ways to cut the deficit - Page 2 - Snowboarding Forum - Snowboard Enthusiast Forums
 
 
LinkBack Thread Tools Display Modes
Old 11-18-2010, 10:39 PM   #11 (permalink)
Drunk with power...er beer.
 
Donutz's Avatar
 
Join Date: May 2010
Location: Vancouver, BC, Canada
Posts: 4,716
Blog Entries: 225
Default

Quote:
Originally Posted by Muki View Post
...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.
__________________

INNUENDO:
Italian enema.
Donutz is offline  
Old 11-18-2010, 11:01 PM   #12 (permalink)
Veteran Member
 
Shocktroop531's Avatar
 
Join Date: Aug 2010
Location: park city , Utah
Posts: 500
Default

Quote:
Originally Posted by justdust View Post
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.
Shocktroop531 is offline  
Old 11-18-2010, 11:49 PM   #13 (permalink)
Veteran Member
 
linvillegorge's Avatar
 
Join Date: Jul 2009
Location: Evergreen, CO
Posts: 7,047
Default

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.
linvillegorge is offline  
Old 11-18-2010, 11:57 PM   #14 (permalink)
Veteran Member
 
Shocktroop531's Avatar
 
Join Date: Aug 2010
Location: park city , Utah
Posts: 500
Default

Quote:
Originally Posted by linvillegorge View Post


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.
Shocktroop531 is offline  
Old 11-19-2010, 12:10 AM   #15 (permalink)
Senior Member
 
shifty00's Avatar
 
Join Date: Oct 2010
Location: Pittsburgh, PA
Posts: 233
Default

I say we just keep doing what we have been doing, pretend it doesn't exist. Problem solved...
__________________
You won't do it.
shifty00 is offline  
Old 11-19-2010, 07:46 AM   #16 (permalink)
lost in the ugly trees
 
Mysticfalcon's Avatar
 
Join Date: Nov 2007
Location: Jay Peak
Posts: 2,353
Default

Quote:
Originally Posted by shifty00 View Post
I say we just keep doing what we have been doing, pretend it doesn't exist. Problem solved...
That is the new American way
Mysticfalcon is offline  
Old 11-19-2010, 10:54 AM   #17 (permalink)
Drunk with power...er beer.
 
Donutz's Avatar
 
Join Date: May 2010
Location: Vancouver, BC, Canada
Posts: 4,716
Blog Entries: 225
Default

Quote:
Originally Posted by linvillegorge View Post
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.
__________________

INNUENDO:
Italian enema.
Donutz is offline  
Old 11-19-2010, 11:33 AM   #18 (permalink)
Senior Member
 
HoboMaster's Avatar
 
Join Date: May 2010
Location: Vancouver, WA
Posts: 2,314
Default

So basically in Canada you pay taxes on your original mortgage amount, not the counties percieved value of the house? Interesting.
__________________
PowderHound and TreeNinja
HoboMaster is offline  
Old 11-19-2010, 11:43 AM   #19 (permalink)
-LIFETIME MEMBER-
 
baldylox's Avatar
 
Join Date: Dec 2007
Location: New York
Posts: 3,114
Default

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

Raise taxes 3% across the board.
__________________
baldylox is offline  
Old 11-19-2010, 11:51 AM   #20 (permalink)
-LIFETIME MEMBER-
 
baldylox's Avatar
 
Join Date: Dec 2007
Location: New York
Posts: 3,114
Default

Quote:
Originally Posted by HoboMaster View Post
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.
__________________
baldylox is offline  
 

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 10:11 PM.



Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Content Relevant URLs by vBSEO 3.6.0 PL2
VerticalSports
Baseball Forum Golf Forum Boxing Forum Snowmobile Forum
Basketball Forum Soccer Forum MMA Forum PWC Forum
Football Forum Cricket Forum Wrestling Forum ATV Forum
Hockey Forum Volleyball Forum Paintball Forum Snowboarding Forum
Tennis Forum Rugby Forums Lacrosse Forum Skiing Forums