Originally posted by Ullr "$75,000 is still above average and more than enough to buy all the luxury goods one might need."
Not where I live (Massachusetts). If you've got just 1 or 2 sons or daughters planning on going to university $75,000 a year isn't going to cut it. Not even close.
Obviously financial disincentives should be absent in choosing an education.
Originally posted by KazetNagorra I favour tax credits based on the number of children in a family. If the US ever chooses to eradicate poverty birth rates will drop significantly and the population may start to shrink - you need to encourage the population to maintain a stable population.
LOL. You do realize that most of the population growth in the US comes from people that pay the least amount of taxes and immigration. In other words a tax credit based on number of children will do them little good.
Originally posted by sh76 Let's discuss a family of 5. How much money should they be able to make before you'd consider them able to buy all the luxury goods they'd need?
Still, almost 3/4 of American households make less than that. If that is not enough to get college education for, say, 2 kids then perhaps there's something wrong with the system.
Originally posted by sh76 Yes, sorry for not putting it under the "Edit" heading. It was such a short period of time that I didn't realize anyone would respond so quickly.
Originally posted by Palynka Still, almost 3/4 of American households make less than that. If that is not enough to get college education for your kids then perhaps there's something wrong with the system.
Yeah I would say there is something wrong with the system but taxing people that make $75,000 per year more than they already are won't help.
Originally posted by Ullr Yeah I would say there is something wrong with the system but taxing people that make $75,000 per year more than they already are won't help.
Taxation by itself solves nothing, it's what you do with it that MIGHT solve something.
Originally posted by Ullr LOL. You do realize that most of the population growth in the US comes from people that pay the least amount of taxes and immigration. In other words a tax credit based on number of children will do them little good.
What do you propose? Castration?
No no no. I'm just saying that if you get rid of poverty lower income households will start to get far fewer children and too low birth rates may become an issue.
Originally posted by Palynka Still, almost 3/4 of American households make less than that. If that is not enough to get college education for, say, 2 kids then perhaps there's something wrong with the system.
Pell grants and Stafford loans allow anyone who wants to to go to university. Sure they can't go to fancy private schools, but there are still plenty of options out there.
College is not the main point. Between mortgages, local taxes, food, utilities, transportation, etc., $75k is not a lot of money to raise a family, even forgetting about tuition.
I'm not saying you can't live on $75k. Obviously, you can. But these are not the people who are so "rich" that we need to increase their taxes.
Originally posted by Palynka Taxation by itself solves nothing, it's what you do with it that MIGHT solve something.
MIGHT is not good enough. I'm not okay with my taxes being raised so that my government can occupy another foreign country. This is the reality we are dealing with. At this point in time, the way to fix our federal government is not to give them access to more revenue.
Originally posted by sh76 Pell grants and Stafford loans allow anyone who wants to to go to university. Sure they can't go to fancy private schools, but there are still plenty of options out there.
College is not the main point. Between mortgages, local taxes, food, utilities, transportation, etc., $75k is not a lot of money to raise a family, even forgetting about tuition.
I'm no ...[text shortened]... u can. But these are not the people who are so "rich" that we need to increase their taxes.
The Budget Deal
01 Aug '11 16:17
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