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Bernie Sanders Defends Democratic Socialism

Discussion in 'Breaking News' started by bzmazu, Jun 12, 2019.

  1. sugarbabe

    sugarbabe Member

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    I don't disagree with all social programs, I think some are necessary in countries where we promote individuality and lack of family support systems. But if you go to the SSA.gov website it IS about retirement. You can even estimate how much you will get based on how much you earned each year you worked and when you will retire. And they don't give you interest on that money you built up either like you would in other investments. The disability is pretty strict too, you have to be very completely unable to do basic tasks and you need enough credits to qualify, and became disabled while still working, meaning you have had to be paying into your own disability fund lol (unless you were disabled in childhood). So if I became disabled I wouldn't qualify because I haven't worked since 2008.

    What will the US do in 50 years when all the autistic children's parents are dieing off and they still need fulltime care? Welp guess taxes will be going way up! Our society is not healthy and social programs are not doing anything to address it, just more and more taxes, more and more inflation. I feel very sorry for future generations.
     
  2. raysputin

    raysputin Member

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    I’m not sure that any insurance would cover the cost of a private nurse. From my experience in hospitals and in the industry, it seems many people who aren’t sick enough to stay in the hospital need to hire their own care, which is obviously not an option for most Americans.
     
  3. raysputin

    raysputin Member

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    I remain convinced that autoimmune dysregulation of the HPA axis along with neuro immunological dysfunction due to vaccines causes autism. That’s an entirely different beast. In my opinion America experienced the increased wealth and middle class prosperity that it did in the 50s and 60s largely due to new deal social programs. Hoover treated America like a business and drove it to the ground. FDR treated it as a society made up of people and renewed the work ethic and morale. The rugged individualism and lift yourself from your bootstraps mentality is all part of the myth making that has destroyed this country.
     
  4. managing

    managing Member

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    That is not correct. Corporations (S and C) pay corporate income tax. If they have investments, and they probably do, they will pay CG on those. But investing is not Amazon's (nor most corporations) primary business. LLC owners receive the income on their 1040 (Sch C) just like wage earners. If they have investments, they will pay CG on those too.

    But you are confusing investing (what you do if you own a share of Amazon) and business income (which is what Amazon makes). Two totally different taxation scenarios.
     
  5. ShotTrue

    ShotTrue Member

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    appropriate username:cigar:
     
  6. managing

    managing Member

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    Well, I am not crazy about the current SS system. But consider this. What if you can opt out? And what if you then fail to provide for yourself. You get old. Incapable of working, or even taking care of yourself. Lose your home. Then what? You think you will only be a burden to yourself? That is never ever the case.
     
  7. Cirion

    Cirion Member

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    What is the different between LLC and a full corporation? The understanding I got is that a corporation is just a piece of paper that average joe can make.

    What are the corporate tax rates?
     
  8. managing

    managing Member

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    21%

    LLC are pass throughs. They give small business owners protection from personal liability like corporations. Partnerships and sole proprietors do not have this. But, like a SP or Partnership, it avoids double taxation. Corps are subject to double taxation. The company gets taxed as an entity. Then the owners get taxed again.
     
  9. tygertgr

    tygertgr Member

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    The entire point of an S corp is that it pays no income tax. It's a pass-through entity. The owners get taxed on profits as ordinary personal income.
     
  10. managing

    managing Member

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    yes, that was supposed to read "not S but C". Unless they elect to be taxed as a "corporation" which LLCs can elect also. But a pretty rare situation.
     
  11. roguesandy

    roguesandy Member

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    Can you share the source of this claim? I'm very interested in seeing it. Thx
     
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