Magnificent Eight – Net Income Comparison
Magnificent Eight – Net Income Comparison byu/Prudent-Corgi3793 inwallstreetbets
income
President Donald Trump to consider abolishing the Federal Income Tax.
It appears he legitimately is attempting to do so. He’s going to face extreme resistance from Congress but, let’s hope for the best. pic.twitter.com/yp4oZ6iY6f — Dominic Michael Tripi (@DMichaelTripi) January 22, 2025 The prospect of abolishing the federal income tax carries a sense of bold possibility. It envisions a simpler system, freeing millions from the …
Warren Buffett Is Set to Collect $4.5 Billion in Annual Dividend Income From 7 Magnificent Stocks | The Motley Fool
Few if any money managers command the attention of investors quite like the Oracle of Omaha, Warren Buffett. Since taking over as Berkshire Hathaway’s (BRK.A 0.14%) (BRK.B 0.28%) CEO six decades ago, Buffett has overseen a cumulative return in his company’s Class A shares of 5,477,866%, as of the closing bell on Jan. 8. When …
I was considering buying some Fidelity Multi-Asset Income Fund until I saw this. WTF Fidelity?!?
by belangp Come on! Give your hard earned money to a man who’s been found guilty of fraud & is promising you better returns than Madoff. No red flags here.
The cost to buy is surging far beyond renting. Income needed to buy a house now dwarfs median U.S. income, making the subprime bubble seem minor by comparison.
https://imgur.com/cost-to-buy-significantly-outpacing-cost-to-rent-now-posted-response-to-rental-price-increases-VMXMPkM Income needed to buy a house vs. median income in the US. Subprime bubble looks almost cute in this chart. Ht @nickgerli1 pic.twitter.com/zPfUf2uaDc — Michael A. Arouet (@MichaelAArouet) December 13, 2024 All one needs to know about successful investing in one sophisticated chart 👇 pic.twitter.com/mspgDVgXtJ — Michael A. Arouet (@MichaelAArouet) May 8, 2021 Over …
The housing market is frozen. No buyers, no sellers, as prices aren’t agreed on. Annual income needed to buy a house reaches a 125-year record high.
Yup. So the housing markets just sits here and does nothing. No buyers no sellers because they can’t agree on an affordable price https://t.co/UFEektfCKe — QE Infinity (@StealthQE4) December 12, 2024 Annual income needed to buy a house over last 125 years. pic.twitter.com/RD57b008BQ — Nick Gerli (@nickgerli1) December 12, 2024
Canada’s household debt reaches 174.6% of gross income, making it more sensitive to interest rates than the U.S.
The Canadian economy faces a looming crisis, heavily influenced by staggering household debt levels. As of 2024, Canadian household debt stands at a staggering 174.6% of gross income, significantly higher than the 75% of GDP in the U.S. This means that Canadians are dedicating a far greater portion of their after-tax income to servicing their …
Median household income for homebuyers is $120k, 40% higher than current income.
The median household income necessary to purchase the median home for sale in the US ($120k) is over 40% higher than the current median household income ($85k). The most unaffordable housing market in history continues. h/t RobertBartus
The income required to afford a median home is still ~90% above levels seen in 2020. Rate cuts are not working yet.
“For the first time since the 2020 pandemic buying a home has become more affordable: US homebuyers now need to earn $115,454 annually to afford the median-priced home with a 15% down payment. This is down 1.4% year-over-year, marking the first annual decrease since June 2020, when mortgage rates were below 3%. The drop came …
Over 25% of U.S. renters spend half their income on housing; savings rate dips to 2.9%.
25.6% of U.S. renters are spending more than half their income on housing, per Axios. — unusual_whales (@unusual_whales) September 23, 2024 Personal Savings Rate Continues Decline The American piggy bank is running on empty. In a troubling sign for household financial health, the latest data from July 2024 reveals that the personal savings rate in …
Low income people have run out of money
Dollar General’s stock price is down by 40% YTD, with their CEO reported a massive warning about low-income consumers who make less than $35,000.
Communism’s Coming — The US is considering a sovereign wealth fund. Alaska already has one, and it’s funding a universal basic income.
Bipartisan support is growing for a US sovereign wealth fund. The Alaska Permanent Fund, which distributes money to Alaska residents annually, could be a model. Challenges include funding sources, legislative hurdles, and state-owned natural resources. Bipartisan momentum is building around a sovereign wealth fund that could help the United States reduce its national debt or …
Bankrate: Average American needs $186,000 income for comfort, while full-time workers make $79,000.
With housing taking up so much income, it’s no surprise income needs to be that high to live comfortably. https://t.co/54chaQOUr6 — Reef Insights (@ReefInsights) August 20, 2024 Shocking stat of the day: A record 8.5% of homes in the United States are now worth $1 million or more. Over the last 4 years, this share …
Judge orders St. Louis to stop guaranteed basic income payments
(The Center Square) – A judge ordered the City of St. Louis to stop its guaranteed basic income program, possibly marking the first time a court granted an injunction to stop payments. St. Louis Circuit Court Judge Joseph Whyte ordered St. Louis Comptroller Darlene Green, Treasurer Adam Layne and Mayor Tishaura Jones to immediately stop …
Harris to Raise Corporate Income Tax
By Martin Armstrong America is experiencing a 13-year high in corporate bankruptcies, with more companies going under than during the lockdown era of the pandemic. Companies are rushing to friendshoring opportunities to avoid the tax that comes with the Made in America label. Businesses are reluctant to hire even low-wage workers. America lost China as its top …
Interest on U.S. debt to hit $1.14 trillion, consuming 76% of income taxes this year.
According to a recent report, interest payments on the U.S. national debt are projected to reach $1.14 trillion this year, which would consume approximately 76% of all personal income taxes collected. This significant increase in interest payments is attributed to rising interest rates and the growing national debt. BREAKING: Interest Payments on U.S. National Debt Will Shatter …
Harris claims bill reductions, yet energy prices soared. Americans can’t endure more deceit. The pain of inflation is being felt across all income levels
Kamala Harris said “every day” she has been working to "reduced heating and electricity bills so folks have more money in their pocket” When she said this – Electricity was up 11.9%– Fuel oil was up 27.7%– Natural gas was up 26.7% American won’t survive 4 more years of lies pic.twitter.com/n0DgaQkQU4 — Wall Street Apes …
Nashville’s Pension System Paid Retired Public Employees $205M Last Year. Ex-police Chief Gets $126K, While Median Income is $72K.
Total Payout: Last year, Nashville’s pension system disbursed a staggering $205 million to retired public employees. That’s a substantial sum! High-Paid Retirees: Among the recipients, 68 individuals received pensions of $72,000 or higher. Notably, some former police officers secured impressive payouts: Michael Robinson: Collects over $187,000. Eric Snyder: Receives $139,000. Former Chief Steve Anderson: Retired in 2020 and enjoys a $126,000 pension. For context, …
24-Year-Old Youtuber Elected to EU Parliament Reveals His Whopping Income
There's no depth of financial waste one can generate when they're allowed to spend other people's money. — Craig Chamberlin (@CraigChamberlin) July 9, 2024
US Economy Slowing Like Biden, Down To 1.7% (According To Hot ‘Lanta Fed), Mortgage Payment As % Of Income Near Highest Since Early 1980s
by confoundedinterest17 Hot ‘Lanta! Or perhaps COLD ‘Lanta! And despite what Biden says, thiere isn’t an economic revival. Yes. everyone can see the mental decline in President Biden and he should be in a nursing home. While he vows to run for President against Donald Trump, can you imagine what he will be like in 2 years? …
WORLD BANK – Russia Regains “High Income” status Despite 16,000 Western Sanctions
Russia Regains “High Income” status Despite Western Sanctions The World Bank says Russia is a High-Income country once again. This comes despite thousands of sanctions that the West has imposed on Russia since 2014. Moscow has decided to look to the Global South for its economic needs, and this strategy seems to have borne fruit. Between …
Elon Musk: “We will have to have some kind of universal basic income. I don’t think we’re going to have a choice.”
I think it will be universal high income — Elon Musk (@elonmusk) June 27, 2024
Arkansas Governor Sarah Huckabee Sanders signs law reducing property and income taxes.
BREAKING: Arkansas Governor Sarah Huckabee Sanders has signed a law drastically reducing property & income taxes, and plans to get rid of the income tax altogether soon This is her third tax cut as governor and has done so without cutting any agencies, foolproof that government… pic.twitter.com/P1kmnaUisz — George (@BehizyTweets) June 21, 2024 Arkansas Gov. …
Biden administration secretly blocked bill on foreign income disclosure while media distracted voters with “cheap fake” narrative.
While you weren’t paying attention, the @JoeBiden White House was caught working behind the scenes to kill a bill that would have forced him to disclose any foreign income he and his family members have received as well as any and all business conducted on Air Force One. The… pic.twitter.com/v4KFBnHSEC — Jesse Watters (@JesseBWatters) June …
Unless your income surged since January 2021, you’ve lost $8,000 buying power.
Between prices rising faster than earnings and now higher interest rates drastically pushing up borrowing costs, the typical American family has gotten crushed financially – it's the equivalent of knocking about $7,800 off their annual income, compared to Jan '21: pic.twitter.com/VoUU3aRyqr — E.J. Antoni, Ph.D. (@RealEJAntoni) June 12, 2024 Inflation Impact: Inflation has indeed surged, …
Trump floats eliminating U.S. income tax and replacing it with tariffs on imports
Donald Trump discussed the idea of imposing an “all tariff policy” that would ultimately enable the U.S. to get rid of the income tax, sources told CNBC. He also talked about using tariffs to leverage negotiating power over bad actors, according to another source in the room. Trump championed tariffs during his first term in …
A new animated show is coming to Fox about two guys who lose their jobs to robots but get an unconditional basic income of $3,000 a month.
A new animated show is coming to Fox about two guys who lose their jobs to robots but get an unconditional basic income of $3,000 a month. And there will be at least two seasons of it. It’s called “Universal Basic Guys.” The premise of the show is that the town of Glantontown is the …
States Are Banning Guaranteed Income Programs (Universal Basic Income Pilot Program)
Four states now have laws in place that prevent cities and counties from creating or continuing guaranteed income programs, and several more have tried or are trying. “After years of momentum behind guaranteed income programs that disburse no-strings-attached cash, the backlash has arrived in force,” writes Sarah Holder in an article for Bloomberg. More than …
Ferrari Net Income is $1.4 billion vs. GM at $20.1 billion. Ferrari Market Cap is $80.9 billion vs. GM at $50.3 billion. Damn…
Ferrari Net Income is $1.4 billion vs. GM at $20.1 billion. Ferrari Market Cap is $80.9 billion vs. GM at $50.3 billion. Damn… byu/MarketLab inwallstreetbets