Since you're a tax guy allow me to float something by you that's been on my math challenged mind.
All these think tanks are coming up with figures that show people in the lower brackets will end up paying more taxes. However, if the majority of these people don't pay any taxes now and actually, in many cases, get a refund, then the so-called "increase in taxes" would not be an out-of-pocket expense, but instead would represent money not received in refunds for something that was never paid in the first place. Did you follow my thinking?
It's sounds like typical Washington double speak ie: we were going to spend 10 billion but instead we spent 8 billion so see, silly people, we "cut" or "saved" 2 billion.
I think the fact that Obama is now demonizing 999 speaks volumes.
True Virginia Ham
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In February 1820, a native Virginian then residing in Richmond wrote a
letter to a good friend in Princeton, New Jersey. One of his topics in the
missive w...
The Unbearable Whiteness of Being Outdoors
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We’ve got to stop ‘excluding’ everyone else!
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Renaissance.
15 hours ago
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1 comment:
Great cartoon.
About 999
Since you're a tax guy allow me to float something by you that's been on my math challenged mind.
All these think tanks are coming up with figures that show people in the lower brackets will end up paying more taxes. However, if the majority of these people don't pay any taxes now and actually, in many cases, get a refund, then the so-called "increase in taxes" would not be an out-of-pocket expense, but instead would represent money not received in refunds for something that was never paid in the first place. Did you follow my thinking?
It's sounds like typical Washington double speak ie: we were going to spend 10 billion but instead we spent 8 billion so see, silly people, we "cut" or "saved" 2 billion.
I think the fact that Obama is now demonizing 999 speaks volumes.
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