Basically, even if people physically saw their own wages go up, I think the effect would still be something like "I'm finally getting paid for my skills, but things are so expensive now."
December 5, 2025 at 6:52 PM
Basically, even if people physically saw their own wages go up, I think the effect would still be something like "I'm finally getting paid for my skills, but things are so expensive now."
I don't know if it's a big difference. I notice people generally think their own income goes up because of their hard work/skill/etc., while prices of goods and services go up because of inflation/greed/etc.
I think the effect would remain regardless of price/dollar visibility.
December 5, 2025 at 6:51 PM
I don't know if it's a big difference. I notice people generally think their own income goes up because of their hard work/skill/etc., while prices of goods and services go up because of inflation/greed/etc.
I think the effect would remain regardless of price/dollar visibility.
This would not work. Federal income tax is based on gross income, not income after state and local taxes are taken out. The only exception is federal itemized deductions, where the IRS will let you deduct the first $10K worth of state/local taxes.
October 28, 2025 at 6:19 AM
This would not work. Federal income tax is based on gross income, not income after state and local taxes are taken out. The only exception is federal itemized deductions, where the IRS will let you deduct the first $10K worth of state/local taxes.
Not to sound like a conspiracy theorist, but I'm wondering if the Republicans plan to use a slim majority as a scapegoat. That way, if the economy goes to shit, they can just blame everything on "RINOs impeding Trump's agenda" or whatever.
November 12, 2024 at 5:26 AM
Not to sound like a conspiracy theorist, but I'm wondering if the Republicans plan to use a slim majority as a scapegoat. That way, if the economy goes to shit, they can just blame everything on "RINOs impeding Trump's agenda" or whatever.