On Sun, 24 Jul 2011 13:30:48 -0600, Canuck57
wrote:

On 24/07/2011 10:07 AM, North Star wrote:
On Jul 24, 10:24 am, John wrote:
On Jul 23, 11:01 pm, North wrote:





On Jul 23, 8:45 pm, John wrote:

http://tinyurl.com/3r5l8ur

I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed.
Hell, I had that in my 21' Proline.

If they want to do away with a second home mortgage interest deduction, then do it for *all* second
homes.

Why do they pick only on boat owners?

What the 'ell are you whining about??
We don't get a mortgage interest deduction on our income taxes for our
principal home.. let alone cottages or boats.
No wonder the USA is in such deep debt.... no one wants to pay their
fair share of taxes.

Donnie, how do you define 'fair share'. Remember, we have about 47% of
our population who pay *no* federal income taxes.- Hide quoted text -

- Show quoted text -

I would say that anyone earning above the 'poverty level', as defined
by the gov't, should start paying taxes. even if at a minimal rate.

That is where it is headed. Milking some few rich for millions hardly
compares to miking the majority of people for 10's of thousands. The
later is much more lucrative. If it is true, 47% don't pay taxes, well,
there is part of the huge problem. Want big fat government, well, they
too need to pay.

But tax increases are not really the answer. You could literally double
everyones income taxes and Obama still be broke. Fewer people working,
those that are making less, fewer billionaires, businesses making less
money as we have fraud low interest rates makes for a huge revenue
shortfall.

Only way out:

- more taxes for everyone. Remove mortgage deductibility and loop holes.

- massive deep cuts in spending, including the war machine.

- simple administrative efficiencies. Michelle does not need 50+ hand
maids.

- raise interest rates to set business earnings needs higher for more
taxes, and interest on lending is a revenue source currently dry as a bone.

- tighter credit, no money down is no loan. Less liberalism in debt.

But will not happen, America worships debt like a false god.

You and morons like you are the problem.