Quote:
Originally Posted by thekremlin
$250k a year is pretty rich. Come on meow.
Beebs, if I'm someone in the top tax bracket and paid in US dollars, I see this tax cut and I convert as much as I can to other currencies. Right now I am keeping all of my paycheck in GBP, but I still have more than 50% in USD and I would like to convert a chunk of it to CAD/AUS or some asian currencies. I think this is the point you were making, that I don't have to keep my USD?
We keep spending money as if it's OK.
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I don't see what the relative "richness" of $250k has to do with anything, especially when you are talking as if the dollar is going to be hugely inflated
Not sure what exactly you are saying with the rest; as long as you pay your taxes in USD, you can use any currency you like for everything else. In some circumstances you don't even have to pay in USD, just the equivalent value. I mean it's a continuation of a tax break, not a tax rebate: they aren't going to be cutting you a check in USD.
So the idea that people should be mad that they are getting a tax cut because it is in USD makes no sense, even if the dollar does become devalued. People might be mad at the actual devaluation of the USD, but that would be true with or without having to pay less taxes.
Also it's not like the USD is doing particularly bad against the Euro or the GBP, a lot of places are forecasting that the USD will actually gain in relative value against both.
So basically, I'm just not understanding why you think people should be mad at not having their taxes raised.