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Radbot posted:That they pay an effective rate at or near 40%, schmuck. Citation seriously needed. Radbot posted:Did you include state taxes? Again, you clearly don't know anybody in Silicon Valley if you don't think think people can and do pay 40% effective rates when the state portion is factored in. I say SV because there are a lot of wealthy wage earners (as opposed to investors, etc.) there. If you include state taxes, in most cases you have to hit $750,000 or more a year in order to hit 40% total, sometimes you have to go into the millions. Many states only go up to single digit upper level tax rates, and often only after rather high bars. In Massachusetts for instance, which has fairly high income taxes, the tip over point is around $780,000 per year assuming just the same sort of deductions that an average dude making $50,000 would also qualify for. For California, it looks to be around $425,000 a year that you tip over 40%, which is a salary well beyond most "common rich" folks like your standard doctor doing pretty well for himself, or lawyer, or whatever. Obviously you're at the point where you can afford an accountant with pocket change too, and probably take that number down a fair way with minimal effort, since you're earning over 3/4 of a million per year.
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Sep 28, 2015 20:37
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Mr. Nice! posted:State income taxes are federally deductible and no one is counting the state portion when they're talking about federal income tax. No one in the 40% federal bracket is paying anything close to a 40% effective federal income tax rate. and they're not supposed to, because that's not how marginal tax brackets work
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Sep 28, 2015 20:39
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Radbot posted:Did you include state taxes? Again, you clearly don't know anybody in Silicon Valley if you don't think think people can and do pay 40% effective rates when the state portion is factored in. I say SV because there are a lot of wealthy wage earners (as opposed to investors, etc.) there. Good. SV techno nerds are the reason the 9ers are basically a flaming turd.
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Sep 28, 2015 20:40
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Radbot posted:This line works a little bit better on Jamie Dimon than it does the junior product manager at a small startup, in my opinion. The line is for the people who have a role in taxing said product manager or the poor who benefit through a better funded social safety net. Sure, it's easier if everyone is on board, but my heart doesn't bleed because the really wealthy guy doesn't feel all that wealthy.
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Sep 28, 2015 20:40
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DeathSandwich posted:IIANAL, but my understanding is that double jeopardy does not apply if new outstanding implicating evidence is found, but in that case it's harder to get old evidence into trial. Double jeopardy is jurisdictional. So Florida couldn't retry him no matter what he said or did. However, the federal government, if it had a charge it could support in court, could take a whack at him.
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Sep 28, 2015 20:41
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Nintendo Kid posted:Citation seriously needed. But what about all the poor junior product managers making $500k a year in Silicon Valley
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Sep 28, 2015 20:41
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Series DD Funding posted:I wouldn't call not taxing money we currently sort of tax "closing a loophole" I mean, we already don't tax foreign profits til they come back to the US. It wouldn't be all that big of a shift - most of the problems stem less from whether we're territorial or global and more from the rules on what deductions count that allow profitable use of tax inversions by assigning value in foreign low tax jurisdictions and debt in the US/high tax jurisdictions. Those are the bigger problems, not whether we tax when the money comes back to the US or not.
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Sep 28, 2015 20:48
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Bob Ojeda posted:But what about all the poor junior product managers making $500k a year in Silicon Valley They're the ones who are going to allow the GOP to make a successful pivot to libertarianism, thanks to being painted in the same light as Martin Shrekli or whatever the gently caress his name is
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Sep 28, 2015 21:00
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Bob Ojeda posted:But what about all the poor junior product managers making $500k a year in Silicon Valley If they exist, there aren't many of them. You've got a pretty skewed view of you think that's at all reasonable. Either that or I need to brush up my resume in a big way. DeadlyMuffin fucked around with this message at 22:36 on Sep 28, 2015 |
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Sep 28, 2015 21:01
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Radbot posted:They're the ones who are going to allow the GOP to make a successful pivot to libertarianism, thanks to being painted in the same light as Martin Shrekli or whatever the gently caress his name is Oh no they're going Galt  Why didn't we listen!
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Sep 28, 2015 21:03
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DeadlyMuffin posted:If they exist, there aren't many of them. You've got a pretty skewed view of you thing that's at all reasonable. Lots and lots and lots of sovereign wealth funds own property in the bay. KSA, China, etc., all of these countries that can confiscate superwealth due to political concerns have megabux stored in god honest American Real Estate (tm) in a City They've Heard Of (tm) so that when uncle gets locked up in an insane asylum their overseas kids in college will have something to fall back on. Like an apartment building or twelve. Silicon Valley is one of the ways money translates into productive activity. Because our economy is so hosed up and distorted, and there's so much capital sloshing around, it's hard to find new things to invest in that make money. Think of it like inflation, except instead of paying more for rakes, we're paying more for what is becoming less and less viable in this broken economy: An actual, new, productive enterprise. Martin Random fucked around with this message at 21:08 on Sep 28, 2015 |
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Sep 28, 2015 21:06
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Radbot posted:They're the ones who are going to allow the GOP to make a successful pivot to libertarianism, thanks to being painted in the same light as Martin Shrekli or whatever the gently caress his name is No they aren't, because like 8 guys in Mountain View aren't a viable national or even regional base. DeadlyMuffin posted:If they exist, there aren't many of them. You've got a pretty skewed view of you thing that's at all reasonable. He was being sarcastic about startup darlings.
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Sep 28, 2015 21:09
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The next time a Republican wins the White House they will win Silicon Valley.
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Sep 28, 2015 21:13
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Trabisnikof posted:The next time a Republican wins the White House they will win Silicon Valley. So, never?
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Sep 28, 2015 21:16
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zoux posted:So, never? Depends on if the Republican Party goes back to their big business roots.
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Sep 28, 2015 21:21
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quote:With John Boehner now departing as House speaker, an influential Republican Party official is now seeking the ouster of another GOP leader who has frustrated conservatives: Senate Majority Leader Mitch McConnell. http://www.washingtontimes.com/news/2015/sep/27/mitch-mcconnell-pushed-resign-senate-majority-lead/?page=all 
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Sep 28, 2015 21:24
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Radbot posted:They're the ones who are going to allow the GOP to make a successful pivot to libertarianism, thanks to being painted in the same light as Martin Shrekli or whatever the gently caress his name is lol no they won't. what's going to happen is that the GOP's army of racists and theocrats is going to finally buck off the establishment leadership, and the party will become a far-right populist rump governing what are now red states and being marginalized at a national level icantfindaname fucked around with this message at 21:35 on Sep 28, 2015 |
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Sep 28, 2015 21:31
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You can't cut back on tax cuts! You will regret this!!!!
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Sep 28, 2015 21:32
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So are they just trying to burn down their house while their still in it? Like, it's almost like they are suicidal.icantfindaname posted:lol no they won't. what's going to happen is that the GOP's army of racists and theocrats is going to finally buck off the establishment leadership, and the party will become a far-right populist rump governing what are now red states and being marginalized at a national level A Split in the Repbulican and Democratic party would be a good thing. More parties!!
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Sep 28, 2015 21:33
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Trabisnikof posted:The next time a Republican wins the White House they will win Silicon Valley. Unlikely, most of them never bother to vote.
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Sep 28, 2015 21:35
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Actually because our God is malevolent and hates us the Republicans look like they will be strong enough at a national level to basically shut down the federal government for a long time But a pivot to SF techie soft-libertarianism is never going to happen. It would require them to drop the social issues that fuel the base which has taken control of the party, and it's an insignificant demographic numerically
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Sep 28, 2015 21:36
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Nintendo Kid posted:Unlikely, most of them never bother to vote. Don't confuse "the new interns" with Silicon Valley. I think you'd find that in fact middle aged suburban middle class economic conservatives do tend to vote.
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Sep 28, 2015 21:42
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Trabisnikof posted:I think you'd find that in fact middle aged suburban middle class economic conservatives do tend to vote. The problem is that the traditional white flight suburban middle class conservative and the SF techno-libertarian, though economically the same as SF techno-libertarians, are not the same group and people don't vote based entirely on an economic basis, they vote based on self-identification. I predict that that demographic stays Republican to the bitter end, and the SF techno-libertarians stay Democrats. What will happen is that the Reaganite suburban conservative will go extinct because of the slow disintegration of the postwar middle class, and the Republicans will be left with a rump of poor racists, while the Democrats remain the party of the new techno-bourgeoisie The Republican party sold its soul to white nationalism and theocracy a long time ago, and it won't be able to scam its way out of that deal icantfindaname fucked around with this message at 22:07 on Sep 28, 2015 |
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Sep 28, 2015 22:04
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Nintendo Kid posted:Unlikely, most of them never bother to vote. Create an app that gamifies and promises to disrupt the voting process and you'll see 100% turnout
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Sep 28, 2015 22:12
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We live in historical times friends, as the Benghazi probe is now the longest Congressional investigation of all time. The previous record holder was some small dustup called "Watergate".
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Sep 28, 2015 22:13
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Aerox posted:http://www.washingtontimes.com/news/2015/sep/27/mitch-mcconnell-pushed-resign-senate-majority-lead/?page=all Good god when did the Washington Times' site become absolute poo poo?
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Sep 28, 2015 22:21
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zoux posted:We live in historical times friends, as the Benghazi probe is now the longest Congressional investigation of all time. Goddamn Republicans are dumb 
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Sep 28, 2015 22:25
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pathetic little tramp posted:Good god when did the Washington Times' site become absolute poo poo? When was their first paper printed? The times has always been moonie poo poo, the post at least tries to be objective.
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Sep 28, 2015 22:26
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Aerox posted:http://www.washingtontimes.com/news/2015/sep/27/mitch-mcconnell-pushed-resign-senate-majority-lead/?page=all Is this one of those times where the turtle is easily turned over onto his back, or will he attempt to bite my finger?
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Sep 28, 2015 22:49
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zoux posted:We live in historical times friends, as the Benghazi probe is now the longest Congressional investigation of all time. what exactly do they hope to find? the best outcome the GOP can find is that we should have know about the attacks but the intel got lost in the shuffle/etc.
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Sep 28, 2015 22:52
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Dapper_Swindler posted:what exactly do they hope to find? the best outcome the GOP can find is that we should have know about the attacks but the intel got lost in the shuffle/etc. Nothing, but that's the point.
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Sep 28, 2015 23:02
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Dapper_Swindler posted:what exactly do they hope to find? the best outcome the GOP can find is that we should have know about the attacks but the intel got lost in the shuffle/etc. It's not even about finding anything. It's about there being an investigation endlessly drumbeating in the background on Fox News so that when people hear "Benghazi" they vaguely remember "bad thing"
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Sep 28, 2015 23:05
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Dapper_Swindler posted:what exactly do they hope to find? the best outcome the GOP can find is that we should have know about the attacks but the intel got lost in the shuffle/etc. They hope to find Hillary's numbers dropping.
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Sep 28, 2015 23:05
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Dapper_Swindler posted:what exactly do they hope to find? the best outcome the GOP can find is that we should have know about the attacks but the intel got lost in the shuffle/etc. They don't expect to find anything. They know there is zero point jack poo poo to find, they knew that years ago. The point is to keep Benghazi  conspiracy, alive so they can whip the mouth breathers that are their base into a constant state of frenzy and give politicians red meat to throw to their constituents.
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Sep 28, 2015 23:06
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Job Truniht posted:I hate to say it, but this is a thing that should happen unironically. Nonsense posted:Good ideas are meaningless if they're dependent upon unspeakable policy. Only hope is CNN or something spots what you noticed, and brings it up, creates enough of a stir with the question to get Dems to think about the issue as well in their own debates/policies. Just to clarify, he doesn't do that. He singles out the mortgage interest deduction to stay: quote:Charitable giving and mortgage interest deductions will remain unchanged for all taxpayers.
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Sep 28, 2015 23:13
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Anything new regarding the debt ceiling?
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Sep 28, 2015 23:18
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Hieronymous Alloy posted:It's not even about finding anything. It's about there being an investigation endlessly drumbeating in the background on Fox News so that when people hear "Benghazi" they vaguely remember "bad thing" fade5 fucked around with this message at 23:22 on Sep 28, 2015 |
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Sep 28, 2015 23:18
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zoux posted:We live in historical times friends, as the Benghazi probe is now the longest Congressional investigation of all time. If we're getting the Permanent Benghazi Investigation Committee from Alpha House, can ws get the high-profile Republican lesbian marriage too?
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Sep 28, 2015 23:18
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mcmagic posted:Trump's tax plan will probably be the least odious of any GOP candidate... It can't be that much better than the poo poo they normally offer if Grover Norquist gave it his approval.
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Sep 28, 2015 23:20
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Ted Cruz just moved to table the senate's clean CR, couldn't get a second. He is now railing against the senate GOP leadership for vowing no shutdown
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Sep 28, 2015 23:27
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