|
lavaca posted:The tax brackets differ based on your filing status and aren't always consistent. Marriage is a really good deal if one person earns a lot and the other earns a little but can be a bad deal if both partners earn about the same amount of money. In addition, both partners are required to choose the same deduction method. That can really hurt if one person would benefit from itemizing while the other would not. This is exactly the case I'm getting into. We both make good money (between 70-80k salary), but I have a bunch of allowances because I deduct ~12k every year in mortgage interest, etc. She has to take the standard deduction. Wouldn't Married Filing Single fix something like that?
|
#
?
Jan 28, 2014 18:23
|
|
|
|
| # ? May 15, 2024 14:17 |
|
|
A lot of deductions aren't allowed if you file separately.
|
|
#
?
Jan 28, 2014 18:31
|
|
|
ninjahedgehog posted:(might require archives) Was it Zaurg or Cornholio that posted the picture of his rotting foot under an alt? I am OK posted:All of this post is wrong as hell.
|
|
#
?
Jan 28, 2014 18:45
|
|
|
Delta-Wye posted:Was it Zaurg or Cornholio that posted the picture of his rotting foot under an alt? Hope this helps.
|
|
#
?
Jan 28, 2014 18:50
|
|
|
Delta-Wye posted:Care the elaborate? I was going to post some statistics I found to back up his assertion but this is a derail. Let's stop talking about whether people who live at home are losers who will never amount to anything or whether people who move out and tackle their own finances in their early 20s are stupid sheeple.
|
|
#
?
Jan 28, 2014 18:58
|
|
|
kissekatt posted:Zaurg, including self-surgery with a steak knife. Oh man, I read the reactions to this, but all of the image links are dead. Uh, nobody happened to save pictures of it, did they? Or is this one of those things where I'm better off just imagining it?
|
|
#
?
Jan 28, 2014 19:24
|
|
|
kissekatt posted:Zaurg, including self-surgery with a steak knife. Cornholio just took giant shits that his father used to cut up with the family's butter knife. I'm noticing a trend that people who are "bad with money" are also really "bad at life" in general.
|
|
#
?
Jan 28, 2014 19:39
|
|
|
MrKatharsis posted:Totally late to the game here, but are these asian guys? You very closely described a few people I know (live at home, can't get a second date, desperately conflicted by "sweet freedom/no risks"). Some of them. The ones who had to be home for dinner tended to be Indian, but the vast majority of the failure-to-launch crowd were white of the Anglo and Jewish varieties. As for saving money in the bay, it is totally possible. They clearly liked my standard of living enough to want to move right in to it, and my monthly income is less than a quarter of theirs on average. God bless grad school and non profit jobs. It means living outside the money sectors and commuting, though (I live in the east bay and plenty of them preferred to live and mom and dad's in the South Bay, despite the commute to SF being comparable)
|
|
#
?
Jan 28, 2014 20:03
|
|
|
WampaLord posted:The NFL actually hold finance education classes for rookies coming into the league to tell them not to blow their giant Yes, they do hold these classes. They also provide them with a pamphlet filled with "NFL Approved" financial advisors. How do you get "NFL Approved" you ask? Why, just pay them a bunch of money. Who cares if you're accredited or have any actual financial planning skills? The biggest problem is that many of these kids have never held a job in their lives (play football or work?). They've never seen a paycheck, paystub, or a bill. Watch the 30 for 30 episode "Broke". Some guys figured out/realized that making your agent your one stop shop for investments and bill paying was a really bad idea. Bernie Kosar learned the hard way that his dad really was a dick and to never let family handle your money. The NFL financial classes should be "Don't loving let your family handle your money. Your agent is not your best friend. And that huge crowd of people who are suddenly your 'posse'? NOT YOUR FRIENDS!"
|
|
#
?
Jan 28, 2014 22:44
|
|
bonuses and be penniless, but you give young men tons of 
and not even the best adviser in the world could control their spending.
|
ninjahedgehog posted:Oh man, I read the reactions to this, but all of the image links are dead. Uh, nobody happened to save pictures of it, did they? Or is this one of those things where I'm better off just imagining it? It looked like a cauliflower was growing out of his foot. I don't know how he walked with that thing.
|
|
#
?
Jan 28, 2014 23:33
|
|
|
It's tax season, so I'm sure we've all got stories related to that one. A coworker mentioned that he planned to buy his wife a used, $~15K car with his tax return. He was the only one who worked and they had two kids. I should mention that this was a 6-figure job and in a field where he definitely understood the finer points of personal income tax. "Dude, I think it might be time to adjust your withholding if you're looking at a $15,000 tax return." "Yeah, I mean, I understand how all that works and I know it's an interest-free loan and all that, but it helps me budget to have a big check in February." I mean, I'm not going to quibble over a few hundred dollars either way. I'm not trying to get to $0 at tax return time, although I do come pretty close. But to leave over a thousand a month out of my check as the sole earner? And he's far from the only person I've met who does this, but he's the only one I've known who does it on that scale. Disclaimer: yes, I know that at today's interest rates, it's a pretty miniscule amount that he would lose out on. On the flipside, if he were throwing it into an investment of some sort (which he had in previous years when not buying a car), he's losing out on dollar cost averaging by making one large investment in February as opposed to a 1/12 investments during the entire year.
|
|
#
?
Jan 28, 2014 23:53
|
|
|
Yeah if he put that in SPY he'd have had a couple thousand extra to play with.
|
|
#
?
Jan 28, 2014 23:59
|
|
|
Dragyn posted:This is exactly the case I'm getting into. When Married Filing Separately, if one person itemizes, both people have to. That's why there's a box on Schedule A that says "If you elect to itemize deductions even though they are less than your standard deduction, check here".
|
|
#
?
Jan 29, 2014 00:10
|
|
|
Jeffrey posted:My first association with amusement parks will forever be that SA frontpage article about the fat guy dual wielding turkey legs. Definitely worth a read... http://www.somethingawful.com/comedy-goldmine/amusement-park-failures/1/
|
|
#
?
Jan 30, 2014 20:24
|
|
|
Tigntink posted:Oh goodness. I drive a new RX450H and wear a leather coat and shop at the thrift store. I love finding vintage dresses and high end jeans in still good shape. Shopping at the thrift store is fun, fool. Finding sweet threads is fun. Yeah, I aside from the obvious savings, I really like the element of surprise that comes with shopping at secondhand stores. I'm lucky that my girlfriend is the same way; I took her out to a nearby secondhand shop for the first time this weekend and we had a blast  I own a 20 year old dirtbike as my only vehicle though, so I don't really have much of a dichotomy going on, unless you know a bit about camera gear. Everyone's got their priorities. I picked the thrifting habit up from my dad; he bought all of his non-work clothes (and I suspect, even some of the stuff he wore to meetings and stuff) at thrift stores and would take me along when I was a kid. He worked a white collar sales job that was enough to support my whole family comfortably (and save a shitload for retirement, apparently). My sister takes after him even more: she's been driving the same '96 Accord she bought in high school with several years of saved-up babysitting money (seriously, I think she started when she was like 12) and is now 27. Even my dad asked her if she was going to buy something newer when she got a real job out of college, and she said she was just going to drive it until it blew up/wasn't economical to fix. Trilineatus posted:They clearly liked my standard of living enough to want to move right in to it, and my monthly income is less than a quarter of theirs on average. I don't think that's an unreasonable quibble about dating someone to have.
|
|
#
?
Jan 31, 2014 05:49
|
|
|
My brother just called asking me to float him rent until payday. The brother that used to live with me until I kicked him out because he was 6 months behind on the rent. The brother who hasn't refunded a single family loan in three years.
|
|
#
?
Feb 1, 2014 01:54
|
|
|
FrozenVent posted:My brother just called asking me to float him rent until payday. Did you say yes or no?
|
|
#
?
Feb 1, 2014 02:30
|
|
|
OneWhoKnows posted:Did you say yes or no? I told him to swing by my place (we live in the same building) when he was done drinking at whatever place he's at. I'm probably going to have to swing him some money, because family and all that. Our parents are retired so I'd rather he didn't go to them. I don't need this at tax time, but then work just hosed me over on my vacation so I'm going to be saving some money there  (To preempt the e/n, I know I could turn him down but I don't want to, and I'm going to require him to write a drat budget down before I loan him poo poo)
|
|
#
?
Feb 1, 2014 02:51
|
|
|
FrozenVent posted:I told him to swing by my place (we live in the same building) when he was done drinking at whatever place he's at. So he can afford to go out drinking but not pay his rent?
|
|
#
?
Feb 1, 2014 02:57
|
|
|
Xenocides posted:So he can afford to go out drinking but not pay his rent? Hence why my assertion that he's bad with money.
|
|
#
?
Feb 1, 2014 03:02
|
|
|
You'll never see that money again. Edit: You're bad with money by giving him money.
|
|
#
?
Feb 1, 2014 03:04
|
|
|
It sounds like the situation is "FrozenVent gives his brother money, or else brother gets the money from retired parents." Neither of which is ideal, but it's understandable that Vent doesn't want his parents taking the burden. (The best idea would be a unified front against giving the brother money, but it's hard to say how his parents would react. FrozenVent should definitely talk about it with them if he hasn't before & this is a recurring problem, though.)
|
|
#
?
Feb 1, 2014 04:08
|
|
|
This also gives him the chance to ram budgeting down his brother's throat. It won't be effective but it could be.
|
|
#
?
Feb 1, 2014 04:18
|
|
|
Rofl I want to live in the fantasy land where you guys live. His brother isn't going to learn poo poo. The only thing that will cause this man to change his ways will probably be the death of his parents or FrozenVent, or maybe he'll be one of those people who starts a family and grows the hell up. I can GUARANTEE that this loan will not be leverage for anything. Ever.
BonerGhost fucked around with this message at 06:58 on Feb 1, 2014 |
|
#
?
Feb 1, 2014 06:53
|
|
|
HelloIAmYourHeart posted:You'll never see that money again. Sometimes being responsible costs money 
|
|
#
?
Feb 1, 2014 07:38
|
|
|
If someone asks for money just lie and tell them you don't have any spare cash because things are rough now blah blah.
|
|
#
?
Feb 1, 2014 08:18
|
|
|
Delta-Wye posted:Sometimes being responsible costs money When you're the responsible adult - you do the right thing. Alot of times it's bullshit because others will continue to act like children. (I was agreeing with you if that wasn't clear)
|
|
#
?
Feb 1, 2014 14:30
|
|
|
FrozenVent posted:I told him to swing by my place (we live in the same building) when he was done drinking at whatever place he's at. Why can't you just tell him you don't have any money? And ask him about the money he already owes you? Just because someone is family doesn't mean you have to give them money whenever they ask. Are you afraid he will be mad at you if you don't? If that's the case then he's a lovely person (family or not) and you shouldn't be supporting him anyway. You are terrible with money.
|
|
#
?
Feb 1, 2014 16:41
|
|
|
razz posted:You are terrible with money. And you are a dick. I would give my brother cash so he doesn't go cry to my retired parents who are on a limited budget for money. I know they would give him money and then just turn the heat down to 50 for a few months to stretch the oil longer and eat baloney sandwiches for a month to stretch the food budget. I wouldn't want my parents to have to live like that.
|
|
#
?
Feb 1, 2014 17:38
|
|
|
Spermy Smurf posted:And you are a dick. Sounds like you and Frozen both need to talk to your parents, sack up and lay down the law to your loser brothers. There's a difference between floating money to a sibling who's poo poo with budgeting but will eventually pay you back, and giving money to an addicted or manipulative sibling who has no intention of ever paying you back. In the latter case you're simply a mark to the dickbag sibling. Same thing goes for parents, aunts, uncles, friends. Just because they are "family" doesn't mean you should let them take advantage of you. And you're not noble for letting it happen either.
|
|
#
?
Feb 1, 2014 18:11
|
|
|
Spermy Smurf posted:And you are a dick. You had to kick him out of your place because he didn't pay rent for 6 months. He hasn't paid anyone back any money he had borrowed in 2 years. He is currently at the bar drinking and waiting for you to give him money. ...and you're going to loan him money only if he "makes a budget". Haha. Good luck, I bet he'll change this time around, everyone giving him money all the time will definitely motivate him to be a responsible adult! Just keep giving him money, one day your good deeds will be rewarded.
|
|
#
?
Feb 1, 2014 18:43
|
|
|
Spermy Smurf and FrozenVent are two different people... right?
|
|
#
?
Feb 1, 2014 18:47
|
|
|
Oh haha, yeah I guess so, didn't notice that. Two people who are bad with money in the same thread defending each other??? Crazy.
|
|
#
?
Feb 1, 2014 18:51
|
|
|
You're dealing honourably with a difficult situation Spermy Smurf. People in this thread are bitter Calvinists who think the only problem with the world is that there isn't enough cruelty and suffering. Just ignore them. edit: I meant FrozenVent. Persona non grata fucked around with this message at 19:35 on Feb 1, 2014 |
|
#
?
Feb 1, 2014 18:58
|
|
|
Persona non grata posted:Your dealing honourably with a difficult situation Spermy Smurf. People in this thread are bitter Calvinists who think the only problem with the world is that there isn't enough cruelty and suffering. Just ignore them. It's true he's doing The Right Thing in matters of family. When it's going to someone that has a track record of being a lovely person when it comes to borrowing money, though, can you really blame everyone for reacting the way they are? I can see that family has a blind spot in this case as I just "loaned" (gifted) $1k to my mom due to some messy financial issues (parents bad with money, divorce unsettled while retirement accounts are frozen, etc). Does this make me bad with money? Maybe in this case, but it didn't hurt me at all as I have a fairly hefty amount in my savings to cover this. Though, I also had to have the painful conversation of "I can't be your bank, I love you but this is a one time thing". That made me feel super lovely for awhile as I felt in some way obligated to as she raised me and funded my upbringing. It goes to show how difficult these matters are when it comes to family.
|
|
#
?
Feb 1, 2014 19:06
|
|
|
In The Wire, when the ex-cop teacher gives the kid who has started doing drugs 300 bucks to either go sign up for his GED or buy more dope, was the teacher being bad with money?
|
|
#
?
Feb 1, 2014 19:16
|
|
|
tuyop posted:In The Wire, when the ex-cop teacher gives the kid who has started doing drugs 300 bucks to either go sign up for his GED or buy more dope, was the teacher being bad with money? If the teacher had given the kid money repeatedly in the past and the kid bought dope with the money every time then yes.
|
|
#
?
Feb 1, 2014 19:20
|
|
|
razz posted:If the teacher had given the kid money repeatedly in the past and the kid bought dope with the money every time then yes. It was the first time and he said it would be the last if the kid didn't use it for school.
|
|
#
?
Feb 1, 2014 19:25
|
|
|
FrozenVent posted:Hence why my assertion that he's bad with money. Therefor, he deserves everything terrible that will happen to him, and you shouldn't stand in the way of the divinely guided suffering coming his way. You're not even allowed to feel bad for him because he made bad choices, and people who make bad choices aren't worthy of empathy. The sinner must repent.
|
|
#
?
Feb 1, 2014 19:50
|
|
|
|
| # ? May 15, 2024 14:17 |
|
|
Persona non grata posted:Therefor, he deserves everything terrible that will happen to him, and you shouldn't stand in the way of the divinely guided suffering coming his way. You're not even allowed to feel bad for him because he made bad choices, and people who make bad choices aren't worthy of empathy. The sinner must repent.
|
|
#
?
Feb 1, 2014 20:02
|
|