MonroeTalks.com > Categories > Politics and Government > We're All But Done


Pages: 1 ... 426 427 [428] 429   Go Down

Author Topic: We're All But Done  (Read 327453 times)

0 Members and 1 Guest are viewing this topic.

Monroe Native

  • Hero Talker
  • ******
  • Offline Offline
  • Posts: 21481
Re: We're All But Done
« Reply #6405 on: February 08, 2019, 11:10:23 PM »

I for one will be happy if the % of my income that I paid to taxes this year is less than the % of my income that I paid in taxes last year.

I am also looking forward to the day that I can just take the standard deduction - and quit spending a few days doing my taxes.  That will be great - but I already know this year is not the year for that.

We've talked about the tax cut at work - and looked at the tax tables - and the opinion of my colleagues is now is the time to convert from Regular 401Ks to Roth 401Ks.  We don't think the tax rates in the future will be as low as they are now.  Better to pay the Government a few grand now - and get it out tax free in retirement.

Of course - all of us can do math.  We don't just look at our refund and from that conclude anything.
Logged
I have learned that only two things are necessary to keep one's wife happy. First, let her think she's having her own way. And second, let her have it.
Lyndon B. Johnson

You do not examine legislation in the light of the benefits it will convey if properly administered, but in the light of the wrongs it would do and the harms it would cause if improperly administered.
Lyndon B. Johnson

John Kopke

  • Hero Talker
  • ******
  • Offline Offline
  • Posts: 7035
Re: We're All But Done
« Reply #6406 on: February 08, 2019, 11:39:49 PM »

Speaking of talking points. Both right and left have there own talking points on all the various issues. The MSM media, Cable TV, Social Media etc. flit  from one issue to the next in 8 minute segments, day in, day out, 24/7. Appears our representatives follow the news. They don't solve any of the issues, but they're available to comment on all of them.

Real problem is this situation makes it hard for the folks to focus on anything.
This is dangerous to our Republic. Our country is $ 22 trillion in debt, headed for insolvency in a decade or so, and cable TV etc. is currently all abuzz about Trump calling some women horse face. Any questions?

 
« Last Edit: February 08, 2019, 11:45:06 PM by John Kopke »
Logged
John Kopke

Monroe Native

  • Hero Talker
  • ******
  • Offline Offline
  • Posts: 21481
Re: We're All But Done
« Reply #6407 on: February 09, 2019, 09:17:41 AM »

Real problem is this situation makes it hard for the folks to focus on anything.
This is dangerous to our Republic. Our country is $ 22 trillion in debt, headed for insolvency in a decade or so, and cable TV etc. is currently all abuzz about Trump calling some women horse face. Any questions?

Better to talk about Social Justice, Race Relations, Gender Fluidity, the crimes of the white male, don't you think?

Anything is better then contemplating how much debt is too much debt - especially when you have a spending problem you don't care to address.
Logged
I have learned that only two things are necessary to keep one's wife happy. First, let her think she's having her own way. And second, let her have it.
Lyndon B. Johnson

You do not examine legislation in the light of the benefits it will convey if properly administered, but in the light of the wrongs it would do and the harms it would cause if improperly administered.
Lyndon B. Johnson

John Kopke

  • Hero Talker
  • ******
  • Offline Offline
  • Posts: 7035
Re: We're All But Done
« Reply #6408 on: February 09, 2019, 08:45:11 PM »

Better to talk about Social Justice, Race Relations, Gender Fluidity, the crimes of the white male, don't you think?

Anything is better then contemplating how much debt is too much debt - especially when you have a spending problem you don't care to address.

Spot on. The private sector debt binge, because of the crazy/artificial  Federal Reserve low interest rates, going back 10 years, has run it's course. Interest rates today may not be that high, but it doesn't matter, too many folks are maxed out on debt from before. With an economy that is 70% dependent on consumer spending this does not bode well. Then there's government debt. Ha, ha. ha. Pause. Ha, ha, ha. I think I'm going to soil myself.   
Logged
John Kopke

John Kopke

  • Hero Talker
  • ******
  • Offline Offline
  • Posts: 7035
Re: We're All But Done
« Reply #6409 on: February 12, 2019, 07:59:27 PM »

Woke up this morning 6:30am. Got up, looked out the window and saw ice,
everywhere. On my feet, might as well hit the head. Come back to bedroom and get back in warm bed. Wake up at 8:30 am. Time to get up.

Again I look out the window, still nothing but ice. The roads are a slushy sheet of ice. Thank goodness I work from home. When I walk from the kitchen to my office I'm at work. I typically start at 10am.

Well it was 9:30 am, I not at work yet. I'm sitting in front of computer reading an article. I get up to get another cup of coffee. On my way back
I look out my picture window. Wow, this weather really sucks. Look at the
sky, all gray. This day really sucks. Two minutes later the power goes off.
 
I guess you could say things can always be worse.
 
« Last Edit: February 12, 2019, 08:05:15 PM by John Kopke »
Logged
John Kopke

blue2

  • Hero Talker
  • ******
  • Online Online
  • Posts: 12156
Re: We're All But Done
« Reply #6410 on: February 13, 2019, 04:26:47 PM »

John the good thing is, You woke up!
Logged

John Kopke

  • Hero Talker
  • ******
  • Offline Offline
  • Posts: 7035
Re: We're All But Done
« Reply #6411 on: February 14, 2019, 04:48:52 PM »

John the good thing is, You woke up!

Then there's that.
Logged
John Kopke

John Kopke

  • Hero Talker
  • ******
  • Offline Offline
  • Posts: 7035
Re: We're All But Done
« Reply #6412 on: February 14, 2019, 05:33:49 PM »

I for one will be happy if the % of my income that I paid to taxes this year is less than the % of my income that I paid in taxes last year.

I am also looking forward to the day that I can just take the standard deduction - and quit spending a few days doing my taxes.  That will be great - but I already know this year is not the year for that.

We've talked about the tax cut at work - and looked at the tax tables - and the opinion of my colleagues is now is the time to convert from Regular 401Ks to Roth 401Ks.  We don't think the tax rates in the future will be as low as they are now.  Better to pay the Government a few grand now - and get it out tax free in retirement.

Of course - all of us can do math.  We don't just look at our refund and from that conclude anything.

MN:

My birthday is in May. The birthday gift I have given myself the last 10 years or so is an accountant doing my taxes. I spend maybe 35 minutes answering the written questions he has, and gathering up the paperwork he needs. I put paperwork in a folder, and drop it off at his office. I'm pretty much done.

Week later the return is prepared. I pick up, sign, and mail using the post office. No fuss, no muss, no stress. A tax return that is accurate and an accountant to stand with me if the IRS came around. But they wouldn't come around because I'm a small fry and I use an accountant. My guess is you could get an accountant to do yours for say $ 300. And the amount doesn't rise, or barely, because his 2nd year doing your returns is a piece of cake.

Here's my take. These 10 years of having my accountant do my returns have added 2 years to my life. Think about it. January thru March to early April from time to time, you think of getting your taxes done, boom, boom, gut punches. Then it gets to the point where you have to sit down and wade through this stuff. You read it, but you are only kind of, sort of, confident you know what your doing, but you endeavor to persevere, and 4 nasty hours later, for better or worse, you're done.

MN: Life's too short. Doing your own tax returns shortens your life and makes
the winter months of your life even bleaker when thinking about having to do your taxes.

Logged
John Kopke

Monroe Native

  • Hero Talker
  • ******
  • Offline Offline
  • Posts: 21481
Re: We're All But Done
« Reply #6413 on: February 14, 2019, 05:48:48 PM »

I hear ya.....

But for me the effort is getting all the documentation together, and working out how to categorize this and that.  I don't see how an accountant would help much with that.  Once I have all that - the actual form is quick.

I seriously doubt that I would ever be audited - because I am a tiny fry.

My goal is to get to the point I can take the standard deduction - which as you know is much larger now thanks to Trump.  Then taxes will be much faster.  I look forward to that.
Logged
I have learned that only two things are necessary to keep one's wife happy. First, let her think she's having her own way. And second, let her have it.
Lyndon B. Johnson

You do not examine legislation in the light of the benefits it will convey if properly administered, but in the light of the wrongs it would do and the harms it would cause if improperly administered.
Lyndon B. Johnson

John Kopke

  • Hero Talker
  • ******
  • Offline Offline
  • Posts: 7035
Re: We're All But Done
« Reply #6414 on: February 16, 2019, 04:43:50 PM »

Clipped this quote from Paul Krugman

The liberal economist Paul Krugman recently argued in a column that “whenever you see someone invoking Venezuela as a reason not to consider progressive policy ideas, you know right away that the person in question is uninformed, dishonest, or both.”

Wow, I guess that's me he's talking about. Well Venezuela today I argue is the result of progressive policies. Krugman can slam folks like me if he wants, but I'd like him to explain how progressive policies are not furthering socialism in this country. And if they aren't, are they enhancing free market capitalism? 
Logged
John Kopke

pmpkinsknbluz

  • New Talker
  • *
  • Offline Offline
  • Posts: 2
Re: We're All But Done
« Reply #6415 on: February 16, 2019, 09:05:26 PM »

Clipped this quote from Paul Krugman

The liberal economist Paul Krugman recently argued in a column that “whenever you see someone invoking Venezuela as a reason not to consider progressive policy ideas, you know right away that the person in question is uninformed, dishonest, or both.”

Wow, I guess that's me he's talking about. Well Venezuela today I argue is the result of progressive policies. Krugman can slam folks like me if he wants, but I'd like him to explain how progressive policies are not furthering socialism in this country. And if they aren't, are they enhancing free market capitalism?

Thus far Socialism in Venezuela has brought about a record 1698488.00 % inflation rate [Dec. 2018], (tradingeconomics.com/venezuela/inflation-cpi ). That's quite an accomplishment. Perhaps rather than insulting those who cannot see the benefit in such an accomplishment, Mr. Krugman should explain, in detail, with historical facts, what the benefits of such economic policies that result in such an accomplishment are to a nation. Shouldn't be an issue, he is an economist after all. The answer would likely involve some type of, ..' IF it was done correctly...' .

Fact is, Chaves did do it correctly. He followed the recipe exactly. And, as has every socialist experiment since history of such policies began, it failed. Miserably. The problem with Socialism is, as Mrs. Thatcher explained, "... eventually you run out of OPM". Once that happens socialist policies are forced to run on their own merit, or not, as the case may be. In Venezuelas case, not.
Logged

John Kopke

  • Hero Talker
  • ******
  • Offline Offline
  • Posts: 7035
Re: We're All But Done
« Reply #6416 on: February 17, 2019, 07:24:09 PM »

Thus far Socialism in Venezuela has brought about a record 1698488.00 % inflation rate [Dec. 2018], (tradingeconomics.com/venezuela/inflation-cpi ). That's quite an accomplishment. Perhaps rather than insulting those who cannot see the benefit in such an accomplishment, Mr. Krugman should explain, in detail, with historical facts, what the benefits of such economic policies that result in such an accomplishment are to a nation. Shouldn't be an issue, he is an economist after all. The answer would likely involve some type of, ..' IF it was done correctly...' .

Fact is, Chaves did do it correctly. He followed the recipe exactly. And, as has every socialist experiment since history of such policies began, it failed. Miserably. The problem with Socialism is, as Mrs. Thatcher explained, "... eventually you run out of OPM". Once that happens socialist policies are forced to run on their own merit, or not, as the case may be. In Venezuelas case, not.

PMP:

Wow!

Welcome brother.
Logged
John Kopke

blue2

  • Hero Talker
  • ******
  • Online Online
  • Posts: 12156
Re: We're All But Done
« Reply #6417 on: February 17, 2019, 08:02:05 PM »

But isn't the problem with all the newcomer socialists is that they believe they are smarter than the last guy that tried it and they have the solutions
Logged

SidecarFlip

  • Hero Talker
  • ******
  • Offline Offline
  • Posts: 23311
Re: We're All But Done
« Reply #6418 on: February 18, 2019, 01:20:15 PM »

But isn't the problem with all the newcomer socialists is that they believe they are smarter than the last guy that tried it and they have the solutions

Humans (socialists) are basically stupid.  Just look at OAC for an example.
Logged
AN ARMED SOCIETY IS A POLITE SOCIETY

John Kopke

  • Hero Talker
  • ******
  • Offline Offline
  • Posts: 7035
Re: We're All But Done
« Reply #6419 on: February 18, 2019, 08:51:05 PM »

But isn't the problem with all the newcomer socialists is that they believe they are smarter than the last guy that tried it and they have the solutions

Every time.
Logged
John Kopke
Pages: 1 ... 426 427 [428] 429   Go Up