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re: Did my taxes

Posted on 1/28/24 at 5:26 pm to
Posted by Powerman
Member since Jan 2004
162278 posts
Posted on 1/28/24 at 5:26 pm to
The people that bitch the most about taxes don't really pay that much
Posted by pbro62
Baton Rouge
Member since May 2016
11552 posts
Posted on 1/28/24 at 5:30 pm to
You don’t even pay taxes stupid frick living off gubment dime
Posted by pbro62
Baton Rouge
Member since May 2016
11552 posts
Posted on 1/28/24 at 5:31 pm to
That’s not true you stupid frick
Posted by cwill
Member since Jan 2005
54753 posts
Posted on 1/28/24 at 5:35 pm to
quote:

Y’all are so damn ignorant. It truly is amazing to see such ignorance on full display.



Lay it out brother. I'm always interested in learning.
Posted by jimmy the leg
Member since Aug 2007
34754 posts
Posted on 1/28/24 at 5:37 pm to
Elections should be held on April 15th.
Posted by Powerman
Member since Jan 2004
162278 posts
Posted on 1/28/24 at 5:37 pm to
quote:

That’s not true you stupid frick


If someone is pulling in a top 10% income they're likely not crying about taxes

It's usually the lower middle class crying about the very paltry taxes they actually pay
Posted by pbro62
Baton Rouge
Member since May 2016
11552 posts
Posted on 1/28/24 at 5:39 pm to
Again not true. Speak for yourself. I make plenty and pay plenty but will not speak for how others feel and it impacts them.
Posted by Powerman
Member since Jan 2004
162278 posts
Posted on 1/28/24 at 5:40 pm to
And you probably go about your life without the slightest fricking clue of how many government services you use
Posted by nola tiger lsu
Member since Nov 2007
5360 posts
Posted on 1/28/24 at 5:43 pm to
This thread is amazing theater. I pay probably more than any of you so enjoy my money.

ETA: "You" applies to the secession crowd and the whiners.
This post was edited on 1/28/24 at 5:46 pm
Posted by nola tiger lsu
Member since Nov 2007
5360 posts
Posted on 1/28/24 at 5:45 pm to
quote:

The people that bitch the most about taxes don't really pay that much


Totally, as I mentioned above, I guarantee they use services off my money. Im just educated enough to know what is funded and that taxes are a necessary evil.
Posted by Nosevens
Member since Apr 2019
10553 posts
Posted on 1/28/24 at 5:45 pm to
Says the person who doesn’t pay ??
Posted by Paddyshack
Land of the Free
Member since Sep 2015
8539 posts
Posted on 1/28/24 at 6:00 pm to
quote:

Lay it out brother. I'm always interested in learning

You lay out your argument for how these dumbfricks, who cant define woman and swore inflation was transistory, suddenly have the wherewithal to decrease our money supply while still spending like drunken sailors and increasing the national debt.

This should be good.
Posted by PsychTiger
Member since Jul 2004
99531 posts
Posted on 1/28/24 at 6:03 pm to
I have 8,000 rounds. Guess I need to start buying more.

To my FBI monitor, those are rounds of liquor shots.
Posted by Diamondawg
Mississippi
Member since Oct 2006
32439 posts
Posted on 1/28/24 at 6:05 pm to
quote:

Don't pay early
Time value of money. So many folks don't understand it.
Posted by imjustafatkid
Alabama
Member since Dec 2011
51027 posts
Posted on 1/28/24 at 6:11 pm to
quote:

He's a retard. Don't humor him.



I believe that's a she, but you're right about the rest.
Posted by imageauto
Member since Apr 2020
150 posts
Posted on 1/28/24 at 6:14 pm to
nola tiger, do you need mommy to bring you a hot pocket?
Posted by Houag80
Member since Jul 2019
9449 posts
Posted on 1/28/24 at 6:42 pm to



Right. Xavier fig.
Posted by Coach72
Lafayette
Member since Dec 2009
1433 posts
Posted on 1/28/24 at 6:59 pm to
quote:

Secession talk is automatically clear you work some shitty job somewhere so you hate everything


Haven't read any of your other posts, but now that you've outed yourself as a complete moron, I won't have to - thanks.
Posted by cwill
Member since Jan 2005
54753 posts
Posted on 1/28/24 at 7:01 pm to
quote:

suddenly have the wherewithal to decrease our money supply


Well, first it's the Fed, with the same makeup as existed under Trump. The Fed for the past two or so years has been tightening the money supply, it does this by selling its assets into the market and sucking that cash out of the system - reducing the money supply. Here's an explanation of QE (easing) and QT (tightening):

quote:

Quantitative easing (QE)

Quantitative easing involves a central bank buying assets in the open market. This usually involves government bonds, the safest asset in the fixed income area, but in some cases, for example, the Bank of Japan, central banks have moved on to other types of assets further along the risk spectrum.

The technical way that quantitative easing helps boost the economy is that if the central bank is spending money to buy these bonds, it is putting that money into the economy. So those institutions that would have traditionally sold those bonds to the central bank now have, let’s say £100 for that bond to use for something else. If they are a financial institution, they may invest it in another type of asset which then helps that asset market; if they are a bank, they might use it to lend out to customers and consumers, stimulating the economy in that way. If they are a household who would now have money from these bonds, households may again spend this money in the retail or housing market.

Quantitative easing is an easing of the economy, easing of money into the system, allowing growth to come from increased money supply.

Quantitative tightening (QT)

Quantitative tightening is exactly the opposite. It’s taking back that money supply by no longer buying assets in that market but selling assets. In this way the central bank sells its balance sheet assets, basically all the bonds that they’ve got at their balance sheet at the moment, and reduces the money supply floating around in the economy. Central banks at the moment (November 2018) are considering QT in some way: the United States Federal Reserve is reducing its balance sheet at a very soft pace per quarter, but is still reducing the amount of assets that it owns, and thereby the amount of assets that it’s purposefully circulating in the economy. The European Central Bank is no longer adding as much to its balance sheet – this means it’s not in ‘tightening’ phase, per se, but it’s more neutral than it was one year ago.


LINK

The Fed since June 2022:

quote:

3. What is the scope of the Fed’s current QT?
The Fed has been shrinking its asset holdings — mostly Treasuries and mortgage bonds backed by government agencies — since June 2022. The current pace allows a maximum of $60 billion in Treasuries and $35 billion in mortgage-backed securities to mature every month without replacement. That $95 billion pace is nearly double the peak rate of $50 billion the last time the Fed trimmed its balance sheet, from 2017 to 2019.


LINK

Trump really didn't like the pre-covid tightening, which was being done after nearly a decade of easing and zirp:

quote:

“I personally think the Fed should drop rates. I think they really slowed us down. There’s no inflation. I would say in terms of quantitative tightening, it should actually now be quantitative easing,” he told reporters as he departed the White House on Friday. “You would see a rocket ship. Despite that, we’re doing very well.”


Trump wants money printer to go brrrr!

Posted by JAMAC2001
Member since Jan 2013
2764 posts
Posted on 1/28/24 at 7:08 pm to
Got an old friend who brags to me every year how much he "gets back" on taxes (has 4 kids)

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