ways to cut the deficit - Page 2 - Snowboarding Forum

**Donutz** · 11-18-2010, 09:39 PM

Quote:

Originally Posted by Muki

...and outlaw the happy meal.

I, personally, want to live in the natino where weed is legal but a happy meal isn't.

So you'll have people going to speakeasies where they can get a clandestine burger and fries.

Shocktroop531 · 11-18-2010, 10:01 PM

Quote:

Originally Posted by justdust

Won't work. People who wind up doing well financially did not necessarily start out that way (i.e., millionaires) and have paid into SS along the way...nothing ridiculous about collecting from the system you paid into.

no. it is extremely ridiculous for financially well off people to collect a social security check. I don't care how much they've paid into it.

linvillegorge · 11-18-2010, 10:49 PM

Cutting out mortgage interest rate deduction would be beyond retarded. The housing market is still in the toilet. You take away those deductions and many people (like me) wouldn't even consider buying. It just wouldn't make financial sense.

Things I'd do:

1. legalize marijuana - you make money twice here; you stop throwing away all the money that we're spending to eradicate it and you pick up the tax revenue

2. develop exit plans for Irag and Afghanistan ASAP

3. Tax breaks for companies that create jobs. Yes, tax breaks. Getting more Americans working is another one that makes money twice. You get people off of unemployment and you pick up the income tax.

4. Stop the handouts to illegal immigrants.

5. Bump the retirement age. Yeah, it sucks, but Americans are living longer, it only makes sense that we should work longer.

Shocktroop531 · 11-18-2010, 10:57 PM

Quote:

Originally Posted by linvillegorge

5. Bump the retirement age. Yeah, it sucks, but Americans are living longer, it only makes sense that we should work longer.

that's actually not quite true. yes, the life expectancy has gone up . but that is mostly due to lower infant mortality rates. a man who is 65 years old today can expect to live about the same amount of time as a man who was 65 years old 30 or 40 years ago.

shifty00 · 11-18-2010, 11:10 PM

I say we just keep doing what we have been doing, pretend it doesn't exist. Problem solved...

Mysticfalcon · 11-19-2010, 06:46 AM

Quote:

Originally Posted by shifty00

I say we just keep doing what we have been doing, pretend it doesn't exist. Problem solved...

That is the new American way

**Donutz** · 11-19-2010, 09:54 AM

Quote:

Originally Posted by linvillegorge

Cutting out mortgage interest rate deduction would be beyond retarded.

Also, that's not as much a slam-dunk as you might think. In the US, ppl can write off their mortgage interest but have to pay taxes on the increased value of their house (is it when they sell it, or do they have to value it each year?). In Canada, we can't write off mortgage interest, but we don't have to pay taxes on the capital gains (primary residence only). So if you're going to yank the writeoffs, you're also going to have to remove the taxation on the capital gains.

**HoboMaster** · 11-19-2010, 10:33 AM

So basically in Canada you pay taxes on your original mortgage amount, not the counties percieved value of the house? Interesting.

cifex · 11-19-2010, 10:43 AM

Eliminate the 7.6% employee paid portion of FICA which is capped for earners above 105K.

Raise taxes 3% across the board.

cifex · 11-19-2010, 10:51 AM

Quote:

Originally Posted by HoboMaster

So basically in Canada you pay taxes on your original mortgage amount, not the counties percieved value of the house? Interesting.

It's like that in Florida as well.

11-18-2010, 11:10 PM	#15 (permalink)
shifty00 Senior Member Join Date: Oct 2010 Location: Pittsburgh, PA Posts: 233	I say we just keep doing what we have been doing, pretend it doesn't exist. Problem solved... __________________ You won't do it.

11-19-2010, 10:33 AM	#18 (permalink)
HoboMaster Senior Member Join Date: May 2010 Location: Sandpoint / Moscow, ID Posts: 2,301	So basically in Canada you pay taxes on your original mortgage amount, not the counties percieved value of the house? Interesting. __________________ PowderHound and TreeNinja

11-19-2010, 10:43 AM	#19 (permalink)
cifex -LIFETIME MEMBER- Join Date: Dec 2007 Location: New York Posts: 2,933	Eliminate the 7.6% employee paid portion of FICA which is capped for earners above 105K. Raise taxes 3% across the board. __________________

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11-18-2010, 10:49 PM	#13 (permalink)
linvillegorge Veteran Member Join Date: Jul 2009 Location: Evergreen, CO Posts: 4,499	Cutting out mortgage interest rate deduction would be beyond retarded. The housing market is still in the toilet. You take away those deductions and many people (like me) wouldn't even consider buying. It just wouldn't make financial sense. Things I'd do: 1. legalize marijuana - you make money twice here; you stop throwing away all the money that we're spending to eradicate it and you pick up the tax revenue 2. develop exit plans for Irag and Afghanistan ASAP 3. Tax breaks for companies that create jobs. Yes, tax breaks. Getting more Americans working is another one that makes money twice. You get people off of unemployment and you pick up the income tax. 4. Stop the handouts to illegal immigrants. 5. Bump the retirement age. Yeah, it sucks, but Americans are living longer, it only makes sense that we should work longer.