This source, a transcript from a video by Richard J. Murphy, argues against the common notion that government debt must be repaid, asserting that this debt is fundamentally the cumulative difference between government spending and taxation over time, and thus represents the nation's money supply. Murphy contends that attempting to repay this debt would be economically disastrous, eliminating the government-created money necessary for paying taxes and undermining critical sectors like pensions, insurance, and banking, which rely on government bonds. Instead of repayment, the focus should be on managing the interest rates on this essential debt, which is presented not as a burden but as a foundational element of a stable economy.
For 2021, 2020 and 2019, the total contributions you make each year to all of your traditional IRAs and Roth IRAs can't be more than:
$6,000 ($7,000 if you're age 50 or older), or
If less, your taxable compensation for the year
Charitable donations will only lower your taxes if all of your itemized deductions are higher than the standard deduction set for that tax year.
Big companies drove the 2017 Tax and Jobs Act, but did not commit to any specific wage hikes, the Center for Public Integrity found
Companies used the tax break to buy over $trillion in stock buybacks instead of investing in capital or people. Good points about fiduciary responsibility to benefit shareholders...Really fucked up.