kallend 1,623 #76 August 19, 2008 QuoteQuoteDidn't sound like a joke until he realized he'd put his foot in it and laughed. It was clearly said as a joke. Just because he is not your candidate of choice, it won't kill you to be honest. I disagree. Just because he said afterwards that it was a joke does not make it one. Just because he is your candidate of choice, it won't kill you to be honest... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
Muenkel 0 #77 August 19, 2008 I guess we're at a stalemate then. _________________________________________ Chris Quote Share this post Link to post Share on other sites
billvon 2,396 #78 August 19, 2008 >Right after viewing the Warren interviews on CNN, I heard the >CNN commentator do the exact same thing you just did. He posted something on dropzone.com? Yes, I've heard the "joke" explanation, but I have yet to hear any other answer from him. Have you? He's been asked twice. Quote Share this post Link to post Share on other sites
kelpdiver 2 #79 August 19, 2008 QuoteQuoteQuoteQuoteQuote No, you don't have an option, or no, your Cali assets don't count, or no, Cali is not desirable? I suspect you don't move to a cheaper place because Cali IS more desirable than Nebraska or Mississippi, which is why Cali prices are higher. So your income allows you to live in a nicer place. 1. No, I don't have that option. I'm admitted to the bar in California and no other state. 2. No, my Cali assets don't count because they're owned by the bank, not me. 3. No, I wouldn't be taking my income with me, because if I moved elsewhere, I'd make less money. Were you forced to choose CA? Even if I didn't choose California (and it was pretty much the default, since I was born here, my family is here, and my dad paid my bar exam fees for California and would not have done so for another state), and I went and paid the ridiculous fees to take another bar exam, I wouldn't be taking my income or assets to another state, because I'd be making less money and the bank owns my home. But if the CoL is less elsewhere, it would cancel out. So your higher income allows you to live in the Golden State and not have to live in Illinois like me. The rich have more options than the poor. It does basically cancel out. If I could get my salary in Minnesota, I'd probably be willing to do it for a couple years and stockpile a downpayment for a house back here. But no, I go there, and it's a substantial paycut, even for a short term (6 month) contract. If Kris was a lawyer there, she'd probably make the same sort of living. However, in professions that result in a high level of education debt (doctors, mba's, lawyers), there certainly is an inclination towards urban areas with higher pay than rural areas, contributed to the lack of professional infrastructure. Quote Share this post Link to post Share on other sites
jcd11235 0 #80 August 19, 2008 QuoteThats hilarious considering that I have a Bachelours in Mathematics and have taken math classes that you probably could never dream of understanding. If that is indeed the case, then you understand how disingenuous your claim is. QuoteI mentioned that Bush needed to deal with 9/11 in great part because of Clintons failed policies with Osama Bin Laden, which is a fact. And even larger part because the Bush administration ignored OBL for the first seven and a half month of his presidency.Math tutoring available. Only $6! per hour! First lesson: Factorials! Quote Share this post Link to post Share on other sites
jcd11235 0 #81 August 19, 2008 QuoteHopefully, you can sell $121k per month of product - enough to break even. Actually, you'll want to move about $170k per month so you can pay taxes, etc., on it. That'll put you close to breaking even. Pssst … Operating expenses are tax deductible! Income tax liability at the break even point is approximately zero.Math tutoring available. Only $6! per hour! First lesson: Factorials! Quote Share this post Link to post Share on other sites
lawrocket 3 #82 August 19, 2008 QuoteSo your higher income allows you to live in the Golden State and not have to live in Illinois like me. The rich have more options than the poor. Actually, the Golden State allows people like Kris and I to have the same opportunities as anywhere. High income is funny, since I only once cleared $20k in earnings until I was 29. And, I chose to move to a place like Fresno because of the decreased cost of living. It's not that I couldn't build a life in SoCal, it would simply take longer, and my income can go further here than there. I'd still be struggling to have ONE house in LA, much less my house and another investment rental. Many places in Cali are like buying stocks - I can get three shares at $333 or I can get 10 shares at $100. We chose to live in Cali and practice here because it is where home is. We grew up here and went to school. Frankly, I don't even want to THINK about taking another Bar exam. Unlike you, whose profession relies on the laws of physics, that don't change from place to place, our profession is limiting. So in fact, we have less options than others. But does that make Kris "rich?" Probably not. Hey Kris - why don't you and I put our net worths against others who claim that we could be rich and see who comes out better? I'm sure it would be enlightening to many of them just how little they are in the negative and how much you and I are. Because our investments will pay off in the long run. My wife is hotter than your wife. Quote Share this post Link to post Share on other sites
nerdgirl 0 #83 August 20, 2008 QuoteQuoteHopefully, you can sell $121k per month of product - enough to break even. Actually, you'll want to move about $170k per month so you can pay taxes, etc., on it. That'll put you close to breaking even. Pssst … Operating expenses are tax deductible! Income tax liability at the break even point is approximately zero. Also may want to take into account opportunities like SBIR & STTR programs. There are lots out there; that's just the one w/which I am most familiar. VR/Marg Act as if everything you do matters, while laughing at yourself for thinking anything you do matters. Tibetan Buddhist saying Quote Share this post Link to post Share on other sites
rushmc 18 #84 August 20, 2008 QuoteNo matter who you ask, "Rich is anybody who makes 60% more than me." It all gets down to "disposable" income. If you make $40K a year and spend 20 surviving, you have 20 to waste. If you make $20K a year, you are eating. People who gross $20K a year should not have to pay taxes. You got it. And where he was headed with this stupid thread was anybody who make 60% more than him is rich and (unles they agree with him politically) should be taxed at a 70% rate. "America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
lawrocket 3 #85 August 20, 2008 Yes. And that's why I pointed out that these are the people and businesses that don't pay taxes, and that many believe shoul dbe paying more. I'll tell you that the tax rate woul dbe about accurate - just for payroll taxes. SSI, etc., is a pretty hefty chunk. Add to that state taxes like Unemployment, required contributions like workers comp, and there's a lot to add to it. My wife is hotter than your wife. Quote Share this post Link to post Share on other sites
tbrown 26 #86 August 20, 2008 QuoteI'd say it's annual income on top of net worth. Someone who has ten million in the market/real estate/investments is rich even if he works at a drop zone. All that means is that someone has a lot of paper for insulating their leaky trailer at the dropzone..... Your humble servant.....Professor Gravity ! Quote Share this post Link to post Share on other sites
jcd11235 0 #87 August 20, 2008 QuoteYes. And that's why I pointed out that these are the people and businesses that don't pay taxes, and that many believe shoul dbe paying more. I see I took your response out of context of the question posed. Fair enough. Having said that, referring to business expenses in a thread about personal income levels doesn't make a valid point. Only the profit is considered income, not the operating expenditures. If an individual (as opposed to a business that may or may not be owned by an individual) spends $1M/year (counting capital only once, e.g. if $50k worth of stock is purchased and then resold to finance another $50k worth of stock, it only counts as spending $50k) do they have a "rich" lifestyle?Math tutoring available. Only $6! per hour! First lesson: Factorials! Quote Share this post Link to post Share on other sites
TrophyHusband 0 #88 August 20, 2008 QuoteQuoteNo matter who you ask, "Rich is anybody who makes 60% more than me." It all gets down to "disposable" income. If you make $40K a year and spend 20 surviving, you have 20 to waste. If you make $20K a year, you are eating. People who gross $20K a year should not have to pay taxes. You got it. And where he was headed with this stupid thread was anybody who make 60% more than him is rich and (unles they agree with him politically) should be taxed at a 70% rate. i don't give a fuck how much someone makes, i think they should get to keep at least half of it. "Your scrotum is quite nice" - Skymama www.kjandmegan.com Quote Share this post Link to post Share on other sites
DrewEckhardt 0 #89 August 20, 2008 QuoteQuotePeople who gross $20K a year should not have to pay taxes. According to CBO data, they're not. In 2000, households making 37700 (pretax, 2005 dollars) had an Federal income tax rate of 1.5% Year - Pretax - Tax Rate 2001 - 38000 - 0.3% 2002 - 26800 - 0.2% 2003 - 36400 - 1.1% 2004 - 37200 - 0.9% 2005 - 37400 - 1.0% But a FICA tax rate of 12.4% and medicare 2.9% making total tax rate 14%. Quote Share this post Link to post Share on other sites
kallend 1,623 #90 August 20, 2008 Quote ... this stupid thread Feel free NOT to participate, or NOT even to read it.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
mnealtx 0 #91 August 20, 2008 QuoteQuoteQuotePeople who gross $20K a year should not have to pay taxes. According to CBO data, they're not. In 2000, households making 37700 (pretax, 2005 dollars) had an Federal income tax rate of 1.5% Year - Pretax - Tax Rate 2001 - 38000 - 0.3% 2002 - 26800 - 0.2% 2003 - 36400 - 1.1% 2004 - 37200 - 0.9% 2005 - 37400 - 1.0% But a FICA tax rate of 12.4% and medicare 2.9% making total tax rate 14%. Agreed - between the employer's contribution and the employee'. However, those taxes are not subject to income tax cuts, which was what was being discussed.Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
johnie 0 #92 August 20, 2008 My 3 Daughters told me they love me! My wife kissed me! I have a Warm bed to sleep in ! Great friends to skydive with! I'm rich!No matter where you Go!"there you are"! Quote Share this post Link to post Share on other sites
mnealtx 0 #93 August 20, 2008 QuoteMy 3 Daughters told me they love me! My wife kissed me! I have a Warm bed to sleep in ! Great friends to skydive with! I'm rich! Absolutely, bro!Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
bjjman 0 #94 August 20, 2008 QuoteIt's a fact of life that you have to pay back what you borrow. Not true."Great spirits have always encountered violent opposition from mediocre minds." -Albert Einstein Quote Share this post Link to post Share on other sites
bjjman 0 #95 August 20, 2008 QuoteToo lazy to work? No problem, pop out some kids, live in government housing, get free money and free food each and every month. Take that government check and get a 50" TV from Rentacenter and live large with no furniture in your house. Too lazy to work and get medical insurance? No problem. Call 911 and get a free ride to the ER for your stomach ache or sprained ankle. You'll be billed, but that bill will be written off by the government for the hospital and all the first responders that had to put up with you. Too lazy to contribute to society? Don't worry about it, we have government programs to make you feel better about yourself while you light up that crack rock. You are physically disabled? Well, lets help you out with the expectation that you will contribute to society as much as you can without discriminating against you. A natural disaster happens in an area prone for that natural disaster and you didn't have insurance? Don't worry, the government will bail you out and put you up in nice hotels/apartments for two years while you collect free money and do nothing. Buy a house well beyond your means? Don't worry, the government will bail you out! Go ahead and write off all your credit card debt too! This could go on for a long long time. Those examples listed are from what I have personally seen our government do! [rant] Worth repeating. I love my country, but fuck! Are all countries as fucking socialist as us? It pisses me off because responsible people, like myself, are the ones hurt the most. Lazy dumbfucks get the most benefit. [/rant]"Great spirits have always encountered violent opposition from mediocre minds." -Albert Einstein Quote Share this post Link to post Share on other sites
bjjman 0 #96 August 20, 2008 QuoteMy 3 Daughters told me they love me! My wife kissed me! I have a Warm bed to sleep in ! Great friends to skydive with! I'm rich! +1"Great spirits have always encountered violent opposition from mediocre minds." -Albert Einstein Quote Share this post Link to post Share on other sites
billvon 2,396 #97 August 20, 2008 >>It's a fact of life that you have to pay back what you borrow. >Not true. A lot of people thought as you did a few years back; many of them are now losing their homes. No matter how good the deal sounds, there ain't no such thing as a free lunch. Quote Share this post Link to post Share on other sites
champu 1 #98 August 20, 2008 QuoteQuoteQuoteWere you forced to choose CA? Even if I didn't choose California and I went and paid the ridiculous fees to take another bar exam, I wouldn't be taking my income or assets to another state, because I'd be making less money and the bank owns my home. But if the CoL is less elsewhere, it would cancel out. So your higher income allows you to live in the Golden State and not have to live in Illinois like me. The rich have more options than the poor. Were you forced to choose IL? I grew up in Illinois and had plenty of inertia keeping me there, but I moved to SoCal because I can skydive year round here, because designing satellites is a lot more fun than designing cell phones, and because living about a mile away from the beach is kinda neat. The starting salary scaled to the CoL pretty well, and I imagine your profession would share the same mobility. Someone not having the drive to seek out a location they enjoy doesn't make them richer/poorer/more taxable/less taxable, it just makes them a fool. Quote Share this post Link to post Share on other sites
Samurai136 0 #99 August 20, 2008 Quote Quote Anybody who thinks 100K/yearly is rich, is probably a looser with low asperations. I am sure there are plenty of them to go around Quote Thats hilarious considering that I have a Bachelours in Mathematics and have taken math classes that you probably could never dream of understanding. Quote Now although I have impressed myself with my blackberry, I am done typing in this tiny keyboard. Holy crap. Your ego is absolutely staggering. So far, it's the only thing that's even remotely impressive about you. Sheesh. It would be more impressive if he was posting from his iphone and had a PhD in Applied Mathematics but he only has a Bachelors in Math... and a BB. feh. how common."Buttons aren't toys." - Trillian Ken Quote Share this post Link to post Share on other sites
bjjman 0 #100 August 20, 2008 True, there is no such thing as a free lunch. But if I borrow money and then declare bankruptcy I certainly haven't "paid back what I borrowed.""Great spirits have always encountered violent opposition from mediocre minds." -Albert Einstein Quote Share this post Link to post Share on other sites
