Comparative Federal Tax Contribution by State

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saden1
02-13-2009, 10:37 AM
Pfff, if you have medical bills I'm inclined to understand your plight but the rest of the people in debt are in debt out of their own accord. People who want to be debt free will have no problem borrowing money to buy that gizmo and get right back into debt. I mean, you have billionaires with debt! Instant gratification is human nature. There's also levels of debt...auto, home, and credit cards. Home debt you can't really do much about, auto and cc you can.

KLHJ2
02-13-2009, 10:38 AM
You picked New Orleans as your example? Wow poor choice. That is a fine example of how the federal goverment waist money. If the money was just giving to the people we would have done a better job then all the waist that started withe federal goverment down to the cities in NO. So now you want to tear down the city bput it on some giant float and then rebuild the city on this floating island. I think Obama needs to up the stimulas to 6 billion to float that project.


The city is already destroyed. They can employ workers from outside the state as well. You would not need to float every square inch of land. Only Roads, buildings, houses, and utilities. Its a thought not a save all. What have you come up with Mr. Critic?

firstdown
02-13-2009, 10:42 AM
The city is already destroyed. They can employ workers from outside the state as well. You would not need to float every square inch of land. Only Roads, buildings, houses, and utilities. Its a thought not a save all. What have you come up with Mr. Critic?

How about have Obama sign the bill to allow off shore drilling which is safe and in our state would create 1,200 to 2,000 jobs and cost the goverment very little. Use the tax money raised off of the off shore drilling to fund reserch for alternative fuels.

Hey not a bad post for #6000

724Skinsfan
02-13-2009, 10:43 AM
As far as the overall econmy for the nation goes, New Orleans is one of the few places that's doing pretty good. (http://www.brookings.edu/reports/2009/01_new_orleans_index.aspx)

There were jobs needed, so entrepeneurs and skilled workers loaded up the truck and they headed to New Orleans.

KLHJ2
02-13-2009, 11:05 AM
I agree with the first part but I have not heard anyone saying that the current war pulled us into this current mess. My whole point is that this stimulas does not spend but about 10% into actual jobs like building roads and schools.

How much money are we spending per month in Iraq? That is money the Government is not spending here.

As with the second part I agree that more spending should be focused on actual jobs.

KLHJ2
02-13-2009, 11:11 AM
How about have Obama sign the bill to allow off shore drilling which is safe and in our state would create 1,200 to 2,000 jobs and cost the goverment very little. Use the tax money raised off of the off shore drilling to fund reserch for alternative fuels.

Hey not a bad post for #6000

That can also be part of the solution, I agree, but it is not a save all. But if all of these ideas get put into practice then they will combine to be the save all.

The problem is that the majority just say "That will not be enough" and decide not to do it at all. So we are stuck in neutral trying to move up a hill with our thumbs up our asses. In the end we need to do something. Let's get it started! We may not absolutely see eye to eye on all ideas, but hell lets put some things in action.

firstdown
02-13-2009, 11:49 AM
That can also be part of the solution, I agree, but it is not a save all. But if all of these ideas get put into practice then they will combine to be the save all.

The problem is that the majority just say "That will not be enough" and decide not to do it at all. So we are stuck in neutral trying to move up a hill with our thumbs up our asses. In the end we need to do something. Let's get it started! We may not absolutely see eye to eye on all ideas, but hell lets put some things in action.
Sorry but I do not think that passing a bill that spends 800 trillion dollars that by the presidents own words saves 4,000 jobs is worth the investment. I have said all along lets not just rush a bill through to say something was done but lets take our time and try to get the best bill through. I don't care which party has the right solution but rather they come up with a better plan. I'm not talking 6 to 12 months but a month or so to really think this through. The money going to Iraq is spent and there is nothing that we can do about that now so there is no need to have that argument again. The money that is getting spent on Iraq is creating jobs here and we also have people over there working but I agree it would be better if it was all spent here.

Schneed10
02-13-2009, 01:07 PM
So the people who sit back and do nothing get my/our money to spend as they want while we support them even more. You say we will get a tax credit but I have not read anything explaining who will receive this tax credit.

Like I said, whether you think that's fair or not isn't the issue. The fact remains, the poor people will spend the money right away, helping companies increase earnings, thereby creating more jobs.

As for the tax breaks, each worker will get a $400 credit, each adult non-worker will get a $250 credit, and there is relief from the dreaded Alternative Minimum Tax. Among other things. Here:

Stimulus measures that may help your wallet - Feb. 13, 2009 (http://money.cnn.com/2009/02/13/news/economy/stimulus_individuals/index.htm?postversion=2009021312)


Making Work Pay Credit: The bill provides a $400 credit per worker and a $800 credit per dual-earner couple. The full credit would be paid to people making $75,000 or less ($150,000 per dual-earner couple). A partial credit would be paid to those making above those amounts but no more than $100,000 ($200,000 for couples).
The credit would also be refundable, which means that even very low-income families who don't make enough to owe income tax would be able to claim it.
For most working individuals, the credit will be paid over time at roughly $15 per period, assuming 26 pay periods in a year. Estimated cost: $116 billion.

One-time payments to those who don't work: For retirees, disabled individuals and others who don't work, the bill provides a one-time $250 payment. Estimated cost: $14.2 billion.
Break for higher income families: The bill includes a one-year provision to protect middle- and upper-middle-income families from having to pay the Alternative Minimum Tax. The AMT was intended primarily for high-income taxpayers but has in recent years threatened to engulf those lower down the income scale. Estimated cost: $70 billion.

724Skinsfan
02-13-2009, 01:15 PM
For most working individuals, the credit will be paid over time at roughly $15 per period, assuming 26 pay periods in a year. Estimated cost: $116 billion.

Whoo-hoo! It's like getting a free super-sized Big Mac extra value meal every week for one whole year! I'm so stimulated a cat couldn't scratch it.

firstdown
02-13-2009, 01:22 PM
Ok, so people are going to get $15 bucks to buy what? That money will get worked right in with all their other bills and not sure how much will go to buying any thing of substance. I guess I could go to Wal Mart and pick up some Made In China fishing equipment and take my $15 to the minimum wage cashier. Now thats stimulas.

Maybe I could hire some illegal to come cut my grass once a month.LOL

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