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Tiger Beer
Joined: 07 Feb 2003
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 Posted: Thu Feb 05, 2009 7:09 am Post subject: Senate OKs $15,000 tax break for homebuyers |
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http://www.usatoday.com/money/economy/housing/2009-02-04-taxbreak-homebuyers_N.htm?csp=34
I'm certainly not in favor of this. This basically means that taxpayers will be paying for $15,000 everytime someone buys a new house.
This also means that houses will be overinflated by $15,000 as home sellers and home owners will be adding this on to the price of their house. |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Thu Feb 05, 2009 7:19 am Post subject: |
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| How many Band-Aids are we going to put on this shotgun wound? |
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Kuros
Joined: 27 Apr 2004
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| Posted: Thu Feb 05, 2009 9:12 am Post subject: Re: Senate OKs $15,000 tax break for homebuyers |
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| Tiger Beer wrote: |
http://www.usatoday.com/money/economy/housing/2009-02-04-taxbreak-homebuyers_N.htm?csp=34
I'm certainly not in favor of this. This basically means that taxpayers will be paying for $15,000 everytime someone buys a new house.
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10% of the value of the house up to $15,000, but you're right, I don't think there'll be too many $100,000 houses.
This is a tax credit. That means in Soviet America, when you buy a house, the government pays you. |
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Joo Rip Gwa Rhhee
Joined: 25 May 2003
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| Posted: Thu Feb 05, 2009 9:13 am Post subject: |
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| Best idea just spend money on 60% Infrastructure & alternative energy and 40% as a cut on capital gains and business taxes. |
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Kuros
Joined: 27 Apr 2004
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| Posted: Thu Feb 05, 2009 9:34 am Post subject: |
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| Joo Rip Gwa Rhhee wrote: |
| 40% as a cut on capital gains and business taxes. |
Oh, Joo.
Can you explain to me who in this market has capital gains? And when you find that person, can you give him my email address so he can control all my (remaining) money?
Almost everyone has a capital loss. And this is why people in the financial community thought John McCain was an economic illiterate (besides the fact that he openly and honestly admitted he was). |
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Tiger Beer
Joined: 07 Feb 2003
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| Posted: Thu Feb 05, 2009 9:45 am Post subject: |
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| Joo Rip Gwa Rhhee wrote: |
| 40% as a cut on capital gains and business taxes. |
I'd say they need to shift healthcare costs and the insurance scam industry AWAY from employers.
The quicker employers are NOT legally required to cover inflated health insurance ripoffs...the quicker those employers can GET healthy.
Personally I'd rather have a system WITHOUT insurance and healthcare, than a incredibly messed up one which super-inflated prices for all citizens. Get rid of the system altogether, and normal uninsured might be able to afford something, PLUS the employers of America won't be footing the bill for all of the corruption going on with the entire sham. |
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Joo Rip Gwa Rhhee
Joined: 25 May 2003
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| Posted: Thu Feb 05, 2009 11:56 am Post subject: |
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| Kuros wrote: |
| Joo Rip Gwa Rhhee wrote: |
| 40% as a cut on capital gains and business taxes. |
Oh, Joo.
Can you explain to me who in this market has capital gains? And when you find that person, can you give him my email address so he can control all my (remaining) money?
Almost everyone has a capital loss. And this is why people in the financial community thought John McCain was an economic illiterate (besides the fact that he openly and honestly admitted he was). |
Someone must anyway with a capital gains tax cut more people will invest in the stockmarket |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Thu Feb 05, 2009 11:59 am Post subject: |
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| Joo Rip Gwa Rhhee wrote: |
| Kuros wrote: |
| Joo Rip Gwa Rhhee wrote: |
| 40% as a cut on capital gains and business taxes. |
Oh, Joo.
Can you explain to me who in this market has capital gains? And when you find that person, can you give him my email address so he can control all my (remaining) money?
Almost everyone has a capital loss. And this is why people in the financial community thought John McCain was an economic illiterate (besides the fact that he openly and honestly admitted he was). |
Someone must anyway with a capital gains tax cut more people will invest in the stockmarket |
I do not believe that common people should be investing in the stockmarket, though I agree with you about capital gains taxes (and with Kuros that the discussion of this now is not important). |
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Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
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| Posted: Thu Feb 05, 2009 12:16 pm Post subject: |
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Kuros
Joined: 27 Apr 2004
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| Posted: Thu Feb 05, 2009 1:25 pm Post subject: |
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http://en.wikipedia.org/wiki/Yakov_Smirnoff
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Russian reversal or "In Soviet Russia" is a type of joke originated by Arte Johnson[citation needed] on Rowan & Martin's Laugh-In, and popularized by Smirnoff, and is an example of antimetabole. The general form of the "In Soviet Russia" joke is that the subject and objects of a statement are reversed, and "In (Soviet) Russia", or something equivalent, is added. For example:
In America, you catch a cold.
In Russia, cold catches you!
In America, you can always find a party.
In Russia, The Party can always find you! |
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Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
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| Posted: Thu Feb 05, 2009 1:37 pm Post subject: |
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Cool! A new word for my vocabulary.
However, now that I have a word for something I didn't know existed, I'm even more frustrated because of the lack of a word for that dent in the upper lip that I know exists. |
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Hater Depot
Joined: 29 Mar 2005
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| Posted: Sun Feb 08, 2009 7:33 am Post subject: |
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http://www.prospect.org/csnc/blogs/ezraklein_archive?month=02&year=2009&base_name=stupid_senate_tricks#112737
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| Two rich brothers with smart accountants could purchase each other's homes and make $15,000 each. Two years later, they could sell the homes back to each other at the original prices. Oh, and the tax cut isn't refundable, meaning that if you don't have $15,000 in tax liability -- and most don't; the average American paid $9,377 in income taxes in 2004 -- you don't get the full value of the deduction. |
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RJjr
Joined: 17 Aug 2006
Location: Turning on a Lamp
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| Posted: Mon Feb 09, 2009 12:48 am Post subject: |
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It doesn't sound like a very good deal for homebuyers, since home prices will fall a whole lot more than 10%. And who buys a house these days anyway? Finding an empty foreclosed home and squatting in it is the in thing now. Homebuying is soooooo 2003.
| Kuros wrote: |
| Can you explain to me who in this market has capital gains? And when you find that person, can you give him my email address so he can control all my (remaining) money? |
Go to Manhattan, walk around until you find Reverend Sharpton on the sidewalk, enter that building, take the elevator to the penthouse.
http://uk.reuters.com/article/usPoliticsNews/idUKTRE51623C20090208 |
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