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CitizenVectron

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Posts posted by CitizenVectron

  1. https://www.cnbc.com/2018/08/08/gop-congressman-chris-collins-to-be-indicted-on-insider-trading-charge.html

     

    Quote

    Rep. Chris Collins, R-N.Y., will be indicted by the Justice Department on insider trading charges, federal prosecutors announced Wednesday morning.

     

    The indictment relates to "securities of Innate Immunotherapeutics ... an Australian biotechnology company on whose board of directors Christopher Collins served," the DOJ said.

     

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  2. It looks like in Canada employers also contribute 4.95%, so it's a combined contribution max of around $5,000/yr per employee. So Canada takes less and pays less than in the US, it seems. It looks like SS cap is about double of CPP, per month. Huh. Mind you, I imagine most people don't come close to the cap. I wonder what the averages are for both countries.

     

    From a basic search, the average SS payout is around $1,300/mo. Average in Canada is $641/mo. When combined with the OAS in Canada, it's $1,228.

     

    Does the US have an equivalent to the Old Age Security payment?

  3. 4 minutes ago, mclumber1 said:

     

    US will pay out more depending on the final 5 years of income pre-retirement (I think) and there are a lot of other factors at play that determine your final SS check amount. 

     

    Interesting. In Canada you can also take your CPP early by a few years for a reduced monthly payment, and it ends up being more if you live past 70-something. It's an encouragement to retire early. Canada also has Old Age Security which everyone gets starting at 65, but it's not much ($586.66/mo for everyone who makes less than $122,000/yr at retirement).

  4. Vanity Fair: Trump Wants Mueller Probe to End in a "couple of weeks"; Threatening to Fire Rosenstein

     

    Quote

    “THE MANAFORT TRIAL IS SPINNING HIM INTO A FRENZY”: INSIDE THE WHITE HOUSE, TRUMP IS GOING CRAZY—THREATENING TO FIRE ROSENSTEIN AND TALKING ABOUT A TIMELINE TO END THE MUELLER PROBE

     

    Quote

    Sources say Trump is increasingly taking his legal defense into his own hands—very much at his own peril. The Sessions tweet crossed a line into what many interpreted to be outright obstruction of justice. Trump also is arguing that he wants to sit for an interview with Mueller, against his lawyers’ advice, The New York Times reported. This is partly driven by Trump’s frustration with his legal team’s inability to end the Mueller probe. As I reported this week, Trump is angry with his lawyer Rudy Giuliani for giving a series of erratic television interviews that seemed to disclose a previously unknown strategy meeting at Trump Tower that took place days before Don Jr.’s infamous sit-down with a Russian lawyer to get “dirt” on Hillary Clinton. Trump is also unhappy with White House counsel Don McGahn, who in the past stood in the way of Trump’s effort to fire Mueller.

     

    Quote

    Trump’s latest attacks on Mueller are partly being enabled by conversations with his attorney Emmet Flood, one source told me. “Emmet feels there’s nothing there with collusion, so it’s fine for Trump to comment and tweet,” the source explained. This person added that Trump appears to be in earnest about his desire for Sessions to end the Mueller probe, and spoke of a timeline of a couple of weeks. Otherwise, Trump has threatened to fire Rosenstein himself.

     

  5. 12 minutes ago, Chris- said:

     

    Two reasons:

     

    1. The system is struggling with the influx of baby boomer retirees; and

     

    2. Social Security taxes are only collected on the first $128,000 of income (which is what SFLU is speaking to). 

     

    Huh. In Canada the CPP contribution limit this year is only $52,400.00. That's only $40,367 USD. The amount collected is 4.95%, so $2,593.80 per year ($216/mo max). Is that higher than the % collected in the US?

     

    The maximum payout for CPP is $1,134.17 per month in 2018 (which is taxable), with the maximum surviving spouse benefit of $680.50 per month. Is that comparable to the US amounts?

  6. 24 minutes ago, b_m_b_m_b_m said:

    They're more likely to pick the most stringent, and run with those, unless there is a major, major disconnect in price for different skus of the same make and model. It's what other industries (like furniture flammability as an example) do with regard to state by state regulation.

     

    Remember, this is a plan not to make it easier for car companies, but to make more money for oil companies. So the logical next step is not only to freeze standards, but to also enforce mandatory maximums. Does X state have a 5 mpg lower standard than California? Then car companies will need to reduce consumption when selling in that state!

  7. Why is the US social security scheme not going to last? Canada has a similar thing (Canada Pension Plan as well as Old Age Security) and both are quite solvent. In fact CPP just got a decent boost (raised contribution levels). Is it because the US Congress has been unwilling or unable to boost contribution collection for decades, just like all your other taxes?

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