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Konstantin posted:You should read the income tax thread. In the very first post, it says: Someone get entris or 10-8 or that second IRS guy in here!
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Oct 10, 2011 23:15
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The IRS calls MFS "married filing stupid" for a reason. Nevertheless, when I've crunched my own personal numbers, it's still better to do it than to add in the additional income for IBR. What is lost from MFS isn't really worth the extra student loan amount each month. Basically, get your wife pregnant and have her quit her job so her income is $0. Yes, IBR is to blame for putting women back in to traditional gender roles.
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Oct 10, 2011 23:55
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Tetrix posted:The IRS calls MFS "married filing stupid" for a reason. Nevertheless, when I've crunched my own personal numbers, it's still better to do it than to add in the additional income for IBR. What is lost from MFS isn't really worth the extra student loan amount each month. But that means that the wife's loans won't be forgiven in ten years! It should be whoever makes less money who quits to raise the kid anyway, why does it has to be the wife? Edit: Realized you might just be talking about in general. Still, wife doesn't have to be the one to quit, right? MoFauxHawk fucked around with this message at 00:23 on Oct 11, 2011 |
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Oct 11, 2011 00:15
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MoFauxHawk posted:But that means that the wife's loans won't be forgiven in ten years! It should be whoever makes less money who quits to raise the kid anyway, why does it has to be the wife? Men get squeamish around baby poop. Well at least I do
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Oct 11, 2011 00:32
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MoFauxHawk posted:But that means that the wife's loans won't be forgiven in ten years! It should be whoever makes less money who quits to raise the kid anyway, why does it has to be the wife? She's not in law school, and her loans are private (oops!!). More importantly, after I graduate, there will be nary a human who can touch my earning potential with my new JURIS DOCTOR degree. Sure, I'll only start out at 160k, but once I make it rain I should be a partner in 2 or 3 years. Either that or I can use my JD to venture in other areas. The law school education is a training in problem solving, and corporate boards love the fact that JDs can analyze problems from a legal perspective. ...yeah, you're probably right, she'll be supporting me.
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Oct 11, 2011 01:27
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Sorry, was talking about blar's problem, didn't realize you were talking about your own situation, my fault.
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Oct 11, 2011 01:32
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Konstantin posted:To be honest, if you are worried about the tax implications of marriage I'd suggest speaking to a fixed.
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Oct 11, 2011 02:31
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Ok, so they now have University of Phoenix style ads for a local unaccredited law school. It makes me sick. This thing: http://www.humphreys.edu/index.php?option=com_content&view=article&id=17&Itemid=47 You think TTT's are bad. --- New topic. How easily can a US attorney (admitted MN and CA) get into Canada and practice? Apparently I might be a Canadian citizen (as my mother was born in Canada and is a Canadian citizen and that is enough, apparently), and I'm told you guys have things like an economy and health care. nm fucked around with this message at 06:11 on Oct 11, 2011 |
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Oct 11, 2011 02:55
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Adar posted:It's tied with every other one for that ranking, though, so you're good. Sorry, I know this is a little old, but I've been away. I have a coworker who interviewed for a few summer positions down at UIUC not too long ago. Apparently the students repeatedly got tripped up by standard interview things that, when I went to UIUC, they at least mentioned in mandatory career services presentations. For example, tailoring your cover letter to the employer in question. Or admitting that you were only interested in a paid summer position with the employer, not coming back full time. So it's possible UIUC now is actually as bad at career services as they apparently are at fraud.
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Oct 11, 2011 06:55
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nm posted:New topic. How easily can a US attorney (admitted MN and CA) get into Canada and practice? I will knife fight you for this. I'm Alaskan, I deserve to be Canadian goddamnit.
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Oct 11, 2011 07:36
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nm posted:New topic. How easily can a US attorney (admitted MN and CA) get into Canada and practice? tl;dr: not impossible, not necessarily easy, likely not cheap. Also the only good thing about the Canadian legal job market (well, outside Alberta) is that it's better than yours, so, yaknow, keep that in mind. The process depends on the province you want to practice in, but generally (unless you're aiming for Quebec, they do everything different there) you'll have to: a) get a qualification certificate from the National Committee on Accreditations (which can involve either passing challenge exams, individual courses at a Canadian school, or a full Canadian degree program - for an American it'd likely be the second at worst but the NCA will decide based on the info you submit about your education and experience). The assessment alone costs about $400, each exam costs a similar amount (though it's probably still cheaper than international tuition for the equivalent course at a Canadian school). b) use that to get admitted to a provincial bar (pass the exams, complete an articling term (usually ten months, though some law societies will occasionally waive part of it for previous experience), and whatever other requirements your particular province has). In Ontario this part will cost you about $2500 or so, I can't speak for anywhere else. This program at uToronto may also help you with step a). Also, this page from Ontario lays out the process step by step - it will be broadly similar in most other provinces. Dallan Invictus fucked around with this message at 08:41 on Oct 11, 2011 |
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Oct 11, 2011 08:09
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Weird sense of deja vu this weekend as I vomited into the dumpster behind my old law school. Ahh, those were the days.
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Oct 11, 2011 11:20
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MoFauxHawk posted:Sorry, was talking about blar's problem, didn't realize you were talking about your own situation, my fault. We are both doing the 10 year public service forgiveness and she has a better government job than I do. Neither of us are going to do stay at home until after 10 years because she gets insane (in America) time off for cranking out the children. My only concern is keeping our AGI as low as possible and saving for retirement.
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Oct 11, 2011 11:34
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Solomon Grundy posted:Weird sense of deja vu this weekend as I vomited into the dumpster behind my old law school. Ahh, those were the days. That's not deja vu, that's nostalgia.
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Oct 11, 2011 11:44
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No, it's dark irony, because thanks to the economy he now lives in that dumpster.
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Oct 11, 2011 12:45
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Saga posted:No, it's dark irony, because thanks to the economy he now lives in that dumpster. Not at all. I was vomiting because some bankers took me out and got me loaded because they think I am in the 1%. Ha. Fools! As for deja vu / nostalgia, I did specifically vomit in that dumpster previously, around 1997, so I think it is a toss-up.
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Oct 11, 2011 13:45
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Solomon Grundy posted:
 I just created a spreadsheet tracking my billables compared to the other associates in the department (everyone has access to everyone else's billables record), to make sure that I'm not falling too far behind. I can't decide if this is creepy or not.
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Oct 11, 2011 14:07
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Solomon Grundy posted:Not at all. I was vomiting because some bankers took me out and got me loaded because they think I am in the 1%. Ha. Fools! You household income is sub 250k? Man...where did you go wrong?
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Oct 11, 2011 15:35
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HiddenReplaced posted:You household income is sub 250k? Man...where did you go wrong?
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Oct 11, 2011 16:14
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entris posted:
In our office we compare billables willingly to make sure we stay together as a herd. When the pay is low and unlikely to rise there is greater incentive to limit the # of hours we do vs. trying to out bill everyone. I vote not creepy.
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Oct 11, 2011 16:23
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nm posted:Ok, so they now have University of Phoenix style ads for a local unaccredited law school. It makes me sick. Check out all these luminous credentials http://www.humphreys.edu/index.php?option=com_content&view=article&id=41%3Alawfaculty&catid=1&Itemid=47
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Oct 11, 2011 18:13
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Wow, so many of the Humphrey faculty... got their JD from Humphrey. My first thought was "oh gross" but then then I realized that Humphrey JD graduates are getting jobs, and in legal academia no less! edit: quote:Kristen Rinaker entris fucked around with this message at 18:38 on Oct 11, 2011 |
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Oct 11, 2011 18:36
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MaximumBob posted:Sorry, I know this is a little old, but I've been away. I have a coworker who interviewed for a few summer positions down at UIUC not too long ago. Apparently the students repeatedly got tripped up by standard interview things that, when I went to UIUC, they at least mentioned in mandatory career services presentations. For example, tailoring your cover letter to the employer in question. Or admitting that you were only interested in a paid summer position with the employer, not coming back full time. So it's possible UIUC now is actually as bad at career services as they apparently are at fraud. Haha. This is awesome. There is a particular aspie gunner who struck out at OCI even though he's top of the class and on law review. I really hope it's because he was telling employers that he had no intention of coming back after graduation.
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Oct 11, 2011 20:14
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Green Crayons posted:He must have settled for one of those government jobs. I hear that you only hit the 100K threshold but the benefits are pretty sweet plus you get to spend a little extra time at home. Get some time to work on that book. Nah - 13 years of small firm. I'd do better but only about half of the work I do is on my own clients. The rest is for my partners' clients, and they eat up most of the fees. I do have lots of flexibility - I have been in the office only about 8:30 to 4 since football season started, and last week I didn't come in at all because I had a sick kid. I still billed, mind you, but I did it from my back porch. So we are not quite in the 1%, but if my wife gets another promotion at her large faceless corporate entity, we'll be there soon.
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Oct 11, 2011 20:35
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Top 1% is more like 350,000 to 400,000 for a household.
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Oct 11, 2011 21:14
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entris posted:
Haha, that's a little bit ridiculous. I can't imagine anyone creating a spreadsheet of other people's hours at my firm.
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Oct 11, 2011 22:26
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MoFauxHawk posted:Top 1% is more like 350,000 to 400,000 for a household. "I'm MoFauxHawk, and I only post when I'm destroying someone's dreams."
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Oct 11, 2011 23:39
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entris posted:
It's natural. http://en.wikipedia.org/wiki/Shoaling_and_schooling
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Oct 11, 2011 23:46
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MoFauxHawk posted:Someone get entris or 10-8 or that second IRS guy in here!
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Oct 12, 2011 01:15
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entris posted:I just created a spreadsheet tracking my billables compared to the other associates in the department (everyone has access to everyone else's billables record), to make sure that I'm not falling too far behind. I can't decide if this is creepy or not. We just got the Juris software, so you can check everyone's summary to see where you are in relation to them. Even better, it is presented in color-coded form, so that less than 7.5 hours is brighter red as it gets lower, 7.5-8.0 is white, and 8.0 and up is darker green as it gets higher.
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Oct 12, 2011 03:25
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Former Everything posted:Even better, it is presented in color-coded form, so that less than 7.5 hours is brighter red as it gets lower, 7.5-8.0 is white, and 8.0 and up is darker green as it gets higher. Like I've always said, white is right.
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Oct 12, 2011 04:12
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Anyone else here on the DC lateral market? Looking for someone to gossip (cry) with.
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Oct 12, 2011 06:30
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entris posted:
Not if you like keeping your job.
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Oct 12, 2011 09:35
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Hahahaha you guys see this yet?quote:The last few years have been a boon for critics of legal education and the profession. Some of the criticism has been legitimate, but much of it has been uninformed. Law school is not a path to instant wealth — it never has been. But in terms of providing career and financial stability, few educational pursuits compare. And in an economy where workers are increasingly required to think, adapt and thrive in changing work environments, the flexible nature of legal training arguably makes it a better investment than it was 20 years ago. Don’t believe the hype. Law school is still worth it. This whole article is terrible and hilarious. Also, check out this page: http://www.nalp.org/salarycurve_classof2010
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Oct 12, 2011 14:30
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entris posted:Hahahaha you guys see this yet? Totally worth it!!!! entris posted:http://www.nalp.org/salarycurve_classof2010
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Oct 12, 2011 15:35
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Soothing Vapors posted:My favourite part of that article is where he tacitly concedes that you're going to be poor as poo poo coming out of law school, but it's okay because of IBR The best part about that is how NALP is mainly just a huge organization for biglaw, and some how biglaw still only accounts for 18% of the salaries reported. I wish there was a report that had EVERYONE in it, including all the unemployed/underemployed people.
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Oct 12, 2011 16:30
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Layoffs in November. Yay being a lawyer for the government! I'm going to vegas, I haven't had a vacation in a year.
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Oct 12, 2011 18:13
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MoFauxHawk posted:Top 1% is more like 350,000 to 400,000 for a household. It was closer to $1.1 million as of a few years back.
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Oct 12, 2011 23:21
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Jaytan posted:It was closer to $1.1 million as of a few years back. That's the average, not the boundary, which I think is what people were getting at.
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Oct 12, 2011 23:34
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I'd like to commemorate this momentous occasion with a moment of silence. My federal student loan debt has crossed the $200,000 threshold.Dept of Education posted:Outstanding Balance: $200,075.23
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Oct 13, 2011 01:20
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