Quote:
Originally posted by geep
According to the IRS the median AGI in Tax Year 2001 was $28,117. The Census Bureau lists the median income per household as $42,148 in 2000.
Handing out rebates gives a "one time" boost to the economy. Once the money is gone, so are the benefits. Investing the money in businesses or other growth-oriented ventures CONTINUOUSLY reinvests itself, creating real growth in terms of things like employment. Webster defines rebate like this
So it isn't really a rebate because they never made any fucking payment. Sorry to waste your time with FACTS.
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OMG, geep, I can't believe I keep getting caught up with you. I try to ignore you for the most part but then this shit happens.
Who never made any "payment"? The 40K is your figure; maybe you're arguing that middle class Americans don't pay taxes--I don't know what the hell you're trying to point out anymore and, frankly, I don't care because I haven't ever seen you contribute anything useful to a discussion with me and would rather you didn't even respond to my posts.
Right now the majority of the tax cuts are going to the wealthy in the hopes they will reinvest it. Obviously (to me, at least), the claim is that wealthy people pay more in taxes and deserve some relief. Furthermore, the _hope_ is that they will reinvest it.
I already described far, far above why returning that money does not ensure they will invest it domestically. Instead, I propose that the government should give small business and large corporations tax concessions if they
invest domestically rather than blanket cuts while
crossing our fingers and hoping they invest it domestically. This seems to be hard for you to fathom.
On a seperate issue I proposed that middle income wage earners' brackets should be reduced to invigorate spending. This isn't a rebate and it doesn't even relate to your ridiculous points about who is paying more or no taxes. Our economy needs a one-shot boost even if your analyses was correct--unless you weren't paying attention to what the Fed was doing and the reasons they stated they were lowering interest rates (HINT: a one-time boost to the economy to drive reinvestment).
So, yeah, you are wasting my time--not with facts, with riduculous points. So much for attempting to honor rogue's request.