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  1. #7976
    Join Date
    Sep 2001
    Location
    The Cone of Uncertainty
    Posts
    49,306
    Tents went up at REI?

  2. #7977
    Join Date
    Dec 2009
    Location
    in a box on the porch
    Posts
    5,215
    Quote Originally Posted by Garbowski View Post
    I'll confirm raising kids in Seattle on 250k sucks a lot more than I thought it would.
    No one cares, you jong bitch, pics of your wife's tits is the only remedy.

  3. #7978
    Join Date
    Nov 2005
    Location
    Down In A Hole, Up in the Sky
    Posts
    35,361
    Forum Cross Pollinator, gratuitously strident

  4. #7979
    Join Date
    Sep 2001
    Location
    The Cone of Uncertainty
    Posts
    49,306
    Quote Originally Posted by skiballs View Post
    No one cares, you jong bitch, pics of your wife's tits is the only remedy.
    Seems harsh.

  5. #7980
    Join Date
    Sep 2001
    Location
    The Cone of Uncertainty
    Posts
    49,306
    These people fail up.

  6. #7981
    Join Date
    Sep 2004
    Location
    LV-426
    Posts
    21,126
    Quote Originally Posted by iceman View Post
    Seems harsh.
    Iceman sympathizes with the $250k earners.... in jeans.
    Quote Originally Posted by powder11 View Post
    if you have to resort to taking advice from the nitwits on this forum, then you're doomed.

  7. #7982
    Join Date
    Mar 2006
    Posts
    19,814
    Spike low needs to hold tonight . Up day tomorrow will be pretty bullish.

  8. #7983
    Join Date
    Dec 2009
    Location
    in a box on the porch
    Posts
    5,215
    Quote Originally Posted by iceman View Post
    Seems harsh.
    Have you seen his wife's tits?

  9. #7984
    Join Date
    Sep 2001
    Location
    The Cone of Uncertainty
    Posts
    49,306
    No, and you have a point. Let's see 'em.

  10. #7985
    Join Date
    Mar 2006
    Posts
    19,814
    1.5% range in the stock futures tonight. Thats 450 Dow points

  11. #7986
    Join Date
    Sep 2001
    Location
    The Cone of Uncertainty
    Posts
    49,306
    The beauty of that is we'll see what happens tomorrow.

  12. #7987
    Join Date
    Sep 2005
    Location
    Not in the PRB
    Posts
    32,785
    Quote Originally Posted by El Chupacabra View Post
    Iceman sympathizes with the $250k earners.... in jeans.
    I think he sympathizes about the paltry sums they have.
    "fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
    "She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
    "everybody's got their hooks into you, fuck em....forge on motherfuckers, drag all those bitches across the goal line with you." - (not so) ill-advised strategy

  13. #7988
    Join Date
    Nov 2005
    Location
    Down In A Hole, Up in the Sky
    Posts
    35,361
    Anyone got a link?
    Can’t find anything
    Forum Cross Pollinator, gratuitously strident

  14. #7989
    Join Date
    Jan 2010
    Location
    2 hours from anything
    Posts
    10,732

    Is the stock market going to tank?

    Quote Originally Posted by sirbumpsalot View Post
    I don't know....they paid $114,000 in taxes. Figure the state income tax was ballbark $31,000 and the prop taxes are $22,000 thats $53,000, capped at $24,000 leaves $29,000 @ 45% total tax rate or ~$13,000 extra in taxes per year. For a Baller thats noise.....certainly not enough to convince them to downside from their $1.6M Mansion to a 1300 sqft foot condo nor sway another baller from doing the same thing.

    Also notice they paid $114,000 in taxes out of a $350,000 income....so much for the "rich don't pay taxes argument"
    They aren’t rich, upper middle class wage slaves. Take a look at what their bosses who own the company and make millions per year pay under the new tax laws. A LOT lower % than their employees. The real tragedy of the favoritism towards capital gains / trust funders over working for a living.

  15. #7990
    Join Date
    Mar 2006
    Posts
    19,814
    Stock futures working a 2.25% range today. Risk is a huge rally from here to new highs in a hurry

  16. #7991
    Join Date
    Feb 2011
    Posts
    771
    You got this, Gold.

  17. #7992
    Join Date
    Mar 2006
    Location
    Beaverton, OR
    Posts
    1,337
    Quote Originally Posted by neufox47 View Post
    They aren’t rich, upper middle class wage slaves. Take a look at what their bosses who own the company and make millions per year pay under the new tax laws. A LOT lower % than their employees. The real tragedy of the favoritism towards capital gains / trust funders over working for a living.
    Just keep redefining "rich" until it meets your narrative...lol

  18. #7993
    Join Date
    Jan 2008
    Location
    The Queen City North Carolina
    Posts
    1,436
    Quote Originally Posted by sirbumpsalot View Post
    Just keep redefining "rich" until it meets your narrative...lol
    Here's the thing. Making 250k per year does make you 'rich" comparatively speaking. What you are really arguing is being a W-2 wage earner vs deriving income from LTCG and other investments. Obviously the tax code is heavily tilted towards not earning your money working for a w-2. As someone famously pointed out to Shaquille O'neal, you're rich but the guy who signs your checks is Wealthy.
    It does suck to be a high earner and constantly hear the drum beat that the rich don't pay taxes. When in fact, people who have high income jobs watch 6 figures paid in taxes while reading about Amazon corp paying 0.
    I believe that government needs revenue and the tax based should be broadened.
    In North Carolina, they went to a simple flat tax with essentially no deductions. Tax your standard deduction which helps low income folks, multiply the difference by 5.25% give or take and that's what you owe. It doesn't matter if you own or rent, have kids or not, run a business or work for the man. They got rid of deductions for 529's, boat registrations and car tax etc.
    There was some grumbling early on, but it seems to work. All the while they dropped the rate from 7.75 to 5.25%.
    The budget surplus also enabled them to double the standard deduction for 2020 which really helps low income folks.

  19. #7994
    Join Date
    Dec 2008
    Posts
    821
    ^i Know that flat taxing puts one to the right of ghengis Khan, but Jesus that seems like a fair solution

  20. #7995
    Join Date
    Dec 2003
    Location
    Nhampshire
    Posts
    7,762
    Quote Originally Posted by NWFlow View Post
    ^i Know that flat taxing puts one to the right of ghengis Khan, but Jesus that seems like a fair solution
    Eliminate cap gains being a different tax rate, restore inheritance taxes and repeal Trump cuts (ideally Bush as well) and all revenue problems go poof. Flat taxes are regressive.

  21. #7996
    Join Date
    Feb 2011
    Posts
    771
    Im 4 weeks into trading options and Im making about $.03 per hour, uggh.

  22. #7997
    Join Date
    Oct 2003
    Location
    Looking down
    Posts
    50,491
    Quote Originally Posted by NWFlow View Post
    ^i Know that flat taxing puts one to the right of ghengis Khan, but Jesus that seems like a fair solution
    Yeah, explains why NC has just been proclaimed as having the worst infrastructure in the east, and, wow, the schools produce some of the smartest movers and shakers in America.

  23. #7998
    Join Date
    Dec 2008
    Posts
    821
    Quote Originally Posted by schuss View Post
    Flat taxes are regressive.
    You're right, of course

  24. #7999
    Join Date
    Oct 2003
    Location
    slc
    Posts
    17,891
    Quote Originally Posted by schuss View Post
    Eliminate cap gains being a different tax rate, restore inheritance taxes and repeal Trump cuts (ideally Bush as well) and all revenue problems go poof. Flat taxes are regressive.
    I'd add eliminate the Social Security tax cap. Otherwise...yep.

  25. #8000
    Join Date
    Sep 2005
    Location
    Not in the PRB
    Posts
    32,785
    Quote Originally Posted by schuss View Post
    Eliminate cap gains being a different tax rate, restore inheritance taxes and repeal Trump cuts (ideally Bush as well) and all revenue problems go poof. Flat taxes are regressive.
    Quote Originally Posted by Dantheman View Post
    I'd add eliminate the Social Security tax cap. Otherwise...yep.
    This
    "fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
    "She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
    "everybody's got their hooks into you, fuck em....forge on motherfuckers, drag all those bitches across the goal line with you." - (not so) ill-advised strategy

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