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Business, Economics, and Tax Policy 8: Bezos Takes Over the World

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Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

John Oliver did a piece on the WWE last night. Might be a great image of what's wrong with America. A multi-billion dollar corporation that uses a loophole to **** over their employees and a avoid real expense to give maximum value to its shareholders.

Sounds pretty familiar.
 
Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

Taxes went up for me big time. I owe in about $400 to the feds. I got $1,400 back last year.

Edit: I was in the area that got squeezed. I lost about $7,000 in combined deductions and exemptions. Hence the increase.

Hey trump, f-ck you
 
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dxmnkd316 said:
Taxes went up for me big time. I owe in about $400 to the feds. I got $1,400 back last year.

Edit: I was in the area that got squeezed. I lost about $7,000 in combined deductions and exemptions. Hence the increase.

Hey trump, f-ck you
Click to expand...

My taxes went down, but my withholding went down further. State *** me over good because I can't itemize any more.

A change in withholding will fix both. When I hit 65, I get a pension exclusion from Maryland.

Now, if I lived in PA, I wouldn't be taxed on my government pension, but they have a nice inheritance tax.
 
Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

dxmnkd316 said:
Taxes went up for me big time. I owe in about $400 to the feds. I got $1,400 back last year.

Edit: I was in the area that got squeezed. I lost about $7,000 in combined deductions and exemptions. Hence the increase.

Hey trump, f-ck you
Click to expand...

Total income went up by $350, total taxes owed went down by $200.

Lost about 4,000 in exemptions/deductions vs. last year since I fell in the gap where itemized+personal exemption > standard, but loss of personal exemption meant standard > itemized alone.

Best part is I still have to fill out the itemized paperwork since I get to itemize on the state return, but have to file the federal form with the state return due to the charitable contributions. And I get to do the state one by hand on a fillable PDF because TurboTax farks up the deductions since we do Married Filing Separately for student loan repayment purposes.
 
unofan said:
Total income went up by $350, total taxes owed went down by $200.

Lost about 4,000 in exemptions/deductions vs. last year since I fell in the gap where itemized+personal exemption > standard, but loss of personal exemption meant standard > itemized alone.

Best part is I still have to fill out the itemized paperwork since I get to itemize on the state return, but have to file the federal form with the state return due to the charitable contributions. And I get to do the state one by hand on a fillable PDF because TurboTax farks up the deductions since we do Married Filing Separately for student loan repayment purposes.
Click to expand...

I prefer Taxact because of the interface.
 
Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

Another 'good' jobs number. Can we really believe any number that the government puts out any more?
 
Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

Maybe it's just me, but I'm okay with it.

Seems to show the shutdown effected the numbers from February (obviously). I didnt know the numbers were released, so when searching for them, the Canadian Labor report was published too, showing a similar addition to their jobs last month.

Overall, how many of those jobs were seasonal startup (farming/construction) is more key.

*edit* We also seem to be approaching the limit for unemoloyment as the curve appears to be similar to a y=1/f(x) curve, with a limit of 3.75
 
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Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

This guy seems to have nailed it, his whole thread us good.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">My least favorite tic:<br>1. During the Obama years, all good jobs numbers were met by political opponents calling the new jobs bad jobs.<br>2. During the Trump years, it's now Democrats making this claim.<br><br>These data don't tell us anything about the quality of the new jobs created.</p>— Justin Wolfers (@JustinWolfers) <a href="https://twitter.com/JustinWolfers/status/1114149187686469634?ref_src=twsrc%5Etfw">April 5, 2019</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>


It's not the fact that there is such continued job growth, it's what type of sh** jobs are being created to continue such growth. Also, wages over the last six months are flattening out again (more? Still? Etc).
 
Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

unofan said:
Total income went up by $350, total taxes owed went down by $200.

Lost about 4,000 in exemptions/deductions vs. last year since I fell in the gap where itemized+personal exemption > standard, but loss of personal exemption meant standard > itemized alone.

Best part is I still have to fill out the itemized paperwork since I get to itemize on the state return, but have to file the federal form with the state return due to the charitable contributions. And I get to do the state one by hand on a fillable PDF because TurboTax farks up the deductions since we do Married Filing Separately for student loan repayment purposes.
Click to expand...

It turns out we had interpreted it wrong. My effective tax rate went down by like 0.4%. I’ve never had to pay in before. Ever. They screwed with withholding to make people think they got a bigger tax cut. I know some people rely on that return. Thankfully I don’t. I haven’t touched my withholding in years and this “reform” changed everything.

The other thing that irked me was the stupid format of the 1040. They took a really well-designed form and in order to make the stupids happy, they broke it into multiple pages so it could “fit on a postcard”. That form had been developed over decades and Trump **** all over it. Hurr ****ing durr.

I was in the same bot with not itemizing for the feds but had to itemize for the state. Just stupid.
 
Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

aparch said:
This guy seems to have nailed it, his whole thread us good.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">My least favorite tic:<br>1. During the Obama years, all good jobs numbers were met by political opponents calling the new jobs bad jobs.<br>2. During the Trump years, it's now Democrats making this claim.<br><br>These data don't tell us anything about the quality of the new jobs created.</p>— Justin Wolfers (@JustinWolfers) <a href="https://twitter.com/JustinWolfers/status/1114149187686469634?ref_src=twsrc%5Etfw">April 5, 2019</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>


It's not the fact that there is such continued job growth, it's what type of sh** jobs are being created to continue such growth. Also, wages over the last six months are flattening out again (more? Still? Etc).
Click to expand...

Since we’re on the capital side at work, we are already seeing the effects of the coming recession. Things are starting to seize up. There’s a lot more hesitation to spend.
 
Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

dxmnkd316 said:
Since we’re on the capital side at work, we are already seeing the effects of the coming recession. Things are starting to seize up. There’s a lot more hesitation to spend.
Click to expand...

My realtor friends are seeing this, too.

Winter is coming.
 
Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

It’s been a good run.

What’s crazy to think about is there are kids who have been working for six to eight years who haven’t seen a recession and what it does. It’s going to be a bumpy ride.

Couple that with the fact that we already cut taxes and interest rates are still at record lows. This one could be a bad one too. Hopefully not though.
 
Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

5mn_Major said:
Another 'good' jobs number. Can we really believe any number that the government puts out any more?
Click to expand...

why are you still asking that after experiencing their inflation numbers?? those certainly ain't new :p
 
Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

$20/hr is the new $15 an hour.

I find it interesting who's behind the push for this. A rising tide raises all ships, and if this is the start of companies paying their employers better, then let's have at it!
 
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