2007-10-05 14:50:10 · 15 answers · asked by Chi Guy 5 in Politics & Government ➔ Politics
If a liberal complains in the woods and no one's around to hear, are they still annoying?
2007-10-05 14:56:28 · answer #1 · answered by null 6 · 2⤊ 3⤋
Assuming you're in the 28% tax bracket and get a 10% tax cut you'll be paying 25.2% in tax on your salary. If your salary is $1000 that's $748 left for you. If you spent every dime of the money left over you'd get to spend 70% of the $748, which is $523.60.
Now, are you ahead of what ? Be specific.
2007-10-05 22:14:16 · answer #2 · answered by Anonymous · 0⤊ 1⤋
Dollars value dropped thirty percent compared to what? a bag of groceries or compare to the yen?
2007-10-05 21:55:12 · answer #3 · answered by phillipk_1959 6 · 2⤊ 0⤋
for many... you wouldn't be...
and it's not good for the economy as a whole certainly...
there could be certain situations where it would be beneficial...
don't you love Republicans... they apparently want you to think it's a "good thing" the dollar is devalued? Either that or it "doesn't matter"...
and these guys are the ones that complain about people not know anything about economics?
2007-10-05 22:00:44 · answer #4 · answered by Anonymous · 2⤊ 0⤋
Of course you aren't.Americans are too fixated on taxes.A tax cut means nothing if the cost of living goes up more
2007-10-06 06:14:19 · answer #5 · answered by justgoodfolk 7 · 0⤊ 0⤋
Well, Republican politicians want to promise tax-cuts and that's what's got us into trouble. The solution to the value of the dollar is.... DEFICIT REDUCTION !!!!
2007-10-05 22:13:48 · answer #6 · answered by Fern O 5 · 1⤊ 1⤋
Way ahead, the value of the dollar against foreign currencies has to do with international trade,tarriffs, and import and export imbalances. You missed that Macro Econ class didn't you?
2007-10-05 22:00:31 · answer #7 · answered by booman17 7 · 0⤊ 3⤋
You ain't getting no 10% tax cut from Hillary cowboy - don't kid yourself. And Barry Obama isn't down with that either. Try a 20% tax increase.
2007-10-05 22:11:05 · answer #8 · answered by Anonymous · 0⤊ 3⤋
Try again. The U.S. dollar has gotten stronger to the Japanese Yen in the last year. Also, the exchange rate for U.S. dollar with the Chinese Yuan remains nearly the same.
And, if you buy only American products you wouldn't be worrying about the dollar falling.
2007-10-05 21:54:38 · answer #9 · answered by a bush family member 7 · 1⤊ 3⤋
You are if your money is invested in foreign currency, but if you are the majority of Americans with it in retirement and bank accounts, you are not.
2007-10-05 21:56:06 · answer #10 · answered by Boss H 7 · 0⤊ 0⤋
As opposed to getting no tax cut...of course you're ahead.
2007-10-05 21:56:27 · answer #11 · answered by Salsa Shark 4 · 0⤊ 3⤋