Will Stimulus.... stimulate Hawaii residents?

[macuu222]

Jerry
I was talking about americans who pay taxes...not every single american in the country.

[macuu222]

Well here it is from the mouth of the IRS about the stimulus...It won't have any effect on this years filing.



"Could the new legislation affect 2008 tax returns?

Generally, no. The new legislation does not have any major impact for the vast majority of individuals preparing their 2008 tax returns due April 15. Instead, these changes will largely impact 2009 tax returns filed next year, in 2010. Taxpayers should continue to prepare their 2008 tax returns as they normally would.

There are a few limited areas in the legislation that could impact 2008 tax returns. For example, for some small businesses, changes in the net operating loss provisions could affect 2008 tax returns. More details on this and other changes — such as the first-time homebuyer’s credit — will be available soon.

When and how will people get the $400 to $800 “Making Work Pay” tax credit?

Taxpayers will not get a separate, special check mailed to them like last year’s economic stimulus payment.

For many taxpayers, the additional credit will automatically start showing up in their paychecks this spring. For people who receive a paycheck, the credit will typically be handled by their employers through automated withholding changes. For some other people, the credit can be claimed when they file their 2009 tax return next year."

[ric]

That sounds like they've created an entirely new beaurocracy just to handle distributing more $$. What a mess.

I thought the best idea I've heard suggested was to suspend payroll tax payments (FICA) for some time period (6 mos. to a year I think?). This is really ingenious because it's instant, it gives greater benefit to those who pay more FICA, and since FICA is capped around $106k, it has no increased benefit for the extremely wealthy. Benefits the working class directly. Would have been easy and instantaneous.

[Guest]

Deflation is a temporary thing.
People with inventories will be eager to sell them until the supply drops, then things become precious.

Then inflation sets in.

People then will have need for products and no money to pay for them.
That is a depression.

[Bob Orts]

You know, the US is still looking for a replacement site for a biological weapons incinerator. The payroll alone during operation will be over $14,000,000 for some 325 - 375 jobs. Plus they will pay for any and all infrastructure improvements to support the facility. Lifespan is 40 years. Instead of fighting over projects, grab this project fully paid by the feds. Jobs, Money, Improved Roads, etc., all free and not touching any of Hawaii's stimulus money. There has to be some land in Puna the State or County would be willing to give up for this project. If there's no opposition, bet they can break ground in months.

[PaulW]

>biological weapons incinerator
>If there's no opposition

Very funny!

[james weatherford]

quote:

---

Originally posted by esnap

Deflation is a temporary thing.
People with inventories will be eager to sell them until the supply drops, then things become precious.
Then inflation sets in.
People then will have need for products and no money to pay for them.
That is a depression.

---

Not quite right, esnap

"no money" in a "depression" is exactly what deflation is.

Inflation is when there is lots of money and not much to buy.
Deflation is when there is lots to buy, but not much to buy with.


James Weatherford, Ph.D.
15-1888 Hialoa
Hawaiian Paradise Park

[oink]

From Wiki:

quote:

---

Deflation in economics is a persistent decrease in the general price level[1] of goods and services, when inflation is below zero percent, resulting in an increase in the real value of money — a negative inflation rate. When the inflation rate slows down (decreases, but remains positive), this is known as disinflation. Disinflation is a substantial drop in the rate of increase of the price level.[2]

Inflation destroys real value in money. Deflation creates real value in money. Alternatively, the term deflation was used by the classical economists to refer to a decrease in the money supply and credit; some economists, including many Austrian school economists, still use the word in this sense.[3] The two meanings are closely related, since a decrease in the money supply is likely to cause a decrease in the price level.

---

Then there is stagflation.

Pua`a
S. FL
Big Islander to be.

[Jon]

Bob, that would be a great idea, but there is no way the vocal minority in Puna would allow it... but I will do this much, I will try to talk our council lady into looking at it. Can you point me to some of the details?



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I do not believe that America is better than everybody else...
America "IS" everybody else.
HBAT

[Greg]

What about those twenty acre parcels in HPP?