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You have to laugh so you donít cry. Are people really that stupid???

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You have to laugh so you donít cry. Are people really that stupid???

Old 02-10-2019, 06:24 AM
  #41  
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Originally Posted by anonymous_coward View Post
I guess I am kind of jealous how people like you have no qualms about saddling our country with $22T in debt yet I would feel guilt. Don't you feel bad about leaching off the tax payer?
Incorrect! The 22T debt (actually much higher) is a spending problem. Just like I have guys working for me that make 1K a week, live at home, drive brand new 1500 trucks that cost more than my 3500 Diesel dually 4x4 (yes I need and use this truck), $1,000 latest iPhone and yet live paycheck to paycheck. Spending problem and while I hate the leaches which are part of it the tax money spending is controlled by the likes of AOC.

Originally Posted by anonymous_coward View Post
Let me guess, self-employed for 25 years, lives in a million dollar home, has new cars, boat, kids in private school and $5k to 10k is your TOTAL federal tax obligation for the year? I see this all day long with the vast majority of business owners when it comes time to pony up.

Partially correct! While I and most business owners I know are honest tax payers One year due to the way everything hit my books I had almost 2 years income land on one calendar year. Sucked but I wrote a 6 figure check. I do know a guy who is exactly what you describe.These guys live their entire life this way. Taxes, scams, buying things that "fell off the truck". Not the life for me.

P.S. My apologies if you are one of the few business owners who is honest when it comes to paying their fair share of federal income taxes.
Apology accepted!

Originally Posted by NCSUboater View Post
Slow your role there boss man. You don't know crap about me. Yes, I have a small business, and yes I take every legal tax deduction available to me as set forth by government of the United States of America. Not a thing wrong with that, so to answer your question...no I don't feel bad.

As far as "leaching off the taxpayer"...well, if by that you mean paying more in taxes per year than alot of Americans make, then yeah I suppose I'm a parasite. My wife and I both have full-time salaried jobs at large companies....so don't worry, we don't start working for ourselves until about May.

You post this nonsense in every thread that you feel is even remotely related, and I will respond the same way every time. Small businesses and the self employed are not the reason for our dire debt situation. Government mismanagement of money, and entitlements are the big players. This country's economy RUNS on the back of the self employed and small businesses.

The federal tax code is carefully set up to be a series of incentives. It's up to you to understand them and take advantage as best you can.
Correct! Tax code is complicated and many deductions are really incentives to make the whole system feed itself. Granted, some are not and are loopholes for the rich from political buddies but if it exists for one it exists for all in that bracket. I certainly don't feel guilty about taking any legal deduction. In fact the big new one for this year allowed me to expand management to another guy which created room for a couple others to move up and also created a few new jobs at the bottom. Exactly as the tax break was intended for.

Originally Posted by NCSUboater View Post
If 10k were his total obligation every year and he's self employed, he'd be getting penalized for not filing quarterly estimates and would probably change his tactics within a year or two.

Incorrect! As a small business I never pay quarterlies. I do pay the minor penalties and interest when it's time to pay up. Well worth the minor cost to have cash flow throughout the year. Lack of cashflow is what will stop any business overnight. Been doing this since 1985.

Stick to mortgages.
Originally Posted by NCSUboater View Post
Seriously. I'm so generous I'm paying my fair share and the fair share of probably 10 other families.

Haha...fair share. What a stupid phrase.
Sadly, Correct! As anonymous_coward pointed out in top quote way too many play the system originally intended to help out those who truly need the help.

Everything said here has some truth to it. But here we are bashing each other rather than having a discussion.

In the words of Dr. Evil I will call it ÖÖÖ.."Mini Swamp"

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Old 02-10-2019, 06:58 AM
  #42  
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Originally Posted by anonymous_coward View Post
Let me guess, self-employed for 25 years, lives in a million dollar home, has new cars, boat, kids in private school and $5k to 10k is your TOTAL federal tax obligation for the year? I see this all day long with the vast majority of business owners when it comes time to pony up.

P.S. My apologies if you are one of the few business owners who is honest when it comes to paying their fair share of federal income taxes.
Most of our income is W2 and we pay $70K-$90K in federal income tax every year. I feel like we are supporting our share of parasites.
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Old 02-10-2019, 07:13 AM
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Is there such a thing as a tax/financial thread ban? Asking for a few hundred friends.
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Old 02-10-2019, 07:30 AM
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Originally Posted by OldPete View Post
Was just reading an article... people are very upset that their income tax return is going to be much smaller this year!

You see, if their total withholding was $5000 and they would get a $2000 refund. They were happy.

Apparently, now their total withholding was $3000 and they are only getting a $1000 refund and they are angry that they are getting $1k less.

I was floored.
I have never understood how people can think it's a good idea to overpay their taxes and be glad when the government gives it back. Just had an employee increase his federal withholding because his return was too low; I suggested he put the money in his savings account and give it to himself next year. His answer was he didn't have a saving's account and if he put it in his bank account he would spend it. He's not in the 401K plan because he "can't afford it" I don't think he's going to be happy when he retires.
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Old 02-10-2019, 07:55 AM
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Originally Posted by onewolf View Post
most of our income is w2 and we pay $70k-$90k in federal income tax every year. I feel like we are supporting our share of parasites.
holy sh!&
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Old 02-10-2019, 08:03 AM
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Originally Posted by mikefloyd View Post
I have never understood how people can think it's a good idea to overpay their taxes and be glad when the government gives it back. Just had an employee increase his federal withholding because his return was too low; I suggested he put the money in his savings account and give it to himself next year. His answer was he didn't have a saving's account and if he put it in his bank account he would spend it. He's not in the 401K plan because he "can't afford it" I don't think he's going to be happy when he retires.
a complete lack of self discipline. Last job I had did an annual profit sharing match on our 401kís. It was a multiplier of the 50% match up to 6%. One year the profit share match was 612%. Smallest year ever was well over 200%. Immediately vested. And there were people who didnít contribute. Absolute insanity. Sad part was none of these were low pay jobs.
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Old 02-10-2019, 08:04 AM
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Originally Posted by 1976K204x4 View Post
So you are OK with banning Free Speech??
On a privately run forum, absolutely. Especially if said free speech is either blatant lies or complete ignorance. Given the number of times said the truth has been brought to light, it is no doubt blatant lies at this point.
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Old 02-10-2019, 08:08 AM
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Originally Posted by autobaun70 View Post


On a privately run forum, absolutely. Especially if said free speech is either blatant lies or complete ignorance. Given the number of times said the truth has been brought to light, it is no doubt blatant lies at this point.
I was just bustin ya a little.
It's cold and I'm bored.

I say let the ignorant believe what they want. They're gonna anyway.
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Old 02-10-2019, 08:23 AM
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Originally Posted by 1976K204x4 View Post
I was just bustin ya a little.
It's cold and I'm bored.

I say let the ignorant believe what they want. They're gonna anyway.
they are welcome to believe what they want. I do take issue with them spreading false drivel amungst others though. Especially under the guise of being an ďexpertĒ on the topic.
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Old 02-10-2019, 09:36 AM
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Wife and I just took a first look at our taxes. Between us we made a little less than we did last year, about $45 less, but our federal taxes have increased by about $20k. Primarily due to the 10k cap on state and local deductions.
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Old 02-10-2019, 09:38 AM
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Originally Posted by limey940 View Post
Wife and I just took a first look at our taxes. Between us we made a little less than we did last year, about $45 less, but our federal taxes have increased by about $20k. Primarily due to the 10k cap on state and local deductions.
the blame for that lies 100% with your state and local folks, not the Feds.
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Old 02-10-2019, 10:04 AM
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I am for ending withholding altogether and making everybody write IRS checks quarterly like I do.

Nobody would pay anymore in taxes, they would just be aware of how much they were paying.
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Old 02-10-2019, 10:31 AM
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Originally Posted by Seacat FL View Post
I am for ending withholding altogether and making everybody write IRS checks quarterly like I do.

Nobody would pay anymore in taxes, they would just be aware of how much they were paying.
Yeah cutting those checks is painful. My guess is that most people don't have the budgeting skills to manage. Cripes I read today that most people don't even have $1K in savings.
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Old 02-10-2019, 10:33 AM
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Originally Posted by autobaun70 View Post


they are welcome to believe what they want. I do take issue with them spreading false drivel amungst others though. Especially under the guise of being an “expert” on the topic.

Are you a business owner autobaun70? If so and you are one of the ones low-balling your income to avoid your federal tax obligation, I can certainly understand your concerns with the likes of me bringing this fraud to light. If you are not a business owner, then you need to quit kissing these guys butts and join the movement. South Carolina Fair Tax ? Fixing Tax Collection
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Old 02-10-2019, 10:47 AM
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Originally Posted by anonymous_coward View Post
Are you a business owner autobaun70? If so and you are one of the ones low-balling your income to avoid your federal tax obligation, I can certainly understand your concerns with the likes of me bringing this fraud to light. If you are not a business owner, then you need to quit kissing these guys butts and join the movement. South Carolina Fair Tax ? Fixing Tax Collection
close. Son of a business owner who handles much of the bookkeeping/payroll.

You falsely accuse folks of lying about their income. The reality is you are clueless about the tax code, specifically the section regarding deductions. You see raw numbers in your role and assume they have to be lies or fraud. The reality is they most often represent legally deductible capital assets.

How many large business assets have you stroked the check for in the past few years? Iíve done quite a few. For nearly ever one of them, there is at least one individual employed to run it. Guess what. Get to stroke the check for the employer side of their payroll taxes as well. And their 60-75 co-workers.
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Old 02-10-2019, 10:51 AM
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Originally Posted by anonymous_coward View Post
Are you a business owner autobaun70? If so and you are one of the ones low-balling your income to avoid your federal tax obligation, I can certainly understand your concerns with the likes of me bringing this fraud to light. If you are not a business owner, then you need to quit kissing these guys butts and join the movement. South Carolina Fair Tax ? Fixing Tax Collection
Jeez, does this office clerk ever quit? "Lowballling" your income? Like you just write in whatever you feel like? He has no clue whatsoever. It's not like the IRS doesnt look at the business and what they pay to who and just forget to compare that with individual return or anything. And it's just so much fun when your accountants give you all the forms to sign and you first see what the business paid in taxes then what you've got to pay yourself on the little that's left for you. Kinda like you pay tax twice on the same money?
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Old 02-10-2019, 12:36 PM
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Originally Posted by autobaun70 View Post


the blame for that lies 100% with your state and local folks, not the Feds.
im not in a high tax NE or CA state which is what I think you are implying.

The issue is That a stealthy tax increase was put into place for the many To fund a decrease for the few

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Old 02-10-2019, 01:17 PM
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Had dinner recently with a very successful Wharton MBA grad who expressed that he was unhappy that he was paying less in taxes due to the tax cut

Please explain this level of stupidity

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Old 02-10-2019, 01:44 PM
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Originally Posted by Seacat FL View Post
I am for ending withholding altogether and making everybody write IRS checks quarterly like I do.

Nobody would pay anymore in taxes, they would just be aware of how much they were paying.

And they would go to prison rather than pay up, because of ignorance.

You can't fix stupid, or ignorance, just have to always allow for it in your plans and the nation's plans.

SAD yes.
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Old 02-10-2019, 01:58 PM
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I find it comical that I can be bashed for pointing out how stupid it is to be upset that your taxes went down.

THT never ceases to amaze me.

I almost wonder how many stupids could not do the basic math to figure out the issue.

Whatís next?? Someone upset that gas isnít $20 gal.?


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