Tax on tips: does that mean I should reduce my tip % since they get to keep all of it and not 80 or 90 %?

No tax on SS: if this was a real IRA type investment that would not make sense. For some of us who don’t really need that income (we are basically gifting the equivalent to our grandkids), under our current national situation, this should be adjusted for means tests, etc.

No tax on overtime pay: but that incentivizes people to work extra hours that might have gone to a new additional worker? (who still has to pay taxes on that income).

[Property tax] SALT: need details but I thought I saw a comment that Trump was favoring an increase in the threshold, thus favoring the Dem high tax states to continue their local protax behavior since the rest of us in the lower tax states end up contributing what they get forgiven.

Billionaire tax increase: probably sounds good and has little real impact in the bigger picture.

Carried interest loophole: this also depends on details, but to the extent I understand it, it involves long term delays in receiving rewards for management duties so it is basically capital gains; otherwise it is received yearly and is subject to regular rates. Some folks here may have a better insight about this than I do, so I welcome any clarifications.

Made in America: I favor a 0% corporate tax rate, with adjustments to the normal income rates to retrieve that lost income, so the real tax impact is visible to those actually paying it (shareholders,l costumers, employees and suppliers?). Also lets businesses avoid a lot of tax issues and to keep their prices lower than otherwise (but they still need to keep an eye out for sufficient gains to distribute as dividends.)

Ouch.
Because it’s so close to being true.

Some years ago I did an internet comparison of ROI for charities, IOW how much of a donation actually went to servicing the people in need.
Red Cross had the worst score; at the time, Salvation Army had the best.

Now I only give to my church’s Humanitarian Aid Fund or to locals.

And remember that a lot of the GoFundMe-type solicitations are scams.
Which deserves its own terrace on one of Dante’s circles.

NCAA fell in line on Thursday, announcing a new policy that limits college women’s sports to those “assigned female at birth only.”

2) Trump Administration to Keep 611 USAID Essential Staff – link not working in Firefox…removed

3 Trump’s list of tax demands revealed by Karoline Leavitt

No tax on tips
No tax on seniors’ Social Security
No tax on overtime pay
Renewing the Trump Tax Cuts
Adjusting the SALT cap
Eliminating special tax breaks for billionaire sports team owners
Closing the carried interest loophole
Tax cuts for Made in America projects

4) Red Cross: Humanitarian bystander of the year – (Israeli comedy short) 🙂

Despite the misleadingly modest Chinese claims of the resources required. Not to mention that DeepSeek sends your data to China.

The most important takeaway IMO is that AI remains an open game, not limited to a few Big Players and First Movers.

Which means more competition, lower prices and faster progress. We are hitting another steep section of the AI growth curve.

Hang on to your hats!

The Other Chuck:
__________________________________

Clearly, sir, you need Deep Research!

That’s ChatGPT Pro from Open AI.
__________________________________

Actually Deep Research looks pretty amazing.

https://techcrunch.com/2025/02/02/openai-unveils-a-new-chatgpt-agent-for-deep-research/

It’s clearly a return shot over the bow against China’s DeepSeek R1, released a few weeks ago.