Originally posted by OaklandA's
View Post
Announcement
Collapse
No announcement yet.
Announcement
Collapse
No announcement yet.
Economic, taxes, and tariffs discussion
Collapse
X
-
If DMT didn't exist we would have to invent it. There has to be a weirdest thing. Once we have the concept weird, there has to be a weirdest thing. And DMT is simply it.
- Terence McKenna
Bullshit is everywhere. - George Carlin (& Jon Stewart)
How old would you be if you didn't know how old you are? - Satchel Paige
-
Originally posted by Hi.I'm.Mandy View PostThanks for explaining "after tax". I used to think it meant taxes were excluded, but now i know it is infation related.
Originally posted by DMT View Post90% of his posts are nonsense so you can't hold that against him.
JAd Astra per Aspera
Oh. In that case, never mind. - Wonderboy
GITH fails logic 101. - bryanbutler
Bah...OJH caught me. - Pogues
I don't know if you guys are being willfully ignorant, but... - Judge Jude
Comment
-
Originally posted by onejayhawk View PostI saw WP article. Exclusive of bonus money, wages have been flat since Vietnam ended. It's a little deceptive since they are dealing with averages and individals are moving up relative to the averages then dropping out.
JOriginally posted by OaklandA's View PostSorry, but this is nonsense. If there is data to support your position, present it. But you can't just throw out real government data and replace it with your own imaginary results.
The normal experience is that you enter the job market making less money than when you leave the job market. That is, through job changes and promotions a person usually makes more money in real terms late in life than early in life. Can we agree on that much?
If that's given, the rest is just a statement that perceptions differ from flat averages.
JAd Astra per Aspera
Oh. In that case, never mind. - Wonderboy
GITH fails logic 101. - bryanbutler
Bah...OJH caught me. - Pogues
I don't know if you guys are being willfully ignorant, but... - Judge Jude
Comment
-
Originally posted by onejayhawk View PostThe normal experience is that you enter the job market making less money than when you leave the job market. That is, through job changes and promotions a person usually makes more money in real terms late in life than early in life. Can we agree on that much?
Comment
-
Originally posted by OaklandA's View PostWhile that may be true, it is not the same as your assertion that "after tax wages are up 6% year-to-year." Where is the evidence to support that?
Try this. Because of the tax law, payroll deductions are lower causing an increase in takehome. IIRC that average is about $1800 for middle income families. At median income, call it $50 K for convenience, that's 3.6%. Assume wage growth = inflation = 2.4%. There's your 6% and any bonus is gravy. Granted that is not rigorous, but explains why my knee jerk reaction is a favorable.
JAd Astra per Aspera
Oh. In that case, never mind. - Wonderboy
GITH fails logic 101. - bryanbutler
Bah...OJH caught me. - Pogues
I don't know if you guys are being willfully ignorant, but... - Judge Jude
Comment
-
I know that this was published in March, but I came across this today
https://www.forbes.com/sites/ryanell.../#52711177b9ef
Democrats Release Tax Hike Plan
1 thing from the article
"Increase the top marginal income tax rate from 37 percent to 39.6 percent. This nearly 3 percentage point increase in the top personal rate is not only a hike in the top bracket levy, but it's also a direct tax increase on small and mid-sized businesses. The 30 million companies which are organized as sole proprietorships, partnerships, Subchapter-S corporations, and LLCs pay their business taxes on their owners' 1040 personal tax returns. Hiking the top tax rate is a small business tax increase."It is wrong and ultimately self-defeating for a nation of immigrants to permit the kind of abuse of our immigration laws we have seen in recent years and we must stop it.
Bill Clinton 1995, State of the Union Address
"When they go low - we go High" great motto - too bad it was a sack of bullshit. DNC election mantra
Comment
-
Originally posted by baldgriff View Post"Increase the top marginal income tax rate from 37 percent to 39.6 percent. This nearly 3 percentage point increase in the top personal rate is not only a hike in the top bracket levy, but it's also a direct tax increase on small and mid-sized businesses. The 30 million companies which are organized as sole proprietorships, partnerships, Subchapter-S corporations, and LLCs pay their business taxes on their owners' 1040 personal tax returns. Hiking the top tax rate is a small business tax increase."
Comment
-
Originally posted by OaklandA's View PostThis tax rate increase would only apply to individuals in the highest tax bracket, or those with incomes over $500,000. It would not affect most small businesses.
JAd Astra per Aspera
Oh. In that case, never mind. - Wonderboy
GITH fails logic 101. - bryanbutler
Bah...OJH caught me. - Pogues
I don't know if you guys are being willfully ignorant, but... - Judge Jude
Comment
-
annual budget deficit above 800 billion with still a month in the fiscal year to go. and this is during a good economy. brutal. doesn't seem to make sense to do a stimulus when times are good and then want to do austerity when they will be bad sooner than later... i thought they weren't predicting trillion dollar deficits for another 10 years? we're fucked.
Comment
-
Originally posted by nullnor View Postannual budget deficit above 800 billion with still a month in the fiscal year to go. and this is during a good economy. brutal. doesn't seem to make sense to do a stimulus when times are good and then want to do austerity when they will be bad sooner than later... i thought they weren't predicting trillion dollar deficits for another 10 years? we're fucked.
Comment
-
Originally posted by Sour Masher View PostMcConnell already tipped the Repub hand on what their solution is to this.. Cut SS, Medicare, and Medicaid. I'm sure that will go over swimmingly for them. Much better to cut the services millions rely on to live than have rich folk pay a a few percentage points more in taxes.
Comment
-
Originally posted by Sour Masher View PostMcConnell already tipped the Repub hand on what their solution is to this.. Cut SS, Medicare, and Medicaid. I'm sure that will go over swimmingly for them. Much better to cut the services millions rely on to live than have rich folk pay a a few percentage points more in taxes.
Comment
-
Stock market sinks below the Jan. 1st 2018 opening mark. Looks like the stock buyback effect has quickly evaporated!
Do you all still have confidence in this unstoppable beast of a market? Being de-fanged before your eyes. Or show me how I'm mistaken?Larry David was once being heckled, long before any success. Heckler says "I'm taking my dog over to fuck your mother, weekly." Larry responds "I hate to tell you this, but your dog isn't liking it."
Comment
Comment