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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, 02:16 PM
  #61  
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Originally Posted by Elusive View Post
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
Did you tell him to pay a little extra on April 15th?
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Old 02-10-2019, 02:19 PM
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Originally Posted by Capt Grady 23 Gulfstream View Post
He is probably a Dem who feels he is "taking care of" the less fortunate, but as previously stated, the less fortunate are not being taken care of properly, they just exist.
He may have an MBA but he does not make enough money if his taxes went down. With the lack of deductions rich people are paying more just like Mnuchin said they would.
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Old 02-10-2019, 02:28 PM
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Originally Posted by joe.giuliano View Post
He may have an MBA but he does not make enough money if his taxes went down. With the lack of deductions rich people are paying more just like Mnuchin said they would.
well, yes and no. Most people would consider a dual income or say $600k is rich but people in that category got hit. The real winners are the Ďrealí rich folks that saw the effective tax rate reduce due to a large % of their income being over 600k.
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Old 02-10-2019, 02:50 PM
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Originally Posted by anonymous_coward View Post
I originate mortgages and would say that these poor parasites did pretty well on their savings plan. Sure wish I could save 40% to 50% of my gross income but that wouldn't leave much to live on given I pay my fair share of taxes..
Perhaps my statement confused you. I probably should have stated "undisciplined man's" instead. Your examples have nothing to do with the topic which is about withholding amounts.
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Old 02-10-2019, 02:55 PM
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Originally Posted by Elusive View Post
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
It means he has a conscience, unlike about one third of this country's citizens.
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Old 02-10-2019, 02:58 PM
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Originally Posted by OldPete View Post
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.?


i just saw a perfect example of your "stupid" people on Fox News

"A New York Times writer just wrote the government should ABOLISH billionaires", even though that paper was bailed out two years ago by TWO billionaires, AND his job was either created or saved by billionaires.

Soooooo your point of stupid is exhibited over and over, yet you and others still say "I don't understand" like we are supposed to relate to everyone on the planet, we can not.

Sorry for the disappointment.
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Old 02-10-2019, 03:01 PM
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Originally Posted by GaryDoug View Post
It means he has a conscience, unlike about one third of this country's citizens.
Youríe welcome to donate as much as you want to the IRS, if you think they can do more good with your money then by all means give it away.
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Old 02-10-2019, 03:02 PM
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Originally Posted by Capt Grady 23 Gulfstream View Post
i just saw a perfect example of your "stupid" people on Fox News

"A New York Times writer just wrote the government should ABOLISH billionaires", even though that paper was bailed out two years ago by TWO billionaires, AND his job was either created or saved by billionaires.

Soooooo your point of stupid is exhibited over and over, yet you and others still say "I don't understand" like we are supposed to relate to everyone on the planet, we can not.

Sorry for the disappointment.
We should abolish the New York Times.
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Old 02-10-2019, 04:44 PM
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What is stupid is we are in bigger debt, with a good economy the government should balance the budget no!
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Old 02-10-2019, 06:34 PM
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Originally Posted by Seasir View Post
Youríe welcome to donate as much as you want to the IRS, if you think they can do more good with your money then by all means give it away.
Unless you are disguised as my wife, I don't think I need to have your permission. Thanks anyway.
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Old 02-10-2019, 06:45 PM
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Originally Posted by icyb View Post
What is stupid is we are in bigger debt, with a good economy the government should balance the budget no!
Absolutely, yes! One place where we can begin is to get rid of the proposed needless spending of about $5.7 billion which would only cover about 11% of the total needed to finish the project.
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Old 02-10-2019, 07:52 PM
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Originally Posted by limey940 View Post


well, yes and no. Most people would consider a dual income or say $600k is rich but people in that category got hit. The real winners are the Ďrealí rich folks that saw the effective tax rate reduce due to a large % of their income being over 600k.
The real rich don't pay w2 type income tax. It is sheltered in some way or it is cap gains ans dividends, 20% max.
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Old 02-11-2019, 03:58 AM
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Originally Posted by WeeKilt View Post
............. Iím all for being educated by yíallís immense wisdom... rather than being condescending, offer up a solid plan for 2019, please.
Originally Posted by ChrisW21 View Post
Easiest thing would be lower your deductions and increase your retirement savings. Comes out as a wash at the end of the year but come retirement you'll be better off.
This......

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.
I DON'T need the government to save my money for me. Even in a savings account at the bank, I'll make .5% interest. Your employee has no self discipline and will NEVER be able to retire.

Originally Posted by 1976K204x4 View Post
........I say let the ignorant believe what they want. They're gonna anyway.
I learned from my dad years ago that "you can't argue with ignorance".
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Last edited by FishLife; 02-11-2019 at 02:55 PM.
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Old 02-11-2019, 04:42 AM
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Originally Posted by autobaun70 View Post


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.
Sounds like he doesn't pay his fair share of federal income taxes and you are trying to justify it by how many employees he has on the payroll. Carry on.
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Old 02-11-2019, 05:35 AM
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Originally Posted by anonymous_coward View Post
Sounds like he doesn't pay his fair share of federal income taxes and you are trying to justify it by how many employees he has on the payroll. Carry on.
Are you an idiot? Are you really saying that anyone in the US should pay more than legally required to by law. How much extra do you pay that you aren't required to?

It is more than apparent that you know zero about how deductions work, what their purpose is, and how they apply to many businesses and business owners who operate asset heavy businesses. The short version, you pay for assets with before tax money. This is nothing new. Been going on for ages. In an effort to boost hiring, in other words free up $ to spend on payroll, certain asset classes are for the time being allowed to be written off all at once, rather than over their useful life. This makes the accounting side much simpler, and frees up cash for other purposes, such as payroll.

BTW, guess who gets 7.65% of every employee's wages, plus state unemployment tax, just for social security and medicaid? Figure 50 employees at $35,000/each (low number BTW). That's just shy of $134,000 per year for the privilege of giving them a job, not including unemployment.

Oh, by the way, we are a subclass C corp (2 actually), so it's not possible for your assertion regarding my father to be correct. But carry on. As you have said, you are an all seeing, all knowing mortgage originator.
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Old 02-11-2019, 07:15 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.
Post the article Pete.

I call BS that people who knew enough to change the withholding amounts from one year to the next don't understand the relationship to the refund they receive.
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Old 02-11-2019, 07:26 AM
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Originally Posted by MattGoose View Post
Post the article Pete.

I call BS that people who knew enough to change the withholding amounts from one year to the next don't understand the relationship to the refund they receive.
Most didn't actually make any adjustments. The calculator changed slightly to more accurately reflect projections. Same folks didn't complain about a few extra bucks each week in their check, but now care about a lower refund.
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Old 02-11-2019, 07:34 AM
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Originally Posted by autobaun70 View Post
Most didn't actually make any adjustments. The calculator changed slightly to more accurately reflect projections. Same folks didn't complain about a few extra bucks each week in their check, but now care about a lower refund.
So people had a change forced on them, didn't understand the long term consequences of a choice that they weren't making, and are now in an adverse financial position because they expected to be getting a larger tax rebate than they did.

But they must just be stupid, so screw them. Jesus.

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Old 02-11-2019, 07:53 AM
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Originally Posted by MattGoose View Post
So people had a change forced on them, didn't understand the long term consequences of a choice that they weren't making, and are now in an adverse financial position because they expected to be getting a larger tax rebate than they did.

But they must just be stupid, so screw them. Jesus.
Not my take at all. But I do think anyone that is detached from their financial picture enough so that they don't have a clue occasionally needs a reminder to pay attention. I just can't wrap my head around the mindset of expecting a large refund, much less making financial plans around it. That's not to say they are bad people, but they are pretty dumb. Hopefully this situation of fortune is a much needed life lesson for them.
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Old 02-11-2019, 08:10 AM
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Originally Posted by autobaun70 View Post
Not my take at all. But I do think anyone that is detached from their financial picture enough so that they don't have a clue occasionally needs a reminder to pay attention. I just can't wrap my head around the mindset of expecting a large refund, much less making financial plans around it. That's not to say they are bad people, but they are pretty dumb. Hopefully this situation of fortune is a much needed life lesson for them.
Sorry - I know it's not yours. It's Pete's.

But, then you do jump right in and call them dumb, so maybe pump the brakes a little. You want to say they are uneducated about finances, go for it. But, frankly, most people are.

I think that you forget the level of luxury that we live in. We have the time to stop and think about our financial picture. I spent a long time on running paycheck to paycheck and loan to loan, and little changes can really screw you over very quickly. I loved getting a tax refund because it was the only safety net that I had back then. In no small part because it was a forced safety net.

A bunch of rich dudes sitting around on a boating website call people stupid because they didn't understand the most recent changes to the federal tax code is not a good look.
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