riverman wrote:
"Calif Bill" wrote in message
ink.net...

"riverman" wrote in message
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riverman wrote:
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riverman wrote:

"JoeSpareBedroom" wrote in message
"riverman" wrote in message

"JoeSpareBedroom" wrote in message
"Fred Lebow" wrote in message

Meanwhile, back at nursery school, President Nookular will be
talking
about tax cuts again soon.

"Fred Lebow" wrote in message

Do you think that a lot of this $$ is going into a lot of
politicians
pockets - esp Bush and Cheney?

Fred


Directly....possibly.
Indirectly......absolutely.

Wow, for a dimwit that's pretty tricky. Funnelling money to his own
pocket by giving out tax cuts. You guys crack me up.


Anyway, genius. The 'directly' part is easy to understand....they pay
taxes,
a tax cut benefits them. Unless, of course, they have their money
sheltered
in a way that the tax cuts don't affect them, which I assume is
possible,
but I doubt it.

Yep, the tax savings on that presidential salary must really
be worth it. I hear that huge salary is why they all go
into it. It's a lot more than they could make in the
private world.
- Ken

God, how I wish Bush would realize that and get the f**k out of
Washington.


Actually, although I don't believe it was his personal motivation, Bush
got a tremendous benefit from the new tax law. In 2003, his income was
$727,082 and he paid $227,490 in federal taxes. In 2005, his income was
$735,180 (an increase of $8098) but his tax liability was down to
$187,768 (a savings of almost $40,000).

I don't know how the new tax law affected you, but I bet you didn't save
$40K.

--riverman




so you are bitter, as you now had to pay taxes on your earnings just like
the rest of America that lives in the country. Oops, you still get an
exemption for some part of the money earned?

NO, I still get an exemption. But I don't get itemized ememptions, nor can I
invest in IRAs or ROTHs, nor can I deduct for expenses like people who live
and file in the US. Nor would I have to pay the same taxes if I earned
exactly the same amount of money and had the exact same benefits package,
but I lived in almost any other country. The current Expat tax package was
passed in a surreptitious and backdoor manner, in the 12th hour, buy a
secret attachment behind closed doors that never was exposed to the light of
open debate and discourse.

But thats not what we're talking about, and believe it or not, I don't
really care about how it affects me personally. We're talking about Bush's
tax cut package, and who benefits from it. Tell me, how did YOU fare? Did
you save $40K? $20K? $10k? Even $1K? Because if you didn't benefit from it,
then I need to hear why you think its a good idea.

Unlike some, I don't have to benefit from a policy to understand that
it is a good policy.

Anyone who discusses taxes in dollar amounts rather than in percentages
is either abysmally ignorant or attempting to lie.

cheers

oz, who, like JFK and RWR, understands (and is currently witnessing)
that decreasing tax rates results in increased tax revenues. It is the
SPENDING that is the problem.