Recruiting forum off topic thread (no politics, covid, or hot button issues)

#2,251
#2,251
Ten_Titans said:
What tax cuts are you referring to? The top earners in this country pay the bulk of the taxes. The top earners in this country are taxed at about the average rate by global standards.

Trickle down economics isn't real, but neither is the idea you can tax the rich into generating a thriving middle class.
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This is the truth. There is fact based evidence to prove it. IRS statistics prove it out. The whole "the rich need to pay their fair share" line is a bunch of bull 💩.
 
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#2,254
#2,254
jave36 said:
I see it all the time. True you can't live in NYC right out of college and expect to save your way to a million, but outside of the most expensive cities it's really not that hard. Listen to all the Dave Ramsey people who are middle class people with paid off houses and 7 figure retirement funds. I know plenty of people like that personally.
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The same guy that declared bankruptcy?
 
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#2,258
#2,258
Ten_Titans said:
Sorry. Contributing for your Roth IRA is more responsible than having kids you can't afford.

I'm demonstrating a point, not stating the obvious.
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I support your point and your logic. Not convinced the execution is going to win many over though.
 
#2,259
#2,259
jave36 said:
I mean, that's 50k minimum in interest per year, plus social security, that's pretty much enough to live on if you've paid off your house. Is 65k not enough to live on with a paid off house?
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Maybe today. The way we are going in 35 years $65k might barely pay for the gas in your car.
 
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#2,261
#2,261
jave36 said:
I mean, that's 50k minimum in interest per year, plus social security, that's pretty much enough to live on if you've paid off your house. Is 65k not enough to live on with a paid off house?
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Not comfortably for a couple imo. And it would mean you won't be able to leave anything for your kids. Not to mention that's today's dollars. 20-40 years from now it won't be squat. I'm 40 years old and I'm thinking I'll need at least 5 million to retire comfortably.
 
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#2,267
#2,267
Also, people need to quit pointing at the top 1%. That cutoff is around $250,000/year. Hardworking people that almost certainly pay quite a bit of taxes. It’s the .1% of that 1% (the Forbes list basically) that are cheating the system and avoiding taxes for their companies through crazy loopholes while still getting government subsidies due to having politicians in their back pocket.
 
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#2,268
#2,268
Glitch said:
This is the truth. There is fact based evidence to prove it. IRS statistics prove it out. The whole "the rich need to pay their fair share" line is a bunch of bull 💩.
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It is all about convincing folks to hate someone , blame their problems on them, and keep the politicians in power to enrich themselves.

Gotta have a boogeyman.
 
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#2,269
#2,269
Smokeytom said:
Also, people need to quit pointing at the top 1%. That cutoff is around $250,000/year. Hardworking people that almost certainly pay quite a bit of taxes. It’s the .1% of that 1% (the Forbes list basically) that are cheating the system and avoiding taxes for their companies through crazy loopholes while still getting government subsidies due to having politicians in their back pocket.
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Yes this is true for most americans but as for business owners the tax breaks really help. Instead of paying 5-6 figures in on taxes every year you have write-offs. Not really a loophole but kind of is. I can buy something to further my business without giving my money to the government. Last year my accountant said I owed x amount so in turn bought a house fixed it up and sold it. That’s a loophole as my business has nothing to do with housing.
 
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#2,270
#2,270
Smokeytom said:
Also, people need to quit pointing at the top 1%. That cutoff is around $250,000/year. Hardworking people that almost certainly pay quite a bit of taxes. It’s the .1% of that 1% (the Forbes list basically) that are cheating the system and avoiding taxes for their companies through crazy loopholes while still getting government subsidies due to having politicians in their back pocket.
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Agreed.
 
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#2,271
#2,271
Volsdeep4 said:
Yes this is true for most americans but as for business owners the tax breaks really help. Instead of paying 5-6 figures in on taxes every year you have write-offs. Not really a loophole but kind of is. I can buy something to further my business without giving my money to the government. Last year my accountant said I owed x amount so in turn bought a house fixed it up and sold it. That’s a loophole as my business has nothing to do with housing.
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Nice job.
 
#2,273
#2,273
Ashevolle said:
Not comfortably for a couple imo. And it would mean you won't be able to leave anything for your kids. Not to mention that's today's dollars. 20-40 years from now it won't be squat. I'm 40 years old and I'm thinking I'll need at least 5 million to retire comfortably.
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Sounds reasonable. Similar situation here.
 
#2,275
#2,275
jave36 said:
I said Dave Ramsey people, and you know that's what I said; but your responses show you don't actually care about the truth of this matter, so I'm going to bow out.
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I'm sure the guy gives fantastic information. My in laws are those people, that are in that camp. So, kudos to them for finding something that works. I know full well the sacrifices they've made.

To each his own.
 
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