Oh gee, let's create a new financial incentive for people to flood over the border illegally. If they want all the benefits of being an American, maybe they should go back to their native lands and ask our permission to enter the country LEGALLY. **** liberals irritate the Shiite out of me.
Trapped in the People's Communist Republic of Massachusetts.
"Based on what was described, this would have to be a mistake and an accident on the part of the humpback," said Jooke Robbins, director of Humpback Whale Studies at the Center for Coastal Studies in Provincetown.
Bird Names For Birds
Because birds don't need eponymous or honorific common names.
“It has been a source of great pain to me to have met with so many among [my] opponents who had not the liberality to distinguish between political and social opposition; who transferred at once to the person, the hatred they bore to his political opinions.” —Thomas Jefferson (1808)
She's the cutest badazz you will see today
... and makes sense too
“It has been a source of great pain to me to have met with so many among [my] opponents who had not the liberality to distinguish between political and social opposition; who transferred at once to the person, the hatred they bore to his political opinions.” —Thomas Jefferson (1808)
“It has been a source of great pain to me to have met with so many among [my] opponents who had not the liberality to distinguish between political and social opposition; who transferred at once to the person, the hatred they bore to his political opinions.” —Thomas Jefferson (1808)
The remains of 761 people, mainly Indigenous children, were found in Canada at the site of a former school, an Indigenous group said.
Thursday, June 24, 2021 11:04 AM EST
The discovery, the largest one to date, came weeks after the remains of 215 children were found on the grounds of another former boarding school in British Columbia.
Both schools were part of a system that took Indigenous children in the country from their families over a period of about 113 years, and housed them in boarding schools, where they were prohibited from speaking their languages and sexually, physically and emotionally abused.
Tax edge
Only weeks after ProPublica leaked the tax returns of the wealthiest Americans, the nonprofit news organization is out with a fresh breakdown on how PayPal (NASDAQ:PYPL) co-founder Peter Thiel "turned a retirement account for the middle class into a $5B tax-free piggy bank." Theil has been a vocal opponent of higher taxes, as well as a major funder of the Club for Growth Action Fund, a heavyweight anti-tax political action committee. According to the publication, he apparently took his opposition one step further, using a Roth IRA account to accumulate a massive amount of wealth.
Backdrop: After Congress created Roth IRAs in 1997, the Clinton administration blocked higher-income folks (singles earning more than $110,000) from opening the funds and capped contributions at $2,000 a year. Theil, who was just starting out at the time, was seemingly eligible to contribute under that amount. Annual contributions to Roth IRAs are now capped at $6,000 (or $7,000 for those who are 50 or older), but there are still many ways to make these accounts grow larger.
Thiel bought 1.7M shares of PayPal in 1999 for $0.001 per share, or $1,700. Within a year, the value of his Roth jumped to $3.8M, and turned into over $30M when eBay (EBAY) bought out PayPal for $19 a share in 2002. Since then he has made highly successful investments in Facebook (FB), Yelp (YELP) and Palantir (PLTR), and by 2019, his Roth held $5B "spread across 96 sub-accounts." The gains from all those sales are tax-free and Thiel could pull out the money in six years when he turns 59½. High-income taxpayers can also use Roth conversions, otherwise known as a "backdoor Roth," where money is moved from a traditional IRA to a Roth after paying a one-time income tax on the transferred assets.
Need of reform? Some are skeptical about the Biden administration's new goals of funding infrastructure plans and other initiatives via taxing the rich. More often than not, it is the ultra-wealthy who could afford the lawyers or the elaborate schemes in order to avoid paying taxes. The report from ProPublica in early June showed that the 25 richest Americans, including Warren Buffett, Jeff Bezos and Elon Musk, paid a true tax rate of only 3.4% between 2014 and 2018 (compared to the 14% in federal taxes paid by the median American household). "Billionaires are going to have to pay their fair share, every year," said Senator Ron Wyden (D-OR), who chairs the tax-writing finance committee.
It's not a loophole, it's the law. No one pays more than the law requires. Even Biden uses an S Corp to reduce his taxes on books and speaking fees. Anyone can do a Roth conversion, not just the "rich". Don't hate the player, hate politicians.
Don't let the wife know what you spend on guns, ammo or cigars.
Yes, that is true. There is something wrong with a law that allows an untaxed accumulation of wealth when it reaches this kind of extent though. A mechanism that lets $1,700 turn into $30,000,000 without a tax burden doesn't seem right to me. Admirable financially but socially bankrupt.
I understand the point, but what I see is a man who bet money on himself and his company that he founded and had great success in doing so. So much so that his private company got acquired for $30M by another private company in which taxes were paid.
Should the ultra-rich pay more taxes, sure, maybe, probably. But, financial wealth is certain type of success, and if we start taxing people because they have had more financial success, I'm not sure that sends the right message of what this country is all about. Morally, I would hope that people who achieve great success would want others to do the same by sharing their wisdom, knowledge, time, and money.
What would be a good idea, in my opinion, would be to give greater incentives for the ultra-wealthy to give their money away. I'm not talking about the current structure that exists where foundations crop of to accumulate even more wealth. I have no idea what these incentives would look like. Also, I would like to see a true audit of the federal government, so that we could see where these ever-increasing budgets are focused. I'm not confident any iteration of our government has used tax money effectively or wisely, so every year when I hear that the government has a larger budget and it's never enough
Maybe a start would be getting this country to stop hating itself. For so long, maybe forever, one of the prevailing human thoughts is that "if someone is different (wealth, race, religion, background, location, profession, etc.) than you, they are your enemy; if not your enemy, certainly not your friend" (simplistic I know but you get the point). If we could stop telling the ultra wealthy both "you don't deserve that much wealth, so I'm going to try to take it" and "you made that money so you deserve to keep it and bury it with you"; and stop telling the low-income both "you can't but a decent house and afford groceries because your boss's boss's boss wants to buy a new yacht every year, they owe you" and "you're poor, you'll always be poor because you failed and your kids will too", I think we could get alot more done and certainly be alot more content.
Enough idealism, I've got to go clean up toddler poop off of my floor.
I'm a small business owner, probably in the upper 10% somewhere, and my tax burden is nearing 60%. This dude is likely not paying anywhere near that amount; not a fair system in my opinion. I am all for success but I also went to civics classes in school. I make more than I need and the excess after taxes goes to charity. Bezos' exwife is dropping a billion here, a billion there on socially important inequities while Jeff dropped half a billion on a yacht. Good on her. Asking the government to be socially responsible for you is f'd up.
Politics is the gentle art of getting votes from the poor and campaign funds from the rich, by promising to protect each from the other.
~Oscar Ameringer, "the Mark Twain of American Socialism."
When gummint extorts the fruits of a man's success, do they accomplish anything better with the loot?
“It has been a source of great pain to me to have met with so many among [my] opponents who had not the liberality to distinguish between political and social opposition; who transferred at once to the person, the hatred they bore to his political opinions.” —Thomas Jefferson (1808)
Or, maybe everyone could pay the same tax rate on income? So Edward 60% drops to 10%, and Bezos and Buffets piddling 3 or 4 % goes up to 10%? Seems fair. I'm sure lots of folks smarter than me won't like it, but I can't help but think it would overall be a more fair distribution of burden, without stifling incentive.
But then, I'm crazy as hell anyway, so, there's that.
WARNING: The above post may contain thoughts or ideas known to the State of Caliphornia to cause seething rage, confusion, distemper, nausea, perspiration, sphincter release, or cranial implosion to persons who implicitly trust only one news source, or find themselves at either the left or right political extreme. Proceed at your own risk.
"If you do not read the newspapers you're uninformed. If you do read the newspapers, you're misinformed." -- Mark Twain
There was a lot of blow-back when flat tax was proposed, primarily because it put more of a burden on low-wage workers.
from: Auguries of Innocence
BY WILLIAM BLAKE
...The poor Mans Farthing is worth more
Than all the Gold on Africs Shore
One Mite wrung from the Labrers hands
Shall buy & sell the Misers Lands
Or if protected from on high
Does that whole Nation sell & buy ...
Comments
Indeed. New party needed. Rip big fella.
https://www.youtube.com/watch?v=BM0Jjw421rA
This won’t cause any legal issues.
https://www.yahoo.com/news/colorado-smashing-down-barriers-help-083015095.html
MOW badge received.
Oh gee, let's create a new financial incentive for people to flood over the border illegally. If they want all the benefits of being an American, maybe they should go back to their native lands and ask our permission to enter the country LEGALLY. **** liberals irritate the Shiite out of me.
Trapped in the People's Communist Republic of Massachusetts.
holy crap it's true. Went to cook some eggs this AM and the dammmn skillet just stuck to my face when I went to clean it.
"I ain't got no Opus's"
LLA - Lancero Lovers of America
2016 Gang War (South)
May I assss u a ?
https://www.capecodtimes.com/story/news/2021/06/11/humpback-whale-catches-michael-packard-lobster-driver-mouth-proviencetown-cape-cod/7653838002/?utm_source=capecodtimes-This Just In&utm_medium=email&utm_campaign=baseline_greeting&utm_term=hero&utm_content=MASSACHUSETTS-HYANNIS-NLETTER06
Brilliant waste of oxygen from an "expert"
"Based on what was described, this would have to be a mistake and an accident on the part of the humpback," said Jooke Robbins, director of Humpback Whale Studies at the Center for Coastal Studies in Provincetown.
https://birdnamesforbirds.wordpress.com/
Bird Names For Birds
Because birds don't need eponymous or honorific common names.
She's the cutest badazz you will see today
... and makes sense too
Chick f*cker
https://peakofohio.com/news/details.cfm?clientid=5&id=327249#.YMjyLahKiUk
A rural Huntsville teen was arrested after he was caught engaging in sex acts on barn animals at his residence Monday.
The Logan County Sheriff's Office responded to the 3800 block of Township Road 31 North.
Deputies report that Zechariah Moyer, 19, performed sex acts on chickens Monday morning.
His mother entered the barn and discovered the incident.
Moyer told deputies that he gets strong sexual urges toward family members.
He then chooses barn animals to release his sexual desires.
Moyer has been caught multiple times abusing the animals.
On Sunday, Moyer got into an argument with his mother.
He squeezed her arm as hard as he could.
Moyer stopped when his father walked into the room.
Moyer was charged with misdemeanor counts of sexual conduct with an animal and domestic violence.
He was lodged in the Logan County Jail.
google pushed a covid tracking app into every android phone in Massachusetts without asking.
https://arstechnica.com/gadgets/2021/06/even-creepier-covid-tracking-google-silently-pushed-app-to-users-phones/
So, buy the stuff you think you are going to need later in the year, or, alternatively stop buying stuff this year until things settle down:
Global shipping disruptions could rattle supply chains deep into 2021 https://seekingalpha.com/news/3708527-global-shipping-disruptions-could-rattle-supply-chains-deep-into-2021?source=emailshare $DAC
In 1953, Werner von Braun wrote a little book in which he predicted that a man named Elon would lead humanity to Mars.
article:
https://www.businessinsider.com/tesla-science-fiction-nasa-colonize-colony-planets-solar-system-2021-6
book:
https://www.amazon.com/Mars-Project-Wernher-Von-Braun/dp/0252062272/ref=sr_1_2
wtf!
View in browser | nytimes.com
The New York Times
BREAKING NEWS
The remains of 761 people, mainly Indigenous children, were found in Canada at the site of a former school, an Indigenous group said.
Thursday, June 24, 2021 11:04 AM EST
The discovery, the largest one to date, came weeks after the remains of 215 children were found on the grounds of another former boarding school in British Columbia.
Both schools were part of a system that took Indigenous children in the country from their families over a period of about 113 years, and housed them in boarding schools, where they were prohibited from speaking their languages and sexually, physically and emotionally abused.
I guess Canada ain't so perfect, after all.
Trapped in the People's Communist Republic of Massachusetts.
Nope
Unfortunately, it was common with all Indian schools like that.
Money can't buy happiness, but it can buy cigars and that's close enough.
loophole for savvy wealth:
Tax edge
Only weeks after ProPublica leaked the tax returns of the wealthiest Americans, the nonprofit news organization is out with a fresh breakdown on how PayPal (NASDAQ:PYPL) co-founder Peter Thiel "turned a retirement account for the middle class into a $5B tax-free piggy bank." Theil has been a vocal opponent of higher taxes, as well as a major funder of the Club for Growth Action Fund, a heavyweight anti-tax political action committee. According to the publication, he apparently took his opposition one step further, using a Roth IRA account to accumulate a massive amount of wealth.
Backdrop: After Congress created Roth IRAs in 1997, the Clinton administration blocked higher-income folks (singles earning more than $110,000) from opening the funds and capped contributions at $2,000 a year. Theil, who was just starting out at the time, was seemingly eligible to contribute under that amount. Annual contributions to Roth IRAs are now capped at $6,000 (or $7,000 for those who are 50 or older), but there are still many ways to make these accounts grow larger.
Thiel bought 1.7M shares of PayPal in 1999 for $0.001 per share, or $1,700. Within a year, the value of his Roth jumped to $3.8M, and turned into over $30M when eBay (EBAY) bought out PayPal for $19 a share in 2002. Since then he has made highly successful investments in Facebook (FB), Yelp (YELP) and Palantir (PLTR), and by 2019, his Roth held $5B "spread across 96 sub-accounts." The gains from all those sales are tax-free and Thiel could pull out the money in six years when he turns 59½. High-income taxpayers can also use Roth conversions, otherwise known as a "backdoor Roth," where money is moved from a traditional IRA to a Roth after paying a one-time income tax on the transferred assets.
Need of reform? Some are skeptical about the Biden administration's new goals of funding infrastructure plans and other initiatives via taxing the rich. More often than not, it is the ultra-wealthy who could afford the lawyers or the elaborate schemes in order to avoid paying taxes. The report from ProPublica in early June showed that the 25 richest Americans, including Warren Buffett, Jeff Bezos and Elon Musk, paid a true tax rate of only 3.4% between 2014 and 2018 (compared to the 14% in federal taxes paid by the median American household). "Billionaires are going to have to pay their fair share, every year," said Senator Ron Wyden (D-OR), who chairs the tax-writing finance committee.
It's not a loophole, it's the law. No one pays more than the law requires. Even Biden uses an S Corp to reduce his taxes on books and speaking fees. Anyone can do a Roth conversion, not just the "rich". Don't hate the player, hate politicians.
Don't let the wife know what you spend on guns, ammo or cigars.
Yes, that is true. There is something wrong with a law that allows an untaxed accumulation of wealth when it reaches this kind of extent though. A mechanism that lets $1,700 turn into $30,000,000 without a tax burden doesn't seem right to me. Admirable financially but socially bankrupt.
This
Trapped in the People's Communist Republic of Massachusetts.
I understand the point, but what I see is a man who bet money on himself and his company that he founded and had great success in doing so. So much so that his private company got acquired for $30M by another private company in which taxes were paid.
Should the ultra-rich pay more taxes, sure, maybe, probably. But, financial wealth is certain type of success, and if we start taxing people because they have had more financial success, I'm not sure that sends the right message of what this country is all about. Morally, I would hope that people who achieve great success would want others to do the same by sharing their wisdom, knowledge, time, and money.
What would be a good idea, in my opinion, would be to give greater incentives for the ultra-wealthy to give their money away. I'm not talking about the current structure that exists where foundations crop of to accumulate even more wealth. I have no idea what these incentives would look like. Also, I would like to see a true audit of the federal government, so that we could see where these ever-increasing budgets are focused. I'm not confident any iteration of our government has used tax money effectively or wisely, so every year when I hear that the government has a larger budget and it's never enough
Maybe a start would be getting this country to stop hating itself. For so long, maybe forever, one of the prevailing human thoughts is that "if someone is different (wealth, race, religion, background, location, profession, etc.) than you, they are your enemy; if not your enemy, certainly not your friend" (simplistic I know but you get the point). If we could stop telling the ultra wealthy both "you don't deserve that much wealth, so I'm going to try to take it" and "you made that money so you deserve to keep it and bury it with you"; and stop telling the low-income both "you can't but a decent house and afford groceries because your boss's boss's boss wants to buy a new yacht every year, they owe you" and "you're poor, you'll always be poor because you failed and your kids will too", I think we could get alot more done and certainly be alot more content.
Enough idealism, I've got to go clean up toddler poop off of my floor.
I'm a small business owner, probably in the upper 10% somewhere, and my tax burden is nearing 60%. This dude is likely not paying anywhere near that amount; not a fair system in my opinion. I am all for success but I also went to civics classes in school. I make more than I need and the excess after taxes goes to charity. Bezos' exwife is dropping a billion here, a billion there on socially important inequities while Jeff dropped half a billion on a yacht. Good on her. Asking the government to be socially responsible for you is f'd up.
Politics is the gentle art of getting votes from the poor and campaign funds from the rich, by promising to protect each from the other.
~Oscar Ameringer, "the Mark Twain of American Socialism."
When gummint extorts the fruits of a man's success, do they accomplish anything better with the loot?
Agree with you Edward and I don't see it like yourself as a small business owner.
Ultimate question is what should the government be responsible for. And there are as many answers to that as there are people in this country
Or, maybe everyone could pay the same tax rate on income? So Edward 60% drops to 10%, and Bezos and Buffets piddling 3 or 4 % goes up to 10%? Seems fair. I'm sure lots of folks smarter than me won't like it, but I can't help but think it would overall be a more fair distribution of burden, without stifling incentive.
But then, I'm crazy as hell anyway, so, there's that.
"If you do not read the newspapers you're uninformed. If you do read the newspapers, you're misinformed." -- Mark Twain
There was a lot of blow-back when flat tax was proposed, primarily because it put more of a burden on low-wage workers.
from: Auguries of Innocence
BY WILLIAM BLAKE
...The poor Mans Farthing is worth more
Than all the Gold on Africs Shore
One Mite wrung from the Labrers hands
Shall buy & sell the Misers Lands
Or if protected from on high
Does that whole Nation sell & buy ...
https://www.poetryfoundation.org/poems/43650/auguries-of-innocence