Sounds to me like Granny needs to pick herself up by her bootstraps and get a job. Or maybe her husband should have done a better job of preparing her for life on her own.
Sounds to me like Granny needs to pick herself up by her bootstraps and get a job. Or maybe her husband should have done a better job of preparing her for life on her own.
tom waits wrote:
@ the OP: According to
http://www.worldwealthcalculator.org, you are in the top .1% of the world in terms of income. You are rich. Count your blessings, and accept where you have overspent. Each of your children did not need you to buy them a car and pay their insurance. Living in America does not mean that we are entitled to everything we want. Be thankful that you live in a country where one of your biggest worries is a 3% tax increase.
According to that site, you need less than 133k to be in the top .1%. The smallest percentage they give is .1%, but he is nearly double the income cutoff to make it in. Odds are good he's in the top .01%.
I agree with the OP wrote:
Get married, have children, and come back on here and say this exact sentence. You can't.
Pffft. You should try being a double income, no kid, no mortgage couple. Talk about getting SCREWED by the tax code.
Your adjusted gross income is over $250,000?
pay the taxes, I refuse to cry for you.
photofinish wrote:
Working hard and attaining wealth is one of the most virtuous things there is.
wtf?
Raging Bull wrote:
I agree with the OP wrote:Get married, have children, and come back on here and say this exact sentence. You can't.
Pffft. You should try being a double income, no kid, no mortgage couple. Talk about getting SCREWED by the tax code.
Ha, I was a double income, no kid, no mortgage couple for 3 years!!
Believe me I know!
I'll ask again...can someone argue with this? Seems unfair to me...
welliguess2 wrote:
This guy actually makes some good points. Can someone argue with this? My question would also be, why should people making for $250K have to pay the extra Obamacare tax?
Hands off my $$ wrote:Anytime you only get to keep less than 50% of your income, taxes are WAY too high. I don't care how much you make or what any govt says they need, it is criminal to have to pay more than half of your income in taxes EVER.
Living in Cali
2012 Income -Approx $2 million
35.0% - 2012 Federal Marginal Tax Rate
13.3% - 2012 Calif Marginal Tax Rate ( thanks Prop 30)
48.3% - 2012 Combined Marginal Tax Rate
39.6% - 2013 Federal Marginal Tax Rate (under current law)
13.3% - 2013 Calif Marginal Tax Rate (thanks again Prop 30)
52.9% - 2013 Combined Marginal Tax Rate
56.7% - 2013 tax rate on investment income (+3.8% ObamaCare Tax)
If Obama does nothing and simply let's the current rates expire, the top marginal rate will be 39.6%. I guarantee you, Obama wants it even higher that that.
Anytime you pay more in tax than you get to keep, the system is screwed up.
Once you have had to write a single check for $1+ million to the US Treasury, then you know the pain of govt flat out raping you.
I have been blessed. Made about $8+ million in last 5 years. Have made a lot of $$, but each year my guaranteed income in zero. Could go from $2 million one year to zero the next. Barely over 40 yrs old, but I have had enough. I refuse to let them steal my money any more. Prop 30 passed in CA raising taxes on the rich. That single prop passing cost me $50k in one moment since the tax increase is retroactive for 2012.
I refuse to continue to risk ALL my capital/ net worth running a business, so that IF I can make a profit, I give the govt MORE than half and I get to keep LESS than half. It is just not worth the risk. The worst thing possible is for you to wish your boss be subject to a tax hike. You want your boss to be filthy rich and have to pay fair and reasonable taxes. As it gets too excessive, you may find yourself out of a job (unless you work for the govt). People will lose their jobs when I check out.
TOO many takers in this country. Everybody should pay taxes. Too many people pay no taxes. If somebody doesn't pay for something, then they won't value that thing they didn't pay for. 50% of our country pays nothing for the right to live in the (once) best nation in the world. Those who actually pay for what we have actually value what we have much more.
When the majority votes to take from the minority, true democracy is lost. Our country is lost. A majority of Americans feel they are owed something from the govt and as long as that continues, we will never recover.
I am checking out. I will check back in 4 years from now. If things look more promising, I may rejoin, but if not, I am outta here for good. It is just not worth it.
Obama wouldn't know fair share if it came up and bit him in the ass. Obama can suck it.
I am outta here.
Smooth Daddy wrote:
A true statement is BS in the eyes of a fool.
Don't be so hard on yourself.
I agree with the OP wrote:
John O'Donnell wrote:if President Obama and Congress can get together on a plan to reduce the deficit that would result in a doubling of my Federal taxes, I will do my patriotic duty and pay my taxes without complaining.
Get married, have children, and come back on here and say this exact sentence. You can't.
Let's say your salary is $75,000. You have 3 kids and a wife that doesn't work. Then you're told you need to double your taxes....just think about that.
Everyone who is single shouldn't have an argument here. The OP is talking about taking care of his wife, children, and mother-in-law. That's 4 other people he is completely taking care of. Granted he is getting tax benefits for this, but that's still 5 mouths to feed, 5 insurances to be paid, etc. It ADDS up. Everyone is just seeing the $250k. Alright, divide that by 5. That's $50k per dependent to live on. The college kids eat that up almost instantaneously. He and his wife living on $3k per month each is hardly easy either.
Before everyone bashes this guy, try to understand the circumstances. He's not a single dude living in a bachelor pad. If he was, you can consider him very wealthy. But not under the circumstance. As I've said earlier, in the NICE Chicago burbs, he wouldn't be considered wealthy at all. $250k in some areas, with 5 dependents, could even be considered lower-class.
This guy gets it.
The rest of you are completely unqualified to comment unless you actually have a job, several dependents, a home, etc. You also need to educate yourselves about how different the cost of living is throughout the country.
If you going to stay in the US (not forever but a few years until we all have to leave ) the best place is Texas. We need more producers like you here. Overseas, look at Chile, Carribean islands, Singapore, Switzerland, Australia and New Zealand. Good luck - get out of CA ASAP and start making your overseas plans concrete. You have less time than you think.
sub3over40 wrote:
250K a year is not rich. Those of you who think it is are limited by your own weaknesses and lack of ambition if making money is important to you. I have few observations. 1) It is the producers that create all jobs. You are either a producer or your work for one. People earn what they are worth. That is why Haile's appearance fees are more than yours are. 2) The private economy is 100 % of the economy. The government has no source of revenue except that which is extracted out of the private economy so all government activity is based on money that is stolen and then allocated in a less efficient manner. ( I am not arguing for no government, only that the larger the government is, the less efficient the economy is. ) 3) The more you tax producers, they will attempt to evade taxes, more to lower tax area, work less, or quit. My primary care physician quit this week. He is "retired" - I just got the letter. 4) When people are given things without working for them, they tend to work less or not at all. They become more lazy, less productive and feel like they are entitled to more. 5) We are increasing by leaps and bounds the number of takers and we are not increasing the number of makers. We are discouraging the creation of wealth in every way we can. All countries that have done this eventually collapse. Romney would not have prevented this, he would have stretched it out so we blow up in 20 years instead of 5. 6) America is like a drug addict that has not hit rock bottom. We have to go all the way down to rock bottom before we will change. That is all Tuesday showed us. We will have to have a downfall before we can rebuilt it. You will see the fall of another great empire (we should not be one but we are) in your lifetime. 7) Those of us who see this coming are preparing. We won't be here when it happens and we won't have any compassion for those left behind who voted over many elections (Republicans and Democrats ) for this insanity. The rich won't be hurt. They are smarter than you. That is why they are rich and you are not. It is every man for himself if you want to survive. You have to take care of your family first. We will return and rebuild after the evil of the code of the "common good" is accepted by all. You are getting ready to get everything that you wanted and it will be exactly what you deserve. Enjoy the downfall.
Most ignorant post of the year.
"The rich won't be hurt. They are smarter than you. That is why they are rich and you are not."
Only an idiot could post something like that.
Paris Hilton is smarter than 99.9999999% of people ? Shaq O'neal is smarter than 99.9999999? Fifty Cent is smarter than 99.9999999999% of people? The Walton heirs are smarter than 99.999999999999999999999999% of people? Donald Trump is smarter than 99.99999999999999% of people? GW Bush is smarter than 99.999999999999999% of people? Ryan Locthe is smarter than 99.99999999999% of people?
Need I go on???
People are rich for LOTS of reasons. Being smart is occasionally one of those reasons, but very often intelligence has NOTHING to do with them being rich.
Maybe you are rich and we can add you to the list of rich people who really aren't too bright.
your deductions mean that you are not going to be affected by this, not that there would be that significant a difference by this tiny increase in taxes back to the clinton era: the rich did very well then. five cars is insane, however.
I'm so sick of hearing this Romney-like whining about the "job creators", etc., - the sad burdened rich people and all the judgments he/they make about working class people and the supposed "takers" in this country. Tens of millions of us voted for Obama, we pay taxes too. I don't "take" from the government. I have kids, too, but not 5 cars. Often bike to work, actually. I'm happy you make a lot of money, but am not jealous of what you have, nor do I want what you have.
You make so many judgments of people who make less money than you. Try raising your kids on $50K a year, buddy.
One result of this election was to show the "reality bubble" that conservatives live in. I find it hard to believe that you mix with or understand the realities of people who exist with 20% of your income. Obamacare - finally the poor and people who can't get medical insurance will have access to medical care. Yeah, I bet that gets you mad. Go to church much?
Work hard? So do I. So do people that do landscaping for the rich whiners in this country and the workers that wash the sheets and towels in the hotels you stay in. Try understanding how the 99% live, OK? And if you can't take any more - have a nice time living in.....ah, where are you going?
Thanks for answering the question.Oh wait...
That was such a great story you told though. I enjoyed the rant. Even if he is a millionaire, why should he be paying more in taxes than bringing in? Also, I realize poor people need healthcare, but why should another tax increase be put on the rich to support healthcare for everyone? I'm not looking for an ethical reason of why...I'm looking for a real reason why it's fair?
I usually do not use the word "rich" but was trying to use common language. We have a different definition of rich. I prefer "producers". I don't like many of the people you named but none of them are moochers. None of them are asking me to pay their bills. None of them are asking me to provide their needs or live at their expense. Many of the people you named had to develop their talents even if I am not their fans. By the way, Trump is smarter. That was a bad one to try to make a point with. He built an empire from nothing. I hope you set aside envy and achieve your dreams. The people you named have all done that so they are smarter than the people who have not. What is holding you back?
welliguess2 wrote:
Thanks for answering the question.Oh wait...
That was such a great story you told though. I enjoyed the rant. Even if he is a millionaire, why should he be paying more in taxes than bringing in? Also, I realize poor people need healthcare, but why should another tax increase be put on the rich to support healthcare for everyone? I'm not looking for an ethical reason of why...I'm looking for a real reason why it's fair?
Why is this even a discussion? We already have government boondoggle called Medicaid that covers every poor person in the US. They are already covered!
So far from this thread I've learned that I'm dumb, lazy, and jealous and I cannot comment on someone's situation because I chose to not have 3 kids, and to not take a job in a city with a high cost of living, and to not purchase a condo in the upscale part of said city, and to encourage my wife to keep working after we had kids, and to not buy each of my kids a new car.
middle professor wrote:
So far from this thread I've learned that I'm dumb, lazy, and jealous and I cannot comment on someone's situation because I chose to not have 3 kids, and to not take a job in a city with a high cost of living, and to not purchase a condo in the upscale part of said city, and to encourage my wife to keep working after we had kids, and to not buy each of my kids a new car.
Ah! So you've learned to manage your money wisely!
I agree with the OP wrote:I guess we just grew up in different environments. My parents took care of college expenses, car insurance, etc. I understand both sides, but that's what I will do as well.
They never said go to U of I because it's $15k a year cheaper, instead make your own choice. Call it stupid, but I call that normal.
You are killing me. You talk about your parents never having much money and yet they made enough to send you and your siblings to what sound like fairly expensive schools. That is not normal. It may be normal for students of certain schools and kids of certain income brackets but it is certainly not normal across the board. Similarly some of my classmates had physician parents cut checks for their medical school tuition. Just because it happens doesn't mean it's normal, and just because they can afford it doesn't make it normal either.
FWIW, i'm currently in medical training and making next to nothing, particularly when you consider my liabilities (namely, massive student debt of 150k). Hopefully I'll make between 350k-450k some day soon. To be honest, I have no fvcking idea how I'm gonna spend it all. Lots of things being listed on here as basic necessities that seem like luxuries to me. $1000/month in car payments? Are you fvcking kidding me? Save up and pay cash for something you afford. It kills me when people list things like this as necessities.
the tax increase wouldn't apply to your first $250,000. be happy you're rich and quit wasting our time.
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