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Message
re: Feeling broke on a $665K salary
Posted on 1/21/24 at 3:21 pm to Puffoluffagus
Posted on 1/21/24 at 3:21 pm to Puffoluffagus
This post was edited on 1/21/24 at 3:25 pm
Posted on 1/21/24 at 3:22 pm to Deactived
quote:Wait, what?
had to take an uber to work for over a year because he had no money.
Did he have to live on DoorDash because he couldn't afford groceries, too?
Posted on 1/21/24 at 3:24 pm to Will Cover
Its not what you make its how you manage.
Posted on 1/21/24 at 3:24 pm to RogerTheShrubber
quote:Talk about some delusional idiots. $525,000 a year.
Millennials: $525,000, with a net worth of $1,699,571
And besides that, if you only have a net worth of $1.7 million after earnings over half a mil a year, you’re a retard.
Posted on 1/21/24 at 3:30 pm to Corinthians420
quote:
if you are self employed or even have an entrepreneurial side business you can offset vehicle mileage, shipping, advertising, website fees, percentage of home internet charges used for business, professional publications, dues, memberships, business-related travel, office supplies, anything related to home office. You can buy properties and write off accelerated depreciation. there are a lot better options than just handing a check to the government.
Yes I know what deductions and expenses are. Hence why having an effective 20% tax rate on a million dollar income(200k) is actually pretty good. If someone had no deductions expenses they'd be writing a 300k+ check.
Yes its reasonable to try to classify as many of your expenses as business related to get the deduction, but You also seem to be under the impression that it's a good idea to spend money on business expenses if it means it'll lower the tax bill...which it's not.
Posted on 1/21/24 at 3:30 pm to Corinthians420
Double.post
This post was edited on 1/21/24 at 3:31 pm
Posted on 1/21/24 at 3:31 pm to Deactived
quote:
quote:
“I made a million dollars last year,my tax bill is $200,000 a
I would get a new cpa
I'd snitch on him to the IRS for the reward.
Posted on 1/21/24 at 3:31 pm to Deactived
quote:
had to take an uber to work for over a year because he had no money.
Was the uber free?
What did the Uber ride a day cost? Let's figure this out.
Posted on 1/21/24 at 3:36 pm to fallguy_1978
quote:
284k? The median US household income is 75k
I swear some people are so insulated from reality it's perplexing
Posted on 1/21/24 at 3:38 pm to Deactived
quote:
Why would the uber be free?
Maybe he was the Uber.
Posted on 1/21/24 at 3:38 pm to Puffoluffagus
quote:
You also seem to be under the impression that it's a good idea to spend money on business expenses if it means it'll lower the tax bill...which it's not
business expenses = assets
Posted on 1/21/24 at 3:39 pm to Deactived
You said he didn't have any money so he took an uber.
I know you were not speaking in literal sense, but it was just funny to read at first.
I know you were not speaking in literal sense, but it was just funny to read at first.
Posted on 1/21/24 at 3:40 pm to LSUA 75
quote:I’d kill the bitch.
He told her “I made a million dollars last year,my tax bill is $200,000 and I have $200 in my checking account.”
Knowing him and his situation, it was his wife that was the spendaholic and he couldn’t control her He didn’t wear expensive clothes,he drove an old Chevrolet truck.
Posted on 1/21/24 at 3:49 pm to OweO
The money went out as soon as it came in. It was basically spent before the check came in
Posted on 1/21/24 at 3:52 pm to Will Cover
quote:
Jeff earns an enviable $665,000 a year, the couple — married 19 years — are still struggling to pay the bills.
Sounds like a spending problem. Bet he isn’t saving much for retirement either
Posted on 1/21/24 at 3:53 pm to StringedInstruments
quote:
This pisses me off
Why? It’s not your money he’s wasting.
Posted on 1/21/24 at 3:54 pm to Will Cover
quote:
Jeff’s salary is high (his take-home pay, after taxes, is $426,000 a year)
Chump change
Posted on 1/21/24 at 3:55 pm to fallguy_1978
quote:
284k? The median US household income is 75k
I’d like to see the median income for white, college educated males.
Posted on 1/21/24 at 3:56 pm to CobraCommander83
quote:
CobraCommander83
is this the opposite of ClitCommander?
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