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Title: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: ToxicAvenger on August 08, 2009, 06:55:28 AM
under Obama?



cliff notes answer plez....ask 10 people and ya get 10 different answers
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: Eyeball Chambers on August 08, 2009, 07:05:55 AM
Something is definitely wrong when the government can take almost half your income.
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: ToxicAvenger on August 08, 2009, 07:40:19 AM
Something is definitely wrong when the government can take almost half your income.

well how rich do ya have to be in yrly income?
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: Cap on August 08, 2009, 07:45:12 AM
If you make a lot of money you better hope the state tax doesn't fuck you too.
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed
Post by: GigantorX on August 08, 2009, 07:58:29 AM
If you make any money or produce anything you should be ashamed of yourself and expect to have it all taken away and given to poor people,
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed
Post by: Cap on August 08, 2009, 08:02:21 AM
If you make any money or produce anything you should be ashamed of yourself and expect to have it all taken away and given to poor people,
Better yet, cash it all out and airdrop it in all the areas Obama, Jackson and Sharpton feel need it more.
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: ToxicAvenger on August 08, 2009, 12:09:20 PM
i really would like an answer  >:(
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: MB_722 on August 08, 2009, 12:21:12 PM
38% maximum for people making over 150K+

0% for people making 32K or less
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: headhuntersix on August 08, 2009, 01:01:34 PM
I don't even understand what ur asking. Wealthy or Rich is defined as anybody making over 75K..don't quote me, but we all know that amount of money won't buy u shack in Cali or New York. Uncle Sam takes waaay to much of our money for ridiculous things....and then u get hit by ur state in most cases. I claim Florida so no issues but States like Mass fleece u. The Fed has a narrow mandate by the Constitution to spend ur tax dollars....that hasn't help any of us and it will get worse. Guys like Toxie with computer skills will make a great living atleast on paper but he lives in the Maryland/DC/Virginia area and I will assume is or will get killed by taxes.
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: ToxicAvenger on August 08, 2009, 01:11:11 PM
38% maximum for people making over 150K+

0% for people making 32K or less

38 fucking %????? >:(

so i'm working my ASS of right now so i can have my girl quit her job (she is very sick) and live a comfy life and that douche wants to tax me 38%..WTF
in the next 2 or 3 yrs i WILL be in the over 150k/yr range and i dont wanna have worked hard so that lazy sub human slime can feed off of my hard work...

this is fucking bullshit....i'm pissed
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: Eyeball Chambers on August 08, 2009, 01:15:39 PM
Opinions on a consumption tax?  ???
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: ToxicAvenger on August 08, 2009, 01:22:15 PM
I don't even understand what ur asking. Wealthy or Rich is defined as anybody making over 75K..don't quote me, but we all know that amount of money won't buy u shack in Cali or New York. Uncle Sam takes waaay to much of our money for ridiculous things....and then u get hit by ur state in most cases. I claim Florida so no issues but States like Mass fleece u. The Fed has a narrow mandate by the Constitution to spend ur tax dollars....that hasn't help any of us and it will get worse. Guys like Toxie with computer skills will make a great living atleast on paper but he lives in the Maryland/DC/Virginia area and I will assume is or will get killed by taxes.

lets say i get my CCIE(routing n switching) tomorrow...which immediately puts me in the 130k/yr range...in a few yrs i can move up from there depending on if i get another CCIE (security..big in my area)..or open up my own training center..or consulting firm...thats the long range plan

in any case i will be in Nothern VA...so u r right...taxes will kill me..
however..jobs that want to hire CCIEs are just not available (or not so popolous <sp?>) in areas outside the tech corridor
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: headhuntersix on August 08, 2009, 01:29:02 PM
Which is ur problem...u can make great money but u get taxed to death and the cost of living is ridiculous...ur actually worse in Northern V then I thought u'd be in Maryland. I sorta need to do a Pentagon tour but besides the traffic and being in DC, the cost of living is horrible and I'd either have to live on one of the Posts or live an hour away and do the train thing..i can't do it man. I'm trying to get to Tampa, I can rent a good sized house with a pool and still bank 600 plus of my housing allowance. The market crashed there and people don't have a choice. If u made 150K were I was outside outside of KC..u could live on 3 acres..no neighbors...BIG house 2500 plus square feet and still be downtown in 20  minutes. Ur fucked and I understand completely.
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: ToxicAvenger on August 08, 2009, 01:37:56 PM
Which is ur problem...u can make great money but u get taxed to death and the cost of living is ridiculous...ur actually worse in Northern V then I thought u'd be in Maryland. I sorta need to do a Pentagon tour but besides the traffic and being in DC, the cost of living is horrible and I'd either have to live on one of the Posts or live an hour away and do the train thing..i can't do it man. I'm trying to get to Tampa, I can rent a good sized house with a pool and still bank 600 plus of my housing allowance. The market crashed there and people don't have a choice. If u made 150K were I was outside outside of KC..u could live on 3 acres..no neighbors...BIG house 2500 plus square feet and still be downtown in 20  minutes. Ur fucked and I understand completely.
if i have to move...i'll move...i can take my CCIE anywhere on the planet...EXCEPT..my girl might not wanna...i could live like a king in north dakota with 150k/yr but north dakota isn't hiring upper level engineers..they can get by paying a mid level engineer a lot less :(
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: headhuntersix on August 08, 2009, 01:40:45 PM
Of course thats the problem. I think N.Dakota would be waaay to far but near a big midwest city...u'd do fine and not go crazy.
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: Mons Venus on August 08, 2009, 01:54:45 PM
Which is ur problem...u can make great money but u get taxed to death and the cost of living is ridiculous...ur actually worse in Northern V then I thought u'd be in Maryland. I sorta need to do a Pentagon tour but besides the traffic and being in DC, the cost of living is horrible and I'd either have to live on one of the Posts or live an hour away and do the train thing..i can't do it man. I'm trying to get to Tampa, I can rent a good sized house with a pool and still bank 600 plus of my housing allowance. The market crashed there and people don't have a choice. If u made 150K were I was outside outside of KC..u could live on 3 acres..no neighbors...BIG house 2500 plus square feet and still be downtown in 20  minutes. Ur fucked and I understand completely.

HH6 still getting an allowance? way to go bro! I got cut off at 16yo.  :-\
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: headhuntersix on August 08, 2009, 01:57:52 PM
I think we've successfully proved that ur a mild retard..hey where's that 214..hmmm.
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: ToxicAvenger on August 08, 2009, 02:03:15 PM
Of course thats the problem. I think N.Dakota would be waaay to far but near a big midwest city...u'd do fine and not go crazy.

i kinda like my East Coast weather....i like the snow and i love the cold...i'm miserable when its hot...i like having 4 seasons...

maine someplace maybe .....not MASS ...boston would rip my finances a new one

BTW when u r in DC...go to the prince Cafe there and try it...u might like

http://www.cafeprince.com/morgan.html
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: Eyeball Chambers on August 08, 2009, 02:03:45 PM
if i have to move...i'll move...i can take my CCIE anywhere on the planet...EXCEPT..my girl might not wanna...i could live like a king in north dakota with 150k/yr but north dakota isn't hiring upper level engineers..they can get by paying a mid level engineer a lot less :(

Come to Cincinnati, Ohio!
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: headhuntersix on August 08, 2009, 02:06:44 PM
Cincy's ok....I lived in Columbus for 2 years and went through there alot.
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: ToxicAvenger on August 08, 2009, 02:52:33 PM
Come to Cincinnati, Ohio!

i'm leaving now  :D
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: MB_722 on August 08, 2009, 02:55:56 PM
38 fucking %????? >:(

so i'm working my ASS of right now so i can have my girl quit her job (she is very sick) and live a comfy life and that douche wants to tax me 38%..WTF
in the next 2 or 3 yrs i WILL be in the over 150k/yr range and i dont wanna have worked hard so that lazy sub human slime can feed off of my hard work...

this is fucking bullshit....i'm pissed

lol I just pulled it out of nowhere ;)
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed
Post by: GigantorX on August 08, 2009, 02:57:33 PM
HH6 still getting an allowance? way to go bro! I got cut off at 16yo.  :-\
::)
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: headhuntersix on August 08, 2009, 03:09:53 PM
Poor mons..sucks to have to shit into a diaper on a regular basis.
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: Mons Venus on August 08, 2009, 03:38:54 PM
Which is ur problem...u can make great money but u get taxed to death and the cost of living is ridiculous...ur actually worse in Northern V then I thought u'd be in Maryland. I sorta need to do a Pentagon tour but besides the traffic and being in DC, the cost of living is horrible and I'd either have to live on one of the Posts or live an hour away and do the train thing..i can't do it man. I'm trying to get to Tampa, I can rent a good sized house with a pool and still bank 600 plus of my housing allowance. The market crashed there and people don't have a choice. If u made 150K were I was outside outside of KC..u could live on 3 acres..no neighbors...BIG house 2500 plus square feet and still be downtown in 20  minutes. Ur fucked and I understand completely.


Living the dream!......Mr 'Capitalist'. Hahahahahaaa  ;D
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: Cap on August 08, 2009, 04:02:55 PM
38 fucking %????? >:(

so i'm working my ASS of right now so i can have my girl quit her job (she is very sick) and live a comfy life and that douche wants to tax me 38%..WTF
in the next 2 or 3 yrs i WILL be in the over 150k/yr range and i dont wanna have worked hard so that lazy sub human slime can feed off of my hard work...

this is fucking bullshit....i'm pissed
Sucks, doesn't it Toxie?  hang in there man.
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: headhuntersix on August 08, 2009, 04:26:11 PM

Living the dream!......Mr 'Capitalist'. Hahahahahaaa  ;D

Yes shitbag I am, and u could have to been to if they didn't catch u running a train on ur bunkmate. Oh wait ur another cage fighting getbig millionaire with 4 combat tours and a Green Beret right? Hahahhaahahaha
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: Cap on August 08, 2009, 04:27:02 PM
Yes shitbag I am, and u could have to been to if they didn't catch u running a train on ur bunkmate. Oh wait ur another cage fighting getbig millionaire with 4 combat tours and a Green Beret right? Hahahhaahahaha
I thought he was CAG?  Geez....these guys and their stories.
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: headhuntersix on August 08, 2009, 04:33:01 PM
NOOOO DEVGRU my bad.
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: ToxicAvenger on August 08, 2009, 06:26:31 PM
Sucks, doesn't it Toxie?  hang in there man.

dood said he made the # up on page 1..i sure hope so... :-\

usually i dont care who the F the prez is...although i do enjoy poking at the bushsuckers...but its all for fun...i really dont care either way...i got enough on my plate to worry about wars and oil and muslims and christians fighting...who gives an airborne fuck...

IF that number is even remotely correct...i'm moving to holland...or newzeland..they rank as the highest paying for IT folks...
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: Cap on August 08, 2009, 07:19:22 PM
NOOOO DEVGRU my bad.
I bet if he moved to England he'd be SAS or SBS right away, no training needed.   ;D
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed
Post by: Tre on August 09, 2009, 07:03:13 AM

There are a few loopholes which protect us, but also a few issues which hurt us. 

When you make a lot of money, the expectation is that you'll be able to find more ways to squirrel your money away.  DO WHAT IS EXPECTED OF YOU.  Put in the time and figure out the best ways to decrease your taxable income.  You make a lot of money, you earned it, you should be able to keep a large portion of it. 

Where you get screwed, though, is in areas like your medical care.  You can deduct your premiums, but if you 'only' spend $5000 out of pocket on, say, dental care, then you're toast, cuz that amount - while significant - is too small a percentage of your annual income for you to be able to deduct it.  This was under the Bush tax rules and will continue under Obama. 

Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: Soul Crusher on August 09, 2009, 07:10:16 AM
under Obama?



cliff notes answer plez....ask 10 people and ya get 10 different answers

Basically, if you have a real job you are considered rich now. 
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: w8tlftr on August 09, 2009, 11:08:10 AM
under Obama?



cliff notes answer plez....ask 10 people and ya get 10 different answers

Didn't he say it was combined taxable income of $250,000 and higher?

That's not hard to do for a lot of married couples living on the east coast or in California.
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: w8tlftr on August 09, 2009, 11:10:16 AM

Living the dream!......Mr 'Capitalist'. Hahahahahaaa  ;D

Idiot.

Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: MM2K on August 10, 2009, 01:48:23 AM
What's so stupid about all of this is that whether or not you are rich has much more to do with your wealth rather than your income. Some people's income changes dramatically from year to year. We should end this exercise in mental retardation and impose a flat tax. Dont be surprised if everybody's income goes up by atleast 10%.
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed ..
Post by: 24KT on August 10, 2009, 01:59:27 AM
Which is ur problem...u can make great money but u get taxed to death and the cost of living is ridiculous...ur actually worse in Northern V then I thought u'd be in Maryland. I sorta need to do a Pentagon tour but besides the traffic and being in DC, the cost of living is horrible and I'd either have to live on one of the Posts or live an hour away and do the train thing..i can't do it man. I'm trying to get to Tampa, I can rent a good sized house with a pool and still bank 600 plus of my housing allowance. The market crashed there and people don't have a choice. If u made 150K were I was outside outside of KC..u could live on 3 acres..no neighbors...BIG house 2500 plus square feet  and still be downtown in 20  minutes. Ur fucked and I understand completely.

Do you consider 2500 square feet to be a big house?
Title: Re: Whats the cut off after which you r considered rich and your ass gets taxed
Post by: 24KT on August 10, 2009, 02:28:28 AM
There are a few loopholes which protect us, but also a few issues which hurt us. 

When you make a lot of money, the expectation is that you'll be able to find more ways to squirrel your money away.  DO WHAT IS EXPECTED OF YOU.  Put in the time and figure out the best ways to decrease your taxable income.  You make a lot of money, you earned it, you should be able to keep a large portion of it.  

Where you get screwed, though, is in areas like your medical care.  You can deduct your premiums, but if you 'only' spend $5000 out of pocket on, say, dental care, then you're toast, cuz that amount - while significant - is too small a percentage of your annual income for you to be able to deduct it.  This was under the Bush tax rules and will continue under Obama. 


Exactly!!! I've always thought it would be kind of cool to have to pay $10,000,000 a year in income taxes,
...and that's after every possible exemption, deduction, write off, loop hole, tax shelter, etc is exploited.
People think I'm crazy, ...but after all that, ... and still ending up with a tax bill of $10 million, you'd be making serious bank!