspan's name for cryin' out loud. What an embarrassment to the constituents of her district.

[Mile High Mania]

Well, I did receive about $600 bucks yesterday for my taxes... but, I think it has more to do with the democrats having control.

:-)

[BIG_DADDY]

Titus,

Agreed. I wish I had counted how many times she had said uh and uhmm.

BIG DADDY

Is not sure she is capable of completing a single thought without mumbling.

[Clint in Wichita]

The way I understand it, these checks represent a tax cut retroactive to Jan. 1.

Once the checks are cut, our paychecks should increase...unless the govt. plans on cutting 100 million checks every 6 months.

I may have been wrong about the cut, but it remains to be seen if it actually pans out the way Bush claimed it would during the debates.

If spending isn't decreased, the cut won't matter much because the economy will nosedive like it did in the 80s.

[Clint in Wichita]

The way I understand it, these checks represent a tax cut retroactive to Jan. 1.

Once the checks are cut, our paychecks should increase...unless the govt. plans on cutting 100 million checks every 6 months.

I may have been wrong about the cut, but it remains to be seen if it actually pans out the way Bush claimed it would during the debates.

If spending isn't decreased, the cut won't matter much because the economy will nosedive like it did in the 80s.

It's lunchtime, so this reply may or may not get through!:rolleyes:

[KCTitus]

very close, Clint.

The retroactive part was the 10% tax bracket. Your withholdings would be adjusted as of July 1st assuming that you hadnt reached the 15% bracket yet.

Next year, your first few checks will have fed w/h around the 10% level until you reach the next bracket. these w/h will continue to change as your income goes into the higher brackets.

[Cannibal]

I think the tax refund is excellent. First good thing Bush has accomplished.

I just can't believe that we are going to get all this money, and then continue to spend money like there is no tomorrow on things like military increases. If we cut taxes, we must cut spending, not increase it. If not, the buget "surplus" will disappear in no time at all and we'll be back to large deficits, unemployment and inflation.

If the economy nosedives, people will forget about this tax cut in the blink of an eye.