UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Next Thread
Author: hackshark Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35357  
Subject: taxes Date: 1/7/2003 3:09 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 2
It costs a certain amount to run the government. It is absolutely FABULOUS that they want to lower/eliminate taxes on dividends. One problem: where does this budgetary shortfall get made up? Whose taxes have to increase to make up for this "gift"? Or will it not be made up and instead simply increase the deficit? That doesn't sound too wise to me.

-hack
Print the post Back To Top
Author: ricerFool Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 6029 of 35357
Subject: Re: taxes Date: 1/7/2003 3:57 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
"Whose taxes have to increase to make up for this "gift"? Or will it not be made up and instead simply increase the deficit? That doesn't sound too wise to me."

Therein lies the rub. That's the difference between the Republican party, and old-line conservatism. The old-line conservative would not think of doing a tax cut without a commensurate drop in gov't spending.
Politically, though, that would be a non-starter. Because ending the taxation of stock dividends primarily benefits people who are rich enough to have lotsa stock assets to begin with. And the commensurate cuts would most likely come from social programs that affect the poorer classes of people.

Although, the true old-line conservative (especially if he has brass balls) would say, "Well, the he!@#@!ll with it, 'cause we're cutting things that the Constitution doesnt allow the federal gov't to do in the first place!!!"

rF

Whose taxable income would be reduced by ~ $400 by the way. <- SOUNDS GOOD TO ME!!!

Hey, four hundred bux is four hundred bux, man!!!!

Print the post Back To Top
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Next Thread
Advertisement