158 Comments

Actually the first $80,000 in capital gains is totally tax free.

Expand full comment

If we were a politically serious country we’d elect people who aren’t millionaires.And not re-elect people who became millionaires while they were in office.

Expand full comment

I know it will have an impact on the life expectancy of Americans, especially in Florida. I think the gains in fewer payouts will be offset by the loss in employed persons for the year 2020, so not sure if it will have an overall impact on SSI solvency.

Expand full comment

I will be 51 soon. I am earning more than I ever have, currently. I will never bump into the cap on SSI contributions. My dad capped out on the regular in the 80s and 90s. Agreed, the cap should have been removed.

Expand full comment

the rule of law. wouldn't it be nice...

Expand full comment

RIP to Norm MacDonald...the great ones continue to leave us :(.

Expand full comment

...your damn bill could use some fixin' !

Expand full comment

/\ Say it twice !!!

Expand full comment

I'm not much on fashion, but AOC's dress was killer. And she looked fabulous in it!

Expand full comment

You're right about that. And he was so young...ugh.

Expand full comment

Hmmm. I'm trying to think of someone who voted for tax cuts for the rich from 1995 to 2001, but I am coming up blank. Can someone help me out, here?

Expand full comment

None of this adds up to pile of shit without the IRS being capable of finding the millionaire/billionaire tax cheats and making them PAY THE TAXES THEY ALREADY OWE! Go ahead, make the corporate rate 50%, they ain't gonna pay, WITH IMPUNITY. They will still pay zero!

Expand full comment

Indeed. with buswankers like Bezos only rocketing to new heights moneywise during a pandemic shows they don`t spend it on anything that benefit the workers.

Expand full comment

And so we started singing, on such a winter’s day

Expand full comment

Tax everyone more--at all levels there should be at least a slight increase. Then, tax all forms of income the same (capital gains should be like ordinary income), tax estates like ordinary income, raise the income cap on the payroll tax, and look at at least a small VAT or national sales tax, and increase the gas tax. Add that to increased IRS enforcement, and all that together should take a chunk out of our deficit, and give every American a sense of contribution and responsibility, as well as a greater popularity for non-means tested benefits and improved social services.

Expand full comment

that line always makes me LOL, I don't know why

Expand full comment