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Your deceptive presentation perma, the product of ignorance about how economy works. The $34, 184 trillion National Debt is rapidly climbing as it accrues the biggest cost daily due to interest added to it.

Net interest costs soared to $659 billion in fiscal year 2023, which ended September 30, according to the Treasury Department. That's up $184 billion, or 39%, from the previous year and is nearly double what it was in fiscal year 2020.Nov 16, 2023

In addition, the consumers debt on their CC ended up more than $1 trillion as of Dec. 2023. This amount could never be paid off by most of the debtors due to the interest rate of 13% to 29% added to their debts monthly.

People are now renting a 300 sq.ft studio apartment. Nobody could afford to buy homes.

Joe Biden has violated the Accounting principles, by taxing claims for Long Term Care Insurance.

That is double taxation. That premiums paid to the insurance; taxes had already been paid. When the insured claims reimbursement for the care during the old age and disability, the IRS requires taxes to be paid again. This only happened in the Biden administration.

A screwed-up system all in violations of GAAP and IRS provision. Biden wants to collect and bankrupt all people who've worked and earned. Then feed his 12 million illegal invaders. In 2021, it costs more than $155 billion annually, when illegal entries were fewer. Now more than 10 million had come in, it cost taxpayers $175 billion annually, paid by Biden with our taxes to maintain and keep them.

These illegals are beating our police officers, and yet set free by the people of Joe Biden. But the innocent J6th demonstrating their 1st Amendment rights were locked up to 10 years or more in severe conditions. Yet that J6th was a hoax planned by the Pelosi team along with the FBIs and the Police Officers of the Capitol building. Facts are surfacing now. For nothing is hidden that could not be revealed.

You don't care about the highest violence we now have in this history. We the innocent taxpayers are the victims. I am now afraid driving in the evening. So many cars being hijacked, owners are beaten by the thugs.

You don't care about stores getting bankrupt because of the constant lootings. Looters are mostly dark; do you deny that?

You don't care about this because you don't pay taxes or pay very little tax. But those who earn and pay so much taxes are the victims being punished for the fruits of their wisdom and hard work.

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Your deceptive presentation perma, the product of ignorance about how economy works. The $34, 184 trillion National Debt is rapidly climbing as it accrues the biggest cost daily due to interest added to it.

Net interest costs soared to $659 billion in fiscal year 2023, which ended September 30, according to the Treasury Department. That's up $184 billion, or 39%, from the previous year and is nearly double what it was in fiscal year 2020.Nov 16, 2023

In addition, the consumers debt on their CC ended up more than $1 trillion as of Dec. 2023. This amount could never be paid off by most of the debtors due to the interest rate of 13% to 29% added to their debts monthly.

People are now renting a 300 sq.ft studio apartment. Nobody could afford to buy homes.

Joe Biden has violated the Accounting principles, by taxing claims for Long Term Care Insurance.

That is double taxation. That premiums paid to the insurance; taxes had already been paid. When the insured claims reimbursement for the care during the old age and disability, the IRS requires taxes to be paid again. This only happened in the Biden administration.

A screwed-up system all in violations of GAAP and IRS provision. Biden wants to collect and bankrupt all people who've worked and earned. Then feed his 12 million illegal invaders. In 2021, it costs more than $155 billion annually, when illegal entries were fewer. Now more than 10 million had come in, it cost taxpayers $175 billion annually, paid by Biden with our taxes to maintain and keep them.

These illegals are beating our police officers, and yet set free by the people of Joe Biden. But the innocent J6th demonstrating their 1st Amendment rights were locked up to 10 years or more in severe conditions. Yet that J6th was a hoax planned by the Pelosi team along with the FBIs and the Police Officers of the Capitol building. Facts are surfacing now. For nothing is hidden that could not be revealed.

You don't care about the highest violence we now have in this history. We the innocent taxpayers are the victims. I am now afraid driving in the evening. So many cars being hijacked, owners are beaten by the thugs.

You don't care about stores getting bankrupt because of the constant lootings. Looters are mostly dark; do you deny that?

You don't care about this because you don't pay taxes or pay very little tax. But those who earn and pay so much taxes are the victims being punished for the fruits of their wisdom and hard work.

Wacked out statistics...
How many of these are second or third jobs that people have to take to survive Bidenomics?
How many of these are simply government jobs, which do nothing for the private sector?
Liberty University dept. Head, Dave Brat just released survey results that show that 64% of Americans are living paycheck to paycheck and have less than $1000 in savings.

You need to peddle your brand of bullshit elsewhere. Only you and your fellow Bolshevik sheep will believe anything this administration advances. You people are as brain dead as Biden.

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There are various kinds of investments where you defer paying taxes. Those who are still working, trying to reduce taxes with their current income could invest on various funds.

The 403b plans are retirement for teachers and university professors and professionals, to defer taxes from income while working. I have 403b. These funds are invested and grow for a period of time. Then they are required or allowed to withdraw a certain percent annually. These funds are taxable upon withdrawal. The State, School, or University invest these funds, and the company who handles the fund issue the 1099 at year-end showing how much was withdrawn and taxes withheld. Normally withheld ends up lesser than your total tax liability. Purpose of these investments are for growth of income, and deferral of taxes.

All these deferred compensations are invested for a number of years to grow retirement income.
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There is also the 401k retirement fund. This fund is common to most private companies issued as benefit to their employees. The employee and employer pay certain percent from their salaries to invest. The taxes are also deferred upon retirement, when a certain percent is allowed for withdrawal every year. The retiree receives the 1099 as well to report this in the year-end tax report.

When working for State or City government, these are the kinds of deferred taxes compensations. Pers 1, Pers 2, and 3, defending upon the dates you've started working.

All these PERS have the shared percentage when the Employer-Employee match contributions as benefits while working.

Besides the PERS, there is also that state retirement funds called '"Deferred Compensation Plan." All these funds are invested to various kinds of companies. Employee pays all the deferred amount. Upon reaching retirement age of 65 or longer, withdrawals are allowed. At age 70 withdrawals are required. The State or Cities where you worked issue 1099 as well for tax reporting purposes. These funds are all invested to various company to grow.

When retired, gather all your 1099, to report to your tax form. These retirement funds are only one of the income sources. Others have many sources of various income to report for tax purposes.

Joe Biden is finding all kinds of loopholes to gather more taxable income. Those who did not work, or with no income depend upon the SSI or redistributions from Joe Biden taken from our taxes. That is why they all vote for Joe even when he is doing a grossly incompetent job. Along with corruptions. Congress knows all about his records. He stumbles all over the places. He must retire, if I were him.

Other states or cities, counties, and the Federal employees have various kinds of employee benefits and deferred retirement plans, not mentioned above.

There are many incompetent employees at the Federal level. They were hired for their political affiliation, or DEI, and not by the merit system.

the old lion reminds me of me.. but I have a whole pride with me.. Or at least nearly every week end.. I do not like being lonely, even though I have been a loner all my life.

My son had a professor at the U of MN, that had spent a couple years researching lions in Africa and some of his films and research was on "Nature" public TV . very interesting show and darn good nature filming by the prof.

Well have a nice evening and come back tomorrow. Good to talk a bit to you RAd..

The year kicked off with bang for the economy, registering a gain of double what was expected

https://www.cnn.com/business/live-news/jobs-report-january-02-02-24/index.html

LIVE UPDATES
Another shockingly good jobs report shows America's economy is booming
From CNN's Alicia Wallace, Elisabeth Buchwald, Bryan Mena and Nicole Goodkind

Updated 9:27 a.m. ET, February 2, 2024

What we're covering here
The January jobs report showed that the US economy added a stunning 353,000 jobs last month, confounding market expectations Friday morning and pushing up Treasury yields.
The unemployment rate stayed at 3.7%.
A new CNN poll shows the public’s long-held pessimism about the economy is easing — but a majority of Americans still think the US economy is in trouble.

The year kicked off with bang for the economy, registering a gain of double what was expected

https://www.cnn.com/business/live-news/jobs-report-january-02-02-24/index.html

LIVE UPDATES
Another shockingly good jobs report shows America's economy is booming
From CNN's Alicia Wallace, Elisabeth Buchwald, Bryan Mena and Nicole Goodkind

Updated 9:27 a.m. ET, February 2, 2024

What we're covering here
The January jobs report showed that the US economy added a stunning 353,000 jobs last month, confounding market expectations Friday morning and pushing up Treasury yields.
The unemployment rate stayed at 3.7%.
A new CNN poll shows the public’s long-held pessimism about the economy is easing — but a majority of Americans still think the US economy is in trouble.

The year kicked off with bang for the economy, registering a gain of double what was expected

https://www.cnn.com/business/live-news/jobs-report-january-02-02-24/index.html

LIVE UPDATES
Another shockingly good jobs report shows America's economy is booming
From CNN's Alicia Wallace, Elisabeth Buchwald, Bryan Mena and Nicole Goodkind

Updated 9:27 a.m. ET, February 2, 2024

What we're covering here
The January jobs report showed that the US economy added a stunning 353,000 jobs last month, confounding market expectations Friday morning and pushing up Treasury yields.
The unemployment rate stayed at 3.7%.
A new CNN poll shows the public’s long-held pessimism about the economy is easing — but a majority of Americans still think the US economy is in trouble.

Jim, I could not be more surprised at these comments.. the information from my post is very clear and accurate.. I do know some are living paycheck to paycheck.. alway are some.. hate to be harsh but most of those have only themselves to blame.. One should know what the monthly income is for the family and plan accordingly.. One of my best buddies was consistent that if he earned a nickel he would spend a dime and always complained about money. I hired him for one of those part time jobs you think are so prevalent.. and he often spent the earnings when we went out for r & r after work.. Now he is my age and still works a bit at something. driving only I hope.

What is the world does government jobs have as a bad side.. some of them pay quite well.. and why should they do or not do for the private sector... from the 80s our economy has been a consumer driven product rather then a production driven enterprise.. So not matter from what, put money in the hands of consumers and that does help drive the economy.

More to the point, all indicators are that the economy is near booming.. you may not like that but it is a fact..