The board's server will undergo upgrade maintenance tonight, Nov 5, 2014, beginning approximately around 10 PM ET. Prepare for some possible down time during this process.
FAQ    Search

Board index » Word on the Street » News & Debate




Post new topic Reply to topic  [ 584 posts ]  Go to page Previous  1 ... 22, 23, 24, 25, 26, 27, 28 ... 30  Next
Author Message
 Post subject: Re: Does anyone care about the economy?
PostPosted: Fri December 15, 2017 2:37 pm 
Offline
User avatar
Future Drummer
 Profile

Joined: Thu December 20, 2012 4:45 pm
Posts: 3131
So Marco Rubio says he won't vote for the compromise bill unless child tax credits are expanded.

I guess that means there's a little drama left, but I'd expect him to be back on board by early next week. Leadership sounded confident that they could appease him.

_________________
"I want to see the whole picture--as nearly as I can. I don't want to put on the blinders of 'good and bad,' and limit my vision."-- In Dubious Battle



Top
 
 Post subject: Re: Does anyone care about the economy?
PostPosted: Fri December 15, 2017 10:56 pm 
Offline
Rank This Poster
 Profile

Joined: Wed April 20, 2016 7:11 pm
Posts: 3873
4/5 wrote:
So Marco Rubio says he won't vote for the compromise bill unless child tax credits are expanded.

I guess that means there's a little drama left, but I'd expect him to be back on board by early next week. Leadership sounded confident that they could appease him.



Image

_________________
Kaius wrote:
I really hope we get this figured out soon


Top
 
 Post subject: Re: Does anyone care about the economy?
PostPosted: Sat December 16, 2017 1:21 am 
Offline
User avatar
Future Drummer
 Profile

Joined: Thu December 20, 2012 4:45 pm
Posts: 3131
Yup. It was obvious when all the leadership was complementing him yesterday for holding out that they were going to appease him. I wonder if the whole thing was for show so that they could make “he stood up to his own party for working families” commercials in 2020 or 2024.

_________________
"I want to see the whole picture--as nearly as I can. I don't want to put on the blinders of 'good and bad,' and limit my vision."-- In Dubious Battle



Top
 
 Post subject: Re: Does anyone care about the economy?
PostPosted: Sat December 16, 2017 5:26 am 
Offline
AnalLog
 Profile

Joined: Wed January 02, 2013 3:41 am
Posts: 1386
4/5 wrote:
Yup. It was obvious when all the leadership was complementing him yesterday for holding out that they were going to appease him. I wonder if the whole thing was for show so that they could make “he stood up to his own party for working families” commercials in 2020 or 2024.


I think he's been fairly consistent on this issue...


Top
 
 Post subject: Re: Does anyone care about the economy?
PostPosted: Sat December 16, 2017 6:47 pm 
Offline
User avatar
Future Drummer
 Profile

Joined: Thu December 20, 2012 4:45 pm
Posts: 3131
simple schoolboy wrote:
4/5 wrote:
Yup. It was obvious when all the leadership was complementing him yesterday for holding out that they were going to appease him. I wonder if the whole thing was for show so that they could make “he stood up to his own party for working families” commercials in 2020 or 2024.


I think he's been fairly consistent on this issue...

I know he has during the debate over this particular bill, has this been something he's spoken about before?

FWIW, he makes a good point that people who end up paying zero federal income tax still pay payroll/FICA taxes. It's a shame that this particular attempt at "reform" chose not to address payroll taxes at all.

_________________
"I want to see the whole picture--as nearly as I can. I don't want to put on the blinders of 'good and bad,' and limit my vision."-- In Dubious Battle



Top
 
 Post subject: Re: Does anyone care about the economy?
PostPosted: Sun December 17, 2017 2:59 pm 
Offline
Rank This Poster
 Profile

Joined: Wed April 20, 2016 7:11 pm
Posts: 3873
4/5 wrote:
simple schoolboy wrote:
4/5 wrote:
Yup. It was obvious when all the leadership was complementing him yesterday for holding out that they were going to appease him. I wonder if the whole thing was for show so that they could make “he stood up to his own party for working families” commercials in 2020 or 2024.


I think he's been fairly consistent on this issue...

I know he has during the debate over this particular bill, has this been something he's spoken about before?

FWIW, he makes a good point that people who end up paying zero federal income tax still pay payroll/FICA taxes. It's a shame that this particular attempt at "reform" chose not to address payroll taxes at all.


Yeah. It blows my mind that people aren’t more outraged that the max anyone pays in social security tax is $7886 a year. Maybe people just don’t know it has a cap.

_________________
Kaius wrote:
I really hope we get this figured out soon


Top
 
 Post subject: Re: Does anyone care about the economy?
PostPosted: Mon December 18, 2017 1:00 am 
Offline
Rank This Poster
 Profile

Joined: Wed April 20, 2016 7:11 pm
Posts: 3873
More from tax plan:

Grad student tax issue resolved
Electric vehicle subsidies intact
Teachers buying supplies with own money deduction

So that’s good.

_________________
Kaius wrote:
I really hope we get this figured out soon


Top
 
 Post subject: Re: Does anyone care about the economy?
PostPosted: Mon December 18, 2017 4:20 pm 
Offline
User avatar
Future Drummer
 Profile

Joined: Thu December 20, 2012 4:45 pm
Posts: 3131
Bi_3 wrote:
4/5 wrote:
simple schoolboy wrote:
4/5 wrote:
Yup. It was obvious when all the leadership was complementing him yesterday for holding out that they were going to appease him. I wonder if the whole thing was for show so that they could make “he stood up to his own party for working families” commercials in 2020 or 2024.


I think he's been fairly consistent on this issue...

I know he has during the debate over this particular bill, has this been something he's spoken about before?

FWIW, he makes a good point that people who end up paying zero federal income tax still pay payroll/FICA taxes. It's a shame that this particular attempt at "reform" chose not to address payroll taxes at all.


Yeah. It blows my mind that people aren’t more outraged that the max anyone pays in social security tax is $7886 a year. Maybe people just don’t know it has a cap.

I think a lot of people (if they think anything about SS) think that it functions as a government sponsored retirement account, where they pay money into that program specifically and then that money is waiting for them when they retire. If that's too extreme, I am fairly certain that lots of people don't realize that the government treats federal income tax and payroll tax revenue the same.

If Congress would end the payroll tax and make corresponding revenue neutral adjustments to the income tax rates it would force this discussion out into the opinion. If the goal of Social Security is to make sure we don't have a destitute elderly population why exactly is the tax capped at a relatively low level of income? Why do high income earners receive Social Security at all?

Having a separate payroll tax leads to this idea that "I paid into Social Security, therefore I have a legal claim to that money when I'm 65 1/2" which in fact has no more basis in reality than "I paid federal income taxes and I oppose this meaningless war so I refuse to allow the government to spend my money on war."

(For the record, the former statement would have been true at the outset of the creation of Social Security, but it hasn't been true for decades now.)

_________________
"I want to see the whole picture--as nearly as I can. I don't want to put on the blinders of 'good and bad,' and limit my vision."-- In Dubious Battle



Top
 
 Post subject: Re: Does anyone care about the economy?
PostPosted: Mon December 18, 2017 10:21 pm 
Offline
Future Drummer
 Profile

Joined: Thu January 03, 2013 6:49 pm
Posts: 2777
4/5 wrote:
Bi_3 wrote:
4/5 wrote:
simple schoolboy wrote:
4/5 wrote:
Yup. It was obvious when all the leadership was complementing him yesterday for holding out that they were going to appease him. I wonder if the whole thing was for show so that they could make “he stood up to his own party for working families” commercials in 2020 or 2024.


I think he's been fairly consistent on this issue...

I know he has during the debate over this particular bill, has this been something he's spoken about before?

FWIW, he makes a good point that people who end up paying zero federal income tax still pay payroll/FICA taxes. It's a shame that this particular attempt at "reform" chose not to address payroll taxes at all.


Yeah. It blows my mind that people aren’t more outraged that the max anyone pays in social security tax is $7886 a year. Maybe people just don’t know it has a cap.

I think a lot of people (if they think anything about SS) think that it functions as a government sponsored retirement account, where they pay money into that program specifically and then that money is waiting for them when they retire. If that's too extreme, I am fairly certain that lots of people don't realize that the government treats federal income tax and payroll tax revenue the same.

If Congress would end the payroll tax and make corresponding revenue neutral adjustments to the income tax rates it would force this discussion out into the opinion. If the goal of Social Security is to make sure we don't have a destitute elderly population why exactly is the tax capped at a relatively low level of income? Why do high income earners receive Social Security at all?

Having a separate payroll tax leads to this idea that "I paid into Social Security, therefore I have a legal claim to that money when I'm 65 1/2" which in fact has no more basis in reality than "I paid federal income taxes and I oppose this meaningless war so I refuse to allow the government to spend my money on war."

(For the record, the former statement would have been true at the outset of the creation of Social Security, but it hasn't been true for decades now.)



If Social Security is a government sponsored retirement account (and not just another tax) why is Congress allowed to spend it, whey aren't they investing all that money?


I think most of your answers to the above lie in the fact that people with significant means are the people that get to make almost all of the significant decisions for the country.


Top
 
 Post subject: Re: Does anyone care about the economy?
PostPosted: Tue December 19, 2017 12:06 am 
Offline
Rank This Poster
 Profile

Joined: Wed April 20, 2016 7:11 pm
Posts: 3873
What I meant was, how many people do oI think know that high earners stop paying the social security tax (oasdi) after 127,200? That a person earning a billion pays the same dollar amount as someone earning 127,201? Seems like an obvious fix to SS is to have that tax just keep going like any other income tax, or fold it in as suggested above.

_________________
Kaius wrote:
I really hope we get this figured out soon


Top
 
 Post subject: Re: Does anyone care about the economy?
PostPosted: Sat January 27, 2018 1:46 pm 
Offline
Rank This Poster
 Profile

Joined: Wed April 20, 2016 7:11 pm
Posts: 3873
choose wisely

Image

_________________
Kaius wrote:
I really hope we get this figured out soon


Top
 
 Post subject: Re: Does anyone care about the economy?
PostPosted: Sun January 28, 2018 8:05 pm 
Offline
User avatar
Future Drummer
 Profile

Joined: Tue February 12, 2013 5:03 pm
Posts: 2547
glad i can do math and write code


Top
 
 Post subject: Re: Does anyone care about the economy?
PostPosted: Mon January 29, 2018 2:39 am 
Offline
User avatar
AnalLog
 Profile

Joined: Tue January 08, 2013 10:23 pm
Posts: 1739
Humans who write code will soon be mostly obsolete.


Top
 
 Post subject: Re: Does anyone care about the economy?
PostPosted: Mon February 05, 2018 8:07 pm 
Offline
NEVER STOP JAMMING!
 Profile

Joined: Tue January 01, 2013 3:45 pm
Posts: 21098
Location: the beach
don't look at your 401k today


Top
 
 Post subject: Re: Does anyone care about the economy?
PostPosted: Mon February 05, 2018 8:10 pm 
Offline
NEVER STOP JAMMING!
 Profile

Joined: Tue January 01, 2013 3:45 pm
Posts: 21098
Location: the beach
4% haircuts are expensive


Top
 
 Post subject: Re: Does anyone care about the economy?
PostPosted: Mon February 05, 2018 8:13 pm 
Offline
NEVER STOP JAMMING!
 Profile

Joined: Tue January 01, 2013 3:45 pm
Posts: 21098
Location: the beach
this is quite the correction..wow


Top
 
 Post subject: Re: Does anyone care about the economy?
PostPosted: Mon February 05, 2018 8:33 pm 
Offline
Rank This Poster
 Profile

Joined: Wed April 20, 2016 7:11 pm
Posts: 3873
doug rr wrote:
4% haircuts are expensive


Ironically, cuts when only 4% of your hair remains costs the normal amount.

_________________
Kaius wrote:
I really hope we get this figured out soon


Top
 
 Post subject: Re: Does anyone care about the economy?
PostPosted: Tue February 06, 2018 4:11 pm 
Offline
User avatar
Future Drummer
 Profile

Joined: Thu December 20, 2012 4:45 pm
Posts: 3131
Yay for volatility!!!

_________________
"I want to see the whole picture--as nearly as I can. I don't want to put on the blinders of 'good and bad,' and limit my vision."-- In Dubious Battle



Top
 
 Post subject: Re: Does anyone care about the economy?
PostPosted: Mon February 12, 2018 12:41 pm 
Offline
User avatar
An enigma of a man shaped hole in the wall between reality and the soul of the devil.
 Profile

Joined: Tue January 01, 2013 5:13 pm
Posts: 32802
Location: Donkeys live a long time.
Image

have fun with that, powell!

_________________
daft twat wrote:
Saw Coal Chamber 3 or 4 times by accident.


Top
 
 Post subject: Re: Does anyone care about the economy?
PostPosted: Mon February 12, 2018 3:52 pm 
Offline
User avatar
likes rhythmic things that butt up against each other
 Profile

Joined: Thu November 21, 2013 10:01 pm
Posts: 519
BurtReynolds wrote:
Image

have fun with that, powell!


As a small business owner with a loan tied to prime, I cringe every time rates go up. Until I get enough equity in the property portion of the loan, I'm out of luck as far as a refi goes. Hopefully in another year or two I'll be there, otherwise the price of sandwiches will be going up accordingly.

_________________
McParadigm wrote:
I mean nothing says libertarian more than talking a lot of shit and then getting your ass kicked in an actual one on one...

Dev wrote:
Clutch rules you dummy.


Top
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 584 posts ]  Go to page Previous  1 ... 22, 23, 24, 25, 26, 27, 28 ... 30  Next

Board index » Word on the Street » News & Debate


Who is online

Users browsing this forum: Google [Bot] and 3 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Search for:
Jump to:  
It is currently Tue July 17, 2018 12:04 pm