We make 250,000/year. I'm not a f***ing billionaire

Seriously bro, you could cut some of your expenses and spare some money. Besides, where is the mention of how much your wife makes, couldn't she chip in. And there called loans, your kids can go into debt for their education just like the rest of us. Get a life.

10/10!!!

cmon dude... wrote:

OP, can you post your yearly income and expenses? This will help us analyze your budget to see where you're wasting hundreds of thousands of dollars. You base success on luxury cars and expensive vacations. Nobody can really afford those anyway. Housing situation? Are you paying full tuition on your kids' education? Lots of questions to be answered before anyone feels sorry for you. You should be able to reel in your expenses back to less than 50k a year.

Thank you. Amazing how everybody ideologizes the OP--in line with his own attitude--rather than actually trying to figure out his individual situation.

My own first thought was: isn't most of that support for the mother-in-law considered a personal gift, and thus a deduction? Or can't it be restructured that way?

My second thought: This guy would benefit from a good accountant.

I have averaged over 150K a year for the past 10 years but in 2011 I made a little over 300K. I don't have a problem paying taxes but I do have a problem with how my taxes are being spent. We can't raise taxes enough to keep up with our current spending much less pay off the debt.

I would be happy letting the Bush tax cuts expire which would bring in an additional 500 billion the first year if the government could cuthe same 500 billion from the budget. Then and only then would we be making a dent in our debt. Problem is we will raise taxes and our debt will still get higher.

Lets raise taxes to pay down debt, not so we can spend more money. With this approach it's everyone helping towards the solution, not just the so called "rich".

Here's an interesting article. The takeaway point: "Since 1981 we have embarked on a national project of transferring wealth from the bottom and the middle to the very top. To accomplish this we have slashed taxes, ballooned the national debt, demonized unions and working people as greedy takers and romanticized the rich as job creators."

http://www.minnpost.com/community-voices/2012/09/redistribution-wealth-has-gone-upward-not-down-early-80s

Amazing how everybody ideologizes the OP--in line with his own attitude--rather than actually trying to figure out his individual situation.

The OP is a troll, looking to make a political point (or at least stir up some controversy) - he/she is not a real person, and the financial situation is not real.

Most posters have realized this and are making the most of an opportunity to slam a couple of political points themselves.

I don't have a problem paying taxes but I do have a problem with how my taxes are being spent.

I've asked this before, hopefully this time I'll get an answer: what, specifically, do you not like about the way your taxes are spent?

This is arrogance, this assumption that every married breadwinner and father all agree on this. Off the top of my head, I know married father of four with a mortgage whose household income is slightly under the OP's, and he supports Obama through and through. I know another married father with a mortgage who makes what the OP makes a few times over, and he supports Obama through and through, even though his household income taxes will rise under Obama's plan. So don't think you speak for everyone in your lot.

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.

Why does everyone need a car? Why does everyone need dad to pay the insurance? If he wants to do that, great, but don't act like it's a necessity because, somehow, most families get on without dad paying for five insurance policies. And what's granny doing? Does she need walking around money, too?

Monaco, for instance.

Oh woe is me, I have to pay more taxes. I am the only bread-winner of the house and I have to pay for my lazy wife and 3 spoiled kids. I have to pay for their car payments, car insurance, cell phones, food, shelter, condoms for my daughter's boyfriend and sons, and spending money for everyone.

Of course there is no way my wife and kids should work like other Americans, they should be entitled because they are rich.

Smooth Daddy wrote:

No one has any business passing judgment on how much money anyone else should need. I'll bet most of you would LOVE to have more money.

And you supported Latrell Sprewell when he rejected $7 million a year, because he had "kids to feed"?

How do you transfer wealth from the bottom? There's no wealth to xfer.

Amazes me that the top 5% of wage earners pay something like half of all income tax, but that's not enough for you people. I would warrant the top 10% of wage earners also pay half of the property taxes paid in this country. Keep pushing the producers & keep your hands in their wallets. When the leeches finally kill the host...

What's really scary is the O admin. knows just as little about business & economics as their constituency. So a guy like me with over $250k in gross S corp revenue will at some point be looked at as "rich", even though my net income - after overhead & expenses - is way short of $250k. When you have dullards & marxists in charge, terms like 'net' & 'gross' and 'overhead' probably don't matter much..

Daddy will you buy my boyfriend more condoms? We ran out because I had a few more guy friends use them. One more thing we need more gas money and I need $500 for our University's sports pass.

Also, how dare those lazy poor people and the unfortunate want to tax us more, we work hard for our money right daddy? I especially work really hard, oh and daddy I need another $200 for my hair and nails, I have to look good for the party after the football game.

love you daddy,

"don't tax the rich"'s daughter

My wife and I make a combined $220K annually. With kids in college and supporting my aging father, there's not a lot extra around here. I also am sick and tired of the "class warfare" mentality that permeates our country. So what if I make more than you? Perhaps it is because I studied my a$$ off in JuCo, then transfered to state school on a scholarship, still racked up student debt, studied while you partied, and worked some stinking long hours to get ahead while you ran your 100 mile weeks. We all make choices. You are where you are because of your choices; I am where I am because of mine. So don't be jealous of my success if you didn't put in the work that I did.

How have corporate profits faired under Obama?

I'm still reading through this thread, but I wanted to chip in early - my wife and I make 260k or so, combined. We are, well, flooded with money. And we live in Manhattan - one of the most expensive places in the country.

We have one child - he goes to public school. Our mortgage is down to $150k. We have a car, but it is 6 years old and we bought used for $16k. We save 15% of our money into retirement accounts. A luxury is a 10 day trip to europe every year.

And still we have tons of money.

So to the OP...well....you spend too much.

meatandveggies wrote:

My wife and I make a combined $220K annually. With kids in college and supporting my aging father, there's not a lot extra around here. I also am sick and tired of the "class warfare" mentality that permeates our country. So what if I make more than you? Perhaps it is because I studied my a$$ off in JuCo, then transfered to state school on a scholarship, still racked up student debt, studied while you partied, and worked some stinking long hours to get ahead while you ran your 100 mile weeks. We all make choices. You are where you are because of your choices; I am where I am because of mine. So don't be jealous of my success if you didn't put in the work that I did.

Who begrudges you for any of that? The President doesn't even want to raise your taxes, and even if Bush tax cats did expire, you'd just go back to the rates in place during the 1990s under Clinton. If those rates were so crushing, how did America survive from 1993 to 2001?

My son is a Long Beach State mechanical engineering grad, lives in Saratoga, CA, and has a salary of $280k plus stock options as a Software Engineer. His salary is typical of that sort of work.

My son is a Long Beach State mechanical engineering grad, lives in Saratoga, CA, and has a salary of $280k plus stock options as a Software Engineer. His salary is typical of that sort of work.

"don't tax the rich"s daugh wrote:

Daddy will you buy my boyfriend more condoms? We ran out because I had a few more guy friends use them. One more thing we need more gas money and I need $500 for our University's sports pass.

Also, how dare those lazy poor people and the unfortunate want to tax us more, we work hard for our money right daddy? I especially work really hard, oh and daddy I need another $200 for my hair and nails, I have to look good for the party after the football game.

love you daddy,

"don't tax the rich"'s daughter

^ +1000

LOL