Originally Posted by Buehler445:
What makes your tax rate so bad? SE?
I mean the amount of Federal, State and KCMO tax. I ain't rich yet I effectively lose 30% of my earnings and get what in return? the 1% KC tax especially. The schools suck. The roads suck. If I used the libraries I could say they suck if that were true. So where's that money going? [Reply]
Originally Posted by Discuss Thrower:
I mean the amount of Federal, State and KCMO tax. I ain't rich yet I effectively lose 30% of my earnings and get what in return? the 1% KC tax especially. The schools suck. The roads suck. If I used the libraries I could say they suck if that were true. So where's that money going?
I hear you.
Nobody hates taxes more than this guy.
Mine are better with a couple kids and QBI. Kansas sucks ass too fwiw. Wife teaches and that’s supposed to be where all the money goes and talk about a shit return.
Farmers are cash accounting and one year I deferred a bunch of grain and maxed out SE and then income average. It was a sound strategy but MOTHERFUCKER that sucked serious ass. I started an S Corp directly. I didn’t think I was a big enough farmer to justify it at the time, but I should have done it from the get go.
When we had the big liability that year I thought my wife was going to tell me you’re done with this farming shit LOL. [Reply]
Originally Posted by Hog's Gone Fishin:
Clay had a job at Amazon but I guess he had to quit because his IQ got too low.
This is a stupid joke that doesn't even make sense, about a stupid stock that sucked ass, and a stupid job that I was glad to leave, and you can suck my fucking dick. [Reply]
So If you had $50,000.00 sitting in an IRA in the form of cash what one stock would you buy so you could turn into Warren Buffet? Go all in with $50,000.00! [Reply]
Originally Posted by philfree:
So If you had $50,000.00 sitting in an IRA in the form of cash what one stock would you buy so you could turn into Warren Buffet? Go all in with $50,000.00!
I'd ask Clay what to buy then short whatever he picks. [Reply]
Originally Posted by philfree:
So If you had $50,000.00 sitting in an IRA in the form of cash what one stock would you buy so you could turn into Warren Buffet? Go all in with $50,000.00!
Are we trying to hit a home run? Or would this be a realistic thing where we're managing risk and reward? I'm content with a lower reward and lower risk if it's real money.
If I was trying to hit a home run, I'd go with a cruise line or with an REIT. They're going to bounce back strong or go under. I've got some REITs that have been sodomized for the past month like TWO. TWO might be my play if I wanted to hit a home run and not worry about risk.
If I was putting it all in one stock and I cared about risk, I'd probably go AMZN. It'll go up with market increases and won't get nailed as bad if the market tanks.
So if this is a game, I'll put my money in AMZN. [Reply]
