Quote:
Originally Posted by GregWeld
Oh - I think it will have major consequences... and that's the problem with messing with the tax code - people can't plan and can't invest not knowing what is going to be next year or the year after.
Congress ends up doing what is POLITICALLY CORRECT at any given time.... rather than doing what is the RIGHT thing for all time. They are a collective group of useless morons. Sadly we voted for them.
So politically I would EXPECT them to vote for higher taxes -- and what that does is once again - affect the people that don't understand what's going on - the most. In their effort to ever spend MORE AND MORE of your money - they'll grab every last dollar they can see or get their hands on. And when they do that - the PEOPLE are smarter - and they just move in a different direction. Like the 10% "luxury tax" the idiots put on boats and cars and furs a few years back --- the only people that hurt was the boat builders and the people that worked there. Congress is reactive not proactive. They never get it right.
However - I will come back to what I've always said about taxes.... they only take a percentage so I'm happiest when I have to pay - because that means I've made money. End of story. I'd prefer to pay them the maximum over the minimum. To think of it any other way - is just wrong headed.
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those damned unintended consequences coming back to haunt 'ya.
Thanks Greg, appreciate the input.