2020 Presidential Race

#41,906
#41,906
BowlBrother85 said:
The guy I quoted said that children were recovering at a rate of 100%. Obviously, it's not that high.
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But he didn't. He typed "essentially 100%".

If the percentage is anywhere near 99.xx%, then his statement is valid. That's why you need to run the fatalities against the total number of cases, correct?
 
#41,908
#41,908
McDad said:
But he didn't. He typed "essentially 100%".

If the percentage is anywhere near 99.xx%, then his statement is valid. That's why you need to run the fatalities against the total number of cases, correct?
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It's stupid butt covering... and I don't play the semantics game.
 
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#41,910
#41,910
BowlBrother85 said:
It's stupid butt covering... and I don't play the semantics game.
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Evidently you don't like math either. I know,

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#41,915
#41,915
MG1968 said:
So 1/20th of one percent? I’ll take those odds, Alex.
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Also really ignorant because of the regular death rate is........1:115. 863/100,000 or 2.5 million a year.

So you are 17 times more likely to die from NOT Covid, than you are Covid.

And if you add in the Covid deaths that death rate goes all the way up to 1:111.

Death rate in 2010 1:110.
 
#41,917
#41,917
carlos86 said:
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So they’re basically stating that Biden will go back to a China appeasement strategy which would nullify the looming tax hikes. Awesome.

“Yeah Biden is gonna go back to selling our country out to the Chinese and he’s gonna tax you into oblivion to boot”

seems like a decent paraphrase. Glad they put that in writing!
 
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#41,918
#41,918
carlos86 said:
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It’s not just high taxes and a back to the same trading with China . Biden ( the left ) will reintroduce regulations and restrictions . High taxes , regulations and restrictions are economy killers . If Joe takes the oval and the liberals take the senate .. Watch what the stock market does then .
 
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#41,919
#41,919
This thread is reminding me of the heat Obama took for saying "if you like your doctor, you can keep your doctor" when the reality ended up being only 99% of the people were able to keep their doctor.
That one percent certainly seemed significant to the right wing hype machine.
 
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#41,920
#41,920
0nelilreb said:
It’s not just high taxes and a back to the same trading with China . Biden ( the left ) will reintroduce regulations and restrictions . High taxes , regulations and restrictions are economy killers . If Joe takes the oval and the liberals take the senate .. Watch what the stock market does then .
Click to expand...

What are the tax increases proposed by Biden?
 
#41,921
#41,921
luthervol said:
This thread is reminding me of the heat Obama took for saying "if you like your doctor, you can keep your doctor" when the reality ended up being only 99% of the people were able to keep their doctor.
That one percent certainly seemed significant to the right wing hype machine.
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Obama also said that on the day he was sworn in (2008), he would close Gitmo.
 
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#41,923
#41,923
McDad said:
What are the tax increases proposed by Biden?
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Details of Biden’s Tax Plan
Payroll tax and individual income changes:

  • Imposes a 12.4 percent Old-Age, Survivors, and Disability Insurance (Social Security) payroll tax on income earned above $400,000, evenly split between employers and employees. This would create a “donut hole” in the current Social Security payroll tax, where wages between $137,700, the current wage cap, and $400,000 are not taxed.[1]
  • Reverts the top individual income tax rate for taxable incomes above $400,000 from 37 percent under current law to the pre-Tax Cuts and Jobs Act level of 39.6 percent.
  • Taxes long-term capital gains and qualified dividends at the ordinary income tax rate of 39.6 percent on income above $1 million and eliminates step-up in basis for capital gains taxation.[2]
  • Caps the tax benefit of itemized deductions to 28 percent of value, which means that taxpayers in the brackets with tax rates higher than 28 percent will face limited itemized deductions.
  • Restores the Pease limitation on itemized deductions for taxable incomes above $400,000.
  • Phases out the qualified business income deduction (Section 199A) for filers with taxable income above $400,000.
  • Expands the Earned Income Tax Credit (EITC) for childless workers aged 65+; provides renewable-energy-related tax credits to individuals.
Business tax changes:

  • Increases the corporate income tax rate from 21 percent to 28 percent.[3]
  • Creates a minimum tax on corporations with book profits of $100 million or higher. The minimum tax is structured as an alternative minimum tax—corporations will pay the greater of their regular corporate income tax or the 15 percent minimum tax while still allowing for net operating loss (NOL) and foreign tax credits.[4]
  • Doubles the tax rate on Global Intangible Low Tax Income (GILTI) earned by foreign subsidiaries of US firms from 10.5 percent to 21 percent.
  • Establishes a Manufacturing Communities Tax Credit to reduce the tax liability of businesses that experience workforce layoffs or a major government institution closure; expands the New Markets Tax Credit and makes it permanent; offers tax credits to small business for adopting workplace retirement savings plans; expands several renewable-energy-related tax credits and deductions and ends subsidies for fossil fuels.
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Joe Biden’s 2020 Tax Plan

Couple more.

  • Biden has proposed raising the top individual income tax rate to 39.6%, up from 37%. Those with income exceeding $1 million could see long-term capital gains rates rise to 39.6%, from 20%.
  • “Step up in basis” — a tax break that allows beneficiaries to sell off inherited assets and pay little to no taxes — would be repealed.
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https://www.cnbc.com/2020/07/21/heres-what-a-biden-presidency-might-mean-for-your-taxes.html
 
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#41,925
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