This is scary but could it happen here...?

[Army_of_One]

Originally Posted by The Drifter

Well if you're no expert in everything, then you build a strong case for it without having to say it.

For the Master Economist check here:
This is scary but could it happen here...?
Post #1 is a good example "Forgive these people for they know not what they do!!!"
Real Estate Saleman here:
How's your flood insurance?
Post #12 is a good example "Nothing in Dodge short of a casino will ever drive the housing prices up....Buying a house here is like buying swamp land in Florida or Desert in California..."
For the Politcal Scientist check any of the threads around Election day.

Purpose of that post as well as many others, is to point out truths as i see them. I like to call people on BS and also call them out when they don't point out both sides. Any good english instructor will tell you you won't be credible if you don't point out the counter points.

That is what this board is for...point and counter point. Those are just my opinions and will not hold up in a court of law as I am no expert. There are plenty of counterpoints on this board...I guess I will choose to not be credible because I am not going to say I'm for tax cuts then offer a reason why there shouldn't be tax cuts.....

[Made in the USA]

Originally Posted by Army_of_One

I am a master of nothing....

Right now, I think Army is a "Master--Baiter"!! You might as well just "keep fishing" until the kid comes!!

[Bubba]

Originally Posted by Highwayman

I read it the first time. A one man survey in his office. Hardly something to base public policy on.

Do you honestly believe the outcome would be any different in a different rich man's office?

[Bubba]

Originally Posted by Army_of_One

What income would you consider someone to be wealthy Bubba?

I would say that for somebody to be considered in the upper class range, would be about the point where you no longer have to pay Social Security (FICA) taxes on your earnings. For 2007, I believe that magic number is $97,500 income for the year.

[TexKan]

Really???............... hell when we were married we at one point made over that but we still paid taxes........... course most of hubby's was tax relieved anyhow cause he was military......... They don't or didn't pay some of the taxes.... I think it is SS they don't pay...... hell I can't remember and on retirement pay.......... we ain't never gonna see that........ plus since I'm just gonna be livin in sin forever (I'm unmarriable now!! LOL) we won't ever have that joint filin thing. Guess I better keep the check book close!

[Bubba]

You pay Social Security taxes on income up to $97500 in 2007 any income over that does not have social secuity tax witheld. Income taxes still apply. These amounts are current in previous years it was less, last year (2006) the amount was $94200, in 2000 it was $76200. This is for an employee, not combined income, so it wouldn't matter if you are married or not.

[TexKan]

Well there's the problem - THAT's why I'm not rich!!........ Hell I was only "thinkin" we were rich - at one point for bout 10 years !!! LOL
That's why I never could make more than him - cause he was gettin all the damn tax cuts!.... gotta love that military pay tho!.... I know they don't pay either SS or FICA........... bet it's SS tho.

[Army_of_One]

Originally Posted by Bubba

You pay Social Security taxes on income up to $97500 in 2007 any income over that does not have social secuity tax witheld. Income taxes still apply. These amounts are current in previous years it was less, last year (2006) the amount was $94200, in 2000 it was $76200. This is for an employee, not combined income, so it wouldn't matter if you are married or not.

So if a couple makes say 98,000 and lives in San Francisco...you would consider them wealthy?

[Highwayman]

Originally Posted by Bubba

Do you honestly believe the outcome would be any different in a different rich man's office?

On one hand we have data from the Congressional Budget Office based on all IRS returns and on the other you have an informal poll with a small sample taken by one man. If I tried to use something like that to make a point that you didn’t agree with you’d rip me a new one.

[Made in the USA]

Originally Posted by Army_of_One

So if a couple makes say 98,000 and lives in San Francisco...you would consider them wealthy?

By the time I pay all my taxes, tags, registrations, withholdings, social security, etc., I make a Buck & a Half a day!!! What's that make me?????