Burn-E Posted March 10, 2016 Report Share Posted March 10, 2016 12 hours ago, flyfishing3 said: Paying 92 on 250 made me laugh out loud. That was a joke right. I'm pretty sure Timo isn't joking. Whether he has all his facts straight is another question. Because (and I looked some of this up because while I'm finished with my own taxes I'm in the midst of helping my parents out so all of this is based on 2015 tax tables): A) No matter how they're filing they're in the 33% tax bracket (there is no 37% - not in 2015 not in 2014 not in the last 15 years) - I'm going to base this on married filing jointly as it doesn't sound like they have businesses that would encourage them to file separately. B) At 33% - assuming this is their AGI (which I question the logic but we'll go with it) their base is $51,577.50 C) Then you tack on 33% tax against everything above $230,450 = $9751.50 in additional tax D) They could take the standard deduction of $12,600 (but assuming they have a mortgage or student debts or kids to go with that $260k lifestyle and that they make any form of donations to charities they probably shouldn't) but let's go with it: That reduces their total AGI to 243,050. And their total Federal Tax burden to $57,171. E) But if you look at that number more closely you realize that they're only $13k away from dropping from the 33% tax bracket to the 28% tax bracket. Getting there would save them at least $6k (new tax burden of $51,451.50) and wouldn't take too much to achieve. So unless they live in a State with MASSIVE tax rates they're at most probably paying $60k all in between State and Federal. Remember, that was just taking the standard deduction. No Child Tax Credit, no student loan interest credits, no mortgage interest credits, no losses due to stock or business expenses, or any of a wide variety of other potential legal deductions, etc. Link to comment Share on other sites More sharing options...
theForgottenone Posted March 10, 2016 Report Share Posted March 10, 2016 2 minutes ago, Burn-E said: I'm pretty sure Timo isn't joking. Whether he has all his facts straight is another question. Because (and I looked some of this up because while I'm finished with my own taxes I'm in the midst of helping my parents out so all of this is based on 2015 tax tables): A) No matter how they're filing they're in the 33% tax bracket (there is no 37% - not in 2015 not in 2014 not in the last 15 years) - I'm going to base this on married filing jointly as it doesn't sound like they have businesses that would encourage them to file separately. B) At 33% - assuming this is their AGI (which I question the logic but we'll go with it) their base is $51,577.50 C) Then you tack on 33% tax against everything above $230,450 = $9751.50 in additional tax D) They could take the standard deduction of $12,600 (but assuming they have a mortgage or student debts or kids to go with that $260k lifestyle and that they make any form of donations to charities they probably shouldn't) but let's go with it: That reduces their total AGI to 243,050. And their total Federal Tax burden to $57,171. E) But if you look at that number more closely you realize that they're only $13k away from dropping from the 33% tax bracket to the 28% tax bracket. Getting there would save them at least $6k (new tax burden of $51,451.50) and wouldn't take too much to achieve. So unless they live in a State with MASSIVE tax rates they're at most probably paying $60k all in between State and Federal. Remember, that was just taking the standard deduction. No Child Tax Credit, no student load interest credits, no mortgage interest credits, no losses due to stock or business expenses, etc. Turbo tax could save them $30k or Jackson Hewitt in Walmart store. Hell, I will do their tax filing for 5k to save them 25k guarantee. 1 Link to comment Share on other sites More sharing options...
Timbo Slice Posted March 10, 2016 Report Share Posted March 10, 2016 My math was poor the other day Just now, theForgottenone said: Turbo tax could save them $30k or Jackson Hewitt in Walmart store. Hell, I will do their tax filing for 5k to save them 25k guarantee. See, you're a capitalist. Hope you're not hypocritically voting for Bernie. 2 Link to comment Share on other sites More sharing options...
Kevin. Posted March 10, 2016 Report Share Posted March 10, 2016 http://www.vox.com/2016/3/10/11189908/bernie-sanders-can-win pretty spot on, although I have a feeling that the superdelegates wouldn't budge even if Bernie passed Hillary in pledged delegates (welcome to the good ol boys club) Link to comment Share on other sites More sharing options...
theForgottenone Posted March 10, 2016 Report Share Posted March 10, 2016 12 minutes ago, Timbo Slice said: My math was poor the other day See, you're a capitalist. Hope you're not hypocritically voting for Bernie. I'm capitalist but between trump and Bernie, I rather not have WWIII in my lifetime. I don't doubt him order nuke on countries he doesn't like or carry my passport at all time to prove I'm u.s citizen 2 1 Link to comment Share on other sites More sharing options...
Burn-E Posted March 10, 2016 Report Share Posted March 10, 2016 Keep the candle burning Kevin. No one is saying it's not possible for Bernie to win. We're simply saying it is highly improbable. The math really doesn't add up in a proportional primary system. He has to win by 10-15% over Hillary in every big State going forward. And if you look at how things stand for Ohio (143 delegates), Florida (214), North Carolina (107) and Illinois (156), States he has to pull big majorities from in order to win? Hillary has a 99, 99, 99, and 98% probability of wining each of those States. So even if Sanders has a surprise win over her in each of these States like he did in Michigan he's only going to pick up 2 or 3 additional votes in each State because they'll only break at 48% to 52% or something close to that. Which does not even begin to overcome his 300 delegate deficit (does not include Super Delegates). Link to comment Share on other sites More sharing options...
mattsk8 Posted March 10, 2016 Report Share Posted March 10, 2016 18 hours ago, Burn-E said: I believe finding a solution to each of these is actually supported by true conservative and liberal political stances. What we have today are false approximations of these beliefs within the separate parties that are overrun by technocrats who simply leverage the existence of these issues as a means for keeping their jobs without actually doing much about any of them. This^^... so much of this. I agree 100%. But, the pessimist in me thinks it'll never happen. They'll just keep on using gay rights, abortion, and that poor lower class that gets walked all over to tug the heart strings of the voting mo-tards so they can get in and actually do what they really want to (make shit tons of money at a nation's expense). Link to comment Share on other sites More sharing options...
Yellow95 Posted March 10, 2016 Report Share Posted March 10, 2016 2 hours ago, Burn-E said: I know, it's terribly inconvenient isn't it? I'm just gonna overlook it. 1 hour ago, theForgottenone said: I'm capitalist but between trump and Bernie, I rather not have WWIII in my lifetime. I don't doubt him order nuke on countries he doesn't like or carry my passport at all time to prove I'm u.s citizen So your saying your a pussy. ;) I kid I kid. Link to comment Share on other sites More sharing options...
Kevin. Posted March 10, 2016 Report Share Posted March 10, 2016 1 hour ago, Burn-E said: Keep the candle burning Kevin. No one is saying it's not possible for Bernie to win. We're simply saying it is highly improbable. The math really doesn't add up in a proportional primary system. He has to win by 10-15% over Hillary in every big State going forward. And if you look at how things stand for Ohio (143 delegates), Florida (214), North Carolina (107) and Illinois (156), States he has to pull big majorities from in order to win? Hillary has a 99, 99, 99, and 98% probability of wining each of those States. So even if Sanders has a surprise win over her in each of these States like he did in Michigan he's only going to pick up 2 or 3 additional votes in each State because they'll only break at 48% to 52% or something close to that. Which does not even begin to overcome his 300 delegate deficit (does not include Super Delegates). I could point to his upset win in Michigan which showed him down 20% in the polls. I think it could be anybodys race at this point, pending whether she is indicted or not Gary you know that Trump literally wants to disband the EPA and completely thinks that climate change is a lie made by the Chinese, right? He said the environment "will do just fine" Link to comment Share on other sites More sharing options...
theForgottenone Posted March 10, 2016 Report Share Posted March 10, 2016 13 minutes ago, Kevin. said: I could point to his upset win in Michigan which showed him down 20% in the polls. I think it could be anybodys race at this point, pending whether she is indicted or not He didn't win by the total net delegates in Michigan if I recall correctly and actually lost 3 to Hillary 33 minutes ago, Yellow95 said: I'm just gonna overlook it. So your saying your a pussy. ;) I kid I kid. I would say I value humanity over money. War is never a good thing and I seen what it can do to a country first hand. I do not wish that on any other human live in any countries after I seen the aftermath bloodshed on Vietnam. Agent Orange birth defect still happening after 40 years. That is just one example. 1 1 Link to comment Share on other sites More sharing options...
Burn-E Posted March 10, 2016 Report Share Posted March 10, 2016 4 hours ago, Kevin. said: I could point to his upset win in Michigan which showed him down 20% in the polls. I think it could be anybodys race at this point, pending whether she is indicted or not How many extra delegates did he win in his upset of Hillary in Michigan, Kevin? He earned 67 to Hillary's 60 in a 49.8% to 48.3% squeaker. Refresh my memory, how many delegates did he get in Mississippi that same night? 4 to Hillary's 30 in a 16.5% to 80.6% loss. So that means net for the night, Hillary was up 19 delegates? 5 hours ago, Burn-E said: So even if Sanders has a surprise win over her in each of these States like he did in Michigan he's only going to pick up 2 or 3 additional votes in each State because they'll only break at 48% to 52% or something close to that. Which does not even begin to overcome his 300 delegate deficit (does not include Super Delegates). Not all dreams come true. No one is going to indict Hillary for what amounts to a minor infraction. It's just not going to happen. Link to comment Share on other sites More sharing options...
theForgottenone Posted March 11, 2016 Report Share Posted March 11, 2016 Did anyone catch that Kasich was one of the Lehman brothers partner before the whole deal went down? 😂 1 Link to comment Share on other sites More sharing options...
Burn-E Posted March 11, 2016 Report Share Posted March 11, 2016 No one cares about John Kasich, that's why it never became an issue. You can be certain if he were actually anywhere close to being a front runner in the campaign that would be a front and center issue. But he was basically just an employee running one of the branch offices of the business so he wasn't even important enough to have any influence on what Lehman did. His 2008 salary (barely $600k) makes that very obvious. Kasich scares me he's such a warmongering hawk. He's potentially worse than W was. This endorsement by Carson of Trump beggars the imagination What a stooge. Link to comment Share on other sites More sharing options...
Fudge_Brownie Posted March 11, 2016 Report Share Posted March 11, 2016 Really though, what's that guy's deal? Is this just a really expensive midlife crisis? I haven't been following him beyond the early stages, so my perception is driven strictly by news headlines. But they don't seem that unbelievable. 1 Link to comment Share on other sites More sharing options...
flyfishing3 Posted March 11, 2016 Author Report Share Posted March 11, 2016 5 hours ago, theForgottenone said: Did anyone catch that Kasich was one of the Lehman brothers partner before the whole deal went down? 😂 according to him, he was running a branch in OHIO, not in NY and not involved with the mortgage props etc. now he did get a monster bonus after the shit started, but i don't blame him for the collapse. Link to comment Share on other sites More sharing options...
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