Ok, then name one. What republican state has bankrupted itself to the point it needs a bailout like California, New York, and New Jersey?Well that’s a different argument. But it’s not like the republicans don’t do the same thing.
Ok, then name one. What republican state has bankrupted itself to the point it needs a bailout like California, New York, and New Jersey?Well that’s a different argument. But it’s not like the republicans don’t do the same thing.
Ok, then name one. What republican state has bankrupted itself to the point it needs a bailout like California, New York, and New Jersey?
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.When you lose money, you save money on your taxes so the government shares the loss as well.
Absolutely, Republicans and Democrats alike - using credit to pay credit.Well that’s a different argument. But it’s not like the republicans don’t do the same thing.
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?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.
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.
Uh...you really are offbase. The blue states pay in and the red states take. LolThe government simply prints more money, and will need to print a lot more to accomodate the "needs" of the Demturd controlled blue states.
States don't pay taxes. Only people and corporations pay taxes.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.
States don't pay taxes. Only people and corporations pay taxes.
Exactly.Yeah if you take the returns quickly its pretty brutal
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.It is likely you will have some capital losses you can claim soon.
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?Crazy those people usually live in states and corporations operate within them.
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.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?
When you lose money, you save money on your taxes so the government shares the loss as well.
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?
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.If you’re making $530,000+ a year you look silly complaining about a 37% tax rate.
37.5 % is ridiculous no matter how you slice it. And that is only INCOME tax. That does not include property tax, sales tax, excise tax(which is a substantial tax that nobody knows about because it is hidden), motor vehicle fees, gas tax, etc. Someone in the top tax bracket pays well over 50% of their income in taxes. That is outrageous.
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?
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.Damn, figured out the secret to trading this past year and made a substantial amount. I knew I was going to be hit hard on taxes.....but DAMN!! Bummer
Unless you are already in one of the top brackets.It’s just your normal tax rate so it’s not like it’s an overwhelming amount.
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.When you lose money, you save money on your taxes so the government shares the loss as 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.If you’re making $530,000+ a year you look silly complaining about a 37% tax rate.
Welcome to the board Bernie! Didn’t know you were a member. 😀You have to fund society somehow. If you’re making more than half a million a year you can afford to contribute.
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.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.
Look up the historic tax rates of America.
Better yet, past civilizations like what they had in Greece.
I'll hang up and listen.
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?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.
Semantics??? It's a simple question. Either answer it or admit that you can't. No Semantics.lol at being an adult and trying to make an argument of semantics.
Civilizations that failed?
I think it’s more likely the criminals on the left will cut social security payments to hard working people who saved for retirement unfortunately.
Are you trolling? Almost all republican states rely on more federal funding than they actually pay in federal taxes.
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.If you’re making $530,000+ a year you look silly complaining about a 37% tax rate.
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.
Thank you Professor BackwardsUh...you really are offbase. The blue states pay in and the red states take. Lol
If you’re making $530,000+ a year you look silly complaining about a 37% tax rate.
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...
Exactly. You want OTHER people’s money.burn. You really got me that i'm not one of the less than 1% of people who makes that level of income.