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coltboostin

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Posts posted by coltboostin

  1. Nope... This is actually fairly common for dual income households where both are equivalent ("higher") earners... Tax rates are based on single incomes... When you have two similar incomes, the combined income is taxed at a lower rate individually than it would be for the same total income of a single earner at that rate... So that difference is owed to Uncle Sam. The "marriage penalty"...

     

    IE: if my wife and I pay 30% in taxes on our individual pay checks... If those paychecks were from a single earner, it would have been 35%... So we owe that 5% difference because of the way tax laws are set up.

     

    So you make over 130k joint? At that point with just one child-you basically get nothing back. I am not sure how the numebrs work with multiple kids. I dont think it matters if its made solo or not if you file jointly. I am going to have to deal with juggling that this year.

     

    Agree. Wife and I when she was working (she was self employed) were pretty close income levels and with Zero deductions on my end and her paying quarterly based on previous year and a little extra account for her earning more, we often still owed. Really all depends on what you make as a household. I agree with Kirk's statement earlier, that people's opinions on household income vary greatly. What one person considers doing well may be peanuts to others.

     

    Being Self employed really gives you an edge in the tax department. If your creative, unless you have a corp. that makes money hand over fist, you can write off almost everything any given year.

  2. This is true. I was on unemployment, and honestly when you factored in time/money of commuting and childcare while I worked, I was basically ending up with the same money on unemployment that I was when I was working. Difference is, I eventually got annoyed of sitting around and doing nothing after a few months, but a lot of the jobs I looked at were worthless. I made more on unemployment.

     

    You PAID INTO unemployment. I consider that far more admireable than welfare.

     

    Agree completely... my combined household income puts me just under being in the "top 10%" (amazing how low that income is IMO)... I am not rich, by any means.... I claim zero, have no special sources of income, etc... I claim zero, paying the max amount in taxes (about 30% per paycheck), and I get to then pay an extra $3,000-4,000 as a bill every spring...

     

    You talk about making me pay more? Here's a reality of how extravagant my life is:

    No cable TV

    take our 2 kids to a babysitter to afford daycare

    eat out for food about once every other week

    Modes house in a modest cookie cutter neighborhood in a middleclass town..

     

    yea I'm the rich evil guy that needs to pay my share, LOL

     

    You have 2 kids, withhold 30%, and you still owe?? You Must be 1099, PIAD as fuck, or have a horrible tax guy.

  3. The problem with this is, everyone is okay with more taxes as long as THEY aren't the ones having to pay it. When you start talking about increasing everyones taxes suddenly it's a problem and not okay. Do I think they have extra to pay sure, who doesn't at that income level but if you were making that much you'd think it's BS.

     

    The real issue with taxes is the government has a blank checkbook. Start cutting programs and insane spending on junk that is wasted before you start rasing taxes. Once you have got the budget inline, THEN look at what needs to be changed on taxes. They could probably reduce taxes if they really fixed the problem..

     

    I agree 100%-but how can we ask form program change not being an elected official? They do what they want basically unchecked by the people that elected them?

  4. Just curious but did it come with that red permatex on there or did you add that to seal it better? The reason I ask is the turbo I bought (different type) doesn't have any and I wonder if I should add it.

     

    See if it has an O ring. If it does not-boost leak test it. some seal great (like my GT42) some seal like shit (China Shit, Master power...ect)

  5. I think what would be "fair" is for everyone to be taxed at the same rate. That would free up income for people to donate to charities if they choose to do so and I believe that people would if they had the ability. This would also enable people to donate to charities that actually help people and not donate to charities that just hand out money to make you feel better. As it stands now really a tax is just a cut of your pay that the government is taking in order to give it to the charities that they choose. .

     

    ??

    Schools are Charities?

    Law Enforcement Local/State/Fed is a Charity?

    Our Military is a Charity?

     

    That’s a pretty whacky way to look at things. As for a "par" tax rate-disposable income drives an economy. You want more consumers with more buying power. The minimum wage less 40% is not even a living wage. On the other end, someone with 10 million in income can only consume so much. 170 Families with 60k in income can consume VASLTY more than one Family with 10 Million. That is why the top 10% are tax, and should be taxed more.

     

     

     

     

    I think the government should do what Roosevelt did in the 30's (to pull us out of a depression), anyone who wants to work, give them a job. Even if its the most bullshit job on earth, at least your earning money. For those who don't want to work, well then they don't need government assistance. .

     

     

    I like that, but Republican whiners will say that’s too close to socialism,

     

    Welfare?? BAD

     

    People actually WORKING for a paycheck? BAD

     

    Solution?

  6. Speaking of reality checks....

     

    How much in taxes do you think are collected from the "middle class" annually?

    and How much in taxes do you think are collected from "the wealthy" and corporations annually?

     

    30%

     

    Maybe 40%, but if you knwo what to do with your money 20-30%

     

    Does anyone have stats on this?

     

     

    People like to throw the poor under the bus, but they HAVE to be DEALT with. For everyone that shames welfare, Medicare, and other government assistance programs, I have not seen one viable way to fix the problem. There WILL be poor people in any society- and the handling of them is a key question to the health of the society as a whole. When you don’t property maintain the poor is when you turn into a Iraq, a Turkey....ect. I am working with a guy right now who has 540k in w2 income YTD, and has paid some 110k in taxes. He himself admitted to me he thinks he should be taxed more, and after his write-offs will receive a 5 digit tax return.

     

    It is what it is. It’s nice if you can motivate people to work, but

     

    1) You can’t "teach" motivation

     

    2) There are not enough jobs for every employable unworking individual. Full employment is not possible in this country, not even close

     

    My question- to those who think the top 10% should not e taxed any more-

     

    1)What do you think they really pay now-less write offs, not including fringe benefits, not including money that goes untaxed into offshore account?

    2) What do you think is a “fair” tax amount for the top 10%?

  7. We just have a ton of fuel points that are going to expire and dont want to loose like $15-20 in fuel perks. If I round anything up, Ill let you know after Im done with them. Ill just need some for a month or so

     

    Your going to bring 55 gallon Drums to Giant Eagle?? :lolguy:

     

    Excellent!

  8. Credit union constraints on what i can afford as a monthly payment. If I go 2009 or older loan term drops to 3 years. I was hoping to keep it at the 4 year mark.

     

    Then maybe you should not spend so much? Or, find a different bank.

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    CTS-V. I forking love mine.

  9. I have a HF 180- since 2004! This has build (in part) every car I have build-and used as the main welder for the cage that saved my life.

     

    I has died, twice, and we had to hodge podge pars from a doner miller. I would say yes, but USE GAS- its a terrible flux wire welder. (no one should be doing that anyways IMO

  10. I don't think they are claiming the fastest manual car, but the fastest manual Mustang.

     

    Right in their description.

    'We believe this to be the world's fastest pass for a mustang on a true ( synchronized ) manual transmission!"

     

    Thats what I am saying-just suprsing if thats true considering all the big turbo and LSX/T56 cars out there....

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