What's new
By:
Filters

Stupid Pet Peeves

Gameface said:
A lot of people really misunderstand tax brackets.

I'm not going to use the actual numbers here, just big round numbers.

If $20,000 is exempt from taxes, it's exempt. If you earn $20,001 then you pay the above 20k taxes on $1. If you earn $1,000,000 your first $20,000 is exempt from taxes, you pay taxes on the next $980,000.

If the next bracket up after you pass 20k is 50K and you earn $55,000 then you pay no taxes on your first 20k, then the 20k-50K rate on that $30,000 and you pay the $50,000+ rate on that last $5,000.

Earning an extra dollar never costs you more than a dollar, unless it disqualifies you from stuff like an earned income tax credit or child tax credit. But as far as your tax bracket goes, if you make millions of dollars than you are in all the brackets, not just the highest one.

Make sense?
Click to expand...
Wrong, it means the gubmint taking all my money.
 
Leave beer alone, he had to have some way to brag to everyone he makes a lot of money and not sound completely douchey at the same time. Complaining about taxes is something even simple people like you can relate to along with a rich person like him.
 
LogGrad98 said:
Leave beer alone, he had to have some way to brag to everyone he makes a lot of money and not sound completely douchey at the same time. Complaining about taxes is something even simple people like you can relate to along with a rich person like
Click to expand...
Gameface said:
A lot of people really misunderstand tax brackets.

I'm not going to use the actual numbers here, just big round numbers.

If $20,000 is exempt from taxes, it's exempt. If you earn $20,001 then you pay the above 20k taxes on $1. If you earn $1,000,000 your first $20,000 is exempt from taxes, you pay taxes on the next $980,000.

If the next bracket up after you pass 20k is 50K and you earn $55,000 then you pay no taxes on your first 20k, then the 20k-50K rate on that $30,000 and you pay the $50,000+ rate on that last $5,000.

Earning an extra dollar never costs you more than a dollar, unless it disqualifies you from stuff like an earned income tax credit or child tax credit. But as far as your tax bracket goes, if you make millions of dollars than you are in all the brackets, not just the highest one.

Make sense?
Click to expand...

We’ll go with general numbers. Say someone went from 100k salary to 125k salary but their net paycheck was only $300 difference. Would that be weird and annoying?

And you are right I do have no idea how taxes work though. I do see my pay checks though. Maybe I f’ef up my W4.

And to @LogGrad98 if you think that’s a ton of money I feel bad for you.
 
Beer said:
We’ll go with general numbers. Say someone went from 100k salary to 125k salary but their net paycheck was only $300 difference. Would that be weird and annoying?

And you are right I do have no idea how taxes work though. I do see my pay checks though. Maybe I f’ef up my W4.

And to @LogGrad98 if you think that’s a ton of money I feel bad for you.
Click to expand...

I think 100,000 per year is a ton of money.

Sent from my ONEPLUS A6013 using JazzFanz mobile app
 
Beer said:
We’ll go with general numbers. Say someone went from 100k salary to 125k salary but their net paycheck was only $300 difference. Would that be weird and annoying?

And you are right I do have no idea how taxes work though. I do see my pay checks though. Maybe I f’ef up my W4.

And to @LogGrad98 if you think that’s a ton of money I feel bad for you.
Click to expand...
Please quote where I said that any specific amount is "a lot" of money. I just pointed out that you wanted an excuse to brag about your raise and income, whatever amount that might be.
 
Not sure I’ve ever posted in this thread. I didn’t want to be “that guy” so I’ll post it here to vent my stupid pet peeve:

I get that most people are saying this as a joke, and one should just smile and move on even if it doesn’t make sense, but it’s been repeated so much that I think there’s an underlying belief in this being somewhat true. People talking about how they should have bought stock in Charmin, or stating that the toilet paper industry is the biggest winner of all this. Though there has been an increased demand in buying toilet paper, there hasn’t been an actual increase in demand for using toilet paper. The toilet paper companies aren’t make anymore money than normal, their sales are just being redistributed.
 
infection said:
Not sure I’ve ever posted in this thread. I didn’t want to be “that guy” so I’ll post it here to vent my stupid pet peeve:

I get that most people are saying this as a joke, and one should just smile and move on even if it doesn’t make sense, but it’s been repeated so much that I think there’s an underlying belief in this being somewhat true. People talking about how they should have bought stock in Charmin, or stating that the toilet paper industry is the biggest winner of all this. Though there has been an increased demand in buying toilet paper, there hasn’t been an actual increase in demand for using toilet paper. The toilet paper companies aren’t make anymore money than normal, their sales are just being redistributed.
Click to expand...
Close but not quite right. They are seeing a surge in sales right now over what they would normally expect at this time of the year. However since people in their homes won't actually use the toilet paper any faster, they just filled up a closet with it or whatever, then later the toilet paper companies will see a decrease in sales as people use their stockpile and do not buy any toilet paper until they need to when the crisis is over. So a surge now followed by a substantial drop in sales. In essence nothing will change for the TP companies in the long run, but for the next few months their sales will be out of whack compared to last year at this time. But in the end their total sales will only go up as much as they normally do from any given year to year period.
 
Since yesterday all the cafés and restaurants in Belgium are closed. But the borders with neighbouring Holland and Luxembourg are still open and those countries still do normal. So what do people here do? Go there of course as it's a short drive for many.. Is it really so ****ing impossible to survive two days without going to the café?? Don't they see what's going on in Italy and Spain? I really think that some people still don't buy into the concept of viruses and bacterias as they are invisible with a naked eye.
 
LogGrad98 said:
Close but not quite right. They are seeing a surge in sales right now over what they would normally expect at this time of the year. However since people in their homes won't actually use the toilet paper any faster, they just filled up a closet with it or whatever, then later the toilet paper companies will see a decrease in sales as people use their stockpile and do not buy any toilet paper until they need to when the crisis is over. So a surge now followed by a substantial drop in sales. In essence nothing will change for the TP companies in the long run, but for the next few months their sales will be out of whack compared to last year at this time. But in the end their total sales will only go up as much as they normally do from any given year to year period.
Click to expand...
That’s what I said.
 
LogGrad98 said:
Close but not quite right. They are seeing a surge in sales right now over what they would normally expect at this time of the year. However since people in their homes won't actually use the toilet paper any faster, they just filled up a closet with it or whatever, then later the toilet paper companies will see a decrease in sales as people use their stockpile and do not buy any toilet paper until they need to when the crisis is over. So a surge now followed by a substantial drop in sales. In essence nothing will change for the TP companies in the long run, but for the next few months their sales will be out of whack compared to last year at this time. But in the end their total sales will only go up as much as they normally do from any given year to year period.
Click to expand...
That's the same thing @infection said.
 
You must log in or register to reply here.

Share this page

Top