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How tax brackets actually work

SaNdMaN says...

I'm embarrassed to say that, at 36 years of age, I've only learned about this last year. I thought your entire income gets taxed by the top bracket percentage.

Deadlocked Bench Vice is Perfectly Restored

MilkmanDan says...

I wasn't thinking about including YT ad revenue in the economics, but I guess that certainly could be counted and definitely motivate many people.

However, I guess that confirms that it is passion for the work, the machines themselves, and the feedback that are the primary motivators for him. Would probably still be doing these repairs even if YT income / encouraging feedback wasn't a factor, and even without more traditional motivators like plans to resell or use the repaired devices.

I guess the closest parallel would be repairs and restorations for museum displays. There's a financial element there too, but the people doing the restorations do that job more for the love of the objects and seeing them restored.

eric3579 said:

(edited )

From what i can tell he does this because he's passionate about it and how getting feedback from his videos is what brings him the most joy (his reddit comment). I think it has very little to do with anything financial. Although the yt ad revenue for this video is easily into the thousands (1.6 million views). One of these a week, with those numbers, could easily make him a comfortable living.

We explain "Nordic Socialism" to Trump

newtboy says...

I agree....mostly.
My plan, for when I'm emperor, is one tax rate based on the budget that pays for everything in full (no deficit, and pay off the debt) and puts 2% in the bank yearly for future unforseen disasters, with a base deduction of whatever poverty level in your state is +100%, so people barely out of poverty pay nothing.
Whatever that number is should be applied across the board, no loopholes, no special tax rates for certain types of income, no extra exemptions, nothing.
Also, 100% tax on money hidden offshore to avoid taxation and use RICO on the church(s) to pay off most of the debt first.


Yes, there were many reasons why the job market was good in the 50's for white guys, most of which are unthinkable or impossible today. For instance, a single income household with one average salary could not only save, they could often have a continuously rising standard of living. There's no way today, even on two incomes most families are in debt and downwardly mobile.

Mordhaus said:

I would love it if we all paid a proportionate amount of tax regardless of wealth. I would also love it if they would remove all of the various loopholes that let people like our President scam their way out of paying hardly any taxes.

One of the things people always forget about the 50's is that one of the reasons why 'everyone' (white people for the most part, ethnicities need not apply) had good jobs, etc. is because a good chunk of people died in WW2/Korea. We lost over half a million people during the years from 1942 to 1953. Additionally there was a dramatic shift in female employment, meaning that for the first time many households were not wholly dependent on one salary.

We explain "Nordic Socialism" to Trump

MilkmanDan says...

Even if Americans wouldn't accept the level of taxes and other wealth distribution methods that happen in Denmark, I think that we'd almost certainly be net better off / "happier" / have a higher standard of living if we moved in that direction at least a little bit.

Yes, Americans want to be rich. But, the 1% is going to be relatively equally happy whether they are 10 times, 100 times, or 1000 times richer than the 98th percentile just below them. Today, that disparity is massive. In eras that the GOP likes to remember as the good ol' days, say the 1950s, rich was still rich but nowhere near as far beyond the middle class as it is today.

High(er) taxes, particularly on income in those top percentile tax brackets, allow for the superior infrastructure, health care, and educational opportunities that benefit *everyone* and allow for the "American Dream" of anyone being able to make it big with a good idea, a lot of hard work, and a little luck. I don't think that recipe for success actually pans out in modern America, and that is a shame.

TED Talk: Whitopia

Drachen_Jager says...

Can you show me where I argued against the statement, "Blanket racial statements are wrong and racist."

If not, perhaps you should go back and take some refresher English classes (preferably some Logic classes too).

Just like Newtboy, you're trying to put words in my mouth. Until you learn how to actually parse sentences and assemble a logical argument there's just no point.

And, in case you had trouble figuring it out, words like "likely" and "could" tend to defuse the "blanket" nature of statements. I can make a ton of statements using those words that are 100% correct.

"A randomly-selected group of Black Americans likely has a lower income than an equal-sized group of White Americans."

Explain to me how that's wrong. For that matter, explain to me how it's a "blanket" statement.

And, just to be clear, there's a wide chasm between using such a statement and arguing against the proposition that such statements are bad. People do bad things all the time that they fully acknowledge are bad. Simply doing a thing does not mean you think it's good.

greatgooglymoogly said:

So "not entirely inaccurate, though" equals "that statement is wrong" to you? I can see why it's so hard to have a discussion in the English language with you. Is it not your original language?

"they are likely mistrustful of people who don't look like them and could be swayed by one or two strong voices to persecute those they see as "other""

Seems like you're fine making large behavioral generalizations based on skin color, or am I reading that one wrong too?

How these penny-pinchers retired in their 30s

newtboy says...

My household income is about $30k for two adults and two stupid furry children (dog and cat). We live quite nicely because we aren't trying to keep up with the Jonses. We even go on international vacations almost yearly. It's really not that hard.

Brett Kavanaugh Is a Terrible Judge & a Liar...

newtboy says...

Bob. You're just being stubborn.
They didn't refute anything..
Guess all logic escapes your brain. "I don't know" is different from "it didn't happen", they all said "I don't know, I don't recall, I don't think he would do that", not "I know it didn't happen"....guess that's too nuanced for today's republicans' education levels. Sad.

Democrats (all senators) are barred from discussing the FBI report in detail at all, so it's against Senate rules for them to refute any details. They did contradict the idea that it's a report of an investigation of the charges since the fbi refused to interview the accused, the accuser, anyone the accuser named as having knowledge, or inspect her medical records, or any other evidence she has offered them.

No, democrats aren't saying you have to believe her, they're saying you have to actually investigate her charges, democrats and independents are saying his demeanor is unsuited for the supreme court based on his Senate testimony, which was all a display of Republicans spinning on their uncontrolled emotions. Watching it confirmed that "feeling".

Jebus Christ, you can't even keep your own made up numbers right, yesterday it was 17, today it's 10, by next week it will be 15 agreed with her at this rate. Facts are Ford said one thing, others say they didn't see that, only Kavanaugh says it didn't happen.

You heard RGB is upset with democrats enough to quit? Lol...from where, Alex Jones or Trump?

I hope Dumbocrats pull the same move retardicans did and refuse to hold hearings if there's another opening, but they have no spine so likely won't.

Yeah, that lone number looks good by itself, you must be so proud of winning so bigly, and pleased your president has strengthened our union so well instead of dividing us further. Unemployment rates are down, but so is average worker income. More people are working more today, but for less money. I would prefer much higher unemployment with wages high enough that single worker households and stay at home parents become a thing....we're going the other direction to the point where multiple wage earners require multiple jobs just to keep a modest family solvent. If full employment still leaves one in poverty, having more people employed hardly helps escape poverty.

Congratulations on getting a hugely divisive temperamental judge forced through by the skin of your teeth. No whining if democrats do the same things in 2.5 years.

bobknight33 said:

No one can confirm her testimony because all that she named refuted it-.. Guess this escapes the logic cells of the leftest brain.

Democrats never contradicted the latest FBI report. There is no there there. So they went with more smear and innuendo.

Conservatives are not spinning emotions, Democrats are. You "have to believer her" On what grounds? No one confirms her story.

Facts are 10 say one thing and Ford say the opposite. ..

Welcome to the new SCOTUS Kavanaugh.

I heard that RBG is disgusted by the Democrat tactics used. Can we say SCOTUS pick #3? Do you think Democrats can pull this sleazy slanderous stunt again?


Democrats are loosing bigly on every issue, Trade, NAFTA, Korea, Paris Climate accord, etc, Most of these are nothing more than major American Job killers and Trump is calling BS for what it is and bring jobs back. 4.2% GDP growth ,, unemployment down to 3.9,% lowest in 39 years.

Liberal Democrat wants To have Confirmation Brett Kavanaugh

00Scud00 says...

It makes perfect sense when you line it up with all the other issues like god, guns, gays, civil rights and so on. Notice these are all things that have little to do with the economy or massive income inequality, the rich keep the masses distracted with shiny objects and things they don't care about while they continue to take over everything.

newtboy said:

This is why I cannot understand most "conservatives" wanting to ban abortion, or at least wanting to make it a state by state right, eradicating it outright or regulating it to death in most red states.

As a group, they complain that minority populations are growing much faster than white populations (making whites a minority), but then create policies that can only exacerbate that disparity (because as you hinted, white girls are more likely to be able to afford to travel out of state to get an abortion). They complain about a prevalence of single parent households, and create policies that can only create exponentially more. They complain about uneducated baby factories living off the state but want many pregnant teens to have no choice but to leave school and become an uneducated baby factory living off the state.
WTF people?

Bill and Melinda Gates Scholarship Experiment Proves a Point

What is Intergenerational Poverty?

Mordhaus says...

My mom didn't marry my father. I never knew him. I was placed with my Grandparents because my mother wasn't done with her fun 70's lifestyle.

My Grandfather was a violent alcoholic who was only able to get money because my Grandmother was disabled and he was paid to be her caretaker for part of the week. We ate from the garbage sometimes at Safeway (Randalls). We supplemented our income by picking up cans on the roadside. I lived right on the border of the Tohono O’odham reservation and had to go to their school for 5 grades.

Then we moved to Texas, I had to go to a reform school in Killeen for one year because they couldn't find room for me in the regular school and we lived too far outside the city. The next year, after being in multiple fights and failing the 6th grade because I couldn't concentrate on my studies, I was allowed to go to a smaller country school on hardship.

Every single one of my immediate relatives had some type of drug issue or were mentally ill. All 3 of my Uncles were criminals. I had major problems with trust and making friends because of these and other related issues. I played football primarily to hurt other people. I suffer to this day from anxiety and depression.

Yet, thanks to nonexistent government programs designed to prevent me from succumbing to Inter-generational Poverty, I somehow managed to be the first person from my family to go to College, not be addicted to drugs, have a completely functional and non-abusive marriage that has lasted almost 20 years, and managed to make a quite successful career in computers that allowed me to retire early when I started having health issues.

Yes, I thank the government every single day for all they did for me, because there was no way I could have overcome the hand I was dealt without their help. I would have just been poor, white trash like the rest of my family, since no one can strive for a better life or aspire to anything unless they have the hand of Big Brother to lift them up.

bcglorf (Member Profile)

newtboy says...

I don't disagree, and we have much the same thing in practice if not by law with our native people's, they even have their own separate tribal police, courts, and laws. They are in many ways a different country inside our borders.
I agree, removing the disparities in lower education is far more desirable....but at least here we're doing the opposite, defunding public schools and programs that offer assistance like breakfast and lunch while also making it easier for affluent people to use public funds to pay for private schools, effectively defunding the public schools even farther.
That leaves us trying things like affirmative action in admissions to try to mitigate the continuing unfair, unequal opportunities lower income students face. Far from ideal, but better than another poke in the eye with a sharp stick, as my wife used to say....and she ought to know! ;-)

They might put the argument in different terms. Which do you prefer....giving admission advantages to aboriginal students in recognition of the piss poor opportunities they've had educationally, or give sentencing advantages to aboriginal criminals in recognition of the across the board piss poor opportunities they've had, recognizing that neither approach addresses the underlying problems, only the results of those long standing issues that simply are not being addressed at all.
What doesn't work is ignoring their lack of opportunities and expecting them to perform on par with other, non disadvantaged kids. That just gets you uneducated, pissed off adults with a chip on their shoulder and no prospects for improvement.

So.....until we actually get to work improving their overall situation, easier said than done, it behooves us to give a leg up to those trying hard to do it for themselves....no? Otherwise we're likely just perpetuating a cycle of criminality that hurts us all.

The Check In: Betsy DeVos' Rollback of Civil Rights

newtboy says...

That only works if there's equality in lower/mid level education, giving all students a reasonable opportunity for quality education before that SAT testing, and there is not.
Low income district schools are at a distinct disadvantage in funding, facilities, and availability of assistance, as are low income students. Female students have, historically, been discouraged from pursuing science and math, especially at high levels.

Equality of opportunity at least to a reasonably competent base level of education is considered a civil right. Because we are still far from reaching that ideal, rolling back programs designed to address the continued shortfalls IS a rollback of civil right protections in the same way rolling back civil right protections in our election system was a rollback of the voting rights for a large, specifically targeted population which led instantly to attempts to return to old, clearly discriminatory practices designed to deny voting rights.

bcglorf said:

From the outside looking in though, requiring diversity of genders and races by law is the issue.

If we simplify student quality down to only their SAT scores, what is the fair and equitable method of picking the 100 students that get admitted for the upcoming year?

Here's what I think a color-blind non-racist equal opportunity minded admission process looks like. Sort the students by SAT score and admit the top 100.

Looking at the comments from the left, by example the Daily Show video jabs above, the process I described is considered a rollback of hard fought civil rights.

???

bobknight33 (Member Profile)

JiggaJonson says...

https://www.justice.gov/file/1015126/download
"On or about December 29, 2016, FLYNN called a senior official of the Presidential Transition Team ("PTT official"), who was with other senior ·members of the Presidential Transition Team at the Mar-a-Lago resort in Palm Beach, Florida, to discuss what, if anything, to communicate to the Russian Ambassador about the U.S. Sanctions. On that call, FLYNN and 2 Case 1:17-cr-00232-RC Document 4 Filed 12/01/17 Page 2 of 6 the PTT official discussed the U.S. Sanctions, including the potential impact of those sanctions on the incoming administration's foreign policy goals. The PIT official and FLYNN also discussed that the members of the Presidential Transition Team at Mar-a-Lago did not want Russia to escalate the situation. "

^The Trump campaign knew about him breaking the law conducting affairs with a foreign adversary but still kept him in the White House until it was clear he was going to be indited.

Also, Flynn and Kushner (again this is prior to swearing in, aka illegal) https://www.wsj.com/articles/flynn-promoted-nuclear-plant-project-while-in-white-house-1505328226

--------------
--------------

I can go through the rest, but see for yourself
https://www.justice.gov/sco
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^All the indictments hosted on the justice department's website.

I could go through all of them like I did Flynn above, but thankfully, people are already compiling a list of contacts and the denials associated with said contacts: https://cdn.themoscowproject.org/content/uploads/2018/06/14110352/MoscowProject-TrumpContacts-0618.pdf

---------------
---------------

And last but not least, those denials about contact that were made to the investigators arguably constitute obstruction of justice, the thing Nixon and Bill Clinton were impeached for.

Here's a quote from Nixon's first article of impeachment:
"The means used to implement this course of conduct or plan included one or more of the following:

making false or misleading statements to lawfully authorized investigative officers and employees of the United States;

withholding relevant and material evidence or information from lawfully authorized investigative officers and employees of the United States;

approving, condoning, acquiescing in, and counselling witnesses with respect to the giving of false or misleading statements to lawfully authorized investigative officers and employees of the United States and false or misleading testimony in duly instituted judicial and congressional proceedings;

interfering or endeavouring to interfere with the conduct of investigations by the Department of Justice of the United States, the Federal Bureau of Investigation, the office of Watergate Special Prosecution Force, and Congressional Committees;"

http://watergate.info/impeachment/articles-of-impeachment


Honestly now, has Trump made any false or misleading statements about his team's contact with Russia? Has he withheld any relevant evidence?




Did he endevor to interfere with the conduct of an investigation?

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-----------------
-----------------

So did he collude with Russia? who cares, no one is being charged or investigated with collusion.

Did he obstruct justice by misleading any US official or interefere with said investigation? That's debateable, and we'll have to see all that Meuller is going to put in the public record before anyone can make a clear decision. But it sure as hell looks bad, and it's very much NOT "Still no crime Still ZERO ZIP NADA"

If you look at the timeline for Nixon or Bill Clinton's impeachment, a lot of staffers (human shields) went down before the investigators got to the top.
https://en.wikipedia.org/wiki/Timeline_of_the_Watergate_scandal
http://academic.brooklyn.cuny.edu/history/johnson/clintontimeline.htm

bobknight33 said:

So what is the connection with Trump?

Mueller has caught up some folks for past deeds, which is good. What connections are there with the election?

Bill Maher - Sen. Bernie Sanders

RFlagg says...

How do they take our money? Half the people who work for Walmart qualify for food stamps, even though they make so much money they could easily pay living wages, give benefits and still make a profit. This happens at big companies all across the country. That's how they take our money. But you, as a Christian, don't give a crap about those employees, they just better get another job and work 80 hours a week, so they don't have to get food stamps, just so the rich people running these companies and the shareholders can continue to reap in the huge amounts of money. Who cares Jesus commanded you to help the poor, and that the rich were going to hell, in modern Christian culture it is the rich who are blessed, and the poor who need to be vilified.

I'd wager most of us are working, probably 40 hours or more. Used to be that one person in the family working 40 hours a week was enough. Now that isn't enough in most cases. That money moved to the top. We have one of the largest and fastest growing wealth and income gaps in the world, and in history. Real world income isn't staying with inflation, but that 1% that modern Christians love so much, is staying so far ahead of the curve.

And as to, "they like making $8 an hour" bull fucking shit. While I'm making well more than that, I know that isn't true. They got the best job they can get. It's not that people aren't applying for the jobs that are out there, the employers aren't hiring the people applying. Perhaps that person making $8 an hour doesn't have a college degree, and can't afford to go to college. I have a worthless bachelor's degree in "programming and applications" which basically means I know how to use Word, which I knew before I had it (I could have taught even the programming classes for all the further we got into the programming). That degree cost me near $25k, and who knows how much it'll cost by the time I'm done paying it off with all the interest on it. Back on point, those people can apply to a ton of jobs, but unless they are qualified they won't get it, and even among those they do qualify for, there are a ton of applicants for each job out there. Nobody is working Walmart, McDonald's, Lowes or whatever because it's their dream job. It's the job they can get.

Why should you make a living off 40 hours a week, but they should have to work 80? Why the double standard? Why say let the rich owners and shareholders take that income that used to go to the workers and just say f the employees, so long as I make a living at 40, those people better just work longer. This is why I HATE Christianity because every person who thinks that is a Christian. Every person who thinks that LGBTQIA+ people shouldn't have equal rights under the law is a Christian. Every person who was shouting "let him die" at the Republican debate in '08 in regards to a guy without insurance, was a pro-life Christian. Every person who cheered at the idea of carpet bombing at the 16' debates were pro-life Christians. It's why, in the unlikely event it is real, I'd rather burn in hell than be around those people for all eternity. I've never met a good right-wing Christian. Never. They are all evil vile people who are full of greed and have zero of the love of Christ. Their witness is a shining example of how evil and vile Christianity is.

I'm surprised that fat tub of lard Trump, who dictated his son's letter, who dictated his Doctor's letter, can swing a golf club as often as he does... a guy who bitched and moaned about how often Obama golfed, and who's own golfing and vacation time has far outdone Obama's golfing and vacation time.

We got a President, flagrantly breaking the emoluments clause, and nobody seems to give a rats ass (save a few on the further end of the left, certainly the mainstream media, which Fox and the right accuse of being far left, doesn't care, nor do even moderate Democrats).

I know you don't believe he, or Fox and the like are the ones doing the lies and deceit... and nobody will ever convince you otherwise. I know, because I too once was a far-right Christian, who only trusted Fox, and thought the science of climate change was a joke, as was evolution and the big bang (though I was an old earth creationist, I could never get into the 6,000-10,000-year-old argument)... then I learned to actually vet my news and information. I have no doubt that most of my anger at the right is the fact I was so easily deceived for over 30, nearly 40 years of my life. Hopefully, in the highly unlikely event that others on the right learn that they are the ones who've been lied to, that they are the ones more guilty of spreading falsehoods, deceit, greed, and setting a horribly bad witness for their faith that does far more harm than good, they don't get as angry as I did and leave the faith all together and then hate all of what they once were a part of.

bobknight33 said:

Our Money? How does the 1% take our money?

Bill Gates getting 1$ per copy of windows.
Jeff Bezo getting 3 cents from every product.

This is the 1% and and you consider that this is ripping off the 99%?

No one is stealing YOUR money ( except Government). GET off you ASS and make more. No one is stopping you.


Those making 8$/hr like making 8$/hr otherwise they will find a better paying job. AT 3.9% unemployment rate this should not be hard to do. You can thank MR. Trump for that.

What Really Separates the Rich From the Poor

ChaosEngine says...

Wow. Kinda surprised that you posted this @C-note.

This video completely ignores all the systemic issues that create poverty. Most people don’t have passive incomes because passive incomes come from investments.

Basically this is typical, right wing, pull yourself up by your bootstraps bullshit.



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