See You Down The Road

After many years serving the classic car community, Wisconsin Collector Car will be shutting down at the end of 2024. Thank you for all of the car show memories!

Welcome Forum The Lounge Possible Tax Cut

  • Creator
    Topic
  • #3728
    GTO Man
    Moderator

    Sounds like Bush and his buddies are thinking about a possible tax cut. Do you think it is a good idea considering there isn’t enough money to pay for what is going on now? If they do cut some taxes how much should they cut?

Viewing 8 replies - 1 through 8 (of 8 total)
  • Author
    Replies
  • #31501
    Garibaldi
    Keymaster

    Our national debt is at an all time high, we can’t keep over-extending ourselves more and more

    #31502
    GTO Man
    Moderator

    It looks like for a stimulus package they may be giving rebate checks to taxpayers and lowering corporate income taxes. I think they should put a limit on CEO salaries and executive bonuses. That way when they screw their shareholders they won’t be rewarded so handsomely.

    #31503
    circletrack
    Participant

    I 100% agree that if you start taking away at the top, the little people on the bottom might be better off. Many of the companies I’ve worked for in the past have given bonuses to executives and such that are more than my salary!? The work gets done at the lower end of the ladder, but those people suffer the most.

    Don’t get me wrong, I’d love to have extra $$$ in my pocket, but we’re so stretched out now I don’t know if the economy can handle more. I’m curious how the next President will do, it can’t get much worse! crybaby2.gif

    #31504
    jonmandude
    Participant

    Nail on the head. The AVERAGE CEO salary in this country is over $18M. EIGHTEEN MILLION DOLLARS!!!??? Yet the average income is less than $30K. That is a huge problem.

    I am for a trickle down theory…with rules.

    Here is my idea;

    No CEO can make more than $300K/year until EVERYONE in the company makes over $50K/Year. Can’t make over $400K until everyone makes over $75K. Can’t make over $500K until all make $100K and so on and so on.

    The money has to start to get beyond the top 1%. A CEO making multi millions while his employees are struggling to make ends meet is absolutely mad.

    I know it is an idea along the lines of socialism but…

    #31505
    Garibaldi
    Keymaster
    Quote:
    No CEO can make more than $300K/year until EVERYONE in the company makes over $50K/Year. Can’t make over $400K until everyone makes over $75K. Can’t make over $500K until all make $100K and so on and so on.

    That’s a good way of looking at it. Just make it so that the employees cannot make less than a certain percentage of the CEO’s salary.

    #31506
    Anonymous
    Inactive

    We got a 1% tax reduction as of the new year up here in Canada. What they should cut though is how much you pay for your income.

    #31507
    GTO Man
    Moderator

    Looks like they are going to give $600 to single taxpayers making under $75k and $1200 to couples. They may be giving $300 for each child also.

    Do you think this is going to have much impact? I see the democrats are trying to add some things to it. Can those idiots ever do anything without trying to piggyback something in with it.

    #31508
    moparkid25
    Participant
    Quote:
    Looks like they are going to give $600 to single taxpayers making under $75k and $1200 to couples. They may be giving $300 for each child also.

    Do you think this is going to have much impact? I see the democrats are trying to add some things to it. Can those idiots ever do anything without trying to piggyback something in with it.

    The answer is No. If the left can get there claws into something, and squeak what they want by, then they think they can take credit for the entire ordeal.

    Me, on the other hand, I’ll take $600 thumbsup.gif

    icon_headbang.gif

Viewing 8 replies - 1 through 8 (of 8 total)
  • You must be logged in to reply to this topic.