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WTF? No thread on the new tax thingy?

Discussion in 'The Dungeon' started by Metalhead, Sep 28, 2017.

Page 5 of 8
  1. Hooper

    Hooper Well-Known Member

    I'm in San Jose. I live in a decent one bedroom apartment in a nice neighborhood. Rent is $2400/mo. I'm in the low 6 figure number for income, single, and consider myself comfortable but far from "fucking rich" as Mongo put it.
     
    Hooper, Sep 29, 2017
    #81
  2. jrsamples

    jrsamples Banned

    Holy shit $2,400! Fuuuuuuuudge.
     
    jrsamples, Sep 29, 2017
    #82
  3. Hooper

    Hooper Well-Known Member

    But, but, but...

    It has a (shared) garage! :D
     
    Hooper, Sep 29, 2017
    #83
  4. beac83

    beac83 "My safeword is bananna"

    Surprise!

    First analysis of the current plan is that more than half the tax cuts proposed will go to the 1%ers.

    And the thing about how the cuts pay for themselves? - wrong. Average return is on the 20-30% range, most optimistic return is 35%. So it will blow up the debt no matter what it is, or who gets it.

    Rinse, Repeat.
     
    beac83, Sep 29, 2017
    #84
  5. beac83

    beac83 "My safeword is bananna"

    There are a number of real expensive places to live. The 1Br apartment I had in the Bronx in the 1980's for ~$550/mo is now renting for $2450/mo. This cycle, I ended up living about 40 miles out, to keep my rent under $1000/mo, but my commute cost is about $6,500/year for parking at the train station; train and subway fares. Not including the 11 mile round-trip drive to the station each day. So rent+commute approaches $20K /yr
     
    Last edited: Sep 29, 2017
    beac83, Sep 29, 2017
    #85
  6. auminer

    auminer Renaissance Redneck

    Trudat. And we're definitely MUCH closer to point A than point B these days.
     
    auminer, Sep 29, 2017
    #86
  7. Motofun352

    Motofun352 Well-Known Member

    The state income tax deduction is really a federal subsidy for states like Cali and NY. The net effect is less revenue is obtained from those living in those states. If you live in a low or zero state income tax area (especially if they have a high non-deductible sales tax) you are paying more in order to compensate. How is this "fair"?
     
    Motofun352, Sep 30, 2017
    #87
    badmoon692008 likes this.
  8. Mongo

    Mongo Administrator

    You should try making half that, perspective is important :crackup:
     
    Mongo, Sep 30, 2017
    #88
  9. Mongo

    Mongo Administrator

    That's why I always find it funny when people try to use the term middle class.

    To me there is no "middle class for San Francisco" or the like. Quite simply you cannot live in that city if you're middle class. You have to be rich making rich people money - or homeless. Middle class people cannot afford to even park in the city.
     
    Mongo, Sep 30, 2017
    #89
  10. Mongo

    Mongo Administrator

    Same reason I support nuking inheritance taxes. If you're inheriting something that was a pre tax investment then yeah, tax it. But taxing property or anything the dead person already paid tax on - screw that.
     
    Mongo, Sep 30, 2017
    #90
  11. Mongo

    Mongo Administrator

    If you weren't rich you couldn't afford to pay more than double my mortgage as rent. You couldn't afford to live where you do. Sorry but you're rich.
     
    Mongo, Sep 30, 2017
    #91
    badmoon692008 and Phl218 like this.
  12. dsapsis

    dsapsis El Jefe de los Monos

    My sister-in-law lives in SF. She makes about $35k/year. Her studio is ~1200/mo. Quite simply a baller, for sure.
     
    dsapsis, Sep 30, 2017
    #92
  13. Mongo

    Mongo Administrator

    How did I know you'd come up with an exception to prove the rule :D I'm sure there are plenty of non rich people there. But the middle level of incomes in SF are absolutely not the middle class.
     
    Mongo, Sep 30, 2017
    #93
  14. dsapsis

    dsapsis El Jefe de los Monos

    Well...that's not what you said.

    That only works when it's an exception.
     
    dsapsis, Sep 30, 2017
    #94
  15. Mongo

    Mongo Administrator

    Exaggeration makes me laugh ;)

    BTW that map is cool. Lots of lower income areas like parks and cemeteries :D
     
    Mongo, Sep 30, 2017
    #95
  16. dsapsis

    dsapsis El Jefe de los Monos

    Hundreds of thousands of middle class people living in SF, and anyone could see it, even from a park.
     
    dsapsis, Sep 30, 2017
    #96
  17. auminer

    auminer Renaissance Redneck

    Perspective doesn't redefine a language. Words mean things. $75K annual is by no means rich in these United States.
     
    auminer, Sep 30, 2017
    #97
  18. Mongo

    Mongo Administrator

    Wish I could see 75k being middle class but to me it's rich. I'd love to have double my income.
     
    Mongo, Sep 30, 2017
    #98
  19. pickled egg

    pickled egg Tell me more

    You'd just piss it away on Yuengling and Skyline. :moon:
     
    pickled egg, Sep 30, 2017
    #99
  20. Mongo

    Mongo Administrator

    No way! Well, maybe after I buy a surplus hummer... :D
     
    Mongo, Sep 30, 2017
    #100
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