[Stocks Make Small Gain for the Week]

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03-08-2020, 12:02 PM

#31

iahflyr

Gets Weekends Off

Joined APC: Jan 2006

Posts: 1,542

Quote:

Originally Posted by SparrowBird

How do you pay so little? I pay 32% alone for federal.

Like everyone else said, it’s the difference between marginal tax rate and effective tax rate. It’s the same thing I have to explain to people who ask “doesn’t California take 10% of your income?” No, my California marginal tax rate is 9.3% and my effective rate is 5.5%.

I do pay 32% of each additional dollar I make to the federal government. That’s a nice little treat from the recent GOP tax reform

. I would have just paid 28% of each additional dollar during the Bush/Obama years.

03-08-2020, 02:34 PM

#32

Slaphappy

Banned

Joined APC: May 2006

Posts: 1,192

Quote:

Originally Posted by atooraya

Why do so many threads turn into a California taxes circlejerk? Somehow, a possible bailout of airlines that post billions of dollars in profits, all on their employees backs, turns into political drivel.

Welfare and entitlements are bad. Corporate welfare and corporate tax cuts are good. I guess listening to AM radio on the ADF is still alive and well...

That's because businesses actually matter to the prosperity of this country as they employ people.

Quote:

Originally Posted by OOfff

whataboutism? In my online discussion?

Calling out Someone's bias isn't whataboutism.

Last edited by Slaphappy; 03-08-2020 at 02:45 PM.

03-08-2020, 03:14 PM

#33

Extenda

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Joined APC: Sep 2014

Posts: 824

Quote:

Originally Posted by Slaphappy

That's because businesses actually matter to the prosperity of this country as they employ people.

Calling out Someone's bias isn't whataboutism.

Bias? I made a factual statement about the tea party’s recent absence in the face of record deficits and spending. Do you agree with me? How do you know I don’t agree with you about the fact it’s strange war protests have diminished after 19 years?

03-08-2020, 04:25 PM

#34

Slaphappy

Banned

Joined APC: May 2006

Posts: 1,192

Quote:

Originally Posted by Extenda

No you made your bias clear when you insinuated that it was and astro-turfed movement.

03-08-2020, 05:01 PM

#35

atooraya

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Joined APC: Nov 2006

Posts: 492

Quote:

Originally Posted by Slaphappy

That's because businesses actually matter to the prosperity of this country as they employ people.

Right. Corporations that make billions and use their money to buy back stock instead of investing to fend off situations like this earned our tax dollars.

03-08-2020, 05:06 PM

#36

JamesNoBrakes

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Joined APC: Nov 2011

Position: Volleyball Player

Posts: 3,982

Quote:

Originally Posted by Slaphappy

That's because businesses actually matter to the prosperity of this country as they employ people.

Calling out Someone's bias isn't whataboutism.

Capitalism is about survival of the fittest, not government bailouts. Someone will always come along to do what your business does, but cheaper, faster, more efficiently, etc. That's why business must continually evolve and from time to time, die, so it can be renewed stronger and better able to survive. Once we start giving handouts and bailouts, we weaken our ability to compete in the world, because we stifle competition and innovation.