Belnak

Belnak t1_ja8tl07 wrote

The standard deduction is what the government expects someone making the median income to have as legitimate non-taxable expenses. If you're making >$300k, your legitimate deductions are likely multiple times that amount. Talk to a tax lawyer (not an accountant). It hurts to see someone just voluntarily forking over their rightful income to the government. If you're doing it out of benevolence, there are likely charities that directed contributions to can provide far more efficient use of the funds.

−5

Belnak t1_j8kqbk2 wrote

Think of it like this... If a pipeline runs to an east coast port to fill up ships to export to Europe, and another pipeline is set up in Los Angeles to distribute product from the Persian Gulf to gas stations, it's easier to keep doing that than to send a super tanker that doesn't fit through the Panama Canal from that east coast port, around South America, to get it to the port of LA. That's just a hypothetical example, but most of our petro infrastructure was developed before we discovered fracking and started producing enough to cover our needs, and it's expensive to redo everything.

2

Belnak t1_j8jlnwa wrote

Yes, self-sufficiency would mean we can cut ourselves off from the global market. We can't. Just because we pump enough crude doesn't mean we're able to refine that crude and distribute its products internally. That's why we import about as much as we export. The infrastructure that is in place isn't structured to allow us to use what we're pumping, and too much infrastructure that is in place is structured around imports. There's no financial incentive for companies to tear apart what exists and rebuild it for self-sufficiency.

2

Belnak t1_j8i54yv wrote

Negative net imports doesn't mean self-sufficient. If we're continuously importing just as much, or more, than we're exporting, we're not relying on our own supply, and don't have the infrastructure in place to use our domestic product. Self-sufficiency would mean we can stop importing oil and separate ourselves from OPEC's pricing monopoly. We cannot.

1

Belnak t1_iyagmva wrote

We use our house email address for all of the stuff house related. Amazon, our power company, the phone company, internet provider, etc all already know where we live. Think about how much junk mail you get... your home address is not private. In fact, if you own the home it's public record.

1