The def star Posted March 20, 2021 Share Posted March 20, 2021 16 hours ago, Ricofoley said: Same for me. I got my first two right away, but haven't gotten this one yet. Check the IRS website and it says I'm getting stimulated on the 24th. Hope it's the same for you as we all deserve to be stimulated. 1 Quote Link to comment Share on other sites More sharing options...
Jason Posted March 20, 2021 Author Share Posted March 20, 2021 14 minutes ago, Ominous said: Sheet I have to pay a penalty for putting money into a Roth IRA... whoops. Quote Link to comment Share on other sites More sharing options...
Jason Posted March 20, 2021 Author Share Posted March 20, 2021 Did you go over the limit for the Roth or something? Quote Link to comment Share on other sites More sharing options...
Ominous Posted March 20, 2021 Share Posted March 20, 2021 1 minute ago, Jason said: Did you go over the limit for the Roth or something? Earned too much to put into it. Quote Link to comment Share on other sites More sharing options...
Ricofoley Posted March 20, 2021 Share Posted March 20, 2021 6 minutes ago, The def star said: Check the IRS website and it says I'm getting stimulated on the 24th. Hope it's the same for you as we all deserve to be stimulated. Yep, I got the same thing today. 2 Quote Link to comment Share on other sites More sharing options...
Jason Posted March 20, 2021 Author Share Posted March 20, 2021 11 minutes ago, The def star said: Check the IRS website and it says I'm getting stimulated on the 24th. Hope it's the same for you as we all deserve to be stimulated. Mine was more like a premature ejaculation. 2 Quote Link to comment Share on other sites More sharing options...
Guest Posted March 20, 2021 Share Posted March 20, 2021 12 minutes ago, Ominous said: Earned too much to put into it. Quote Link to comment Share on other sites More sharing options...
Joe Posted March 20, 2021 Share Posted March 20, 2021 24th for me too! Quote Link to comment Share on other sites More sharing options...
Ominous Posted March 20, 2021 Share Posted March 20, 2021 12 minutes ago, sblfilms said: 2020 was abnormal for sure Quote Link to comment Share on other sites More sharing options...
SaysWho? Posted March 20, 2021 Share Posted March 20, 2021 I received my Biden bucks on Wednesday. I can't get over the titillation. Quote Link to comment Share on other sites More sharing options...
LazyPiranha Posted March 20, 2021 Share Posted March 20, 2021 1 Quote Link to comment Share on other sites More sharing options...
Chairslinger Posted March 20, 2021 Share Posted March 20, 2021 3 hours ago, Jason said: Mine was more like a premature ejaculation. We all out here getting our balls tickled and all Jason got was a sneaky pinky Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted March 21, 2021 Share Posted March 21, 2021 Quote Link to comment Share on other sites More sharing options...
Jason Posted March 21, 2021 Author Share Posted March 21, 2021 10 minutes ago, CitizenVectron said: Should have just given the cash to the tenants. Quote Link to comment Share on other sites More sharing options...
Guest Posted March 21, 2021 Share Posted March 21, 2021 8 hours ago, CitizenVectron said: There are legitimate reason to not take the payments in some cases. No program fits everyone. Quote Link to comment Share on other sites More sharing options...
Brian Posted March 21, 2021 Share Posted March 21, 2021 Two weeks ago, $80,000 was “Whoa, slow down there Rockefeller” money. Now when the topic switches to taxes $400,000 is barely enough to scrape by. pic.twitter.com/jrl6EhPRQp— Mass for Shut-ins (Podcast) (@edburmila) March 20, 2021 1 Quote Link to comment Share on other sites More sharing options...
Guest Posted March 21, 2021 Share Posted March 21, 2021 1 minute ago, ManUtdRedDevils said: If you have a household income of $400k you can afford to move somewhere cheaper and still retain most or all of that salary. Come on, man! Quote Link to comment Share on other sites More sharing options...
PaladinSolo Posted March 21, 2021 Share Posted March 21, 2021 20 minutes ago, sblfilms said: If you have a household income of $400k you can afford to move somewhere cheaper and still retain most or all of that salary. Come on, man! If you're making 400k the reality is you're doing good literally anywhere in the US as its 4 times the average household income in NYC or SF, and the idea you couldn't scrap together money for a vacation is just laughable, unless their idea of a vacation is 10s of thousands of dollars. Quote Link to comment Share on other sites More sharing options...
Guest Posted March 21, 2021 Share Posted March 21, 2021 9 minutes ago, PaladinSolo said: If you're making 400k the reality is you're doing good literally anywhere in the US as its 4 times the average household income in NYC or SF, and the idea you couldn't scrap together money for a vacation is just laughable, unless their idea of a vacation is 10s of thousands of dollars. No doubt. Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted March 21, 2021 Share Posted March 21, 2021 1 hour ago, ManUtdRedDevils said: This enrages me so much. Forget “major cities,” $400K is more then 3X the median household income on the upper east side! And if you’re making $400K a year and you “have to” take a staycation, then you’re spending that money on an absolute shitload of luxuries. These assholes making $400K have the money to fabricate their own crosses and nail themselves to them, they have the money to go somewhere on vacation even if they have to settle for... shudder... business class or economy plus. EDIT - also you can configure a Land Cruiser to be $70K+, eat shit. Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted March 21, 2021 Share Posted March 21, 2021 #NotMyLandCruiser Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted March 21, 2021 Share Posted March 21, 2021 33 minutes ago, Kal-El814 said: This enrages me so much. Forget “major cities,” $400K is more then 3X the median household income on the upper east side! And if you’re making $400K a year and you “have to” take a staycation, then you’re spending that money on an absolute shitload of luxuries. These assholes making $400K have the money to fabricate their own crosses and nail themselves to them, they have the money to go somewhere on vacation even if they have to settle for... shudder... business class or economy plus. Yeah but after you max out both 401ks ($39k) and both IRAs ($12k) and the family HSA ($7.2k) and your dependent care FSA ($5k) and federal (~$65k?) and CA (~$30k?) State income taxes And other assorted taxes then you're hardly pulling in $200k ($16.7k/month) after tax and savings contributions which is basically a paupers income! Not to mention the $5k in rent and $4k in student loans and $2k/month for loans on their brand new cars they've only got $5k a month to cover other bills, save for modest vacations to Aspen, and spend! These are the truly oppressed people and Biden wants to tax them more?!?!??!?!? Enough is enough! Ugh, and I forgot maxing out the 529 for both Guendyln Smith and Dilyan Smith ($8k) 2 Quote Link to comment Share on other sites More sharing options...
Guest Posted March 21, 2021 Share Posted March 21, 2021 check mate, idiots Quote Link to comment Share on other sites More sharing options...
Ominous Posted March 21, 2021 Share Posted March 21, 2021 2 hours ago, ManUtdRedDevils said: If your AGI is over $400,000 you made way more than $400,000...just saying. Quote Link to comment Share on other sites More sharing options...
Fizzzzle Posted March 21, 2021 Share Posted March 21, 2021 A family of 4 with a household income of $400k is not even "middle class" anywhere. Even in San Francisco or Manhattan, sure it means you can't afford a helicopter to get to your yacht, but in no world is $400k "we need to take staycations" territory. Plus, most people who work those jobs have been working from home for the past year. Some of them will continue to work from home even after restrictions are lifted. They could, y'know, fucking move. 1 Quote Link to comment Share on other sites More sharing options...
Jason Posted March 21, 2021 Author Share Posted March 21, 2021 $400k household income with two kids in Manhattan is obviously doing pretty well but it's still "sit down and do careful budgeting" territory and not "drive around throwing money out your car window" territory. Quote Link to comment Share on other sites More sharing options...
Jason Posted March 21, 2021 Author Share Posted March 21, 2021 They're also the group that got hosed on the mortgage interest deduction changes under Trump. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted March 21, 2021 Share Posted March 21, 2021 1 minute ago, Jason said: $400k household income with two kids in Manhattan is obviously doing pretty well but it's still "sit down and do careful budgeting" territory and not "drive around throwing money out your car window" territory. People who win millions in the lottery are still in "sit down and do careful budgeting" territory. For that matter everyone outside of like Bezos is as well Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted March 21, 2021 Share Posted March 21, 2021 1 minute ago, Jason said: They're also the group that got hosed on the mortgage interest deduction changes under Trump. Quote Link to comment Share on other sites More sharing options...
Chairslinger Posted March 21, 2021 Share Posted March 21, 2021 2 hours ago, ManUtdRedDevils said: Not to mention that any tax hike on the table, as far as I know, would still tax those first 400k at the lower rate and then bump up a couple % on anything over 400k. Always worth starting the conversation with this point since it directly contradicts the point they are trying to make. The more this effects you, the further you are from that 400k to begin with. If you get even 100k taxed at the higher rate, you are pulling in half a million a year total, and so forth. I almost didn't bother to make this point because it seems like stating the obvious, but after reading the first 3 dozen comments on the Twitter thread I see no one mentioning this. It its tempting to go right into the "400k is rich!" argument because that is a laughably large amount for most of us, but to do that is kind of accepting a false premise to begin with. Quote Link to comment Share on other sites More sharing options...
Jason Posted March 21, 2021 Author Share Posted March 21, 2021 11 minutes ago, Chairslinger said: Not to mention that any tax hike on the table, as far as I know, would still tax those first 400k at the lower rate and then bump up a couple % on anything over 400k. Always worth starting the conversation with this point since it directly contradicts the point they are trying to make. The more this effects you, the further you are from that 400k to begin with. If you get even 100k taxed at the higher rate, you are pulling in half a million a year total, and so forth. I almost didn't bother to make this point because it seems like stating the obvious, but after reading the first 3 dozen comments on the Twitter thread I see no one mentioning this. It its tempting to go right into the "400k is rich!" argument because that is a laughably large amount for most of us, but to do that is kind of accepting a false premise to begin with. The fact that it's a higher rate only on the amount over $400k is a good point. I'd still like to see some sort of COL adjustment in the thresholds for the stimulus check, tax rates, etc. Maybe use the locality pay bumps the GSA uses for federal salaries. The stimulus zero-out being lowered to $80k for instance reflects pretty much entirely on the decision being driven by people in most of the country not having a good sense of what it's like living in a high COL area, as AOC pointed out, so you could get around that by just having automatic adjustments built in to reflect that $80k in Buttfuck, Nebraska isn't the same as $80k in NYC or LA. Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted March 21, 2021 Share Posted March 21, 2021 33 minutes ago, Jason said: $400k household income with two kids in Manhattan is obviously doing pretty well but it's still "sit down and do careful budgeting" territory and not "drive around throwing money out your car window" territory. It is not "sit down and do careful budgeting" territory at all the way that it is for the overwhelming majority of people and claiming otherwise is preposterous. It's "where do we go on vacation and for how long," money, not, "can we go on vacation," money. It's, "how often can we have our home cleaned by someone else," money, not "this second shift cleaning at home is a drag," money. It's "what private schools are we sending out kids to / do we need another tutor / let's send our kids to college without them having to take on loans money," not, "state school and fingers crossed for a scholarship," money. It's, "I'll cook occasionally because I like to and it's take out, restaurants, and personal chefs for the rest of the time money, not, "what's on sale," money. Etc., etc., etc. If you're making $400K in Manhattan, with two kids, and you have to think about money, you're living a lifestyle with luxuries you could afford to lose easily and still live well beyond the means of almost everyone else. Again, it's > 3X the median household income in the upper east side specifically and > 4X the median household income for Manhattan broadly. It's rarified air. I've no doubt that if you're making $400K in the upper east side, you're rubbing elbows with people making way more, but if you're dumb enough to try to keep up with the Joneses who are the 1% to your own 1%, you're not worthy of sympathy. 32 minutes ago, Jason said: They're also the group that got hosed on the mortgage interest deduction changes under Trump. If Trump's mortgage interest deduction hosed them to the point that it affects their lifestyle, they fucked up. Quote Link to comment Share on other sites More sharing options...
Jason Posted March 21, 2021 Author Share Posted March 21, 2021 1 minute ago, Kal-El814 said: <snip> Look, as I just said above ultimately all I really care about is federal policy reflecting the reality that COL is vastly different in different areas of the country. Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted March 21, 2021 Share Posted March 21, 2021 Just now, Jason said: Look, as I just said above ultimately all I really care about is federal policy reflecting the reality that COL is vastly different in different areas of the country. Families making $400K+ a year should have the absolute fucking bejeezus taxed out of them regardless of where they're living. Quote Link to comment Share on other sites More sharing options...
Jason Posted March 21, 2021 Author Share Posted March 21, 2021 1 minute ago, Kal-El814 said: Families making $400K+ a year should have the absolute fucking bejeezus taxed out of them regardless of where they're living. Does the COL adjustment I'm envisioning have to be constant across all tax brackets? No, probably not. Quote Link to comment Share on other sites More sharing options...
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