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Business, Economics & Tax Policy 6.0: Nope, it only found woven strands
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**NOTE: The misleading post above was brought to you by Reynold's Wrap and American Steeples, makers of Crosses.
Originally Posted by dropthatpuck-Scooby's a lost cause.
Originally Posted by First Time, Long Time-Always knew you were nothing but a troll.
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Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands
Originally posted by ScoobyDoo View PostNo.
God, you whine and ***** about Brent not answering a question and instead of not answering, YOU offer up that.Code:As of 9/21/10: As of 9/13/10: College Hockey 6 College Football 0 BTHC 4 WCHA FC: 1
Originally posted by SanTropezMay your paint thinner run dry and the fleas of a thousand camels infest your dead deer.Originally posted by bigblue_dlI don't even know how to classify magic vagina smoke babies..Originally posted by KeplerWhen the giraffes start building radio telescopes they can join too.
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Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands
Originally posted by dxmnkd316 View Post
God, you whine and ***** about Brent not answering a question and instead of not answering, YOU offer up that.
The Social Security Administration (SSA) announced on Friday that the maximum amount of wages in 2018 subject to the 6.2% Social Security tax (old age, survivor, and disability insurance) will rise from $127,200 to $128,400, an increase of a little more than 1%. By comparison, the 2017 wage base increased more than 7% over the 2016 wage base.
About 150 grand for single and 300 for couples.**NOTE: The misleading post above was brought to you by Reynold's Wrap and American Steeples, makers of Crosses.
Originally Posted by dropthatpuck-Scooby's a lost cause.
Originally Posted by First Time, Long Time-Always knew you were nothing but a troll.
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Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands
Originally posted by ScoobyDoo View PostIf you're at least 20% above that threshold you're no longer middle class and are in fact rich.
My definition is as follows. You have to use assets (net worth), not income. Even if you have zero income if you own an island you're rich.
I'd use rough 10ths as delimeters. And at the beginning, age factors in because kids will have a far lower worth because they haven't accumulated yet.
So, at, say, age 50:
Below $10k: poor
$10k-$100k: lower middle class
$100k - $1M: middle class
$1M - $10M: upper middle class
Above $10M: rich
Then my aim as a government would be to move as many people as possible into the middle class. I suggest that means confiscating all assets above $100M and using them to improve the lives differentially of those in the middle class (a little), the lower middle class (a lot) and the poor (transformatively). Do it in a way which the people themselves take responsibility and do the work. Education, training, child care, health care all paid for. Your job as a poor citizen is to get yourself safely to the middle. You job in the middle is to flourish and do the work. Your job at the top is to subsidize the improvement of the bottom.
It's still going to be a hoot to be rich. $100M will still buy all the hookers and blow you want, you'll just have to settle for 5 houses instead of 25.
My guess is that right now the US is at: 50%, 30%, 15%, 4%, 1%.
My ideal shape of the "perfected" US is: 0%, 25%, 25%, 25%, 25%.
The key here is that $10M+ is restricted to $10M - $100M. It is currently unlimited and ranges $10M - nearly $100,000M. That warps the entire shape of the country because all those dollars above $10M are wasted -- they merely plow back into the future gains of the 1% and have zero benefit to anyone else. If they benefit anyone outside the US 1% it is the 1% of other nations.
Put those dollars to good use.Last edited by Kepler; 12-20-2017, 09:44 PM.Cornell University
National Champion 1967, 1970
ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
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Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands
I have an idea. Haven’t played it out in my head, so it might be terrible.
Abolish the income tax. Completely. Make whatever you want. But the estate tax becomes the source of income for the government.
Estate tax exempts the first five million per person. But not on death, on receipt. A person has a lifetime exemption of five million in gifts and inheritance. After that, things are taxed.
5-10 million 30%
10-15 million 40%
15-30 million 50%
30-50 million 60%
50-75 million 75%
75-100 million 90%
100 million 99.9%
I have no idea what the rates should be. But it has one benefit. It drives people towards the middle class by eliminating wealth disparity. And it encourages you to spend and enjoy your money in life. This would start the churn and boost the economy.
Like I said. I haven’t sussed this out. It might be completely unworkable.
ETA: I’m thinking the brackets need to be more aggressive. Exporting money would need to be prevented. So I don’t think it’s eorksb in the end.Last edited by dxmnkd316; 12-20-2017, 10:17 PM.Code:As of 9/21/10: As of 9/13/10: College Hockey 6 College Football 0 BTHC 4 WCHA FC: 1
Originally posted by SanTropezMay your paint thinner run dry and the fleas of a thousand camels infest your dead deer.Originally posted by bigblue_dlI don't even know how to classify magic vagina smoke babies..Originally posted by KeplerWhen the giraffes start building radio telescopes they can join too.
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Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands
Or how about this: People who actually earn money for their families keep what they earn, instead of subsidizing in death some weasel that can't do the same thing so they feel the need to steal from someone else.
As usual, the collegian attacking the family.
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Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands
Originally posted by FlagDUDE08 View PostOr how about this: People who actually earn money for their families keep what they earn, instead of subsidizing in death some weasel that can't do the same thing so they feel the need to steal from someone else.
As usual, the collegian attacking the family.
And it comes from a guy who is, by all available evidence, too stupid to avoid being taken advantage of by bottom-feeding predators like infowars, who feed off only the most gullible.
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Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands
Originally posted by burd View PostThere's that empathy void I was referring to. None there.
And it comes from a guy who is, by all available evidence, too stupid to avoid being taken advantage of by bottom-feeding predators like infowars, who feed off only the most gullible.
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Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands
RIP downloading stock data from Yahoo.
http://finance.yahoo.com/d/quotes.csv?s=VZ+AEO&f=snhgba
Now returns:
It has come to our attention that this service is being used in violation of the Yahoo Terms of Service. As such, the service is being discontinued. For all future markets and equities data research, please refer to finance.yahoo.com.
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Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands
Originally posted by Kepler View PostWhere did 20% come from? Not attacking, just curious.**NOTE: The misleading post above was brought to you by Reynold's Wrap and American Steeples, makers of Crosses.
Originally Posted by dropthatpuck-Scooby's a lost cause.
Originally Posted by First Time, Long Time-Always knew you were nothing but a troll.
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Originally posted by ScoobyDoo View PostI've been settling in on the 150/300 number for a while. My big issue is the FICA Tax and how it is handled by our government.
This after all is a transfer payment (not retirement fund) furnished by taxes. There should be no limitations on taxation levels. No shielded income.a legend and an out of work bum look a lot alike, daddy.
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Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands
Originally posted by mookie1995 View PostAgree
This after all is a transfer payment (not retirement fund) furnished by taxes. There should be no limitations on taxation levels. No shielded income.
I do like that you understand tax caps are wrong. There may be hope for you yet.Cornell University
National Champion 1967, 1970
ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
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Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands
Two days before Congress gave final approval, a group of 13 tax law experts released the most incisive critique of the tax bill to date, a 30-page document called “The Games They Will Play: An Update on the Conference Committee Tax Bill.”
The primary authors of the report — Ari Glogower, David Kamin, Rebecca Kysar, and Darien Shanske — describe the legislation as “a substantial blow to the basic integrity of the income tax” that will “advantage the well-advised in ways that are both deliberate and inadvertent.”
The authors cite a wide range of specific flaws, but their main argument is that the measure is gravely deficient at its core:
"The most serious structural problems with the bill are unavoidable outcomes of Congress’s choice to preference certain taxpayers and activities while disfavoring others — and for no discernible policy rationale. These haphazard lines are fundamentally unfair and inefficient, and invite tax planning by sophisticated taxpayers to get within the preferred categories."
https://www.nytimes.com/2017/12/21/o...imes&smtyp=cur
https://papers.ssrn.com/sol3/papers....act_id=3089423
Hey, Collins, Corker, and Murkowski. Enjoy Hell.**NOTE: The misleading post above was brought to you by Reynold's Wrap and American Steeples, makers of Crosses.
Originally Posted by dropthatpuck-Scooby's a lost cause.
Originally Posted by First Time, Long Time-Always knew you were nothing but a troll.
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Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands
and for no discernible policy rationaleCornell University
National Champion 1967, 1970
ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020
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Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands
Originally posted by ScoobyDoo View PostI've been settling in on the 150/300 number for a while. My big issue is the FICA Tax and how it is handled by our government."The party told you to reject the evidence of your eyes and ears. It was their final, most essential command." George Orwell, 1984
"One does not simply walk into Mordor. Its Black Gates are guarded by more than just Orcs. There is evil there that does not sleep, and the Great Eye is ever watchful. It is a barren wasteland, riddled with fire and ash and dust, the very air you breathe is a poisonous fume." Boromir
"Good news! We have a delivery." Professor Farnsworth
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