grasshopper
Thinks s/he gets paid by the post
- Joined
- Oct 9, 2010
- Messages
- 2,475
Thanks very much!
This is something everyone should evaluate. With the SS payroll tax reverting back to its original rate this year, My part time job will earn me about 30 cents on the dollar when figuring in most of the earned money is in 28% tax bracket, plus all other taxes, transportation cost, and loss of state pension tax credit. So I am done for good here in a few months after I finish up my obligation.
They really don't give much incentive for singles to w*rk do they.
I always thought it was a little strange that most so-called developed countries disenfranchise successful people, those with "high" income.
High income folks are by definition a minority and will always be plundered by the majority. One of the many flaws with democracy. Maybe when enough of us with substantial income move to more tax friendly countries and the political / economic environment in the USA plummits enough you'll understand.
I understand what the word disenfranchise means, which is what you say is happening. Try looking it up.
Disenfranchise also means marginalized.
I always thought it was a little strange that most so-called developed countries disenfranchise successful people, those with "high" income.
High income folks are by definition a minority and will always be plundered by the majority. One of the many flaws with democracy. Maybe when enough of us with substantial income move to more tax friendly countries and the political / economic environment in the USA plummits enough you'll understand.
You're clearly using a different definition. Disenfranchise also means marginalized.Which is quite accurate; money that I lawfully earned is forcibly taken from me, much more so than for an average income person.
This sounds like the beginning of a political diatribe - something this forum prohibits. Rather than continue into that minefield you might want to stick to trying to convince a bunch of millionaires why your method of investing is better than theirs.
Then why are you espousing your investment strategy so adamantly?Quite frankly, I don't care whose investment strategy is better.
Then why are you espousing your investment strategy so adamantly?
Rather than continue into that minefield you might want to stick to trying to convince a bunch of millionaires why your method of investing is better than theirs.
I clearly state that it works for me and also advised that it probably wouldn't work for most other folks. How much more clear can I be? What I see a bunch of folks getting all up in arms about how a few folks have an alternative way of investing. Not to mention ridiculed, and personal attacks.
Showing your true colors now
Word to the wise: generally speaking, comments like this appear to be frowned upon by the moderators here. Play nice in the sandbox, or spend time in the penalty box.
I don't believe an individual making $70,000 will see an income tax increase. His income taxes will more likely drop slightly due to brackets, exemptions, and standard deductions being adjusted up for inflation.I just received my Bloomberg subscription. There is an article on the new 2013 Taxes. Won't apply to everyone, but here are their estimates:
Individual making $70,000 will see a tax increase of $1,380.
Individual making $300,000 will see a tax increase of $5,975.
Individual making $875,000 will see a tax increase of $41,461.
It's the January 14, 2013 issue.
Not my business, but I'm wondering about those numbers and trying to put it in perspective.This is something everyone should evaluate. With the SS payroll tax reverting back to its original rate this year, My part time job will earn me about 30 cents on the dollar when figuring in most of the earned money is in 28% tax bracket, plus all other taxes, transportation cost, and loss of state pension tax credit. So I am done for good here in a few months after I finish up my obligation.