It's been a long day. Covered my 16 patients today mostly by myself, having close supervision. Fortunately, didn't miss too much, and maybe I would have caught it later in the process. Still a lot to learn but it's been enjoyable. And, it feels good to be able to directly help people again.
Sadly, I get my retirement from those taxes. But, I had between 7-13% of my check withheld for my retirement. I get a 4% return on that money, because of all the administrative costs. Comparatively, if I had put that same amount in an S&P Index fund, it would have yielded a 12% return.
Hey guys. Lots of tax talk today. I haven't filed mine yet since the new COVID relief bill might change the child tax credit. I figure that's worth waiting for. Every bit helps.
Also, I'm lazy.
I didn't think it was retroactive. Maybe so. I think it should be made retroactive for 18 years for me.
I never needed the stimulus checks. Wish there was a way to turn them down. People think it is free money. Nothing is ever free with the government they WILL get it back. I work for them and don’t trust them.
Yes, they could just stop taxing us instead of giving us back our money. Or, maybe they could actually just pass and adhere to a budget. With a country of 330 million, each taxpayer owes $80,000 in taxes to just break even. That's almost double the median household income in the US. And yet, politicians still keep spending money.
I'm pretty sure if you write a check as a donation to the Treasury Department they will take it
Probably better off donating to a charity that will use the money more wisely though. I'm afraid all this money printing is going to hit everyone big time with inflation. The overall productivity of the country is still down. That means we all get a little less. Some less than others. Since we are handing out dollar bills, it's going to take more dollar bills to get your piece of the reduced collective output of the workforce.
That's the greatest challenge - the national debt. Either it truly doesn't matter, and we can just spend & print and it's great. Or, it gets so high that we implode and it's all over.
The only way I know to combat this personally is having a good investment strategy. In my mind having my money in businesses that create value and finite resources like real estate should help as all of the sudden $15 an hour is no longer the livable wage people want.
There was article about that from the CBO. Wasn't it 1.5 million lifted out of poverty and 900,000 jobs lost? People can't think of the unintended consequences.
