Re: OT - tax breaks are here

Feb 12, 2009 5 Replies


Anyone for a new home, car, or college education for your kids?


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> Q: What are some of the tax breaks in the bill?
> A: It includes Obama's signature "Making Work Pay" tax credit for 95
> percent of workers, though negotiators agreed to trim the credit to $400 a
> year instead of $500 - or $800 for married couples, cut from Obama's
> original proposal of $1,000. It would begin showing up in most workers'
> paychecks in June as an extra $13 a week in take-home pay, falling to
> about $8 a week next January.
>

Looks like he's a shrewd negotiator.


Were you OK with Bush's tax cuts?

The issue is tax cuts. Avoid it if you like. The issue is NOT who created the tax cuts. The issue is the tax cuts themselves.

I can use a new roof on my garage, (jsb has not paid his bills) that would put people to work. I also would like to add on another room to the house, that too will put people to work. I figure $100000 wouldn't be too greedy. That would give me a little left over for a nice trip to Florida for a couple of weeks. That too would employ some people.

With $100K I'd pay off my house and go semi-retired by age 40.

I actually feel sorry for the poor suckers.

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