RE: Fiscal Cliff For Dummies (Full Version)

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tazzygirl -> RE: Fiscal Cliff For Dummies (1/2/2013 5:27:41 PM)

quote:

Nowhere in this thread did I say any of that, so I'm not sure who mislead you.


quote:

Come on, Tazzy. You're better at math than that. I'm sure you are or have been employed, so you filled out a W-2, where you claimed 'x' number of exemptions. Those exemptions are used to determine your withholding. Raise your claimed exemptions, and government doesn't get to use that money free of charge. Yes, you'll have a smaller refund, or might actually have to pay taxes, but you'd have your money to use as you see fit, provided you put enough aside to "pay the piper." If you are shrewd, you could add one exemption per year until your refund or tax was as small as possible.


You did write that, yes?

quote:

He usually is. Just wish I could follow his recommendations. But, it's a new year and a new attempt at it.


Middle class isnt poverty level.




Marini -> RE: Fiscal Cliff For Dummies (1/2/2013 6:52:25 PM)

quote:

Middle class isnt poverty level.


tazzy, it's not poverty, but lower middle class these days, is DAMN close.
[8|]

It's a hell of a lot closer, than most of us in the lower middle class want it to be.

NYT calls us the "near poor", lol.
I like that term.

The poor, the near poor, and you




DesideriScuri -> RE: Fiscal Cliff For Dummies (1/3/2013 5:30:58 AM)

quote:

ORIGINAL: tazzygirl
quote:

Nowhere in this thread did I say any of that, so I'm not sure who mislead you.

quote:

Come on, Tazzy. You're better at math than that. I'm sure you are or have been employed, so you filled out a W-2, where you claimed 'x' number of exemptions. Those exemptions are used to determine your withholding. Raise your claimed exemptions, and government doesn't get to use that money free of charge. Yes, you'll have a smaller refund, or might actually have to pay taxes, but you'd have your money to use as you see fit, provided you put enough aside to "pay the piper." If you are shrewd, you could add one exemption per year until your refund or tax was as small as possible.

You did write that, yes?


Yes, I did. I suppose you misinterpreted what I stated. Here's what I meant: If you raise your exemptions high enough, you'll not pay any tax into the system and when you file you'll owe taxes, instead of getting a refund.

I can see where the mix up occurred. I wasn't completely clear, and you misinterpreted what I wrote.

quote:

quote:

He usually is. Just wish I could follow his recommendations. But, it's a new year and a new attempt at it.

Middle class isnt poverty level.


And, your point is....? I wasn't talking about anyone but myself and my failed attempts to follow Dave Ramsey's recommendations.




mnottertail -> RE: Fiscal Cliff For Dummies (1/3/2013 7:08:03 AM)

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: mnottertail
Adam Smith has been misread by any 'conservative' that ever read him.
Since he was the big cheese customs man for England during the revolutionary war era, perhaps you can pencil it out for yourself with that information, he didn't play these  bullshit percentage games in order to deflect from realities, he was well aware of the divisions that naturally exist in the classes.
Some folks are born, silver spoon in hand,
Ohhhhh, they send you down to war,
and when you ask them, "How much should we give"
Ohhhhhh, they only answer, "More, more, more."
He was fairly satisfied that the pittance in taxes paid by the poor was offset by the fact that those were the ones called on to go to war, and the rich could buy their way out, or get the plum puddn.


Not surprisingly, you didn't answer any of my questions. And, if your last sentence is accurate, how's that correlate today? "The Poor" aren't necessarily the ones sent into war. Since the draft was ended, they couldn't be forced to go, either.




Not surprisingly, you have no fact but only obfuscating questions that are designed to derail.

You didn't ask me a question, first of all, I commented of my own volition and werewithal, and pretty much said that it wasn't something that was germain as far as I was concerned nor was it something I was going to comment on.

"Since the draft ended"...........lol
  
"The law, in its majestic equality, forbids the rich as well as the poor to sleep under bridges, to beg in the streets, and to steal bread." 
give that one a think while you are cyphering the laffer curve data points see if it might give you a clue here.




tazzygirl -> RE: Fiscal Cliff For Dummies (1/3/2013 7:33:05 AM)

quote:

Yes, I did. I suppose you misinterpreted what I stated. Here's what I meant: If you raise your exemptions high enough, you'll not pay any tax into the system and when you file you'll owe taxes, instead of getting a refund.

I can see where the mix up occurred. I wasn't completely clear, and you misinterpreted what I wrote.


I think you misunderstood what I wrote. Most of the 50% would rather get it back in one lump sum instead of dribbles, drabs and wet stones,

quote:

And, your point is....? I wasn't talking about anyone but myself and my failed attempts to follow Dave Ramsey's recommendations.


quote:

Dave Ramsey calls paying more than you could if you made easy changes, a "stupid tax."


For someone who is poor, they dont think that way. And what would Dave boy know about that? On paper, he may be right. In reality, I can do a lot more with a 1200 at one clip than 100 a month.




cloudboy -> RE: Fiscal Cliff For Dummies (1/3/2013 10:13:26 AM)

You cannot properly analogize a national economy to a household, because if a household cuts spending it does not trigger a recession and declining income (tax revenues.)

The cure for the the situation is growth -- with policies that boost the middle class and consumer demand, by opening up immigration regulations to energize the workforce, consumer demand, etc. and by growing the overall economy so that tax revenues increase.

Reforms to entitlements and streamlining military spending would help.

The BUSH tax cuts have been a disaster b/c they ballooned up our debt, created income and wealth disparity without growth, and long term negatively affected consumer demand in the USA -- a main driver of our recession.




mnottertail -> RE: Fiscal Cliff For Dummies (1/3/2013 11:03:59 AM)

Well besides which you couldn't call it all credit card debt, roads, bridges, buildings and so on would be under mortgages at the very least.

Iraq would be credit card debt. 




Aswad -> RE: Fiscal Cliff For Dummies (1/3/2013 11:52:48 AM)

quote:

ORIGINAL: tazzygirl

Middle class isnt poverty level.


Care to define middle class in this context?

A single teacher, fresh out of school, would make about $72.000/yr without overtime where I live.

Going by former colleagues, if I went back to software development, I might make about $130.000/yr without overtime.

The median household income in the USA is about $45.000/yr or so, which is at the poverty line for a household in Norway (indeed, it's deeply troubling that almost 20% of the population has to live on so little), but I've heard the middle class proper being defined as the $100.000/yr household income bracket for the USA, so it seems the middle class isn't really in the middle, so to speak?

IWYW,
— Aswad.




DesideriScuri -> RE: Fiscal Cliff For Dummies (1/3/2013 1:35:59 PM)

quote:

ORIGINAL: mnottertail
quote:

ORIGINAL: DesideriScuri
quote:

ORIGINAL: mnottertail
Adam Smith has been misread by any 'conservative' that ever read him.
Since he was the big cheese customs man for England during the revolutionary war era, perhaps you can pencil it out for yourself with that information, he didn't play these  bullshit percentage games in order to deflect from realities, he was well aware of the divisions that naturally exist in the classes.
Some folks are born, silver spoon in hand,
Ohhhhh, they send you down to war,
and when you ask them, "How much should we give"
Ohhhhhh, they only answer, "More, more, more."
He was fairly satisfied that the pittance in taxes paid by the poor was offset by the fact that those were the ones called on to go to war, and the rich could buy their way out, or get the plum puddn.

Not surprisingly, you didn't answer any of my questions. And, if your last sentence is accurate, how's that correlate today? "The Poor" aren't necessarily the ones sent into war. Since the draft was ended, they couldn't be forced to go, either.

Not surprisingly, you have no fact but only obfuscating questions that are designed to derail.
You didn't ask me a question, first of all, I commented of my own volition and werewithal, and pretty much said that it wasn't something that was germain as far as I was concerned nor was it something I was going to comment on.
"Since the draft ended"...........lol
"The law, in its majestic equality, forbids the rich as well as the poor to sleep under bridges, to beg in the streets, and to steal bread." 
give that one a think while you are cyphering the laffer curve data points see if it might give you a clue here.


My apologies. You were correct in that I hadn't asked you any questions. My questions were a response to Owner59. Again, I do apologize for my error.




DesideriScuri -> RE: Fiscal Cliff For Dummies (1/3/2013 1:40:14 PM)

quote:

ORIGINAL: tazzygirl
quote:

Yes, I did. I suppose you misinterpreted what I stated. Here's what I meant: If you raise your exemptions high enough, you'll not pay any tax into the system and when you file you'll owe taxes, instead of getting a refund.
I can see where the mix up occurred. I wasn't completely clear, and you misinterpreted what I wrote.

I think you misunderstood what I wrote. Most of the 50% would rather get it back in one lump sum instead of dribbles, drabs and wet stones,
quote:

And, your point is....? I wasn't talking about anyone but myself and my failed attempts to follow Dave Ramsey's recommendations.

quote:

Dave Ramsey calls paying more than you could if you made easy changes, a "stupid tax."

For someone who is poor, they dont think that way. And what would Dave boy know about that? On paper, he may be right. In reality, I can do a lot more with a 1200 at one clip than 100 a month.


Dave Ramsey's "stupid tax" comment wasn't aimed at people allowing Government to use their money interest free, specifically.

$1200 in hand is nice, but what would have been done with the $100/month? Had they socked $100/month in a savings account, it would have grown incredibly to probably close to $1200.25 in 12 months. [:D] However, if they spent an extra $100/mo. on paying down their debt, or on a mortgage, how much interest would it have saved them?




mnottertail -> RE: Fiscal Cliff For Dummies (1/3/2013 2:05:26 PM)

DS.  Fair enough, lets move on.  Cool? 




MrRodgers -> RE: Fiscal Cliff For Dummies (1/3/2013 2:14:14 PM)

quote:

ORIGINAL: mnottertail

I am in agreement, there will have to be some reform in entitlements, but we could lop a shitload off the military, and I think that we could also get alot of money in reform of corporate welfare, and going to single payer universal and have the government wholesale buy and resell our medications as most civilized countries do, there are many economies of scale that we have ignored to our detriment as a nation.

I agree and have felt the same but I think we would both be dreaming. I do not foresee and real significant cuts coming this year at all. Far too many actually love federal spending particularly...on them

As for real cuts in corporate welfare, I am not hopeful, good money has paid for that. Amazing too when even the CATO Institute has it at least another $1 trillion over 10 years.




mnottertail -> RE: Fiscal Cliff For Dummies (1/3/2013 2:16:43 PM)

Laying under the table and dreaming..........

Yes, it is pure pipedream, but that is what is needed.

We will get there after bankruptcy.




DesideriScuri -> RE: Fiscal Cliff For Dummies (1/3/2013 6:48:29 PM)

quote:

ORIGINAL: mnottertail
DS.  Fair enough, lets move on.  Cool? 


As long as you are satisfied with my apology, then I'm moving on.




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