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View Full Version : Do you make atleast $250k



bigdare23
09-30-2008, 02:08 PM
Since many people are *****'n about Obama raising taxes for that tax bracket, I was just wondering how many people on IA does this effect directly.

4dmin
09-30-2008, 02:12 PM
lol this will be interesting...

bigdare23
09-30-2008, 02:13 PM
LOL

Sammich
09-30-2008, 02:21 PM
whoops i thought it said 25k :ninja:

AirMax95
09-30-2008, 02:21 PM
I make close to that.......not reall, but in a couple years, lol.

This thread is going to get good, at least I hope. I NEED DRAMA!

4dmin
09-30-2008, 02:23 PM
I make close to that.......not reall, but in a couple years, lol.

This thread is going to get good, at least I hope. I NEED DRAMA!

what the hell do you plan on doing? lol

na my wife and i make close to that but i'm hoping maybe in the next ten years we can open up our own DRUG DEALING business :bump:

Sammich
09-30-2008, 02:23 PM
what the hell do you plan on doing? lol

na my wife and i make close to that but i'm hoping maybe in the next ten years we can open up our own DRUG DEALING business :bump:

i'm going to need a job, dont forget me:D

josh green
09-30-2008, 02:32 PM
Everyone else is having to tighten up, how about no tax increases for anyone? Maybe the Governmet needs to tighten its belt as well, maybe even do some pay cuts/ demotions.



Lol, wtf am I thinking.

^^^^I work with education, I can get them started young....

That was wrong.

AirMax95
09-30-2008, 02:33 PM
what the hell do you plan on doing? lol

na my wife and i make close to that but i'm hoping maybe in the next ten years we can open up our own DRUG DEALING business :bump:

I work hard; not saying I will hit it but I plan to get damn close. I have a few plans up my sleeves. It does involve sales, but not drugs, lol.

bigdare23
09-30-2008, 02:36 PM
Hopefully, I'll be getting taxed out the ass in a few years... LOL

4dmin
09-30-2008, 02:37 PM
I work hard; not saying I will hit it but I plan to get damn close. I have a few plans up my sleeves. It does involve sales, but not drugs, lol.

lol why drugs is where its at... i told my wife years ago we should of done an online pharmacy... :bump: "enlarge your wang! - viagra 5$"

my wife and i have talked about opening up and independent pharmacy or buying into one. there is quite a bit of money in them. the one she works at now probably does around 1.2-1.5 mil a year

AirMax95
09-30-2008, 02:53 PM
lol why drugs is where its at... i told my wife years ago we should of done an online pharmacy... :bump: "enlarge your wang! - viagra 5$"

my wife and i have talked about opening up and independent pharmacy or buying into one. there is quite a bit of money in them. the one she works at now probably does around 1.2-1.5 mil a year


I know there is! I don't have any clue about the pharmaceuticals, nor do my business contacts, lol. Also, i thought you were hinting at that Blue Magic :D

Good luck with that. Hopefully though, our ideas will sell like crack :eek:

Kevykev
09-30-2008, 02:58 PM
shoulda made it a public poll!

My answer = NO!

4dmin
09-30-2008, 02:59 PM
shoulda made it a public poll!

My answer = NO!

don't worry i can post up peoples answers later ;)

osnap
09-30-2008, 03:06 PM
LOL. Kidd? Kayfunk? Jaime? How about you, RedGT? OH WAIT... RedGT's daddy does.

my answer is a FIRM no... lol :lmfao:

bigdare23
09-30-2008, 03:08 PM
shoulda made it a public poll!

My answer = NO!

:lmfao:


I wanted to, but I didnt want to invade anyone privacy

sabastian458
09-30-2008, 03:09 PM
the ammount is actually a house hold income of $117k a year

BobbyFresco
09-30-2008, 03:21 PM
No, not yet.

Alan®
09-30-2008, 03:29 PM
LOL. Kidd? Kayfunk? Jaime? How about you, RedGT? OH WAIT... RedGT's daddy does.

my answer is a FIRM no... lol :lmfao:
:goodjob: And you're point would be? Considering my dad used to make less than 10% of that.......

Alan®
09-30-2008, 03:31 PM
Even if he didn't I still don't agree with it in principle.

4dmin
09-30-2008, 03:32 PM
well, maybe i don't make $250k a year, but the owner of my company does. so if he gets taxed a whole lot more it may certainly affect me. i can see that effecting my job because it may mean that i won't have one, just sayin.

obama seems to be about sharing wealth. taking more money from richer people and distributing it to poor people because he says he is about fairness and if you're poor, it sounds like a great idea, but i have a hard time seeing how taking money from someone who has worked hard all their life by getting a good education and busting their butt and earning their way in life and then giving it to someone that won't get a job or go to college is fair.

if you lose your job over PERSONAL taxes to your boss then obviously you don't work for a stable company to begin with. his personal money shouldn't interfere w/ the business unless he is wanting to invest more

Alan®
09-30-2008, 03:43 PM
if you lose your job over PERSONAL taxes to your boss then obviously you don't work for a stable company to begin with. his personal money shouldn't interfere w/ the business unless he is wanting to invest more
Paul you do realize that ceritan companies such as s-corps are taxed based on the personal income scale right?

ironchef
09-30-2008, 04:03 PM
Wheres the option for I wish? I don't make it now, but I hope to eclipse it in the future.

amped4life33
09-30-2008, 08:43 PM
Its really more the principle of the matter than it is the direct effect. I believe there should be a set percentage tax rate. That way everyone gets taxed the same. Imagine yourself spending 11 years in college and becoming a neurosurgeon. When you get out and have a job, you're going to make A LOT of money. Money that you spent long hours and hard work earning. Why should you be punished for all your hard work, and the good deeds you are doing, by being taxed more than everyone else.

Most people with money dont have a problem helping the needy. Instead of taxing them and giving it to every tom **** and harry who apply for food stamps and welfare, they could donate to charities that help children in foster homes and those with disabilities. Of course not everyone with money is going to "be a good person" like that. But lets stop trying to play Robin Hood and just rely on the ones who will, because believe it or not, there are a lot more people who will than won't.

Thats my 2 cents...

BlkCD5
09-30-2008, 11:48 PM
originally posted by amped4life33
Its really more the principle of the matter than it is the direct effect. I believe there should be a set percentage tax rate. That way everyone gets taxed the same. Imagine yourself spending 11 years in college and becoming a neurosurgeon. When you get out and have a job, you're going to make A LOT of money. Money that you spent long hours and hard work earning. Why should you be punished for all your hard work, and the good deeds you are doing, by being taxed more than everyone else.

Instead of taxing them and giving it to every tom **** and harry who apply for food stamps and welfare, they could donate to charities that help children in foster homes and those with disabilities. Of course not everyone with money is going to "be a good person" like that. But lets stop trying to play Robin Hood and just rely on the ones who will, because believe it or not, there are a lot more people who will than won't.

As if the malpractice insurance and school loans aren't enough. Also the sad thing about the welfare issue was seeing a lady pay with food stamps and get in a 335i and all those people on WIC w/ nice cars.

Alan®
09-30-2008, 11:52 PM
As if the malpractice insurance and school loans aren't enough. Also the sad thing about the welfare issue was seeing a lady pay with food stamps and get in a 335i and all those people on WIC w/ nice cars.
:lmfao: :lmfao: :lmfao: I couldn't work in a grocery store without laughing at those people everyday.

BlkCD5
09-30-2008, 11:54 PM
originally posted by redGT
I couldn't work in a grocery store without laughing at those people everyday.

How do you think i feel? The amount of **** i see everyday could make jokes all night.

Alan®
09-30-2008, 11:57 PM
werd

4dmin
10-01-2008, 08:02 AM
As if the malpractice insurance and school loans aren't enough. Also the sad thing about the welfare issue was seeing a lady pay with food stamps and get in a 335i and all those people on WIC w/ nice cars.

this is true but you can only walk on the backs of the poor for so long... now look at us. w/ years of bush tax cuts our economy is a failure - china/india are going to be the next world super powers. i'm not saying it is totally at fault but such tax cuts were supposed to stimulate the economy and it hasn't. i'm all for way more regulation on social programs but taxes are a need. you can't tax on equal level and think we can sustain a good economy. that is just being naive.

JConner
10-01-2008, 12:27 PM
i do not but my stepfather who pays for my college education so that I can make that kind of money one day makes well over $250,000 a year. So of course i'm going to vote for someone who will not raise my family's taxes!

tony
10-01-2008, 12:33 PM
My cousins uncle through wedlockfather's brother twice removed best friend from high school...

Get the point? Just say no, I don't even make that much in 5 years.

bigdare23
10-01-2008, 01:11 PM
My question is why defend the rich?!? I promise you they dont give a damn about anything but profit. Seriously, if they could replace every human employee with a robot to increase profit they would. There are few exceptions in every case (just like there are people on welfare that dont cheat the system), but this case they are few and far apart. I see it like this... if you have a problem, fix the root of the problem! Don't put that responsibility in someone hands that may or may not decide to help. That doesn't make sense. Thats like adding too many factors to the equation. You can get 10 by adding 5 and 5, but you can also get 10 by take 5 multiplying it by 45, and taking the square root of that. But why calcute 10 the second way when you has more chances of ****ing up.

bigdare23
10-01-2008, 03:39 PM
So we are up to 4 people now...

Terror
10-01-2008, 05:06 PM
Not only no, but hell no.

green91
10-01-2008, 06:52 PM
There is an answer here that nobody is pointing out. High amount investors deposit money into accounts for gain. However, this is also the EXACT money that is used so you are able to get a mortgage, buy a car, finance a remodel etc. Banks constantly use deposited assets as loanable money. High net worth investors removing money from banks = less balance at a bank to loan against.

allmotoronly
10-01-2008, 07:12 PM
My question is why defend the rich?!? I promise you they dont give a damn about anything but profit. Seriously, if they could replace every human employee with a robot to increase profit they would. There are few exceptions in every case (just like there are people on welfare that dont cheat the system), but this case they are few and far apart. I see it like this... if you have a problem, fix the root of the problem! Don't put that responsibility in someone hands that may or may not decide to help. That doesn't make sense. Thats like adding too many factors to the equation. You can get 10 by adding 5 and 5, but you can also get 10 by take 5 multiplying it by 45, and taking the square root of that. But why calcute 10 the second way when you has more chances of ****ing up.

I would hardly consider someone who made 250K a year rich. Most people who make that much are small business owners. Small businesses are what keep this country's economy from completely going under. Our entire economy depends on small businesses ten times more than large corporations. Why raise taxes on those who are keeping the economy afloat? So you can give it to those who have ****ed up the economy?

If the democrats hadn't pushed HUD through the economy would be in much better shape. HUD (which makes it illegal for mortgage discrimination) has made it where banks must make risky mortgages to people who can't pay it back. These risky mortgage loans are the main reason that the economy is so ****ed up right now. All these large banks are going out of business because of all the bad mortgages they have written and will never get paid back on. Even if the bank repo's houses, the market is so shot to **** right now that they would never be able to sell most of them at a high enough price just to break even, especially with house values in the toilet. Granted, some of the people who got these risky mortgages work hard to pay them back and improve their credit, but the vast majority do not.

Why defend the rich? Because the "rich" keep this country from being a poor third world country.

tony
10-01-2008, 08:01 PM
If the democrats hadn't pushed HUD through the economy would be in much better shape. HUD (which makes it illegal for mortgage discrimination) has made it where banks must make risky mortgages to people who can't pay it back.

Damn those people for wanting a house. Last time I checked there is still a process of being approved. It's not like just cause you're black you're automatically approved for a $300k mortage. :rolleyes:

Just a sorry interpretation of HUD.. this stuff never ceases to amaze me.

man
10-01-2008, 08:17 PM
Nope, but I still disagree with giving them huge tax increases

bigdare23
10-01-2008, 08:29 PM
Why defend the rich? Because the "rich" keep this country from being a poor third world country.


Not really, It's the poor minimum wage struggling people that really keep us from going under. Without the average underpaid worker, there wouldn't fast food chain gurus or Walmart just to name a few. Greed is going to be our downfall. Greed is the reason why our economy is in the position we are in now, and these are the people that need tax breaks?!?

bigdare23
10-01-2008, 08:33 PM
Nope, but I still disagree with giving them huge tax increases

Why? Not like it's going to take a meal from them or their families. It might reduced their profits, but it's not going to put them in a bind. If taxes go up on that small 5%, I highly doubt their lifestyles are going to change one bit.



Now on the other hand, raise taxes on a person who's making minimum wage. Their lives are going to change greatly.

Alan®
10-01-2008, 08:37 PM
Not really, It's the poor minimum wage struggling people that really keep us from going under. Without the average underpaid worker, there wouldn't fast food chain gurus or Walmart just to name a few. Greed is going to be our downfall. Greed is the reason why our economy is in the position we are in now, and these are the people that need tax breaks?!?
Man. I always love how people always argue the extremes on each end of the argument. When really in all actuallity one can not prosper without the other. It's a fact that can not be refuted.

Alan®
10-01-2008, 08:42 PM
Why? Not like it's going to take a meal from them or their families. It might reduced their profits, but it's not going to put them in a bind. If taxes go up on that small 5%, I highly doubt their lifestyles are going to change one bit.



Now on the other hand, raise taxes on a person who's making minimum wage. Their lives are going to change greatly.
Again another argument I love. Who cares how much it takes out of their pocket. The fact of the matter is it's still their money they worked for it. How can anyone justify taking money from one person to give it to another?

bigdare23
10-01-2008, 09:09 PM
Man. I always love how people always argue the extremes on each end of the argument. When really in all actuallity one can not prosper without the other. It's a fact that can not be refuted.


I agree 100%, but some people don't view it like that. In that case you have to show them the other end of the stick.
:cheers:

bigdare23
10-01-2008, 09:20 PM
Again another argument I love. Who cares how much it takes out of their pocket. The fact of the matter is it's still their money they worked for it. How can anyone justify taking money from one person to give it to another?

Homie, the government isn't playing Robin Hood. Yes, increased funding is going toward helping people (as it normally does), but it's not like that's the only place the newly increase in revenue is going to. Don't forget all the debt the government is in. I hate taxes and I know everyone else hate taxes too, but the impact the tax bracket that Obama plans on increases the taxes is not going to hurt one bit.

Verik
10-01-2008, 11:43 PM
My question is why defend the rich?!? I promise you they dont give a damn about anything but profit. Seriously, if they could replace every human employee with a robot to increase profit they would. There are few exceptions in every case (just like there are people on welfare that dont cheat the system), but this case they are few and far apart. I see it like this... if you have a problem, fix the root of the problem! Don't put that responsibility in someone hands that may or may not decide to help. That doesn't make sense. Thats like adding too many factors to the equation. You can get 10 by adding 5 and 5, but you can also get 10 by take 5 multiplying it by 45, and taking the square root of that. But why calcute 10 the second way when you has more chances of ****ing up.

5+5=10 ....... 5 * 45 = 225....... 225^1/2 = 15...... 10 =/= 15

Verik
10-01-2008, 11:48 PM
Not really, It's the poor minimum wage struggling people that really keep us from going under. Without the average underpaid worker, there wouldn't fast food chain gurus or Walmart just to name a few. Greed is going to be our downfall. Greed is the reason why our economy is in the position we are in now, and these are the people that need tax breaks?!?

reason our economy is the way it is, is due to greed... but not the greed of CEO's or execs or even people with 250k+ income. It's the greed of those who bought into mortages on extremely low rates (due to the fed's response to the dot-com bust) and who couldn't afford the mortage. It's the greed of those who wanted what they couldn't afford that caused us to be in this situation......


Homie, the government isn't playing Robin Hood.

Explain how distributing income is not the same principal as Robin Hood.

I still have yet to see a valid and sound argument for why the rich deserve to have to pay a higher tax than everyone else? Why is the responsibility of the poor or even middle income less than that of the upper? And how is it just and fair that the harder you work, the more successful you are, the more the gov't will take from you?

Echonova
10-02-2008, 12:09 AM
Here's an idea. Why doesn't our Government spend less instead of raising taxes on anybody?

Can anyone explain how Obama is going to lower taxes for 95% (I think that's the number he threw out) of Americans when 45% of Americans don't pay taxes at all



On a side note: Atlas Shrugged. Read it.

Vteckidd
10-02-2008, 12:49 AM
my business will do $300,000 in sales this year.

I make as little as possible so i dont get taxed, everything is a write off.

BUt this thread just shows again how people just DONT GET IT.

Look its REALLY SIMPLE:

1) You guys making UNDER $100,000 which is 99% of this board, who do you think you WORK FOR, who do you think EMPLOYS you? Its the guys making $250,000 a year+. THEY CREATE YOUR JOBS

2) Its easy when you are 20 making $30,000 a year to sit and say that $250k is TOO MUCH and its RICH! My dad makes that a year, and hes not RICH. Trust me.

3) THe problem with Obama is he is LIEING. He sits here and tells you that A) hes going to cut your taxes B) tax the rich to give to the POOR

What he DOESNT tell you is that hes going to raise the A) Death Tax B) Capital Gains Tax C) Tax on Guns D) LET THE ALREADY EXISTING BUSH TAX CUTS EXPIRE

The money you are getting back now was increased by PRESIDENT BUSH. OBAMA has said he will let those EXPIRE on several occasions. That means your TAXES WILL GO UP, then he will give you a tax break on your NEW NOW HIGHER TAX RATE.

YOU CANNOT STIMULATE GROWTH OF THE ECONOMY (WHICH IS THE NUMBER 1 ISSUE) BY TAXING THE "RICH". Its HISTORICALLY PROVEN that when you RAISE taxes on the poeple that are EXPANDING THEIR BUSINESS AND CREATING JOBS that they will CURB COSTS by CUTTING JOBS/PRODUCTIVITY.

So your BOSS now has to pay an extra 62% in taxes under OBama, you think hes gonna give you a raise now? **** no, hes going to LAY PEOPLE OFF to make up for the money he just LOST.

That money from the RICH isnt going to YOU, its going to the SOCIAL PROGRAMS obama wants to implement like Healthcare and other Governement run junk that wont work.

Why should the people that WORK HARD and CREATE THEIR OWN WEALTH and reinvest into this economy, be asked to pay more.

TAXING is about RAISING REVENUE , NOT REDISTRIBUTING WEALTH.

the TOP 50% of ALL EARNERS pay 95% of ALL INCOME TAXES.

THink about that for a second. That means YOU, the bottom 50% pay only 5% of the ENTIRE TAX BURDEN per year.

Fact is most of you dont pay taxes, you dont MAKE ENOUGH. THat check you get back at the end of the year, thats money you OVERPAID and gave the govt an interest free loan.

Why work hard to get ahead if your just going to be asked to give your hard earned money to a "poor" person.

Thats not Capitalism, thats COMMUNISM/SOCIALISM. Go read what redistribution of wealth is, it has NEVER WORKED.

Vteckidd
10-02-2008, 12:51 AM
Now on the other hand, raise taxes on a person who's making minimum wage. Their lives are going to change greatly.
Whose talking about RAISING TAXES?

The mccain plan CUTS taxes for MIddle class people and he will KEEP THE bUSH TAX CUTS

This is ALL LIES from Obama. He is only saying this to get elected, there is NO WAY HE CAN SPEND THE 900BILLION he is proposing and CUT taxes at the same time. IT CANNOT HAPPEN especially with the bail out .

Hes going to do EXACTLY what Clinton did, which was promise a middle class tax cut, get into office, then say "we cant do it, and oh by the way im going to increase your taxes"

Clinton did the SAME THING

Vteckidd
10-02-2008, 01:03 AM
furthermore, if you make minimum wage, GET A BETTER JOB, GET A CAREER, GET A SKILL, GET AN EDUCATION.

If you are 35 and making $20,000 a year, you screwed up somewhere, BAD. This country has ENOUGH opportunities to get ahead and make a decent living. YOu can manage a QT an make $45000 a year, you can work at Home Depot and make $50,000 a year, you can work at UPS and make $50,000 a year, etc etc etc

If you are on minimum wage you are either
1) Aged 16-24
2) In College/School

If you dont fit that criteria, you DONT DESERVE HELP, you dont deserve a HOUSE, a MORTGAGE, a NEW CAR, etc etc etc

You deserve a swift kick in the ass and some motivation.

I was there man, i worked $7 an hour jobs all through high school and college.

I made $40,000 when i was 21-22 working for Dobbins as a contractor. I made $35000 at NOPI, i made less than $20,000 at other Private small businesses.

It sucks, but you know what, i didnt DESERVE anything, i chose that path , i didnt finish college, i was in SALES in a very non lucrative field, and i had no real skills. But that doesnt mean i deserved a HANDOUT.

Instead i took what i had learned and went into business for myself and its worked out great. But i was motivated.

But ill tell you this, if my business goes under, ill be at QT or something getting a job for decent money and finishing school.

This is AMERICA, land of OPPORTUNITY not land of the "do as little as possible and the government will provide the rest"

On_Her_Face
10-02-2008, 01:03 AM
i do not make 250k or more a year but my family does so yes this will indirectly impact my life

bush 3rd term

GTScoob
10-02-2008, 03:17 AM
This is AMERICA, land of OPPORTUNITY not land of the "do as little as possible and the government will provide the rest"
Correction, America WAS the land of opportunity. Now we're a country trying to play catchup due to our benevolent economic interests towards the rest of the world for the last 60 yrs. We could have told the rest of the world to **** off after WWII but we decided to reformulate the global economy in our favor (basing everything off the US dollar) and sell out domestic industry in the name of stabilizing war torn countries. Then we pumped billions of dollars into developing countries to help them industrialize only to create international competition decades later, assisted by a slew of free trade agreements. It's the paradigm of capitalism, Vladimir Lenin predicted it back in 1917.

I say do it, income redistribution has made the overall quality of life in the EU way higher than most of the world. Also see Sweden, Finland, and Norway as examples. Anyways the segment of the population that makes that much money is smart enough to figure out how to write most of their assets off as tax deductable (see most small business owners). It'll affect the legacy savings of the extreme rich which will then upset their trust fund children and they wont be able to afford their retirement home in the Caymans, big effin deal.

T.S.
10-02-2008, 05:24 AM
Correction, America WAS the land of opportunity. Now we're a country trying to play catchup due to our benevolent economic interests towards the rest of the world for the last 60 yrs. We could have told the rest of the world to **** off after WWII but we decided to reformulate the global economy in our favor (basing everything off the US dollar) and sell out domestic industry in the name of stabilizing war torn countries. Then we pumped billions of dollars into developing countries to help them industrialize only to create international competition decades later, assisted by a slew of free trade agreements. It's the paradigm of capitalism, Vladimir Lenin predicted it back in 1917.

I say do it, income redistribution has made the overall quality of life in the EU way higher than most of the world. Also see Sweden, Finland, and Norway as examples. Anyways the segment of the population that makes that much money is smart enough to figure out how to write most of their assets off as tax deductable (see most small business owners). It'll affect the legacy savings of the extreme rich which will then upset their trust fund children and they wont be able to afford their retirement home in the Caymans, big effin deal.

I 100% agree with you. I had lunch the other day with a guy that is in that tax bracket. And i asked him how would it affect his life if he got taxed more. He said that his family wouldnt be able to take as many trips, and he might have to sell 1 of his sports cars. We kinda laughed about it for a second and i said Oh life is so bad for him. He agreed that something needed to be done and he said that in all honesty that it wouldn't be that big of a notice to him or his family. This is the CEO of the company I work for, 100 million a year company.

One_Bad_SHO
10-02-2008, 06:26 AM
I agree with Mr. Kidd.

Furthermore, I see a lot of people saying "tax the rich!" for reasons that they don't even understand. It's like they have some sort of hatred towards people who have worked their butts off to get to where they are. Why should they pay a heavier price? Because they are successful? Use them as your motivation to get out of your dead end minimum wage job. Don't blame them for your dissatisfaction in life.

One_Bad_SHO
10-02-2008, 08:35 AM
I agree with Mr. Kidd.

Furthermore, I see a lot of people saying "tax the rich!" for reasons that they don't even understand. It's like they have some sort of hatred towards people who have worked their butts off to get to where they are. Why should they pay a heavier price? Because they are successful? Use them as your motivation to get out of your dead end minimum wage job. Don't blame them for your dissatisfaction in life.

tony
10-02-2008, 08:48 AM
Do any of you know what Real Wages are and how that works?

4dmin
10-02-2008, 09:35 AM
i'm gonna call BS to who voted yes


caseyfoster, Mr. KiDD, MS3ZZ, NevrNufTorq, redrumracer, Sammich

Vteckidd
10-02-2008, 09:36 AM
NEverNufTorq i can vouch for

My family makes over 250K and i will be in the next few years. So yeah im thinking ahead, not today and where i want to be in the next 4 years.



So, thats not the point any rebuttle to my long winded factual post?

4dmin
10-02-2008, 09:38 AM
NEverNufTorq i can vouch for

My family makes over 250K and i will be in the next few years. So yeah im thinking ahead, not today

post wasn't about your family... my family makes over 250k and my wife and i are close to that as well... i still put NO. you only make that if you got financial records to prove it.

Vteckidd
10-02-2008, 09:41 AM
Do any of you know what Real Wages are and how that works?
The term real wages refers to wages that have been adjusted for inflation. This term is used in contrast to nominal wages or unadjusted wages.

The use of adjusted figures is in undertaking some form of economic analysis. For example, in order to report on the relative economic successes of two nations, real wage figures are much more useful than nominal figures.

If nominal figures are used in an analysis, then statements may be incorrect. A report could state: 'Country A is becoming wealthier each year than Country B because its wage levels are rising by an average of $500 compared to $250 in Country B'. However, the conclusion that this statement draws could be false if the values used are not adjusted for inflation. An inflation rate of 100% in Country A will result in its citizens becoming rapidly poorer than those of Country B where inflation is only 2%. Taking inflation into account, the conclusion is quite different: 'Despite nominal wages in Country A rising faster than those in Country B, real wages are falling significantly as the currency halves in value each year'.

Vteckidd
10-02-2008, 09:44 AM
post wasn't about your family... my family makes over 250k and my wife and i are close to that as well... i still put NO. you only make that if you got financial records to prove it.
I would agree with you but the OP wants to use that poll to justify the previous comments made.

"Oh you dont make 250k a year so quit acting like its going to bother you"

Its going to affect me and my business, and its going to affect my family, and its going to affect me in 1-2 years.

So yeah, im not going to give him a vote he can try to use in his arguement

allmotoronly
10-02-2008, 09:49 AM
Damn those people for wanting a house. Last time I checked there is still a process of being approved. It's not like just cause you're black you're automatically approved for a $300k mortage. :rolleyes:

Just a sorry interpretation of HUD.. this stuff never ceases to amaze me.

Did I ever say the word black? No. There are probably just as many sorry white people who put their mortgage payments last on their list of priorities, right behind that new $50k SUV they are driving, or that $2k flat screen they just bought. People think that just because the government guarantees them a loan, it doesn't matter if they make payments on time and have bad credit. They fall behind on payments, and the bank gets stuck with a house that is worth only 60% of what it was worth 3 years ago... I am aware that there is a process for being approved, but they are approving mortgages for much larger amounts than they would in the past, and they are approving mortgages to people who have super ****ty credit. Loaning money to someone who has bad credit (which means they have obviously had problems with debt in the past) is just not a good idea.

tony
10-02-2008, 09:52 AM
The term real wages refers to wages that have been adjusted for inflation. This term is used in contrast to nominal wages or unadjusted wages.

The use of adjusted figures is in undertaking some form of economic analysis. For example, in order to report on the relative economic successes of two nations, real wage figures are much more useful than nominal figures.

If nominal figures are used in an analysis, then statements may be incorrect. A report could state: 'Country A is becoming wealthier each year than Country B because its wage levels are rising by an average of $500 compared to $250 in Country B'. However, the conclusion that this statement draws could be false if the values used are not adjusted for inflation. An inflation rate of 100% in Country A will result in its citizens becoming rapidly poorer than those of Country B where inflation is only 2%. Taking inflation into account, the conclusion is quite different: 'Despite nominal wages in Country A rising faster than those in Country B, real wages are falling significantly as the currency halves in value each year'.

I didn't ask for a definition from Answers.com (http://www.answers.com/topic/real-wage) I asked if any of you know what they are and how it works. Since you copy and pasted I'll take that as a no.

Anyone else who doesn't understand the nature of real wages but still believe that all individuals should be taxed the same or that the rich should be spared, please take a second to learn and understand the nature of our free market Economy especially as it pertains to real wages.

Because of this, there is a vast descrepancy in lower income wage earners so to tax them more or even an even tax burden to those that are rich, is still unfair. Because of real wages, if you tax a low income individual at the same rate as a higher income individual, the lower income citizen is actually taking on more of a personal tax burden.

tony
10-02-2008, 09:53 AM
Did I ever say the word black? No. There are probably just as many sorry white people who put their mortgage payments last on their list of priorities, right behind that new $50k SUV they are driving, or that $2k flat screen they just bought. People think that just because the government guarantees them a loan, it doesn't matter if they make payments on time and have bad credit. They fall behind on payments, and the bank gets stuck with a house that is worth only 60% of what it was worth 3 years ago... I am aware that there is a process for being approved, but they are approving mortgages for much larger amounts than they would in the past, and they are approving mortgages to people who have super ****ty credit. Loaning money to someone who has bad credit (which means they have obviously had problems with debt in the past) is just not a good idea.

Black was an example, if someone is being discriminated against there is obviously a reason, I'm sure race was a factor in HUD.

Vteckidd
10-02-2008, 09:54 AM
I didn't ask for a definition from Answers.com (http://www.answers.com/topic/real-wage) I asked if any of you know what they are and how it works. Since you copy and pasted I'll take that as a no.

Anyone else who doesn't understand the nature of real wages but still believe that all individuals should be taxed the same or that the rich should be spared, please take a second to learn and understand the nature of our free market Economy especially as it pertains to real wages.

Because of this, there is a vast descrepancy in lower income wage earners so to tax them more or even an even tax burden to those that are rich, is still unfair. Because of real wages, if you tax a low income individual at the same rate as a higher income individual, the lower income citizen is actually taking on more of a personal tax burden.
that is the biggest line of BULLSH!T i have ever read

wow some will say anything to justify there position

got any FACTS to back this up or just more liberal rhetoric?

CARE TO ANSWER ANY OF THE 20 QUESTIONS I POSTED or are we going to shift the focus now to a debate about how i dont make 250k a year or how i dont know about REAL WAGES?

stay on topic

allmotoronly
10-02-2008, 09:57 AM
Not really, It's the poor minimum wage struggling people that really keep us from going under. Without the average underpaid worker, there wouldn't fast food chain gurus or Walmart just to name a few. Greed is going to be our downfall. Greed is the reason why our economy is in the position we are in now, and these are the people that need tax breaks?!?

Do you realize that small businesses emply much more people than large corporations such as walmart of fast food chains??? And most small business owners look out for their employees and pay them pretty good (better than walmart of fast food chains). They reward hard workers and take care of them. I've never met someone who worked for a small business that made minimum wage.

tony
10-02-2008, 09:58 AM
that is the biggest line of BULLSH!T i have ever read

wow some will say anything to justify there position

got any FACTS to back this up or just more liberal rhetoric


Mike, you dont even know what Real Wages are but you're willing to call what I stated bull****? Again, read before you react. I've been knee deep in Economics, ask any economist as to how this works and they will confirm what I just stated.

By the way, why did Kev's post get deleted?

Vteckidd
10-02-2008, 09:59 AM
Because of this, there is a vast descrepancy in lower income wage earners so to tax them more or even an even tax burden to those that are rich, is still unfair. Because of real wages, if you tax a low income individual at the same rate as a higher income individual, the lower income citizen is actually taking on more of a personal tax burden.
in case you missed it:


What he DOESNT tell you is that hes going to raise the A) Death Tax B) Capital Gains Tax C) Tax on Guns D) LET THE ALREADY EXISTING BUSH TAX CUTS EXPIRE

The money you are getting back now was increased by PRESIDENT BUSH. OBAMA has said he will let those EXPIRE on several occasions. That means your TAXES WILL GO UP, then he will give you a tax break on your NEW NOW HIGHER TAX RATE.

YOU CANNOT STIMULATE GROWTH OF THE ECONOMY (WHICH IS THE NUMBER 1 ISSUE) BY TAXING THE "RICH". Its HISTORICALLY PROVEN that when you RAISE taxes on the poeple that are EXPANDING THEIR BUSINESS AND CREATING JOBS that they will CURB COSTS by CUTTING JOBS/PRODUCTIVITY.

So your BOSS now has to pay an extra 62% in taxes under OBama, you think hes gonna give you a raise now? **** no, hes going to LAY PEOPLE OFF to make up for the money he just LOST.

That money from the RICH isnt going to YOU, its going to the SOCIAL PROGRAMS obama wants to implement like Healthcare and other Governement run junk that wont work.



AND


That money from the RICH isnt going to YOU, its going to the SOCIAL PROGRAMS obama wants to implement like Healthcare and other Governement run junk that wont work.

Why should the people that WORK HARD and CREATE THEIR OWN WEALTH and reinvest into this economy, be asked to pay more.

TAXING is about RAISING REVENUE , NOT REDISTRIBUTING WEALTH.

the TOP 50% of ALL EARNERS pay 95% of ALL INCOME TAXES.

THink about that for a second. That means YOU, the bottom 50% pay only 5% of the ENTIRE TAX BURDEN per year.

Fact is most of you dont pay taxes, you dont MAKE ENOUGH. THat check you get back at the end of the year, thats money you OVERPAID and gave the govt an interest free loan.

AND


Whose talking about RAISING TAXES?

The mccain plan CUTS taxes for MIddle class people and he will KEEP THE bUSH TAX CUTS

This is ALL LIES from Obama. He is only saying this to get elected, there is NO WAY HE CAN SPEND THE 900BILLION he is proposing and CUT taxes at the same time. IT CANNOT HAPPEN especially with the bail out .

Hes going to do EXACTLY what Clinton did, which was promise a middle class tax cut, get into office, then say "we cant do it, and oh by the way im going to increase your taxes"

Clinton did the SAME THING

Vteckidd
10-02-2008, 10:01 AM
Mike, you dont even know what Real Wages are but you're willing to call what I stated bull****? Again, read before you react. I've been knee deep in Economics, ask any economist as to how this works and they will confirm what I just stated.


Ok economist, explain it to me i want to see FACTS, i dont want to see "ask any economist he will back it up"



By the way, why did Kev's post get deleted?
he asked me to delete it

tony
10-02-2008, 10:03 AM
How did a topic on taxing higher wage earners again turn into my candidate against yours?

I'm speaking on facts, you're still posting partisan bull****.

allmotoronly
10-02-2008, 10:05 AM
Black was an example, if someone is being discriminated against there is obviously a reason, I'm sure race was a factor in HUD.

Perceived ability to repay the loan was the main form of descrimination that HUD was created to address. Race, age, ability to hold a job, etc are things that banks would consider when making loans. If a person can't keep a job for longer than 6 months or has 10 different jobs a year, of course a bank would not want to loan them the money. The only place where race may have been an issue is here in the south, but by the time HUD passed, racial discrimination was not nearly the issue it was 40 years previously.

Vteckidd
10-02-2008, 10:05 AM
this thread was PARTISAN from the first post.

Im talking about how people think that subject for making this thread dont know what they are talking about.

Im still waiting for an answer........


*taps finger*

tony
10-02-2008, 10:05 AM
Ok economist, explain it to me i want to see FACTS, i dont want to see "ask any economist he will back it up"




Educate yourself or go take a class, I got better things to do than teach you Economics.. thats not my responsibility. Don't take it personal cause it isn't, but if you're going to speak on these subjects you should at least take the initiative to learn what you are talking about.

Vteckidd
10-02-2008, 10:08 AM
Perceived ability to repay the loan was the main form of descrimination that HUD was created to address. Race, age, ability to hold a job, etc are things that banks would consider when making loans. If a person can't keep a job for longer than 6 months or has 10 different jobs a year, of course a bank would not want to loan them the money. The only place where race may have been an issue is here in the south, but by the time HUD passed, racial discrimination was not nearly the issue it was 40 years previously.

I agree with yu

Tony lets be honest here the MAJORITY of the FANNIE and FREDDIE loans were to BLACKs with LOWER INCOME, thats not racist thats FACT. Go read the statistics. It was made to lend to lower income families and im sorry if that hurts but thats the way it was. Now its not a race issue, but the banks were loaning money to people that just werent qualified, and the majority of them were minorities from spanish to african.

Just like ACORN isnt about getting new voters, its about getting new BLACK VOTERS TO VOTE DEMOCRAT.

Vteckidd
10-02-2008, 10:08 AM
Educate yourself or go take a class, I got better things to do than teach you Economics.. thats not my responsibility. Don't take it personal cause it isn't, but if you're going to speak on these subjects you should at least take the initiative to learn what you are talking about.
Thats what i thought, you cant even explain it yourself

whose next

allmotoronly
10-02-2008, 10:09 AM
The concept of HUD was a good idea, but the actual outcome was not. Risky mortgages are forcing banks to go out of business.

It's like a chain reaction. Banks start to lose money. People get scared of bank closings and take money out of the bank. The bank then has no assets to make new loans with (which is their main source of income). Bank goes out of business, causing more people to be scared, take money out, and continue the cycle.

Hopefully the FDIC will raise deposit insurance to $250k. That should help keep some money in the banks.

allmotoronly
10-02-2008, 10:10 AM
Just like ACORN isnt about getting new voters, its about getting new BLACK VOTERS TO VOTE DEMOCRAT.

lol at acorn getting caught falsifying ballots.

tony
10-02-2008, 10:10 AM
Okay Mike, I was going to try and avoid delving into this because partisan politics get thrown in and to be honest, if you're biased you tend to be jaded. But I'll make it as simple as possible.

I made $65k last year, you dont have to tell me how much but did you make more or less last year?

Vteckidd
10-02-2008, 10:12 AM
less like $20,000

EDIT: like prove me wrong, im all for it, i can be objective, you cant just make some general ass statement then say "OH YOU DONT KNOW IM DONE WITH YOU"

and not prove your point, come on where the Tony we know and love :D

Vteckidd
10-02-2008, 10:16 AM
igotta run buy keep posting tony illbe back

tony
10-02-2008, 10:31 AM
Okay, you should like my side of this argument then.

At $20k a year that would be.. $1600 a month for you? Just an example, you don't have to confirm.

I'm at about $5400 a month.

Okay, real wages. If we have the same tax rate at 10% I'm paying $540 while you are paying $160. Seems unfair to me right? But with real wages we're paying the same amount for necessities, food, shelter, etc.. and that is where the discrepancy starts.

When you go to the grocery store, a $200 grocery bill affects you a LOT more than it effects me. $200 is 12% of your salary while it is 3.8% of mine. These are things that are necessary to your life that we all pay the same amount for.

Mike, you pay proportionately more than I do for a gallon of Milk, even though the price tag doesn't change. That is why I do not mind paying the higher tax rate to offset this discrepancy. When everything is figured up my higher taxes alleviates the financial burden that you already have at a lower income, but we are both still driving this economy.

If you raise taxes on the lower income you create an even greater imbalance in the Economy which drives a wedge between those who have, and those who do not. And trust me Mike, this economy not only thrives off of the rich but also those every day low income earners.

Kevykev
10-02-2008, 10:36 AM
Question:




By the way, why did Kev's post get deleted?

ANSWER:




he asked me to delete it

My Response:

:lmfao: :lmfao: :lmfao: :lmfao: :lmfao: :lmfao: :lmfao:

silversol
10-02-2008, 12:15 PM
my business will do $300,000 in sales this year.

I make as little as possible so i dont get taxed, everything is a write off.

BUt this thread just shows again how people just DONT GET IT.

Look its REALLY SIMPLE:

1) You guys making UNDER $100,000 which is 99% of this board, who do you think you WORK FOR, who do you think EMPLOYS you? Its the guys making $250,000 a year+. THEY CREATE YOUR JOBS

2) Its easy when you are 20 making $30,000 a year to sit and say that $250k is TOO MUCH and its RICH! My dad makes that a year, and hes not RICH. Trust me.

3) THe problem with Obama is he is LIEING. He sits here and tells you that A) hes going to cut your taxes B) tax the rich to give to the POOR

What he DOESNT tell you is that hes going to raise the A) Death Tax B) Capital Gains Tax C) Tax on Guns D) LET THE ALREADY EXISTING BUSH TAX CUTS EXPIRE

The money you are getting back now was increased by PRESIDENT BUSH. OBAMA has said he will let those EXPIRE on several occasions. That means your TAXES WILL GO UP, then he will give you a tax break on your NEW NOW HIGHER TAX RATE.

YOU CANNOT STIMULATE GROWTH OF THE ECONOMY (WHICH IS THE NUMBER 1 ISSUE) BY TAXING THE "RICH". Its HISTORICALLY PROVEN that when you RAISE taxes on the poeple that are EXPANDING THEIR BUSINESS AND CREATING JOBS that they will CURB COSTS by CUTTING JOBS/PRODUCTIVITY.

So your BOSS now has to pay an extra 62% in taxes under OBama, you think hes gonna give you a raise now? **** no, hes going to LAY PEOPLE OFF to make up for the money he just LOST.

That money from the RICH isnt going to YOU, its going to the SOCIAL PROGRAMS obama wants to implement like Healthcare and other Governement run junk that wont work.

Why should the people that WORK HARD and CREATE THEIR OWN WEALTH and reinvest into this economy, be asked to pay more.

TAXING is about RAISING REVENUE , NOT REDISTRIBUTING WEALTH.

the TOP 50% of ALL EARNERS pay 95% of ALL INCOME TAXES.

THink about that for a second. That means YOU, the bottom 50% pay only 5% of the ENTIRE TAX BURDEN per year.

Fact is most of you dont pay taxes, you dont MAKE ENOUGH. THat check you get back at the end of the year, thats money you OVERPAID and gave the govt an interest free loan.

Why work hard to get ahead if your just going to be asked to give your hard earned money to a "poor" person.

Thats not Capitalism, thats COMMUNISM/SOCIALISM. Go read what redistribution of wealth is, it has NEVER WORKED.
so how many people do you employ now mike? and the bush tax cuts were never ment to be permnent. and what can you prove obama has lied about? ill bet we can make a mile long list with palin tho. funny "rich" people dont really get that money travels from the bottom to the top. if the poor when they have money spend it. while when the rich get a tax cut they just throw it on the pile with the rest of there money

Vteckidd
10-02-2008, 12:20 PM
I employ myself but this is my FIRST YEAR. you do realize ive only been open for 8 months.

I hope to aggresively expand next year especially when my line comes out.

v-empire
10-02-2008, 12:24 PM
GO MIKEY MIKE!!!

MAKE MONIES!!

didnt know you open a business.. what line are you opening??

:)

silversol
10-02-2008, 12:28 PM
I employ myself but this is my FIRST YEAR. you do realize ive only been open for 8 months.

I hope to aggresively expand next year especially when my line comes out.
http://i78.photobucket.com/albums/j108/silversolb18/burns.jpg

Vteckidd
10-02-2008, 12:32 PM
I really hate talking about it because it comes off as arrogant. But let me make this point.

you have to START somewhere. Many businesses dont last 6 months, some shorter. i work pretty damn hard, ive paid my dues and busted my ass for the last 6 years working for other people, learning the ropes, making mistakes, making sh!t pay, sacrificing, etc.

Im blessed to be in the position i am and to be doing what im doing. Im blessed to be able to eat day and to be able to survive.

Im hungry though, i want to make alot of money. I want to expand, i want to open a shop, i want to get into emissions stations, car washes, day trading, and other stuff.

So in the NEAR future, and im not BSing, i want to employ more than myself.

My business model has been to keep COSTS low in my first 2 years, i do primarily INTERNET sales, i dont require a storefront. 1% of my total sales were local, 99% is online out of state or country.

Why should i go get a $1000 month building and have that liability when i dont need it right now? id rather save that $1000 a month $($12000/year) and keep it as operating capital, or invest it in equipment.

Next summer i want to open my own shop that is going to cost me $50,000 minimum. Between lifts and a dyno. I couldh ave opened a shop by now but it would have been half assed and not done right. Id rather wait and do it when the time is right.

So yeah i will be employing people in the future, and the fact is Obama is going to make it VERY hard for me to expand and very hard for me to employ MORE PEOPLE.

Travis, and you know i respect you, youve had your own thing now for what 2 years? and you still only employ yourself. Do you have a business license? are you SERIOUS about growing and making more money like i am?

I dont think you are i get the sense that you are just doing this to do it. You arent going to be doing this when you are 40. You can make $30,000 or more a year doing what you are doing and work the hours you want.

My question to you is WHERE DO YOU SEE YOURSELF in 5 YEARS?

v-empire
10-02-2008, 12:43 PM
i wish you all the best, mr. sexy pants!

the fact that OBAMA or ANY other person in office will make is difficult, is untrue and you know that for a fact.

there is a reason why the rich is rich and the poor stays poor.

there is a reason why there are rich people in mexico, congo, india, sweden, germany, USA, etc.... their excuses are not political, infact, they have no excuse.

they adapt. and i know you have it in you. get 'em tiger.

Vteckidd
10-02-2008, 12:49 PM
i wish you all the best, mr. sexy pants!

the fact that OBAMA or ANY other person in office will make is difficult, is untrue and you know that for a fact.

there is a reason why the rich is rich and the poor stays poor.

there is a reason why there are rich people in mexico, congo, india, sweden, germany, USA, etc.... their excuses are not political, infact, they have no excuse.

they adapt. and i know you have it in you. get 'em tiger.
You cant be serious. Dave you know i respect you too, but this isnt going to affect you?



In 2006 (the latest year available), $706 billion of such income was reported to the Internal Revenue Service. Of this, about half was reported by households in the top marginal income tax rate. Interestingly, two-thirds of this income was reported by households making $250,000 per year or more — the very same households that Obama wants to increase taxes on.
See also

* VP prospects move to fix flaws
* Controversy precedes Obama Germany visit
* McCain camp reassures GOP of finances

The Obama campaign maintains that the number of small-business owners is what’s important. Economists know what matters is the tax rate that’s applied to the bulk of small-business income. Make no mistake about it: Obama’s plan to raise taxes on households making more than $250,000 will raise taxes on most small-business profits in America.

What type of tax rate are we talking about? Currently, S corporations face a top tax rate of 35 percent, while sole proprietors and general partners face a tax rate of 37.9 percent (since they’re responsible for paying both income tax and the Medicare component of the payroll tax).

Under Obama’s plan to let the scheduled 2011 tax rate hikes occur, and his plan to raise the self-employment tax on those making more than $250,000, the S corporation rate would rise from 35 percent to 39.6 percent. The sole proprietor and partner rate would rise from 37.9 percent all the way up to a staggering 50.3 percent. Many Democrats in Congress have proposed making all small businesses (including S corporations) pay this 50-plus percent rate. A small business tax rate that high would be the highest marginal rate faced by them in nearly a quarter-century.

silversol
10-02-2008, 01:03 PM
I really hate talking about it because it comes off as arrogant. But let me make this point.

you have to START somewhere. Many businesses dont last 6 months, some shorter. i work pretty damn hard, ive paid my dues and busted my ass for the last 6 years working for other people, learning the ropes, making mistakes, making sh!t pay, sacrificing, etc.

Im blessed to be in the position i am and to be doing what im doing. Im blessed to be able to eat day and to be able to survive.

Im hungry though, i want to make alot of money. I want to expand, i want to open a shop, i want to get into emissions stations, car washes, day trading, and other stuff.

So in the NEAR future, and im not BSing, i want to employ more than myself.

My business model has been to keep COSTS low in my first 2 years, i do primarily INTERNET sales, i dont require a storefront. 1% of my total sales were local, 99% is online out of state or country.

Why should i go get a $1000 month building and have that liability when i dont need it right now? id rather save that $1000 a month $($12000/year) and keep it as operating capital, or invest it in equipment.

Next summer i want to open my own shop that is going to cost me $50,000 minimum. Between lifts and a dyno. I couldh ave opened a shop by now but it would have been half assed and not done right. Id rather wait and do it when the time is right.

So yeah i will be employing people in the future, and the fact is Obama is going to make it VERY hard for me to expand and very hard for me to employ MORE PEOPLE.

Travis, and you know i respect you, youve had your own thing now for what 2 years? and you still only employ yourself. Do you have a business license? are you SERIOUS about growing and making more money like i am?

I dont think you are i get the sense that you are just doing this to do it. You arent going to be doing this when you are 40. You can make $30,000 or more a year doing what you are doing and work the hours you want.

My question to you is WHERE DO YOU SEE YOURSELF in 5 YEARS?

mike i do have respect for you also even tho we dont see eye to eye when it comes to politics! yes i am serious about growing and makeing more money. i was in the process of getting my dealers licence but you know my age and the insurence involed its not a smart choice and the moment. you know it takes alot of money to get a dealers licence and with the economy like it is who is buying cars? who has money for a car at the moment? or a good job? so why put out the big bucks to do it when you know it will fail due to the economy.

in 16 months i will be 25 and the insurance will be more affordable and depending on the economy i hope to have a lot and thing going well as a car dealer licence in the next 5 years. i wish you well on opening a performance shop and i hope we can do bussiness in the future. but where do you think the "import" market is going to be in 5 years? or any performance automotive bussiness will be in 5 years?

And like you said your self as a bussiness owner you get many "tax write offs" but if i am makeing 300K a year profit whats the big deal paying the extra tax? do you think its fair you makeing 300K a year profit that you should have to pay the same amout in tax as the guy makeing 50k a year?

v-empire
10-02-2008, 01:11 PM
You cant be serious. Dave you know i respect you too, but this isnt going to affect you?

no its not.

what you dont know also is, before i got my green card and had my hands tied behind my back with just a student then work visa..

i couldnt work anywhere, i couldnt apply for a loan, get any assistance, i had to work under the table really hard, in fact sun up til sun down, to pay for my tuition.

i worked so hard, it would make most men cry, and even slept on the streets of NJ, just to make it thru college and pay everyting in full.

what you dont know is i had to work around my visa status as soon as SEPT 11 happened and the economy took a ****ter and has not recovered till now, and the govt cutting off H1-B visas to recent internatinal graduates.

I got job offered at Lehman Bros., Deutsche bank, Canton Fitzgerald and they all went down with the twin towers.

So no large corporation would hire international graduates unless they were transfered from another company already.(within those periods)

long story short, worked for a couple of corporate firms then started my own business thru other means... and i am here today.

i never give up and i ve been growing as a person, an investor and learning to adapt to changes as they go along.

i cant depend on the economy, the laws, the president, the crowd etc.... its decisions i make that will change my life.

if i was dependent on anyother forces and not move for the smarter decision, i would be back in my country as a second grade citizens with less rights then someone else. everything that america/freedom is against.

as of today, i m looking to acquire investments of over 7 figures, something i ve not done and i am scared... but it will change my life if it goes thru despite the risk and the economy and despite who comes into office.
excuses show the worst in somebody. i would have zero dollars in the bank to being worth 7 figures all in a matter of minutes of a deal if it ever goes thru.

i will be a millionaire with or without help from the govt. makes no difference to me. they have been my biggest set back as far as i know, so what difference is it going to make......

i just feel bad for the others.

i dont see either of them as politicians of the re or blue, i see them as people i can relate.

someone i can see meeting with other political leaders and breaking barriers and proving to the world, america is not about supremacy or about capitalist and deterrant forces... but america is about its people.

im simplicity and ignorant phrase from me, of course i read both their agendas and listen to both of them continuosly coz i am about learning, my simple analogy, politics aside is...

i would vouch for a man with one humble house and drive a ford escape hybrid, who has more to lose if he loses his house, then a man who is worth 150 million and have 13 houses and mansions and 12 cars.

altho that doesnt matter in the race to the seat, but its a great motivation for me. he has made his decisions and have come thus far from humble beginings....i d give that man a chance to run.

it shows alot of courage.

i appreciate your respect. thanks, Mike.

Alan®
10-02-2008, 02:18 PM
no its not.

what you dont know also is, before i got my green card and had my hands tied behind my back with just a student then work visa..

i couldnt work anywhere, i couldnt apply for a loan, get any assistance, i had to work under the table really hard, in fact sun up til sun down, to pay for my tuition.

i worked so hard, it would make most men cry, and even slept on the streets of NJ, just to make it thru college and pay everyting in full.

what you dont know is i had to work around my visa status as soon as SEPT 11 happened and the economy took a ****ter and has not recovered till now, and the govt cutting off H1-B visas to recent internatinal graduates.

I got job offered at Lehman Bros., Deutsche bank, Canton Fitzgerald and they all went down with the twin towers.

So no large corporation would hire international graduates unless they were transfered from another company already.(within those periods)

long story short, worked for a couple of corporate firms then started my own business thru other means... and i am here today.

i never give up and i ve been growing as a person, an investor and learning to adapt to changes as they go along.

i cant depend on the economy, the laws, the president, the crowd etc.... its decisions i make that will change my life.

if i was dependent on anyother forces and not move for the smarter decision, i would be back in my country as a second grade citizens with less rights then someone else. everything that america/freedom is against.

as of today, i m looking to acquire investments of over 7 figures, something i ve not done and i am scared... but it will change my life if it goes thru despite the risk and the economy and despite who comes into office.
excuses show the worst in somebody. i would have zero dollars in the bank to being worth 7 figures all in a matter of minutes of a deal if it ever goes thru.

i will be a millionaire with or without help from the govt. makes no difference to me. they have been my biggest set back as far as i know, so what difference is it going to make......

i just feel bad for the others.

i dont see either of them as politicians of the re or blue, i see them as people i can relate.

someone i can see meeting with other political leaders and breaking barriers and proving to the world, america is not about supremacy or about capitalist and deterrant forces... but america is about its people.

im simplicity and ignorant phrase from me, of course i read both their agendas and listen to both of them continuosly coz i am about learning, my simple analogy, politics aside is...

i would vouch for a man with one humble house and drive a ford escape hybrid, who has more to lose if he loses his house, then a man who is worth 150 million and have 13 houses and mansions and 12 cars.

altho that doesnt matter in the race to the seat, but its a great motivation for me. he has made his decisions and have come thus far from humble beginings....i d give that man a chance to run.

it shows alot of courage.

i appreciate your respect. thanks, Mike.

WOW. That's all I can say after reading this post. But I still have one question. Why after everything you have been through would you or anyone else in your cituation want someone in office that is going to take 60% of what you have worked so hard for?

tony
10-02-2008, 02:26 PM
Another good post just completely glossed over, exactly why I just sit back and watch the BS rather than engage in mindless banter.

v-empire
10-02-2008, 02:40 PM
WOW. That's all I can say after reading this post. But I still have one question. Why after everything you have been through would you or anyone else in your cituation want someone in office that is going to take 60% of what you have worked so hard for?

lol..no one is going to take anything away from me.

that's ignorant to think so.

twinj
10-02-2008, 02:40 PM
Nope.

GTScoob
10-02-2008, 02:47 PM
Are all of you selfish enough to only care about your own personal well-being? Come on, we're not in the wild west now where you have to watch after yourself and your own survival, we're in the 21st century. Domestic realism is dead, the zero-sum game is over at least in all markets except for the international economy. Welcome to the future where we try to help our nation as a whole improve instead of just letting the income gap spread to extremes.

Everywhere else in the world people dont ***** about income redistribution, they accept it because it increases your national prestige and wellbeing and believe it or not helps the economy since lower class citizens have more money to spend on goods and essentials. And they're not the ones sending American dollars to oversee corporations to drive expensive German cars, or buy Italian shoes. You know the easiest way to improve an economy? Balance your trade deficits, import less than you export. Keep american dollars in america and try to convince the rest of the world to invest their money here (although we've got legislation forbidding FDI in several sensitive albeit profitable fields).

BobbyFresco
10-02-2008, 02:52 PM
Are all of you selfish enough to only care about your own personal well-being? Come on, we're not in the wild west now where you have to watch after yourself and your own survival, we're in the 21st century. Domestic realism is dead, the zero-sum game is over at least in all markets except for the international economy. Welcome to the future where we try to help our nation as a whole improve instead of just letting the income gap spread to extremes.

Everywhere else in the world people dont ***** about income redistribution, they accept it because it increases your national prestige and wellbeing and believe it or not helps the economy since lower class citizens have more money to spend on goods and essentials. And they're not the ones sending American dollars to oversee corporations to drive expensive German cars, or buy Italian shoes. You know the easiest way to improve an economy? Balance your trade deficits, import less than you export. Keep american dollars in america and try to convince the rest of the world to invest their money here (although we've got legislation forbidding FDI in several sensitive albeit profitable fields).


Excellent post.

The Ninja
10-02-2008, 03:20 PM
$35,000 is more than enough for someone not supporting a family at any age, to life "comfortably".

I wish I were making $35k, at the age of 19, I'd be f*cking ballin.

I'd be ballin if I made $40k when I'm 21.

Making $250k a year is rich. Making $150k a year is rich. Making $100k a year is rich.

The Ninja
10-02-2008, 03:21 PM
Sorta lost my train of thought on that post because class ended and I had to relocate, lol. My bad.

The Ninja
10-02-2008, 03:26 PM
Are all of you selfish enough to only care about your own personal well-being? Come on, we're not in the wild west now where you have to watch after yourself and your own survival, we're in the 21st century. Domestic realism is dead, the zero-sum game is over at least in all markets except for the international economy. Welcome to the future where we try to help our nation as a whole improve instead of just letting the income gap spread to extremes.

Everywhere else in the world people dont ***** about income redistribution, they accept it because it increases your national prestige and wellbeing and believe it or not helps the economy since lower class citizens have more money to spend on goods and essentials. And they're not the ones sending American dollars to oversee corporations to drive expensive German cars, or buy Italian shoes. You know the easiest way to improve an economy? Balance your trade deficits, import less than you export. Keep american dollars in america and try to convince the rest of the world to invest their money here (although we've got legislation forbidding FDI in several sensitive albeit profitable fields).


Fact of the matter is, America is greedy. The American is overly greedy, often mistake for being ambitious.

Rule of Thumb: The rich mostly care about getting richer/ maintaining their wealth, there are exceptions, but it is more than safe to say that if the government didn't tax "rich" people, then they would divert that money into getting richer. A few of them would donate money, but no where near enough to compensate for those that don't, because even if they do donate, they surely wouldn't donate as much as they were being taxed. If they would donate as much as they were being taxed, then they wouldn't ***** about the tax being imposed on them.

bigdare23
10-02-2008, 07:37 PM
Whose talking about RAISING TAXES?

The mccain plan CUTS taxes for MIddle class people and he will KEEP THE bUSH TAX CUTS

This is ALL LIES from Obama. He is only saying this to get elected, there is NO WAY HE CAN SPEND THE 900BILLION he is proposing and CUT taxes at the same time. IT CANNOT HAPPEN especially with the bail out .

Hes going to do EXACTLY what Clinton did, which was promise a middle class tax cut, get into office, then say "we cant do it, and oh by the way im going to increase your taxes"

Clinton did the SAME THING

Never said anyone was going to raise taxes. Just doing a comparison.

bigdare23
10-02-2008, 07:44 PM
5+5=10 ....... 5 * 45 = 225....... 225^1/2 = 15...... 10 =/= 15


Just a simple mistake, but you get the point... ;)

Vteckidd
10-02-2008, 09:17 PM
Another good post just completely glossed over, exactly why I just sit back and watch the BS rather than engage in mindless banter.
I'll get to it

alpine_aw11
10-02-2008, 10:02 PM
IMO, saying all of us that don't make 250k or above shouldn't care about how much they get taxed is like saying those who make 250k+ shouldn't care about how much everyone below their income level gets taxed.

JConner
10-02-2008, 10:58 PM
IMO, saying all of us that don't make 250k or above shouldn't care about how much they get taxed is like saying those who make 250k+ shouldn't care about how much everyone below their income level gets taxed.

actually we should....because one day I hope to make that kind of money. Plus those people are the job providers....and plus some of our parents make that kind of money. Why would I want to vote for someone who is going to tax my hopes and dreams, my parents, and my employer?


edit: i think i read your post wrong the first time....but my statement still stands! :cheers:

blaknoize
10-17-2008, 06:12 PM
actually we should....because one day I hope to make that kind of money. Plus those people are the job providers....and plus some of our parents make that kind of money. Why would I want to vote for someone who is going to tax my hopes and dreams, my parents, and my employer?


edit: i think i read your post wrong the first time....but my statement still stands! :cheers:

Job providers? Since when? I know, as well as u kno , lots of those who make that much are not job providers.

ironchef
10-17-2008, 06:34 PM
$35,000 is more than enough for someone not supporting a family at any age, to life "comfortably".

I wish I were making $35k, at the age of 19, I'd be f*cking ballin.

I'd be ballin if I made $40k when I'm 21.

Making $250k a year is rich. Making $150k a year is rich. Making $100k a year is rich.$35k in this day and age is not that much money. Its only about $27k or so after taxes depending on exemptions and what not.

Lets break it down:
Rent/Mortgage ~ $650 at the minimum x 12 = $7800
Utilities (Including everything) ~ $300 (high estimate) x 12 = $3600
Car/Health Insurance (Obviously going to vary, but for the sake of argument) $300 x 12 = $3600
Average monthly car payment (accord to edmunds.com) $480 x 12 = $5760

That alone totals to $20,760 which leaves you with $6,240 which / 12 = $520/month. Thats all you'll have left for groceries, going out, etc. Not going to put away much into a savings account, IRA, or 401k with that kind of dough and expenses.

When you break it down, making $35k a year is really not much, you definitely wouldn't be ballin', especially with increased inflation and energy costs.

green91
10-17-2008, 06:42 PM
I make well over $35k and i am single, and its still hard to live on man. You gotta get closer to $50k as a single person to live remotely comfortable with a mortgage & car pmnt.

0p7!mu5
10-18-2008, 12:42 PM
i hear that I make roughly 30-31 with overtime included and its a pain. yes im buying a house but 1. I have roomates, and 2 I do my homework. Honestly comming from both ends of this agument (my family does have money and are well off in most respects) while some of my fam does make that much they arent sewating it any. its not goin to stop my great uncle from payin1000 per fill up for his motor home each time he stops. Yeah we all are goin to lose money but nobody has come up with decent alternatives. I still say the fair tax isnt a bad idea. hell if taxes on food are goin to go up i'd rather have my damn 1300 paycheck to buy food than a 850 paycheck to buy stuff after we get taxed to death. if Im goin to get taxed I may as well have some extra cash and I wont complain.

SleepingTalon
10-18-2008, 01:43 PM
I make that...actually, I make more than that, but the end result is the same. Essentially, what happens with me is that I have to figure out another way to try to keep my money (or most of it). Over the years, I've devised ways to do so, but the nature of my business, and the sheer volume I do, helps me to do so. Right now, I (my company, as I'm the COO), does $52 million/year in business, 90% of which is done through LC's I have open in foreign banks, as those foreign countries are the countries of origin for all my products. At any rate, if I take a hit, I pass the hit down the line, that's just how it works. If that means that the commission rate has to go from .03 cents, to .05 cents, then that's what happens, and trust me, it already has. This type of thing is what happens in all forms of business. Nobody wants to get their pocket skimmed without passing the "tax" onto someone else. Ultimately, it follows itself down the chain, but that's just the way it works sometimes.

-S Double C-
10-18-2008, 01:47 PM
NEverNufTorq i can vouch for

My family makes over 250K and i will be in the next few years. So yeah im thinking ahead, not today and where i want to be in the next 4 years.



So, thats not the point any rebuttle to my long winded factual post?

What does nevernuftorq do for a living..his ass gave me this petty ass story about losing his house and etccc...and being broke and i had no job at the time and needed the money so i sold a 8 thousand dollar car for 3800 to someone who is "RICH" in my book. Im 20 and come january i will have made about 40k for half maybe a little over half a year and next year i will most certainly clear 60k maybe make around 70k and i consider it living wonderfully. I dont have any debt any worrys and everything i own is pretty much paid for by me. However it's not what i want to do the rest of my life. I work up to 84 hours a week sometimes to make sure production is shipped out on time and it sucks. After a year with my company id like to go to paid college to be an engineer then get promoted and a job starting out at 120k a year...and even then ill be looking for way to better myself. I hate how taxes are set up even now i have 500+ a week coming out of my check and id hate to see what it might be later on if life. I personally dont think anything will ever get better with the economy it will just get worse.

BobbyFresco
10-19-2008, 07:36 AM
I make that...actually, I make more than that, but the end result is the same. Essentially, what happens with me is that I have to figure out another way to try to keep my money (or most of it). Over the years, I've devised ways to do so, but the nature of my business, and the sheer volume I do, helps me to do so. Right now, I (my company, as I'm the COO), does $52 million/year in business, 90% of which is done through LC's I have open in foreign banks, as those foreign countries are the countries of origin for all my products. At any rate, if I take a hit, I pass the hit down the line, that's just how it works. If that means that the commission rate has to go from .03 cents, to .05 cents, then that's what happens, and trust me, it already has. This type of thing is what happens in all forms of business. Nobody wants to get their pocket skimmed without passing the "tax" onto someone else. Ultimately, it follows itself down the chain, but that's just the way it works sometimes.



This is exactly why you don't hear of the more affluent Americans freaking out about the raising of taxes when Obama becomes president.

Having grown up in a well to do household and having many friends that have as well, not to mention as an adult and own experiences, if you have money, you know how to hide it, or you find a loophole or what have you. People with real money, the ones who stand to "lose" the most are not worried in the slightest. Ppl talk about how much tax revenue we lose from illegals, if you only knew how mich money we lose from Americans some of you would stfu, from those that don't pay taxes period to those that hide their money well enough where the taxes they do pay don't mean shit.

SPOOLIN
10-19-2008, 10:28 AM
Everyone talking about how redistribution is great and works for other places, well move there and take handouts and leave America alone.

Vteckidd
10-19-2008, 10:50 AM
This is exactly why you don't hear of the more affluent Americans freaking out about the raising of taxes when Obama becomes president.

Having grown up in a well to do household and having many friends that have as well, not to mention as an adult and own experiences, if you have money, you know how to hide it, or you find a loophole or what have you. People with real money, the ones who stand to "lose" the most are not worried in the slightest. Ppl talk about how much tax revenue we lose from illegals, if you only knew how mich money we lose from Americans some of you would stfu, from those that don't pay taxes period to those that hide their money well enough where the taxes they do pay don't mean shit.

you dont watch the news much.

Did you comprehend what he just said? hes going to pass the cost down the line to YOU the CONSUMER.

Sure the super rich or the people with alot of money arent going to go broke thats not the arguement. The argument is they are going to pass that added cost onto SOMEONE they arent going to merely absorb it.

SO what happens when they raise the price of goods across the board? cut jobs, etc

What good is your tax cut if everything costs more.

BobbyFresco
10-19-2008, 11:01 AM
you dont watch the news much.

Did you comprehend what he just said? hes going to pass the cost down the line to YOU the CONSUMER.

Sure the super rich or the people with alot of money arent going to go broke thats not the arguement. The argument is they are going to pass that added cost onto SOMEONE they arent going to merely absorb it.

SO what happens when they raise the price of goods across the board? cut jobs, etc

What good is your tax cut if everything costs more.




Hmmm, ok, let's think about this for a minute.

Jobs are moving overseas. Americans are losing jobs to foreigners making less.
Companies are making money. Getting tax breaks, yet the price of goods is still rising. So you think raising taxes is going to make things worse than they already are? and once AGAIN, where do you propose to money come from to make up for the severe deficit we are in?

Vteckidd
10-19-2008, 11:03 AM
Hmmm, ok, let's think about this for a minute.

Jobs are moving overseas. Americans are losing jobs to foreigners making less.
Companies are making money. Getting tax breaks, yet the price of goods is still rising. So you think raising taxes is going to make things worse than they already are? and once AGAIN, where do you propose to money come from to make up for the severe deficit we are in?
prove to me jobs are going overseas, its a nice thing to say, but why is our GDP increasing?

Alan®
10-20-2008, 10:20 AM
prove to me jobs are going overseas, its a nice thing to say, but why is our GDP increasing?
again its also a researchable fact that more jobs are lost to automation or advancemnts in technology than jobs being shipped overseas.

blaknoize
10-20-2008, 12:31 PM
I make well over $35k and i am single, and its still hard to live on man. You gotta get closer to $50k as a single person to live remotely comfortable with a mortgage & car pmnt.

Well u sir are not living within ur means. If u cant live comfy with roughly 27;30K then u need to stop acting like ur making lots of money.

I'm fine at my 27 some odd a year. I dont OWN stuff I cant afford. My year end free money is roughly 9k. With no car payment, a decent apartment and all my long road trips.

blaknoize
10-20-2008, 12:33 PM
prove to me jobs are going overseas, its a nice thing to say, but why is our GDP increasing?

Well if u were here u'd already see. Ohio is losing jobs almost every month. 2 factories near my work has closed. No telling where they went, but they surely arent here.

BanginJimmy
12-16-2008, 10:14 AM
Well if u were here u'd already see. Ohio is losing jobs almost every month. 2 factories near my work has closed. No telling where they went, but they surely arent here.


I would guess that more than 95% of those jobs just went away, they didnt move.

Volcom
12-18-2008, 01:17 PM
either way both candidates would have made a difference. obama could have cheated know one really knows so its not a big issue. but hope everything gets better.

lilmanx01
12-21-2008, 04:51 PM
what the hell do you plan on doing? lol

na my wife and i make close to that but i'm hoping maybe in the next ten years we can open up our own DRUG DEALING business :bump:


than you will still be okay cause you wont file for taxes ;)

BTEC
12-21-2008, 08:54 PM
i dnt make quite 250k right now. i mean i could make that easy i just dnt feel like having the publicity. I like being one that u can meet, envy and forget at the same time.

VIP Style
01-20-2009, 02:13 PM
lol
whoops i thought it said 25k :ninja:

Ferio4ya
01-24-2009, 10:33 AM
whoops i thought it said 25k :ninja:

LOL:lmfao: sucks for joe the plumber