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re: Poors Profiting from The Rona

Posted on 5/26/20 at 12:56 pm to
Posted by jclem11
Chief Nihilist
Member since Nov 2011
10041 posts
Posted on 5/26/20 at 12:56 pm to
quote:

You're clueless. If you've withheld taxes and don't pay them you're going to get caught. And they are merciless when it happens.
\

You are right dude. I have never dealt with this issue at all in my practice. Never.

I never said they do not get caught or punished. Enough with the strawmans dude. You are a bad faith actor.
This post was edited on 5/26/20 at 5:50 pm
Posted by kingbob
Sorrento, LA
Member since Nov 2010
71232 posts
Posted on 5/26/20 at 12:56 pm to
Personally, I would like to abolish property taxes as well and Switch to an all sales tax, fee for use, and tariff based system. Those seem to be the easiest to collect, easiest to enforce, Most transparent, and “fairest” taxing systems. Eliminating entitlements would make such a system viable.
Posted by Taxing Authority
Houston
Member since Feb 2010
63988 posts
Posted on 5/26/20 at 12:58 pm to
quote:

Link???

quote:

With potential risk comes potential reward
---------
The naivete is strong with this one.
Feel free to clarify.

quote:

My beef is with taking personal expenses as tax deductions.
Your overexaggeration isn't worth having a beef over.
quote:

I have no complaints or wants in life.
Sure about that? See above.
This post was edited on 5/26/20 at 12:59 pm
Posted by Taxing Authority
Houston
Member since Feb 2010
63988 posts
Posted on 5/26/20 at 1:01 pm to
quote:

You are right dude. I have never dealt with this issue at all in my practice as a CPA. Never.

Then you should know better.

quote:

never said they do not get caught or punished. Enough with the strawmans dude. You are a bad faith actor.

You're the one brought it up as a problem.
This post was edited on 5/26/20 at 1:02 pm
Posted by jclem11
Chief Nihilist
Member since Nov 2011
10041 posts
Posted on 5/26/20 at 1:02 pm to
Your sarcasm meter is broken dude. Congrats.
Posted by Taxing Authority
Houston
Member since Feb 2010
63988 posts
Posted on 5/26/20 at 1:06 pm to
quote:

Your sarcasm meter is broken dude. Congrats.

I recognized it perfectly.
Posted by jclem11
Chief Nihilist
Member since Nov 2011
10041 posts
Posted on 5/26/20 at 1:13 pm to
Time to get it tuned up. It's broken.
Posted by Upperdecker
St. George, LA
Member since Nov 2014
33920 posts
Posted on 5/26/20 at 1:44 pm to
You should get the husband tossed back in jail
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
71855 posts
Posted on 5/26/20 at 1:44 pm to
quote:

Lulz. Keep telling yourself that. $100k is not a lot of money.



A single person who theoretically grossed, for example, $119k in 2019, would have received some of that stimulus. $19k to their 401(k), $6.5k for insurance premiums, and $3.5k for HSA contributions, and that person would have gotten something like $500.

For a family of four, theoretically deduct $38k for 401(k) contributions, $10k for premiums, $7000 for HSA, and a gross HHI of $245k would mean you'd have received a $1400 check.
Posted by rocket31
Member since Jan 2008
41888 posts
Posted on 5/26/20 at 1:51 pm to
quote:

They’re not supposed to be getting food stamps if they’re getting unemployment and if especially they’re married and both have income.


is this true?
Posted by StupidBinder
Jawja
Member since Oct 2017
6392 posts
Posted on 5/26/20 at 2:02 pm to
quote:

is this true?


Probably not. SNAP are based solely on income and liquid assets so that part at least is incorrect (unless COVID 19 changed something).

I don’t know about unemployment benefits excluding people from SNAP. That definitely wasn’t always the case and based on the other faulty info, I suspect this info is also faulty.
Posted by cable
Member since Oct 2018
9735 posts
Posted on 5/26/20 at 2:07 pm to
I think your math is a little off bud
Posted by rocket31
Member since Jan 2008
41888 posts
Posted on 5/26/20 at 2:14 pm to
yea, im pretty sure if you had SNAP before this pandemic that they are unable to kick you off before the CARES act expires
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 5/26/20 at 3:10 pm to
quote:

never said they do not get caught or punished. 



Then what's your issue?

Talk about going in circles.
Posted by Thecoz
Member since Dec 2018
3965 posts
Posted on 5/26/20 at 3:27 pm to
Unemployment use to require six months of previous full time employment.... idk if they suspended that for the virus?

And yeah I think your assets play into benefits of other programs...
You need to get Laid off or fired(?) ....not quit

And you can not get unemployment if you got a severance package until it expired from loss income( at least not suppose to legally but most companies will not fight you on that)
Posted by swanny297
NELA
Member since Oct 2013
2189 posts
Posted on 5/26/20 at 3:44 pm to
Wait until they get their 1099G form from the state for taxes on Unemployment
Posted by I Bleed Garnet
Cullman, AL
Member since Jul 2011
54846 posts
Posted on 5/26/20 at 3:45 pm to
quote:

shite, restaurant managers make about that, same with teachers, low level nurses, fire fighters, various government jobs.




So? Still low
None of those people would quit their jobs just to get unemployment
Posted by I Bleed Garnet
Cullman, AL
Member since Jul 2011
54846 posts
Posted on 5/26/20 at 3:47 pm to
quote:

Well that’s just silly and just proves my point even further.

Someone that says this either makes $30k and slums with multiple roommates or makes $100k but lives in debt up to their eyeballs.

Eh depends where you live
In LA yea that’s a lot
Posted by I Bleed Garnet
Cullman, AL
Member since Jul 2011
54846 posts
Posted on 5/26/20 at 3:48 pm to
quote:

I live in Orlando. 100k isn’t really a good living here, it’s mediocre. I imagine 100k in actual major cities is scrapping by.



Lol
I’d imagine 100k in Florida is very nice
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 5/26/20 at 3:50 pm to
quote:

I’d imagine 100k in Florida is very nice


People posting here have a warped sense of what it requires to live well. In most of the country, 100k is good money.,
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