@carew4me said:
US National debt
2008 9.5 trillion
2026 38.5 trillion
Yes, and GDP was $15 trillion in 2008 and is $32 trillion today.
Household financial net worth was $52 trillion in 2008 and is close to $200 trillion today.
If you are saying the apocalypse is coming in 75 years, I don't think that's a good investment strategy.
It doesn't concern you that our debt is 120% of our GDP - and going in the wrong direction? Net worth may have increased to $200 trillion, but clearly that doesn't raise the tax revenue needed to reduce the deficits we are running
@carew4me said:
US National debt
2008 9.5 trillion
2026 38.5 trillion
Yes, and GDP was $15 trillion in 2008 and is $32 trillion today.
Household financial net worth was $52 trillion in 2008 and is close to $200 trillion today.
If you are saying the apocalypse is coming in 75 years, I don't think that's a good investment strategy.
It doesn't concern you that our debt is 120% of our GDP - and going in the wrong direction? Net worth may have increased to $200 trillion, but clearly that doesn't raise the tax revenue needed to reduce the deficits we are running
@carew4me said:
US National debt
2008 9.5 trillion
2026 38.5 trillion
Yes, and GDP was $15 trillion in 2008 and is $32 trillion today.
Household financial net worth was $52 trillion in 2008 and is close to $200 trillion today.
If you are saying the apocalypse is coming in 75 years, I don't think that's a good investment strategy.
It doesn't concern you that our debt is 120% of our GDP - and going in the wrong direction? Net worth may have increased to $200 trillion, but clearly that doesn't raise the tax revenue needed to reduce the deficits we are running
Tax the rich?
That would be one way - if not to reduce our deficits, it would reduce our household financial net worth
@carew4me said:
US National debt
2008 9.5 trillion
2026 38.5 trillion
Yes, and GDP was $15 trillion in 2008 and is $32 trillion today.
Household financial net worth was $52 trillion in 2008 and is close to $200 trillion today.
If you are saying the apocalypse is coming in 75 years, I don't think that's a good investment strategy.
It doesn't concern you that our debt is 120% of our GDP - and going in the wrong direction? Net worth may have increased to $200 trillion, but clearly that doesn't raise the tax revenue needed to reduce the deficits we are running
Tax the rich?
only one real choice that can be slow enough to keep the frogs in the pot
@carew4me said:
US National debt
2008 9.5 trillion
2026 38.5 trillion
Yes, and GDP was $15 trillion in 2008 and is $32 trillion today.
Household financial net worth was $52 trillion in 2008 and is close to $200 trillion today.
If you are saying the apocalypse is coming in 75 years, I don't think that's a good investment strategy.
It doesn't concern you that our debt is 120% of our GDP - and going in the wrong direction? Net worth may have increased to $200 trillion, but clearly that doesn't raise the tax revenue needed to reduce the deficits we are running
Tax the rich?
Better yet, cut wasteful government spending!
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@taxmad said:
It doesn't concern you that our debt is 120% of our GDP - and going in the wrong direction? Net worth may have >increased to $200 trillion, but clearly that doesn't raise the tax revenue needed to reduce the deficits we are >running
It's a longer concern, yes. We need to bend the entitlement/spending curve downward.
Conversely, AI may accelerate the nominal/real GDP growth rate and taxes and we can just grow down the deficit, as we did with the debt from WW II from 1946-80.
Don't ignore debt, no. But don't OBSESS about it, either. Covid, Y2K, Wars, Stock Market crashes -- they were all short-term blips.
Convesely, AI may accelrate the nominal/real GDP growth rate and taxes and we can just grow down the deficit, as we did with the debt from WW II from 1946-80.
Don't ignore debt, no. But don't OBSESS about it, either. Covid, Y2K, Wars, Stock Market crashes -- they were all short-term blips.
Based on the spending levels, Covid is till having an out-sized impact on our spending...
It will be difficult to 'grow down' the deficit when the political class is promising deflationary policies
@carew4me said:
US National debt
2008 9.5 trillion
2026 38.5 trillion
Yes, and GDP was $15 trillion in 2008 and is $32 trillion today.
Household financial net worth was $52 trillion in 2008 and is close to $200 trillion today.
If you are saying the apocalypse is coming in 75 years, I don't think that's a good investment strategy.
It doesn't concern you that our debt is 120% of our GDP - and going in the wrong direction? Net worth may have increased to $200 trillion, but clearly that doesn't raise the tax revenue needed to reduce the deficits we are running
Tax the rich?
Better yet, cut wasteful government spending!
Spending this year is $7.4 trillion. Revenue is 5.6 trillion. So we run a deficit of $1.8 trillion. Social Security, medical and defense total about 5.6 trillion. So yes, if we cut out all other spending we have a balanced budget.
Yall ready to cut education, homeland security, research, transportation, veterans affairs, foreign diplomacy, national parks, courts and environmental programs?
And that doesnt include the interest on the debt.
Only way out is to increase revenue. Quicker we face and accept it, the longer we continue to be #1.
@carew4me said:
US National debt
2008 9.5 trillion
2026 38.5 trillion
Yes, and GDP was $15 trillion in 2008 and is $32 trillion today.
Household financial net worth was $52 trillion in 2008 and is close to $200 trillion today.
If you are saying the apocalypse is coming in 75 years, I don't think that's a good investment strategy.
It doesn't concern you that our debt is 120% of our GDP - and going in the wrong direction? Net worth may have increased to $200 trillion, but clearly that doesn't raise the tax revenue needed to reduce the deficits we are running
Tax the rich?
Better yet, cut wasteful government spending!
Spending this year is $7.4 trillion. Revenue is 5.6 trillion. So we run a deficit of $1.8 trillion. Social Security, medical and defense total about 5.6 trillion. So yes, if we cut out all other spending we have a balanced budget.
Yall ready to cut education, homeland security, research, transportation, veterans affairs, foreign diplomacy, national parks, courts and environmental programs?
And that doesnt include the interest on the debt.
Only way out is to increase revenue. Quicker we face and accept it, the longer we continue to be #1.
But that's not what we want. We are weak.
Everyone wants to cut someone else's spending, but they never want to cut their own spending. There are no fiscally conservative politicians left, if there ever were any. As you said, the only way out of this is to grow revenue.
As you said, the only way out of this is to grow revenue.
I think that the current plan is to create more debt, force the short end of the yield curve down to stimulate business while hoping that nobody notices the jump in inflation while monetizing and then tokenizing gold via a tether stablecoin and offering a redeemable gold bond with a 50 year maturity, knowing that the payoff will be in greatly devalued dollars.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said:
As you said, the only way out of this is to grow revenue._
I think that the current plan is to create more debt, force the short end of the yield curve down to stimulate >business while hoping that nobody notices the jump in inflation while monetizing and then tokenizing gold via a >tether stablecoin and offering a redeemable gold bond with a 50 year maturity, knowing that the payoff will be in >greatly devalued dollars.
Everyone wants to cut someone else's spending, but they never want to cut their own spending. There are no fiscally conservative politicians left, if there ever were any. As you said, the only way out of this is to grow revenue.
and everyone wants to raise someone else's taxes. Washington State is a great example of where the US will be in a few years
Everyone wants to cut someone else's spending, but they never want to cut their own spending. There are no fiscally conservative politicians left, if there ever were any. As you said, the only way out of this is to grow revenue.
and everyone wants to raise someone else's taxes. Washington State is a great example of where the US will be in a few years
let's not forget California
When gold and silver move together, it signals the coming end of fiat money.
Everyone wants to cut someone else's spending, but they never want to cut their own spending. There are no fiscally conservative politicians left, if there ever were any. As you said, the only way out of this is to grow revenue.
and everyone wants to raise someone else's taxes. Washington State is a great example of where the US will be in a few years
I don't disagree, but when someone like me pays more in taxes than a company like Amazon (see 2017 & 2018) that is a problem...
Edited to add: Not to mention billionaires that don't take a salary (or large salaries), but are able to take out tax free loans against their stock holdings to fund their lifestyles, there is a problem. It shouldn't be middle class/upper middle class people like me paying all the taxes.
@UpGrayedd said “It shouldn't be middle class/upper middle class people like me paying all the taxes.”
We may be getting off-topic, although income disparity, taxes, and debt are very relevant to our precious metals discussion.
So, it’s worth pointing out that the top 1% of earners pay about 40% of federal income taxes. Of course there are other taxes – real estate sales, Social Security, etc., but it is hardly the case that middle class/upper middle class are paying all the taxes.
As it pertains to Washington State, the recently enacted capital gains tax and changes to the estate tax target the wealthy in a way that may not be constructive for Washington State’s economy long-term.
Everyone wants to cut someone else's spending, but they never want to cut their own spending. There are no fiscally conservative politicians left, if there ever were any. As you said, the only way out of this is to grow revenue.
and everyone wants to raise someone else's taxes. Washington State is a great example of where the US will be in a few years
I don't disagree, but when someone like me pays more in taxes than a company like Amazon (see 2017 & 2018) that is a problem...
Edited to add: Not to mention billionaires that don't take a salary (or large salaries), but are able to take out tax free loans against their stock holdings to fund their lifestyles, there is a problem. It shouldn't be middle class/upper middle class people like me paying all the taxes.
I don't disagree with on the issue of taking loans against stock not becoming a triggering event, but I doubt it is the most pressing issue with our tax code.
Paying no federal income tax in a year or two really isn't that big of an issue - loss carry-forward/back are allowed and create headlines used by people who lack basic understanding of the tax code to get try and score political points. It isn't just Amazon - GM didn't pay taxes for years because Obama let them keep their tax losses even after their bankruptcy, which is not allowed by the tax code. By the way, Amazon paid more in state taxes in either of those year then you (or I or anyone on these boards) will make in our lifetime.
Everyone wants to cut someone else's spending, but they never want to cut their own spending. There are no fiscally conservative politicians left, if there ever were any. As you said, the only way out of this is to grow revenue.
and everyone wants to raise someone else's taxes. Washington State is a great example of where the US will be in a few years
I don't disagree, but when someone like me pays more in taxes than a company like Amazon (see 2017 & 2018) that is a problem...
Edited to add: Not to mention billionaires that don't take a salary (or large salaries), but are able to take out tax free loans against their stock holdings to fund their lifestyles, there is a problem. It shouldn't be middle class/upper middle class people like me paying all the taxes.
Folk just want a tax schedule that does not favor the ultra wealthy or those with political connections. Folk aint happy with that. And there is a very real and serious issue when probably all of us on this forum have paid more in taxes over the last 10 years than the President.
Everyone wants to cut someone else's spending, but they never want to cut their own spending. There are no fiscally conservative politicians left, if there ever were any. As you said, the only way out of this is to grow revenue.
and everyone wants to raise someone else's taxes. Washington State is a great example of where the US will be in a few years
I don't disagree, but when someone like me pays more in taxes than a company like Amazon (see 2017 & 2018) that is a problem...
Edited to add: Not to mention billionaires that don't take a salary (or large salaries), but are able to take out tax free loans against their stock holdings to fund their lifestyles, there is a problem. It shouldn't be middle class/upper middle class people like me paying all the taxes.
I don't disagree with on the issue of taking loans against stock not becoming a triggering event, but I doubt it is the most pressing issue with our tax code.
Paying no federal income tax in a year or two really isn't that big of an issue - loss carry-forward/back are allowed and create headlines used by people who lack basic understanding of the tax code to get try and score political points. It isn't just Amazon - GM didn't pay taxes for years because Obama let them keep their tax losses even after their bankruptcy, which is not allowed by the tax code. By the way, Amazon paid more in state taxes in either of those year then you (or I or anyone on these boards) will make in our lifetime.
I can only assume by your username that you know way more about tax code than I do, so I will defer to your expertise. I also don't want to come across as some tax kook, as generally I consider myself to be a fiscal conservative. However, the older I have gotten and the more successful I have become (upper middle class) the more frustrated I have also become. I make just enough to get hammered by the tax man, but not enough to successfully maximize various tax avoidance measures.
I make just enough to get hammered by the tax man, but not enough to successfully maximize various tax avoidance measures.
People don't realize how much 'the rich' actually pay in taxes, especially with the Obamacare surcharge on investment income. There aren't many 'avoidance' measures left - most are just timing issues and planning out for tax rates 20 years in the future is more than most of us can do. The advice I am giving my kids is quite different than what I did - and very different than what my parents did. They actually get killed on taxes as he made good money and all he could do to defer taxes was a IRA. Clinton hiking taxes on 85% of your Social Security combined with IRA revenue gives them a higher marginal rate now than I have
@Higashiyama said: @UpGrayedd said “It shouldn't be middle class/upper middle class people like me paying all the taxes.”
We may be getting off-topic, although income disparity, taxes, and debt are very relevant to our precious metals discussion.
So, it’s worth pointing out that the top 1% of earners pay about 40% of federal income taxes. Of course there are other taxes – real estate sales, Social Security, etc., but it is hardly the case that middle class/upper middle class are paying all the taxes.
As it pertains to Washington State, the recently enacted capital gains tax and changes to the estate tax target the wealthy in a way that may not be constructive for Washington State’s economy long-term.
The problem with your argument is that you only need to make ~$730,000 to be in the top 1%. While $730K is a very nice life, it is not even millionaire let alone billionaire status. Those poor slubs are in the same boat as me. They make just enough to get hammered, but not enough to utilize the tax avoidance schemes of the ultra wealthy. That's why they pay 40% of federal income taxes.
Low taxes up here in The Commonwealth. We don't even pay tax on clothing, groceries, coin and bullion. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
@blitzdude said:
Low taxes up here in The Commonwealth. We don't even pay tax on clothing, groceries, coin and bullion. RGDS!
Because your property taxes are a mortgage payment in themselves!
When I was in Texas they certainly were. Here not near as bad although I am out in the sticks and perhaps those city chickens would agree with you. I'm paying about $5K a year for a modest homestead on just under 25 acres. Some of these kids today are paying that for their iPhones or morning Starbucks. Seems very cheap to me. RGDS!
Edit: That $5K includes my homeowners insurance (About $1800) so the actual taxes are $3244. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
@taxmad said:
By the way, Amazon paid more in ...taxes
Im sure all of us would rather have their tax rate.
You got it. Just create 1.5 million jobs for people.
They are spending $200 billion on AI computers. That same money could fund tuition for 500,000 doctors ($400,000 ave tuition cost). These doctors will make $250,000 each or $125 billion combined for years and years, all the while helping mankind. They do that, and I'll support no taxes.
@blitzdude said:
Low taxes up here in The Commonwealth. We don't even pay tax on clothing, groceries, coin and bullion. RGDS!
Except for about the highest fuel taxes in the country and an inheritance tax.
True there. I can walk to Ohio from the house so we usually gas up over there. I also always had a company vehicle since relocating so the fuel was always on them. Guess they always have to get you somewhere. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
I genuinely wonder where silver will end up this year, seeing as we started the year at silver's massive rise up into the low hundreds and now we're at $70 per ounce. $50, maybe? lower? Or will it rise again to $80? Maybe even $100? Definitely going to be interesting though!
"Another day, another Collectors Universe forum scrolling session."
- Someone, probably
I understand that Silver has had these types of run ups in the past and I respect that argument but I keep thinking that the environment is different than 1980 or 2011.
Why?
The global silver market is currently in its sixth consecutive year of a structural supply deficit as of early 2026
. This persistent imbalance is driven by record-breaking industrial demand from the green energy sector, specifically solar photovoltaics (PV) and electric vehicles (EVs), which now outpaces total global mine production and recycling.
@Exbrit said:
A flat tax would be nice as long as there are no loopholes.
Well, there might be an exemption for family/kids and/or a home purchase. Lots of ways to play it.
The point is that EVERYBODY would pay a flat percentage (or close to it) so the uninformed media and political ignoramuses would no longer say that "so-and-so isn't paying their FAIR share."
Most people aren't aware that The Rich and the Upper Middle Class pay most of the taxes.
No tax on silver. How did you guys get there ? Sitting at about $70. Will it continue ? Of course. Just like it always has…..probably under $100 until it goes back over.
@TwoSides2aCoin said:
No tax on silver. How did you guys get there ? Sitting at about $70. Will it continue ? Of course. Just like it always has…..probably under $100 until it goes back over.
Sitting about ~half its all-time high. Expect much lower. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
@TwoSides2aCoin said:
No tax on silver. How did you guys get there ? Sitting at about $70. Will it continue ? Of course. Just like it always has…..probably under $100 until it goes back over.
Sitting about ~half its all-time high. Expect much lower. RGDS!
Every dip is a buying opportunity. And this only increases your savings
@TwoSides2aCoin said:
No tax on silver. How did you guys get there ? Sitting at about $70. Will it continue ? Of course. Just like it always has…..probably under $100 until it goes back over.
Sitting about ~half its all-time high. Expect much lower. RGDS!
Every dip is a buying opportunity. And this only increases your savings
I prefer going to bed with zero worries. IMO The Metal of Kings does a much better job of that but to each their own. And I have stacked the gutter in the past.....although now it's more of a click-click. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
@TwoSides2aCoin said:
No tax on silver. How did you guys get there ? Sitting at about $70. Will it continue ? Of course. Just like it always has…..probably under $100 until it goes back over.
Sitting about ~half its all-time high. Expect much lower. RGDS!
SIXTY dollars is half of 120 bro. NOT SEVENTY FIVE. And that was an intraday high. Please stop making this so easy. You can't be this dense lolzzzzz
@TwoSides2aCoin said:
Each to their own. It’s a precious metals forum, not an ETF platform. But if this forum helps you in the paper market, that is well and good.
My ETFs are currently all oil just as yours should have been. I gotz plenty of physical, real not that gutter trash. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Comments
Is this based off of total silver or government holdings? (or am I just way off here lol)
"Another day, another Collectors Universe forum scrolling session."
- Someone, probably
Nonsense.....if we were, the TED spread and other indicators would be flashing red. They are flashing solid green:
https://fred.stlouisfed.org/series/TEDRATE
Corporate spreads and other liquidity measures are absolutely fine. That is NOTHING like 2008 when spreads blew out all year.
Take a look at junk bond spreads in 2008...they rose ALL Year before peaking in December 2008:
https://fred.stlouisfed.org/series/BAMLH0A0HYM2
US National debt
2008 9.5 trillion
2026 38.5 trillion
Loves me some shiny!
“Often wrong, but never in doubt.”
Yes, and GDP was $15 trillion in 2008 and is $32 trillion today.
Household financial net worth was $52 trillion in 2008 and is close to $200 trillion today.
If you are saying the appocalypse is coming in 75 years, I don't think that's a good investment strategy.
It doesn't concern you that our debt is 120% of our GDP - and going in the wrong direction? Net worth may have increased to $200 trillion, but clearly that doesn't raise the tax revenue needed to reduce the deficits we are running
GDP was $15 trillion in 2008 and is $32 trillion today.)
(on paper)
I knew it would happen.
Tax the rich?
Knowledge is the enemy of fear
That would be one way - if not to reduce our deficits, it would reduce our household financial net worth
only one real choice that can be slow enough to keep the frogs in the pot
Loves me some shiny!
“Often wrong, but never in doubt.”
Better yet, cut wasteful government spending!
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
It's a longer concern, yes. We need to bend the entitlement/spending curve downward.
Conversely, AI may accelerate the nominal/real GDP growth rate and taxes and we can just grow down the deficit, as we did with the debt from WW II from 1946-80.
Don't ignore debt, no. But don't OBSESS about it, either. Covid, Y2K, Wars, Stock Market crashes -- they were all short-term blips.
Based on the spending levels, Covid is till having an out-sized impact on our spending...
It will be difficult to 'grow down' the deficit when the political class is promising deflationary policies
Spending this year is $7.4 trillion. Revenue is 5.6 trillion. So we run a deficit of $1.8 trillion. Social Security, medical and defense total about 5.6 trillion. So yes, if we cut out all other spending we have a balanced budget.
Yall ready to cut education, homeland security, research, transportation, veterans affairs, foreign diplomacy, national parks, courts and environmental programs?
And that doesnt include the interest on the debt.
Only way out is to increase revenue. Quicker we face and accept it, the longer we continue to be #1.
But that's not what we want. We are weak.
Knowledge is the enemy of fear
Everyone wants to cut someone else's spending, but they never want to cut their own spending. There are no fiscally conservative politicians left, if there ever were any. As you said, the only way out of this is to grow revenue.
Philippians 4:4-7
As you said, the only way out of this is to grow revenue.
I think that the current plan is to create more debt, force the short end of the yield curve down to stimulate business while hoping that nobody notices the jump in inflation while monetizing and then tokenizing gold via a tether stablecoin and offering a redeemable gold bond with a 50 year maturity, knowing that the payoff will be in greatly devalued dollars.
I knew it would happen.
The government is not doing these schemes.
The government is not doing these schemes.
lol, you think that the government isn't creating more debt?
You don't think the government is trying to force the short end of the yield curve down to stimulate business?
You don't think a 50-year gold backed bond isn't being considered?
Do you think the economy is going to "grow it's way out of a recession?
lol, get real.
I knew it would happen.
and everyone wants to raise someone else's taxes. Washington State is a great example of where the US will be in a few years
let's not forget California
When gold and silver move together, it signals the coming end of fiat money.
I don't disagree, but when someone like me pays more in taxes than a company like Amazon (see 2017 & 2018) that is a problem...
Edited to add: Not to mention billionaires that don't take a salary (or large salaries), but are able to take out tax free loans against their stock holdings to fund their lifestyles, there is a problem. It shouldn't be middle class/upper middle class people like me paying all the taxes.
Philippians 4:4-7
@UpGrayedd said “It shouldn't be middle class/upper middle class people like me paying all the taxes.”
We may be getting off-topic, although income disparity, taxes, and debt are very relevant to our precious metals discussion.
So, it’s worth pointing out that the top 1% of earners pay about 40% of federal income taxes. Of course there are other taxes – real estate sales, Social Security, etc., but it is hardly the case that middle class/upper middle class are paying all the taxes.
As it pertains to Washington State, the recently enacted capital gains tax and changes to the estate tax target the wealthy in a way that may not be constructive for Washington State’s economy long-term.
I don't disagree with on the issue of taking loans against stock not becoming a triggering event, but I doubt it is the most pressing issue with our tax code.
Paying no federal income tax in a year or two really isn't that big of an issue - loss carry-forward/back are allowed and create headlines used by people who lack basic understanding of the tax code to get try and score political points. It isn't just Amazon - GM didn't pay taxes for years because Obama let them keep their tax losses even after their bankruptcy, which is not allowed by the tax code. By the way, Amazon paid more in state taxes in either of those year then you (or I or anyone on these boards) will make in our lifetime.
Folk just want a tax schedule that does not favor the ultra wealthy or those with political connections. Folk aint happy with that. And there is a very real and serious issue when probably all of us on this forum have paid more in taxes over the last 10 years than the President.
Knowledge is the enemy of fear
I can only assume by your username that you know way more about tax code than I do, so I will defer to your expertise. I also don't want to come across as some tax kook, as generally I consider myself to be a fiscal conservative. However, the older I have gotten and the more successful I have become (upper middle class) the more frustrated I have also become. I make just enough to get hammered by the tax man, but not enough to successfully maximize various tax avoidance measures.
Philippians 4:4-7
Im sure all of us would rather have their tax rate.
Knowledge is the enemy of fear
I make just enough to get hammered by the tax man, but not enough to successfully maximize various tax avoidance measures.
People don't realize how much 'the rich' actually pay in taxes, especially with the Obamacare surcharge on investment income. There aren't many 'avoidance' measures left - most are just timing issues and planning out for tax rates 20 years in the future is more than most of us can do. The advice I am giving my kids is quite different than what I did - and very different than what my parents did. They actually get killed on taxes as he made good money and all he could do to defer taxes was a IRA. Clinton hiking taxes on 85% of your Social Security combined with IRA revenue gives them a higher marginal rate now than I have
The problem with your argument is that you only need to make ~$730,000 to be in the top 1%. While $730K is a very nice life, it is not even millionaire let alone billionaire status. Those poor slubs are in the same boat as me. They make just enough to get hammered, but not enough to utilize the tax avoidance schemes of the ultra wealthy. That's why they pay 40% of federal income taxes.
Philippians 4:4-7
You got it. Just create 1.5 million jobs for people.
Loves me some shiny!
“Often wrong, but never in doubt.”
Low taxes up here in The Commonwealth. We don't even pay tax on clothing, groceries, coin and bullion. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Because your property taxes are a mortgage payment in themselves!
When I was in Texas they certainly were. Here not near as bad although I am out in the sticks and perhaps those city chickens would agree with you. I'm paying about $5K a year for a modest homestead on just under 25 acres. Some of these kids today are paying that for their iPhones or morning Starbucks. Seems very cheap to me. RGDS!
Edit: That $5K includes my homeowners insurance (About $1800) so the actual taxes are $3244. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
They are spending $200 billion on AI computers. That same money could fund tuition for 500,000 doctors ($400,000 ave tuition cost). These doctors will make $250,000 each or $125 billion combined for years and years, all the while helping mankind. They do that, and I'll support no taxes.
Knowledge is the enemy of fear
Except for about the highest fuel taxes in the country and an inheritance tax.
Knowledge is the enemy of fear
True there. I can walk to Ohio from the house so we usually gas up over there. I also always had a company vehicle since relocating so the fuel was always on them. Guess they always have to get you somewhere. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
what is the source fr these numbers?
I genuinely wonder where silver will end up this year, seeing as we started the year at silver's massive rise up into the low hundreds and now we're at $70 per ounce. $50, maybe? lower? Or will it rise again to $80? Maybe even $100? Definitely going to be interesting though!
"Another day, another Collectors Universe forum scrolling session."
- Someone, probably
I understand that Silver has had these types of run ups in the past and I respect that argument but I keep thinking that the environment is different than 1980 or 2011.
Why?
The global silver market is currently in its sixth consecutive year of a structural supply deficit as of early 2026
. This persistent imbalance is driven by record-breaking industrial demand from the green energy sector, specifically solar photovoltaics (PV) and electric vehicles (EVs), which now outpaces total global mine production and recycling.
and the spot chart?
Loves me some shiny!
“Often wrong, but never in doubt.”
depends on how many times it goes over $100
When gold and silver move together, it signals the coming end of fiat money.
Flat tax.
OUCH
A flat tax would be nice as long as there are no loopholes.
Well, there might be an exemption for family/kids and/or a home purchase. Lots of ways to play it.
The point is that EVERYBODY would pay a flat percentage (or close to it) so the uninformed media and political ignoramuses would no longer say that "so-and-so isn't paying their FAIR share."
Most people aren't aware that The Rich and the Upper Middle Class pay most of the taxes.
No tax on silver. How did you guys get there ? Sitting at about $70. Will it continue ? Of course. Just like it always has…..probably under $100 until it goes back over.
``https://ebay.us/m/KxolR5
Renewable energy/solar is a real issue now with oil spiked and delivery/production offline.
ROW will be investing massive for the foreseeable future.
Not us, we are stuck in fossil fuel land temporarily, but we will have to pivot, its inevitable.
Sitting about ~half its all-time high. Expect much lower. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Every dip is a buying opportunity. And this only increases your savings
``https://ebay.us/m/KxolR5
I prefer going to bed with zero worries. IMO The Metal of Kings does a much better job of that but to each their own. And I have stacked the gutter in the past.....although now it's more of a click-click. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
SIXTY dollars is half of 120 bro. NOT SEVENTY FIVE. And that was an intraday high. Please stop making this so easy. You can't be this dense lolzzzzz
COPPER is gutter !
Each to their own. It’s a precious metals forum, not an ETF platform. But if this forum helps you in the paper market, that is well and good.
``https://ebay.us/m/KxolR5
My ETFs are currently all oil just as yours should have been. I gotz plenty of physical, real not that gutter trash. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?