You gotta be smart to be a CEO!
I think that that is basically the way the Earned Income Tax Credit works. It starts low, then increases with salary to a point after which it drops off. I couldn’t find exactly the way it was calculated, but I strongly suspect that it could be defined in terms of being a progressive tax structure with negative rates at low income.
I saw the NYT article about this. Apparently the families are divided about the decision made by the judge. (gift link):
The outcome sharply divided the Sandy Hook families. Families who sued Mr. Jones in Texas favored Friday’s decision, which will keep Mr. Jones on the air but allow them to potentially receive more in damages from the Infowars income. Families who sued Mr. Jones in Connecticut favored settling for less money and shutting Mr. Jones down, although they acknowledged he would not be silenced entirely.
The article also says Jones is expected to appeal, of course, so this will continue to drag on. Justice is NOT being done for these families.
In other, possibly more schadenfreude-y news, Mary Trump’s brother has apparently written a book about the fam, which is expected to appear July 30:
Bombshell or nothingberder? Hard to say. Doubt it moves the needle at all, but there might be some interesting tidbits in it.
It’s rather more complicated than that. For some range of income the more you earn, the more you get. Then it starts dropping.
Oversimplified cases:
Head of household, two children:
10,000 income, 3,000 credit
20,000 income, 6,000 credit
30,000 income, 5,000 credit
There were changes made for 2024 that I’m not familiar with.
But that is what we would expect from a progressive negative tax rate
In ypour simplified example 10k-20k you have a negative 33.3% tax rate for 30K it becomes a negative 16.7% tax rate.
I’m going to choose to believe that they did it on purpose.
Edmonton is in Canada? Who knew!
Nobody, until Donald Trump discovered it. Must have been quite a sight, all those penguins coming up to him with tears in their eyes, squawking “Thank you, President Trump, for finding us!”
Pretty sure the Penguins are from Pittsburgh, which last I checked, was not in Canada.
I was there last week.
It was … well, Edmonton. I know it well, having lived there for a few years. Not the most exciting of places. At least, it might get a little more exposure this way, though maybe not in the way it wants.
I think I’ve only been in Edmonton once, on business. Oddly enough, I ended up with a suite at the Fantasyland hotel, with a great big Jacuzzi right in the middle of my room. “Room with Jacuzzi and at least three tarts of loose morals” will always be my lasting impression of Edmonton, although sadly, what I actually got was a nice room with a Jacuzzi but no tarts.
Penguin! Penguin! Penguin! No tarts!
Mushroom! Mushroom!
There’s a Hampton Inn in Columbia MO that has Jacuzzis in the rooms. It’s vintage 80s (clearly not updated) and the Jacuzzis are all that wonderful rose pink.
I used to stay there regularly, and the Jacuzzis never looked that clean to me.
I lived in Edmonton when the Oilers walked the Earth as gods among men so Trump can just shut up.
Lonely!
Snake!!!
Splunge!
Did he say “splunge”?