Business, Economics, and Taxes: Capitalism. Yay? >=(

[dxmnkd316]

I still think getting rid of corporate taxes entirely is the way to go and ramp up the income tax brackets. Multiply the amplitude and the ramp rate.

[Deutsche Gopher Fan]

Remember when we used to think Germans were smart?

Up next: abstinence only sex education!

[Swansong]

When I get my severance check- where should I put it? 4 week treasury bonds? That’s in case it needed to be accessed within a month I guess. Guessing I could take some of it and keep it somewhere longer with a higher rate?

This is not financial advice, because Im an idiot with money. So probably do the opposite of this. But I'd keep in cash what you think you might burn through in a few months for living expenses, and then short term invest the rest? Once you find a new gig, then decide what to do longer term?


Wait, that's exactly what you said isn't it.

[dxmnkd316]

Short term is about preserving principle. Frankly, I'm with swan, you got it exactly right DGF

stick with tbills and other short term guaranteed securities.

[Kepler]

Up next: abstinence only sex education!

They have the Plute disease but I don't think they* have Sky Daddy disease.

* The Bavarians might.

[LynahFan]

They have the Plute disease but I don't think they* have Sky Daddy disease.

* The Bavarians might.

They would, except that they forgot that there's a Sky Daddy behind that dude in Rome.....

[LynahFan]

I still think getting rid of corporate taxes entirely is the way to go and ramp up the income tax brackets. Multiply the amplitude and the ramp rate.

Hell no. If you get rid of corporate taxes, that money goes straight to the shareholders (whether in the form of dividends or buybacks), not to wage earners. Get rid of corporate taxes but tax capital gains as ordinary income? Now I'm listening....

[ScoobyDoo]

I see I am joining the majority and enjoying the sticker shock of my increases in home owners insurance and taxes.

[Kepler]

Nothing seems to be happening to either of my places. I'm not sure whether that is because I am on the plateau side of the big jump and have already been paying it.

[Kepler]

Hell no. If you get rid of corporate taxes, that money goes straight to the shareholders (whether in the form of dividends or buybacks), not to wage earners. Get rid of corporate taxes but tax capital gains as ordinary income? Now I'm listening....

I used to believe we should stop taxing corporations entirely and just tax rich people into penury, but I now believe we should tax both. I would absolve businesses from corporate tax if they were wholly owned by the workers, all workers had shares, the ratio of high to low salaries within the company was within set limits, and all workers had full benefits.

Keep the market economy. End Capitalism.

Also: end sales tax and compensate by hiking the high end of income and property tax, and apply a progressive wealth tax that scales from 1% > $10M to 50% > $1B, 90% > $10B, and 99% > $100B. Not an income tax... a wealth tax. Every year. Keep ahead of that if you can, Bezos. You're such a genius I'm sure you can.

No American should have a billion dollars when median American family wealth is $121,000.

[Deutsche Gopher Fan]

They have the Plute disease but I don't think they* have Sky Daddy disease.

* The Bavarians might.

More likely the immigrant population

but I really only said it because it was the first thing that cable to mind when I thought of harmful backwards theories that ruins lives

[unofan]

I still think getting rid of corporate taxes entirely is the way to go and ramp up the income tax brackets. Multiply the amplitude and the ramp rate.

God no. If anything go the other way and treat businesses the same as individuals and actually tax income, not profits. Because all of a sudden you'll see 330 million new LLCs formed over night.

We see this on a smaller scale at the state level in many places already. Odds are your state university's football coach gets paid his nominal salary personally, but all the extras from camps, endorsements, etc. get paid to an LLC to avoid taxes.

[dxmnkd316]

Hell no. If you get rid of corporate taxes, that money goes straight to the shareholders (whether in the form of dividends or buybacks), not to wage earners. Get rid of corporate taxes but tax capital gains as ordinary income? Now I'm listening....

Oh god, sorry, I forgot to mention that. All income is income.

Having just tried to parse IRS Publications 550 and 525 for the exact rules on employee stock programs, it's a ****in nightmare.

[dxmnkd316]

God no. If anything go the other way and treat businesses the same as individuals and actually tax income, not profits. Because all of a sudden you'll see 330 million new LLCs formed over night.

We see this on a smaller scale at the state level in many places already. Odds are your state university's football coach gets paid his nominal salary personally, but all the extras from camps, endorsements, etc. get paid to an LLC to avoid taxes.

That does seem to be a hurdle to what I suggested.

[Deutsche Gopher Fan]

I see I am joining the majority and enjoying the sticker shock of my increases in home owners insurance and taxes.

Isn’t it fun? I’m so tired of the “oh rising values are great” line because these increases will def force some people to not insure their homes at the same level as before