How much do you earn? - Page 2 - Mercedes-Benz Forum

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post #11 of 46 (permalink) Old 04-15-2009, 11:41 AM
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I just got a raise afew days ago; now I make $25,000 a year. Not bad considering that a lot of people are getting furloughs or simply losing their job.
I have $2 in my pocket to buy lottery tickets (my retirement fund) and a credit card that I use for groceries, gas and to pay the mortgage. My minimum payment on that card is $30 so I am living large
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post #12 of 46 (permalink) Old 04-15-2009, 11:52 AM
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post #13 of 46 (permalink) Old 04-15-2009, 12:07 PM
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I am not paid a measly Aussie dollar. I just make US... (sorry my accountant wants me in a conference call with my lawyer about today's tax deadline. Bye, bye)


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Second thing I learned in Tax Law, never ask a person how much makes, you will hear a lie or an excuse. You may ask anything else personal and it will not be as taboo as earnings or personal liquid assets.

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post #14 of 46 (permalink) Old 04-15-2009, 12:13 PM
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Originally Posted by QBNCGAR View Post
I make enough to spend time here on occasion, and enough to know that Shane needs help figuring out how to make the tax code work for him instead of against him.

Unless he's talking about the percentage of everything he spends money on ever, amounting to 50%. My effective income tax rate has been at or below 10% for around 10 years, because I take every advantage afforded me by law.
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Originally Posted by Stuantle View Post
I earn somewhere between a bunch and a shitload. I keep my involuntary servitude rate below 20%.
So, do you guys not pay the following?

State Retail Sales Tax
Local Retail Sales Tax [some districts]
Local tax [some districts]
Gasoline tax [federal]
Gasoline tax [state]
Utility Tax [four different taxes]
School Tax
Interstate Service Fee [telephone]
SSI
FICA
Real Estate Property Tax
Automobile Usage Tax
Tangible Personal Property Tax

And that is just personal. When you add business taxes, it goes up from there.

There are more but those are just off the top of my head.

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post #15 of 46 (permalink) Old 04-15-2009, 12:17 PM
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Those of us here in the Land Of Pleasant Living will soon be paying the "Driving through a School Zone" tax. My money is on Elau to be the 1st to cough up $40.

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post #16 of 46 (permalink) Old 04-15-2009, 12:21 PM
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Quote:
Originally Posted by mcbear View Post
So, do you guys not pay the following?

State Retail Sales Tax
Local Retail Sales Tax [some districts]
Local tax [some districts]
Gasoline tax [federal]
Gasoline tax [state]
Utility Tax [four different taxes]
School Tax
Interstate Service Fee [telephone]
SSI
FICA
Real Estate Property Tax
Automobile Usage Tax
Tangible Personal Property Tax

And that is just personal. When you add business taxes, it goes up from there.

There are more but those are just off the top of my head.
Quote:
Originally Posted by QBNCGAR
Unless he's talking about the percentage of everything he spends money on ever, amounting to 50%.
Effective income tax rate <= 10%. Not talking about the other stuff, which is consumption based and fixed for everyone.

Those taxes actually work very well. We should use them instead.
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post #17 of 46 (permalink) Old 04-15-2009, 12:38 PM
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Originally Posted by QBNCGAR View Post
Effective income tax rate <= 10%. Not talking about the other stuff, which is consumption based and fixed for everyone.

Those taxes actually work very well. We should use them instead.
But the point was the aggregate.

And if the Federal rate is moved down, as some folks wish, watch those other fixed and consumption based taxes grow like kudzu in the South.

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post #18 of 46 (permalink) Old 04-15-2009, 12:48 PM
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Too bad you can't make oil or ethanol from Kudzu. The South would rise again.
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post #19 of 46 (permalink) Old 04-15-2009, 12:50 PM
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Originally Posted by Stuantle View Post
Too bad you can't make oil or ethanol from Kudzu. The South would rise again.
It is biomass. I am not so sure it couldn't be done. Brazil is years ahead of us in biomass research but that will hopefully change very soon.

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post #20 of 46 (permalink) Old 04-15-2009, 01:05 PM
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^^Yes, I've heard something about using kudzu as a potential fuel also.

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