US Elections (& Politics) :)
- Thread starter sdkid
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Oregon sues to block Trump from deploying troops to Portland
It notes that protests outside the Immigration and Customs Enforcement facility in Portland have been small in recent weeks, typically drawing less than 30 people.
“Defendants’ heavy-handed deployment of troops threatens to escalate tensions and stokes new unrest,” the suit says.
The governor said she shared her strong objections with Trump during a seven-minute phone call on Saturday after waking up to his social media post.
She said Trump had told her during that call that he thought Portland’s federal courthouse was “under attack,” which she said was absolutely not true. She informed him that the only demonstrations occurring were outside the federal immigration building and they were “being managed.”
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MAGA ARMY ALERT!!! BOMBSHELL!!!
Same suckers that think there's NO tax on social security, overtime, and tips may think this helps them too!
bigredfish
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bigredfish
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Parley
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JUST IN: MASSIVE WALKOUT ALERT | Over 100,000 federal employees are expected to resign — setting up what could be the largest exodus in U.S. history.
These are career bureaucrats who don’t want accountability. The system is finally being exposed for what it is.
The question is — is this a crisis or the reset America needs?
These are career bureaucrats who don’t want accountability. The system is finally being exposed for what it is.
The question is — is this a crisis or the reset America needs?
Poor Scott Jennings gets smacked around so much on CNN he just had to try to strike back with his "choke on it" BS hoping he could get under someone's skin. It shouldn't be too interesting to see how this trial goes when Miss Colorado USA third runner-up runs into Comey's little friend:
The man enlisted to save James Comey
I think in some cases it will be a good help. Take a couple who bought a house 30 years ago or more when it was possible with a middle class income. Now they're retired living month-to-month on social security, paying no income tax. That house now can max out the $500k gain, and selling it would result in a bunch of income tax that could have gone to their kids who now can't afford a house on a middle class income. If one spouse dies, it gets a lot worse. Assuming at least a 500k gain, at least 250k is taxable. In the 15% marginal bracket that's $37.5k that could have gone to the struggling kinds instead of paying for things like congresscritter hush money payments.
I'm viewing whatever I leave behind as a help for the kids and grandkids who are trying to survive in a system rigged against them.
Yes, it will be a good help for many... but the "Alert" fails to mention the existing $250K/$500K exclusion, which I find misleading:
Of course, if the parents don't sell the house and the kids inherit it, the kid's cost basis is the fair market value on the date of the parent's death, which can significantly reduce or eliminate capital gains the kids would be liable for when they eventually sell.
Socialists don't like this step-up in basis... The "socialist" term gets thrown around a lot these days... I find this issue perfect for helping determine who leans socialist, and who doesn't:
I'm mostly joking here, but? really? na, no way...
For one guy, it gets a lot better...
Ivana Trump Laid to Rest in Gold Casket at Trump Family's New Jersey Golf Club
Did Trump Bury Ex-Wife Ivana On His Golf Course To Save Taxes? Explained
bigredfish
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True there are advantages for some with any rule change. But the vast majority that benefit are the wealthy, even with older people.
Also, if passing down as inheritance, you’re likely better off not cashing out but allowing the children to inherit the home
When you inherit a home, the IRS gives you a stepped-up cost basis to the property’s fair market value at the date of death. This often eliminates or reduces capital gains when you sell, even though the primary residence exemption rules do not apply in the traditional sense.
Who
The capital gains tax exemption for homeowners primarily benefits those who meet the eligibility criteria and have significant capital gains from the sale of their primary residence. Here are the key demographics and characteristics of homeowners who would benefit from this exemption:- Wealthier Homeowners: Homeowners with higher net worth, often above the current exemption thresholds, would benefit the most from the exemption. In 2022, the average net worth for homeowners with gains above the exemption was $5.7 million.
1 - Higher-Income Homeowners: Homeowners with higher incomes, who may have more substantial capital gains, would also benefit from the exemption.
1 - Older Homeowners: Homeowners who are older, with a longer history of owning and using their primary residence, would likely qualify for the exemption.
1
These homeowners would experience significant tax savings, averaging around $100,000 in tax savings, assuming they face the top capital gains rate of 23.8%. The average home value of those with capital gains above the exemption was about $1.4 million, and the average taxable capital gains on those homes was roughly $430,000.
bigredfish
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bigredfish
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I suppose most aren’t even aware that Congress is all but shutdown to keep the Epstein files hidden
bigredfish
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At Least 1 Dead, 9 Wounded After Shooting At Michigan Church | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zerowww.zerohedge.com
Here's more from NYPost:
We’re either of these Domestic Terrorist attacks?
bigredfish
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These are related to the offer to resign back in the Spring. The final date was set to Sept 30
bigredfish
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Is Candace super smart and/or super nuts? Or is this fake news?
Candace Owens Claims Tyler Robinson Is Innocent and Blames TPUSA for Charlie Kirk's Death
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Jessie has come a long way since his days of being Bill O'Reilly's lap dog... Yes Jessie, we can't get this violent criminal off the streets fast enough. Well, we don't want to disappoint Jessie, so here's a fake mugshot to hold him over until he gets to gloat about the real thing:
Unfortunately for Jessie, law-abiding Comey will not be arrested in the traditional sense but will be turning himself in... eventually Jessie will be very disappointed when Comey is found innocent... if the flimsy case even makes it to trial. LOL