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Roughly look at my taxes this year

i am herdman

i am herdman

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Mar 5, 2006
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Damn, they take a shi* load. I am glad there are some lazy bum asses in this country I can help support.

Goood gawd bend me over and don't use any lube.

As Walden used to say BUMS

Then the Democrats have a certified hippy socialist who wants more? He can kiss my ass.
 
i am herdman said:
Damn, they take a shi* load. I am glad there are some lazy bum asses in this country I can help support.

Goood gawd bend me over and don't use any lube.

As Walden used to say BUMS

Then the Democrats have a certified hippy socialist who wants more? He can kiss my ass.
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You make in excess of $250,000? I didn't think so. Far as I know, marginal tax rate under Sanders doesn't effect people until that plateau is reached.
 
extragreen said:
You make in excess of $250,000? I didn't think so. Far as I know, marginal tax rate under Sanders doesn't effect people until that plateau is reached.
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Serious question: Do you think a person who makes $250k/year is rich?
 
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extragreen said:
You make in excess of $250,000? I didn't think so. Far as I know, marginal tax rate under Sanders doesn't effect people until that plateau is reached.
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250K isn't rich. Maybe up in the holler it is. Not everywhere. But, if you think takng 1/3 or more of someones income at 250k is highway robbery.


You need to get out more.
 
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murox said:
Serious question: Do you think a person who makes $250k/year is rich?
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No. Plus marriage. That is two people with good jobs pulling in a buck and quarter each. With a couple of kids and house.

Not rich. This stuff is ludicrous. I am going to start firing people.
 
murox said:
Serious question: Do you think a person who makes $250k/year is rich?
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No. On it's face, I get why people making the median income would assume that, especially if we're talking gross & not net (then absolutely not.) Don't get me wrong, it's comfortable, but not Rick James level income.
 
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I think there's a distinction that needs to be made. Making $250,000 is good income. Rich has more to do with accumulated wealth. Accumulated wealth is where the security is. Good income is nice and gives you the potential to be rich over time, but it certainly isn't rich without the accumulated wealth.
 
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wisemaniac said:
No. On it's face, I get why people making the median income would assume that, especially if we're talking gross & not net (then absolutely not.) Don't get me wrong, it's comfortable, but not Rick James level income.
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250K is not all hookers and blow.
 
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GK4Herd said:
I think there's a distinction that needs to be made. Making $250,000 is good income. Rich has more to do with accumulated wealth. Accumulated wealth is where the security is. Good income is nice and gives you the potential to be rich over time, but it certainly isn't rich without the accumulated wealth.
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Not to take into account most people making 250K are working their asses off to do it. The more you make the deeper the bull shi* gets.
 
the bigger problem we have is the clowns running the show in DC.Year after year they find ways to spend more and more money on crap we don't need much of the time. Everyone understands we need roads and bridges and a military etc. What we don"t need is more million dollar studies on the effects on the environment from cows farts.
 
i am herdman said:
Not to take into account most people making 250K are working their asses off to do it. The more you make the deeper the bull shi* gets.
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I don't want to be THAT guy, but you are exactly right. I had employees miss three days of work with the snowstorm because they couldn't get out of their driveway. I mean...SHOVEL IT ALREADY! One guy kept saying how bad it was where he lived (Pea Ridge). I live within three miles of him as the crow flies. Unless there was some kind of Pea Ridge weather anomaly I got the same snow. But I was able to get anywhere I wanted. I think the "I wanted" part is the key.
 
You don't make good money by not doing anything unless you are a lucky sperm cell. Not many people are lucky sperm cells.
 
I'm getting rocked on taxes this year. Lots of rules negatively impacting me (make too much to deduct certain things like student loan interest, some AMT, etc)...

I'm very wary of making new tax rules that I think are trying to appeal to the masses and intended to effect ridiculously wealthy people, but end up really impacting me - a guy that hadn't been able to save a cent for retirement until his early 30's, buried in student loan debt, but now making good money. I didn't inherit any wealth, I've worked my butt off for it. I don't make CEO money or shuffle money around in the market making capital gains. I get a W-2.

I am incredibly fortunate and have a wonderful life and am happy with my paycheck. Am I glad to be in my tax bracket? Yes. I'm even willing to consider increasing capital gains tax rates, because I can see a legit argument that people that make their money off of capital gains should not be taxed a rate lower than what I make doing my 7 to 5:30/6 job. But lots of these rules or items proposed by Sanders or whomever intended to go after hedge fund managers or trust fund kids can really negatively impact me and my family.

I know I'm not struggling - but I don't feel "rich." I work more hours than most people I'd wager. I'm on home call on a cell phone basically year round, 24/7. We drive mazdas, rarely take vacations, etc. I'd like to keep more of what I make, though. When you make rules that affect these top 1-5%, it really does impact professionals with lots of student loans and minimal earning/savings power in their 20's-30's that are way behind on retirement.

I'm not looking for sympathy, I'm just explaining why I'm really not in favor of lumping someone making 250K with someone that makes 1.5 million. Worlds apart.
 
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250K is not rich. But I'm a little different on this I don't understand if you actually are rich why we think it's ok to continually raise their tax rate and take more of their money. I don't understand that mentality. What gives you the right to say well you make too much money so we are going to take more of your money because you are rich. If you are someone who is very successful and actually make a ton of money that it's somehow our right to take more and more and more of their money is ridiculous.

It's nothing more than jealousy and a way for people to somehow get even with all those evil rich people.

I'm not rich but I do well and I work very hard for my money and I pay a boatload in taxes.
 
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caliherd said:
250K is not rich. But I'm a little different on this I don't understand if you actually are rich why we think it's ok to continually raise their tax rate and take more of their money. I don't understand that mentality. What gives you the right to say well you make too much money so we are going to take more of your money because you are rich. If you are someone who is very successful and actually make a ton of money that it's somehow our right to take more and more and more of their money is ridiculous.

It's nothing more than jealousy and a way for people to somehow get even with all those evil rich people.

I'm not rich but I do well and I work very hard for my money and I pay a boatload in taxes.
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so you think the guy that has taxable income of $1,000,000 should pay the same rate as someone that makes $20,000?
 
murox said:
Serious question: Do you think a person who makes $250k/year is rich?
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Yes. But that's from my perspective. Anyone who can work 1 out of 5 years and still make the same money I do seems rich to me. It's interesting that of those with investable assets worth $1 million to $5 million, only 28% consider themselves rich. Of those with $5 million or more in investable assets, 40% do not consider themselves rich.
 
For CarlHungus (if I remember is a doctor?)......

1916088_1539255796394913_6151934624397242580_n.jpg
 
extragreen said:
Yes. But that's from my perspective. Anyone who can work 1 out of 5 years and still make the same money I do seems rich to me. It's interesting that of those with investable assets worth $1 million to $5 million, only 28% consider themselves rich. Of those with $5 million or more in investable assets, 40% do not consider themselves rich.
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50 grand a year in Wayne WV is not the same as 50G in California, New York, or even Charlotte NC.
 
extragreen said:
You make in excess of $250,000? I didn't think so. Far as I know, marginal tax rate under Sanders doesn't effect people until that plateau is reached.
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He might be saying that now, but no way to afford all that he is wanting without taxing everyone more. You can only get so much out of those at the top.
 
i am herdman said:
50 grand a year in Wayne WV is not the same as 50G in California, New York, or even Charlotte NC.
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I haven't researched it but I doubt there are many places in this country where the cost of living is 5x what it is here.
 
Herdit44 my post was about raising taxes from above what wealthy people are paying now. Every program the government wants to implement or enhance the answer is increase taxes on the rich. Increase taxes on the rich, that's always the mantra. My point is the rich pay enough. Figure out another way to get the money for your programs or don't do it.
 
caliherd said:
Herdit44 my post was about raising taxes from above what wealthy people are paying now. Every program the government wants to implement or enhance the answer is increase taxes on the rich. Increase taxes on the rich, that's always the mantra. My point is the rich pay enough. Figure out another way to get the money for your programs or don't do it.
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Are we, or are we not paying less taxes now than in the 50's?
 
extragreen said:
That's not the entire story. If he raises your taxes by $5000 and saves you $10,000 in healthcare premiums, has he helped your situation or not?
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That wasn't the question. But to answer your question yes overall it would help situation but I'm not paying anywhere near $830/month in insurance premiums nor anywhere close to 415 for hat matter
 
herdit44 said:
i meant same rate, kind of curious what he meant though since he said richer people shouldn't pay more of their money, i guess one could infer he meant the same amount.
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My post wasn't hard to read it was about increasing taxes on the wealthy from where they are now, it was very easy to ascertain that from reading my post. I feel the level the rich are taxed at right now is fine. I don't think because someone is rich that the federal government is entitled to 50 or 60% or more of their money.

But to answer your question no I don't think a person making 20K should pay the same amount as a person making a million dollars. But under no system would that ever happen.
 
herdfan429 said:
That wasn't the question. But to answer your question yes overall it would help situation but I'm not paying anywhere near $830/month in insurance premiums nor anywhere close to 415 for hat matter
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In which case it's not likely that your taxes would increase anywhere near $5000.00
 
I think I've figured out the disconnect as to why elected officials think people making $250k are rich. Seems like a good number get a government salary under that but somehow during their time in office they've amassed a fortune.
 
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