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re: How is it where you are?
Posted on 8/8/24 at 11:42 pm to Circle K Beggar
Posted on 8/8/24 at 11:42 pm to Circle K Beggar
Very red here in Tennessee.
As an aside I grew up in Vegas. Across the street from Liberace, Lulu. Thomas and Mack across the main drag…..
As an aside I grew up in Vegas. Across the street from Liberace, Lulu. Thomas and Mack across the main drag…..
This post was edited on 8/8/24 at 11:44 pm
1
Posted on 8/8/24 at 11:45 pm to Motownsix
quote:
This bit is scaring the hell out of service industry workers. Long time professionals are concerned that they will be cut out of the social security system. They are worried that if the tips arent counted they will have zero purchasing power when buying a car or a house. No one over 21 years old wants this no tax on tips suggestion. This is a horrible idea.
That is truly an ignorant take.
Right now, tip are reported and taxed. Cash tips are reported at 10% (the minimum reportable tip). Under the proposed policy tip will be reported and not taxed. Tips will count as income, they just won’t be taxed and by not being taxed cash tips will be reported at their full amount.
Service workers reported income may go up, not down. That will take care of the credit worry. If they are truly worried about retirement, they can save the tax savings in an IRA.
Posted on 8/8/24 at 11:49 pm to 10thyrsr
quote:
They all went to those events on credit, not disposable income. The bill comes due ... Always
This narrative that everyone is broke but spending on credit is a joke.
Yes people always overutilize available credit. Is it worse now than ever before? No.
Posted on 8/8/24 at 11:51 pm to Motownsix
quote:
This bit is scaring the hell out of service industry workers. Long time professionals are concerned that they will be cut out of the social security system. They are worried that if the tips arent counted they will have zero purchasing power when buying a car or a house. No one over 21 years old wants this no tax on tips suggestion. This is a horrible idea.
This is the stupidest shite I’ve ever heard
Posted on 8/8/24 at 11:56 pm to Circle K Beggar
I live in a rural area in Tennessee. This is Ultra MAGA country.
Posted on 8/9/24 at 12:00 am to Mid Iowa Tiger
[quote]Right now, tip are reported and taxed. Cash tips are reported at 10% (the minimum reportable tip). Under the proposed policy tip will be reported and not taxed. Tips will count as income, they just won’t be taxed and by not being taxed cash tips will be reported at their full amount.E
Pleae explain to me how this works. Say I own a restaurant, how do I decleare some income and not the other. How do we keep the tipped income out of the equation? If I do own a restaurant it would be so awesome not to pay matching taxes.
So under this system the worlds largest restaurant chains like Brinker or Darden will save billions on employee taxes.
Do you realize the average restuarant worker gets most of their income tax returned to them at the end of the year. The loss in corporate taxes will drive that national deficit up even higher.
Im a republican and no serious fiscally conservative person in their right mind could back Trump.
Pleae explain to me how this works. Say I own a restaurant, how do I decleare some income and not the other. How do we keep the tipped income out of the equation? If I do own a restaurant it would be so awesome not to pay matching taxes.
So under this system the worlds largest restaurant chains like Brinker or Darden will save billions on employee taxes.
Do you realize the average restuarant worker gets most of their income tax returned to them at the end of the year. The loss in corporate taxes will drive that national deficit up even higher.
Im a republican and no serious fiscally conservative person in their right mind could back Trump.
Posted on 8/9/24 at 12:00 am to Motownsix
quote:
This narrative that everyone is broke but spending on credit is a joke
You got any evidence for that baw?
quote:
In 2024’s first quarter, personal consumption expenditures represented nearly 68% of the nation’s GDP.
A solid job market, low unemployment and wage increases help support consumer spending and a growing economy.
However, total credit card debt in the U.S. topped $1 trillion for the first time ever in the second quarter of 2023 and has moved even higher.
source
Posted on 8/9/24 at 12:04 am to Whodat4300
quote:
As an aside I grew up in Vegas.
I went to Cashman and Clark for two years.
I imagine Memphis and Shelby County will go blue. But in the eastern suburbs it's all Trump. Most people don't have political signs in their yards one way or the other.
Posted on 8/9/24 at 12:05 am to Circle K Beggar
I'm in Phoenix, and don't really hang out much with any people from the DEM side. I can say I don't see any Harris signs out here, and really didn't see many Biden/ Harris signs in 2020, so don't know if it means anything..
I have one friend that is an Independent and he voted for Biden in 2020, and blamed Trump for the Jan 6 ordeal. He seems like he is voting his pocketbook this time though and voting Trump.
I have one friend that is an Independent and he voted for Biden in 2020, and blamed Trump for the Jan 6 ordeal. He seems like he is voting his pocketbook this time though and voting Trump.
This post was edited on 8/9/24 at 12:06 am
Posted on 8/9/24 at 12:06 am to Circle K Beggar
I’m in rural TN. Local gay community is all Blue but they will lose badly. We are 70% Red.
Posted on 8/9/24 at 12:17 am to Motownsix
quote:
quote:
Everything is bad. Not just politics. Life in this country is fricking miserable.
I get that nothing brings out voters more than being disgruntled, but what in the world is so bad? I'm just not seeing where people are miserable. Best I can tell people are living their bes lives in 2024.
I think people, even people that make a good income are feeling some crunch, but have hope it can get better. But people that aren't making a great income, don't own a house at a good mortgage rate, and paying 2 to 3 times more in rent are probably hurting bad and not living the best life. Wouldn't blame them if they are pissed, a lot of them are young folks barely getting by.
This post was edited on 8/9/24 at 12:20 am
Posted on 8/9/24 at 12:20 am to 10thyrsr
quote:
In 2024’s first quarter, personal consumption expenditures represented nearly 68% of the nation’s GDP.
A solid job market, low unemployment and wage increases help support consumer spending and a growing economy.
However, total credit card debt in the U.S. topped $1 trillion for the first time ever in the second quarter of 2023 and has moved even high
In 2019 the CC debt was $900 billion and went down to something like $800 billion during covid. That move makes sense since there was nothing you could spend money on at the time. So what is CC debt up? 2-3%? The banks keep saying that the balances of money in the bank went up significantly since 2020 and hasnt changed that much. People have more money now than the used to have. Jamie Dimon who is very GOP just said the banker consumer is doing well.
Posted on 8/9/24 at 12:40 am to Motownsix
quote:
The banks keep saying that the balances of money in the bank went up significantly since 2020 and hasnt changed that much. People have more money now than the used to have.
Who is saying this?
There were a lot of reports earlier this year that Americans had finally depleted their excess savings from Covid.
Posted on 8/9/24 at 1:07 am to Circle K Beggar
I was in NH last week and if signs could vote, Trump wins NH easily
Posted on 8/9/24 at 1:17 am to Motownsix
Holy shite, you’re a retard
No, no you are not
So vote for the socialist policies of democrats? Sure, ok “Mr Republican”.
quote:
Im a republican
No, no you are not
quote:
no serious fiscally conservative person in their right mind could back Trump.
So vote for the socialist policies of democrats? Sure, ok “Mr Republican”.
Posted on 8/9/24 at 1:18 am to Arktigers
quote:
She asked my thoughts on Walz and I just said I won’t vote for him. She was surprised as her friends love him.
They didn’t know who he was 3 days ago. They love the version of him that has been portrayed in the media. But the more we are learning, he appears to be a creepy socialist who lies about everything on his record.
Posted on 8/9/24 at 1:52 am to DyeHardDylan
i'm in arizona, i think trump wins because of the border.
Posted on 8/9/24 at 2:41 am to Circle K Beggar
Here in SW Colorado, the natives will vote for Trump & all the scumbags who have moved from California will go for Mamala.
Posted on 8/9/24 at 2:54 am to Circle K Beggar
Mississippi will go about 60/40 Trump. It's not as red as the media portrays.
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