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🔻 Market Bloodbath
Citizen Frank
August 05, 2024
Good morning. It's Monday, August 5, and today's newsletter was edited by Citizen Frank.
CF Polls
Poll results will be in tomorrow's newsletter.
How have today's stock market declines (Dow -813 points, Nasdaq -2.7%, S&P 500 -2.3%) affected you? |
What is your primary investment focus? |
What is the size of your investment portfolio? |
Polls results from yesterday.
Do you support Trump's proposal to cut income taxes on Social Security benefits?
🟦 🟦 🟦 🟦 🟦 🟦 👍 Yes (99%)
⬜️ ⬜️ ⬜️ ⬜️ ⬜️ ⬜️ 👎 No (1%)
👍 Yes: “I have been paying taxes on my income earned since I was 15 years old, and am now 67 years old. Through two careers and various other jobs that I have held and never questioned the reason why. Now that I am retired and on social security I am still paying an exorbitant amount of taxes on my retirement wages. My question is why? When there are so many people out there who have never worked a day in their lives getting paid to do nothing and pay zero taxes. Yet I, and many others like me, are still footing the bill for a bunch of lazy people who want something for doing nothing.”
👍 Yes: “Senior citizens have paid into the social security their entire working lives. Their social security benefits are based directly on on their income and they were already taxed on that income. It seems reasonable that if a senior citizen gets to the point that they are eligible for benefits and are receiving them, they should not be taxed again.”
👍 Agree : “Biden was most of the reason Social Security was taxed - it is OUR money we were forced to contribute to our retirement, along with our employers and it NEVER was supposed to be taxed. Plus any unused portion of a deceased person's Social Security deposits should be given to their Estate or Heirs, tax free!”
Which of the following ranges best describes your annual income?
🟦 🟦 🟦 ⬜️ ⬜️ ⬜️ Less than $50,000 (49%)
🟦 🟦 ⬜️ ⬜️ ⬜️ ⬜️ $50,000 - $100,000 (32%)
🟦 ⬜️ ⬜️ ⬜️ ⬜️ ⬜️ $100,000 - $150,000 (11%)
⬜️ ⬜️ ⬜️ ⬜️ ⬜️ ⬜️ $150,000 - $200,000 (6%)
⬜️ ⬜️ ⬜️ ⬜️ ⬜️ ⬜️ More than $200,000 (2%)
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