MMauler

First, don’t confuse deductions with credits. Second, Congress can make anything they want deductible. Fifty years ago, you could deduct tons of personal expenses. Back then, all interest paid (including interest paid on credit cards) were deductible. In 1986, Congress took back all of those deductions and instead lowered the top marginal tax rate to 28%. It didn’t take the Democrats long to raise that tax rate to 39% (under Clinton) but still making all of those personal expenses nondeductible. It’s now at 37%. The deal was supposed to be that you would lose all the personal expenses, but have a 28% maximum tax rate. That was just a complete f*cking lie.

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Adolfito Marte Mercedes

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Clearly, a White Hispanic.

You're confusing property taxes with income/capital gains taxes.

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It was everywhere without America-hating protesters involved.

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You could have just said DEMOCRATS.

Not exactly a meme – but definitely shows you the difference between a 70s movie and a movie made today. This scene could never be made today.





It’s funny to show how things have changed. Between the scene and Blazing Saddles, the left would just go completely out of their f*cking minds if these movies were made today.

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If Biden (or anybody else for that matter) had settled the same way

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Democratic administrations have been doing this for years. They settle suits with their preferred NGO’s, nonprofits, and other DNC related groups.

You know, like when the Biden administration gave Peter Strzok and Lisa Page $2 million to settle their bogus wrongful termination suits after they had been rightly terminated for their completely corrupt behavior as well as their treason. Anyone with even half a f*cking functioning brain knew that that was strictly a payoff to keep them in line and quiet.

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It looks like Prince William in drag.

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The median for folks aged 65 to 74 is $200,000. Those are your boomers.

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This might be a little misleading. Many Boomers had "real" retirement plans, i.e., defined benefit plans. These plans don't have a set amount of money that can be counted, but rather a monthly income amount until death.

Companies started getting rid of these in the late 70s and early 80s but many Boomers were grandfathered into these old plans until they retired.

Probably the best Frontline video I’ve ever seen is The Retirement Gamble from a few years back. It talks about the switch from traditional retirement plans to 401(k)’s in the 70s and how it has really hurt the employees but saved employers billions.

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Went to college for a couple of years with her younger brother. The family started Ward's Restaurants in Mississippi.

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Sounds like you’re thinking of Sela Ward, not Rachel Ward.