So the US tax code is switching to a "Pay what you want" model?
Rich people: "Switching?"
this post was submitted on 26 Jul 2025
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Ultra Rich: "Pay?"
Honestly it would be cool if Americans could choose how their money is used. Have a base tax plus you choose 3 programs out of 10.
When I was a kid, I assumed that was how it worked. When I found out it wasn't, my reaction was something like, "then what even is a democracy?"
"and to the republic for which it stands"
Not a democracy : /
How is this real?
We've gone off the rails
Might as well start a GoFundMe at this point. I heard people nowadays will throw tons of money at fascists.
I heard people nowadays will throw tons of money at fascists.
I'd gladly drop my entire net worth on Trump and all his cronies heads...as long as I am allowed to convert it all to pennies first.
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Can’t buy yaoi on steam, but this is somehow totally acceptable and inoffensive.
Better to just burn the money; at least you can keep warm that way, maybe cook some hot dogs.
Shit! I want to donate but I blew all of my money on Trump's recent trip to Scotland.
Just wait a bit until his NFT takes off
THAT"S NOT EVEN HOW THE FUCKING US DEBT WORKS!!!!! They owe YOU!! YES YOU!!! that money! You know your fucking income tax?? They are literally borrowing money from you for free and pay you back when you ask for it back with FORMS. You are literally letting them double dip, even TRIPLE dip your shit WITHOUT INTEREST. YOU ARE PAYING GRIFTERS through this dipshitted idea!!!! You want to help pay the debt? Buy a fucking bond and let it mature! I'm losing my shit. Fuck this. I'm out. Don't know where, probably to bed, but I'm out.
That is not how that works at all...
They are in debt because for decades the government kept spending without bringing in tax money to cover it. They borrowed from other countries which creates dept.
That is partially correct. The US Debt is a loan composed of marketable and non-marketable treasury securities which includes public debt (what I lost my shit about) and intergovernmental debt (money spent to function as a government). It's not a credits and debits system like you put money into your checking account to cover an expenditure. The US has been in debt since its founding. It's not a decades old problem more like a centuries old thing. No country on this planet has zero debt.
In this post of taking money directly as a "donation" they are hiding the fact congress and the current moron president in charge are absolutely completely irresponsible with dividing up the collected revenue to make the payment on those loans especially with the passing of the "Big Beautiful Bill (shit sandwich)". They're redirecting revenue collected into the pockets of billionaires, and their pet projects (OpenAI), while persuading people it's a boogyman (immigrants, social programs, the weather, etc) causing the massive swelling up of the US Debt. These idiots also use boogyman excuses to steal more money for already funded public programs paid for by you and the supreme court enables it. All three branches are completely fucking us on this deal and they have the audacity to ask for more. This is why I am pissed off.
Debt*
You are willingly agreeing to pay them that money ahead of time for your ease. It has always been an option to not pay it until filing season.
This is why you use "withholdings" on your paycheck. It's really shitty that you have to figure out the sweet spot with that and can totally screw yourself if you do it wrong, but that's the option we have to not let the government borrow money for free. At least as an individual and not a company. You're kinda screwed on taxes if you run a small business.
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US government loan forgiveness 🤣
As of Q1 2025 US household debt was $18.2 trillion dollars. This is like a guy who lives in a van down by the river asking a homeless guy to help him make his van payments.
Even worse - a guy who lives in a big, white house asking it of a guy who lives in a van down by the river.
Debt per capita is $108k. Median net worth is 121k. Median savings: $600. Yeah, this is something for the upper percentiles. The majority of the population can't make a dent in the national debt.
I want to see who donates. they can't make something like that and then not let us laugh at whoever does it
I feel like it would be better to stop creating even more dept...
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In Bill Lumbergh's voice: If every American could just chip in $100k that would be greeaat.
For those who didn't read the article:
The donation program has existed since 1996, with a total of $67.3 million contributed — an amount that remains negligible compared to the federal debt.
The only new thing is more convenient donation methods.
I mean, they do have a voting block that regularly donates to televangelists... Those extra private jets have to come from somewhere.
I think those donations were from decades ago. Apparently the likes of Copeland's "church" needs staff to bring boomers to the front so it looks like loads on tv
🤣🤣🤣🤣🤣🤣
Amazed an NYPost article isn't getting more scrutiny on Lemmy
But either way it appears to be verified by multiple other sources
You can find the site here: https://www.pay.gov/public/form/start/23779454
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