[Blake]

Originally Posted by Yay-Z

Lets just thank the man up high we are in the tax bracket to afford such toys

i don't believe in harry potter. i believe in capitalism.

[Blake]

and i'm not saying that less fortunate people are slobs, but it comes down to education. if you're not willing to give yourself the free education that's offered to you as an american and decide you're going to squeeze out babies for government cheese or sell crack, then you're a slob. people that are WILLING to educate themselves and work to make an honest living everyday aren't dependent on a government handouts. but more and more (and i see it directly proportionate to education), people are depending on free money, handouts, and government housing because it's easy and convenient. the economy can only be so much of it. then it comes down to humility...doing something that someone might not want to do. there's always a way, but it's so easy to say fuck it these days.

[TMNT]

If some of you fools think the "welfare slobs" are the ones causing high taxes then you are extremely ill informed.

It's about 8% of the federal budget.

You want to really reduce our taxes? Get rid of Social Security.

Educate yourself and go learn about the Federal budget. It's public record.

[MediaArtist]

Originally Posted by Feyd

So happy I moved...

I paid like $638 for regestration and then moved about 30 days later to Chicago. I called them up for a refund (I mean why wouldn't they give me one?) and they told me that "1 day counts just as much as 365" and there were no pro-rated refunds. WTF?

So, all you Californians... you are welcome.

Thanks!

[JayKay335i]

I dont have any money. I dont pay taxes. I dont have an income.


My question is, I have some $$ stuffed away in the stock market in an e-trade account. Its roughly tripled since I put it in almost a year ago. I know if I take it out I'll have to pay taxes on the profit. If I sell the stocks but reinvest them without ever taking them out of my account, would I have to pay taxes or would I be in the clear since I never actually "had" the money per say.

[Feyd]

Originally Posted by dark335i

just curious, what type of consultant are you and your wife? what do you consult about?

I'm a production engineer.... I figure out how to makes things better/faster/cheaper.

The wife is in advertising, specficially web analytics and metrics. Oddly enough her job description is pretty close to mine, but with websites and banner ads instead of steel tube and wire.

[JayKay335i]

I like to touch girls butts in public.

[Feyd]

[JayKay335i]

Because nobody ever answers my serious questions.

[Feyd]

Originally Posted by JayKay335i

I dont have any money. I dont pay taxes. I dont have an income.


My question is, I have some $$ stuffed away in the stock market in an e-trade account. Its roughly tripled since I put it in almost a year ago. I know if I take it out I'll have to pay taxes on the profit. If I sell the stocks but reinvest them without ever taking them out of my account, would I have to pay taxes or would I be in the clear since I never actually "had" the money per say.

What this?

E-Trade will generate a tax form for you at the end of the year assuming you made over the minimum (At least I think there is a minimum cap) and you will be responsible for paying the appropriate capital gains taxes on the profits. Even if you reinvest everything. Don't worry man... Uncle Sam ensures that they'll get a piece of the pie regardless.

About the only way you can skip out on paying taxes on an investment account is through a 401k where the contributions are put in "pre-tax" and as long as you don't withdrawl them until retirement age will be tax free.

*edit*

Or you can put "after-tax" money into a Roth IRA and then not pay any money on any of the earnings....

[darkcloud]

Originally Posted by TMNT

If some of you fools think the "welfare slobs" are the ones causing high taxes then you are extremely ill informed.

It's about 8% of the federal budget.

You want to really reduce our taxes? Get rid of Social Security.

Educate yourself and go learn about the Federal budget. It's public record.

, thats funny you brought this up. Over easter my wife and I put social security and Obama on blast during dinner in front of her grandparents. They praised both up and down.

Problem is we got our SS statements just days before. Kinda liked the included letter that basically said to "not count on collecting 100% of what you are owed from SS", but in more words. To count on a more realistic 60% or so of what I would have been. Fuck that.

[JayKay335i]

Originally Posted by Feyd

What this?

E-Trade will generate a tax form for you at the end of the year assuming you made over the minimum (At least I think there is a minimum cap) and you will be responsible for paying the appropriate capital gains taxes on the profits. Even if you reinvest everything. Don't worry man... Uncle Sam ensures that they'll get a piece of the pie regardless.

About the only way you can skip out on paying taxes on an investment account is through a 401k where the contributions are put in "pre-tax" and as long as you don't withdrawl them until retirement age will be tax free.

*edit*

Or you can put "after-tax" money into a Roth IRA and then not pay any money on any of the earnings....

Hmmmmmsssss..... Thanks. I'm pretty sure since I'm still considered a student I don't meet the requirements to pay the man in the baggy pants.

[Feyd]

Originally Posted by JayKay335i

Hmmmmmsssss..... Thanks. I'm pretty sure since I'm still considered a student I don't meet the requirements to pay the man in the baggy pants.

Don't be so sure... I don't know your circumstances, or what kind of money you are talking about, but:

If you are a dependant (for instance on your parents return) and earn more than $5450 you have to pay taxes

If you are NOT dependant and earn more than $8950 you have to pay taxes

[CollinsE90]

Originally Posted by Feyd

Don't be so sure... I don't know your circumstances, or what kind of money you are talking about, but:

If you are a dependant (for instance on your parents return) and earn more than $5450 you have to pay taxes

If you are NOT dependant and earn more than $8950 you have to pay taxes

he sells semen, sometimes he gives it for free...

[Feyd]

I see... well, perhaps the "depository" will be sending him a 1099-MISC form (extra emphasis on the MISC)

LOL

[FStop7]

47% of the country pays no taxes. They shouldn't be allowed to vote. Military excepted.

[CollinsE90]

Originally Posted by FStop7

47% of the country pays no taxes. They shouldn't be allowed to vote. Military excepted.

is that a legit #?

[FStop7]

Originally Posted by CollinsE90

is that a legit #?

Yes.

http://news.yahoo.com/s/ap/20100407/...ge/us_no_taxes

[CollinsE90]

Originally Posted by FStop7

Yes.

http://news.yahoo.com/s/ap/20100407/...ge/us_no_taxes

10% of those people actually suffered and was in desperate need of money and deserved to be exempt from taxes...the rest was scum that is looking for a check

[Hawkeye]

Originally Posted by KingOfJericho

You guys that actually have to write checks, what type of jobs do you have? I make good money (could have bought a 335i with what I paid last year) but haven't ever had to pay more than what was deducted from my paycheck. Are you self-employed or something?

You can claim more deductions than you actually have and have a lot less taxes taken out of your paycheck. You will end up owning but some people like to have the money now for investments and pay it back later rather than have the government hold onto the money for them.

Originally Posted by FStop7

47% of the country pays no taxes. They shouldn't be allowed to vote. Military excepted.

Why military excepted? I think they should have to pay taxes or not get to vote as well. Hell, it is just a job that they are paid for. Granted it is on the more dangerous side, but that should not exempt from taxes IMO.

[BCA]

Originally Posted by Blake

and i'm not saying that less fortunate people are slobs, but it comes down to education. if you're not willing to give yourself the free education that's offered to you as an american and decide you're going to squeeze out babies for government cheese or sell crack, then you're a slob. people that are WILLING to educate themselves and work to make an honest living everyday aren't dependent on a government handouts. but more and more (and i see it directly proportionate to education), people are depending on free money, handouts, and government housing because it's easy and convenient. the economy can only be so much of it. then it comes down to humility...doing something that someone might not want to do. there's always a way, but it's so easy to say fuck it these days.

bingo

Originally Posted by FStop7

Yes.

http://news.yahoo.com/s/ap/20100407/...ge/us_no_taxes

haha...I was just about to post this in response to the "I don't pay taxes" comments earlier

[TMNT]

47%...?

Crazy how you can make numbers say anything.

http://voices.washingtonpost.com/ezr...y_no_taxe.html

http://www.nytimes.com/2010/04/14/bu...leonhardt.html