ptatc

QUOTE (caulfield12 @ Dec 23, 2017 -> 01:02 PM) So then why not just give every American household $12,000 back? Wouldn’t that be fairer? It would cost exactly the same as this tax cut. Wouldn’t that at least give all those in the middle class more of an opportunity to pay down debt, invest in education or start a small business? All studies would back up empirically that the middle class and poor are much more likely to inject cash directly back into the economy. They could have repaired every deficient bridge in America, for example. Continued to stabilize the health care market instead of allowing those costs to pass down to everyone who was old or sick (the expected 10% increased will negate most or all of the tax cut benefits for the majority of Americans). Treated the opioid crisis. All of these would have led to greater than 0.8% GDP growth over the next decade. Scholarships for junior colleges. Research money for AI, AR and VR, as well as alternative energy vehicles. They chose instead to go with their corporate overlords...who have spent $1.63 billion on lobbying so far this year. I never said that the tax cut was a good idea. In fact if it increases the debt as much as they say, it's probably not a good idea. My whole point has been that adding more tax to a given group is a bad idea as well.

QUOTE (KyYlE23 @ Dec 22, 2017 -> 09:32 AM) http://m.sportsbusinessdaily.com/Daily/Iss...s/Marlins1.aspx? He knew This is not the white sox/Cubs/Houston model of rebuilding. They aren’t acquiring can’t miss prospects, I don’t even think they have gotten a top 50 prospect yet and have traded two of the best players available this offseason There is no such thing as a can't miss prospect. Some of the ones the sox acquired will fail at the MLB, some will get injured and not meet expectations. They are following a similar path of trading what they can get for there current players, the return has been less due to the bad contracts the previous ownership left them as opposed to the good contracts Hahn had. But the idea is the same. they have a fan base that doesn't show up unless they win just like the Sox. The big contracts were crippling the team from fielding a team that can really win. So they need to start over. Just like the Sox. The sox are on a faster trajectory due to the quality of prospects they acquired, at least some should pan out. they are just starting closer to rock bottom.

QUOTE (southsider2k5 @ Dec 23, 2017 -> 01:28 AM) He's under control for 5 years. If he doesn't fit the timeline, the Sox are f***ed. Absolutely. The sox should look but the price will probably be too high right now. A team closer to winning will outbid them.

QUOTE (Balta1701 @ Dec 22, 2017 -> 09:54 AM) Is it fair in your eyes that over the last 30 years the share of income and the share of wealth for the top 0.1% has gone up while both have gone down for the remaining 90% of the population? How the people came about their income is not an aspect of how they are taxed. This is a separate issue and a complex one. They way people make the most money is to invest or start businesses. You obviously need money to do these. So the system is set up for that people with money can make the most. This is more of the issue. How do you get capital available for people to do these things. But you also need the desire to to do it. I personally have had many opportunities to manage or start businesses in the physical therapy field. However, I've always just wanted to treat patients and be there for my family whenever I wanted to. A guy who wanted me to start a business with him in the 80's sold Athletico for 400 million a year or 2 ago. Think where I would be if I did work with him. So is it fair? Probably not. But i don't think the answer is to tax that group so the 1% group pays even more for everyone else because they already pay most of everything.

QUOTE (Dick Allen @ Dec 22, 2017 -> 09:48 AM) So you really don't care if it separates the haves and have nots in society and if people aren't rich enough to be sick, well, sorry, you're screwed. And if you aren't rich enough to pay a real lawyer to get you off when you commit crimes, too bad, you pay for a bad one who can't get you off when you didn't. This has nothing to do with their % of income and paying taxes. It sounds like you don't want them to have money because they have money. The things you stated here are problems with the individual systems, We know the medical system is unfair. There just needs to be a compromise on a way to improve it.

QUOTE (Heads22 @ Dec 22, 2017 -> 09:01 PM) I've started doing this too. Before my dad passed he got me started on Vanguard's target funds. In about two years I become vested in the IPERS plan here in the state but I have also been contributing monthly to the Target 2050 from Vanguard. Hopefully I get to enjoy more than the five months of retirement that he did. I do the same except for Illinois state employees they'll do a deferred income into the Vanguard type fund. Ours is T Rowe Price I believe. I'm old though. I'm in the 2025.

QUOTE (Dick Allen @ Dec 22, 2017 -> 05:12 PM) This is incredible. Since Theo took over in 2012, the Cubs have only had 38 1/3 IP from pitchers Theo drafted or signed internationally. Deep pockets can go a long way. He definitely knows hitting though.

QUOTE (Balta1701 @ Dec 22, 2017 -> 09:38 AM) and far, far less than they should be paying. again, this is where we disagree. Maybe there isn't a purely fair system to do it.

QUOTE (bmags @ Dec 22, 2017 -> 09:40 AM) That's because gross is a bad way to measure it. I disagree. i think it's the proper way, philosophically anyway, in the current system.

QUOTE (Dick Allen @ Dec 22, 2017 -> 09:36 AM) How about as a percentage of their income? This has been my point all along. This is where we disagree. I really don't care about the % of their income. They already pay so much more than everyone else. The tax brackets already try to do that by bringing in more taxes as the income goes up. It's obviously not a great system and needed to change.

QUOTE (Balta1701 @ Dec 22, 2017 -> 09:31 AM) They also hold approaching 25% of all wealth in this country (comparable to the bottom 90% as of 2013 and probably greater than them by now). no doubt, which is why they pay the most taxes.

QUOTE (RockRaines @ Dec 22, 2017 -> 09:20 AM) Depends on how much its brought down. Many top earners can end up paying almost zero taxes. It's all in where you put the money. No it doesn't. The gross amount is still there. I guess everyone else discussing here is stuck on the % and who it actually is. I'm just stating the facts. The top 1% of everyone had actually paid taxes, pay 25% of all tax revenue. If the people you claim don't pay they aren't included in the group.

QUOTE (Dick Allen @ Dec 22, 2017 -> 09:26 AM) We have a President who brags about how he is worth over $10 billion yet hasn't paid taxes in 15 years. Why should some stiff making $50k pay taxes? Donald Trump and his ilk, use taxpayer paid roads and lots of other things, yet they have no problem not paying for them, and cry if someone unable to pay is given a service to survive. I've never claimed any of it is fair or it's a good system. It needed to change. I'm only saying who paid what taxes.

QUOTE (RockRaines @ Dec 22, 2017 -> 09:20 AM) Depends on how much its brought down. Many top earners can end up paying almost zero taxes. It's all in where you put the money. Doesn't matter. That top group, whomever they consist of, still pay that revenue. Maybe some of them aren't paying, so the group could be larger. But the top 1% of tax payers, this excludes the more than 1/3 of all people who filed but did not have "taxable income" so didn't pay taxes, pay 25% of all tax revenues.

QUOTE (Lip Man 1 @ Dec 22, 2017 -> 01:22 AM) Absolutely stunned by this news. Apparently whatever took his life happened quickly. He was found in his home with his bags packed ready to fly to Boston today. He was 82. The voice of a generation...the Angels, the Rams, UCLA basketball, "The Sports Challenge" TV show, Tennis, the Olympics, the NFL, the Padres, College Basketball. His like will never be seen again. Absolutely. RIP.

QUOTE (RockRaines @ Dec 22, 2017 -> 06:24 AM) Absolutely true. But also usually have the most ways to bring that percentage way down. They do. But they still pay by far more than everyone else regardless of how much they bring the % down.

QUOTE (Balta1701 @ Dec 22, 2017 -> 08:24 AM) The top 0.1% also earn >12% of total national income, and their share is doing this: Good for them. They earn 12% of the total income and pay 25% of all tax revenue.

QUOTE (caulfield12 @ Dec 22, 2017 -> 12:28 AM) In a short letter to the local Telegraph Herald, Rank said, "Congressman Rod Blum in a Dubuque town hall (Monday) night asked, 'Why should a 62-year-old man have to pay for maternity care?' I ask, why should I pay for a bridge I don’t cross, a sidewalk I don’t walk on, a library book I don’t read?" She continued, "Why should I pay for a flower I won’t smell, a park I don’t visit, or art I can’t appreciate? Why should I pay the salaries of politicians I didn’t vote for, a tax cut that doesn’t affect me, or a loophole I can’t take advantage of?" "It’s called democracy, a civil society, the greater good. That’s what we pay for," she quipped. http://www.refinery29.com/2017/05/154527/a...rnity-insurance Why shouldn't the richest Americans and corporations pay the most? If it was not for all of the benefits they've received from the American system (Constitutional democracy), the American military and the American government/public services system (schools/firefighters/police, etc.) WHERE WOULD ANYONE BE? What would the "American Dream" be then? And what developed countries in the world don't have progressive tax systems? Here's a list if you want to investigate further. https://en.wikipedia.org/wiki/List_of_countries_by_tax_rates They do.

QUOTE (caulfield12 @ Dec 21, 2017 -> 10:11 PM) We're talking about two different things. Total percentage of all tax revenue derived is quite different from marginal tax rates for each household. It's back to that overall question of fairness or equity. , Buffett told NBC Nightly News that he pays a smaller tax rate than multiple employees in his office. In 2011, Buffett wrote an op-ed in the New York Times called "Stop Coddling the Super-Rich." In the article, Buffett said that his taxes amounted to "only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office." In 2013, he told CNBC that while his tax rate rose 8 to 9 points more that year, "The differential between me and the rest of the office, not just my secretary but the rest of the office, was greater than that. It'll be closer, but I'll probably be the lowest-paying taxpayer in the office." source: http://www.politifact.com/truth-o-meter/st...lower-tax-rate/ And we're not even considering corporations: They're only paying between 10-15%, and that's WITH a 35-39.2% (including state tax) OFFICIAL CORPORATE TAX BURDEN. Imagine what it will be when they cut it by exactly 40%. This tax bill has enough loopholes and "special cases" to drive a Brinks truck through. U.S. companies face the highest official corporate tax rate in the world. But there's a big difference between the rates set out by law and the cash that's actually collected. Large, profitable U.S. corporations paid an average effective federal tax rate of 12.6% in 2010, the Government Accountability Office said Monday. The federal corporate tax rate stands at 35%, and jumps to 39.2% when state rates are taken into account. But thanks to things like tax credits, exemptions and offshore tax havens, the actual tax burden of American companies is much lower. http://money.cnn.com/2013/07/01/news/econo...rate/index.html Not sure what you're talking about. My comment was just that the people who have the highest taxable income (500,000 and up) pay the most into the IRS revenue. They do. They pay by far the most amount. Who can make all the other points you want but these people still pay the most into the revenues collected by taxes.

QUOTE (KagakuOtoko @ Dec 21, 2017 -> 10:37 PM) I will absolutely keep you posted. Right now, I have them in a standard what year do you plan to retire fund. This is what I do. Is this a smart way for those of us who don't know much about the different funds?

QUOTE (KyYlE23 @ Dec 21, 2017 -> 02:48 PM) It’s not daily operations. It’s the purchase of the team, I’m sure Jeter and associates had to lay out a plan to MLB explaining exactly what they were going to be doing after the purchase to start paying off the debt they just acquired. When you buy a house or a business the banks go through everything and ask how you will pay for things and where the money is coming from. If it was any other team tearing down and rebuilding, yea it would be daily operations. But the ink wasn’t even dry yet and Jeter starts selling off guys for pennies on the dollar and getting players back that certainly aren’t worth anywhere close to the players they were traded for. I’m sure Manfred knew they were gonna tear it down I'm sure the debt was discussed. But did it necessarily include "we are trading Stanton" "we are trading Ozuna" Or was it more "we are going to follow the White Sox/Houston/Cubs model and trade assets for a rebuild. I don't see how they are doing anything different than other teams like the White sox. Their commodities are different due to the contracts and the fans aren't tolerating it like the sox fans.

QUOTE (Dam8610 @ Dec 21, 2017 -> 08:10 PM) Not "just because they have it" so much as "because that's what pays for society to be a society". that can be said already because of the vast amount more they pay than everyone else.

QUOTE (caulfield12 @ Dec 21, 2017 -> 08:08 PM) No, they don't, because for the Top 1-2%, the majority of their income is classified as a capital gain and taxed at a much lower percentage than a CEO/executive salary. It's the same exact reason Silicon Valley employees are always fighting for stock options, compared to salary/benefits packages. Being on the right side of a huge IPO offering for a Facebook, Nvidia, Uber, etc., sets your family up for life when you're only in your 20's or 30's. The average member of the middle class, because of the changes in itemization/standard deduction...is MUCH more likely to pay those published rates or higher brackets than previously due to changes in the tax code. Whereas no members of the Top 10% are really paying anything more than their salaries at those higher Federal rates (once again, those salaries being a small percentage of their overall financial assets). Not according to the IRS. Look at the tax revenue collected table on their website. The last data was from 2015. There were 150,493,263 submissions. Only 99,012,731 submissions were considered to have "taxable income" Of those 1,320,338 made 500,000 or more. The tax collected made up 25.1% of all taxes collected. That means 1.3% of the people who paid taxes paid 25% of all tax revenue. If you look at all submissions, that .01% of all people who submitted taxes, paid for 25% of all tax revenue. They may hide a great deal of taxable income but they are still paying a a vast amount more than others.

QUOTE (StrangeSox @ Dec 21, 2017 -> 10:49 AM) As a percentage of his income, it is far, far less. But the highest tax bracket has a higher % to pay than the lower tax brackets. So the rich pay more by % and more by gross amount. By saying "as a percentage of their income" its like saying you want what they have just because they have it.

QUOTE (KyYlE23 @ Dec 21, 2017 -> 06:18 AM) There was plenty to see there, for once I applaud LeBatard for going after Manfred. He was absolutely correct, there was no way that Manfred wasn’t aware that Jeter was going to slash payroll after acquiring the team, and Manfred kept lying about it Why would Manfred know about the daily operations of one of the owners?