BuffaloWeather Posted May 4, 2020 Share Posted May 4, 2020 3 minutes ago, Luke_Mages said: Ya I don’t know enough to say wether the debt portion really hurts us. If the economy grows to out pace it then it doesn’t really matter I guess. You’re spot on with the spending...I know for my wife and I the entire 1st 4K would be blown on crap we don’t need lol. Exactly. The major factor in allowing the USA to have such a great economy is the fact that none of us save any money and spend spend spend. It helps drive corporate earnings higher and higher and then they increase dividends and reinvest in new tech and on and on we go. Link to comment Share on other sites More sharing options...
BuffaloWeather Posted May 4, 2020 Share Posted May 4, 2020 If I'm not allowed to travel all year I plan to remodel my kitchen, bathroom, and fix my fence. I'll be helping the local contractors, lowes, home depot, and walmarts of the world. All of the money will be reinvested back into the market. 1 Link to comment Share on other sites More sharing options...
TugHillMatt Posted May 4, 2020 Share Posted May 4, 2020 9 minutes ago, wolfie09 said: The government has helped me a lot during these trying times between the stimulus check and the extra$600 in unemployment plus 13 week extension..It's hard for me to expect much more, I even think that's over kill lol 1 more lump sum stimulus check wouldn't surprise me though.. I was able to find a decent quote for private health insurance, $232 a month . Free yearly wellness check $25 doctor visit $50 specialist $75 hospital 80% coverage on medication, generic or named brand.. Kicks in may 15, so that makes me feel a little better about things..lol Glad you were able to find something. I still think it's ridiculous to pay that much a month as we, the people, have definitely lost control/power when it comes to the healthcare industry. I know there was NO WAY I could afford the $900 a month health insurance that seems like the average. Link to comment Share on other sites More sharing options...
Buckeyes_Suck Posted May 4, 2020 Share Posted May 4, 2020 9 minutes ago, TugHillMatt said: Not sure about that...It could just go and sit in the banks or some private accounts in the Caymans. $2000 a month is absurd. I haven't looked into it, so I don't know who the recipients would be. Sounds like more excuses for people to NOT find jobs. That's like a lower middle-class monthly pay. I think the point about not encouraging people to work is why they will give it to both the employed and unemployed. We’re already seeing people not wanna work because of the extra $600 being given out weekly to unemployed. I hope to hell the $2000 sunsets the $600/week though...other wise you could be taking home about $8100 a month unemployed, with all but $2k of that untaxed. Link to comment Share on other sites More sharing options...
BuffaloWeather Posted May 4, 2020 Share Posted May 4, 2020 1 minute ago, Luke_Mages said: I think the point about not encouraging people to work is why they will give it to both the employed and unemployed. We’re already seeing people not wanna work because of the extra $600 being given out weekly to unemployed. I hope to hell the $2000 sunsets the $600/week though...other wise you could be taking home about $8100 a month unemployed, with all but $2k of that untaxed. Unemployment is taxable as normal payroll income is. Link to comment Share on other sites More sharing options...
Buckeyes_Suck Posted May 4, 2020 Share Posted May 4, 2020 Just now, BuffaloWeather said: Unemployment is taxable as normal payroll income is. Yea that’s why I said all but about $2k would be untaxed, the 2k would be maxed out unemployment in NYS. Link to comment Share on other sites More sharing options...
BuffaloWeather Posted May 4, 2020 Share Posted May 4, 2020 All income is taxable except HSAs used for health expenses and social security income if you make under a certain amount each year. I think these are the only 2? Are there any other sources of income that aren't taxed? Link to comment Share on other sites More sharing options...
Buckeyes_Suck Posted May 4, 2020 Share Posted May 4, 2020 4 minutes ago, BuffaloWeather said: If I'm not allowed to travel all year I plan to remodel my kitchen, bathroom, and fix my fence. I'll be helping the local contractors, lowes, home depot, and walmarts of the world. All of the money will be reinvested back into the market. Don’t forget Lenco. That place is freaking awesome, at least the one at Sheridan and transit. You’ll never wanna shop at HD or Lowe’s again. 2 Link to comment Share on other sites More sharing options...
TugHillMatt Posted May 4, 2020 Share Posted May 4, 2020 1 minute ago, Luke_Mages said: I think the point about not encouraging people to work is why they will give it to both the employed and unemployed. We’re already seeing people not wanna work because of the extra $600 being given out weekly to unemployed. I hope to hell the $2000 sunsets the $600/week though...other wise you could be taking home about $8100 a month unemployed, with all but $2k of that untaxed. The whole thing just confuses me. I am definitely not a financial expert so I will step back on that and learn from some of you other guys. Perhaps the U.S. feels more comfortable going into huge debt because pretty much the whole world is struggling financially right now? Link to comment Share on other sites More sharing options...
Buckeyes_Suck Posted May 4, 2020 Share Posted May 4, 2020 1 minute ago, BuffaloWeather said: All income is taxable except HSAs used for health expenses and social security income if you make under a certain amount each year. I think these are the only 2? Are there any other sources of income that aren't taxed? I’m pretty sure the $600 per week they’re giving right now is untaxed, as is the stimulus checks. Link to comment Share on other sites More sharing options...
BuffaloWeather Posted May 4, 2020 Share Posted May 4, 2020 7 minutes ago, Luke_Mages said: I’m pretty sure the $600 per week they’re giving right now is untaxed, as is the stimulus checks. The $600 is taxable my wife gets it. She gets $525 with tax taken out. Stimulus I believe is untaxed. 1 Link to comment Share on other sites More sharing options...
wolfie09 Posted May 4, 2020 Author Share Posted May 4, 2020 It's actually more"health sharing" then health insurance even though it does count as health insurance for tax purposes.. That's why it's cheaper with no deductable.. 1 Link to comment Share on other sites More sharing options...
BuffaloWeather Posted May 4, 2020 Share Posted May 4, 2020 12 minutes ago, TugHillMatt said: The whole thing just confuses me. I am definitely not a financial expert so I will step back on that and learn from some of you other guys. Perhaps the U.S. feels more comfortable going into huge debt because pretty much the whole world is struggling financially right now? Think about this. Canadas GDP is 1.7 trillion, Californias is 2.75 trillion. Canada is giving their unemployed workers $2k a month for 6 months. USA can go into debt because we still have the safest debt in the world. If the USA fails the entire world fails. China desperately wants to change that fact. They want to be number 1 badly. I love what Trump did to them these last few years. 2 Link to comment Share on other sites More sharing options...
Buckeyes_Suck Posted May 4, 2020 Share Posted May 4, 2020 17 minutes ago, BuffaloWeather said: The $600 is taxable my wife gets it. She gets $525 with tax taken out. Stimulus I believe is untaxed. That's prob just NY state taking their cut. lol Kind of crazy that its taxed but i guess it makes sense because everyone's liabilities are different. Link to comment Share on other sites More sharing options...
DeltaT13 Posted May 4, 2020 Share Posted May 4, 2020 15 minutes ago, BuffaloWeather said: Think about this. Canadas GDP is 1.7 trillion, Californias is 2.75 trillion. Canada is giving their unemployed workers $2k a month for 6 months. USA can go into debt because we still have the safest debt in the world. If the USA fails the entire world fails. China desperately wants to change that fact. They want to be number 1 badly. I love what Trump did to them these last few years. Trump raised consumer prices on Americans and decimated the farming industry. You’re smarter than this BW. Tariffs don’t work the way you or Trump think. Link to comment Share on other sites More sharing options...
TugHillMatt Posted May 4, 2020 Share Posted May 4, 2020 21 minutes ago, BuffaloWeather said: Think about this. Canadas GDP is 1.7 trillion, Californias is 2.75 trillion. Canada is giving their unemployed workers $2k a month for 6 months. USA can go into debt because we still have the safest debt in the world. If the USA fails the entire world fails. China desperately wants to change that fact. They want to be number 1 badly. I love what Trump did to them these last few years. Thanks for that explanation. Interesting...makes one wonder where we would be right now in relationship to China during this Pandemic if he wasn't the president. Link to comment Share on other sites More sharing options...
Buckeyes_Suck Posted May 4, 2020 Share Posted May 4, 2020 1 minute ago, DeltaT13 said: Trump raised consumer prices on Americans and decimated the farming industry. You’re smarter than this BW. Tariffs don’t work the way you or Trump think. Links? The only feedback I've read about farming and Trump is that him rolling back some of the EPA watershed rules was a godsend for them. And that China is finally buying rice from the US due to China lowering tariffs. Link to comment Share on other sites More sharing options...
TugHillMatt Posted May 4, 2020 Share Posted May 4, 2020 I will say I was NOT happy when Trump cut funding towards taking care of the Great Lakes. Those large freshwater ecosystems are vital for so many things...including local wildlife but also for human use. He has done a number (negatively) to our country's National Parks system too. Link to comment Share on other sites More sharing options...
DeltaT13 Posted May 4, 2020 Share Posted May 4, 2020 We don’t need links, it’s just the basic numbers from the past few years. Trade wars squeeze the consumer and we all saw the stories of literal mountains of soybeans sitting on the plains. We all saw the massive insane socialist bailout when tariffs rocked the agriculture section. It’s clear as crystal. You are also smarter than this. Most sides agree the trade war accomplished nothjng excepting ****ing us over. Link to comment Share on other sites More sharing options...
DeltaT13 Posted May 4, 2020 Share Posted May 4, 2020 4 minutes ago, TugHillMatt said: Thanks for that explanation. Interesting...makes one wonder where we would be right now in relationship to China during this Pandemic if he weren't the president. Canada debt to gdp is 34% the USAs debt to gdp is somewhere near 105% This obviously shows we are straight hemorrhaging money and in a far worse place than Canada to be handing out stacks of free cash. Earning and bankruptcies are going to be an all time high the next quarter. Corporations will squirrel away any extra money. The consumers will get spooked and save money just like they did after 2008. The US is in for some massive pain. The oil market getting wrecked is icing on the cake for a huge portion of high pay blue collar jobs. We are getting very close to not being able to print our way out of a real mess when we can’t even afford interest payments. Link to comment Share on other sites More sharing options...
BuffaloWeather Posted May 4, 2020 Share Posted May 4, 2020 1 hour ago, DeltaT13 said: Trump raised consumer prices on Americans and decimated the farming industry. You’re smarter than this BW. Tariffs don’t work the way you or Trump think. I honestly don't know enough about the trade wars to make a comment aside from us needing to do something about literally everything being made in China. I want our country to start making more products instead of relying entirely on the servicing industry. 1 Link to comment Share on other sites More sharing options...
BuffaloWeather Posted May 4, 2020 Share Posted May 4, 2020 Interesting. Link to comment Share on other sites More sharing options...
BuffaloWeather Posted May 4, 2020 Share Posted May 4, 2020 THE HEALTH EFFECTS OF ECONOMIC DECLINE https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3855327/ Link to comment Share on other sites More sharing options...
wolfie09 Posted May 4, 2020 Author Share Posted May 4, 2020 1 hour ago, Luke_Mages said: That's prob just NY state taking their cut. lol Kind of crazy that its taxed but i guess it makes sense because everyone's liabilities are different. 10% is federal 2.5% State.. Link to comment Share on other sites More sharing options...
Buckeyes_Suck Posted May 4, 2020 Share Posted May 4, 2020 9 minutes ago, wolfie09 said: 10% is federal 2.5% State.. I know, I was joking. 1 Link to comment Share on other sites More sharing options...
BuffaloWeather Posted May 4, 2020 Share Posted May 4, 2020 A security guard is shot and killed after telling customer to put on a face mask https://www.cnn.com/2020/05/04/us/michigan-security-guard-mask-killing-trnd/index.html 3 Link to comment Share on other sites More sharing options...
Buckeyes_Suck Posted May 4, 2020 Share Posted May 4, 2020 1 hour ago, DeltaT13 said: We don’t need links, it’s just the basic numbers from the past few years. Trade wars squeeze the consumer and we all saw the stories of literal mountains of soybeans sitting on the plains. We all saw the massive insane socialist bailout when tariffs rocked the agriculture section. It’s clear as crystal. You are also smarter than this. Most sides agree the trade war accomplished nothjng excepting ****ing us over. I wouldn't call $13B over two years a massive bailout. Farmers are doing just fine. I'll gladly pay a little more for something made in america than something made in china, now more than ever. Why should china get away with charging a 25% tariff on cars manufactured here when we only charge 2.5% on cars imported here? You ever hear of eastman and westman? Eastman is right here in Buffalo. Westman china. They both made these... Link to comment Share on other sites More sharing options...
MJO812 Posted May 4, 2020 Share Posted May 4, 2020 Link to comment Share on other sites More sharing options...
cleetussnow Posted May 4, 2020 Share Posted May 4, 2020 2 hours ago, DeltaT13 said: We don’t need links, it’s just the basic numbers from the past few years. Trade wars squeeze the consumer and we all saw the stories of literal mountains of soybeans sitting on the plains. We all saw the massive insane socialist bailout when tariffs rocked the agriculture section. It’s clear as crystal. You are also smarter than this. Most sides agree the trade war accomplished nothjng excepting ****ing us over. Not going to go too far into this...yes farmers took a hit. No bueno. The point of the tariffs was in part to send the message to China we can stop feeding them anytime. Australia was recently threatened economically by China, and they may come to the same conclusion that the US did, and stop feeding China as well. Neither country wants to be bullied by China China cannot feed itself. Of all the threats to China, this is near the top. They need food imports. If China is perceived and understood to be materially reckless with the virus by the western world, and they decide to sanction and choke China, they can. The implications are huge. 2 Link to comment Share on other sites More sharing options...
Thinksnow18 Posted May 4, 2020 Share Posted May 4, 2020 3 hours ago, Luke_Mages said: Don’t forget Lenco. That place is freaking awesome, at least the one at Sheridan and transit. You’ll never wanna shop at HD or Lowe’s again. Love Lenco but their hours are too damn short! 1 Link to comment Share on other sites More sharing options...
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