PleaseBlitz Posted January 13 Share Posted January 13 https://www.marke****ch.com/amp/story/irs-has-already-collected-more-than-500-million-in-back-taxes-from-delinquent-millionaires-b70fe240 Turns out funding the IRS makes the government money. Millionaires who were behind on their taxes have already paid a half-billion dollars to get current with the IRS as the agency ratchets up high-level tax compliance. On Friday, the IRS unveiled new numbers on the amount of back taxes paid by millionaire households ever since a 2022 upgrade brought tougher IRS enforcement on businesses and superwealthy tax delinquents and dodgers. IRS officials said they’ve pulled in a further $360 million from millionaire households with at least $250,000 in tax debts. That follows an October IRS announcement that $160 million in delinquent taxes had been raked back from wealthy households. 5 3 Link to comment Share on other sites More sharing options...
dfitzo53 Posted January 13 Share Posted January 13 It's almost like the conservative talking points are bought and paid for by the rich at the expense of the Fox News rubes. Nah, that couldn't be it... 1 1 1 Link to comment Share on other sites More sharing options...
Cooked Crack Posted January 18 Share Posted January 18 1 4 Link to comment Share on other sites More sharing options...
Larry Posted January 18 Share Posted January 18 People use checks? 2 1 Link to comment Share on other sites More sharing options...
China Posted January 18 Share Posted January 18 2 minutes ago, Larry said: People use checks? You can have an overdraft without writing a check. An electronic withdrawal that overdraws the account 1 Link to comment Share on other sites More sharing options...
88Comrade2000 Posted January 18 Share Posted January 18 32 minutes ago, China said: You can have an overdraft without writing a check. An electronic withdrawal that overdraws the account I get email or text when I do that and put money in asap, to avoid any fees. Link to comment Share on other sites More sharing options...
NoCalMike Posted January 18 Share Posted January 18 Overdraft fees were such BS to begin with, especially in a world that is so digital now. If you have multiple accounts, the idea of being charged $35 or more simply for an electronic transfer of funds is outrageous. I am glad Biden did this, however I wonder if Banks will eventually work on a way to re-word the fees somehow so that they aren't technically "over-draft fees" anymore. Who knows. 2 Link to comment Share on other sites More sharing options...
Cooked Crack Posted January 19 Share Posted January 19 Another Biden scandal 1 1 2 Link to comment Share on other sites More sharing options...
skinsmarydu Posted January 19 Share Posted January 19 At what looks to be a Checkers,where folks make minimum wage and are probably willing to give their opinion on the state of things. Real man out with the real people. 2 Link to comment Share on other sites More sharing options...
Captain Wiggles Posted January 19 Share Posted January 19 1 Link to comment Share on other sites More sharing options...
Barry.Randolphe Posted January 19 Share Posted January 19 He's at Cookout....good choice for a milkshake 1 1 3 Link to comment Share on other sites More sharing options...
Captain Wiggles Posted January 19 Share Posted January 19 3 hours ago, Barry.Randolphe said: He's at Cookout....good choice for a milkshake And not one of the ones with a boujee dining room. 🧐 Two drive thrus n a walk up window n the nitwits round here still can't figure out how it works. 🤣 2 1 Link to comment Share on other sites More sharing options...
Mr.Sacksn'Stuff Posted January 19 Share Posted January 19 (edited) 2 hours ago, Captain Wiggles said: And not one of the ones with a boujee dining room. 🧐 Two drive thrus n a walk up window n the nitwits round here still can't figure out how it works. 🤣 We have one Cookout here in Greensboro, that has burned at least twice in the last several years and it's been rebuilt both times. It's 2 drive through and walkup situation is deadly. The site is just slightly larger than a postage stamp. I suspect it's been grandfathered in at that site. Cookout rules! Biden chose wisely. Edited January 19 by Mr.Sacksn'Stuff 1 Link to comment Share on other sites More sharing options...
JCB Posted January 19 Share Posted January 19 Brandon loves him some Cookout. Stopped at the one just up the street from me in Durham a few years ago. Dank shakes! 1 2 Link to comment Share on other sites More sharing options...
skinsmarydu Posted January 19 Share Posted January 19 I love their hushpuppies. And Cheerwine floats. (I have one about 6 miles away with a dining room. ) 2 2 Link to comment Share on other sites More sharing options...
ixcuincle Posted January 21 Share Posted January 21 Gretchen Whitmer says it "would be good" if Biden was more vocal on abortion https://www.cbsnews.com/news/gretchen-whitmer-wants-biden-more-vocal-on-abortion/ Link to comment Share on other sites More sharing options...
dfitzo53 Posted January 21 Share Posted January 21 I'm pretty sure she means that in a "here's some feedback to turn your B+ paper into an A" way, not in an "I agree with ix that Biden is a failure" way. 1 1 Link to comment Share on other sites More sharing options...
EmirOfShmo Posted January 23 Share Posted January 23 Smack down...Thanks, Joe! 1 Link to comment Share on other sites More sharing options...
Chew Posted January 23 Share Posted January 23 2 Link to comment Share on other sites More sharing options...
PleaseBlitz Posted January 24 Share Posted January 24 The Biden Administration is in the process of cutting overdraft fees (which make banks billions of dollars per year and predominantly harm the most financially vulnerable Americans). These fees are usually about $35 and, because once a person is overdrafted, multiple transactions may hit the acccount, they are often happen in bunches. A summary of the proposed rule that would mandate the fees be lowered to around $3 is here: https://www.consumerfinance.gov/about-us/newsroom/cfpb-proposes-rule-to-close-bank-overdraft-loophole-that-costs-americans-billions-each-year-in-junk-fees/ Quote The Consumer Financial Protection Bureau (CFPB) today proposed a rule to rein in excessive overdraft fees charged by the nation’s biggest financial institutions. The proposal would close an outdated loophole that exempts overdraft lending services from longstanding provisions of the Truth in Lending Act and other consumer financial protection laws. For decades, very large financial institutions have been able to issue highly profitable overdraft loans, which have garnered them billions of dollars in revenue annually. Under the proposal, large banks would be free to extend overdraft loans if they complied with longstanding lending laws, including disclosing any applicable interest rate. Alternatively, banks could charge a fee to recoup their costs at an established benchmark – as low as $3, or at a cost they calculate, if they show their cost data. "Decades ago, overdraft loans got special treatment to make it easier for banks to cover paper checks that were often sent through the mail," said CFPB Director Rohit Chopra. "Today, we are proposing rules to close a longstanding loophole that allowed many large banks to transform overdraft into a massive junk fee harvesting machine." The proposed rule would apply to insured financial institutions with more than $10 billion in assets, which covers approximately the 175 largest depository institutions in the country. These institutions typically charge $35 for an overdraft loan, even though the majority of consumers’ debit card overdrafts are for less than $26, and are repaid within three days. Approximately 23 million households pay overdraft fees in any given year. The CFPB estimates that this rule may save consumers $3.5 billion or more in fees per year. The potential savings would translate to $150 for households that pay overdraft fees. (More at link). Of course, "conservatives" are apoplectic that bank profits may suffer. One of the WaPo's conservative columnists wrote a piece today where she is literally like "sure it sounds good, but POSSIBLY MAYBE it could also harm poor people" and she still can't even get there. The piece is here, and I advise you read it and then the comments where she is appropriately crushed. https://www.washingtonpost.com/opinions/2024/01/24/cap-overdraft-fees-hurt-poor-families/ Quote Say what you want about the Consumer Financial Protection Bureau’s proposal to limit overdraft fees, it’s political gold. “When companies sneak hidden junk fees into families’ bills, it can take hundreds of dollars a month out of their pockets,” President Biden said in a statement last week. “That might not matter to the wealthy, but it’s real money to hardworking families — and it’s just plain wrong.” Most Americans agree; data from Pew Charitable Trusts released in June shows that 84 percent of people surveyed told pollsters that the government should do something to bring down overdraft fees, and 54 percent wanted the government to take action on other bank fees as well. Unfortunately, good politics don’t necessarily make good policy. And I’m worried this move might end up hurting some of the very people it’s supposed to help: low-income Americans on the fringes of the banking system. ... Well, as with any nice-sounding policy, it’s important to consider the alternatives, both for the customer and for the banker. For depositors, overdraft fees can be an expensive alternative to even worse options, such as payday loans or having their electricity shut off (and paying a reconnection fee to turn it back on). And “the best of bad alternatives” can also be sort of true for bankers, who must find some way to defray the cost of providing what is basically an unsecured loan to people who are, as we’ve seen, often financially struggling and might be unable to repay the money. The fees also help pay for “free” checking (which costs banks quite a bit of money to provide). So, if you follow her argument, it is that by NOT CHARGING a consumer high overdraft fees, and instead charging them $3 overdraft fees, they will have to get a payday loan or have their electricity shut off. But then of course she frets about the bankers. 1 1 Link to comment Share on other sites More sharing options...
China Posted January 28 Share Posted January 28 Biden administration tells Congress it intends to sell Turkey F-16s after Erdogan approved Sweden’s NATO membership The Biden administration told Congress it intends to sell F-16 fighter jets to Turkey after President Recep Tayyip Erdogan signed off on Sweden’s accession to NATO on Thursday – a development that caps off more than a year of quiet, complicated negotiations. The State Department sent the formal notification about the proposed $23 billion sale to Congress on Friday after Turkey’s instruments of ratification were formally deposited at the department. The State Department also sent Congress a formal notification of its intent to sell $8.6 billion worth of F-35s to Greece. Congress is expected to approve both sales. Secretary of State Antony Blinken was extensively engaged for months with Turkish officials and US lawmakers to reach the deal to stop Erdogan’s obstruction of Sweden’s NATO bid that would see Turkey receive the fighter jets – one of its top requests of the US. When Sweden, along with Finland, first applied to join the defensive alliance in May 2022, Turkey sought to pull the US directly into the negotiations – a move the US rebuffed, according to a US official. However, the administration was cognizant the US had a key point of leverage – the F-16s – if that became necessary. Once Turkey approved Finland’s accession in March 2023, Blinken worked intensely behind the scenes to try to get Sweden’s approval done by last summer’s NATO summit in Vilnius, Lithuania. During a trip to Turkey in February 2023, Blinken met with Erdogan, who stressed the need for the US to give Turkey the F-16s before he would approve Sweden’s membership into the alliance. Blinken, in turn, told the Turkish president multiple times that members of Congress would not approve the sale of jets until Turkey allowed Sweden to join NATO. Click on the link for the full article 1 Link to comment Share on other sites More sharing options...
Cooked Crack Posted January 31 Share Posted January 31 3 1 Link to comment Share on other sites More sharing options...
Captain Wiggles Posted January 31 Share Posted January 31 We still move all the nuclear waste out to Yucca mountain? Thought that blue ribbon committee Obama appointed came up empty on suggestions for other ways to store it. 🤔 1 Link to comment Share on other sites More sharing options...
China Posted February 2 Share Posted February 2 Connecticut to become 1st state to cancel medical debt for eligible residents: Exclusive Connecticut will become the first state to cancel medical debt for eligible residents, Gov. Ned Lamont announced exclusively Friday on "Good Morning America." The state plans to erase approximately $1 billion in medical debt this year by leveraging $6.5 million in American Rescue Plan Act funds, it said. "This is not something they did because they were spending too much money, this is something because they got hit with a medical emergency," Lamont told "GMA." "They should not have to suffer twice -- first with the illness, then with the debt." Click on the link for the full article 2 1 Link to comment Share on other sites More sharing options...
China Posted February 5 Share Posted February 5 Biden officials advance plan to blow up Trump’s rules on sexual misconduct in schools A long-awaited policy that mandates how schools respond to sexual misconduct and codifies protections for transgender students is being reviewed by the White House for final approval. The Education Department, which has been under pressure from Democrats and civil rights groups to finish its final Title IX rule, sent the regulation to the Office of Management and Budget on Friday, according to its website — a key procedural step before it can be made public. The highly anticipated regulation is expected to unravel much of former Education Secretary Betsy DeVos’ Title IX rule, a defining aspect of her tenure. Her rule, which took effect in August 2020, narrowed the definition of sexual harassment and directed schools to conduct live hearings with cross-examination for sexual misconduct investigations. “The Biden-Harris Administration is committed to ensuring all students are guaranteed an educational environment free from discrimination on the basis of sex,” an Education Department spokesperson said in a statement. “The Department of Education has taken the next step to advance a rule, first proposed in 2022, that strengthens protections for students from sexual harassment and for LGBTQI+ students.” Click on the link for the full article Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now