Kolek planning to go pro
Re: Childcare .. https://www.nytimes.com/2021/10/06/upshot/child-care-biden.htmlAstonishing child-care spending in the EU.--.. In honesty, has anyone seen an explanation why the unemployment rate isn't ~2% right now? I thought part of receiving unemployment was some form of "have you looked for work this week?" .. I'd think they'd need to ask the question "how did you not get 5 job offers this week?"
Agree on all that, and I do not know how it will all end. At the moment, I'd have to guess that there will be a great rotation and those lower-level non-career jobs like hotels, restaurants .. will continue to be unfilled and more and more owners will throw in the towel.There's a high quality restaurant a block from me that is currently closed due to staffing. They've been opening and closing over the past 6 months. If staffing doesn't resolve in XX months, they'll just have to close it up. -- which is my current bet. The claim of "well, they should pay more" only works for a while. When the pizza has to be $40 to pay for the cook and waitress, your customers will stay home.Your local Subway owner makes $50k. If they have to add $25k more in salary to pay for labor, you might as well close.
People are still receiving advances on the child tax credits.
And millions of people are going to be f-ed come April, not realizing that they are just getting their money that they would get after filing is now getting paid out in advance.
Why would they be "f-ed"? I thought it was on individuals to be responsible for themselves?
You really think the idiots that are getting their Biden bucks each month understand the tax implications? That the govt is just prepaying their tax credits?There will be sob story news reports about the family that didn't get their "tax refund" because they already spent that money on stupid sh!t. Families eating cat food. It will be heart wrenching.This is another arguement for a flat tax.
Funny (not) .. so I got our first child tax credit check and read that I could request the IRS stop sending monthly checks. So I followed the directions .. got to the site .. and needed to "verify" my identity by going to ID.me and uploading my drivers' license and a piece of mail, plus a webcam picture of myself right that instant. I jumped through the hoops, but after 2-3 attempts, it said "Sorry, we can't verify you. But you can set up a video call and someone will help." So I did. The video call lady asked me to hold up my docs to the webcam, and a few minutes later I was verified. This whole adventure took about an hour.I could then terminate the child tax credits on the IRS website. So I did, only to be told "half of your credit will now be stopped. If you'd like the other half cancelled, have your spouse jump through the same hoops."Eff that, I wasn't going to make her do another hours worth of nonsense. So now she gets half a credit each month by check.
Yep, My BIL is in the restaurant industry in NYC area. He has friends who owned 4-5 good, high quality and successful restaurants. The 3 owner operators usually took home around $200-300K each a year. Nice business that had been around for over a decade. Staffing was brutal, had to add substantial costs there. Suddenly a restaurant clearing $150K in profit a year has to add another $50K in additional staffing costs. Still doable but a bit tighter. Now add reduced traffic and suddenly a thriving business is in a really tough spot. You don't stay in business that long in a cutthroat industry by suddenly jacking up all your menu prices. Because the dirty little secret is most of those people who claim "I'd gladly pay more if staff was paid better!"....don't and end up going elsewhere.Not just confined to the restaurant business, but people outside of business tend to overestimate how much cash companies keep on hand or how big margins really are and further more, how much sudden increases in costs can wreck a thriving business, and thats without myriad uncertainties, supply chain woes, etc...
Oh wow, I had no idea you were this stupid.That's so embarrassing.
Zig, be quiet now. Didn’t you hear, Hards says you are stupid and embarrassing. He’s so salient and profound. Remember, he only has to be tolerant of just those that think exactly like him. No one else.
That's substantive.I would have put you down as a "millionaires and billionaires don't pay their fair share" due to "loopholes" kinda guy. Guess you like all those tax deductions. Personal interest over the public good? Goose and gander, hey?
Zig, wow, a flat tax? In my opinion, that is very flawed policy. If you don't mind, let me share with you some of my reasoning.....Thanks for sharing your idea. I appreciate the exchange. Have a great day!
Why would you want to have them stop sending you checks? It seems that it would be easier, if you are worried about a penalty-inducing tax bill in April, to simply pocket the money and send it back as an estimated tax payment.
Remember, he only has to be tolerant of just those that think exactly like him. No one else.
I don't want to deposit the checks each month .. don't want the mail.I don't submit estimated tax payments. I want to deal with taxes once a year, in April.