December 18, 20241 yr 23 minutes ago, It Hurts said: Amazing what's getting done before he even takes office. The man with a set is back he wears diapers and more makeup than a tranny.
December 18, 20241 yr 38 minutes ago, toolg said: Pretty easy to determine which side Trump and his billionaire appointees are on. Everybody else will get something "different'. Different doesn't mean better. I posted this same thing months ago and was told that ITEP was an elite Soros Dem site and that none of it is true. MAGA morons won't believe anything you tell them. They're going to have to figure it out themselves. And even then they may not be able to stomach that they were wrong and will just continue to self immolate. It's their country now and we're all just along for the ride. My suggestion? Be straight, act white, pretend to be some sort of Christian, and most importantly be in one of the those last two tax brackets.
December 18, 20241 yr 1 hour ago, DrPhilly said: MAGA pretending to be 100% in support of the working class in order to get their votes thereby allowing MAGA to stay in power. A play on the wealth gap. Bannon is essentially saying that the wealthy need to give up cheap imported labor and cheap outsourcing of labor to avoid a French Revolution scenario which ends with our decapitation. As a former young republican who knows a lot of these people and gets invited to these types of dinners and events, I’m not seeing the grift for us...
December 18, 20241 yr Nothing says taking on the elite like installing a cadre of billionaires into the cabinet to deregulate the F out of the banking industry and wall street.
December 18, 20241 yr 15 minutes ago, mayanh8 said: My suggestion? Be straight, act white, pretend to be some sort of Christian, and most importantly be in one of the those last two tax brackets.
December 18, 20241 yr Author 1 hour ago, TEW said: Bannon is essentially saying that the wealthy need to give up cheap imported labor and cheap outsourcing of labor to avoid a French Revolution scenario which ends with our decapitation. As a former young republican who knows a lot of these people and gets invited to these types of dinners and events, I’m not seeing the grift for us... Not to worry, you'll get your tax break
December 18, 20241 yr 24 minutes ago, DrPhilly said: Not to worry, you'll get your tax break Oh yay, I get to keep my own money. Can you explain how keeping my own money is a grift?
December 18, 20241 yr Author 1 minute ago, TEW said: Oh yay, I get to keep my own money. Can you explain how keeping my own money is a grift? The grift is on the working class not you, you no longer young repub
December 18, 20241 yr 11 minutes ago, DrPhilly said: The grift is on the working class not you, you no longer young repub How? Seriously — they’re going to get protectionist policies through tariffs and immigration policy. How is that a grift?
December 19, 20241 yr 10 hours ago, DrPhilly said: Does it? Sweden top marginal tax bracket is 60%. That is offset some by a 25% VAT but still. I’ve posted the OECD report a bunch of times. Nominal rates are meaningless. Based on the percentage of income taxes paid, the US system is the most progressive among OECD nations. It is because the bottom half pay nothing. In Sweden, everyone pays. Also, I said developed world. Not backwards agrarian economies north of the Arctic Circle. Here’s a summary. It has only gotten worse: https://www.aei.org/carpe-diem/u-s-has-most-progressive-tax-system-for-oecd-24/
December 19, 20241 yr Author 2 hours ago, vikas83 said: I’ve posted the OECD report a bunch of times. Nominal rates are meaningless. Based on the percentage of income taxes paid, the US system is the most progressive among OECD nations. It is because the bottom half pay nothing. In Sweden, everyone pays. Also, I said developed world. Not backwards agrarian economies north of the Arctic Circle. Here’s a summary. It has only gotten worse: https://www.aei.org/carpe-diem/u-s-has-most-progressive-tax-system-for-oecd-24/ Interesting. I'll have to read the entire report. The devil is always in the details.
December 19, 20241 yr Author 17 hours ago, TEW said: How? Seriously — they’re going to get protectionist policies through tariffs and immigration policy. How is that a grift? Oh joy! They'll get to pick fruits and vegetables and the really good ones can work at McDonalds. They'll make $15/hr but the inflation from the tariffs will eat that up quickly and they'll watch as taxes are lowered in the top brackets while govt services are continually cut. Not to worry, they can buy all the Trump coin and Trump nft they can get their hands on impressing their friends and family and at the same time guaranteeing their financial future. All they have to do is vote MAGA. Bottom line is the Dems let this prized voting bloc get away from them with all their stupid identity politics making everything about race and gender. Trump was smart enough to see the opportunity and take advantage of it thereby hijacking your party and subsequently the nation. Pure populism. The very kind you have always despised. btw - Apple has already bowed down and sucked off Trump and have an exception to any future tariffs. Going to be interesting to see how much of that type of stuff we get and how much real impact we get from tariffs.
December 19, 20241 yr 3 hours ago, DrPhilly said: how much real impact we get from tariffs. Im going to go with not much. At least not enough for the dems to remove them once they’re back in office.
December 19, 20241 yr 6 hours ago, DrPhilly said: Oh joy! They'll get to pick fruits and vegetables and the really good ones can work at McDonalds. They'll make $15/hr but the inflation from the tariffs will eat that up quickly and they'll watch as taxes are lowered in the top brackets while govt services are continually cut. Not to worry, they can buy all the Trump coin and Trump nft they can get their hands on impressing their friends and family and at the same time guaranteeing their financial future. All they have to do is vote MAGA. Bottom line is the Dems let this prized voting bloc get away from them with all their stupid identity politics making everything about race and gender. Trump was smart enough to see the opportunity and take advantage of it thereby hijacking your party and subsequently the nation. Pure populism. The very kind you have always despised. btw - Apple has already bowed down and sucked off Trump and have an exception to any future tariffs. Going to be interesting to see how much of that type of stuff we get and how much real impact we get from tariffs. None of that is a grift though. A grift involves cheating someone out of money. If Trump does exactly what he says he’s going to do, it’s not a grift, especially when he is losing money from his entire political adventure.
December 19, 20241 yr 1 minute ago, TEW said: None of that is a grift though. A grift involves cheating someone out of money. If Trump does exactly what he says he’s going to do, it’s not a grift, especially when he is losing money from his entire political adventure.
December 19, 20241 yr 1 minute ago, DEagle7 said: Feigning laughter doesn’t change the fact that doing exactly what you say you’re going to do is not a grift.
December 19, 20241 yr Author 11 minutes ago, TEW said: None of that is a grift though. A grift involves cheating someone out of money. If Trump does exactly what he says he’s going to do, it’s not a grift, especially when he is losing money from his entire political adventure. In the original post where I used the word grift I called it a "power grift”, as in swindling to gain power. edit: The nft/TrumpCoin crap is a money grift in any case
December 19, 20241 yr 1 minute ago, TEW said: Feigning laughter doesn’t change the fact that doing exactly what you say you’re going to do is not a grift. I'm laughing at your statement that Trump is "losing money" because of his political career. It's one of the dumbest things I've read on here in awhile. And that includes Iladelph suggesting Iran is invading New Jersey with stealth drones.
December 19, 20241 yr 9 hours ago, vikas83 said: I’ve posted the OECD report a bunch of times. Nominal rates are meaningless. Based on the percentage of income taxes paid, the US system is the most progressive among OECD nations. It is because the bottom half pay nothing. In Sweden, everyone pays. Also, I said developed world. Not backwards agrarian economies north of the Arctic Circle. Here’s a summary. It has only gotten worse: https://www.aei.org/carpe-diem/u-s-has-most-progressive-tax-system-for-oecd-24/ the issue is that at the very top reported AGI is minimized significantly. the way wealth is leveraged at that level to avoid taxes perverts the tax burden relative to a common wage earner. I don't disagree that when you have half the nation barely paying anything in federal taxes that the progressive nature is out of whack. but I also think analyses that focus on AGI and don't get into how wealth is really leveraged for income at the very top are disingenuous.
December 19, 20241 yr Author 6 minutes ago, JohnSnowsHair said: the issue is that at the very top reported AGI is minimized significantly. the way wealth is leveraged at that level to avoid taxes perverts the tax burden relative to a common wage earner. I don't disagree that when you have half the nation barely paying anything in federal taxes that the progressive nature is out of whack. but I also think analyses that focus on AGI and don't get into how wealth is really leveraged for income at the very top are disingenuous. The type of details I’m interested in reviewing with this topic
December 19, 20241 yr 5 minutes ago, JohnSnowsHair said: the issue is that at the very top reported AGI is minimized significantly. the way wealth is leveraged at that level to avoid taxes perverts the tax burden relative to a common wage earner. I don't disagree that when you have half the nation barely paying anything in federal taxes that the progressive nature is out of whack. but I also think analyses that focus on AGI and don't get into how wealth is really leveraged for income at the very top are disingenuous. Capital gains are taxed, as are dividends and interest. If you're talking about people borrowing against assets instead of selling them, the issue is complicated -- if you pay taxes on that money, then do you get a refund when you pay it back? As an example, I have credit lines against my investments. If I borrow $1mm on the line, and pay $230k in federal taxes under your plan, then when I pay back the $1mm (either voluntarily or when I sell the underlying collateral), do I get the $230k back? You could give a credit against the cap gains taxes on a sale, but plenty of people draw and pay back credit lines against assets. I owe the bank $1mm, not $770k. Oh, and then will every poor who takes a HELOC have to pay taxes too? I'm sure they will love that.
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