ARKANSAS English Checks Have Begun, They’re checking ALL trucks

Who’s willing to grind??? Code for do whatever the hell is needed to haul cheap rates. Aka run illegal. Aka unsafe…

 

So what about people from India who do speak English, but have 3-5 people in the truck at the same time
344K views · 2.2K reactions | 14_#truck #truckdriver #trucking #trucker #cdllife #cdl #flipflopmafia | Gear Grinding Hyena

 

You have income, thats income tax. You sell land (like Trump) or stocks (like Musk) you pay capital gains tax. Top end is 37% for income tax, 20% for capital gains... How much is the rich stealing from the middle/lower classes? 17% MINIMUM of taxes they SHOULD pay, they dont have to. Why? Because THEY make the rules...

Here is the sad truth. If YOU make over $48,475 a year, you are paying a higher tax percentage than the rich are, assuming the rich are smart and taking their "income" as capital gains...

Marginal rates. For tax year 2025, the top tax rate remains 37% for individual single taxpayers with incomes greater than $626,350 ($751,600 for married couples filing jointly). The other rates are:

• 35% for incomes over $250,525 ($501,050 for married couples filing jointly).
• 32% for incomes over $197,300 ($394,600 for married couples filing jointly).
• 24% for incomes over $103,350 ($206,700 for married couples filing jointly).
• 22% for incomes over $48,475 ($96,950 for married couples filing jointly).
• 12% for incomes over $11,925 ($23,850 for married couples filing jointly).
• 10% for incomes $11,925 or less ($23,850 or less for married couples filing jointly).

Capital gains tax rates
Net capital gains are taxed at different rates depending on overall taxable income, although some or all net capital gain may be taxed at 0%. For taxable years beginning in 2024, the tax rate on most net capital gain is no higher than 15% for most individuals.
A capital gains rate of 0% applies if your taxable income is less than or equal to:

• $47,025 for single and married filing separately;
• $94,050 for married filing jointly and qualifying surviving spouse; and
• $63,000 for head of household.

A capital gains rate of 15% applies if your taxable income is:

• more than $47,025 but less than or equal to $518,900 for single;
• more than $47,025 but less than or equal to $291,850 for married filing separately;
• more than $94,050 but less than or equal to $583,750 for married filing jointly and qualifying surviving spouse; and
• more than $63,000 but less than or equal to $551,350 for head of household.

However, a capital gains rate of 20% applies to the extent that your taxable income exceeds the thresholds set for the 15% capital gain rate.

There are a few other exceptions where capital gains may be taxed at rates greater than 20%:

1. The taxable part of a gain from selling section 1202 qualified small business stock is taxed at a maximum 28% rate.
2. Net capital gains from selling collectibles (such as coins or art) are taxed at a maximum 28% rate.
3. The portion of any unrecaptured section 1250 gain from selling section 1250 real property is taxed at a maximum 25% rate.

 

You don't need data, you need common sense. You need to work on that.

 

And if they do it right (like I did), you divert as much as you can into a Roth IRA and pay NO TAX AT ALL on it.

You sell a house, the first $250k in capital gains is 0 (per person, so a couple can sell for $500k over what they bought it for and pay no tax on it. AND you can do this every 5 years. It does have to be your primary residence for a least 2 of those years however.

So you buy a house (new construction in a growing market area) for say 300k, put it in your name, and you and your wife live there. 2.5 years later you buy another same deal, put it your wifes name and move into it and rent the other out. 2.5 years later you sell the first one (for probably near 500k - made 200k tax free) and buy another again new construction in a growing market area for 350k, move into it, rent the other, and do this every 2.5 years and frankly you can live off your house tax free - minus what ever rent you take in that exceeds your house expenses - which frankly will probably be a wash if you financed the house rather than paying cash for it.

 

Work your way up to post 326 and 328. Then tell me this again...

 

If this is enforced then it will cut down on a source of cheap labor that many of the questionable 1099 companies rely on to function. Without a pool of cheap labor then their business model is effectively shut down.

 

I should also point out that if "the rich" keep their "taxable income" below this:

more than $94,050 but less than or equal to $583,750 for married filing jointly
Then the top capital gains is not 20% but only 15%, so they get another 5% out meaning they are paying 3% more than someone making 12k a year...

 

That's why the political pressure should be on work visas migration not on the English proficiency for the purpose of protecting the job market. Safety can be argued as the primary reason for the enforcement but, let's admit, it is more of a cover for ridding of foreign drivers than about safety concerns. Since that political pressure is too difficult to muster then using the backdoor will have to do for now.