Political Discussion

Joe Mac said:
Yeah I don’t think we have that on a personal income tax level. It’s more that non traditional income tends to fall into capital gains rather than income and of course is a lower burden. No one in the 1% is getting a payslip. Also it’s hard to tax wealth held in shares and assets, a lot of their wealth isn’t in cash or income. I’m still staunchly against any suggestion of flat rate though, it’s the most unfair system on the bottom of the pile.
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Our tax code is insane and changes every year. This again benefits the wealthy who can pay someone to keep up with it all to allow them to best beat the system.

There are all kinds of codes governing assets.

My first wife came from a wealthy family. They had assets in her name and when she filed taxes, they would come down and have them done. They would then pay her tax bill because having the assets in her name at her income level provided them like an 80% discount on the taxes on those assets.
 
Nee Lewman said:
Our tax code is insane and changes every year. This again benefits the wealthy who can pay someone to keep up with it all to allow them to best beat the system.

There are all kinds of codes governing assets.

My first wife came from a wealthy family. They had assets in her name and when she filed taxes, they would come down and have them done. They would then pay her tax bill because having the assets in her name at her income level provided them like an 80% discount on the taxes on those assets.
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From 2014-2018, the 25 richest Americans saw their net worth rise $400 billion. They paid only 13 billion combined in taxes over those 4 years. That’s about a 3.4% tax rate.

Bezos was worth 18 billion at one point in 2011 I think and with all the loopholes even was able to claim a $4,000 tax credit for his kids. The system is incredibly fucked up. And all these guys like Buffett publicly say they support higher taxes for wealthiest Americans yet are happy to pay next to nothing every year by exploiting the tax code
 
Nee Lewman said:
I hear you. It sort of works that way here but all the loopholes. So you have fuckers in the 1% paying nothing or less than my family. Here’s what it’s supposed to look like next year:

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Yup, and a lot of those loopholes are not available unless you have a hell of a lot of money and assets.

I'm pretty sure my 7th grade social studies teacher was a republican. I remember to this day he made a point about how a lot of people think the tax brackets are unfair. Because they are percentages based, some people end up paying a lot more in taxes than other and feel everyone should pay the same amount (as in a fixed amount and not percentage).
 
MikeH said:
From 2014-2018, the 25 richest Americans saw their net worth rise $400 billion. They paid only 13 billion combined in taxes over those 4 years. That’s about a 3.4% tax rate.

Bezos was worth 18 billion at one point in 2011 I think and with all the loopholes even was able to claim a $4,000 tax credit for his kids. The system is incredibly fucked up. And all these guys like Buffett publicly say they support higher taxes for wealthiest Americans yet are happy to pay next to nothing every year by exploiting the tax code
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If they actually paid their taxes, the government could shore up its issues. Instead, the middle class will suffer.
 
Here is a little interesting tidbit for you. Trump apparently has picked Susie Wiles as his new Chief of Staff, she is apparently the daughter of the late Pat Summerall. I always love listening to Madden and Summerall growing up but I can say with most certainty that she get lost.
 
Twentytwo said:
Here is a little interesting tidbit for you. Trump apparently has picked Susie Wiles as his new Chief of Staff, she is apparently the daughter of the late Pat Summerall. I always love listening to Madden and Summerall growing up but I can say with most certainty that she get lost.
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I know who Madden is… see @TenderLovingKiller® i know a sports person.
 
Nee Lewman said:
Also when the Republicans talk about cutting taxes it is always in extreme difference to those richest members. They horde money like we horde slabs of plastic.
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yeah, the poorest Americans who tax cuts would have the biggest impact on never see them. And often the working class doesn't get them either and when they do the cuts are temporary like what Trump did in his last term. However, the tax cuts for corporations and top 1% he made sure were permanent.
 
Nee Lewman said:
I will give Trump this… his tax cuts were the first time remember benefitting from them in my paystub. Every other Republican cut taxes but more money came out of my check.
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I may the only person on here but I don't mine paying taxes. I just see them as collective good type of thing. I certainly think the rich should pay more but it is not something I lose sleep over.
 
There was just a segment on NBC Nightly News about the democrats having a post mortem and are trying to figure out what went wrong.

I don't know who this guy was, all I can remember was he was a black male. But his theory was the "The progressives on the left are trying to drag the party further left with policies that deeply unpopular as a whole in America. The Democratic Party needs to more further to the center".

Like wtf. It's already a center right party!
 
Twentytwo said:
Here is a little interesting tidbit for you. Trump apparently has picked Susie Wiles as his new Chief of Staff, she is apparently the daughter of the late Pat Summerall. I always love listening to Madden and Summerall growing up but I can say with most certainty that she get lost.
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The silver lining (if there is one) he’s gotta pick a Chief of Staff and from what I read, she was a hired gun political operative as opposed to a weirdo MAGA cult member, she fought within the campaign to keep him on message and did a decent job until the very end when shit went off the rails. she even stood up to Trump a few times when he was trying bring super shit heel Corey Lewendowski back into the fold.

I am sure she still shares a lot of Trumps awful political views but it could be much much worse.
 
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Who are these college kids who bet $10,000 on Trump winning the election?

Anyways, long story short. In the age of online sports betting and fantasy football, betting on elections was extremely enticing for young males. Especially those who are Trump supporters.

The interview NBC had with one of that said he didn't know of a single of his girl friends who bet on the election, but all his guy friends did. He said every guy he knows was betting on the election.
 
RenegadeMonster said:
Who are these college kids who bet $10,000 on Trump winning the election?

Anyways, long story short. In the age of online sports betting and fantasy football, betting on elections was extremely enticing for young males. Especially those who are Trump supporters.

The interview NBC had with one of that said he didn't know of a single of his girl friends who bet on the election, but all his guy friends did. He said every guy he knows was betting on the election.
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Because he only hangs out with assholes like him.
 
Watching the local news, apparently a bunch of local schools on the North Shore (Massachusetts) are going on strike tomorrow. Announced at 5:00pm. Schools have been canceled for tomorrow.

Teachers say pay is too low and classroom sizes are too large. They can't afford to live off their teachers salary and are being burnt out. This has resulted in a lot of teachers leaving the region and relocating and they have had enough.

The official statement from one of the school districts was "They don't condone the strike and it's illegal for teachers to strike in the state of Massachusetts".

It's expected that the teachers will be ordered back into the classrooms tomorrow or face being arrested.
 
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