AKslapper

The $184k cap is ‘magical’ only for Social Security (FICA) taxes — it doesn’t reduce federal income tax liability at all. The earner still pays federal income tax on their entire salary, including every dollar above the cap. And because that extra income (like the $50k example) sits in the highest tax brackets, it’s taxed at the top marginal federal rate. So avoiding FICA on that portion doesn’t give much relief compared to the heavy income tax still owed on it.

@saylordocs It is not a tax, but a contribution…but yes, do agree that it should be on all earned…what are you doing about it?

Murray: Is it true that people making under $184,000 pay a 12.4% Social Security tax rate? Dahl: Yes Murray: And the rate for someone making $1,000,000? Dahl: 2.2% Murray: So, a 12.4% tax for people making less than $184,000, but 2.2% for a millionaire or .0002% for billionaires.

Why is that? Most people don’t fully get it unless they’re looking at the numbers — or until they’re broke and relying on benefits. Here’s how it works: Both the employee and the employer pay 6.2% in Social Security (FICA) taxes, but only on the first $184,500 of wages. On a $1 million salary, the employer saves about $50,600 in Social Security taxes (6.2% on the $815,500 above the cap). That’s real money for the company. For the employee, though, it doesn’t reduce their federal income taxes. They still pay income tax on the full $1 million salary which is at a higher rate than FICA.

@vc240350 @ingridadriana5 @laufelicciano We both are stating the obvious as fans looking at the race. But drivers only can do so much without straight away speed. . .

@Akslapper @ingridadriana5 @laufelicciano Nadie dice lo contrario, yo me refiero a que en esta carrera hubo errores de equipo (lo usual) y del piloto, pero es normal, eso no lo hace un mal piloto

Lo lograron. Finalmente lo rompieron. Finalmente ganaron. Destrozaron a alguien. Alguien que siempre estaba feliz que siempre estaba sonriendo.

@krassenstein WOW. . . I wish people would get back to reality and stop wanting to cause harm.

Crap. I didn’t think buying a Cybertruck would result in death threats. Calm down. I’m obsessed with AI and saving the environment. I still despise Trump and what Republicans are doing to this country.

People get upset about his success, but they miss the bigger picture. He accomplished something that 7 or 8 billion other people never have. He didn’t just have an idea — he understood the full business recipe required to bring it to life, and he possessed the relentless will to execute it. Ideas are cheap. Real accomplishment demands the willingness to sacrifice years of your life for it.

Do rich people pay taxes? > Yes. Do they pay their fair share? > More actually.

Money creates tax problems that most wage earners never fully appreciate. For employees, taxes are automatically withheld by their employer and sent to the IRS before they even see their paycheck. In contrast, those with significant wealth must actively manage and pay taxes on their income. Capital gains, in particular, are only taxed in the future — when they are realized.

I have paid over $10B in taxes in a single year, more than anyone in history. If I exercise and sell stock options, the combined federal and state income tax is ~45% (I still pay California taxes for every day I spend there). Then there is another 40% tax paid on my estate when I die. Overall, I will probably end up paying trillions in taxes.

@RealNorthEndGuy @mattvanswol @tracewoodgrains I’ll check that out.

@Akslapper @mattvanswol I agree with that @tracewoodgrains is a great follow if you care about stamping out anti-excellence policies like that.

When I was in school, a "B+" was a 92 and an "A-" was a 93-95. What was considered an A when you were in school?

Chicago could trade for the pick, but it would probably take two players and a couple of draft picks in return. A bunch of former Blackhawks who were traded away have been in the playoffs and even won Stanley Cups over the last two years. So they definitely have some desirable players.

@TheProspectDon I think San Jose and Chicago would be perfect trading partners , with the #2 for #4 and more draft capital. Sharks still get a top defenseman and the blackhawks get the Swedish winger.

Thinking about some fun trade ideas. What about the Sharks taking Ivar Stenberg #2 then exploring a trade with the Islanders around the #13 overall pick and William Eklund. Islanders pair William and Victor Eklund together Sharks get 13th overall and look at Ryan Lin, or Juho

@fl6060842 @AntiLeftMemes Crazy direction our European friends wanna take. Dreams and ideas are dangerous the restrictive governments.

@AntiLeftMemes Meth is a helluva drug.

This is a Switzerland National Council Member, Meret Schneider. She wants to ban X in Switzerland, saying it may be a "threat to democracy.” What are your thoughts?

@AntiLeftMemes Interesting points she makes about democracy. Talking about ideas and public policy will definitely undermine a government with freedom of the press or speech.

@BarackObama @MichelleObama @ObamaFoundation 95 dollars per ticket for the 90 minute Tour; 2 tickets left for August 2 at 10:30am. Interesting. . .

Michelle and I can’t wait for you to visit the Obama Presidential Center! Starting on June 19, the Center will be open to the public, and you’ll be able to check out the Museum along with public spaces like a new branch of the Chicago Public Library with a reading room, a two-acre playground, a fruit and vegetable garden, and more. Tickets available at tickets.obama.org.

I think schools are going to focus more on institutionalizing kids than actually instructing them. Ultimately, they just want kids who follow instructions to some degree — whether they actually comprehend it or not. They don’t seem to care about the quality of the student’s work or output. It’s the everyone gets a participation trophy model.

I do not understand how this can be real. School is supposed to assist parents in preparing their children to be productive, capable adults. In real life when I started my career I had to pass a timed test with 600 questions 95% was the minimum passing grade. School needs to prepare people for real life.

Lowering grading standards seems problematic and doesn’t address the issues. Kids need to be grouped and instructed at their actual capability levels. When you’ve got 10 kids who can’t read in the same classroom with 20 who can, it slows the teacher down for the whole group. This is just one example.

@mattvanswol The correct grading scale should depend on how difficult the course material is. 84 in quantum physics is a lot different from 84 in remedial English literature

@Maple_Leaf_Fan @MrFordy5 @NHL @spittinchiclets Very complicated to rig with the amount of money at play and the number of organizations involved.

@Akslapper @MrFordy5 @NHL @spittinchiclets The first 2 seconds of that clip clearly show the number 8 ball is on the outside of the tube. You're not too bright eh.

Anyone else notice that ball 8 (Winnipeg) was ahead of ball 12 in the tube before being magically passed?!? #rigged @NHL @spittinchiclets #NHLdraftlottery

@vc240350 @ingridadriana5 @laufelicciano Hamilton races for the team points because he knows the car can’t get him in first unless other drivers make mistakes. Charles races to win and takes more risks.

@Akslapper @ingridadriana5 @laufelicciano Justo, pero él no quita el error que cometió y que lo enojó. Y él lo dijo así tal cual

Okay, you can fly Ethiopian Airlines if you want. That’s a government-owned airline. But government-owned airlines generally don’t give consumers cheaper fares than commercial ones. So what’s the real advantage of having them? Safety records are about the same for passenger flights. The difference mainly shows up in cargo, where government-owned ones tend to crash more. I get the anti-capitalist view, but where else in the world can someone immigrate to and become a millionaire through hard work? I know a few who started with almost nothing and zero education. Every country has problems, and every form of government has its elite class.

@Akslapper @HustleBitch_ Just wait, all airlines will be held by private equity like everything else

🚨 HE JOKED ON TIKTOK ABOUT BUYING SPIRIT AIRLINES… HOURS LATER $132,000,000 FLOODED IN — NOW HE COULD BE CEO Spirit Airlines didn’t just struggle… it collapsed. One of America’s biggest low-cost carriers wiped out. That’s when this guy stepped in. The same guy who went viral for flying Spirit Airlines for 24 hours straight on YouTube. He posted a simple idea on social media: “What if we all just… buy it?” His logic? There are 250M+ adults in the U.S. If even a fraction chipped in the cost of a Spirit ticket ($30–$40)… you could raise billions. Then it exploded. • Millions of views within hours • Website launched in under an hour • Traffic crashes it instantly • Media starts calling (WSJ, CBS, Fox) • Developers, lawyers, PR scrambling to join A few hours later? $132,000,000 in pledges. (No money collected, just people saying they’re in) Now he’s pitching something even bigger: • One person = one vote (not based on money) • No private equity control • Airline “owned by the people” • Him… stepping in as CEO He admits he’s figuring it out in real time. It started as a joke but turned into a movement overnight. People aren’t laughing anymore… they’re signing up. Would you trust a random guy from TikTok to run this airline… or stick with the people who ran it into the ground? 📹: TikTok/hbpvo

@Jesus_TheWay01 @HustleBitch_ This failure with spirit airlines is quite the opposite; Congress stopped a merger.

@Akslapper @HustleBitch_ The corpatocracy MUST END

@backndfendi I would go there even with a hall pass.

A-LIST ACTRESS Sydney Sweeney went LIVE to tell her FANS that she had a ONE NIGHT STAND with RAPPER NBA YoungBoy while she was in Utah for Business, says it’s not gonna RUIN the RELATIONSHIP she has with her BOYFRIEND Scooter Braun and that he was ok with it 👀😳 “I was having fun, I always wanted to see what the hype was with Youngboy… He is so strong and cool and gangster ouuu”

@Jesus_TheWay01 @HustleBitch_ Welcome to the New World of Costco, Netflix, Microsoft and about everything else.

@Akslapper @HustleBitch_ What? Nobody wants another SUBSCRIPTION EVER AGAIN