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Cake day: June 15th, 2023

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  • Moody’s didn’t even de-rate much riskier Mortgage-backed securities leading to Great Recession, but they’re derating the world standard for safe and dependable investments. Thats how much they’ve lost faith in the trump administration’s ability to continue paying on US debt.

    Oh, and we all just got a nice deficit increase from this because it means we, the USA, have to pay people more to service our national debt. The party of fiscal responsibility everyone.







  • How do you actually do the income taxes though?

    Many companies can do payroll withholding for local/school taxes just like they do with State or Federal. There are boxes on your W-2 you get when you file your taxes that show this:

    Is it completely separate from your federal/state that get filed each year?

    Yep, 3 forms to fill each year: Federal, State, Local/School

    It seems like it would be a huge burden to be a separate thing, and it would be easier if it was somehow incorporated into a federal/state tax system where if your municipality has taxes you fill out a few spots and the money gets sent to them?

    Its a pain, but so are Federal and State taxes. Municipal/school taxes can also get complicated if you work in one city with tax and live in another. Many will give you partial or full credit so you don’t end up paying full municipal income tax to two cities, but this isn’t always the case.

    E.g an added section on your state/federal to add the municipalities tax id and tax rate (as it’d be variable by area)

    Just like each State has their own rules, each city can have theirs so your suggestion can’t be just numbers to fill in because which numbers may change between cities. Dividend income is one example I know different cities treat/tax differently. Yes its a pain, but, its adulting.



  • Where I am we have fairly low property tax and a small municipal income tax. So it splits the burden equally. If you live outside of a municipality, there will be a small income tax to support your public school district. This is also on top of State taxes income taxes and Federal income taxes. Sales taxes are also a thing at the state and city level. Honestly, I don’t feel overly taxed with the total amount of money I pay in taxes. I receive the benefits of society. This is even for services I don’t consume, but I want the services available to my neighbors that may need them, such as housing assistance, elder care, supplemental nutrition, etc.


  • Lots of back and forth on inspection items. We wanted a lot fixed that should be fixed and they did do it as well as a lot of consolations,

    That’s fair. That’s pretty common, and it usually sounds worse than it is. I think its also about setting expectations. If you have the expectation that you’ll be looking at a perfect house and simply agree to the sale price, then you’ll be surprised/frustrated. If you’re prepared for that back and forth with the horse trading on what you’ll fix vs what you won’t (similar to buying a used car), then its not too bad.

    but if we had to sell this house right now, as I lost my job yesterday, I wouldn’t have the cash to be able to fix stuff that needs it for another inspection

    You aren’t required to fix anything as the seller, however your buyer can walk away if it doesn’t pass inspection. If you have lots of buyers, this can be the right choice sometimes. However, if you only have one buyer you’re going to have to compromise. The middle ground here is that you can lower the cost of the house to cover the costs of the items needed to pass inspection. Buyers will usually go for that. So even if you don’t have cash in hand to fix things, you can still sell.



  • If you’re old and no longer have much of an income, you still have your home. If you become disabled,

    We already have this is many states in the USA. Its called the “Homestead Exemption”. Here’s an example from Ohio:

    “This is a statewide program, administered by County Auditors under rules established by the Ohio Legislature and the Ohio Department of Taxation. This allows senior citizens (65 or older) as well as permanently and totally disabled homeowners to reduce their real estate taxes by the amount equal to the taxes that would otherwise be charged on $25,000 of the market value of an eligible taxpayer’s homestead or residence. The homestead may include up to one acre of land. Under the changes made by the Ohio Legislature and beginning with applications for tax year 2014, new participants in the program will be subject to an income test to be eligible.”

    So matter how big your house is (as long as its on one acre of land or less and you have an income $$75k/year or below) you only get charged as though the house is worth $25k, which I think would obviously be a very low tax bill.



  • Tax the sales of property.

    I’m thinking of the untended consequences of that policy. The first I can think of is people simply would never sell their houses because they’d get hit with enormous taxes (large enough to equal decades of property taxes). Home owners would simply rent out the houses when they need/want to move away. So home ownership for those living in the homes would collapse. Further, city services would likely starve from lack of funding because there would be no little revenue and what revenue they got would be very sporadic.

    but you should be able to have a house to live in without paying the state for the privilege of them not taking it.

    There are absolutely houses like that (in the USA at least). Those houses not in cities with police and fire protection, roads, sidewalks, snow plowing, public libraries, or any other kind of city services. If you want the benefits of a society someone has to pay the bill. Alternatively, some cities have income taxes or very high sales tax. Both of which you’d pay to live in the city.

    Who are you suggesting paying the bill for your consumption of city services besides you?



  • As much as I want to bash trump, understand that this parade would have happened regardless of who is president and when their birthday is.

    Others have already pointed out you’re wrong, but I was just curious how wrong. So I went looking. Any searches within the last year are polluted with results talking about this trump parade, so I set the search first to prior to 2024 which revealed something I had entirely forgotten. tRUMP TRIED THIS CRAP BEFORE in 2018 AND WAS SHOT DOWN ON COSTS:

    source

    So setting the search criteria PRIOR to even the first trump presidency in 2015 gives us this:

    source

    So it is by no means common to have military equipment rolling down Pennsylvania avenue and even that much smaller one cost $12m in 1991 dollars ($28,305,381.17 in 2025 dollars).




  • John Deere has been doing sketchy stuff especially on blocking the “right to repair” front. Thats an entirely different argument if thats where you were going. Thats preventing repair of functionality that was sold to the buyer but the buyer is prevented from making it work again without paying excessive fees/prices to John Deere to use otherwise perfectly legitimate John Deere salvage parts to restore the original function.

    We’re talking about something else here. This is where there is functionality never sold to the buyer, and the buyer is trying to gain that extra functionality.

    I just think it’s worse for the consumer.

    I can absolutely understand that perspective from the micro point of view, but what would actually be worse for the customer is if a manufacturer had to design, build, and maintain many different versions of something losing the economies of scale that bring costs down of building a whole bunch of one of something and then not enabling parts or use full function of what may be capable.

    Consumers would actually be paying more if your method was forced to occur.