Brackets Capitalization Quotes

The [carried-interest] loophole was in essence an accounting trick that enabled hedge fund and private equity managers to categorize huge portions of their income as ‘interest,’ which was taxed at the 15 percent rate then applied to long-term capital gains. This was less than half the income tax rate paid by other top-bracket wage earners. Critics called the loophole a gigantic subsidy to millionaires and billionaires at the expense of ordinary taxpayers. The Economic Policy Institute, a progressive think tank, estimated that the hedge fund loophole cost the government over $6 billion a year—the cost of providing health care to three million children. Of that total, it said, almost $2 billion a year from the tax break went to just twenty-five individuals.

If the stock market continues to advance, we know that inequality will increase, for capital gains on equities accrue disproportionately to the top income brackets.

Beyond the family or particular Christian tradition, how much effort do we make to consider what the Mennonites or the Episcopalians, the Baptists or the Pentecostals, the Methodists or the Presbyterians have to say to the rest of us out of their DIFFERENCES, as well as out of the affirmation in common with other Christians? As I suggested earlier, our patterns of ecumenicity tend to bracket out our differences rather than to celebrate and capitalize upon them. Finding common ground has been the necessary first step in ecumenical relations and activity. But the next step is to acknowledge and enjoy what God has done elsewhere in the Body of Christ. And if at the congregational level we are willing to say, 'I can't do everything myself, for I am an ear: I must consult with a hand or an eye on this matter,' I suggest that we do the same among whole traditions. If we do not regularly and programmatically consult with each other, we are tacitly claiming that we have no need of each other, and that all the truth, beauty, and goodness we need has been vouchsafed to us by God already. Not only is such an attitude problematic in terms of our flourishing, as I have asserted, but in this context now we must recognize how useless a picture this presents to the rest of society. Baptists, Presbyterians, and Roman Catholics failing to celebrate diversity provide no positive examples to societies trying to understand how to celebrate diversity on larger scales.

some cryptoassets are commodities, this could open them up to different tax treatment than if they were considered solely as property. Commodities fall under the 60/40 tax ruling, meaning 60 percent of the gains on a commodity transaction are treated as long-term capital gains and 40 percent are treated as short-term capital gains. This is different from taxing stocks where profitably selling an equity after 12 months is classified as a long-term capital gain with a current tax rate cap of 15 percent. Selling prior to 12 months would be considered a short-term gain with the tax ramification based on an investor’s income bracket.

Net wages: “It’s not what you make, but what you net” after paying the FIRE sector, basic utilities and taxes. The usual measure of disposable personal income (DPI) refers to how much employees take home after income-tax withholding (designed in part by Milton Friedman during World War II) and over 15% for FICA (Federal Insurance Contributions Act) to produce a budget surplus for Social Security and health care (half of which are paid by the employer). This forced saving is lent to the U.S. Treasury, enabling it to cut taxes on the higher income brackets. Also deducted from paychecks may be employee withholding for private health insurance and pensions. What is left is by no means freely available for discretionary spending. Wage earners have to pay a monthly financial and real estate “nut” off the top, headed by mortgage debt or rent to the landlord, plus credit card debt, student loans and other bank loans. Electricity, gas and phone bills must be paid, often by automatic bank transfer – and usually cable TV and Internet service as well. If these utility bills are not paid, banks increase the interest rate owed on credit card debt (typically to 29%). Not much is left to spend on goods and services after paying the FIRE sector and basic monopolies, so it is no wonder that markets are shrinking. (See Hudson Bubble Model later in this book.) A similar set of subtrahends occurs with net corporate cash flow (see ebitda). After paying interest and dividends – and using about half their revenue for stock buybacks – not much is left for capital investment in new plant and equipment, research or development to expand production.

This method soon found its way into every process at his factory. The final chassis assembly went from twelve hours, twenty-eight minutes down to one hour, thirty-three minutes. In the chassis assembling, there are forty-five separate stations. The first men fasten four mud-guard brackets to the chassis frame. The motor arrives on the tenth operation . . . the man who places a part on does not fasten it. The man who puts in a bolt does not put on the nut; the man who puts on a nut does not tighten it. On operation thirty-four, the budding motor gets its gasoline. On operation forty-four, the radiator is filled with water, and on operation forty-five the car drives out onto John R. Street.