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What will happen to your taxes under Kucinich?

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greyowl Donating Member (53 posts) Send PM | Profile | Ignore Sat Dec-13-03 03:37 PM
Original message
What will happen to your taxes under Kucinich?
What will happen to your taxes under Kucinich? For most people, they will go down. The details are found in a bill he introduced in Congress on December 8, 2003. The bill provides a refundable $1,530 Payroll Tax Credit for people who work. This tax credit is simple, targeted to relieve a high tax burden, provides a stimulus effect, and encourages work. The bill also provides a refundable $2,000 Simplified Family Credit. This simplifies the tax code by consolidating the EITC, Child Tax Credit, Additional Child Credit, and exemption for children into one Simplified Family Credit. This tax credit will provide greater transparency, extra work incentives, and a stimulus effect.

http://www.kucinich.us/taxes_under_kucinich.php

For specific charts and such showing Dennis's plan.
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Tinoire Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-03 04:19 PM
Response to Original message
1. Interesting... As odd as it may sound
taxes are the least of my concerns because it's clear to me that under Kucinich our taxes would most probably go down but, more importantly, we'd finally get something for them! European-style :)


It's good to have these figures! Thanks
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GreenPartyVoter Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-03 04:27 PM
Response to Original message
2. Not worried about Kucinich style taxes
Edited on Sat Dec-13-03 04:51 PM by GreenPartyVoter
because, as already mentioned, we'd get something for them. But also, Dennis plans to do some budget reorganizing (DOD cuts etc)

I definitely would not expect my taxes to go up. But I would expect to hear a lot of outrage from fearful people when they find out a whopping 10 or 15% has been transferred out of the pentagon's budget.
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ayeshahaqqiqa Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-03 04:43 PM
Response to Original message
3. What I like best is the simplicity
Tax laws tend to get more complex. Glad to see some simplicity is being put into a bill.
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neebob Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-03 04:46 PM
Response to Original message
4. I don't care
I want a president who will spend money on peaceful, socially responsible things.
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zulchzulu Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-03 04:47 PM
Response to Original message
5. That's like asking what will happen if the Earth was declared flat
It's an impossibility so why even waste pixels talking about it.
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reknewcomer Donating Member (278 posts) Send PM | Profile | Ignore Sat Dec-13-03 04:50 PM
Response to Original message
6. Mine would go up more than $500
Tell me again why I need to vote for a reduction in income.
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GreenPartyVoter Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-03 04:53 PM
Response to Reply #6
8. Odds are you would save money in the long run
If you have health insurance now, once Dennis sets up a universal healthcare system you'd cross your current premiums off of your budget list.
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Virgil Donating Member (410 posts) Send PM | Profile | Ignore Sat Dec-13-03 05:03 PM
Response to Reply #6
9. How about thinking about spending
Bu$h may have cut taxes but he increased spending. Borrow and spend will not be a Kucinich plan. I hate taxes too but dam, it is the spending that causes taxes in the first place.
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koopie57 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-03 05:03 PM
Response to Reply #6
10. Even if mine went up $500 I would still be better off
cuz I would save that just on getting my kids to school. This year they have to walk if they live less than 2 miles from school or we need to pay for the bus. Band and other extracurricular activities are easily 300 more than in previous years. State and local taxes have gone up to compensate for the Bush's tax cut. Quite frankly, I can't afford any more tax cuts.
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BackDoorMan Donating Member (412 posts) Send PM | Profile | Ignore Sat Dec-13-03 04:50 PM
Response to Original message
7. IT WILL BE GREAT!---The RICH will be taxed more fairly and take away
Edited on Sat Dec-13-03 05:06 PM by BackDoorMan
the rich's tax cuts under Bush, and their off-shore accounts should be taxed and stop the wealthy's subsidies and tax give-aways...

It will be great to have the rich and their corporations pay their fair share, which will bring in hundreds of billions of dollars in revenue for education, preserving our environment, social security and other community needed and productive programs cut by Bush, almost out of existence...

As those much needed programs were flourishing under President Clinton...until the asshole Bush's cuts (and he is still cutting) taxes for the rich and their corporations, as well as adding loopholes for the rich.

Yes, then we can go back to the wonderful democratic economy produced by the democrats...of those great, eight Clinton years...of PEACE & Prosperity.

Are you doing better than your were four years ago? Of coure not.

A republican is in office!!!
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Zomby Woof Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-03 09:43 PM
Response to Original message
11. Welcome to DU greyowl!
You also might want to post your thread in the Politics and Campaigns Forum, where it will get more first page exposure. :-)
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