E46Fanatics - View Single Post - Obama: Duh, we need more taxes
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Old 02-04-2013, 09:00 AM   #6
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Join Date: Dec 2007
Location: Saint Louis, MO
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Simplifying the tax code and closing loopholes sounds ok to me but it would depend on what they were. It shouldn't come as a shock to anyone that revenue needs to go up and spending needs to go down, but the revenue part could be done two ways......as the economy improves tax receipts will naturally go up, or tax rates could go up (closing loopholes, limiting deductions, raising rates, etc.).

Originally Posted by bimer21 View Post
Yeah that sucks down here in FL they start already this year and we are getting less back! I make this year around 18k and I'm full time student work full time and live only with mom! They are giving me back 500$ that sucks! Because of the high taxes
I would be surprised if you are actually paying taxes after it's all said and done, Federally speaking. FL, too, since it's an income tax free state.

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2011 BMW 335d, 2011 BMW 135i, 2006 Mazdaspeed 6 GT, 2000 BMW 323ci, 2003 Evolution VIII, 1995 Nissan 240sx w/ SR20DET

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