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Oct 27 2020 03:25pm
Quote (excellence @ Oct 27 2020 05:14pm)
which is bizarre. so many busybody female and male karens panicking in the suburbs. no matter who wins, I think these groups should have to pay for the tax rates they are endorsing in their vote. so the fearful rebellious suburbs should pay 50-60%+ effective tax rates (just federal too, state and fica are additional.)


you act as if america didnt survive higher marginal tax rates before......
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Oct 27 2020 03:28pm
Quote (Budgeting @ 27 Oct 2020 17:25)
you act as if america didnt survive higher marginal tax rates before......



correct, so there should be no issue with people who want significantly higher tax rates paying the higher amounts in their income taxes

they can do it now even, there’s a line on the W4 where you can pay additional amounts of tax, it’s pretty simple to do. law doesn’t have to change for them to pay the tax rate they are voting for

Step 4 line (c)



after 3 years without filing for a return for any “overpayment” in withholding the IRS keeps it permanently

This post was edited by excellence on Oct 27 2020 03:30pm
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Oct 27 2020 03:35pm
Quote (Black XistenZ @ Oct 27 2020 02:10pm)
The last time there was a runoff in a Georgia senate election, the margin went from R+3 in the regular election to R+14.8 in the runoff:
https://en.wikipedia.org/wiki/2008_United_States_Senate_election_in_Georgia

Sure, you can argue that Obama being on the ballot supercharged the black vote in the general election, and that this effect was missing in the runoff - but then again, the same can be said about Trump. When he is no longer on the ballot in a potential runoff, there simply is less reason for the suburbs to be in all-out rebellion.


Neither GOP candidate has won a statewide election though...that's kind of important b/c you lose the incumbency advantage. I'm not saying you're wrong, your prediction is within the realm of reasonable possibilities.
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Oct 27 2020 03:37pm
Quote (Black XistenZ @ Oct 27 2020 04:56pm)
States which can be called early include Florida, North Carolina and Georgia.

The modal outcome for election night is that Florida can be called for Biden based on a ~2% margin or so, which would more or less spell doom for Trump and leave him with something like a 1% chance to win. (Conditional on losing Florida, he'd be a heavy underdog in NC, AZ and GA - but he'd need to hold all of them plus sweep all of WI/MI/PA.)


Losing florida would end it super early.
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Oct 27 2020 03:42pm
Quote (excellence @ Oct 27 2020 05:28pm)
correct, so there should be no issue with people who want significantly higher tax rates paying the higher amounts in their income taxes

they can do it now even, there’s a line on the W4 where you can pay additional amounts of tax, it’s pretty simple to do. law doesn’t have to change for them to pay the tax rate they are voting for

Step 4 line (c)

https://www.investopedia.com/thmb/ThTuHnUfYhNbhXMC9lp4cWG02OY=/1092x849/filters:no_upscale():max_bytes(150000):strip_icc()/Form-w4-a3514b86fc7147d2abaec5bd575f11b4.jpg

after 3 years without filing for a return for any “overpayment” in withholding the IRS keeps it permanently



i guess you dont understand how marginal tax rates work.
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Oct 27 2020 03:50pm
Quote (Budgeting @ 27 Oct 2020 17:42)
i guess you dont understand how marginal tax rates work.

you definitely don’t understand taxes at all, and that people can pay the higher tax rates they are voting for without the laws being changed

try harder next time rando lmfao, pathetic..
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Oct 27 2020 04:18pm
Quote (thundercock @ 27 Oct 2020 23:35)
Neither GOP candidate has won a statewide election though...that's kind of important b/c you lose the incumbency advantage. I'm not saying you're wrong, your prediction is within the realm of reasonable possibilities.


I agree with you that Loeffler is insufferable, but Osoff isnt much better. The guy is just 33 years old and already a swamp demon.
Anyway, candidate skills or incumbency matter less than turnout in such an oddly timed runoff - and historical evidence suggests that turnout drops off harder on the D side.
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Oct 27 2020 04:28pm
Quote (Black XistenZ @ Oct 27 2020 03:18pm)
I agree with you that Loeffler is insufferable, but Osoff isnt much better. The guy is just 33 years old and already a swamp demon.
Anyway, candidate skills or incumbency matter less than turnout in such an oddly timed runoff - and historical evidence suggests that turnout drops off harder on the D side.


Ossoff isn't running against them (his is in November against Perdue). Warnock, who is the head pastor at MLK's church, is running against Loeffler/Collins (whoever ends up getting more votes). These are very different races.

This post was edited by thundercock on Oct 27 2020 04:29pm
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Oct 27 2020 04:34pm
Quote (excellence @ Oct 27 2020 05:50pm)
you definitely don’t understand taxes at all, and that people can pay the higher tax rates they are voting for without the laws being changed

try harder next time rando lmfao, pathetic..


dude, you odnt even understand american history lmao. the top earners had marginal tax rate of 70% + and america still grew.

guy claims to be a conservative and advocate for lower taxes. meanwhile he is all for deficit and national debt explosion instead of tax increases lmfao. man, you are truly worthless

This post was edited by Budgeting on Oct 27 2020 04:34pm
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Oct 27 2020 04:35pm
Quote (Budgeting @ Oct 27 2020 05:25pm)
you act as if america didnt survive higher marginal tax rates before......


This argument ignores the fact that deductions were higher back then in the 60's. The actual rate was about the same.
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