|
Off Topic Off Topic - General non-Corvette related discussion. |
|
Share | Thread Tools | Search this Thread |
05-27-2021, 3:25pm | #1 | ||||||
Vette Barn Crew
|
Malarkey: Proposes $6 TRILLION budget
Are Democrats out of their minds? No really...are they insane?
A $6 trillion budget. This will be a permanent albatross on future generations. This is absolutely reckless financial activity. This country is completely doomed. On the plus side, much of the spending is to fix injustices through more spending on "social programs". Translation: Middle class and upper class going to get F'ed with a hockey stick while the losers will make out like bandits. This is INSANITY. https://www.reuters.com/world/us/bid...yt-2021-05-27/ |
||||||
05-27-2021, 4:27pm | #2 | ||||||
A Real Barner
Join Date: Dec 2011
Location: Down the Shore,New Jersey Elev.3 feet.
Posts: 18,937
Thanks: 4,681
Thanked 11,225 Times in 5,256 Posts
Gameroom Barn Bucks: $1007997
|
Yes they are and yes it is....our grand kids grand kids will be paying it
|
||||||
05-27-2021, 4:48pm | #3 | ||||||
Barn Stall Owner #1120
NCM Supporter '20,'21
Join Date: Jan 2016
Location: La Isla de Ira
Posts: 18,124
Thanks: 3,999
Thanked 18,967 Times in 8,421 Posts
Gameroom Barn Bucks: $1030760
|
It was doomed when they printed that first $2 TRILLION stimulus.
|
||||||
The Following User Says Thank You to dvarapala For This Useful Post: |
05-27-2021, 4:53pm | #4 | |||||||
Vette Barn Crew
|
Quote:
But now $6 TRILLION more?! Have Democrats lost their minds?! This Administration is the worst in history by miles. It's not even close. They're evil. EVIL. |
|||||||
The Following User Says Thank You to Slo Yelo C5 For This Useful Post: |
05-27-2021, 4:57pm | #5 | ||||||
VB Dad of the Year
RDBM Barn Stall Owner #9 Barn Raising I,II NCM Supporter '11,'12,'13,'14,'15,'16,'17,'19,'20,'21 Bantayan Kids '13,'14,'15,'17 GTMS ‘18
Join Date: Jan 2011
Location: Fort Myers
Posts: 37,023
Thanks: 10,431
Thanked 21,449 Times in 8,449 Posts
Gameroom Barn Bucks: $35999378
|
Given the fact that I can work from anywhere in the world, I'm pretty sure when I sell my house, I will be moving to a different country. As a high earner, I refuse to continue to support this nonsense.
|
||||||
The Following 5 Users Say Thank You to Datawiz For This Useful Post: |
05-27-2021, 5:02pm | #6 | |||||||
Vette Barn Crew
|
Quote:
Poland, Czech, and Hungary experienced the disaster that is Communism and went capitalist. At this point, I may be able to save enough and retire in one of those countries in the next few years. I don't need to work my *** off (I currently work 60+ hours per week) for my 6-figure salary only to lose nearly half of it via taxes. This has gotten to the point of lunacy. |
|||||||
05-27-2021, 5:14pm | #7 | ||||||
Bantayan Kids '13
Join Date: Mar 2011
Location: Kettering Ohio
Posts: 9,185
Thanks: 3,361
Thanked 5,731 Times in 2,515 Posts
Gameroom Barn Bucks: $875210
|
Problem is it was the dam people that voted these assholes in.
|
||||||
The Following User Says Thank You to Dan Dlabay For This Useful Post: |
05-27-2021, 6:45pm | #8 | ||||||
A Real Barner
Join Date: Dec 2011
Location: Down the Shore,New Jersey Elev.3 feet.
Posts: 18,937
Thanks: 4,681
Thanked 11,225 Times in 5,256 Posts
Gameroom Barn Bucks: $1007997
|
|
||||||
The Following User Says Thank You to 04 commemorative For This Useful Post: |
05-27-2021, 7:08pm | #9 | ||||||
A Real Barner
Join Date: Dec 2019
Location: Edmond, Oklahoma
Posts: 8,301
Thanks: 4,255
Thanked 8,962 Times in 3,568 Posts
Gameroom Barn Bucks: $7484
|
There is absolutely no way the country can afford to have that large of a budget, nor should it have an annual budget that high.
The F'n liberal democrats have lost their minds! |
||||||
The Following User Says Thank You to bigblock427 For This Useful Post: |
05-27-2021, 7:26pm | #10 | ||||||
Barn Stall Owner #1120
NCM Supporter '20,'21
Join Date: Jan 2016
Location: La Isla de Ira
Posts: 18,124
Thanks: 3,999
Thanked 18,967 Times in 8,421 Posts
Gameroom Barn Bucks: $1030760
|
Sadly, there's only one way this can play out: at some point the house of cards implodes, everyone is wiped out, and what's left of the economy starts over again from scratch - probably based on the Gold standard again.
|
||||||
05-27-2021, 7:32pm | #11 | |||||||
A Real Barner
Join Date: Mar 2019
Posts: 22,568
Thanks: 17,855
Thanked 6,697 Times in 3,004 Posts
Gameroom Barn Bucks: $1008643
|
Quote:
|
|||||||
The Following User Says Thank You to sublime1996525 For This Useful Post: |
05-27-2021, 8:31pm | #12 | ||||||
Vette Barn Crew
|
|
||||||
05-27-2021, 8:41pm | #13 | |||||||
Barn Stall Owner #55
Island14 Cardio Team
Join Date: Jan 2011
Location: A sympathetic, well-meaning, elderly man with a poor memory
Posts: 14,889
Thanks: 3,787
Thanked 9,258 Times in 4,411 Posts
Gameroom Barn Bucks: $23236
|
Quote:
I don't even know who one could talk to. Asking for a friend... |
|||||||
05-27-2021, 8:43pm | #14 | ||||||
Barn Stall Owner #122
NCM Supporter '11,'13 Bantayan Kids '13,'14,'17
Join Date: Oct 2009
Location: Gaithersburg, MD.
Posts: 22,652
Thanks: 6,251
Thanked 8,447 Times in 4,268 Posts
Gameroom Barn Bucks: $1158963
|
It’s not just dems. Pubs try to cut taxes without cutting .Gov. Both sides are totally against the common man. Anyone that voted for Biden is just a douche.
|
||||||
The Following User Says Thank You to VatorMan For This Useful Post: |
05-27-2021, 9:08pm | #15 | |||||||
Vette Barn Crew
|
Quote:
Won't work, unfortunately. First off, if you're under 59.5 years old (talk about an odd number, eh?), the moment you request a withdrawal or complete distribution from the retirement plan administrator (eg Vanguard, Fidelity, etc) they withhold federal taxes AND funds for your penalty amount (IIRC--but it's been awhile--the "penalty" amount due to you being underage is 10% of the withdrawal amount--PLUS federal taxes). If you are over 59.5 years old, they will withhold federal taxes. Depending on your state tax requirements, some also withhold state taxes. Now...the *only* way I could see you getting the funds "tax free" would be doing a "hardship withdrawal". Basically, you need to furnish documentation to the retirement plan administrator showing you have medical bills, mortgage payments, etc you can't pay (bill must show funds are past due). Then they allow a withdrawal for the amount you owe. But if you can prove you owe more than the total account balance, certain plans (depends on your employers rules in place with the retirement plan administrator) allow a 100% withdrawal. You would then owe the taxes and penalties when you file your annual return. But if you left the country first... ...I guess they'd put out something to stop any future government payments you're due (SS, etc), but other than that...worst they could do is have a judgment against you. Depends on your plan rules, though. Plus, you need documented evidence of not being able to pay medical bills, mortgage, or burial expenses. The types of hardship withdrawal permitted vary by your employer rules and it's just a handful of reasons. You could transfer the 401k to an IRA, but I believe in an IRA they collect taxes at the time of distribution. They've put really strong measures in place to make sure all are slaves of the man. |
|||||||
The Following User Says Thank You to Slo Yelo C5 For This Useful Post: |
05-27-2021, 9:58pm | #16 | |||||||
Barn Stall Owner #55
Island14 Cardio Team
Join Date: Jan 2011
Location: A sympathetic, well-meaning, elderly man with a poor memory
Posts: 14,889
Thanks: 3,787
Thanked 9,258 Times in 4,411 Posts
Gameroom Barn Bucks: $23236
|
Quote:
No hardship; just looking for an option to protect assets. I'm pretty much embarrassed at this point that I'm looking for offshore options. But I'm afraid after a lifetime of earning and saving, the country that I supported and served will F me over. Thanks for the comments. |
|||||||
05-27-2021, 10:02pm | #17 | |||||||
Vette Barn Crew
|
Quote:
I am looking at the same. Seriously. This country went from rewarding the hardest and smartest to punishing them in a decade. We've gone downhill more in a decade than the previous 60 years combined. Sad and pathetic. But I think what you're thinking of will be near impossible to pull off. They will do anything to keep those funds taxes. It's funny. When government owes you, it's near impossible to get your dues. When you owe them, they come after you with a sick, swift vengeance. |
|||||||
|
|
Support the Barn: |
Download the Mobile App; |
Follow us on Facebook: |
||