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Because that isn’t remotely realistic or feasible. Like I said, you can’t tax someone buying Coca-Cola stock as if they bought bitcoin instead.

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But they are taxing the POTENTIAL of the stock. So how do you propose to tax the POTENTIAL of a worker? Find out what the max per hour of the workers in that industry? Similar industries? I’m mean it’s only fair if your going to do it to one type of income you do it to another right?

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Your comparison isn’t even valid. As I’ve said multiple times now. Besides, this won’t go anywhere anyway. The Federal government relies on reporting to collect taxes on earned income and they constantly screw that up. What makes you think they’re going to somehow be able to track unearned income any better and who is supposed to report it to the Federal government exactly? It’s one thing to track payroll. This is an entirely different ball of wax.

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I’ve heard that a lot too. Personally, I don’t think anyone choosing to be on unemployment really wants to work anyway. Honestly, I think if most people had the choice, they wouldn’t work. I get bored when I’m not working, but I’m not most people. Then again, if earning an additional $300 a week on top of regular unemployment pays more than actually working, it does seem like somebody is getting underpaid for actually working. I bet if you compare the gross amounts though they’re not even close. I know my job takes several deductions from my pay. My gross is a lot more than my takehome. I’m betting it’s the same way for most people. If you also work a lot of overtime, forget about it. Speaking of punishing people for being successful, it kind of seems like we punish people for working.

As an example my gross is around $1300/wk on my long weeks. My take home ends up being a little over half that. So yeah, if I was on unemployment, getting no deductions other than income tax on the UE benefits, it might end up being a little more in my pocket with the Federal addon. But then I would also have to pay more for health coverage among other things because I’d no longer be getting those through my job. I’m not sure why anyone would think that’s a better deal. UE is also temporary, versus a steady paycheck that comes with a job. So there’s that.

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Not at all.

Higher taxes on the wealthy helps fund much needed programs, but also stabilizes the market, and strongly encourages corps and the wealthy spend their money to avoid paying such high taxes.

“Salary caps” work in professional sports. They work in a society as well. As we saw from 1935-1981.

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They used to work for Corporations too. Until the tax code got changed anyway. Companies would spend money expanding and creating jobs (what we keep hearing they’ll do if they get taxed less) to avoid paying taxes. Now they invest it instead or buy back their own stock to jack up their share price. Clearly, that’s the better option and helps everyone. :roll_eyes:

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I’ve applied for unemployment once in my life. That was about 33 years ago. Company I was working for closed down. Applied, told there was a two week waiting period. Given all the information and paperwork to fill out each week. Got a job a week later.

What’s happened now is congress has bastardized unemployment. It’s not meant to replace your entire paycheck (or exceed it). Unless they for some unknown reason vote to keep the extra 300 9or more) a week in umemployment, eventually it will drop down to where it won’t pay (aka more than if you were working) to be on it.

I like the GOP idea (and states should be working on it). 3 months to get software that will not pay a person more than they were making at their job. States that don’t comply in the 3 months – no longer eligible for enhanced pandemic unemployment funding.

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Bully for you. Does that make you better than people who use it or something? And I see you completely ignored what I said about gross vs. net to play the “exceed paycheck” canard. Typical.

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Yes, I should have included Corps as well.

We saw what happen when Bush and Trump, when they allowed corps to bring their off shore profits back at much lower rate. The promise was investing in their companies…but instead did a stock buy back to inflate the value of their stock, witch then inflated their personal wealth.

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The ONLY thing that will be taken out of unemployment (and if you don’t check the mark – nothing will be taken out) is fed and state tax.

So if you get 600 a week extra unemployment, then state and fed tax due. But not ss and med.

and that I’ve never been on unemployment – not better than those who use it. BUT I’ve taken lesser jobs than what I worked previous – and found those jobs before UI would have kicked in.

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“The ONLY thing that will be taken out of unemployment (and if you don’t check the mark – nothing will be taken out) is fed and state tax.”

I already said as much. Again, ignoring what I said to try to make your “point” which is bogus. Like I said, typical.

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I’m lost about what you are comparing then.

Unemployment insurance is NOT ment to replace your job. It’s to help you along until you get a new job. That’s why it isn’t as much as you were making (only a percentage with a cap), and why it’s time limited.

Not sure what they hell you are trying to compare gross and net pay on or about.

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I never said it was. In fact, if you’d actually paid attention to what I did say, you’d see where I don’t see how anyone would think being on UE is a better deal than having a job with a steady paycheck.

:roll_eyes:

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“Not sure what they hell you are trying to compare gross and net pay on or about.”

Of course not. Because it completely blows your “exceeds paycheck” canard out of the water.

Nevermind that UE benefits are also capped, which is another thing people seem to ignore.

If you make more at your job, it doesn’t necessarily mean you’re going to get more on unemployment either.

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Lets do some simple math shall we?

300 a week unemployment? 20 dollars a week gross less than someone making 8 dollars an hour.

So when it was 600 a week extra . . . that was the equivalent of $15 and hour REGARDLESS of what your gross and per hour pay was previous.

Now say right now you get 150 a week unemployment at say 10 dollars an hour. Your actually going to be getting 450 a week or 11.25 an hour.

Things that make you go hmmm

If your makign minimum wage — I think the lowest min unemployment I saw for any state a while back was 75 dollars. now add the 300 a week – that person is getting 9.37 an hour.

Not to mention they’ve waved the requirments to turn in paperwork that you have applied at x number of places to keep the bennefits coming.

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When it was $600 a week extra? When it was?

Do you even know how long that was? I’m thinking probably not.

“Not to mention they’ve waved the requirments to turn in paperwork that you have applied at x number of places to keep the bennefits coming.”

This just shows you have no idea what you’re talking about. They didn’t just waive anything. You have to qualify for that exception. Just like everything else.

Anyone who turns down returning to work for their current employer also wouldn’t qualify as well as making themselves ineligible to keep collecting unemployment. The employer can report them for refusing to return to work when asked, and they will, considering it affects what they pay for their UE insurance rates. You might want to read up on the actual rules a bit before spouting nonsense like that.

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Again, RIGHT NOW it’s 300 a week (7.50/hour) on top of regular unemployment bennefits.

You qualify for that, I’m pretty damn sure you qualify to not turn in list of applications.

Right there – anyone making minimum wage 7.25 an hour maked MORE from just the 300 than they do working. No incentive to look for a new job (get the waiver from looking).

Now you can’t turn down gonig back to work . . . but listening at the haircut place (no barbers where I live so you go to a salon). Workers can ask if the employer can chedk with some other first. (also heard a detailed conversation about what a pain the first PPP was and the paperwork associated).

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You’re pretty damn sure? Did you bother to look at the actual rules yet? Anecdotes aren’t proof of anything. Cool story though.

I don’t know of any minimum wage jobs that work people forty hours a week either. Most of the employers around here only have those jobs part time because it doesn’t make sense to pay additional healthcare costs for workers (besides workman’s comp, which they’re already required to pay) that can be easily replaced, which if they worked them forty hours a week, they would then be required to, under law, to provide them. But sure, it makes for a cool hypothetical or something, I guess. :roll_eyes: Given that’s the case, I can pretty much guarantee they aren’t getting much UE and the Federal benefit lasts what, eleven whole weeks, and that’s IF they even qualify for it? Oh, the horror. :roll_eyes:

By the way, if you looked at the actual rules, you might understand why the “waiver” as you put it is there. Why would an employer who laid off an employee with a plan to hire them back want them looking for another job? Did you think any of this through before posting more nonsense?

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By the way, since you like simple math, here’s some for you:

I work in Oregon and make roughly $50k a year. (That comes out to roughly $24/hr based on your forty hour work week.) UE is capped at $624 a week.

624 x 52 = 32,448 (This comes out to roughly $15/hr, again based on a 40 hr work week.)

Now add the 300 extension, I’ll even be generous and assume it’s for the whole year (which it isn’t, but I digress.)

942 x 52 = 48,048 (Roughly $23/hr. This would actually be close to what I make at my actual job. Alas, if only it were for the whole year instead of merely a few weeks.)

Both of those are LESS than what I make at my job. And that’s assuming I get the maximum. Most people don’t even qualify for that.

That also doesn’t take into account having to suddenly pay for things like COBRA (average $1048/mo., varies depending on employer plan.) So again, what a deal! :roll_eyes:

Weekly UE is 1.25% of annual income (based on whatever year they determine) with a minimim of $151.

So again

151 x 52 = 7,852 ($12,080/yr to get this which comes out to $5.81/hr at 40 hrs/wk, which is considerably less than the minimum wage here not to mention less than the Federal minimum wage.)

(It’s almost like the UE rules are setup to help part time workers who don’t work forty hour work weeks or something. Imagine that.)

451 x 52 = 23,452

Minimum wage in Oregon is $13.25 for the Portland metro area.

13.25 x 40 x 52 = 27,560.

13.25 x 40 = 530
27,560 x 1.25% = 344.50 (this is equivalent to getting paid for working 26 hours a week for the same amount.)

Oops. LESS again.

So much for that I guess. Then again, that’s after looking at the actual rules and taking everything in context. Paints a completely different picture, wouldn’t you say?

As for me, I’ve had the option to be on unemployment since before this whole COVID mess started (Thanks to Trump’s trade war with China) and chose to keep working instead. Why? Because I can’t afford to be on unemployment. Having silly things like a mortgage, a car, and a baby will do that. Somehow those bills don’t seem to go away if I just up and stop working. Go figure.

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Great. Then when I was earning and investing my salary was taxed more and now that I am retired you want my investment (that you consider unearned) income to be taxed more. Somehow that doesn’t seem fair.
Tax them at the same rate. If they are a retired person living off of a few investments and maybe social security, then they wont be taxed so much. If they are a big CEO with a huge salary then their investment income will be taxed at their higher rate.