From the Star Ledger:
Ivanka in Bayville: Tax reform will be the law of unintended consequences
During his brief speech, Treasury Secretary Mnuchin said that there will be winners and losers in New Jersey under the tax-reform plans.
“For people who make a million dollars in high-tax states, there will be a tax increase,” he said. “But as the president says, he’s willing to have his taxes go up to do the right thing.”
Good for him, but the more I study these competing packages, the worse it looks for Jersey.
If governor-elect Phil Murphy gets his wish and brings back a top tax rate of 10.75 percent, taxpayers in that bracket will no longer be able to deduct it from their federal taxes. That means they could pay a marginal tax rate of more than 50 cents on the dollar.
That’s a big luxury tax for living in New Jersey. Who’s going to be left to pay the taxes and mortgages of all those first homes in places like Summit and Essex Fells and second homes in places like Lavallette and Long Beach Island?
But the plan looks great for lower-costs states like Pennsylvania and North Carolina, where that $24,400 standard deduction likely exceeds the deductions of all but a few taxpayers.
Perhaps you can’t always get what you want.
But if this package goes through, I predict a lot of Jerseyans will find they need a house on the Outer Banks.
Frisr
Fake News?
https://twitter.com/ThomasWictor/status/930341846135422976
Original Tweet from CNN
https://twitter.com/CNN/status/930205088299257859
Let’s say the blue and black ink are just an anomaly. Maybe bad lighting. Is it normal to write in cursive then suddenly switch to print?
@HoarseWisperer
If Hannity doesn’t tell his viewers to get out of the car before sending it over a cliff, the inevitable Volvo boycott could cost him some viewers.
D-fens,
My 9 year old does that all the time
@joncoopertweets
UPDATE: At least 10 companies have now announced that they’ve pulled their ads from @seanhannity’s show, after he defended Roy Moore:
Keurig
E*Trade
Realtor.com
Eloquii
23andme
Nature’s Bounty
Hebrew National
Volvo
Reddi-wip
Marie Callender’s
#FireHannity
Exactly why there is no such thing as consent when you are talking about capital hill and Washington politics.
http://www.cnn.com/2017/11/14/politics/sexual-harassment-congress/index.html
If Media Matters doesn’t tell puzzies what to think each day they’ll just watch Judge Judy all day. OK, they’ll watch Judge Judy anyway, they’ll just be familiar with the talking points.
From Nov 10 Comments
“What nobody talks about is elimination of Personal tax exemption. That is $4,050 each person. A family of four that is on the 25% AGI bracket is claiming $16,200 in exemption plus a standard deduction of $12,400 for a couple that equals to $28,600. Under the proposal , the tax bracket will remain the same,most will not be able to itemized and will be on the standard deduction of $24,800. That is $3,800 more in taxes we will be paying. While the Joblow will be enjoying his tax cuts.that is $3,800 more in taxable income. Will be less in taxed paid”
But when you add $7,000 in State income tax that will not be deductible,my Federal tax will be going up. $7,000+$3,800=$10,800 at 25% is equal to $2,700 more in Federal Tax I need to pay. ”
Since,the increase in Standard Deduction of $12,400 is switch with a loss of $16,200 in Exemption an addition of $3,800 in Taxable income. I will be FORCED to take the Standard Deduction. ALL PROPERTY TAX AND OTHER PREVIOUS DEDUCTIONS WILL BE TAXABLE INCOME. $7,000 in State income Tax+ $3,800 on Difference in Exemption + $8,500 Property Tax + $6,000 Mortgage Interest= $25,300 In additional Taxable income equal to $6,325 in ADDITIONAL Federal Tax.
Add $9,000 Second home Property Tax,Wife’s deduction in Uniform,Continuing Education,Journals etc. I am SCREWED
EVERYONE BLUE OR RED WILL BE PAYING MORE IN TAXES THAT ARE IN THE 25% BRACKET. Since taking $24,800 Standard Deduction will make State Income Tax, Property Tax,Mortgage Interest (Even if they make this deductible most will not make it enough to cross the Standard Deduction) and other Deductions Taxable Income
EVERYONE BLUE OR RED WILL BE PAYING MORE IN TAXES THAT ARE IN THE 25% BRACKET. Since taking $24,800 Standard Deduction will make State Income Tax, Property Tax,Mortgage Interest (Even if they make this deductible most will not make it enough to cross the Standard Deduction) and other Deductions Taxable Income
Yome,
Preach! Conservatives can talk about all this “fake news” crap, but the real fake news is how hard this is going to hit some individual families that are living pay check to pay check. No one is talking about that. They act like this will be a small increase for some, when in reality, they are getting knocked out. How can you cry about 12,000 a year property taxes, and at the same time support this tax reform that will increase some people’s tax bill by 12,000 in one got damn year. That’s crazy. I can’t believe republicans support this high of a tax increase in a single year. Talk about taking the rug out from someone’s feet. Wrong in every way possible.
The ole tickler handshake in the Senate?
I always heard it was a gay thing?
From the CNN Congress Sexual Harassment “investigation”
“When she leaned in to shake that senator’s hand, he stroked the inside of her palm “in a really gross, suggestive way” — a gesture that was completely invisible to her boss. The ex-staffer said she was rattled and “felt very yucky.” She was also shaken by how brazen the senator was to do this with his colleague standing right next to them.”
Grim and I am sure democrats as well as republicans engage in this behavior. It’s disgusting.
When you take standard deduction all previous deductions becomes taxable income
Not sure which is funnier— republicans defending trickle down, or pedophelia.
Yome – you’re not even mentioning the medical deduction, which I’ve been reading might be eliminated.
Those who have to pay fully for their health insurance on their own (at least $1000. per month for a couple) – which is all contract workers, etc – will lose this deduction. Then add in doctor visits, medicines, etc – and the typical annual deduction is easily at least $15000.
But it’ll be far, far worse for those with a chronic illness or health emergency.
Or Dems engaging in both?
Not sure which is funnier— republicans defending trickle down, or pedophelia.
What a messed up society we live in. The people who are supposed to be the biggest role models are the biggest scumbags. Guess this what happens when a good portion of the population ignores “grab them by the puzzy” and still elects the guy to be our national leader. No wonder, they are prob doing it themselves. These voters are the same hypocrites that tried to get Clinton impeached, meanwhile, this behavior seems to be the norm. For god’s sake, George w Bush grabbed a 16 year old’s a$$ while taking a picture. Wtf is going on? Almost every male in a position of power is a sexual predator. Across all industries. Weinstein and Crosby really opened the door to how messed up this world really is. It’s only now that individuals feel like it’s safe to talk about.
Although replublicans defending nazis—also hilarious.
Or maybe the funniest thing are the right-tards who post here who unquestioningly align themselves with the idiots who support trickle down, r@pists, and white supremacists and still consider themselves brilliant, moral specimens of humanity.
pumpkin, if you haven’t figured it out yet many people who have elevated to that kind of level of power and success are absolute sociopaths……What you are seeing/hearing about isn’t even the worst they have done. Some good portion of the rich obtained their money in ways that are decidedly unethical, criminal at worst.
Except for this blog. I have not heard anyone comment on this so called tax reform. It’s like no one is even paying attention. I guess they will when it passes.
Ottoman the Democrats you love are just as bad. They are all bad. You are blind if you can’t see that.
Amen.
3b says:
November 14, 2017 at 10:29 am
Ottoman the Democrats you love are just as bad. They are all bad. You are blind if you can’t see that.
3b, I think that is the sentiment here exactly. That is the problem I have with people who are hardcore Democrats. I just came back from my Father-in law who is decidedly a leftist democrat supporter. They talk angrily about all of the conservatives, republicans and Trump, but not a peep about corrupt progressives, no comment on Menendez and an absolute dismissal of the Donna Brazil revelations about the Clintons as being motivated by the desire to sell books. Reprehensible is the only word to describe out political class and totally rotten to the core. Meanwhile he complains about the republican Governor of his state who seems to actually be doing an excellent job as the state is recovering economically and the states finance are improving without a tax increase. Coincidentally his state has a flat tax and provides school aid evenly among all districts so his property taxes are relatively low despite the schools providing a good education. It kills me when people espouse certain policies without realizing what it would actually do to them. Many lower income republicans have the same problem.
Ottoman,
Don’t be so angry, we’ll still support you and your ilk. You won’t go hungry despite repeatedly lashing out on your providers.
It makes me sick. The general population is truly ignorant. That’s why blogs do not represent the general population. The participants are usually highly educated(speaking about academic based blogs) and some of the smartest individuals out there. Most of the general population thinks reading and participating in blogs is a waste of time. They don’t have the mental capacity it takes to read and read and read on subjects like economics. Hence, why would they care about this tax reform till it hits them directly in the pocket. By then, it is too late you ignorant fools.
Just like elected officials…all complain, only a few vote. You want to take out the establishment? You don’t vote in a greedy con like Trump. You all vote for one of the independents. Don’t tell me your vote doesn’t matter, that you can’t do anything. It idiots like this that render the process meaningless. So if everyone is mad at the establishment, get together and pick an independent…then go vote for this individual. It’s not rocket science. You don’t have to vote republican or democrat.
3b says:
November 14, 2017 at 10:28 am
Except for this blog. I have not heard anyone comment on this so called tax reform. It’s like no one is even paying attention. I guess they will when it passes.
You are so right. Don’t know how I lose sight of that. It’s crazy that we make these people our leaders, and worse, our heroes.
That’s the part Ayn Rand misses in her extremism…..majority of top capitalists did it in a sleazy way. They didn’t get there on honest hard work. Did it by screwing over people big time.
JCer says:
November 14, 2017 at 10:27 am
pumpkin, if you haven’t figured it out yet many people who have elevated to that kind of level of power and success are absolute sociopaths……What you are seeing/hearing about isn’t even the worst they have done. Some good portion of the rich obtained their money in ways that are decidedly unethical, criminal at worst.
Jcer so true. I don’t belong to either party. I am an independent always have been. My biggest complaint is with the so called Liberal progressive democrats because they claim to be different morally and ethically superior they are anything but. The republicans conservatives do something they howl with outrage! Their side does something it’s either different,no,big deal, or explained away in some tortuous manner. Comey is a villain then a hero,then a villain back and forth. Donna Brazille a hero now she is just trying to sell books they can’t even entertain the possibility that what she says is true. Grab email by the puzz is just so much easier. All the big wig Hollywood players silence from my left wing friends and family unless of course it was Clint Eastwood. Now the revelations from Washington if it’s a republican howl with rage, a democrat say nothing. They suffer from a huge disconnect.
🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃
🎃 ………………………………………………………🎃
🎃……….Smartest HS Dropout………….🎃
🎃……….Awarded to Pumpkin………….🎃
🎃……….By Pumpkin………………………….🎃
🎃……….Awarded this fine day………….🎃
🎃……….in my own mind…………………..🎃
🎃 ………………………………………………………🎃
🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃
Welcome to BBS ANSI art circa 1991.
^^^^pre-unicode
Biden says the guy who shot the Texas Church shooter should not have been carrying a gun.
http://www.dailywire.com/news/23528/watch-joe-biden-says-man-who-stopped-texas-church-ryan-saavedra#
Former Vice President Joe Biden appeared on NBC’s “Today” on Monday where he stated that the hero who shot the Texas church gunman should not have had the weapon he used to stop the murder spree.
Biden’s remark came as a response to a question from someone in the audience who asked him to justify the Democrat’s call for more gun control — even though the shooter was stopped by a good guy with a gun.
“Well, first of all, the kind of gun being carried he shouldn’t be carrying,” Biden said. “Assault weapons are . . . I wrote the last serious gun control law that was written and was law for 10 years, and it outlawed assault weapons and it outlawed weapons with magazines that had a whole lot of bullets and so you can kill a whole lot of people a lot more quickly.”
Isn’t it ironic the amount of effort and programming invested over the last several decades, developing wonderful GUIs, point and click, etc. The end result? Users now prefer their favorite interface is to type single characters with their thumbs. I’m pretty sure that office keyboards will soon be designed for thumb-only operation.
Welcome to BBS ANSI art circa 1991.
Hah! 9;38, Otto
Paul Krugman did not mince words on NPR this morning.
I wonder if there was a lot of guys getting off on surprising women with their fishing poles (master-baiters) prior to the prevalence of p0rn?
Speaking of p0rn, when did spitting become an important element of the art?
I never thought of this before:
Pursuant to requirements of the International Civil Aviation Organization (ICAO), ATC operations are conducted either in the English language or the language used by the station on the ground. In practice, the native language for a region is normally used; however, the English language must be used upon request.
So does every pilot, co-pilot and air traffic controller have to know English?
BTW, remember when there used to be a pilot, co-pilot, AND navigator in each
cockpitflight deck?Pumpkin
In addition to smarter and educated, everyone here is also good looking, a superior driver, smoking hot spouse , and our kids are brilliant and athletic
1.3 trillion dollars taken from only 44 million people. Think of the economic harm this will do to the most productive segments of our economy. That’s an insane amount of money to take out and redistribute.
“Both plans eliminate the deduction for state and local taxes. That would hurt 44 million people, primarily residents in high-tax states like California and New York. It would add $1.3 trillion to federal revenues. “
Goodell is looking for $50 million per year plus lifetime use of a private jet?
Pumps – So what if you don’t have any of those? If we all multiply our property taxes by the speed limit on our street, you are the leader of us all ….BY A LANDSLIDE!!!!!!!!!!!!!!!!!!!
HAHAHAHAHAAHAHAHAHHAHAAHAHA
In addition to smarter and educated, everyone here is also good looking, a superior driver, smoking hot spouse , and our kids are brilliant and athletic
Pursuant to requirements of the International Civil Aviation Organization (ICAO), ATC operations are conducted either in the English language or the language used by the station on the ground. In practice, the native language for a region is normally used; however, the English language must be used upon request.
So does every pilot, co-pilot and air traffic controller have to know English?
BTW, remember when there used to be a pilot, co-pilot, AND navigator in each
c0ckpitflight deck?Here he comes
Here comes Speed Pumper
He’s a demon on wheels
He’s a demon and he’s gonna be chasin’ after ‘flation.
He’s gainin’ on you so you better look around, you betta
He’s busy revvin’ up the powerful VW Jetta
And when the odds are against him
And there’s dangerous work to do
You bet your life Speed Pumper
Will see it through.
Go Speed Pumper
Go Speed Pumper
Go Speed Pumper, Go!
He’s off and flyin’ as he guns the car around his block
He’s jammin’ down the pedal like he loves bein’ in so much hock
Adventure’s waitin’ just ahead.
Go Speed Pumper
Go Speed Pumper
Go Speed Pumper, Go!
Fast Eddie,
“Don’t be so angry, we’ll still support you and your ilk. ”
You’re a lot more generous than I am. Otto should be used for fertilizer.
^^^If you’re over 45 and you didn’t sing it…you’re lying.
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U+1F54x 🕉️ 🕊️ 🕋 🕌 🕍 🕎
All the roadkill you can find in front of the Pump Estate:
🐀 🐁 🐂 🐃 🐄 🐅 🐆 🐇 🐈 🐉 🐊 🐋 🐌 🐍 🐎 🐏
🐐 🐑 🐒 🐓 🐔 🐕 🐖 🐗 🐘 🐙 🐚 🐛 🐜 🐝 🐞 🐟
🐠 🐡 🐢 🐣 🐤 🐥 🐦 🐧 🐨 🐩 🐪 🐫 🐬 🐭 🐮 🐯
🐰 🐱 🐲 🐳 🐴 🐵 🐶 🐷 🐸 🐹 🐺 🐻 🐼 🐽 🐾 🐿️
SMGDH
“Responses to this week’s CNBC All-America Economic Survey suggested that voters lean slightly toward the belief that their taxes will go up under the new plan. CNBC ran two additional surveys that confirmed that belief but found more details and nuance in Americans’ understanding of taxes and the framework’s effects.
Most people don’t even know what they’re paying in taxes in the first place. And if you ask them to guess their tax bracket, their answer doesn’t match up with reality. Even more strange, our polls found that a lot of people say they haven’t heard of the new tax plan or its details but assume it will hurt them anyway. . . .”
CNBC is part of NBC and NBC polls had Hillary winning by 10+ points one week out.
At least 3 dead in California school shooting, shooter killed by police
http://www.wdsu.com/article/california-shooting/13601759
PUMPS
“1.3 trillion dollars taken from only 44 million people. Think of the economic harm this will do to the most productive segments of our economy. That’s an insane amount of money to take out and redistribute.”
And yet, the dems wanted to do exactly that, just not through eliminating deductions.
Are you in the AMT? Which is also going away…….also there is a 10% write off of AGI…… so depending on your situation, you are either helped by the increased standard deduction or else caught in the AMT……I am not disagreeing with you, just introducing mitigating factors.
Sima says:
November 14, 2017 at 9:54 am
Yome – you’re not even mentioning the medical deduction, which I’ve been reading might be eliminated.
Those who have to pay fully for their health insurance on their own (at least $1000. per month for a couple) – which is all contract workers, etc – will lose this deduction. Then add in doctor visits, medicines, etc – and the typical annual deduction is easily at least $15000.
But it’ll be far, far worse for those with a chronic illness or health emergency.
Comrad same thing with the mortgage interest deduction and property tax. They don’t have a clue that only a portion of that is written off.
@MichaelSLinden
YOUR EDUCATION
Students lose help paying off their loans.
Teachers can’t deduct the cost of buying classroom supplies.
Grad students get taxed on their scholarships.
GOP budget includes massive cuts to funding for Head Start, Pell Grants & everything in between. 4/
@MichaelSLinden
YOUR HEALTHCARE
Health care costs will skyrocket. Families won’t be able to get a deduction for large out-of-pocket medical expenses.
The GOP budget includes giant cuts to Medicaid & Medicare.
AND they are considering repealing a key part of the ACA as part of the tax bill. 3/
@MichaelSLinden
YOUR COMMUNITY
There will be cuts to firefighters, schools, roads and libraries in your town and state. That’s because the GOP plan eliminates the deduction for local taxes, making it harder to fund these vital services. 9/
Did I miss an ongoing campaign to make state sales taxes deductible from federal income taxes during the past decade?
I don’t like this tax bill, but the hypocrisy is palpable.
Nobody was crying for me when Obama’s tax hikes f’d me over. I guess the government is “asking you to pay your fair share” now. Ready to throw a tea party yet?
No One,
If you live in a state that doesn’t have state income tax, you can deduct sales tax off your federal tax return. The IRS even supplies a table to use based on your household income. Of course if you buy a car or boat or something expensive that year the tax table is way too low.
House proposal
https://www.nytimes.com/interactive/2017/09/27/us/politics/six-charts-to-explain-the-republican-tax-plan.html
Incomes above $90,000 to $156,150 will remain in the 25% bracket. This are screwed. Below $90,000 will go to 12% bracket. People making $156,150 to $237,950 before wil go to 25% from 28%
Is it fair to put the cost of almost the entire tax cut on the backs of 44 million Americans who don’t even come close to being the wealthiest? Even worse, then take this money and give majority of it to wealthiest?
We get double wacked, higher rates and a loss of deductions, tax reform that is really a tax increase on the professional class/upper-middle class, the rich get a tax break. Tell me again how this makes sense. To pumps point most people getting the tax increase will just spend less and if they received a tax break would spend more, the unintended consequence is very high earners/heirs hording more money…..
re: the unintended consequence?
The Dems should have run Bernie. Elections have consequences.
juice that’s the flaw with supply side. I know people who have 300M and honestly they do not spend any more than those with 30M who only spend marginally more than those earning between 750k-1m. So putting an extra million in their pocket does nothing to stimulate demand in the economy as population growth in first world countries slow.
Jcer,
I bet it triggers a recession. Those in the 90-156k cohort will cut back on eating out, cheaper vacations, cut cable at a faster rate, do their own lawn work, keep cars a few years longer,
Bernie would have beaten Trump. Any other Republican would have beaten Hillary worse.
The Dems should have run Bernie. Elections have consequences.
$260,000 to $424,950 are going up from 33% before to 35% . Some High Earners here,brackets are going up add elimination of Deductions. This will hurt
Can’t get over the Keebler Elf Sessions’ southern twang.
re: “cut back on eating out, cheaper vacations, cut cable at a faster rate, do their own lawn work, keep cars a few years longer”
Have you been paying attention? History Rhymes. Vacation on the house?
People have lots of credit still and this cow is far far from being milked, the stories of excessive spending are only just starting to roll in.
The very last sentence is the best part.
Consumer Product Recall (jj Edition):
S5x toy fans who purchased a v!brator were horrified to discover their intimate sessions were secretly recorded on an app that comes with the toy.
Lovense, the Hong Kong company behind the v!brator, reported a “minor software bug” after users discovered its remote-controlled v!brator app recorded sound files and stored them on phones each time the toy was on.
With this bug, the cache file was stored on the user’s device until the next session, which overwrites the previous cache file.
A customer revealed the issue on Reddit, insisting they never wanted their “entire sessions” recorded in the first place.
The user, called tydoctor, wrote: “The Lovense remote control v!brator app… seems to be recording while the v!brator is on.”
They added: “I was going through my phone media to prepare it for a factory reset and came across a .3gp file named ‘tempSoundPlay.3gp’ in the folder for the app.
“The file was a full audio recording 6 minutes long of the last time I had used the app to control my [partner’s] remote control v!brator.”
In a bid to calm the horrified user, Lovense replied on Reddit saying: “Your concern is completely understandable.”
It added, “… rest assured, no information or data is sent to our servers. This cache file currently remains on you phone instead of deleting itself once your session is finished.”
A company representative told The Verge that the bug has been fixed and the cache file will be eventually deleted.
The s5x toy manufacturer’s blunder comes weeks after security researchers reported their butt plug was not safe.
Penetration testers claimed they were able to hack into the Lovense Hush.
Bingo!!
I’m telling you, this is nothing but a power grab. Once you hit numbers like 100 million, more money only means more power. You can’t spend it, unless you spend it on bs and that gets old real fast. What doesn’t get old is the power that comes with wealth accumulation. A license to do whatever you want to someone. (Look at all these sexual predators in the ranks of the rich and powerful….says it all.). Why else would you need 500 million or a billion dollars….lust for the power and respect that comes with it. It cements your position to god amongst man. And that’s the damn truth, folks. If you think they are going just create jobs with this extra cash, you are nuts. They would be doing it already, but they are not. What are they good at? Accumulating more money in their lust for power.
Btw, the good ones in the elite ranks that are not consumed with a lust for power are sending letters to congress asking to be taxed more instead of a tax cut. They are down to earth people that know they don’t need a tax cut….they have more than enough money already.
JCer says:
November 14, 2017 at 3:51 pm
juice that’s the flaw with supply side. I know people who have 300M and honestly they do not spend any more than those with 30M who only spend marginally more than those earning between 750k-1m. So putting an extra million in their pocket does nothing to stimulate demand in the economy as population growth in first world countries slow.
Chifi
Penetration testers. Lmao
JJ that’s just it, if my real income at the end of the day goes down my spending on eating out, vacations, fancy wine/liquour/groceries, kids toys and activities, etc will go down to make up some of the difference. I have a lot of discretionary spending that can be reduced and if other people are like minded the businesses I frequent will suffer as a result of the tax reform. Juice it’s a bit different as people tend to be more skittish when less money comes in, we are setting up for recession as people see the good times and leverage to buy what they want based on their current income stream. you probably need to be well over 300k probably to avoid a pullback in consumption.
Judge must be keeping the jurors late this time for the Menendez trial deliberations…
Juice nobody is going to cut back period with this tax reform. Those people with lawn service and house cleaners suddenly do it themselves? Not happening. There isn’t a peep of protest about this tax reform that I hear or see. No talk on how this limit on property taxes might affect prices no talk on losing deductions etc. it’s like it’s not evening happening.
That Times article is a favorite. Have it bookmarked, I like graphs.
So easy to explain….
The first graph – deductions by income group – shows very clearly this is a middle class cut. The vast majority of taxpayers show $75k or less of income. Their bars are dark pink, nearly all of them taking the standard deduction. They will continue to do so and their situation will be a push or positive, depending on their own exact details.
When you look, the bars only become equally dark/light pink at the higher income levels. The majority of these filers, earning $75-100k or higher, itemize. They are the ones that *may* be whacked, as they should. They are the wealthiest, and that’s where the money is.
The people that are really screwed are the ones in light pink to the far right on the first graph who also live in the blue boxes on the far right of the next chart (SALT deduction by state).
They are getting hit the worst – however – it is a relatively small group at the highest end of the income spectrum in a few of the States.
That is why you are not hearing any huge outcry outside of the demographic on this board in NJ. It just doesn’t affect that many people that materially.
If you are far right blue box and light pink, yeah, you’re screwed.
grim – have you tried these to replace your under cab xenons? They say they are not dimmable, but they kind of are, except they seem to support only two brightness levels, full and half. At 2W each, who cares?
We had two under cab xenons out around the kitchen but we have two more we leave on almost every evening from dark until midnight(either side of the fridge on mini counters) so I thought I would try a pair. I’m quite pleased. They are just a fraction whiter than the xenons. I think I paid $6 or $7 each, not $8.
Link: https://www.homedepot.com/p/Feit-Electric-20W-Equivalent-Warm-White-Wedge-LED-G8-2-Pin-Base-Light-Bulb-G8-LED/207018099
Finally a man worthy of being NJ Governor…..
http://nypost.com/2017/11/14/dui-lawyer-is-busted-for-drugs-after-barging-into-strangers-home-in-high-heels-no-pants/
https://www.youtube.com/watch?v=s0MnwFtU7NY
chifi – I still haven’t wiped all the tears of laughter from eyes, even after reading that story to my wife and sending it to several people. THANKS!
That story portrays NJ almost as well as A Confederacy of Dunces portrays New Orleans.
Finally a man worthy of being NJ Governor…..
http://nypost.com/2017/11/14/dui-lawyer-is-busted-for-drugs-after-barging-into-strangers-home-in-high-heels-no-pants/
If liberals had their way and only criminals had guns, I wonder what they’d go after next? Coal or Free Speech?
3b
“The republicans conservatives do something they howl with outrage! “
Here’s my problem with you stance. If they are howling with outrage at the Republican, is that not justified, if the allegation warrants it.
Your argument that “you were never outraged at Bill Clinton” means that you have just committed the very crime you accuse them of. Your deflection back to Bill means you side step and keep silent on the issue at hand.
Two wrongs don’t make a right. One sides silence on an issue should not negate the argument with the issue on the other side.
Every issue on its own merit.
“If liberals had their way and only criminals had guns”
Then I’m all for a policy of STKHSO. Did you see that piece I posted on Japanese Gun Control?
““Don’t be so angry, we’ll still support you and your ilk. ””
The funny part is that I suspect you are in the sweet spot to bear the brunt of this tax policy.
Cops can’t even hit center mass.
Two Interesting pieces on the Sessions testimony.
On his memory, it only seems to get jolted by pieces in the Press.
“to the best of my recollection ”
On Clinton, there is not enough there to go after!
“Jordan then brought up the dossier and a series of alleged misdeeds by the Democrats, but Sessions again pushed back:
Sessions: “And I would say: ‘Looks like’ is not enough basis to appoint a special counsel.”
http://www.cnn.com/2017/11/14/politics/jeff-sessions-house-hearing-lines/index.html
Gluteus- I bet if you were in front of the Senate and were asked about the legion of your supercilious statements posted here, you would easily be caught not remembering. Easily. Now imagine someone who has as many meetings a day as you have sh!t posts…
Fab you take every reasonable comment I make And turn it into unrecognizable b.s. sexual harrsment is wrong period. You say every issue on its own merit. So I ask which is worse the creepy senator hitting on a young intern or what Clinton did? Of course you slyly insert every issue on its own merit because of your b.s. comment it was consensual. Absolutely pathetic.
ExPat,
Here is where that does not hold water for me. In all of this we get from everyone “There was no collusion!” “There was no contact with Russia”
As the Investigate Reporters start digging, and it starts coming to light, it suddenly changes to, “Except for that one, and now I remember that one.”
Now in some ways I can give Donnie Jr and co a pass that I can’t give Sessions. Apart from the view that DJR seems to be dumb as rocks and can’t keep his mouth shut, he is not a lawyer. He had no idea this was not allowed. He was making hay with the dirt he was served.
Now we have pictures and testimony of Sessions sitting in the meetings with George P. The moment a trip to Russia came up, alarm bells would have been ringing with him. He knows it’s not allowed. He keeps using “I Don’t Recall” up to the point it is no longer plausibly deniable as each story breaks in the news.
3B
“sexual harrsment is wrong period.” No argument from me there.
Here’s what you can’t say. You can’t say I kept quiet on Bill. I have stated my position over and over. You may not agree with it, but can’t say I am not clear on where I stand.
I view Bill and Monica as consensual, that’s my postilion. I had a discussion with Grim on whether a relationship between a boss and a subordinate can be consensual. I view it can be and law and HR policies back that view. When you as “Is it appropriate?” then you move from the legal to the moral judgement? My ex boss in his late 50s is dating a 23yo Brazillian model. Is it appropriate? Is it any of my business?
Here are some differences with Bill.
With Roy its simple. 14 vs 19! If you don’t see that difference, you have bigger issues. We now see the latest defense of Roy. She was 16 and that’s the age of consent in AL. The victim blaming will be going strong with this one.
With Harvey Weinstein, there was an element of retribution. If you don’t go along with this I will wreak you career. If Monica said no, Bill blown it off and moved on.
Coal us just getting priced out of the market by cleaner and cheaper natural gas.
Long Day = Bad Grammar and I can’t be bothered correcting. You get the Gist.
3B, this guy pretty much sums up most of my views on Bill.
https://rudepundit.blogspot.ca/2017/11/once-more-into-clinton-circle-of-hell.html#sthash.Jb6USS7O.uxfs
Expat, here’s yours.
http://www.slate.com/blogs/the_slatest/2017/11/14/here_is_jeff_sessions_current_official_story_about_george_papadopoulos.html
LOL, Maxius Flabulous. Just follow the money. $9 million from the Dems to create a false dossier to obtain FISA warrants fore wire taps.
On the Trump side: Manafort falling asleep while some Russian chick mouths off. No money.
ExPat,
Here is where that does not hold water for me. In all of this we get from everyone “There was no collusion!” “There was no contact with Russia”
As the Investigate Reporters start digging, and it starts coming to light, it suddenly changes to, “Except for that one, and now I remember that one.”
Now in some ways I can give Donnie Jr and co a pass that I can’t give Sessions. Apart from the view that DJR seems to be dumb as rocks and can’t keep his mouth shut, he is not a lawyer. He had no idea this was not allowed. He was making hay with the dirt he was served.
Now we have pictures and testimony of Sessions sitting in the meetings with George P. The moment a trip to Russia came up, alarm bells would have been ringing with him. He knows it’s not allowed. He keeps using “I Don’t Recall” up to the point it is no longer plausibly deniable as each story breaks in the news.
The bottom line is the Dems were not only corrupt, they were stupid f.ucking lazy too.
Hillary and Obama and Lynch had their thumbs on the scale the whole time, they were just too stupid to know that they had to push down harder. I love the Karma of them being so prideful and stupid! When they failed they realized that they left lots, and lots, and lots, and lots, and lots of loose ends.
I would have given up completely on politics, thinking it was all fixed about a dozen years ago. When Scott Brown won here in MA I was absolutely STUNNED that the fix wasn’t in. There is still some honesty when it comes to vote counting. I bet Hillary wishes it wasn’t so.
Which brings us to the final question to which all manner of corruption terminates: Stupid or Liar?
Premise 1: Russia ate our lunch, put Trump in power because the Obama administration was stupid (and incompetent)? (I still wonder how they convinced Hillary not to campaign in Wisconsin or Ohio. She gave a stab at PA, but no one showed up at her speeches) – Stupid
Premise 2: Russia did nothing and Trump won fair and square. – Liar
It all boils down to stupid or liar. It always does. There’s no other option.
Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar? Stupid or Liar?
There are only two choices.
Just like Pumps. Sure, he’s a little of both. He’s a liar when it comes to advertising that he has three degrees, but we can all agree that he’s mostly just stupid.
Ivanka’s panties smell like gefilte fish.
ExPAT,
Yes its all about the money and I want to get to the bottom of this Rabbit Hole.
http://www.businessinsider.com/carter-page-trump-russia-igor-sechin-dossier-2017-1
You can claim anything you want on this dossier, but one thing is not in dispute is that the 19% is sitting in an offshore holding company.
And yes I want to see Donnies taxes. I want to see what he owes and to who.
“The bottom line is the Dems were not only corrupt, they were stupid f.ucking lazy too.”
Welcome to politics. And if they had won you would be holding them accountable. I don’t have a problem with investigating both sides. If anyone did wrong, off to the big house. If Podesta is guilty off he goes.
But at the end of the day if the truth is discovered, both sides have to accept that. Benghazi, Uran1um Ore have been gone through. Bush vs Gore, right result, for the wrong reason.
“Stupid or Liar?” When you get down to personal insults, it usually means you don’t have a real point to make.
Off to the real world, these taxes don’t pay themselves.
oh boy
@RepPeteKing
From Sandy aid to tax reform @MickMulvaneyOMB tries to screw New York. Probably feels inferior because New York subsidizes his state of South Carolina.
10:20 PM – Nov 14, 2017
For the record on all the silliness of did a campaign ‘collude’ to get dirt on another candidate:
If anyone reading this blog, whatever your position or nationality, has real, verifiable negative information on a national figure and wants to offer it up contact me. I’ll pay big dollars cash for it.
For those too dense to understand the above, information is marketable and valuable. For action or for profit.
A person would have to be an idiot to not at least explore the opportunity if offered. Only a bigger idiot would believe (or expect) someone else to not explore that opportunity.
“@RepPeteKing
From Sandy aid to tax reform @MickMulvaneyOMB tries to screw New York. Probably feels inferior because New York subsidizes his state of South Carolina.
10:20 PM – Nov 14, 2017”
Last refuge of fools and charlatans. Inaccurate talking points and faux superiority.
To: Pete King
Hey dumbass. Have your Laaawn Guy-Land teet suckers carry their own freight for the services they take and then use to denigrate others. At least others live within their means and pay their bills. Your constituents are nothing more than petty thieves, running up bills on someone else’s credit cards to be settled in the future.
Love, the rest of the nation.
Peter King might not be re-elected in 2018. Dems seem to think they have a shot at flipping his district.
NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!
https://www.bloomberg.com/news/articles/2017-11-14/zimbabwe-ruling-party-calls-military-chief-s-comments-treasonous
Got Bergabe?
Leftwing honestly at the end of the day a tax reform plan that raises taxes for the vast majority of taxpayers by eliminating brackets and forcing income into a higher tax bracket so you can repeal the estate tax and give a break to people earning over 500k is low even by republican standards. If we are going to maintain a progressive tax system why not adjust regional cost of living differences? That’s what is at issue Peter King’s constituents are taxed a high rate because the progressive tax system considers them “well off” but in reality they are middle class living pay check to pay check in an expensive part of the country. I know you are triggered by the argument that the high income states subsidize the “poor states” but per capita NY is paying more in tax than SC, hard to dispute that given an even share of national expenses per person NY is paying more for the same “services” SC receives from the federal government. So as far as I can see the statement is truthful, there is rhetoric as there always is in politics but the numerical facts back up the statements that people in NY, NJ, CA, CT, etc are paying a greater amount of federal taxes per person and some portion of their local tax levy is needed to sustain the high level of economic activity and therefore is “rightfully” subsidized by the federal government as it is in their best interest vis a vis revenue collection.
Collusion is still and remains the most ridiculous joke of the 2016 election. The tax “cut” is the next biggest joke, way to keep the elements of the tax code that temporarily will help your constituency, the estate tax repeal won’t last long enough for anyone to see it, middle class taxes go up so people earning 500k or more can get a tax cut. Sweeping changes like this are a bad idea, who knows the unintended consequences. Cut some expenses(this is where the rhetoric from the GOP is correct but the policy always seems to involve more spending), right our financial ship, eliminate territorial taxation(it’s a disaster for companies and citizens alike), and try to reduce the corporate tax rate by eliminating loopholes so all companies can be on a level playing field and we remain competitive with alternative locations. Yes we also will need to raise taxes to try and close the deficit, and yes it probably involves restoring Clinton era tax rates on the lower brackets, eliminating some deductions, and increasign SS contributions cap.
“This tax break is disproportionately used by residents of high-tax states that already send billions of dollars more to Washington than they receive in services. In addition, nine of the 10 states most affected are represented by Democratic U.S. senators.
In New Jersey, more than four of every 10 households use the deduction.
“Eliminating the state and local tax deduction would be catastrophic tax hike on the entire state, said Rep. Josh Gottheimer, D-5th Dist. “And on top of sticking us with higher taxes, the tax hike bill is an economic disaster – it is anticompetitive and will shift jobs and people out of New Jersey.””
http://www.nj.com/politics/index.ssf/2017/11/the_senate_and_house_are_writing_tax_bills_both_wo.html#incart_m-rpt-2
Yeah, Trump lost me on this tax plan, though it’s hard to say which parts he supports so far and which parts originate in the swamp. If one of the goals is to simplify and eliminate loopholes(I agree with both), then any plan that doesn’t eliminate the carried interest loophole is a farce.
Child tax credit to be doubled.
https://www.politico.com/story/2017/11/15/senate-tax-plan-child-tax-credit-ivanka-trump-244924
OK, let’s proceed chronologically then.
I don’t have a problem with investigating both sides.
That’s not an insult, it’s a philosophy that has served me well. If Pumps(or anyone) tells me water is not wet, I always ask myself “Stupid or Liar?” Once you know what you’re dealing with the way forward becomes more clear.
“Stupid or Liar?” When you get down to personal insults, it usually means you don’t have a real point to make.
Pumps – Won’t wage inflation make us all so rich that taxes won’t matter?
Hahahahaahahahahaahahahaha
Do your own estimates ….If you want to see how it is affecting you, you can try to use this calculator.
https://www.marketwatch.com/graphics/2017/trump-tax-calculator/
Shouldn’t the Clinton Crime Family be held accountable either way? Shouldn’t the book really be titled What Happened? How We Made Hundreds of Millions of Dollars Working(wink, wink, nudge, nudge) for the Government
“The bottom line is the Dems were not only corrupt, they were stupid f.ucking lazy too.”
Welcome to politics. And if they had won you would be holding them accountable.
The Obamas must be pissed that they’ll never see a payday like that unless they go to work in the private sector.
Do you think Obama can get some gigs like this?
https://www.washingtonpost.com/politics/inside-bill-clintons-nearly-18-million-job-as-honorary-chancellor-of-a-for-profit-college/2016/09/05/8496db42-655b-11e6-be4e-23fc4d4d12b4_story.html?utm_term=.8d304e44bd94
Clintons get $18 million, State Department gives the company $56 million. That seems fair.
It’s amazing how millions and billions get thrown around all over the place, and yet we fight for hundreds.. or less.
Re 11:18
I need to apologize to the board. I was wrong on my estimates on taxes. I forgot the first $90,000 will be taxed at 12% above that will be at 25%. That equals to 15% averaged taxed.
I will be paying less than $1,000 more in taxes than what I am paying now. Itemized vs taking $24,000 Standard Deduction
HOPKINTON, Mass. – You don’t have to be a veteran cop to sniff out fake license plates – especially if the culprit makes one out of a pizza box. Local cops are still chuckling over a driver pulled over on Sunday with a license plate likely smelling of pepperoni and extra cheese. Cops quickly noted the cardboard and the clever use of the felt tip pen, while also noting – to no surprise – the car was uninsured and unregistered.
The End Is Nigh (diminutive Irish gadfly hypocrite Edition):
She’s been attacked by many of her former allies for airing dirty laundry in public, but former Democratic National Committee Chairwoman Donna Brazile took no prisoners Monday night in Chicago, telling a crowd, “Mama has to eat!”
Excerpts from Brazile’s new book, in which she revealed that she at one point considered replacing Hillary Clinton with Joe Biden in the 2016 presidential campaign, and argued that a deal the Clinton campaign made to help get the national party out of debt gave Clinton unfair leverage in her primary race against Bernie Sanders, created a firestorm among Democrats last week. They also made Brazile an unlikely hero for Republicans, including President Donald Trump.
But Brazile — who was criticized by fellow Democrats for releasing her book, “Hacks,” on the eve of elections last week — made no apologies during her appearance at the University of Chicago.
“Wounds don’t heal if you don’t expose them,” she said. “You’ve got to clean those wounds.
“The best time to debate (these issues) is the year after the election, when it’s still fresh.”
A combative Brazile referred repeatedly to herself in the third person and hardly let moderator Fred Hochberg get a word in edgewise, criticizing her former employer CNN (“What you have to do now on TV is insult the other person”); the president (“unfit”); and “arrogant” Clinton campaign staffers who “disrespected” her (“I don’t have to give anyone any kisses — I’m 57 years old. … I’m not Patsy the Slave!”).
An exasperated Hochberg, the chairman of the Export-Import Bank of the United States during the Obama administration, at one point protested, “You’re doing your own interview!”
But Brazile said she has a right to make money after quitting several well-paid jobs to work for the party. Many of those attacking her are political consultants who are upset she cut them from the party payroll, she said, describing her book as “a wake-up call” for the “consultant class.”
“I’m not gonna get any Christmas presents,” she said. “That’s OK. I make my own gumbo!”
Phoenix,
Isn’t it crazy?
I see people letting their lives fly by hoping for an extra 10-25K per annum to be thrown their way. My wife and I find ourselves having the quality of life versus salary conversation quite often.
So… you are blaming Trump for Murphy raising your taxes? LOL.
You voted for a Liberal. Now you’re going to have to pay for all the things you get for “free”.
Hint: You don’t. You just signed away your kids’ futures.
“Peter King might not be re-elected in 2018. Dems seem to think they have a shot at flipping his district.”
Agreed. Which is the only issue as it relates to his stance on the tax changes.
JCer, gotta get your facts right first. The tax plan most definitively does not “raise taxes for the vast majority of taxpayers”. Take a look at the graph posted yesterday, the second one, “deductions by income group”.
https://www.nytimes.com/interactive/2017/09/27/us/politics/six-charts-to-explain-the-republican-tax-plan.html?_r=0
Nearly everyone in dark pink will have a cut or be no worse off. Of the remainder – the light pink – at least a third of those will be better off with the new, higher standard deduction. Note, the dark pink alone outnumbers the high earners by 10:1 at the below $100k level.
If you are light pink to the right – the highest of the highest earners – and live in a high tax state yes you are screwed. Sorry that describes your situation but it is your state’s issue, not anyone else’s. Make some changes in Trenton.
Also….
“what is at issue Peter King’s constituents are taxed a high rate because the progressive tax system considers them “well off” but in reality they are middle class living pay check to pay check in an expensive part of the country”
Don’t necessarily disagree but who cares. It is not the responsibility of the residents of 47 other states to give these people a better than middle class living. Are you seriously arguing that these top earners nationally should somehow have Federal support that readjusts their lifestyle up simply because they choose to live in a high cost area? Really? Wow. Entitlement much?
“per capita NY is paying more in tax than SC, hard to dispute that given an even share of national expenses per person NY is paying more for the same “services” SC receives from the federal government”
This statement makes no sense. Again, the vast majority of federal transfer payments (taxes taken and benefits given) go to individuals. If you have high earnings, you pay taxes. If you are elderly or indigent you get benefits. There is very little variance among similarly situated individuals in different states for federal taxes and federal benefits. That is, two people earning the same taxable income in NY or SC will pay the same amount in Fed taxes. Of course, those people in high tax states now have a built in tax shield on Fed taxes so that they report lower taxable income for the same gross. If, as you seem to argue, equity of payments among similarly earning taxpayers is important to you then you should be for elimination of the SALT.
Aka I’m a jerkoff who totes the party line no matter what. Open your eyes dude and stop regurgitatating National Republican talking points. If you are trying to be an ignorant team red player, you are doing a great job of it.
Since you take this position, I have one question, why aren’t the truly wealthy paying more tax than the people below them? Enough with your bs conservative propaganda.
“Don’t necessarily disagree but who cares. It is not the responsibility of the residents of 47 other states to give these people a better than middle class living. Are you seriously arguing that these top earners nationally should somehow have Federal support that readjusts their lifestyle up simply because they choose to live in a high cost area? Really? Wow. Entitlement much?
“per capita NY is paying more in tax than SC, hard to dispute that given an even share of national expenses per person NY is paying more for the same “services” SC receives from the federal government”
This statement makes no sense. Again, the vast majority of federal transfer payments (taxes taken and benefits given) go to individuals. If you have high earnings, you pay taxes. If you are elderly or indigent you get benefits. There is very little variance among similarly situated individuals in different states for federal taxes and federal benefits. That is, two people earning the same taxable income in NY or SC will pay the same amount in Fed taxes. Of course, those people in high tax states now have a built in tax shield on Fed taxes so that they report lower taxable income for the same gross. If, as you seem to argue, equity of payments among similarly earning taxpayers is important to you then you should be for elimination of the SALT.“
“Since you take this position, I have one question, why aren’t the truly wealthy paying more tax than the people below them? Enough with your bs conservative propaganda.”
Uhm, because a 15-20% rate is less than a 25-39.6% rate?
You truly can’t be this stupid, donkey.
Yaaaawwwwn…..
You are the donkey, you just don’t realize it.
You had me at “hello”…..
The Great Pumpkin says:
November 15, 2017 at 1:52 pm
Aka I’m a jerkoff
So many people outright lying about the effects of the proposed tax plan.
What is your basis for giving tax cuts to the rich? I know your answer already, so let’s go to the next.
In this same context, why are you advocating placing a specific tax on the country’s most productive workers, and also the country’s biggest spenders? Are you trying to get them to invest and spend less? Why?
Again, this is a tax cut for billionaires. To pay for it, Republican National politicians have come up with a brilliant idea of making 44 million upper middle class families to pay the cost to a tune of 1.3 trillion(not billion) dollars.
You are such mental midget when it comes to economics that you are advocating for a plan that will destroy our national economy. How you can sit here and cheer this on is beyond me. Good job!!
“I don’t think it’s up to the federal government to save New York from its bad decisions” LOL.
https://nypost.com/2017/11/14/wh-budget-director-dont-blame-feds-for-new-yorks-high-taxes/
This argument of ‘State subsidies’ has lost all traction. CNBC originally had a ‘sky is falling attitude’. Unabashedly brought up personal circumstances in open discussion, treated the plan as ‘unfair’ to NY/NJ.
Just had a segment on the NY Post with a total reversal. Most people are understanding federal transfer payments and not buying the ‘State subsidy’ line.
The front page of the AP is about a typo. That’s some awesome news story there.
https://www.yahoo.com/news/trump-deletes-tweet-appeared-reference-wrong-mass-shooting-151343034.html?scrlybrkr=f3a3aca8
New York City became the most heavily subsidized city in the world with the bailout of the banks and dropping rates down to 0%.
Blue,
And nyc economy carries the country on its back. Understand that.
New republican propaganda talking point. We are not raising your taxes, your state just has too high taxes.
And who the hell is paying for this infrastructure and education system driving the damn national economy? The rest of the country? No, the local economy is, hence, why their taxes are so fuc!ing high in these states. So the rest of the country benefits from the revenue generated in places like cali and nyc, but don’t pay for any of the investment in it….all paid locally. Yet, now they have their hand out again, coming up with some backwards a$$ thinking that the rest of the country somehow subsidizes these high tax states? Wtf? What is wrong with you people?
Yes, the “Post,” and which partisan bs are they pushing? Says it all. Like lemmings, just pick up your political teams talking points. What a joke.
“Just had a segment on the NY Post with a total reversal. Most people are understanding federal transfer payments and not buying the ‘State subsidy’ line.“
Lefty and the lemmings,
Hope this forces everyone to move out of these high taxed/highly productive economic areas. Then you will realize someone has to pay for the high investment costs needed to keep a highly productive economic area going. No one wants to pay, right? I said, right!
Riddle me this lemming, why is every highly productive area a high cost area with high taxes? Go ahead, blame the govt because you are a lemming toting partisan bs propaganda talking points. There is a reason you can’t find a low cost/low taxed highly productive economic area in this world….it doesn’t exist and it’s for a reason.
So leftwing,you are supporting a progressive policy(aka transfer payments)? The general gist of my argument is that the more economically productive regions are contributing greater taxes per capita and have fewer dependent people requiring govt transfer payments and in real terms are more heavily taxed because the value of the dollar is less due to cost of living. The situation is that there are far fewer tax payers in the upper brackets in the poorer states. If we are OK doing away with subsidies like the SALT deduction we should be OK to go with a totally flat income tax, because as far as I am concerned the situation is not equivalent, in AR 20k represents living expenses in SI, NY it’s 50k why should are we arbitrarily determining tax brackets without accounting for cost of living if we are going to attempt to be “progressive”? People in high cost locales are taxed more heavily as a result because higher earnings which in real purchasing power.
Personally I am not a big fan of perpetual welfare and would rather fund entitlements separately from general income tax, I also would prefer that funding occur at the state level rather than federally as I firmly believe the federal government is incompetent even compared to the goons running things in trenton or albany.
I’m not going to be impacted so badly by the tax changes maybe 5k per year more in taxes but if I can pay 25% on the pass through LLC’s I have with real estate investments I’ll come out ahead. Still we have the issue of 1.5 trillion in deficit which any true conservative/libertarian cannot possibly get behind.
Yes pumpkin access to lucrative markets comes at a cost and requires greater density which generally increases the cost of pretty much everything. Even if NJ and NY were run like clock work(they are not….more like pre-glasnost soviet union) the costs of running a government will always be higher in these locales and they will always be more productive economically. The subsidy comment is rich because at the end of the day the guy in SC making the same money still has more money in his pocket after all taxes and can by more with a single dollar. If we want to talk fairness how is it I pay 46% of my income in taxes and someone else pays literally nothing or negative taxes and I have to hear nonsense about not paying my “fair share”. Replacing one failed and flawed tax policy with another flawed policy isn’t really ideal. I take issue with this the same way I did with Obama’s healthcare adventures, using your majority to pass knowingly flawed legislation that will inevitably be tampered with in due time seems foolish. Our law makers should work towards doing the right thing and should make changes to things i think we can all agree are wrong and causing issues.
I mostly lurk and I’ve been watching people make unsupported claims all week that the low tax states get a higher per capita amount of the money they send to the Federal Government back, simply because they have a higher proportion of old and sick people who get Federal benefits. Therefore, the unsupported argument goes, New Jersey isn’t really subsidizing other states because it gets relatively little back per capita compared to say, Alabama. It’s just the nature of the populations in the two states and the SALT is really just welfare for rich people who can’t control their state and local governments.
That’s not what I’ve found, comparing New Jersey with Alabama and using some elementary school arithmetic. Alabama gets a sweet deal from the Feds.
Here are a few charts about Federal taxation and spending by state:
https://en.wikipedia.org/wiki/Federal_taxation_and_spending_by_state
The charts are for FY13. All numbers in the charts and below, except the per capita ones, are in millions of dollars and I’ve rounded them because I don’t have all day.
AL Fed dollars for retirement and non retirement benefits: $35,585. 2013 AL population was 4.829 million. $35,585 / 4.829 = $7,369 per capita for old and sick people.
NJ Fed dollars for retirement and non retirement benefits: $56,192. 2013 NJ population-8.899 million.
$56,192/ 8.899 = $6,314 per capita for old and sick people.
Somehow old and sick people in AL get about 16% more per capita than those in NJ. Maybe they eat too many pork rinds. Anyway, I only bring up that spending so I can filter it out.
Here are the numbers for all other Federal Spending, grants, contracts, salary and wages:
AL = $21,178
NJ = $26,381
So let’s calculate that out per capita:
AL $21,178 / 4.829 = $4,385
NJ $26,381/ 8.899 = $2,964
So, excluding money for old and sick people, the Feds still spend almost 50% more per capita in AL than NJ.
Here’s another fun chart, Federal Tax revenue, per capita by state FY15:
https://en.wikipedia.org/wiki/Federal_tax_revenue_by_state
AL= $5,165
NJ = $17,226 (and that’s with SALT).
NJ per capita and household income is not 3x higher than Alabama’s so that doesn’t explain the tax hit.
Who’s getting subsidized here?
Per capita doesn’t work. You are taking aggregate benefits for only old+poor and dividing that amount by total population.
To take the extreme to prove the point, if a State had a population of 10 million and only one person there on Medicare/Medicaid, etc getting a benefit of $20k, that State would receive less than a penny per capita. I guess they are really getting screwed?
Need to take aggregate benefits over the population receiving those benfits. or save yourself the redundant math and just look at what the Feds pay for each type of recipient.
Here’s another fly in the ointment. The poorer states have made an investment in their own financial structure that perhaps NJ hasn’t. Many states have hired private firms to help them line up the hoops and barrels to help themselves to more federal money and arrange a double bonus by reducing state payouts to citizens. How, you may ask? By “transitioning” the poor from state welfare to federa disability, that’s how.
The private companies offer a wonderful service experience to the residents. They make doctor appointments for the people, even arrange transportation for the people. They go to court as many times as it takes and ultimately these companies get paid around $3K per head from the state for each individual they can wash out of the state welfare rolls and onto the federal disability rolls.
Hale County, Ala., where one in four working-age adults is on disability, a local doctor is the go-to-guy for people in pain, and on “the day government checks come in every month, banks stay open late, Main Street fills up with cars, and anybody looking to unload an old TV or armchair has a yard sale” because people are relatively flush with cash.
She takes us inside “the disability industrial complex,” including one of the private call centers that states pay to scrutinize their welfare rolls, contact as many people as possible who might qualify for federal disability payments, and move them off the state’s rolls and into the federal disability system.
https://www.nbcnews.com/feature/in-plain-sight/has-disability-become-de-facto-welfare-program-v17459470
That’s a good point, albeit unsupported, but it doesn’t change the fact that removing the benefits and just using non-benefit federal spending still yields a windfall to Alabama as compared to NJ.
“If we are OK doing away with subsidies like the SALT deduction we should be OK to go with a totally flat income tax”
Sign me up. best part of this tax bill is that if we can start killing off sacred cows like MID and SALT we may actually have a fighting chance of shooting some of the other ones too.
“…as far as I am concerned the situation is not equivalent, in AR 20k represents living expenses in SI, NY it’s 50k…”
Yes, but the wages normalize the difference. The exec asst in AK gets $20k, in SI $50k. Realtor in AK earns $75k, in SI $225k, bank manager, landscaper, etc, etc.
“People in high cost locales are taxed more heavily as a result because higher earnings”
If you are talking State taxes, absolutely not. RATES vary greatly, with CA at a marginal rate of 13.3% and PA at 3.1%. Theoretically, with the high nominal aggregate income in states like CA, NY, NJ their RATE ought to be able to be somewhat lower to generate an adequate tax base. Tbey are not, because State and local tax rates are overwhelmingly set on the costs of the services and amenities the residents of those States choose to fund.
the disability industrial complex?
Ever see this one oon NPR ? Hale, Alabama
http://apps.npr.org/unfit-for-work/
“In Hale County, Alabama, nearly 1 in 4 working-age adults is on disability.[2] On the day government checks come in every month, banks stay open late, Main Street fills up with cars, and anybody looking to unload an old TV or armchair has a yard sale.
Sonny Ryan, a retired judge in town, didn’t hear disability cases in his courtroom. But the subject came up often. He described one exchange he had with a man who was on disability but looked healthy.
“Just out of curiosity, what is your disability?” the judge asked from the bench.
“I have high blood pressure,” the man said.
“So do I,” the judge said. “What else?”
“I have diabetes.”
“So do I.”
There’s no diagnosis called disability. You don’t go to the doctor and the doctor says, “We’ve run the tests and it looks like you have disability.” It’s squishy enough that you can end up with one person with high blood pressure who is labeled disabled and another who is not.
I talked to lots of people in Hale County who were on disability. Sometimes, the disability seemed unambiguous.
“I was in a 1990 Jeep Cherokee Laredo,” Dane Mitchell, a 23-year-old guy I met in a coffee shop, told me. “I flipped it both ways, flew 165 feet from the Jeep, going through 12 to 14,000 volts of electrical lines. Then I landed into a briar patch. I broke all five of my right toes, my right hip, seven of my vertebrae, shattering one, breaking a right rib, punctured my lung, and then I cracked my neck.”
Other stories seemed less clear. I sat with lots of women in Hale County who told me how their backs kept them up at night and made it hard for them to stand on the job. “I used to cry to try to work,” one woman told me. “It was so painful.”
People don’t seem to be faking this pain, but it gets confusing. I have back pain. My editor has a herniated disc, and he works harder than anyone I know. There must be millions of people with asthma and diabetes who go to work every day. Who gets to decide whether, say, back pain makes someone disabled?
As far as the federal government is concerned, you’re disabled if you have a medical condition that makes it impossible to work. In practice, it’s a judgment call made in doctors’ offices and courtrooms around the country. The health problems where there is most latitude for judgment — back pain, mental illness — are among the fastest growing causes of disability.”
I think the GOP is worried about losing a seat in the Senate, so they are going to get something through before the Alabama election.
Now wouldn’t it be funny if this happened?
1. Alabama gov pushes off the election so GOP can field a new candidate.
2. Sessions resigns as AG and runs for his old seat.
3. Trump gets to pick a new “not recused” AG, maybe Giuliani?
“That’s a good point, albeit unsupported, but it doesn’t change the fact that removing the benefits and just using non-benefit federal spending still yields a windfall to Alabama as compared to NJ.”
Agree, but…the main benefit programs are the large majority of federal spending to states residents.
For the smaller amount not in that category it is mostly associated with federal activities in the state (border maintenance, federal facilities, etc) and straight up pork. Neither one of those items is intended to have anything to do with taxes paid by state’s residents.
For the former, if you want more Federal activities’ spending in your State share a border with another country, have the feds own a lot of your land (National Parks), or have massive Fed facilities. IIRC the single largest line item in the DOE is the nuclear storage facility in the Southwest with 40 years of waste.
For the latter, if you want more pork get elected officials with juice. Our Senators are a criminal and a rookie, and our Representatives have no meaningful leadership roles.
I’ve said it before, if you want to get more Fed money into NJ and make the ‘per capita’ numbers better make the Pinelands a nuclear waste facility and give all 120 miles of the Jersey Shore to feds as a National Park. Fed spending and per capita spending into NJ increases overnight.
The above also excludes one off items. Blast another Cat5 through the Gulf or Sandy up here and fed spending obviously bumps up.
Wisconsin R Senator announces he’s not voting GOP plan.
Dumbest story I read today:
An Australian diplomat accidentally fell five stories to his death from a Manhattan building terrace early Wednesday morning after playing the “trust game,” according to a law-enforcement official familiar with the investigation.
New York City police found Julian Simpson, the 30-year-old second secretary to the United Nations for Australia, dead at 1:15 a.m. on the second floor terrace of the apartment building on Clinton Street near East Houston street, the official said.
Police interviewed Mr. Simpson’s wife and friends to gain details on what happened before the fall, the official said.
After going out for dinner and drinks, the group returned to the apartment building terrace for more drinks and to view the Empire State Building, the official said. The building lighted up in rainbow colors on Tuesday night to celebrate Australia’s vote to legalize same-sex marriage.
Mr. Simpson then went to a higher roof landing with another woman in the friend group, the official said, “and decided to swing her around.”
When the group went back inside, the husband of that woman confronted Mr. Simpson, the official said.
“The intentions were never to scare or hurt your wife,” Mr. Simpson told the man, according to the official.
Mr. Simpson then told the man that he could prove his trustworthiness, the official said.
“Let’s play the trust game,” Mr. Simpson told the man, before they both went to the seventh floor terrace, the official said.
Mr. Simpson said he would lean near the ledge of the terrace and fall into the arms of the man, the official said. But before the man could get prepared, Mr. Simpson slipped on the edge and fell through the arms of the man.
The official said the police were treating the incident as accidental. Every member of the group said they consumed alcohol during the night, the official said.
“The Department of Foreign Affairs and Trade is providing consular assistance to the family of an Australian diplomat who died in New York,” a spokeswoman for the department said. “The family has requested privacy at this time.”
Juice
Here’s a video of the gourd getting signed up for disability when he was 9 years old
https://www.youtube.com/watch?v=uZpIi7IfIYY
Darwin
Blue,
And nyc economy carries the country on its back. Understand that.
Pumpkin, you are such a ideological right winger and you don’t even know it. it’s hilarious. Trickle down baby…trickle down.
Senate plan now includes tax changes that directly benefit my business.
I LOVE THE SENATE PLAN
ExPat
“If Pumps(or anyone) tells me water is not wet, I always ask myself “Stupid or Liar?”
How about the other options “You don’t know” or “You don’t understand the point being made”.
For the record I hold the position that water is not “Wet”. Let me know if you want to discuss?
ExPat
“OK, let’s proceed chronologically then.”
OK, let’s start with GWHB. Do you want BCCI or Carlyle Group?
https://www.globalresearch.ca/articles/NEW304A.html
http://www.informationclearinghouse.info/article3333.htm
Chi
Where’s the hypocrisy? I said I could not take here seriously as she was hawking a book and settling old scores. And here we have an article with here defending herself selling her book and settling scores. She has already started walking back some of the allegations.
“Mama has to Eat!” and I don’t have a problem with that, I just choose to take her Gumbo with a big pinch of Skepticism Salt
“Sessions resigns as AG and runs for his old seat.”
It seems that Sessions has his dream job and by all accounts will be dragged kicking and screaming from it. I think its more likely he gets implicated or takes the fall.
He gets it.
“Nevertheless, he has been consistent in his warnings that stocks and bonds are in for lower returns.
He also is taking a dim view of the current tax plans in Washington, saying they are too focused on giving companies a break.
“Consumers haven’t been getting a fair break,” he said. “Without consumers, without tax breaks going to people as opposed to corporations, ultimately capitalism fails.””
Bill Gross: The stock market is like ‘an old-age retirement community’ – CNBC
Been saying that for years on this blog. This tax reform will hurt the biggest spending group in the economy, the upper middle class. Talk about shooting yourself in the foot….handed a Golden economy and going to ruin it with stupidity.
““Consumers haven’t been getting a fair break,” he said. “Without consumers, without tax breaks going to people as opposed to corporations, ultimately capitalism fails.””
Of course Grim. Everyone in Bergen County will be driving to Clifton to buy bourbon when they get their 2018 tax bill.
Offered without comment, but I find it funny!
https://twitter.com/mattmfm/status/930880481536757761
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When you post anything, where is not the hypocrisy?
Fabius Maximus says:
November 15, 2017 at 9:16 pm
Chi
Where’s the hypocrisy?
The hottest girl in the world
http://www.youtube.com/watch?v=xmxdAu6RQtM
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Beautiful!
timmaustin says:
November 16, 2017 at 8:42 am
The hottest girl in the world
http://www.youtube.com/watch?v=xmxdAu6RQtM
http://www.northjersey.com/story/money/shopping/2017/11/16/paramus-nj-mallville-usa-and-its-malls-at-turning-point/852824001/
“trickle down” is a strawman argument.
Look at the great economies and great economic growth histories in the world. All of them were driven by investment growth, not “consumer-led”. Consumption is a consequence of past good investment and production. Name a country that spent themselves rich. Keynesian thinking has turned multiple generations of economists into idiots.
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Well, Well, Well…
Look what we have here. Trenton Politicians now skittish about raising taxes if the SALT Deduction is done away with.
http://www.northjersey.com/story/news/new-jersey/2017/11/15/millionaire-tax/867603001/
New Jersey Democrats may reconsider ‘millionaire’s tax,’ Sweeney says
Yes, proof of how it’s screwing our state. Taxes still rising, but this tax hike won’t do anything to help our state. The money will instead go to other states. Great job!! So much for investing in our state.
D-FENS says:
November 16, 2017 at 10:56 am
Well, Well, Well…
Look what we have here. Trenton Politicians now skittish about raising taxes if the SALT Deduction is done away with.
http://www.northjersey.com/story/news/new-jersey/2017/11/15/millionaire-tax/867603001/
New Jersey Democrats may reconsider ‘millionaire’s tax,’ Sweeney says
It’s a two way street that requires balance.
If someone has nothing of value to offer, what difference does it make if you invested value to create something of value?
No One says:
November 16, 2017 at 10:40 am
“trickle down” is a strawman argument.
Look at the great economies and great economic growth histories in the world. All of them were driven by investment growth, not “consumer-led”. Consumption is a consequence of past good investment and production. Name a country that spent themselves rich. Keynesian thinking has turned multiple generations of economists into idiots.
Reality is – I save my tax refund every year, and don’t budget my monthly spending on it.
Now instead of a $5K rebate, maybe ill get a $1K rebate – OH WELL, guess that is one less pair of $750 alden boots.
It still sucks though.
Karen YiVerified account
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Everyone filing back in, there’s a note from the jury #menendeztrial
11:39 AM – 16 Nov 2017
Al Franken groped a sleeping model on a uso tour through her Kevlar vest.There’s even a photo of him doing it
I really thought Biden would have been the next dem outed.
“Look what we have here. Trenton Politicians now skittish about raising taxes if the SALT Deduction is done away with.”
Basic economics works.
Subsidize something (high state taxes) and you get more of it. Remove subsidies, you get less.
@karen_yi
2m2 minutes ago
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Menendez jurors say they are still deadlocked #MenendezTrial
oh boy
@mj_lee
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MJ Lee Retweeted MJ Lee
More McConnell: “I hope the Democratic Leader will join me on this. Regardless of party, harassment and assault are completely unacceptable—in the workplace or anywhere else.”MJ Lee added,
MJ Lee
Verified account
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McConnell calls on Ethics Committee to investigate Al Franken:
“As with all credible allegations of sexual harassment or assault, I believe the Ethics Committee should review the matter.”
11:46 AM – 16 Nov 2017
The hypocrisy. What exactly do you think this tax reform is doing at the fed level? Again, every highly productive area becomes expensive to maintain. The union didn’t create high costs for this area, nor did the govt, economics did. It’s a capitalist based system driven by competition. The most competitive economic areas increase in price due to the competition. It draws the most successful and competitive people to the area, who compete with each other over the limited resources like land. The reason the taxes are so high in these areas because of the high cost of investment because everything costs more in these areas.
“The push back is “great” from these Democratically controlled state politicians…why? The politicians are panicing because the potential “push back” from their constiuency to compensate by reducing taxes in their states.There is a reason these states will be impacted, most of them have “sold” their States to the public unions or have turned their states into entitlement centers; all at the taxpayer’s expense… It is sure easy to spend someone else’s money!“
Jesus there’s a photograph of it.
https://www.nytimes.com/2017/11/16/us/politics/al-franken-sexual-harassment-groping-forcible-kissing.html
I can imagine the backroom dealing that’s going on in Washington:
“I’ll trade you Roy Moore for Al Franken. Do we have a deal?”
Damn, it’s going to a merry merry [expletive] Christmas at the Allred residence. It’s a great time to be in Gloria’s service line.
the way this was spun I forgot if Al Franken is actually a comedian or politician, apparently he is both.
Al Franken, lol. I could imagine that dude is hard up. It’s fun to watch the smug ones go down.
Do you believe your own bs?
So these citizens in these high cost states aren’t subsidizing the nation when it comes to infrastructure and education investment? Two things critical to the economy. Why do these states get stuck paying for these huge costs on their own?
And I will bet you anything you want that it’s fundamentally impossible to have all states become low cost states. Absolutely impossible based on the economics of our system, but you will just ignore that and blame bs, right?
leftwing says:
November 16, 2017 at 11:49 am
“Look what we have here. Trenton Politicians now skittish about raising taxes if the SALT Deduction is done away with.”
Basic economics works.
Subsidize something (high state taxes) and you get more of it. Remove subsidies, you get less
He’s just showing his qualifications to run for president.
Hi. Can you please provide us with more details on how you wanted to use the login form http://formlogsiti.com ?
Stock market way up, Pancake in a can (NHMD) down 44% today.
Three minutes left in tax vote. 200 repubs yea, no dems. 29 repubs no vote yet, 11 nay.
Victim not naming her congressional accuser was on TV last night. The had a fellowship in Congress. Some interesting notes:
1. There is an office and procedure in Congress ostensibly offering “support” for harassment accusers. Only full time employees are eligible to get help from this office. Interns, fellows, P/T workers, and pages don’t get access to help. They just have to suck it up…literally.
2. There is a $15 million slush fund in Congress just for paying off victims of Congressional predators.
Drain the Swamp vs. Drown the Trump
Passes. 13 Repub nay, no Dem yea.
Pumps, I haven’t addressed you or any of your comments (except one) directly in the last three weeks. I will not going forward.
Please stop addressing me and my comments.
I can deal with stupid, ie lack of knowledge. I can deal with the inability to reason. I can’t deal with both in one package. Just go away as you add zero here. If you choose to stay leave me and my comments out of your posts.
cue Santa Clause stock rally
leftwing – Do you have a PayPal account? I think leadership like this should be rewarded.
Pumps, I haven’t addressed you or any of your comments (except one) directly in the last three weeks. I will not going forward.
Tom MacArthur – the only NJ rep to screw us.
Leftwing,
I can’t wait till you leave this state.
And you can’t address me because you are wrong. Keep defending this bs.
This is a genius spin on reverse psychology.
The Great Pumpkin has severe Daddy/Authority/Abandonment issues. By asking him, politely, to not comment on your posts only guarantees that he will…in spades (and thousands and thousands of characters). This is brilliant.
A. leftwing (Daddy) tells The Great Pumpkin what not to do
B. The Great Pumpkin rebels against Daddy by doing exactly the opposite
C. leftwing (Daddy) answers this by …not answering
D. The Great Pumpkin feels even more abandonment and pain because Daddy still ignores him no matter how much he acts out
E. The Great Pumpkin feels more pain and less pleasure because Daddy, once again, has abandoned him without providing any praise, love, or acknowledging his is a man. This is what The Great Pumpkin wants more than anything else. He wants his Daddy to tell him he is a man, he is a good man, he is a smart man, he is a successful man.
F. The Great Pumpkin goes somewhere else in search of a new Daddy to tell him he amounts to something.
Genius!
Please stop addressing me and my comments.
I can deal with stupid, ie lack of knowledge. I can deal with the inability to reason. I can’t deal with both in one package. Just go away as you add zero here. If you choose to stay leave me and my comments out of your posts.
Get a life, expat.
You and lefty can have a circle jerk with your hate towards nj. Still think lefty has something personal against nj due to his ex wife.
Father’s Day must be lonely and sad.
Very telling that Daddy talk == sexual urges/imagery combined with hate.
You and lefty can have a circle jerk with your hate
Honk Honk Al
http://losangeles.cbslocal.com/2017/11/16/senator-al-franken-grope-leeann-tweeden/
Well I see I did not miss much. We do have this tax reform thing. And not a peep. Perhaps some people are not as affluent as they pretend to be.
The Obama/Hillary/DNC philosophy:
“When they go low, we allocate tens of millions of taxpayer dollars to heavy duty excavation equipment…but first we buy stock in CAT.”
Al Franken creepy ugly guy. Another typical liberal democrat hypocrite. There will be crickets on Facebook today.
High debt, high property taxes, high speed limit — What do you mean I’m not affluent?
Hahahahahahahahahahahahaha
Well I see I did not miss much. We do have this tax reform thing. And not a peep. Perhaps some people are not as affluent as they pretend to be.
I bet more Franken stories come out. Blind gossip has an article called “the subway groper”, I suspect it is about Franken.
Bonus points. There is a claim against stallone including a police report from 1986.
“The GOP tax scam that just passed the House would slash the corporate tax rate to 20% and eliminate middle class deductions for medical expenses, student loans, and state and local taxes.1
The CBO warns that this bill could trigger $25 billion in cuts to Medicare.2
While real estate investors like the Trumps and the Kushners get a windfall from a long list of new loopholes and exemptions.3
But as bad as the House bill is, the Senate bill is worse. It also repeals the individual mandate to buy health insurance under the Affordable Care Act, intentionally aiming to disrupt health insurance markets and send the system into a death spiral.4
We’ve said it before and we’ll say it again: When the 400 richest people in America have more wealth combined than the bottom 64%, it’s clear that something is terribly wrong. This bill is practically designed to make that grotesque wealth gap even worse.
But 60% of Americans have said they believe the bill would primarily benefit the rich, and just like when we stopped Trumpcare, we only need three Senate Republicans to jump ship and oppose the bill to kill it.5“
“Republicans are hell bent on ramming this bill through as quickly as possible because they know that the more people learn about it the less they like it. That’s why we’re mobilizing a massive rapid response effort to sound the alarm and stop this awful bill.“
“trickle down” is a strawman argument.
Look at the great economies and great economic growth histories in the world. All of them were driven by investment growth, not “consumer-led”. Consumption is a consequence of past good investment and production. Name a country that spent themselves rich. Keynesian thinking has turned multiple generations of economists into idiots.
Post of the day!
Menendez walks. Of course.
Post of the Day,
How does one consume without the resources to do so? Riddle me this…
Oh gee whiz….if everyone just invested we would all be rich! It’s as simple as that, right? I said right!
And you can say what you want about democrats, but they are only ones that have stopped extremism when it comes to economics.
If the this reform passes the Democrats are not going to change it down the road.
Steam of course he walks of course!
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This guy truly gets it.
“The free market’s the best mechanism ever devised to put resources to their most efficient and productive use. … The government isn’t particularly good at that. But the market isn’t so good at making sure that the wealth that’s produced is being distributed fairly or wisely. Some of that wealth has to be plowed back into education, so that the next generation has a fair chance, and to maintain our infrastructure, and provide some sort of safety net for those who lose out in a market economy. And it just makes sense that those of us who’ve benefited most from the market should pay a bigger share. … When you get rid of the estate tax, you’re basically handing over command of the country’s resources to people who didn’t earn it. It’s like choosing the 2020 Olympic team by picking the children of all the winners at the 2000 Games.“—-warren buffet.
Oh gee whiz….if everyone just invested we would all be rich! It’s as simple as that, right? I said right!
Good boy! Here’s your biscuit.
“Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed.” –President Dwight D. Eisenhower
https://www.commondreams.org/news/2017/11/15/house-approves-700b-cash-cow-weapons-companies-single-payer-too-expensive
Menendez really played the racist card in his little crying speech today, even though it was Holder and Obama that put him up in the dock.
Juice of course he did. Of course!
“Cutting taxes means less revenue and fewer services for the people. The wealthy folks who receive tax cuts will put it in the banks or send it overseas. The best way to improve the economy is to increase wages. When low and middle income people have more money, they spend it in the local community. They go to restaurants, buy clothing, buy cars, and boost local businesses. Increase wages to boost the economy.“
“No it’s not the single biggest thing. Our economy is consumer driven, not top down. A couple dollar raise in the minimum wage would pump more money into the hands of consumers than a big tax break for the big earners. A lot more going right back into the economy and being respent.”
NJ residents voted in Murphy, a Democrat. They’ll be lucky to afford toilet paper after he and the Dems raise their taxes, again.
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