Whats going on in the World

Chinacat said:
I know a bunch of white dudes I grew up with that were born in Brookhaven hospital in patchogue and central suffolk hospital in riverhead who have been in and out of jail, rehab, their whole lives and are bad dudes
Should I post more details about them too?? 8-)
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Please don’t, those there are privileged criminals and have rights , thank you.

LMFA?
 
Chinacat said:
I know a bunch of white dudes I grew up with that were born in Brookhaven hospital in patchogue and central suffolk hospital in riverhead who have been in and out of jail, rehab, their whole lives and are bad dudes
Should I post more details about them too?? 8-)
Click to expand...
So they walk right in, grab a bus up to NYC with care package in hand to their suite at the Westin. They "obtain" a BMW and rob Macy's of $12K in merchandise. That is the same as what you posted?
 
longcast said:
So they walk right in, grab a bus up to NYC with care package in hand to their suite at the Westin. They "obtain" a BMW and rob Macy's of $12K in merchandise. That is the same as what you posted?
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They didn't grab a bus, they got put on it LOL
And yes, the homegrown dudes I grew up with did far worse stuff
 
And just to be clear, I am in no way defending these dudes as it is inexcusable as guests in our country
I was just just saying red blooded americans commit crimes too
 
longcast said:
www.fox5ny.com

4 migrants arrested for stealing more than $12K in goods from Long Island Macy's

Four migrants who were bused to New York City are facing charges in connection with a snatch-and-grab robbery of a Long Island Macy's store.
www.fox5ny.com www.fox5ny.com

The Nassau County Police Department says they got the call just after 8:30 p.m. on Monday, Jan. 9, 2023, of a larceny committed by four men who took off in a 4-door BMW.

Officers found the car driving eastbound on Ring Road. They say the driver was committing multiple traffic infractions.

They pulled over the car and say they found $12,489.00 worth of unpaid merchandise.

Wrallan Cabezas Meza, 19, of the Bronx, Jose Garcia Escobar, 30, Miguel Angel Rojas, 21, and Rafael Rojas, 27, of Manhattan were all arrested. The Post reported that The Rojas brothers were living at the Westin Hotel on W. 57th St., which is housing migrants.

All four were charged with Grand Larceny in the 3rd Degree.

Meza was issued multiple traffic citations.

All four were arraigned in Hempstead. Escobar and Rafael Rojas were released with no bail.

According to Newsday, Nassau County police said the four may have ties to a South American thievery ring.
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1674603943771.gif
 
So basically you're saying that even though there are American criminals, crimes are going uncommitted, so we have to import migrants to fill those jobs Americans won't do. Got it.
 
Matts said:
or they could eliminate the retained interest loophole and crack down on complex tax avoidance schemes and receive the funds to pay for it.
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They want SS to go away.....it is an expense to them with no payback. Not like defense which is a money machine for BIG contributors
 
Matts said:
or they could eliminate the retained interest loophole and crack down on complex tax avoidance schemes and receive the funds to pay for it.
Click to expand...
Carried interest, not retained interest. Two completely different items.

"crack down on complex tax avoidance schemes" - are you talking about folks using the laws on the books to legally reduce their tax liability? I just gave you one of those in the "tax season" thread. If so, do not share it and definitely don't ever use it..........................:)

I fully understand that the Heritage Foundation is right leaning, no doubt. But read the article and think about it.

www.heritage.org

Closing So-Called "Carried Interest Loophole" Would Hurt the Economy

Increasing taxes on investment is always a bad idea, and that’s exactly what a new bill in Congress aims to do. Sen. Tammy Baldwin, D-Wis., and Rep. Bill Pascrell Jr., R-N.J., want to increase taxes on investments that support businesses and jobs all across in America.
www.heritage.org www.heritage.org

Carried interest ultimately boils down to how the tax code defines labor income and investment income. The U.S. tax system taxes income from saving and investment twice: once when you earn it as wages, and a second time when your investments grow and you choose to save and invest these earnings. This system makes it more expensive to invest in the future instead of spending your money today, which reduces overall investment and economic growth.

Many investment managers are compensated with both a traditional wage and some incentive-based compensation based on the profits from their investments. The portion of the investment earnings shared with the manager is known as “carried interest” and helps make sure the person investing your money is incentivized to manage it as best she can.

Ending more important and actual tax preferences, like the exclusion of interest on state and local bonds or the corporate subsidy for low-income housing, would represent constructive reforms to the tax code, while also meeting the goals of raising taxes on high-income taxpayers. The new revenue should be used to lower tax rates for everyone.

If proponents of treating carried interest as wages were serious about designing a fair system, labor costs associated with management services should be deductible to the investment partners, lowering their taxable income. Proposals to tax carried interest always ignore this crucial wage deduction, choosing only to focus on raising revenue.
 
longcast said:
Carried interest, not retained interest. Two completely different items.

"crack down on complex tax avoidance schemes" - are you talking about folks using the laws on the books to legally reduce their tax liability? I just gave you one of those in the "tax season" thread. If so, do not share it and definitely don't ever use it..........................:)

I fully understand that the Heritage Foundation is right leaning, no doubt. But read the article and think about it.

www.heritage.org

Closing So-Called "Carried Interest Loophole" Would Hurt the Economy

Increasing taxes on investment is always a bad idea, and that’s exactly what a new bill in Congress aims to do. Sen. Tammy Baldwin, D-Wis., and Rep. Bill Pascrell Jr., R-N.J., want to increase taxes on investments that support businesses and jobs all across in America.
www.heritage.org www.heritage.org

Carried interest ultimately boils down to how the tax code defines labor income and investment income. The U.S. tax system taxes income from saving and investment twice: once when you earn it as wages, and a second time when your investments grow and you choose to save and invest these earnings. This system makes it more expensive to invest in the future instead of spending your money today, which reduces overall investment and economic growth.

Many investment managers are compensated with both a traditional wage and some incentive-based compensation based on the profits from their investments. The portion of the investment earnings shared with the manager is known as “carried interest” and helps make sure the person investing your money is incentivized to manage it as best she can.

Ending more important and actual tax preferences, like the exclusion of interest on state and local bonds or the corporate subsidy for low-income housing, would represent constructive reforms to the tax code, while also meeting the goals of raising taxes on high-income taxpayers. The new revenue should be used to lower tax rates for everyone.

If proponents of treating carried interest as wages were serious about designing a fair system, labor costs associated with management services should be deductible to the investment partners, lowering their taxable income. Proposals to tax carried interest always ignore this crucial wage deduction, choosing only to focus on raising revenue.
Click to expand...
How about this idea for future taxes??

Plan to impose national sales tax, abolish IRS​

Sponsored by Rep. Earl L. 'Buddy' Carter, the plan would do away with income, payroll, estate and gift taxes, and instead impose a 23% national sales tax.
 
Rut-roh...

A 19-foot asteroid will come ‘very close’ to Earth tonight, NASA says​

pressherald.com/2023/01/26/a-19-foot-asteroid-will-come-very-close-to-earth-tonight-nasa-says/

By Jennifer Hassan January 26, 2023

An asteroid the size of a delivery truck will narrowly pass by the Earth on Thursday – so close in fact that the encounter is expected to be one of the closest approaches by a near-Earth object on record, according to NASA.

The asteroid, which has been named 2023 BU, will travel just 2,200 miles (about 3,500 kilometers) above the planet’s surface, darting over the southern tip of South America at around 4:27 p.m. Pacific time, NASA estimated Wednesday.

NASA was quick to reassure people that the asteroid, which is estimated at between 11 feet (about 3.5 meters) and 28 feet (8.5 meters) feet across, would not end life as we know it on our planet.

“There is no risk of the asteroid impacting Earth,” NASA said, noting that even if it did, the small asteroid “would turn into a fireball and largely disintegrate harmlessly in the atmosphere.” The bigger pieces, scientists say, would then likely rain down as meteorites.

Amateur astronomer Gennadiy Borisov discovered the asteroid on Saturday from his observatory in Nauchnyi, Crimea, NASA said. In the days that followed, other astronomers also observed the asteroid, helping to refine the asteroid’s trajectory.

The asteroid, which is not very bright because of its small size, may be visible Thursday to those with a telescope, but for those who are not seasoned astronomers, the Virtual Telescope Project will be running a live feed of the close shave.

Jan. 26 appears to be an important date in the asteroid calendar. Another asteroid – this one the size of an airplane – is also expected to approach Earth on Thursday, based on NASA projections.

Luckily, this 170-foot asteroid, known as 2020 BZ14, will be a lot farther away as it passes Earth – 2,100,000 miles.

If you’re still feeling worried about asteroids, there’s good news and bad news.

The bad news is that NASA estimates that it is only able to track about 40 percent of potentially hazardous asteroids large enough to impact Earth – so there may be asteroids we don’t see coming.

The good news is that NASA is capable of deflecting asteroids on track to collide with Earth – as long as it knows about them in time. In September, it conducted a mission that altered the orbit of an asteroid for the first time in history, in an exercise designed to test its “planetary defense” capabilities.
– – –
 
Roccus7 said:
How about this idea for future taxes??

Plan to impose national sales tax, abolish IRS​

Sponsored by Rep. Earl L. 'Buddy' Carter, the plan would do away with income, payroll, estate and gift taxes, and instead impose a 23% national sales tax.
Click to expand...
Where does 23% come from? Were there any attachments, charts, etc to justify that rate?
 
longcast said:
Where does 23% come from? Were there any attachments, charts, etc to justify that rate?
Click to expand...
It's a Value Added Tax like in Europe, a "Federal Sales Tax"...

No attachments, charts, etc. The bad part is that no country eliminated their income tax when they started with VATs...

I didn't post the whole article, lest it run into a political quagmire. However, even the party member that wrote the draft bill isn't finding much support in his own party...
 
Roccus7 said:
It's a Value Added Tax like in Europe, a "Federal Sales Tax"...

No attachments, charts, etc. The bad part is that no country eliminated their income tax when they started with VATs...

I didn't post the whole article, lest it run into a political quagmire. However, even the party member that wrote the draft bill isn't finding much support in his own party...
Click to expand...

How a Value-Added Tax Works​

VAT is levied on the gross margin at each point in the process of manufacturing, distributing, and selling an item. The tax is assessed and collected at each stage. That is different from a sales tax system, in which the tax is assessed and paid only by the consumer at the very end of the supply chain.

I read some of the same, more of a sales tax, not a true VAT. Could you imagine the infrastructure needed?? So to abolish the IRS, it would need to be strictly on sales.
 
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