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  #1226  
Old 08-15-2014, 12:28 AM
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Default Re: Yo, top 1%: shut the fuck up

Not to derail the fascinating discussion of 1944 tax law.

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  #1227  
Old 08-15-2014, 03:02 PM
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Default Re: Yo, top 1%: shut the fuck up

That stuff's blocked at work, so I google-fu'd it.

http://www.politico.com/magazine/sto...ts-108014.html
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  #1228  
Old 08-16-2014, 05:25 AM
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Default Re: Yo, top 1%: shut the fuck up

Quote:
Originally Posted by Jerome View Post
You are an idiot, the topic is the 1944 tax.
Evasion?

I win.

Naturally.:chin:
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  #1229  
Old 09-17-2014, 08:05 PM
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Default Re: Yo, top 1%: shut the fuck up

Join social media's 'country club' for just $9,000 - CNN.com

:lol:

Quote:
Would you enjoy social media more without all those pesky 99-percenters complaining about their mortgage payments and high cable bills?
For a mere $9,000, Netropolitan is here to help.

...

Touchi-Peters, 48, a composer and former conductor of the Minnesota Philharmonic Orchestra, said he had trouble finding people to whom he could relate on other social sites.

"I saw a need for an environment where you could talk about the finer things in life without backlash -- an environment where people could share similar likes and experiences," he said.

...

There are no ads, the site is not indexed by search engines...
I guess they got tired of finding their posts on Rich Kids Of Instagram.
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  #1230  
Old 09-17-2014, 08:10 PM
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Default Re: Yo, top 1%: shut the fuck up

:pointlaugh: Touchi-Peters
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  #1231  
Old 09-17-2014, 08:29 PM
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Default Re: Yo, top 1%: shut the fuck up

:pointlaugh: :dancebey:
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  #1232  
Old 09-18-2014, 05:24 AM
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Default Re: Yo, top 1%: shut the fuck up

I'm glad it exists. I hope many Bernie madoffs descend on the place. 9k is cheap for such a target rich environment :)
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  #1233  
Old 09-18-2014, 02:28 PM
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Default Re: Yo, top 1%: shut the fuck up

Quote:
There are no ads, the site is not indexed by search engines, and moderators are active at all times to police bad behavior (like spamming ads for your own business).
lol $9,000 ~E~ itt
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  #1234  
Old 09-18-2014, 06:10 PM
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Default Re: Yo, top 1%: shut the fuck up

That's cheaper than the :ff: Super Sekrit Forum.
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  #1235  
Old 09-18-2014, 06:18 PM
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Default Re: Yo, top 1%: shut the fuck up

They made you pay? :roffle:
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  #1236  
Old 09-18-2014, 07:41 PM
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Default Re: Yo, top 1%: shut the fuck up

It's kind of like a star on the Hollywood Walk of Fame. If you're famous enough, you don't have to pay.
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  #1237  
Old 09-20-2014, 08:59 AM
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Default Re: Yo, top 1%: shut the fuck up

The Wall Street Journal cries about the poverty of making $400,000 a year
noting
Do You Make $400,000 a Year But Feel Broke?

Quote:
How can you make $400,000 dollars a year and still feel like you're just getting by?
Let's see...
Quote:
Married, Two Kids, Chicago: $400,000

Core Expenses:
What How Much
Home $1,200,000
Mortgage $850,000
Mortgage Payment $87,000 / yr
Property Tax $24,000 / yr
Home Maintenance $25,000 / yr
Utilities & Bills $15,000 / yr
Grocery $ 30,000 / yr
Auto Insurance $9,000 / yr
Total $190,000 / yr
Discretionary Expenses:
What How Much
2 Vacations $25,000 / yr
New Car $15,000 / yr
Entertainment $10,000 / yr
Club Dues $12,000 / yr
Total $62,000 / yr
Other Expenses:
What How Much
Kids Sports $10,000 / yr
529 Contribution $10,000 / yr
Gifts / Holidays $6,000 / yr
Fundraisers $5,000 / yr

Now is the time to make some changes. Save that bonus and cut your spending–while you still have an income.
But poor people are supposed to be rich, even though they get only a tiny fraction of that.
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  #1238  
Old 09-20-2014, 10:31 AM
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Default Re: Yo, top 1%: shut the fuck up

They say $9K/yr for auto insurance but then only (discretionary) $15K/yr for new cars. That alone is pretty clear evidence that whoever came up with the figures just pulled them out of their ass.

They probably got some underpaid member of staff or perhaps an intern to do it. I bet all the Wall Street Journal staff that get $200K/yr or more were too busy with business lunches or 'networking golf games' to do it.
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  #1239  
Old 09-20-2014, 11:58 AM
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Default Re: Yo, top 1%: shut the fuck up

30 grand for groceries? Holy cow!
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  #1240  
Old 09-20-2014, 02:18 PM
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Default Re: Yo, top 1%: shut the fuck up

I can't get over the $25,000 a year in house maintenance. Are they adding a bathroom or roof every year or something? Hell, my roof only cost me 1/4th of that.
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  #1241  
Old 09-20-2014, 02:54 PM
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Default Re: Yo, top 1%: shut the fuck up

Only 2 vacations?! :gasp: And where are you even going to go for only 12.5k on average?
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  #1242  
Old 09-20-2014, 04:56 PM
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Default Re: Yo, top 1%: shut the fuck up

Quote:
Originally Posted by Janet View Post
I can't get over the $25,000 a year in house maintenance. Are they adding a bathroom or roof every year or something? Hell, my roof only cost me 1/4th of that.
Maid service, pool service, and lawn care service.
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  #1243  
Old 09-20-2014, 04:56 PM
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Default Re: Yo, top 1%: shut the fuck up

Quote:
Originally Posted by Ensign Steve View Post
Only 2 vacations?! :gasp: And where are you even going to go for only 12.5k on average?
I've never been on a vacation that cost more than $1200.
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  #1244  
Old 09-20-2014, 05:11 PM
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Default Re: Yo, top 1%: shut the fuck up

So all that stuff is 283,000 a year. After all that they still have 117k to do whatever the fuck they want with. Is that not enough?
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  #1245  
Old 09-20-2014, 05:21 PM
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Default Re: Yo, top 1%: shut the fuck up

Income taxes are a bitch when you make $400,000 per year, probably $80-90,000 for Federal and the rest for State.

I'll have to ask my sister, that's about what she makes. However, I would bet her budget looks a bit different.

Core Expenses
House $165,000
Mortgage 9,000
Property Tax 2,000
Home Maint 4,000
Util & Bills 5,000
Grocery 5,200
Auto Insurance 1,200
Subtotal $25,200

Discretionary Expenses
Vacations $7,000
New Car 5,400
Entertainment 4,000
Org. Dues 1,200
Gifts 5,000
Fundraising 5,000
Support for Kids 9,600
Subtotal $37,200

Total $62,400

Which leaves $337,600 to pay taxes. No wonder she was able to whip out $120,000 worth of student loans in just a few years.
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Last edited by Dingfod; 09-20-2014 at 05:41 PM.
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  #1246  
Old 09-20-2014, 05:52 PM
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Default Re: Yo, top 1%: shut the fuck up

Oh nevermind.
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Old 01-16-2015, 07:46 AM
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Default Re: Yo, top 1%: shut the fuck up

LadyShea got this one in another thread

'Bitcoin Jesus' Visa Application Denied - Business Insider

He rejected US citizenship so that he could avoid paying taxes to the US government and its subsidiaries, but he's now complaining that US authorities won't give him a visa to allow him to visit the US again.
Quote:
The official reasoning behind Ver's rejection is that he doesn't have sufficient "ties" to his country of residency in the Caribbean and has not demonstrated he has "the ties that will compel [him] to return to your home country after your travel to the United States," according to a picture he tweeted of a letter that appears to be from the embassy.

In short, US officials are worried that Ver might choose to stay in his native country illegally.
He's rich enough to be easily detached from any one place. Given his wealth, he could invest it in some superconservative investments, returning only 0.1%/year, and still have a huge income. Enough to live out of hotel rooms wherever he goes.
Quote:
The fiercely libertarian entrepreneur has also appealed for others to follow his lead on citizenship, in June launching a website that helps wealthy people pay their way to citizenship on his new island home of the Federation of St. Kitts and Nevis in the West Indies.
Presumably to be renamed the Galt Islands.
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  #1248  
Old 01-16-2015, 07:49 PM
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Default Re: Yo, top 1%: shut the fuck up

On our cruise over the holidays, we visited Grand Cayman. The tour driver showed us a new complex being built and told us that much of it was paid for by the Dart family, of plastic cup fame. He said Dart was also building them a freeway. I silently stewed thinking that the Dart family is from Michigan and I could thank the Cayman's tax haven for our crappy roads while they got a nice, new one.
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  #1249  
Old 01-19-2015, 06:24 AM
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Default Re: Yo, top 1%: shut the fuck up

BBC News - Richest 1% to own more than rest of world, Oxfam says

Quote:
The richest 1% of people will see their share of global wealth increase to more than 50% in 2016 at the current rate of growth.

Their wealth increased from 44% in 2009 to 48% last year, said the group.

Oxfam's report warns that the "explosion in inequality" is holding back the fight against global poverty.
Finally! And surely they deserve every cent of it!
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  #1250  
Old 01-19-2015, 09:30 AM
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Default Re: Yo, top 1%: shut the fuck up

Yes, and more people around the world have escape extreme poverty thanks to the riches

so everyone is better except some entitled american and european middle class, what is wrong about that?
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