So much for trump's fantasies about Canada....

“We didn’t ask for this fight, but Canadians are always ready when someone else drops the gloves. So, Americans should make no mistake. … In trade, as in hockey, Canada will win,” Carney said.

https://www.usatoday.com/story...zMgEaJzIzU_CoDquzu8w

He was being polite.

He should have said “only the most stupid, ungrateful, coward of a neighbor would suggest this! Well, I suppose one does expect this sort of thing from an individual known as CADET BONE SPURS!”

I suspect that Canada is largely self-sufficient and can get what they don't already have with a little shipping money. Now that some northern shipping lanes are warming up, it will cost less to ship stuff anyway.

Mohawk smugglers will be happy with Trump and I idly wonder about Crows, Blackfeet, and Maine lobster boats...

https://www.msn.com/en-us/mone...c85444234f5f68&ei=16

Furious Trump declares state of emergency and doubles tariffs on Canada in ballistic 338-word rant
Story by Charlie Jones • 1h • 4 min read

The US stock market promptly fell following the social media post.

Trump also vowed further tariffs on Canada on April 2.

He also said he will declare a 'National Emergency on Electricity' in the areas affected by Canadian electricity tariffs.

======================================

Why not April 1st?

Is he worried that day, henceforth, may become known as Trump's Day?

Also, declaring a National Emergency is something we WILL see again, strategically and caused by Trump.

======================================

https://www.msn.com/en-us/mone...8ab4745c9ec3cd&ei=27

Trump orders an increase in tariffs on Canadian steel and aluminum to 50 percent
Story by David J. Lynch • 1h • 1 min read

So, Trump single handedly helped the Liberal get over in Canada.

quote:

Originally posted by LHeym500:
So, Trump single handedly helped the Liberal get over in Canada.

He sure did, and with a Federal election looming here in less than two months, I’m pretty certain Canadians will vote as far opposite to Trump as they can. Until Trump flapped his corpulent yap, we had a chance of getting rid of the Liberals. Not now!

Why wouldn’t they vote opposite to him? He’s said publicly that he intends to cripple us economically so he can take us over. Well, fuck him. Putin thought taking Ukraine would be easy, has Trump learned nothing from that?

And fake conservatives will not recognize this.

just for you, maggy
https://youtu.be/HPd4AqkCzbw?t=775

quote:

Originally posted by LHeym500:
So, Trump single handedly helped the Liberal get over in Canada.

shamefully yes ,,,

Canuckistanians are such badasses!!!!!

They sip their tea without a raised pinky!

Because people may view Trump as a conservative (incorrectly, I might add), it will hurt the Conservatives in the election. His tariffs may cause some difficulties, but his interference in the Canadian electoral process is the real insult. He likely wants Mark Carney. Carney is a banker. Trump loves bankers. Carney doesn't mind debt; Trump has made a living with debt. Bill

quote:

Originally posted by Bill Leeper:
Because people may view Trump as a conservative (incorrectly, I might add), it will hurt the Conservatives in the election. His tariffs may cause some difficulties, but his interference in the Canadian electoral process is the real insult. He likely wants Mark Carney. Carney is a banker. Trump loves bankers. Carney doesn't mind debt; Trump has made a living with debt. Bill

A damned fine living I might add. Not my style but President Trump has done much better than I have......

quote:

Originally posted by JTEX:

quote:

Originally posted by Bill Leeper:
Because people may view Trump as a conservative (incorrectly, I might add), it will hurt the Conservatives in the election. His tariffs may cause some difficulties, but his interference in the Canadian electoral process is the real insult. He likely wants Mark Carney. Carney is a banker. Trump loves bankers. Carney doesn't mind debt; Trump has made a living with debt. Bill

A damned fine living I might add. Not my style but President Trump has done much better than I have......

you do not need us that much that your dear president wants to take oover our country ... never forget next time you fuel up your mexican vehicle ....

Hey, Canadians, at least Trump wants Canada. Look at poor Mexico--he's not talking about annexing that country.

It doesn't make you feel better to know you're wanted?

quote:

Originally posted by medved:

quote:

Originally posted by JTEX:

quote:

Originally posted by Bill Leeper:
Because people may view Trump as a conservative (incorrectly, I might add), it will hurt the Conservatives in the election. His tariffs may cause some difficulties, but his interference in the Canadian electoral process is the real insult. He likely wants Mark Carney. Carney is a banker. Trump loves bankers. Carney doesn't mind debt; Trump has made a living with debt. Bill

A damned fine living I might add. Not my style but President Trump has done much better than I have......

you do not need us that much that your dear president wants to take oover our country ... never forget next time you fuel up your mexican vehicle ....

Losing 10s of thousands of dollars on folks 40-k is not fine living. Destroying our economic and strategic alliances are not fine living.

quote:

Originally posted by LHeym500:

quote:

Originally posted by medved:

quote:

Originally posted by JTEX:

quote:

Originally posted by Bill Leeper:
Because people may view Trump as a conservative (incorrectly, I might add), it will hurt the Conservatives in the election. His tariffs may cause some difficulties, but his interference in the Canadian electoral process is the real insult. He likely wants Mark Carney. Carney is a banker. Trump loves bankers. Carney doesn't mind debt; Trump has made a living with debt. Bill

A damned fine living I might add. Not my style but President Trump has done much better than I have......

you do not need us that much that your dear president wants to take oover our country ... never forget next time you fuel up your mexican vehicle ....

Losing 10s of thousands of dollars on folks 40-k is not fine living. Destroying our economic and strategic alliances are not fine living.

the tariff war is dumb - should never have happened -

now, LHeym -- NOW you are saying damaging peoples unrealized gains in a 401k is BAD, but 4 months ago you were in SUPPORT of taxing them at over 30% EVERY YEAR ...

the answer is, both are terrible

If you cannot see the distinctions between the two, I am not going to waste time explaining it.

One is a legitimate action of the federal government to raise revenue across the board. The other creates nothing and is the legally dubious action of a Chief Executive.

And I have said I would exempt a level of value somewhere around 5 million dollars in accessed value.

There is a difference in tax and artificially whipping out value by executive order.

both destroy retirements - and ONE is currently illegal

the effect is the same -- however, ONE is transitory

quote:

Originally posted by RolandtheHeadless:
Hey, Canadians, at least Trump wants Canada. Look at poor Mexico--he's not talking about annexing that country.

It doesn't make you feel better to know you're wanted?

What? By a serial sex offender, pathological liar and indicted felon who steals from his own charity to the point where he’s no longer allowed one?

Yeah, we’ll pass, thanks. In fact, we’ll pass with extreme prejudice if it comes to that.

quote:

Originally posted by jeffeosso:
both destroy retirements - and ONE is currently illegal

the effect is the same -- however, ONE is transitory

One round not destroy retirements, but you keep preaching the dogma. One has for sure.

I hope no one needs to build a house or do office.

https://apple.news/AUgvkf7TKTgyYcaIxYT8kKA

quote:

Originally posted by LHeym500:

quote:

Originally posted by jeffeosso:
both destroy retirements - and ONE is currently illegal

the effect is the same -- however, ONE is transitory

One round not destroy retirements, but you keep preaching the dogma. One has for sure.

The tax plan was perpetual, as i recall, but open to being corrected

Actually, Canada has just shown true character!

Instead of upping the electricity prices, they added tariffs on other items.

Really shows true class.

Versus a true MAGA ARSEHOLE!

Childish, ignorant, selfish to extremes!

quote:

Originally posted by jeffeosso:

quote:

Originally posted by LHeym500:

quote:

Originally posted by jeffeosso:
both destroy retirements - and ONE is currently illegal

the effect is the same -- however, ONE is transitory

One round not destroy retirements, but you keep preaching the dogma. One has for sure.

The tax plan was perpetual, as i recall, but open to being corrected

Oh it is.

Saying it destroys retirement is like saying traces destroy my pay check or land values. It could, has not yet.

Excepting the frost 5 mill will not destroy retirements.

quote:

Originally posted by Saeed:
Actually, Canada has just shown true character!

Instead of upping the electricity prices, they added tariffs on other items.

Really shows true class.

Versus a true MAGA ARSEHOLE!

Childish, ignorant, selfish to extremes!

who believed the actual ones in charge will have done one little thing ...

quote:

Originally posted by LHeym500:

quote:

Originally posted by jeffeosso:

quote:

Originally posted by LHeym500:

quote:

Originally posted by jeffeosso:
both destroy retirements - and ONE is currently illegal

the effect is the same -- however, ONE is transitory

One round not destroy retirements, but you keep preaching the dogma. One has for sure.

The tax plan was perpetual, as i recall, but open to being corrected

Oh it is.

Saying it destroys retirement is like saying traces destroy my pay check or land values. It could, has not yet.

Excepting the frost 5 mill will not destroy retirements.

30% hit every year... I can't absorb that

30 percent on value over 5 mill is not absurd. It is every class contributing to the operation of government.

You know what they failed to do in the prelude to the French and Russian Revolutions.

Oh, and Trump is talking more tariffs since EU and Canada said, “ All right big man.”

It is more than dumb.

I hope no one needs to build a house or office in the near future.

The markets will return when Trumpism is broken.

I watched Fox News for an hour yesterday. The entire hour was anti-trans and gay propaganda. There was no coverage of the economy, jobs, actions taken by the Administration, nor international politics. This is because the far right knows that the only way they can prevent a popular, uprising at the polls is to hide the affects of their advocacy in the Gay Scare.

so, 30% on UNREALIZED gains, THEN tax when taking it out, repeating --

take $1000 dollars, invested at 5% return PER YEAR, then the government TAKES 30% of the TOTAL value, that's -25%, THEN pay close to 30% when you WANT or are FORCED to do withdrawl?

Dude, don't believe me -- call ANY JD Edwards advisor and ask them what they think ...

i know, you are going to play the "it's 30% of the gain and only for $5m..." game --

NOW, mister government employee, are you aware that the IRS was only supposed to be like 1.5% on the absolute last 1% of earners?

Does the government EVER back off on expanding rules/authority/sources of income?

your stimulation that "30% off 5$5million is not absurd" is absurd - ANYONE/Family making 100K can make 5m before retirement with VERY limited advice, can make $5M in their 401k -- because the @#%@#%@#% Deal was you pay taxes on the way OUT --

so, under current law, if I have $5m in unrealized (it's NOT INCOME, sir -- )gains, and suddenly the commies want 30%, which means the sale of assets ALSO costs 30% tax ...

I already pay FAR FAR FAR more in taxes than the median income - I invested fairly in the game, and THEN they want to change the rules, and double tax me --

you don't have a 401k do you?

quote:

Originally posted by LHeym500:
30 percent on value over 5 mill is not absurd. It is every class contributing to the operation of government.

You know what they failed to do in the prelude to the French and Russian Revolutions.

Oh, and Trump is talking more tariffs since EU and Canada said, “ All right big man.”

It is more than dumb.

I hope no one needs to build a house or office in the near future.

The markets will return when Trumpism is broken.

I watched Fox News for an hour yesterday. The entire hour was anti-trans and gay propaganda. There was no coverage of the economy, jobs, actions taken by the Administration, nor international politics. This is because the far right knows that the only way they can prevent a popular, uprising at the polls is to hide the affects of their advocacy in the Gay Scare.

I don't have a 401(k). I have a SEP, traditional IRA, and a Roth. For all but the Roth, the IRS annually tells me I have to take so much out as taxable income. It's not an insignificant amount.

Why should I pay tax on what's still in the accounts when the government taxes me on the amounts I have to withdraw?

Your proposal is a non-starter as far as I'm concerned. Once Congress gets used to the idea, the amount of your deduction will go down from $5 million as they try to grab more.

As for Fox News, you know you can't get that hour of your life back, right?

Not do I, but the hue and cry from my colleges with them us not something one cannot ignore. They sure ain’t.

I personally do not care that one thinks an idea is a non-starter. We tax accesses value all the time. My real waste is not worth less for it.

Everyone quotes, “The power to tax is the power to to destroy.” No one reads the next paragraphs where Chief Justice Marshall declares the pier to tax rest w Congress, by dnd through the people.

Like the prelude to the French and Russian revolutions large class are not paying while other sector of the people pay. One cannot tax folks with no wealth and fund anything.

It is wealth and should be treated like income. Just like other income we can discuss at what level we tax vs exempt. The current tax of “income” is outdated, not sustainable, and not working.

You will own nothing and you will be happy

quote:

Originally posted by LHeym500:
Not do I, but the hue and cry from my colleges with them us not something one cannot ignore. They sure ain’t.

Let me give it to you in a nutshell
The 401k is meant to be used as a pre-tax savings account for retirement, where you put in PRE-TAX $ (% and $ limited) funds into an account, SOMETIMES there is an employer matching (usually in some complicated % issue) that goes into, basically (this isn't complete, its a sketch) goes into a fidelity (type) account, where the plan has a range of investment funds available. THe deal is that you are taxed, as income, for withdraws PAST retirement age - however, if you take it out early, you are penalized with a MUCH higher tax % - I have heard numbers approaching 70-80% of all common stock is owned by the funds and there, by fractional ownership - the individuals - There is already an agreed to tax rate in place, that treats it exactly like income on the way out

quote:

Originally posted by LHeym500:


I personally do not care that one thinks an idea is a non-starter. We tax accesses value all the time. My real waste is not worth less for it.

sigh -- RE taxes are state and local taxes (sometimes even metro) - you RE isn't worth less for it, you are correct, however, your wealth is diminished-- it's a fact, you are giving wealth out to pay the state and local taxes - not federal, irrelevant

quote:

Originally posted by LHeym500:



Everyone quotes, “The power to tax is the power to to destroy.” No one reads the next paragraphs where Chief Justice Marshall declares the pier to tax rest w Congress, by dnd through the people.

typos (this is meant in humor) but it's way too early to drink

quote:

Originally posted by LHeym500:

Like the prelude to the French and Russian revolutions large class are not paying while other sector of the people pay. One cannot tax folks with no wealth and fund anything.

On this one, you are ABSOLUTELY correct - With the tale of the golden goose as the repost

But, Hey - here's some interesting data from the tax foundation.org https://taxfoundation.org/data...ncome-tax-data-2024/

quote:

Originally posted by LHeym500:

It is wealth and should be treated like income. Just like other income we can discuss at what level we tax vs exempt. The current tax of “income” is outdated, not sustainable, and not working.

"Wealth" is not limited to income - in fact, MOST wealthy families and persons do NOT rely on a personal income - they rely on invests THAT ARE ALREADY TAXED TO THE HEAVENS AT SALE!

The 16th A only allows for INCOME -

GAAP sigh -- i suggest you send 15 minutes looking up definitions of a few terms from GAAP -
Revenue
Income
Gain
Loss
Unrealized Gain