the "Headline That Caught My Attention or the WTF" thread

longcast said:
You made the statement that it was a good ROI. I did not want to fact check.
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Problem is we can't figure out how much of that money was targeting wealthy folks, and we don't know how long that work went on.

It could be as mysterious as how much money Mexico gave us for wall construction...
 
Roccus7 said:
Problem is we can't figure out how much of that money was targeting wealthy folks, and we don't know how long that work went on.

It could be as mysterious as how much money Mexico gave us for wall construction...
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Let’s look at it this way. Authorized to spend $80 billion. Will this spending create an $80 billion cash influx? If not, just growing government further.
 
Roccus7 said:
Problem is we can't figure out how much of that money was targeting wealthy folks, and we don't know how long that work went on.

It could be as mysterious as how much money Mexico gave us for wall construction...
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No mystery. $80 billion from the Inflation Creation Act. How do they recover that from all the big bad rich people?

How did we go from a discussion regarding the IRS to Mexico paying for the wall??
 
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Rick67 said:
Bait and switch.
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longcast said:
More like deflect from the topic at hand.
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And something the 2 of you are Jedi Masters at...

We were discussing how much money would be captured from the extra IRS funding. That begged the question about an old campaign promise that some have seemed to forget about.

To my recollection, the $1.8 billion captured by the IRS is $1.8 billion more than Mexico paid us for the wall...
 
Roccus7 said:
And something the 2 of you are Jedi Masters at...

We were discussing how much money would be captured from the extra IRS funding. That begged the question about an old campaign promise that some have seemed to forget about.

To my recollection, the $1.8 billion captured by the IRS is $1.8 billion more than Mexico paid us for the wall...
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Your original post was about the IRS and their collections and what a great ROI it is. Still waiting for that ROI calculation. Here are my thoughts. $80 billion over 10 years. For us simple folk, $8 billion each year for 10 years? Fair?

So they collected $1.8 billion and spent $8 billion. Sounds like a typical dem scheme to steal our money.

Tell us again (or actually for the first time), what is the correlation between the Inflation Creation Act with an $80 billion allocation to the IRS and the comment regarding Mexico paying for the wall? I see no correlation.

1725751713611.png
 
OK Yoda, here you go. First let's correct you total number:

As of March 31, 2024, the IRS has spent $5.7 billion of its $57.8 billion in IRA funds. Note: The IRS initially received $79.4 billion from the IRA. The Fiscal Responsibility Act of 2023 rescinded $1.4 billion, and the Further Consolidated Appropriations Act of 2024 rescinded an additional $20.2 billion

Now you're better at reading graphs than I am if you can figure how much money has been spent to support the auditing of wealthy tax cheats...

1725752878740.png
 
Roccus7 said:
OK Yoda, here you go. First let's correct you total number:

As of March 31, 2024, the IRS has spent $5.7 billion of its $57.8 billion in IRA funds. Note: The IRS initially received $79.4 billion from the IRA. The Fiscal Responsibility Act of 2023 rescinded $1.4 billion, and the Further Consolidated Appropriations Act of 2024 rescinded an additional $20.2 billion

Now you're better at reading graphs than I am if you can figure how much money has been spent to support the auditing of wealthy tax cheats...

View attachment 84463
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Let's first go back and deal with this language -

In 2023 and 2024 the IRS launched a series of initiatives aimed at pursuing high-wealth individuals who have failed to pay their tax debts. The IRS said the campaign is focused on taxpayers with more than $1 million in income and more than $250,000 in recognized tax debt. So the IRS knew that these folks owed the tax, not newly created tax deficiencies through audit. In other words, just picking up files that fell by the wayside.

Agency officials said since the program’s launch, almost 80% of the 1,600 millionaires targeted by the IRS for failing to pay a delinquent tax debt have now made a payment, leading to over $1.1 billion recovered. And in the first six months of a new February 2024 initiative, the IRS collected $172 million from 21,000 wealthy taxpayers who have not filed tax returns since 2017. Again, just chasing those who have not filed returns.

So Yoda looked at the graph and concludes that most likely a lot more money has been spent with a negative ROI.


"Now you're better at reading graphs than I am if you can figure how much money has been spent to support the auditing of wealthy tax cheats..."

I thought about this. The article did not mention any % of monies related to audit of wealthy tax cheats. It merely speaks about collection efforts of known debts.

My conclusion of negative ROI stands.


And finally, nowhere does any of this correlate to Mexico paying for the wall.
 
longcast said:
Let's first go back and deal with this language -

In 2023 and 2024 the IRS launched a series of initiatives aimed at pursuing high-wealth individuals who have failed to pay their tax debts. The IRS said the campaign is focused on taxpayers with more than $1 million in income and more than $250,000 in recognized tax debt. So the IRS knew that these folks owed the tax, not newly created tax deficiencies through audit. In other words, just picking up files that fell by the wayside.

Agency officials said since the program’s launch, almost 80% of the 1,600 millionaires targeted by the IRS for failing to pay a delinquent tax debt have now made a payment, leading to over $1.1 billion recovered. And in the first six months of a new February 2024 initiative, the IRS collected $172 million from 21,000 wealthy taxpayers who have not filed tax returns since 2017. Again, just chasing those who have not filed returns.

So Yoda looked at the graph and concludes that most likely a lot more money has been spent with a negative ROI.


"Now you're better at reading graphs than I am if you can figure how much money has been spent to support the auditing of wealthy tax cheats..."

I thought about this. The article did not mention any % of monies related to audit of wealthy tax cheats. It merely speaks about collection efforts of known debts.

My conclusion of negative ROI stands.


And finally, nowhere does any of this correlate to Mexico paying for the wall.
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Sure does, we're talking a -70% ROI, assuming all the $5.7 B YTD expenditures for the $1.7 B, which is worst case, has been spent to get money versus a NEGATIVE 100% ROI on the wall.

We were promised a no cost wall, weren't we??? I bet some people were foolish enough to believe that!!
 
Roccus7 said:
Sure does, we're talking a -70% ROI, assuming all the $5.7 B YTD expenditures for the $1.7 B, which is worst case, has been spent to get money versus a NEGATIVE 100% ROI on the wall.

We were promised a no cost wall, weren't we??? I bet some people were foolish enough to believe that!!
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Yep you’re right. Now we have 10+ million illegal aliens and nonstop others being paid to fly in and live here. Trump is bad.
 
Roccus7 said:
Sure does, we're talking a -70% ROI, assuming all the $5.7 B YTD expenditures for the $1.7 B, which is worst case, has been spent to get money versus a NEGATIVE 100% ROI on the wall.

We were promised a no cost wall, weren't we??? I bet some people were foolish enough to believe that!!
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You are so stuck on that wall thing, aren't you?
Roccus7 said:
Sure does, we're talking a -70% ROI, assuming all the $5.7 B YTD expenditures for the $1.7 B, which is worst case, has been spent to get money versus a NEGATIVE 100% ROI on the wall.

We were promised a no cost wall, weren't we??? I bet some people were foolish enough to believe that!!
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Still on the wall thing? OK, let me finish my task at hand, which is pulling the boat out for some maintenance, and will get back to some return on investment scenarios.
 
Yes
longcast said:
Still on the wall thing?
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Hell yes, why are you deflecting that instead of admitting folks were sold a bill of goods? You're an intelligent person so I'm sure you never believed in that. If you did, I have a bridge from Manhattan to Brooklyn you may be interested in.

They the same in that both Presidents said their "programs" would bring in $ or Pesos. Biden's did bring in almost $2B to date and DJT's boast was a hollow promise, not even a single peso. However the "Orange Men" will slam Biden's program instead of just ignoring it, like they ignore the fact that one of DJT's largest boasts didn't do anything.

So yes, tit for tat. As with any Administration there are many fallacies, but if folks insist on picking on one, and conveniently ignoring the other, we'll have a problem to communicate.
 
Roccus7 said:
Yes

Hell yes, why are you deflecting that instead of admitting folks were sold a bill of goods? You're an intelligent person so I'm sure you never believed in that. If you did, I have a bridge from Manhattan to Brooklyn you may be interested in.

They the same in that both Presidents said their "programs" would bring in $ or Pesos. Biden's did bring in almost $2B to date and DJT's boast was a hollow promise, not even a single peso. However the "Orange Men" will slam Biden's program instead of just ignoring it, like they ignore the fact that one of DJT's largest boasts didn't do anything.

So yes, tit for tat. As with any Administration there are many fallacies, but if folks insist on picking on one, and conveniently ignoring the other, we'll have a problem to communicate.
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You do realize there has always been a wall along the border in various spots? How much did DJT's administration actually build, not the original "ask" as far as finances? How much material bought is still laying rusted in a heap?

Biden brought in $2 billion to date, if you say so. At what cost?

15+ million ILLEGAL aliens. What is the cost? NYC alone is claiming $5 billion - $10 billion. What about the rest of the country?

So the ROI on another failed policy? Very negative.

Next ROI of this most failed administration?
 
Once again, here is a direct question: How many Pesos did the Mexican Government put in the US Treasury in payment for any part of the wall along the US/Mexican border? Somebody claimed he would make them pay dearly.

No doubt our immigration laws are horrid, and have been for years with either party in power. However, need I point out that when a new bill that both parties seemed to buy in on, somebody not even in government at the time chimed in and told his fellow party members to forget it? Was that because it was a bad bill, or did someone still want immigration to be a shit show for the 2024 elections so he could milk it for his campaign?

One would hope that US Presidential candidates feel putting country before any self interests is a sacred responsibility of theirs...

On a more constructive note, how did the haul out go?
 
Roccus7 said:
Once again, here is a direct question: How many Pesos did the Mexican Government put in the US Treasury in payment for any part of the wall along the US/Mexican border? Somebody claimed he would make them pay dearly.

No doubt our immigration laws are horrid, and have been for years with either party in power. However, need I point out that when a new bill that both parties seemed to buy in on, somebody not even in government at the time chimed in and told his fellow party members to forget it? Was that because it was a bad bill, or did someone still want immigration to be a shit show for the 2024 elections so he could milk it for his campaign?

One would hope that US Presidential candidates feel putting country before any self interests is a sacred responsibility of theirs...

On a more constructive note, how did the haul out go?
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I do not know the exact amount of pesos, but I do believe pesos were recovered once the NAFTA was replaced by the USMCA. Depending on the author, obviously, the results range on both ends of the spectrum. This was a recovery for the wall.

Did you read the bill? It was horrendous. Shame on all of our representatives. Sad it took an "outsider" to point it out.

Haul out went well. I was surprised at the antics at the ramp so far away from the end of the summer. Folks fighting with ramp workers regarding stickers etc. I finally opened my mouth inquiring why I had to wait for 3 failed launches of multiple PWC and PWC boats, etc. It is not my fault that they do not start. Move the carcasses and allow me to retrieve my craft!

Brought her home and put the engine in my 100 gallon tub and gave that engine a great rinse. Did some little items, but basically needs oil, filters, and gear oil replacements. It will be ready for the 2nd part of the season later in the week.
 

JackPrintMD said:
I cannot believe these whackos tried another assassination attempt on President Trump.


Former President Donald Trump is safe after gunshots were fired in his vicinity, according to a statement from his campaign. | Fox News

www.foxnews.com

Trump safe after 'gunshots in his vicinity,' campaign says

Former President Donald Trump is safe after gunshots were fired in his vicinity, according to a statement from his campaign.
www.foxnews.com www.foxnews.com
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They have a suspect. Let’s see how they report about motive, lifestyle, etc. I have thoughts but will hold for now.
 
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