It would be interesting to see the massive amounts that go to fraud and waste.
Tax Wrapped 2025
71–77 of 77 posts
Re: Tax Wrapped 2025
#72Now imagine if you could choose the buckets and allotments. It's like "ok, you paid $25,000 in taxes. $7000 of that has to go to paying the interest, cause fuck you, but you can allocate the other $18,000 as you see fit (into a minimum of 3 buckets)."
Re: Tax Wrapped 2025
#73Earlier quoted context omitted.
In the nicest way possible no absolutely not that would way underperform just about everything
Not over the last few months, obviously. But in general I've never known a serious trader who didn't maintain a cash balance at some non-trivial level, if only to maintain liquidity for low-latency bets. But regardless, the point was that all the "cash" you see in your investment accounts (even if you, personally, don't carry any) is predominantly treasuries and other short term high-confidence debt. Everyone owns tr…
Money market is just chips on the table. The real investment is money in the pot
Re: Tax Wrapped 2025
#74Neat idea, but no way in hell am I giving my info to that site.
A snakey diagram with percentages would have been cool for the weirdos like me.
Re: Tax Wrapped 2025
#75Editorially, it might be good to point out that government money moves in both directions. I spent $X on interest payments on the national debt, but I also received $Y of those interest payments if I have any Treasuries in my portfolio. Similarly, I might be receiving Social Security or Medicare benefits. Maybe expand this with a second section estimating what you're receiving from the government?
You exist in a bubble if you think a meaningful population of the target audience of this app have any meaningful amount of treasuries in their portfolio, or any portfolio at all. I don’t think the website is lacking in describing things that we get from the government.
An explanation of government that ignores or downplays the effects on part of the constituency wouldn’t be a very good explanation, would it? The government is by definition for everybody, not just a “target audience”.
Even if you ignore people over 65, or over whatever age it is you think people start saving any money, there are plenty of young people with disabilities receiving Medicare benefits.
Re: Tax Wrapped 2025
#76I built the same for Germany steuerwrapped.com
Re: Tax Wrapped 2025
#77So we spent more on interest for the deficit than we spent on the doubling the combined spending on all of the following: transportation government operations natural resources community development education & social services agriculture international affairs science & space and energy ...anxiety rises.
Not really. That is federal spending, right? So your local transport authority or most of the funding of a local schopl, for example, wouldn't be included here?
yeah, the context is federally here; so from my federal income taxes which are MUCH higher than my state, sales, and property taxes combined