A tax analogy, who's really paying their fair share?

see4

Well-Known Member
I guess when I say UncleBuck, "we" automatically comes to mind for you.
Why is that?
as ub has mentioned our docked erections have become one. but beyond that point, I am merely using the exact same tactic you provide us (riu) on a daily basis.
 

UncleBuck

Well-Known Member
let's see.

just hypothetically, someone making $35k or so is gonna pay...

6.2% in payroll taxes (SS)
about 1.5% into medicare
about 10% to state taxes (in oregon at least)
0% on income below $8k or so
15% on income between $9k and $33k
and 25% on income above $33k

throw in a nice little refund at the end of the year and you're still looking at 20% or so in taxes.

i have no idea where the returns are right now, they might even be in san jose, or they could be in my garage behind a whole bunch of cannabis plants that i need to harvest.

but my erection is far more important to me at this point.
 

beenthere

New Member
let's see.

just hypothetically, someone making $35k or so is gonna pay...

6.2% in payroll taxes (SS)
about 1.5% into medicare
about 10% to state taxes (in oregon at least)
0% on income below $8k or so
15% on income between $9k and $33k
and 25% on income above $33k

throw in a nice little refund at the end of the year and you're still looking at 20% or so in taxes.

i have no idea where the returns are right now, they might even be in san jose, or they could be in my garage behind a whole bunch of cannabis plants that i need to harvest.

but my erection is far more important to me at this point.
Now it's $35k, last time is was $28k
You just can't keep up with all your lies. :spew:
 

see4

Well-Known Member
How's the million dollar business going? Is it still in a glass house? What do you sell? Stones?
 

beenthere

New Member
How's the million dollar business going? Is it still in a glass house? What do you sell? Stones?
The million dollar construction business is doing pretty good, just picked up another big fire loss, appreciate the concern.

$35k - ((.22)x($35k)) = ???
i can take pictures of my 2008 and 2009 returns.
me: paid 22% last time i was a full timer making about $28k.

romney: makes $20 million: pays 13%.
Hard to keep track of those lies, isn't it? :oops:
Don't worry though, I'm doing it for ya.
 

see4

Well-Known Member
The million dollar construction business is doing pretty good, just picked up another big fire loss, appreciate the concern.
I'd really like to believe you, but I am having a hard time getting how you are online all the time. Running a multi-million dollar business is very time consuming, even at the executive level. Let me ask you. Do you w-2 all your employees? or 1099? or neither?
 

heckler73

Well-Known Member
I made my own space vessel in my back yard...prove I didn't.

BTW, it's an Addams Family pinball game in perfect working order.
What did you use as a propulsion source, and what was your trajectory for the purposes of achieving escape velocity?
What was the total mass of your craft upon completion (payload included)?
Once in space, how did you shield yourself from radiation?
Considering you have intimate knowledge with the technology you used in construction, I would assume these questions are practically trivial for you.
 

beenthere

New Member
I'd really like to believe you, but I am having a hard time getting how you are online all the time. Running a multi-million dollar business is very time consuming, even at the executive level. Let me ask you. Do you w-2 all your employees? or 1099? or neither?
Multimillion dollar business? Our gross receipts have averaged about 1.5M over the last four years, hardly considered a multimillion dollar business.
All of our employees are w-2'd it's a California state law, only my subs are 1099'd.

A lot of my time is spent on the computer, lately I'll admit I've been spending too much time in here, that is a fact, my wife gets pissed when she see's me on RIU but as soon as she comes in the office i minimize the RIU screen and go back to work.:lol:

We only average about 10-11 jobs per year but they are usually big projects.
Once I get them started, they are almost on cruise control. Having excellent crews, subs and an awesome foreman is key.

The money I've made in construction didn't make a rich man by any means, it did however allow me to invest, that's what will enable us to retire in the next five years. ( I hope)
 

echelon1k1

New Member
Multimillion dollar business? Our gross receipts have averaged about 1.5M over the last four years, hardly considered a multimillion dollar business.
All of our employees are w-2'd it's a California state law, only my subs are 1099'd.

A lot of my time is spent on the computer, lately I'll admit I've been spending too much time in here, that is a fact, my wife gets pissed when she see's me on RIU but as soon as she comes in the office i minimize the RIU screen and go back to work.:lol:

We only average about 10-11 jobs per year but they are usually big projects.
Once I get them started, they are almost on cruise control. Having excellent crews, subs and an awesome foreman is key.

The money I've made in construction didn't make a rich man by any means, it did however allow me to invest, that's what will enable us to retire in the next five years. ( I hope)
Glad to hear your wife has class! Good women are hard to find...
 
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