U.S. Budget - OBBB | Medicare Part D premiums set to rise

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HintonJamesHeel said:
No way. Musk is complaining because he thinks he can take trillions out of what they have proposed. He thinks because he laid off 70% of the Twitter people he can just do the same for government people. He is not right about this in any way.
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So you think the bill that passed the House is good? Aren't you in favor of cutting the deficit? This bill does the opposite.
 
Calheel said:
Only because Musk actually has ideas he cares about (even if he is an idiot about those ideas) whereas Trump only cares about image and branding.
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There were rumors that Tesla's board was going to replace Elon. One wonders if that sobered him up. Sober, he's annoying but not out of his fucking mind. I think.
 
superrific said:
So you think the bill that passed the House is good? Aren't you in favor of cutting the deficit? This bill does the opposite.
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I’m saying Musk is an idiot because he hates the bill due to the fact he thinks he would be able to balance the budget. He is complaining about the bill due to the fact it adds to the deficit. I would love a balanced budget but we are so far from that, it’s totally unrealistic to set that up as a measure of success. The man is an idiot.
 
HintonJamesHeel said:
No way. Musk is complaining because he thinks he can take trillions out of what they have proposed. He thinks because he laid off 70% of the Twitter people he can just do the same for government people. He is not right about this in any way.
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He is right that the Republican bill will add trillions to the deficit, largely thanks to costly and unnecessary tax cuts. You're certainly correct that his preference would be to much more deeply slash government spending.
 
rodoheel said:
He is right that the Republican bill will add trillions to the deficit, largely thanks to costly and unnecessary tax cuts. You're certainly correct that his preference would be to much more deeply slash government spending.
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We are kind of hosed with our tax policies. 40% of the country doesn’t pay taxes. The tax bracket for the rich is too low. There is no appetite to change it.
 
HintonJamesHeel said:
I’m saying Musk is an idiot because he hates the bill due to the fact he thinks he would be able to balance the budget. He is complaining about the bill due to the fact it adds to the deficit. I would love a balanced budget but we are so far from that, it’s totally unrealistic to set that up as a measure of success. The man is an idiot.
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Link for Musk wanting to balance the budget? Musk is complaining because the bill shows no fiscal restraint whatsoever, which isn't the same thing.

Deficits are linear. A $2T deficit is more financially crippling than a $1T deficit. You're of course both-siding this, but the reality is that only the GOP has an appetite to explode the deficit at this stage in the business cycle. And this deficit explosion is entirely gratuitous and irresponsible.
 
nycfan said:


IMG_7178.jpeg

Elon seems to have finally clocked that he was used by Trump. Something it didn’t take a genius to see coming but for now I’ll just pop some popcorn and watch.

If nothing else, it is satisfying to see a spoiled oligarch learn a lesson about true power.

Kenan Thompson Eating GIF by Saturday Night Live
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When they pulled Musk’s handpicked choice to lead NASA late last week, it was a sign of a power shift … Elon pissed off a ton of people in the Trump Admin o er a handful of months and seemed unaware how tenuous his position as Uncle Elon could be with Trump.

Wow GIF by Knives Out
 
HintonJamesHeel said:
We are kind of hosed with our tax policies. 40% of the country doesn’t pay taxes. The tax bracket for the rich is too low. There is no appetite to change it.
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Where do you get the idea that 40% of Americans don’t pay taxes?
  • If you have a paying job, you pay FISA taxes and might pay state income taxes
  • If you buy things, you likely pay sales tax
  • If you buy gas, you pay fuel taxes
  • If you have a vehicle, you likely pay an annual registration fee and/or property taxes
  • If you own property, you pay property tax
  • If you rent property, property taxes are included in your rent (the landlord is including them in your rent)
  • If you have a cell phone, landline, or cable, you pay taxes
  • If you stay in a hotel, you pay taxes
  • If you eat in a restaurant, you pay taxes
So, who are those 40% of Americans who don’t pay taxes?
 
Zoo_View said:
Where do you get the idea that 40% of Americans don’t pay taxes?
  • If you have a paying job, you pay FISA taxes and might pay state income taxes
  • If you buy things, you likely pay sales tax
  • If you buy gas, you pay fuel taxes
  • If you have a vehicle, you likely pay an annual registration fee and/or property taxes
  • If you own property, you pay property tax
  • If you rent property, property taxes are included in your rent (the landlord is including them in your rent)
  • If you have a cell phone, landline, or cable, you pay taxes
  • If you stay in a hotel, you pay taxes
  • If you eat in a restaurant, you pay taxes
So, who are those 40% of Americans who don’t pay taxes?
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The thread is about the federal budget. Recent conversations have focused on federal deficit. Pretty obvious what was implied.
 
HintonJamesHeel said:
The thread is about the federal budget. Recent conversations have focused on federal deficit. Pretty obvious what was implied.
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“40% of the country doesn’t pay taxes.”

Your words, not mine. You didn’t say, “40% of the country doesn’t pay Federal taxes.” And, if you had, that would be an incorrect statement.

FISA taxes are federal. Federal excise taxes exist. Other Federal taxes exist.
 
Zoo_View said:
“40% of the country doesn’t pay taxes.”

Your words, not mine. You didn’t say, “40% of the country doesn’t pay Federal taxes.” And, if you had, that would be an incorrect statement.

FISA taxes are federal. Federal excise taxes exist. Other Federal taxes exist.
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ok. 40.1% of Americans pay no federal income taxes. That’s a mess.
 
mpaer said:
Does this include Children ? Honest question
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  • Roughly 28% to 30% of adult tax units (individual filers or couples) pay no federal income tax in a typical year.
  • Of that 28–30%, roughly 10–15% of all tax units not only pay $0 but receive money back through refundable credits (i.e., “negative income tax”).

 
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