Yay GOP

[TheGerman]

/sarcasm

White House drops payroll tax cut after GOP allies object

President Donald Trump on Thursday reluctantly dropped his bid to cut Social Security payroll taxes as Republicans stumbled anew in efforts to unite around a $1 trillion COVID-19 rescue package to begin negotiations with Democrats who are seeking far more. Frustrating new delays came as the...

www.yahoo.com

So lets send more money to poor people who make poor people decisions and have mostly squandered the first round of free money they got instead of cutting bullshit taxes for those that actually have jobs to fund the bullshit poor people bailouts. Oh, and no money for those people either, just the poors.

It's literally a circular function inside a poor people circle jerk.

 

[MtnCreek]

I guess the smart people in DC know that paying people to not work is somehow good for the economy. DC: We want to bring down those unemployment numbers. So let's pay folks enough to comfortably sit on their ass and keep filing for unemployment.

 

[pmclaine]

Its like Yang got Universal Income through.

 

[SilentStalkr]

Fucking idiots!

 

[myronman3]

the GOP is NOT on the american people’s side.....it’s just that they are pretending to be not quite as bad as the liberals.

my guess is trump will form a new party after his next term.

 

[Threadcutter308]

my guess is trump will form a new party after his next term.

You really think so ?

My money's on him saying "fuck this shit, I've had enough".

 

[Romeo458]

The middle class must go for the socialist revolution's success. This is another way to kill the people in the middle off.

 

[myronman3]

You really think so ?

My money's on him saying "fuck this shit, I've had enough".

you really think our enemies are just going to let him walk away? HA! as a matter of self preservaation, he has to get rid of these traitors.

 

[Dunraven]

You really think so ?

My money's on him saying "fuck this shit, I've had enough".

wouldn't blame him. what normal person would put up with this bullshit?

 

[Aries256]

the GOP is NOT on the american people’s side.....it’s just that they are pretending to be not quite as bad as the liberals.

my guess is trump will form a new party after his next term.

Id say we need a Constitutionalist/Patriot party

 

[Maggot]

Where's my fucking check?

 

[Threadcutter308]

you really think our enemies are just going to let him walk away? HA! as a matter of self preservaation, he has to get rid of these traitors.

It's been 3.5 years. McTurtle Sessions, Ruby Ridge Barr, Durham, Sean ("Breaking news tonight) Hannity. Still, no charges, no convictions. The clock is being played out. Orange man ought to win by a landslide, but voter fraud could very well be why the election is stolen.

If criminals in orange jumpsuits ain't chained up and perp walking by the time November comes around, ain't nobody goin' nowhere. Other than possibly G. Maxwell and my money is on her taking a dirt nap before her trial.

 

[Threadcutter308]

Where's my fucking check?

Thanks for the Manners T2-A

 

[Milo 2.5]

Thanks for the Manners T2-A

LMAO
New Winchester 1886 Yellowboy in 38 spec here

 

[FS1]

The horse pulling the wagon gets no respect. Even though without the horse the wagon is useless.

 

[Ravenworks]

wouldn't blame him. what normal person would put up with this bullshit?

Someone that loves their country and is trying to make a difference

 

[stilesg57]

/sarcasm

White House drops payroll tax cut after GOP allies object

President Donald Trump on Thursday reluctantly dropped his bid to cut Social Security payroll taxes as Republicans stumbled anew in efforts to unite around a $1 trillion COVID-19 rescue package to begin negotiations with Democrats who are seeking far more. Frustrating new delays came as the...

www.yahoo.com

So lets send more money to poor people who make poor people decisions and have mostly squandered the first round of free money they got instead of cutting bullshit taxes for those that actually have jobs to fund the bullshit poor people bailouts. Oh, and no money for those people either, just the poors.

It's literally a circular function inside a poor people circle jerk.

I can't hate on any tax policy towards poor people when I see the outright welfare the rich have in the form of the capital gains brackets.

You pay as much % in fedral taxes (income and fica) starting at $9,900 as cap gains peeps do on every dollar over $440,000. That's a criminal failure of policy.

 

[Downtown]

I can't hate on any tax policy towards poor people when I see the outright welfare the rich have in the form of the capital gains brackets.

You pay as much % in fedral taxes (income and fica) starting at $9,900 as cap gains peeps do on every dollar over $440,000. That's a criminal failure of policy.

Well, I do think there should probably be a difference in income and capital gains taxes. It does stick in my craw some that I pay income tax on my earnings, then when I put those earnings to work as investments, my gains are taxed again. I understand the need for some tax, but capital gains shouldn't be taxed the same as income tax. That money was taxed once already.

 

[stilesg57]

Well, I do think there should probably be a difference in income and capital gains taxes. It does stick in my craw some that I pay income tax on my earnings, then when I put those earnings to work as investments, my gains are taxed again. I understand the need for some tax, but capital gains shouldn't be taxed the same as income tax.

.....why? Income on capital, income on labor, they're both income. If we're taxing income, why not tax at the same rate? I think it's insane that someone who makes $45k/yr is paying a combined marginal rate of 30% while someone who makes $430kyr pays half that rate...for not working.

Given the sheer amount of cap gains, if they're taxed at the same rate as labor you can bring the labor income taxes down SUBSTANTIALLY and still be revenue neutral. Only fair IMO.

 

[D̷e̷v̷i̷l̷D̷o̷c̷A̷Z̷]

/sarcasm

White House drops payroll tax cut after GOP allies object

President Donald Trump on Thursday reluctantly dropped his bid to cut Social Security payroll taxes as Republicans stumbled anew in efforts to unite around a $1 trillion COVID-19 rescue package to begin negotiations with Democrats who are seeking far more. Frustrating new delays came as the...

www.yahoo.com

So lets send more money to poor people who make poor people decisions and have mostly squandered the first round of free money they got instead of cutting bullshit taxes for those that actually have jobs to fund the bullshit poor people bailouts. Oh, and no money for those people either, just the poors.

It's literally a circular function inside a poor people circle jerk.

So I gotta admit. I read all your posts w a bad German accent in my mind. You are usually stomping around and ranting about “poors” but this one is by far the best.

Or maybe it’s just cause I’m buzzed.

Thank you for the humor.

 

[MtnCreek]

I can't hate on any tax policy towards poor people when I see the outright welfare the rich have in the form of the capital gains brackets.

You pay as much % in fedral taxes (income and fica) starting at $9,900 as cap gains peeps do on every dollar over $440,000. That's a criminal failure of policy.

In order for paying a tax rate to be walfare, you have to assume the gov is the rightful owner of all earnings.

How big of a check does the gov send to people earning over $440k cap gains? Because the tax filer making $9.9k is raking in some refundable credit gov cheese. That's a tax consumer, or parasite.

 

[DarnYankeeUSMC]

I can't hate on any tax policy towards poor people when I see the outright welfare the rich have in the form of the capital gains brackets.

You pay as much % in fedral taxes (income and fica) starting at $9,900 as cap gains peeps do on every dollar over $440,000. That's a criminal failure of policy.

"Welfare the rich have in the form of the capital gains"

That's some fucked up thinking. Maybe you could have used better wording?

How about a flat tax rate across the board? The same tax % from $5 to $50 million and making the Fed govt live within the budget and funds available from that tax.
We don't have a problem with the amount of tax collected. We have a govt that believes they own us and our money belongs to the government. The government has a spending problem. It's now close to $30,000,000,000,000.00 in debt from their spending problem.

 

[deersniper]

Id say we need a Constitutionalist/Patriot party

Like the tea party that democrats and republicans smashed?


People like Lerner and McCain among a lot of others should have been swinging from a rope after that bs

 

[stilesg57]

"Welfare the rich have in the form of the capital gains"

That's some fucked up thinking. Maybe you could have used better wording?

How about a flat tax rate across the board? The same tax % from $5 to $50 million and making the Fed govt live within the budget and funds available from that tax.
We don't have a problem with the amount of tax collected. We have a govt that believes they own us and our money belongs to the government. The government has a spending problem. It's now close to $30,000,000,000,000.00 in debt from their spending problem.

You forgot the last word there in my quote: brackets. The cap gains earnings aren't welfare, obviously; the lower rate they have to pay relative to others absolutely is. Maybe "welfare" isn't the right word -- sorry to trigger, ha -- but not paying the same share as working stiffs is at the very least "free riding" and absolutely a policy failure.

I have mixed feelings on a flat tax. By far the biggest downside is that they don't account for decreasing marginal utility of income the way progressive tax rates do. On the other hand they're better at accounting for that than an outright regressive tax like fica, they're comparatively easier/simpler to administer, they have an inherent equality about them that's good for political cohesion, and they're not as inherently subjective as any bracket scheme almost by definition is.

 

[stilesg57]

In order for paying a tax rate to be walfare, you have to assume the gov is the rightful owner of all earnings.

How big of a check does the gov send to people earning over $440k cap gains? Because the tax filer making $9.9k is raking in some refundable credit gov cheese. That's a tax consumer, or parasite.

OK, if "welfare" bugs you or leads to slippery slope logical stretches then just call it "free loading." Pick your term, doesn't change the situation.

Agreed that other policies outside of the actual brackets (tax credits, etc), especially ones that go rate-negative, complicate the total picture. But here's a fairly simple one: someone making $40k working for a living is almost certainly going to be paying some taxes, while someone making $40k in capital gains will not pay any income taxes because the rate below $40k is ZERO. I think that's a fairness issue.

 

[W54/XM-388]

I'm a firm believer that the ONLY way to slow down run away taxation and theft, if you for some reason must have an income tax, is that ALL earnings must be taxed at the EXACT same rate from $1 on up, including anything you get from government benefits (Including housing allowances), food stamps, or retirement packages or SS or any other income, with no deductions at all for being poor or being too rich.

Then when the sheeple beg for more taxes for more free stuff, they get to see it hit them right in the pocketbook right away.

Then folks might stop trying to use the government to rob others for free stuff to pay them and start considering maybe it's a great idea to ditch income and property taxes all together and have a simple flat same for everything sales tax with no cutouts for anything and no cutouts for any "special" folks.

 

[Downtown]

OK, if "welfare" bugs you or leads to slippery slope logical stretches then just call it "free loading." Pick your term, doesn't change the situation.

Agreed that other policies outside of the actual brackets (tax credits, etc), especially ones that go rate-negative, complicate the total picture. But here's a fairly simple one: someone making $40k working for a living is almost certainly going to be paying some taxes, while someone making $40k in capital gains will not pay any income taxes because the rate below $40k is ZERO. I think that's a fairness issue.

But why do you not think working stiffs don't pay capital gains? I'm certainly a working stiff, but the little money I can save I put to work in the economy as investments. I think that's the idea behind "capitalism". I've been taxed on that money once, as income. I'm not claiming those capital earnings should be tax free, but perhaps I could get a break and pay a lower rate than that income rate. Don't have to be rich to have capital gains.

 

[MtnCreek]

OK, if "welfare" bugs you or leads to slippery slope logical stretches then just call it "free loading." Pick your term, doesn't change the situation.

Agreed that other policies outside of the actual brackets (tax credits, etc), especially ones that go rate-negative, complicate the total picture. But here's a fairly simple one: someone making $40k working for a living is almost certainly going to be paying some taxes, while someone making $40k in capital gains will not pay any income taxes because the rate below $40k is ZERO. I think that's a fairness issue.

Our tax system is so screwed up.

I bet most making $40k are paying no fed income tax. Earned Income Credit with a kid or two and that guy's getting back what was taken from him or more. Probably enough to cover fica.

What's really screwed up are the people that have no idea what or if they pay. Q: "What did you pay in taxes?" A: "I got $XYZ back..."

 

[FishinGuns]

I'm a firm believer that the ONLY way to slow down run away taxation and theft, if you for some reason must have an income tax, is that ALL earnings must be taxed at the EXACT same rate from $1 on up, including anything you get from government benefits (Including housing allowances), food stamps, or retirement packages or SS or any other income, with no deductions at all for being poor or being too rich.

Then when the sheeple beg for more taxes for more free stuff, they get to see it hit them right in the pocketbook right away.

Then folks might stop trying to use the government to rob others for free stuff to pay them and start considering maybe it's a great idea to ditch income and property taxes all together and have a simple flat same for everything sales tax with no cutouts for anything and no cutouts for any "special" folks.

Amen. That concept is what I, and many others, refer to as “fair.”

 

[Mr.BR]

Someone has to pay for all the Robinhood action that is going on in stock market. But unemployemnt benefits a peanuts compared to what goverment and feed is showering with the Wallstreet.

''Roughly two-thirds of Americans receiving unemployment benefits under the CARES act during the pandemic are getting more income than they did when working! For one in five, their income has doubled.

https://bfi.uchicago.edu/wp-con…/uploads/BFI_WP_202062-1.pdf

"The median replacement rate is 134%. Two-thirds of UI
eligible workers can receive benefits which exceed lost earnings and one-fifth can receive benefits at least double
lost earnings.

This tells how many Americans have been working on poverty wages.

And research shows that higher unemployment insurance levels would force employers to offer higher wages for employees.''

https://economics.mit.edu/files/5685

 

[Desert Raven]

Looked at my check today and it was a few dollars less, so I looked it up. Told my wife I was pissed off and text her this when she asked, "What happened?"

"I hate taxes. They are legalized theft of MY money, so I can pay for a bunch of damn hobos and ghetto goblins to join the free shit army".

Then, when said miscreants go fu@king woodshed on all things American, I get to pay for THAT, too! At some point, people who are producers are going to reach their collective limits with those who are takers.

 

[SilentStalkr]

Looked at my check today and it was a few dollars less, so I looked it up. Told my wife I was pissed off and text her this when she asked, "What happened?"

"I hate taxes. They are legalized theft of MY money, so I can pay for a bunch of damn hobos and ghetto goblins to join the free shit army".

Then, when said miscreants go fu@king woodshed on all things American, I get to pay for THAT, too! At some point, people who are producers are going to reach their collective limits with those who are takers.

People have been saying that for decades, at least in the 30+ years I’ve been around to hear it. Still no change.

 

[mwc63]

Takers eat
Givers sleep

 

[ManUtdManiac]

Hmmm... how does one become a poor? German's angst is very delightful... I would have people who go to work to earn my welfare say 'thank you' to me for having to work until July before they start earning money for themselves...

Yes, I hate taxes too... but it's Friday...

 

[Kein Mitleid]

OK, if "welfare" bugs you or leads to slippery slope logical stretches then just call it "free loading." Pick your term, doesn't change the situation.

Agreed that other policies outside of the actual brackets (tax credits, etc), especially ones that go rate-negative, complicate the total picture. But here's a fairly simple one: someone making $40k working for a living is almost certainly going to be paying some taxes, while someone making $40k in capital gains will not pay any income taxes because the rate below $40k is ZERO. I think that's a fairness issue.

If a person makes the money via short-term trading, they are taxed at normal income rates. If the money is from long term capital gains (held stock or property longer than a year) it’s taxed at cap gains rate which is different for high income earners (read; higher). Dividends are taxed at cap gains rate.

Someone earning $400k in dividends has a lot of money at risk, they stand the chance to lose substantial amounts of money that a person earning that same amount as a salary runs no risk of.

So do we then ask this person to bear all the risk and pay normal income tax? Seems absurd.

Further, If one thinks that people are benefitting then does it not make sense to take advantage of the same system? Seems like a better approach than trying to shake everyone else off the ladder.

 

[TheGerman]

Like the tea party that democrats and republicans smashed?


People like Lerner and McCain among a lot of others should have been swinging from a rope after that bs

The more I think about it, McCain fucked conservatives for the longest time and was the sole cause of so much failure.

Just between running for president, where he had zero chance and ran half assed anyways, to being the holdout on the entire obamacare bullshit, this guy was just a total fucking self serving faggot.

 

[deersniper]

End with holding and the tax situation would be fixed within a week


Idiots don’t think it is their money. If they had to write a check they would think different. Or better yet like kicker earners have to do. Make them pay their tax ahead of time. Ie estimated tax.




Women voting helped cause this

 

[deersniper]

The more I think about it, McCain fucked conservatives for the longest time and was the sole cause of so much failure.

Just between running for president, where he had zero chance and ran half assed anyways, to being the holdout on the entire obamacare bullshit, this guy was just a total fucking self serving faggot.

He helped the irs squash the tea party too. Traitorous sob

 

[TheGerman]

Someone has to pay for all the Robinhood action that is going on in stock market. But unemployemnt benefits a peanuts compared to what goverment and feed is showering with the Wallstreet.

''Roughly two-thirds of Americans receiving unemployment benefits under the CARES act during the pandemic are getting more income than they did when working! For one in five, their income has doubled.

https://bfi.uchicago.edu/wp-con…/uploads/BFI_WP_202062-1.pdf

"The median replacement rate is 134%. Two-thirds of UI
eligible workers can receive benefits which exceed lost earnings and one-fifth can receive benefits at least double
lost earnings.

This tells how many Americans have been working on poverty wages.

And research shows that higher unemployment insurance levels would force employers to offer higher wages for employees.''

https://economics.mit.edu/files/5685

Poors are poor for a reason.

It isn't because they can't find work; its because their shitty behavior is the #1 hinderance in their lives as well as their spending habits running a close second. Poor people get in their own way more often than anything else making them poor.

I'm willing to bet a large portion of those receiving more money from unemployment than from when they worked, have less money than from when they earned an income.

The benefit here is that when this sham comes to an end, there are going to be a ton of toys to be bought at firesale prices from these idiots.

 

[DarnYankeeUSMC]

IIRC he hand delivered the Steele files to the FBI. He was in on the Russia bullshit with Comey and the kenyan's minions.

He helped the irs squash the tea party too. Traitorous sob

 

[KYAggie]

Women voting helped cause this

I wondered when this would come up. I agree. I’m not a sexist, but I agree their inability to separate their emotions from how they make decisions has contributed largely to this and other nonsense.

 

[P-Squared]

The more I think about it, McCain fucked conservatives for the longest time and was the sole cause of so much failure.

Just between running for president, where he had zero chance and ran half assed anyways, to being the holdout on the entire obamacare bullshit, this guy was just a total fucking self serving faggot.

McCain was a fuckup from when he was in the service to when he was a senator. He was a 'hero' because in one of his stunts, he got shot down and was captured by charlie. He did suffer a great deal in the Hanoi Hilton and for that I feel sorry for him. I'm sure he was tortured by his injuries every day until his end. That said, the rest of his life he was a lying, stealing, conniving piece of shit. Every 6 years he came out here begged for campaign money, promised he would fix the border, and then he went back to washington. Explain why he was at Davos every year. Make a list of all the government traitors who go to that meeting, those are the enemy. F'ing communists.

 

[Bigfatcock]

 

[stilesg57]

I won’t denigrate McCain’s service, but I do have a funny quip about his proclivity for risk taking in the cockpit: my dad’s a pilot and the joke between him and his friends was that since McCain had crashed 5 planes he was a “reverse ace”

 

[Mr.BR]

Charlie knew they have an admiral son and you can be 100% sure he had a much easier ride than 99% of the aviators captured and when it comes to accounts of the political elite 'heroics', they have to taken with a considerable amount of salt as they are first and foremost meant to launch political careers not necessarily by telling the truth.

 

[stilesg57]

Charlie knew they have an admiral son and you can be 100% sure he had a much easier ride than 99% of the aviators captured and when it comes to accounts of the political elite 'heroics', they have to taken with a considerable amount of salt as they are first and foremost meant to launch political careers not necessarily by telling the truth.

NOT TRUE, and I actually have that from a first person source: my first boss out of college, Jim Warner, was in the Hanoi Hilton with McCain. He said they almost killed him upon capture, found out he was an admiral's kid and then tried to ply him with better treatment, then treated him worst than most after he didn't give in to that. Jim did not care for most of McCain's political career and positions (up through '07 anyway, I changed jobs and lost touch after that) and didn't support him in the '08 R primary, but he definitely respected the man as a fellow POW.

Be very careful discounting any POW's sacrifices. It almost never comes off well.

 

[W54/XM-388]

Wasn't there something about somebody fat fingering the controls of the rocket launchers.......

 

[hlee]

Well, I do think there should probably be a difference in income and capital gains taxes. It does stick in my craw some that I pay income tax on my earnings, then when I put those earnings to work as investments, my gains are taxed again. I understand the need for some tax, but capital gains shouldn't be taxed the same as income tax. That money was taxed once already.

You do realize that you only pay taxes on the difference between the buy price and the sell price, or your “capital gain,” correct? If you put $1000 and sell for $1000, you don’t pay any taxes. If you sell for $1100, you pay taxes on $100. THAT money has not been taxed.

 

[Snipe260]

Where's my fucking check?

It’s on the way! Covid slowing everything down!

 

[Downtown]

Yes, I understand how it works. I'm not really paying tax on the exact same dollar. I just feel that if I take those dollars I've labored for and put them to work in the economy, investments that can benefit our capital system but involve risk on my part, there's nothing wrong with getting a break on those earnings. Lower rates on capital gains encourages saving and investing, which is how capitalism works to all our benefit.