What's up today (bullchiting) thread.

I hate taxes more than the average person I think...but I feel the need to set the record straight here.

Nobody earns just enough to "put them into the next tax bracket". Its tiered, so as you get into the next bracket only income over that amount is taxed at that amount. For example (and I dont know if these are exact numbers, but bear with me).

If the brackets are as follows:

- up to $40k pays 0%
- $40-$90k pays 15%
- $90k-$140k pays 25%

If you make say $95,000 you arent paying 25% on your entire $95,000 because you juuuust tapped into that bracket.

You would pay 0% on your first $40k, 15% on your $40-90k, then 25% of the remaining $5,000.

Again, Im not saying that makes it any better....I strongly believe taxing income at all is incredibly immoral and should never be acceptable to the people of this country. Essentially the government is forcing you to work for them against your will...I realize its a bit of a stretch to say its a form of "slavery", however it really can be looked at like that. They're taking a portion of my time, sweat, blood, skills, etc against my will.

However whenever I see someone say they make just enough to move into the next tax bracket and that they're actually taking home less because of it I feel the need to correct them on that.

 

He$$, I know I'm old because it takes me all night to do what I used to do all night !!!...................

 

Ditto!

 

Well, started the morning off getting a fire going. Then I went outside and split up some more kindling. And now here I am until I go into work in a few minutes.

 

If William Wallace and a kangaroo had a love child.....
Happy Birthday Rotti !!

 

Yeah its not even hard to imagine is it Dennis?!
Some people talk about the "terrible twos"...yeah, our lil guy was just using that as practice for the "truly terrible threes"!
He's been a handful for sure...

 

For clarification, you are citing numbers for married, not singles.

And I don't recall anyone saying they took home less - just put in more time for little gain.

 

Oh he definitely is...just going through the phase of not listening and being difficult right now...this too shall pass (I hope!)

 

Hopefully it was an error and with correction the numbers will add up more in your favor

 

4H archery safety meeting this morning. Worked on the stairs some more....bit off a little more than I thought on this project. Helped my BIL carry 40 sheets of 12' drywall into the house...Gonna feel that one tomorrow. Made dinner. Not sure what to do this evening.

 

We got 1.5 trailer loads up the house from yesterday and I dismissed the boys. Then went scouting and came across this huge Ash recently a blow down. It's going to be a little tough to get to. I'm afraid it's going to be a lot of punk. I think I'll poke at with the 562 tomorrow and make the decision after that. I hope it's still salvageable. It's a big one.
That little maple is going to be a keeper.