video is a little old, but the numbers have not skewed that much in ~6-7 years
Cliffs: if we cut all gov spending other than SSN, medicare, medicaid, and interest on the debt the budget still does not balance. This is extreme, like no army, navy, funding for light bill on capitol hill, etc.
Deceptive video is deceptive. It includes cutting all revenues and only including SSN and Medicare taxes even though there is other stuff in mandatory spending bucked that comes from regular tax revenue.
We'd be like 1 trillion above if their math was transparent.
Total tax revenue:
3.2 trillion (ish)
2 and change from standard taxes
1 and change from trust funding taxes
Mandatory spending approximately 2.45 trillion
Upside assuming all other things are cut and no borrowing:
800+ billion dollars.
It's very true. The math is super simple.
See my edit.
it was true for the 2011 tax year, we ran a deficit of over a trillion.
Political Wasteland
Posted: Tue Dec 19, 2017 1:38 pm
by wap
Upping, or better yet, eliminating the cap on SS contributions will keep it healthy it maybe forever. But in any case, it is NOT on the verge of going broke or bankrupt as Repubs like to say. And it's super simple to make healthy for a looooong time.
Political Wasteland
Posted: Tue Dec 19, 2017 1:48 pm
by goIftdibrad
wap wrote: ↑Tue Dec 19, 2017 1:38 pm
Upping, or better yet, eliminating the cap on SS contributions will keep it healthy it maybe forever. But in any case, it is NOT on the verge of going broke or bankrupt as Repubs like to say. And it's super simple to make healthy for a looooong time.
Political Wasteland
Posted: Tue Dec 19, 2017 2:36 pm
by wap
[user not found] wrote: ↑Tue Dec 19, 2017 1:58 pm
SS is like the bottom of my list for big government problems. It causes some odd economic issues with how it's structured but it isn't going broke in the way it's made out to be and it's incredibly efficient.
[user not found] wrote: ↑Wed Dec 20, 2017 1:46 pm
I'm thinking I need to take this slight cash increase I get from the tax bill and slam it into some sort of safe long-term investment to try and offset what certainly is going to happen in the future.
Political Wasteland
Posted: Wed Dec 20, 2017 1:55 pm
by goIftdibrad
[user not found] wrote: ↑Wed Dec 20, 2017 1:46 pm
I'm thinking I need to take this slight cash increase I get from the tax bill and slam it into some sort of safe long-term investment to try and offset what certainly is going to happen in the future.
I think after i do taxes this year I'll adjust my withholding (if that's still a thing? I heard it was going away) and that plus kid plus tax break will be a raise
I think after i do taxes this year I'll adjust my withholding (if that's still a thing? I heard it was going away) and that plus kid plus tax break will be a raise
So you think that in 15 years people of middle upper income aren't going to be asked to pay for this?
We know no substantial spending cuts are coming.
no, i just think that they will find new and inventive ways of fucking us over and saving the cash difference ( amounts) is about as effective as pissing in the wind to stay dry
Big Brain Bradley wrote:
no, i just think that they will find new and inventive ways of fucking us over and saving the cash difference ( amounts) is about as effective as pissing in the wind to stay dry
It's X percent less later that I have to pay and money I am fortunate enough not to NEED now.
sure i get saving the difference if you can....I'm in a position that would make saving the difference amounts of money
An 83-year-old retired engineer in Michigan underpaid his property taxes by $8.41. In response, Oakland County seized his property, auctioned it off to settle the debt, and pocketed nearly $24,500 in excess revenue from the sale.
Under Michigan law, it was all legal. And hardly uncommon.
An 83-year-old retired engineer in Michigan underpaid his property taxes by $8.41. In response, Oakland County seized his property, auctioned it off to settle the debt, and pocketed nearly $24,500 in excess revenue from the sale.
Under Michigan law, it was all legal. And hardly uncommon.
An 83-year-old retired engineer in Michigan underpaid his property taxes by $8.41. In response, Oakland County seized his property, auctioned it off to settle the debt, and pocketed nearly $24,500 in excess revenue from the sale.
Under Michigan law, it was all legal. And hardly uncommon.
Reason always hits me in the feels.
Next story:
"83 year old terrorist uses engineering experience to blow up the tax collector's office for 'no reason'.".
An 83-year-old retired engineer in Michigan underpaid his property taxes by $8.41. In response, Oakland County seized his property, auctioned it off to settle the debt, and pocketed nearly $24,500 in excess revenue from the sale.
Under Michigan law, it was all legal. And hardly uncommon.
Reason always hits me in the feels.
You never really "own" any property in this country. Super
In MI, if you have any delinquent taxes owed for three consecutive years, the county can take your shit and pocket the profit. BUT, you're notified well in advance. This article is a bit one sided.
How do I know?
When I lived in Detroit in 2014, I was around a ton of people delinquent on their taxes. I remember talking to my neighbor about getting "another tax foreclosure notice" and she'd call the county to work out some extension or payment plan.
raise
amounts) is about as effective as pissing in the wind to stay dry
ol: 
feels.