Details of Tax Cuts/Rebates
 

This article gives the details of the tax cuts and rebates under the stimulus bill passed by both the Senate and the House. Seems that more than 95% of Americans qualify for some sort of tax break or rebate.

If you are one of the few who do not qualify, consider yourself lucky as you are in the top elite of households and are probably in a situation that would make most others envious. :thumbup:


http://www.baltimoresun.com/business...,3631118.story

:thumbup:

Or you are being discriminated based on income. People making 200k or more are not less deserving of government bailouts than someone making less.

Term "bailout" comes from when the ship is sinking. Those making $200k or more do not have a sinking ship. Those who don't have money for food, health care, or are in danger of ending up homeless -- they are in need of a bailout. A bailout has nothing to do with who deserves what.

:iagree: . but those making $200K+ they want the fair share of the tax break so that they could do some mods on their x, like a new set of wheels or something.

There are plenty of 200K plus families that are already significantly impacted by cuts. Just go to your local shopping center and look at the businesses that are closing. These business owners have business loans they can no longer pay, employees they can no longer employ and houses they can no longer pay the mortgage on. They will be the ones that get nothing and will need the most, they are the people that will fall the farthest.

Opening a business and making 200K+ does not imply you live any better than someone making 50K. The 50K family is not paying to keep a business open or the taxes required to employ people.

When all the local businesses close and everyone can not receive the goods and services they need you can look back on who got the money and remember "A bailout has nothing to do with who deserves what." We wont be using neighborhood businesses because those business are closed because the owners had to large a tax return to justify some government support.

You don't have to explain small business to me. I own a small business. And I can tell you that if you made $200k last year, then either your business is doing AOK, or else you are milking the company by taking too high a salary.

As a business owner I can tell you that when the business has a lousy year, so do I and I don't make anywhere near that much money.

The $200k does not represent how much the business makes, but the personal earnings of the woner, which are two totally seperate things.

Correct. But in the US we punish the successful, seriously doubt I'm in the "top 5% in the US" as that BS 95% stat would have you belive. Someone here doesn't understand type s corps very well.