Split Thread Trickle-down economics

[Roger Ramjets]

Sure thing. Now get back to work.

I'm retired, so I don't have to work. It's also a holiday in NZ today - Labour Day

Labour Day commemorates the struggle for an eight-hour working day. New Zealand workers were among the first in the world to claim this right when, in 1840, the carpenter Samuel Parnell won an eight-hour day in Wellington... The Liberals' industrial conciliation and arbitration system, introduced in 1894, earned New Zealand a reputation of being a 'working man's paradise' and a 'country without strikes'.

Although workers in some industries had long enjoyed an eight-hour day, it was not a legal entitlement. Other workers, including seamen, farm labourers, and hotel, restaurant and shop employees, still worked much longer hours. Many also endured unpleasant and sometimes dangerous working conditions. Unionists wanted the Liberals to pass legislation enforcing an eight-hour day for all workers, but the government was reluctant to antagonise the business community. What the Liberals did do was make Labour Day a holiday.

 

[psionl0]

Uh, the Section 179 deduction is a tax accounting adjustment, not an actual cash payment.

Maybe this is way too difficult for you because you have never bothered to learn bookkeeping before.

When you record a cash payment, you need to list which account(s) the money from the cash (or bank) account is being debited to and the amounts thereof.

Just to go with a different example, when you pay an employee a wage, the following accounts may be involved: "Gross Wage", "Overtime", "Superannuation", "Superannuation Payable", "Tax Withheld".