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disheveled posted:Cute guesses, but I'll put an end to the game. It's much simpler: I'm a grad student, and all of my income is a stipend off an NIH predoctoral fellowship. If you have direct funding from the feds, then it ends up not counting as wages because it's for "training." I'm required to pay income taxes on it, but I do not receive a W-2, no tax is withheld, and it does not qualify as earned income. One consequence of that is that I can not contribute to an IRA. Anyway, I'm not sure who's bad with money in this situation, but someone definitely is. Probably the university, right?
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Sep 30, 2014 02:04
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Dik Hz posted:Anyway, I'm not sure who's bad with money in this situation, but someone definitely is. Probably the university, right? Nah, it's either NIH or IRS, I'm not sure which though.
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Sep 30, 2014 02:07
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Just gonna leave this one here: http://portland.craigslist.org/clc/cto/4681667214.html Note to self: do not take out a loan on an old s-class
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Sep 30, 2014 07:30
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Well they may not be flush but their car sure is!
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Sep 30, 2014 12:03
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slap me silly posted:Well they may not be flush but their car sure is! It would be properly badass if it wasn't broken as gently caress.
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Sep 30, 2014 16:42
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CountOfNowhere posted:Just gonna leave this one here: http://portland.craigslist.org/clc/cto/4681667214.html Isn't that the same or similar model that someone posted about earlier? The one where the guy bought it against advice and then documented years of repairs he completed ? What could have been a financial disaster turned out to be OK since he was an idiot savant with repairs.
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Sep 30, 2014 21:31
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HonorableTB posted:Does anyone ever actually report illegal income? I can't imagine your big name drug dealers putting down "Hmm, I think I made $10 million this year off of murder and drug trafficking" and sending it in to the IRS. I think sometimes people already under indictment will file just to stop the feds from piling more charges on.
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Sep 30, 2014 22:39
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JayKay posted:Isn't that the same or similar model that someone posted about earlier? The one where the guy bought it against advice and then documented years of repairs he completed ? Similar, this one on Craigslist is a bit older and significantly less baller - it's only a V8, not a twin turbo v12! The part that cracks me up was the guy that bought it on credit and now has to sell for way more than its worth to pay off the loan. Not to mention his estimate of $1500 for parts and labor seems hilariously low.
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Sep 30, 2014 22:46
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The resting on the wheels thing? Oh that's just this really cheap and simple fix. What? No, you won't have to pay my asking price once the car is yours to replace basically every suspension component, plus labor. I promise. I'm so trustworthy that there's already a lien on the car. Please give me your money
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Sep 30, 2014 23:06
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Blackjack2000 posted:
Assuming you are in the US here, how is this costing you anything in income taxes if you are actually reporting it on Schedule E? $1500 gross rents less $1350 PITI less depreciation of (($194,000/27.5)/12) of $588 a month nets you a $438 loss per month for tax purposes with no other related expenses included, or assuming 25% marginal tax rate annual tax savings of $1,314.
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Sep 30, 2014 23:07
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Cyrezar posted:Assuming you are in the US here, how is this costing you anything in income taxes if you are actually reporting it on Schedule E? I could be pedantic and point out that I can only depreciate the value of the structure(and not the land), which is some number less than 194,000/27.5, and also that I can't deduct the principal portion of PITI, but the truth is that I forgot that I was going to be deducting the structure this year, since I just shifted it from my residence to a rental. The upshot is that you're right, I'll be deducting more than the $1350 PITI, so it can't be a money loser. Still a bad deployment of capital, and I would propose, bad with money. Still a house worth $50k less than I paid for it. Makes me want to puke.
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Oct 1, 2014 02:38
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Australian's are bad with moneyquote:
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Oct 1, 2014 05:26
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quote:Applications for early release of superannuation on medical grounds must be approved by the Department of Human Services. quote:She subsequently dipped in again for a further $20,000 to cover a tummy tuck and breast implants
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Oct 1, 2014 05:38
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I don't know about the implants, but skin removal can actually be really medically necessary. That said, I'm pretty appalled that Australia is apparently like "go gently caress yourself, you're on your own" about it. I thought it was the land of magic free healthcare. In comparison, in the US, my insurance would cover it (except for a copay) if it were medically necessary.
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Oct 1, 2014 05:46
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i like nice words
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Cicero posted:Wait what? Their doctors, who clearly have no interest but the patient's at heart, recommended this treatment. Do you really want a random government worker with no medical training denying people medical treatments? I'm guessing all the denials had to do with improperly filling out a form or similar.
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Oct 1, 2014 05:47
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Oooh! I have one! A couple weeks ago I roll into work to find we're short. Someone is missing her shift because she's stuck in town X some 3 hours away. She is "stuck" there because she doesn't have the money for the gas to get back. So my supervisor covers her gas, but she can't get back in time for her next shift because she can't drive at night. Because her car doesn't have working tail lights. And she can't get pulled over because she doesn't have a driver's license (no she does not have insurance either duh). Today she had the day off to go see some stupid concert or some other retarded poo poo in town Y that is also about 3 hours out. No one knows how she got out there, since we don't get paid until this week and she drat sure doesn't have any money. Moral of the story: carry as much loving uninsured motorist auto coverage as you can buy. These assholes are everywhere.
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Oct 1, 2014 06:04
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NancyPants posted:she can't get back in time for her next shift because she can't drive at night. Because her car doesn't have working tail lights.  " Does she also ban herself from driving during rain and fog?*But she mysteriously can afford to attend a concert. This girl sounds like a giant pile of bad priorities.
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Oct 1, 2014 06:14
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Anne Whateley posted:I don't know about the implants, but skin removal can actually be really medically necessary. The Australian health system doesn't necessarily go "gently caress you you're on your own". If you don't want to wait you can go private and get care quicker, but I was able to see a dietician and exercise physiologist for free after getting a referral from my GP. I'm going to guess if she qualified for bariatric surgery she was looking at a wait of a few months/years and used her super to get the surgery privately.
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Oct 1, 2014 06:26
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Haifisch posted:What a brilliant strategy. "I can't afford* to fix this essential part of my car. I'll just commit to never, ever driving when lights are required. Technically her latest ex convict boyfriend probably got her out there and covered the stupid thing because her car is broken down right now but yes, obviously a mess in every way. She'll be out for a few days next week getting a hematoma in her arm fixed. Her junky, uninsured, illegally operated car that she bought had a broken shift linkage, so in order to shift it out of park so she could endanger the rest of us and not just herself, she had to get UNDER the vehicle. You can see where this is going. Clearly she didn't because the loving thing ran her over. The hematoma lingers from that incident several months ago. She and Medicaid are the sole providers for her two boys, so I guess if she fucks up bad enough hopefully the state makes sure her kids don't starve to death.
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Oct 1, 2014 06:33
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NancyPants posted:Moral of the story: carry as much loving uninsured motorist auto coverage as you can buy. These assholes are everywhere. Sometimes people want to have that nice, flashy car without the expenses they come along with. gently caress those people. CountOfNowhere posted:Similar, this one on Craigslist is a bit older and significantly less baller - it's only a V8, not a twin turbo v12! melon cat fucked around with this message at 07:37 on Oct 1, 2014 |
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Oct 1, 2014 07:28
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melon cat posted:Ain't that the truth. And they aren't always driving around beat-up crapboxes. I was rear-ended in a parking lot by a woman who drove a shiny, new Range Rover. Surprise! She didn't have insurance. I was also witness to a horrendous rear-ending, whereas a young guy driving a Mustang was showing off to some high schoolers he was driving past, but was unable to stop for slowing traffic in time. Big crash. The car he hit was written off. Again, Mr. Mustang had no insurance. $5000 fine for driving uninsured, and the people they crashed into must now sue for the money since they didn't have insurance. My wife was rear-ended by a guy in a Cadillac Escalade... no insurance. Not having insurance is bad with money and bad at life.
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Oct 1, 2014 08:12
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Anne Whateley posted:I don't know about the implants, but skin removal can actually be really medically necessary. If it was necessary to either increase her health or to dramatically increase her quality of life, it would have been covered under Medicare without question. 135kg is a bit under 300lb, it's big for sure, but without a height it's hard to say how bad it was. In saying all that health insurance here is like $15-20/week AUD, it's not hard to afford when you consider the minimum wage is $19/hour or so.
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Oct 1, 2014 08:49
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froglet posted:I'm going to guess if she qualified for bariatric surgery she was looking at a wait of a few months/years and used her super to get the surgery privately. quote:Wardrop had no health insurance and says she was quoted around $10,000 to have her surgery through the public hospital system or $20,000 in a private facility. Rudager posted:If it was necessary to either increase her health or to dramatically increase her quality of life, it would have been covered under Medicare without question. quote:The procedures do not attract a Medicare rebate. . . .
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Oct 1, 2014 12:39
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Anne Whateley posted:I don't know about the implants, but skin removal can actually be really medically necessary. When I was looking on the exchanges, most plans had a bariatric surgery exclusion, and the ones without it were extremely expensive.
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Oct 1, 2014 12:59
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RandomBlue posted:My wife was rear-ended by a guy in a Cadillac Escalade... no insurance. Not having insurance is bad with money and bad at life. melon cat fucked around with this message at 21:06 on Oct 1, 2014 |
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Oct 1, 2014 20:48
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Because you don't have to have a driver's license to start the vehicle. E: they don't care, basically. So they get hit with a fine. If they don't pay the fine, what happens? License revocation, a warrant for arrest? If they can dodge the repo man, they can probably dodge a warrant for awhile.
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Oct 1, 2014 21:31
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http://www.reddit.com/r/personalfinance/comments/2i1zea/finances_versus_passion/quote:My parents thought they made too much money for me to get federal aid for college, so I received my Bachelor's of Science in Media Arts & Animation from the Art Institute on mostly private loans. After I turned 24 I was able to receive federal aid. I tried making payments, but every time I did the principles went UP, not down, and thus I became depressed and stopped making payments. Instead, I went back to school hoping to earn my Master's degree, and prolong payments. I have an assortment of private loans ($36,439.15 @7.25%, $26,032.85 @10.25%, $29,214.42 @8.25%, $34,243.09 @8.25%, and $56,550.97 @10.25% totaling to $182,480.48) and federal (7 amounting to $86,165.90). I am $278,167.35 in debt to student loans as of today  278k in debt for an art degree, and she's not even done with the master's, and she wants to drop out.
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Oct 2, 2014 07:09
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unlike a lot of people asking for financial advice, her problem seems rather easy to solve in that leaving the country is probably the only at all reasonable choice unless her parents are actually wealthy and will just pay it
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Oct 2, 2014 07:19
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it's pretty funny that america's solution to "hey some college grads are declaring bankruptcy on their student loans!!" was to make it undischargeable instead of giving out fewer loans, good job americailures
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Oct 2, 2014 07:22
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Jeffrey posted:unlike a lot of people asking for financial advice, her problem seems rather easy to solve in that leaving the country is probably the only at all reasonable choice
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Oct 2, 2014 07:26
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Cicero posted:I'm curious, if you actually do that, obviously you can't come back to live, but you can still visit the country, right? I'm certainly not well researched on the matter. If they can somehow nail you for fraud or failure to appear or something then you couldn't, short of that I don't know. I just don't see her getting a job that will ever let her keep up with nearly 30k/year worth of post-tax interest payments, let alone the principal.
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Oct 2, 2014 07:38
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Suicide and fleeing the country seem like her only options. God drat. Art schools should be illegal. I wonder how many kids who go to them to "follow their dreams" will be working poo poo jobs until they die.
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Oct 2, 2014 13:42
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"Flee the country" option proponents: do show me all of those developed countries that welcome penniless foreigners with no employable skills with open arms 
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Oct 2, 2014 14:05
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Nail Rat posted:Suicide and fleeing the country seem like her only options. God drat. Art schools should be illegal. I wonder how many kids who go to them to "follow their dreams" will be working poo poo jobs until they die. Personally, I would go with "professional student" if I were her. Just keep on taking out those loans until I died, leaving a balance in the tens of millions that they can try to recover from my stack of ramen noodles.
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Oct 2, 2014 14:05
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Pompous Rhombus posted:"Flee the country" option proponents: do show me all of those developed countries that welcome penniless foreigners with no employable skills with open arms Pompous, you of all people should know what her first option would be.
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Oct 2, 2014 14:11
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Nail Rat posted:Suicide and fleeing the country seem like her only options. God drat. Art schools should be illegal. I wonder how many kids who go to them to "follow their dreams" will be working poo poo jobs until they die. I live/work right next to one of the most prestigious art schools in the US. Tuition alone is $43k/year, in one of the cheaper cities on the east coast. A lot of people that go there are either the progeny of plutocrats, or naive kids, as you say, "following their dreams." A lot of the bars and restaurants in the area are staffed by grads. It's a little sad to see.
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Oct 2, 2014 14:13
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Not a Children posted:I live/work right next to one of the most prestigious art schools in the US. Tuition alone is $43k/year, in one of the cheaper cities on the east coast. A lot of people that go there are either the progeny of plutocrats, or naive kids, as you say, "following their dreams." A lot of the bars and restaurants in the area are staffed by grads. It's a little sad to see. It shouldn't have to be that way though. I think there's much greater demand for visual content now than at any point in the recent past. Well developed visual artists, with the right skills, should be at least as marketable as web developers.
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Oct 2, 2014 14:19
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Folly posted:It shouldn't have to be that way though. I think there's much greater demand for visual content now than at any point in the recent past. Well developed visual artists, with the right skills, should be at least as marketable as web developers. Or you can pay a studio in Korea literally pennies on the dollar to do the same or better work. See Nickelodeon
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Oct 2, 2014 14:28
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Pompous Rhombus posted:"Flee the country" option proponents: do show me all of those developed countries that welcome penniless foreigners with no employable skills with open arms Obviously the US. Too bad they didn't go to art school in South America.
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Oct 2, 2014 14:37
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quote:"Flee the country" option proponents: do show me all of those developed countries that welcome penniless foreigners with no employable skills with open arms Suicide it is then! Folly posted:It shouldn't have to be that way though. I think there's much greater demand for visual content now than at any point in the recent past. Well developed visual artists, with the right skills, should be at least as marketable as web developers. Graphic designers etc. are highly employable if they're good(though not at the salary level of STEM jobs), but with the stagnation/regression of middle class wages and minimum wages, people are just not going to be buying your paintings, sketches and sculptures. Yeah rich people can/will but there's not enough of them to keep every wide-eyed art kid with blue hair fed. Nail Rat fucked around with this message at 14:47 on Oct 2, 2014 |
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Oct 2, 2014 14:41
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