Ok, then name one. What republican state has bankrupted itself to the point it needs a bailout like California, New York, and New Jersey?
Death and taxes(stocks)
- Thread starter cocean
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Are you trolling? Almost all republican states rely on more federal funding than they actually pay in federal taxes.
no money comes out of the government's coffers. They just don't get to take more of your money. They take no risk when you inest your money.
This is the same as AOC saying NYC should take Amazon's money and invest in the city.
Absolutely, Republicans and Democrats alike - using credit to pay credit.
That would be a physical impossibility. If that were true, how does the Federal Gov't pay over $600 billion for the military? How does it fund the the other depts such as Justice, State, Interior, Education, HHS, etc?
Again, name one republican controlled state that is seeking a bailout from the Fed Gov't like NY and California.
States like NY and California pay more into federal taxes than they actually receive back, unlike your republican states. That's how it's possible.
Uh...you really are offbase. The blue states pay in and the red states take. Lol
Crazy those people usually live in states and corporations operate within them.
With the access that all folks have to their stocks, mutuals, etc. it is really irresponsible for someone to lose any large amounts of money in the market outside of picking bad stock. It is highly unlikely the market will drop 20% in a single day unless we get attacked or do the attacking. Still, you have the ability to trade your own investments on a pad or phone all session long. YOU just need to watch the market to prevent.
But you said states pay taxes. They don't. You also have failed to name a single republican state that is seeking federal bailout money due to the irresponsible management of its funds. Maybe that is because you can't?
In a sense, you're both right. Many blue states currently pay in more to the federal government than they receive back in benefits. However, that could very well change in the near future due to mismanagement of big cities in blue states during the Covid crisis.
Just do as I do, and lay up your treasures in heaven. There’s no tax man their.
When you work hard enough to make half a million dollars, the last thing you want to do is give half of it away to a wasteful government.
Look up the historic tax rates of America.
Better yet, past civilizations like what they had in Greece.
I'll hang up and listen.
Better yet, past civilizations like what they had in Greece.
I'll hang up and listen.
Think of the chronic situation, not acute pandemic times (bad for every place)
Kentucky has a high % of people who take benefits from the gubment EVERY YEAR. What is their economy? Chicken, booze and baseball bats?
California has a bigger GDP than INDIA! These "Democrat" places create the jobs and run our nation. We would be much less without them. Just like 1860.
Kentucky has a high % of people who take benefits from the gubment EVERY YEAR. What is their economy? Chicken, booze and baseball bats?
California has a bigger GDP than INDIA! These "Democrat" places create the jobs and run our nation. We would be much less without them. Just like 1860.
Ahhhhh, must have found out how short term capitals gains work. Just wait as taxes go up. I’m sure long term will get unfavorably adjusted.
Bad math brother. If you lose, the government doesn't lose anything - they just don’t tax a negative amount (at least not yet). Only the government (and others) can think the governments loses money when they can’t tax one more.
There are some very crafty ways of making tax free dollars. Cash out re fis are one that works well.
That isn’t true.....unless you‘re a socialist or communist. Just because you EARN more doesn’t mean you should be penalized. Why not a “flat tax” rate for everyone? Then, one is taxed equal to their own contribution - providing overall equality.
Welcome to the board Bernie! Didn’t know you were a member. 😀
Big isn’t better. California is a dis functional government right now and has gone beyond the tipping point. That is why that State (and others) are now in a position of more people leaving their State than receiving.
Personally, I like the State of California (born there). It is a great place to visit. To live there, chaotic at best if you are a worker or business owner.
Flat tax is equitable. Higher income producers still pay more $ and still produce more federal revenue. Progressive taxes discourage productivity and innovation. Also everyone, everyone needs to pay something to have skin in the game.
The top 1 percent paid a greater share of individual income taxes (38.5 percent) than the bottom 90 percent combined (29.9 percent). The top 1 percent of taxpayers paid a 26.8 percent average individual income tax rate, which is more than six times higher than taxpayers in the bottom 50 percent (4.0 percent).Feb 25, 2020
The top 1 percent paid a greater share of individual income taxes (38.5 percent) than the bottom 90 percent combined (29.9 percent). The top 1 percent of taxpayers paid a 26.8 percent average individual income tax rate, which is more than six times higher than taxpayers in the bottom 50 percent (4.0 percent).Feb 25, 2020
California also has crushing debt, a bankrupt pension plan, and some of the highest taxes in the country. Wonder why Elon Musk along with hundreds of thousands of other people and businesses are leaving?
Semantics??? It's a simple question. Either answer it or admit that you can't. No Semantics.
It isn't Republicans that are the drag on the state economy in red states. Blue states generate more revenue because they typically have very large cities with some very high earners who are paying very high taxes to somewhat offset the drag.
Where is the cut-off between those who can legitimately complain about taxes and those who can't and who gets to decide where that is? I don't make $530,000 a year, but if I ever do, I suspect I'll hate paying taxes as much as I did when I made $53,000 per year.
Shocker that areas with big cities vote for Democrats while generating the wealth.
Says the person NOT making $530,000 +.
If you did, you would NOT be happy giving up $196,100 + to the federal govt.
And then throw in the 7% for SC state taxes = $37,100 and that comes to $233,200 out of your $530,000 leaving you a net of $296,800.
Yeah, if YOU are happy with those numbers, that just shows you aren't making the big bucks...
burn. You really got me that i'm not one of the less than 1% of people who makes that level of income.
Exactly. You want OTHER people’s money.
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