The way to put more money in our pockets is to give tax credits equal to the amount of interest and

Mountainman

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Thu Jan-24-08 04:01 PM
Original message

The way to put more money in our pockets is to give tax credits equal to the amount of interest and

late charges a tax payer pays each year. A direct reduction of taxable income equal to your interest and late charge payments.

1. People can lower their federal tax withholding

2. People would increase spending using plastic.

3. If you don't pay interest and late charges chances are you don't need a tax credit and would not get one.

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panader0

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Thu Jan-24-08 04:08 PM
Response to Original message

1. Seven years ago I got zero money.

I am poor with three teenagers and have a rough time going from week to week, but I got a tax rebate because of my children, so therefore, no check. My single, childless friends all got a little "stimulus". The amount of money you get is in opposite proportion to how much you need it. Bullshit!

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lumberjack_jeff

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Thu Jan-24-08 04:17 PM
Response to Original message

2. How about based on how much fuel one burns?

Edited on Thu Jan-24-08 04:19 PM by lumberjack_jeff

Or how about based on how much one spends at McDonalds?

No, I got it, reimburse people for how much alcohol and tobacco purchased?

Holy perverse incentives, Batman!

Uh, hate to be a wet blanket, but if you give money primarily on an individuals capacity for accruing interest and late payments, the money is most likely going to be spent on interest and late payments. Economic stimulus? Not so much.

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Thu May 16th 2024, 04:12 AM
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