In order to participate in the GunBroker Member forums, you must be logged in with your GunBroker.com account. Click the sign-in button at the top right of the forums page to get connected.
Economic Improvement Strategies?
gunnut505
Member Posts: 10,290 ✭
Just spitballin' here, but I remember when you could take a credit against your taxes for credit card & mortgage interest. I seem to recall that BOTH were taken back by the IRS in order to improve the economy.
I submit that if those tax credits were restored, along with a tax credit for a portion of the currently volatile premiums for health insurance; more velocity is created in the cashstream between people and their disposable incomes.
Since more stuff gets bought, more taxes get paid in the form of sales tax, license fees, permits, use taxes, states & localities pay more to the Feds; normal citizens would see an increase in pocketmoney cashstream (which improves overall morale, which improves outlook, which creates future opportunities).
Thoughts?
I submit that if those tax credits were restored, along with a tax credit for a portion of the currently volatile premiums for health insurance; more velocity is created in the cashstream between people and their disposable incomes.
Since more stuff gets bought, more taxes get paid in the form of sales tax, license fees, permits, use taxes, states & localities pay more to the Feds; normal citizens would see an increase in pocketmoney cashstream (which improves overall morale, which improves outlook, which creates future opportunities).
Thoughts?
Comments
Make the "New" New Deal. If you can work you get a government job fixing roads. Build government owned alt-energy plant to shut the tree huggers up.
Federal if you can carry carry law. Basically it's your job to keep yourself safe. Figure obama let in the wolves it'll take everyone to take care of that.
World paying up front to take care of osamas. If they can't we sit it out or get first dibs on the goodies.
Take our fingers out of the world's pie. Let NATO do some carrying for a while. This country needs a break to fix things for a while.
You can still write off you mortgage interest
Yep
Personally, I think it is a good thing, and it will be a better thing when mortgage interest deductions and charitable giving are also removed.
These credits are/were designed, as gunnut505 postulates, to help these specific industries and are simply the result of those industries' success at legislatively manipulating the tax code. There is no reason some folks should subsidize (through higher rates or increased federal debt) the purchasing (or giving) choices of other folks.
Eliminate all of these types of deductions for individuals and lower the overall tax rates a proportionate amount. That would, IMO, create a more broad based and sustainable economic stimulus.
Brad Steele
Merc
Want to stimulate some tax money? Start taxing CHURCHES! They have enough money, they don't need tax breaks! They are BUSINESSES!
Merc
If that is the case they sure are getting ripped off by the customers!
Want to stimulate some tax money? Start taxing CHURCHES! They have enough money, they don't need tax breaks! They are BUSINESSES!
Merc
Can't say as though I've ever went to a church that had anything resembling an excess of money, or was run in a way anything resembling a business. Also never had a pastor that lived in opulence in a huge house.
So...your turn.
Just think, no more filing of yearly taxes or worry about deductions and the tax system headaches!
I also think we should get the COAL business back up and online.
Google it.
There are thousands of "rich churches" out there too. If you live in a small town, you won't see them.
Merc
quote:Originally posted by 35 Whelen
quote:Originally posted by Mercury
Want to stimulate some tax money? Start taxing CHURCHES! They have enough money, they don't need tax breaks! They are BUSINESSES!
Merc
Can't say as though I've ever went to a church that had anything resembling an excess of money, or was run in a way anything resembling a business. Also never had a pastor that lived in opulence in a huge house.
So...your turn.
It is YOUR money, not the Governments, they have no right to it. DO not tax churches, do not tax cell phones, do not tax tires, do not tax gasoline and do not tax income on the federal level.
Starve the Beast Government.
Put them back into the Constitutional Box they have metastasized from.
I agree with you on that. BUT, if we are going to have taxes, then tax churches also!
Merc
quote:Originally posted by bpost
Get it right in your head first.
It is YOUR money, not the Governments, they have no right to it. DO not tax churches, do not tax cell phones, do not tax tires, do not tax gasoline and do not tax income on the federal level.
Starve the Beast Government.
Put them back into the Constitutional Box they have metastasized from.
Get it right in your head first.
It is YOUR money, not the Governments, they have no right to it. DO not tax churches, do not tax cell phones, do not tax tires, do not tax gasoline and do not tax income on the federal level.
Starve the Beast Government.
Put them back into the Constitutional Box they have metastasized from.
1913 was a very bad year for the USA. On display in threads on this forum is many of the problems it has lead to.
Some local or state government doesn't do what you think they should "cut off their funding" is the cry, as they run to daddy to make them feel better. So much for states rights, now that the federal government has the money make sure to use it for more control and more power, supported by the populous of course.
Most people in this country have no idea what having the federal government put back in it's constitutional box would mean or what drastic steps it would take to accomplish it.
Get it right in your head first.
It is YOUR money, not the Governments, they have no right to it. DO not tax churches, do not tax cell phones, do not tax tires, do not tax gasoline and do not tax income on the federal level.
Starve the Beast Government.
Put them back into the Constitutional Box they have metastasized from.
We have a winner.
Any tax grows government.
The Catholic Church is one of the wealthiest entities in the world.
Google it.
There are thousands of "rich churches" out there too. If you live in a small town, you won't see them.
Merc
quote:Originally posted by 35 Whelen
quote:Originally posted by Mercury
Want to stimulate some tax money? Start taxing CHURCHES! They have enough money, they don't need tax breaks! They are BUSINESSES!
Merc
Can't say as though I've ever went to a church that had anything resembling an excess of money, or was run in a way anything resembling a business. Also never had a pastor that lived in opulence in a huge house.
So...your turn.
Why would I Google what I already knew, on both accounts? One doesn't have to live in an area of any particular population density to understand what large churches do. Above all that, you made no reference to large, "rich" churches in your OP, just tax churches, period.
While we're at it, what else do you want taxed? I'm not happy having to pay the taxes I already do, so let's just pile on some more, right? That's sure to fix everything!
When you get to the absolute bottom of my wallet, would you at least give a tug on the rope, so I'll know when to hang myself with it, mmkay?[B)][}:)]
Want to stimulate some tax money? Start taxing CHURCHES! They have enough money, they don't need tax breaks! They are BUSINESSES!
Merc
IMHO, I think it is wrong to consider the churches monolithic and consider a tax them all approach. That is something liberal DEMOCRATS do.
Certainly there are large churches with tons of money, but there are many thousands of small independent churches throughout small town and rural America that have very little assets or moneyto use your term.
There are many pastors who have other job just to make ends meet and the money is just not there.
Guess who is going to pay the taxes. If you think the church, and or an institution is going to pay your wrong. It will be the congregation members or the people who go to church.