Bankers want you to be taxed if you work from home

[IGIT]

hello again Lead,

Got it. I mean we do have a pretty progressive tax system at the moment.

it not enough to fund the kind of government that Republicans or Democrats want.

*pauses and paces a bit*

given the coalescing of wealth at the very tippy top, i'd like to see a greater degree of wealth redistribution. i guess there are a number of ways to do that - i'd just favor a more progressive tax policy.

In terms of aid, that first bill was meant to be fast rather than accurate. Direct checks had to go out fast for it to have its intended purposes and business loans were meant to be an indirect way of having payments reach people while still have the forgiveness piece as the way to look into it after and do the means testing.

The better critique I’ve heard about the loans is they favored businesses near the 500 mark more than those with a handful of people. I think it was a decent experiment that could be improved upon in the event this ever happens again.[/QUOTE]
i really don't like when people use anecdotal experience to make their argument.

having said that, though, i'm going to indulge this once; i received money from the government. to my way of thinking, a far too much money (PPP & the CARES Act). i have zero debt. i own my properties, and i've money in the bank and invested in the market.

i mean, i'm really doing fine, even though my business got torpedoed in the spring and summer. i have no idea why i was given all the money i was given - i applied for it because i never apply for anything like this, and i wanted to see if i could extract my own pound of flesh from the taxpayers.

it worked, to my surprise. i feel a little bad about it, but i'm keeping the money.

i don't know...seems like a very imprecise way to dole out taxpayer largesse.

*shrugs*

- IGIT

 

[Lead]

hello again Lead,

it not enough to fund the kind of government that Republicans or Democrats want.

*pauses and paces a bit*

given the coalescing of wealth at the very tippy top, i'd like to see a greater degree of wealth redistribution. i guess there are a number of ways to do that - i'd just favor a more progressive tax policy.

The better critique I’ve heard about the loans is they favored businesses near the 500 mark more than those with a handful of people. I think it was a decent experiment that could be improved upon in the event this ever happens again.
i really don't like when people use anecdotal experience to make their argument.

having said that, though, i'm going to indulge this once; i received money from the government. to my way of thinking, a far too much money (PPP & the CARES Act). i have zero debt. i own my properties, and i've money in the bank and invested in the market.

i mean, i'm really doing fine, even though my business got torpedoed in the spring and summer. i have no idea why i was given all the money i was given - i applied for it because i never apply for anything like this, and i wanted to see if i could extract my own pound of flesh from the taxpayers.

it worked, to my surprise. i feel a little bad about it, but i'm keeping the money.

i don't know...seems like a very imprecise way to dole out taxpayer largesse.

*shrugs*

- IGIT

The payments are acting in the same way as a direct payment though by using banks and business as the vehicles. Maybe you didn’t need the money as badly but so long as you used it to pay employees, it did what it was intended to do for those two months of lockdowns and the loan would be forgiven on those terms aside from some exceptions. You can’t really have it both ways where you want speed and accuracy in times of crisis. Those bills essential just found multiple ways to get money in the hands of Americans as fast as they could. I’m sure if they had over a year, they could’ve managed it better by they had weeks at best for it to be effective.

 

[IGIT]

ahoy Lead!

The payments are acting in the same way as a direct payment though by using banks and business as the vehicles. Maybe you didn’t need the money as badly but so long as you used it to pay employees, it did what it was intended to do for those two months of lockdowns and the loan would be forgiven on those terms aside from some exceptions. You can’t really have it both ways where you want speed and accuracy in times of crisis.

the PPP loan

when i got a CARES ACT grant, i was really pretty surprised, is all i'm saying.

from my own POV, i didn't really need it - and i thought if money is being doled on this scale nationally...it seemed sort of scattershot to me.

when i got my $1,200 check...well, that seemed peculiar to me also.

i'm not complaining, personally. its fine. if the government wants to provide comfort to the comfortable - its cool.

Those bills essential just found multiple ways to get money in the hands of Americans as fast as they could. I’m sure if they had over a year, they could’ve managed it better by they had weeks at best for it to be effective.

i agree that these bills got money into the hands of Americans fast.

like all things, more time would have helped. to my way of thinking, the POTUS dragged his feet on the issue and provided little if any leadership (which ended up costing time) - it took Mr Munuchin's efforts of pulling in House Democrats, GOP senators and his boss, Donald, to get the CARES ACT passed.

let me ask you, i'm curious; do you feel that the Government did the best job in dispersing these monies (given the time limitations), or do you feel that this money could have been targeted more effectively?

- IGIT

 

[Lead]

ahoy Lead!



the PPP loan

when i got a CARES ACT grant, i was really pretty surprised, is all i'm saying.

from my own POV, i didn't really need it - and i thought if money is being doled on this scale nationally...it seemed sort of scattershot to me.

when i got my $1,200 check...well, that seemed peculiar to me also.

i'm not complaining, personally. its fine. if the government wants to provide comfort to the comfortable - its cool.



i agree that these bills got money into the hands of Americans fast.

like all things, more time would have helped. to my way of thinking, the POTUS dragged his feet on the issue and provided little if any leadership (which ended up costing time) - it took Mr Munuchin's efforts of pulling in House Democrats, GOP senators and his boss, Donald, to get the CARES ACT passed.

let me ask you, i'm curious; do you feel that the Government did the best job in dispersing these monies (given the time limitations), or do you feel that this money could have been targeted more effectively?

- IGIT

I’d say faster, yes. More effectively? Not so sure. I can’t remember to clearly but I thought at the time they were maybe three weeks late on getting this done or getting the check into people’s hands. The loans were more immediate but the checks took longer than expected. One thing I think the government needs to do is build better systems for distribution during emergencies like this. It may not be used often but time is crucial during economic crisis.

 

[Bacco]

If anything we should get an extra from the workplace as we lower the expenses of our companies, while at same time we pay at home to have powerful enough internet and additional electric consume

Reality is finance know the home worker is out of the office routine and as result he can save some extra money (no transport related cost, no breakfast/lunch outside etc) wich they would love to steal

So why not purpose to tax him harder to get these little extra money he's doing straight from his pay?

Wish that leech a natural but uglyugly death, i may add

Does anyone trust that this tax would actually subsidize low-income earners?

Sound like communism for retards, with bit of populism aimed at win shit-job people approvation... i mean, they will still see minimal, if any, gain for themselves.
But the idea of get shitjobbers angry at homeworkers sound pretty modern politics and could work given 2020 people retardness

Said that is not even communism, is literally just shit finance trying to make a legit argument to grab more of your money

 

[CaptHANDSUP]

At least that money is going to the tax office. What about companies that want to take a percentage of your pay based on how cheap your suburb/town is where youre working from home out of. That money is going to go straight into the pockets of the executives and managers.

So basically just another example of a new technology being hijacked to serve a specific few people rather than everyone in society equally.

Edit: and yes i do agree that the taxation system is very flawed and that the middle class is the one upholding the tax system. That the rich have many ways to dodge or avoid taxes. I also agree that tax revenue in itself is often misused in countries like America.

 

[Bacco]

At least that money is going to the tax office. What about companies that want to take a percentage of your pay based on how cheap your suburb/town is where youre working from home out of. That money is going to go straight into the pockets of the executives and managers.

There's no "at least"
Both are crap moves with the intention of suck blood from middle class as soon they noticed new situation make bit easier for said middle class save some more money

Who is the leech is irrelevant unless you believe the "but you will see these money return as services!!" fable

Fuck that, fuck them and anybody supporting this

 

[CaptHANDSUP]

There's no "at least"
Both are crap moves with the intention of suck blood from middle class as soon they noticed new situation make bit easier for said middle class save some more money

Who is the leech is irrelevant unless you believe the "but you will see these money return as services!!" fable

Fuck that, fuck them and anybody supporting this

Hey i agree, the rich dont pay taxes. They find every possible way to avoid it or dodge it. The middle class hold up the tax system.

But either way its still not as bad as that money going directly into the pockets of google or facebook. Its still really bad but there are levels to this shit. You cant just paint it all with one brush stroke, the system is more complex than that.

 

[12ga.]

hello again Lead,



it not enough to fund the kind of government that Republicans or Democrats want.

*pauses and paces a bit*

given the coalescing of wealth at the very tippy top, i'd like to see a greater degree of wealth redistribution. i guess there are a number of ways to do that - i'd just favor a more progressive tax policy.

The better critique I’ve heard about the loans is they favored businesses near the 500 mark more than those with a handful of people. I think it was a decent experiment that could be improved upon in the event this ever happens again.

i really don't like when people use anecdotal experience to make their argument.

having said that, though, i'm going to indulge this once; i received money from the government. to my way of thinking, a far too much money (PPP & the CARES Act). i have zero debt. i own my properties, and i've money in the bank and invested in the market.

i mean, i'm really doing fine, even though my business got torpedoed in the spring and summer. i have no idea why i was given all the money i was given - i applied for it because i never apply for anything like this, and i wanted to see if i could extract my own pound of flesh from the taxpayers.

it worked, to my surprise. i feel a little bad about it, but i'm keeping the money.

i don't know...seems like a very imprecise way to dole out taxpayer largesse.

*shrugs*

- IGIT[/QUOTE]

I fucked up not applying. Didnt get $1200...make too much, just barley. Also - Run a sawmill/lumber company kiln in my spare time which i plan to do full time when i retire in 5 years..anyway business really went down but whatever i have my job so i didnt even think about it. My brother, a lawyer got 200K didnt need t either.

 

[Bacco]

Hey i agree, the rich dont pay taxes. They find every possible way to avoid it or dodge it. The middle class hold up the tax system.

But either way its still not as bad as that money going directly into the pockets of google or facebook. Its still really bad but there are levels to this shit. You cant just paint it all with one brush stroke, the system is more complex than that.

OR
You don't get extra-taxed for working from home

There are levels but this case is simple

You're comparing sizes, shapes and aids level of dicks that can force their way in your butt, considering who would be the "lesser evil"

I'm saying there's no reason you should wish to get a dick in your butt at all

Plus you're talking like only because tax office penetrate you, the company will not join the party.
Like as if leeches have some sort of human code of honor or etiquette
You may be up for a surprise

 

[SalvadorAllende]

Working from home is one of the best things happening right now. Just the enviromental benefits are huge.

Unfortunately, the problem with this kind of thinking is that it is a job killer. Many of these businesses/buildings/etc. need staff to keep it maintained/clean/running. Working at home eliminates the need for those kinds of jobs. Custodians/secretaries/assistants/etc. are out of luck.

The true question is what will replace those jobs? Because ate th end of the day our system needs that people to be active workers.

 

[Islam Imamate]

I'm curious for the people that are completely dismissive of this do you have a proposal on how to address the mass disruption and resulting imbalance that is affecting certain industries (which includes the workers employed) due Covid19 and regulations surrounding it? Not all industries and jobs are remote capable. The current economic structure (including pay and incentive scales) were based upon different circumstances.

It's not comfortable to talk about but a sizable portion of the working and middle class are actually currently better off due to the changes brought upon by Covid19 even though others in the same previous income bracket are much worse off. It's not just some rich/corporations that have benefited.

This is a problem I've had with people who fervently push for lockdown restrictions if they are in industries that benefit from or aren't affected by said lockdowns. Would they be as for lockdowns if they say faced the same dilemmas of the restaurant industry and their workers? Would they for it if their remote capable industries had to subsidize non remote capable ones (which is essentially what a tax model like this would be doing)?

If government is imposing sudden regulations that have artificially disrupted the existing economic conditions than I think it's fair consideration that they should also artificially rebalance things as well.

This is for after the pandemic because many businesses have learned that their employees work just was well, if not better, from home and will expeirment with allowing it to continue.

Yeah, the big banks are all about "communism".

The capitalist plutocrat class always has been and always will be the true and ultimate enemy of workers. It's too bad the majority of American working people have been fully indoctrinated into believing otherwise.

For some people their only framework for criticizing what they see as an overreach of bureaucracy is to call ti communism even if it makes no sense. To be fair in that guy's case it looks like he may have meant it facetiously.

Yeah, fuck that.

And no one is going to buy that "subsidize lower income workers" bullshit. It's to force people back into office buildings so that the commercial real estate market doesn't take a massive hit and the banks that hold those loans don't suffer massive losses.

In other words, if the market shifts and ends up massively disadvantaging big institutional actors we need to enact structural reforms to save them but if the market shifts disadvantages workers then that's just capitalism and they need to adapt("learn to code", "go back to school", "stop buying coffee" etc).

I'm just reading through the code and I think the Trump tax cuts eliminated this deduction for remote employees:
Employees who worked remotely had been able to include expenses from an eligible home office as an unreimbursed employee business expense, which was one of several miscellaneous itemized deductions that was deductible above 2% of their adjusted gross income. The Tax Cuts and Jobs Act eliminated those deductions starting in the 2018 tax year.

I don't think I even noticed that it wasn't available.

 

[plataoplombo]

Wouldn't surprise me at all if this passed in some European or Scandinavian countries, but fuck this shit.

Don't even attempt to bring this shit to the USA.

I see the left catching a whiff of this and running with it.

 

[superpunch]

Speaking of taxes, how much are taxes going to have to go up next year and the year after to make up for the tax revenue shortfalls the shutdowns are causing?

 

[KnightTemplar]

A pro-big bank bail-outer who gave the banks billions while allowing them to evict millions of people is going to be president. The banks must be creaming their Brooks Brothers thinking of new ways to screw over working people.

What's next? Taxing water? Oh wait.

Why do bankers go to Heaven when they die?

Because even Satan has some standards.

 

[fedoriswar37]

Lmao. Can't l physically go to work so let's tax you for being forced to stay home. And people will go for this cause they're obsessed with being babied by the government.

 

[High Altitude]

Speaking of taxes, how much are taxes going to have to go up next year and the year after to make up for the tax revenue shortfalls the shutdowns are causing?

It’s going to be brutal. All businesses will be raising prices also.

 

[Bald1]

So the bank's who's arse was licked clean by governments after causing the crash in 08 want to be basically bailed out again? Fun stuff.

No wonder the machine that is power and money want to keep us distracted by focusing on easily fixed differences. We're arguing about identity shit that were moving in a positive direction, meanwhile power and money gets consolidated at the top. And I'm a big believer in capitalism, but as with everything there needs to be limits.

 

[Ornife]

So the bank's who's arse was licked clean by governments after causing the crash in 08 want to be basically bailed out again? Fun stuff.

No wonder the machine that is power and money want to keep us distracted by focusing on easily fixed differences. We're arguing about identity shit that were moving in a positive direction, meanwhile power and money gets consolidated at the top. And I'm a big believer in capitalism, but as with everything there needs to be limits.

It's socialism for the corporate plutocrats and capitalism for everyone else. Unfortunately, we seem too collectively addicted to hating our fellow citizens to ever pose any serious threat to the status quo.

 

[Billthebutcher]

Biden plans to tax everyone, everywhere, regardless of your income.