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I just came across this cute "baby's first taxable paycheck" post on reddit/r/personalfinance posted:So I am working for money for the first time. I work for a union and the pay isn't bad for my age. Some of his follow-on comments are great, too: quote:I get 14.75 hourly. quote:Oh my god. Maybe this isn't strictly "bad with money" as it is just utter naivety, but this seemed like the best place to post it.
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Apr 28, 2016 00:10
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| # ? Jun 4, 2024 11:35 |
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Guinness posted:I just came across this cute "baby's first taxable paycheck" post on reddit d'awwwwwwwwwwwww how cute I remember being in the same boat, once.
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Apr 28, 2016 00:20
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Observe the birth of a libertarian.
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Apr 28, 2016 00:21
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$15 for union dues is pretty cheap, I've seen dues that are $50 a paycheck.
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Apr 28, 2016 00:35
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"I didn't know there was federal tax," as if the state governments just pool their money together and use it to maintain the federal government. Even better is this helpful comment by BitcoinPatriot , who doesn't seem to understand that government services cost money: quote:Welcome to the REAL world!!
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Apr 28, 2016 00:40
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cowofwar posted:Observe the birth of a libertarian. Is a man not entitled to the sweat of his brow?  We still pay, on average, some of the lowest taxes among developed countries. Granted, we get less in return, too... But everyone in this thread already knows that. A couple weeks back when I filed my 2015 taxes after all was said and done my effective federal tax rate was only 17%, despite being in the 28% marginal bracket. And that's with just the ordinary standard deduction, no fancy tricks. I would pay at least double that anywhere else in the western developed world. gently caress, I'd gladly pay double my current federal tax rate for no one in this country to ever see another hospital bill ever again.
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Apr 28, 2016 00:40
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That's mostly not that true from what I know (and places I have lived), at least outside of the Scandinavian countries and parts of france individual taxes are often comparable to the US once fed+state are added in. Plus yknow, healthcare is free/mostly free. I think you guys just spend it all on carriers and jets and poo poo.
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Apr 28, 2016 01:07
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Saros posted:That's mostly not that true from what I know (and places I have lived), at least outside of the Scandinavian countries and parts of france individual taxes are often comparable to the US once fed+state are added in. Plus yknow, healthcare is free/mostly free. Income tax doesn't tell the whole story; most European countries have exorbitant payroll taxes on the employer side (more than 25% in France for instance) which of course drive wages down substantially. Discussing income tax also does not account for the universal VAT and other very expensive taxes on necessities such as gasoline which are generally far higher in Europe than in the United States.
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Apr 28, 2016 01:44
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Yond Cassius posted:On a much bigger and more entertaining scale than cable-chat, a guy at my office has been trying to get someone to take over the lease on his one-year-old BMW M5. BMW usually means BWM, the bigger the more so, and my coworkers have been trying to figure out how he got into this situation. How the hell do people manage to get into this poo poo? It's not like this is the sort of thing that happens a little at a time, and drowns you while you're not even noticing. There are plenty of financial mistakes I understand, but I will never understand this one. I have no bills other than rent, utilities, and auto insurance. I could fade a $500 or $600 car payment without stressing any. If I were to maintain my current lifestyle, I could pay that dude's $1,200 car payment, but the very idea bums me the gently caress out. Having four, or five, or six years of putting a big, monthly chunk of money into an asset that is worth less every time I write the check, sounds miserable and stressful. I cannot see spending $1,200 per month on anything that doesn't have a roof, wings, or a pussy. I mean, it's one thing if $1,200 is 4% of your monthly income, but it doesn't sound like that's what we're dealing with, here.
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Apr 28, 2016 01:44
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Centripetal Horse posted:If I were to maintain my current lifestyle, I could pay that dude's $1,200 car payment, but the very idea bums me the gently caress out. Having four, or five, or six years of putting a big, monthly chunk of money into an asset that is worth less every time I write the check, sounds miserable and stressful. I cannot see spending $1,200 per month on anything that doesn't have a roof, wings, or a pussy. I mean, it's one thing if $1,200 is 4% of your monthly income, but it doesn't sound like that's what we're dealing with, here. You wouldn't even be paying for the asset, as such - it's a lease. He doesn't get to keep the car at the end. We checked the pay band for his job family and depending on his 401k withholding (who are we kidding?) and his exact situation we're talking about probably 20-25% of his take-home, not counting gas or insurance. And, clearly, he's finding it stressful too - he's trying to get out, isn't he? We've got nothing.
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Apr 28, 2016 02:03
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How does someone not know that federal taxes exist  Did he think April 15 was just like National Fun Everyone Talks About Taxes Today Day?
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Apr 28, 2016 02:20
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Parallel Paraplegic posted:How does someone not know that federal taxes exist He is 18 and this is is first job. It is a job where he gets paid $15/hour to serve a dish and he can leave whenever. He's working at his family's business or a family friend's business and is a sheltered dweeb.
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Apr 28, 2016 02:37
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He thinks he's working for the union, too, so probably not the sharpest crayon there is.
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Apr 28, 2016 02:53
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Haifisch posted:"I didn't know there was federal tax," as if the state governments just pool their money together and use it to maintain the federal government. If you showed me that comment and asked me to guess the username of the person who wrote it, "BitcoinPatriot" might not be my first guess, but it or something similar would definitely be in my top 10.
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Apr 28, 2016 02:58
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pig slut lisa posted:If you showed me that comment and asked me to guess the username of the person who wrote it, "BitcoinPatriot" might not be my first guess, but it or something similar would definitely be in my top 10. If you also told me it came from Reddit then yes, something very close to "BitcoinPatriot" would be my first guess 
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Apr 28, 2016 03:05
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BEHOLD: MY CAPE posted:Income tax doesn't tell the whole story; most European countries have exorbitant payroll taxes on the employer side (more than 25% in France for instance) which of course drive wages down substantially. Discussing income tax also does not account for the universal VAT and other very expensive taxes on necessities such as gasoline which are generally far higher in Europe than in the United States. Petrol's only a necessity if your country isn't baller enough to have decent public transport  In before "b-but American exceptionalism!": you can send dudes to the moon, but public transport is beyond you? vvvvvv I lolled. Weatherman fucked around with this message at 05:54 on Apr 28, 2016 |
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Apr 28, 2016 04:48
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Weatherman posted:Petrol's only a necessity if your country isn't baller enough to have decent public transport Public transport is communism, and the Moon landing proved that they're better than communism.
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Apr 28, 2016 05:37
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Weatherman posted:Petrol's only a necessity if your country isn't baller enough to have decent public transport Our public transit system went to the Moon 
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Apr 28, 2016 05:50
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Nam Taf posted:Zaurg, you know what you must do done
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Apr 28, 2016 05:54
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zaurg posted:done gently caress off zaurg
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Apr 28, 2016 05:54
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Weatherman posted:gently caress off zaurg gently caress you. I post here once every two years. You gently caress off.
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Apr 28, 2016 05:58
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zaurg posted:gently caress you. I post here once every two years. You gently caress off. You shitpost here to draw angry attention and then feast on said attention, you mean. Or: Make me
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Apr 28, 2016 06:00
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Weatherman posted:You shitpost here to draw angry attention and then feast on said attention, you mean. Good of you to fill the trough.
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Apr 28, 2016 06:06
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Yond Cassius posted:We checked the pay band for his job family and depending on his 401k withholding (who are we kidding?) and his exact situation we're talking about probably 20-25% of his take-home, not counting gas or insurance. And, clearly, he's finding it stressful too - he's trying to get out, isn't he? Sure, he's stressed, now, but how in the world did he get all the way to the point where he's driving off in the car without having heart palpitations? I feel actual weight when I think of taking on a burden like a car payment. The part that always makes me shake my head isn't a person being in that situation; it's a person getting into that situation. "A few dollars here, few dollars there" is something I can understand, but this? The dealer prints it all out on paper for you. "You have to pay us a billion dollars per month for a bunch of years. Sign here, please." I don't understand people impoverishing themselves with these massive expenditures. That guy basically hung a flaming tire around his own neck. Edit: zaurg posted:done Haha, really? That's great, but I suspect it took some mighty awful poo poo to get you to pull the trigger. Centripetal Horse fucked around with this message at 06:12 on Apr 28, 2016 |
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Apr 28, 2016 06:09
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CombatInformatiker posted:Public transport is communism, and the Moon landing proved that they're better than communism. Quoting because this is great 
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Apr 28, 2016 06:16
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zaurg posted:done Wait, what? Link me to this for mobile so you can stop making GBS threads up this thread.
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Apr 28, 2016 06:22
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zaurg posted:done hi zaurg, did you see the thread i made in honor of you
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Apr 28, 2016 06:40
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Saros posted:That's mostly not that true from what I know (and places I have lived), at least outside of the Scandinavian countries and parts of france individual taxes are often comparable to the US once fed+state are added in. Plus yknow, healthcare is free/mostly free. edit: also relying on the US to be world police so you can skimp on your military budget is clearly Europe being GWM. Cicero fucked around with this message at 07:23 on Apr 28, 2016 |
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Apr 28, 2016 07:18
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I'm actually not smart enough to figure out how taxes vs. services really works. I moved to Switzerland and my salary was easily twice what it would have been in the US for the same job, but my income tax was incredibly low even taking into account the money that was also deducted for unemployment, disability, and accident insurance (which is all nationalized as far as I can tell). Yet, despite paying almost nothing off my paycheck their university system has a low tuition, their healthcare is far cheaper than the US even though it's basically Obamacare (aged a decade in advance), and the social welfare system seems strong enough that the 5 homeless people I see (because I can actually recognize all 5) all seem to be well stocked with alcohol at all times. I have no idea how it works...I guess no real military? Nazi gold? African despot money?
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Apr 28, 2016 12:14
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Weatherman posted:Petrol's only a necessity if your country isn't baller enough to have decent public transport Whatever lovely island country you undoubtedly live on likely isn't even as big as one of our smaller states and is packed to the brim with assholes. Apples and oranges
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Apr 28, 2016 13:35
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Barry posted:Whatever lovely island country you undoubtedly live on likely isn't even as big as one of our smaller states and is packed to the brim with assholes. Apples and oranges More liek apples and turds, also I called it
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Apr 28, 2016 13:41
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zaurg posted:Looking at a family summer vacation. Wife picks out a couple homes to rent for a week in the Keys for around $2500-3000 for the week. I wasn't crazy about the idea so I came back with another option - a 4 night stay at the Ritz Carlton in Key Biscayne for $1400-$2000 depending on the selection. She gets upset because all I ever do is think about the price and I don't want to have fun. I'm like what I just showed you a few quotes for the loving Ritz which I think is a decent resort (never been but heard good things). Our bank account says we really can't afford either. Her response I just don't get. I'll post again late in Summer with the stupid financial decision I made. zaurg posted:done I don't think that was a stupid financial decision... Good job.
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Apr 28, 2016 13:42
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Anonymous Zebra posted:I'm actually not smart enough to figure out how taxes vs. services really works. I moved to Switzerland and my salary was easily twice what it would have been in the US for the same job, but my income tax was incredibly low even taking into account the money that was also deducted for unemployment, disability, and accident insurance (which is all nationalized as far as I can tell). Yet, despite paying almost nothing off my paycheck their university system has a low tuition, their healthcare is far cheaper than the US even though it's basically Obamacare (aged a decade in advance), and the social welfare system seems strong enough that the 5 homeless people I see (because I can actually recognize all 5) all seem to be well stocked with alcohol at all times. I have no idea how it works...I guess no real military? Nazi gold? African despot money? Isn't Switzerland densely populated in the cities, with most of the nation a near impenetrable mass of mountains? So you have a tiny rich nation that doesn't blow it's treasure on wars, and whose population is packed in areas where it's cheaper and easier to provide social services. There are probably individual VA hospitals that service areas larger than most of Switzerland. Switzerland doesn't really compare to the US and probably contrasts with most of Western Europe. Also Nazi gold. And smartwatches are going to bankrupt your country. Sorry about that.
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Apr 28, 2016 13:42
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Anonymous Zebra posted:I have no idea how it works...I guess no real military? Nazi gold? African despot money? Less money shuffled into the pockets of the 0.1%? No military-industrial complex burning trillions of dollars? No totally hosed-up healthcare system*?  * Fun fact: If you buy travel health insurance here in Germany, the standard package will cover the whole world except for the US and Canada. If you include these two countries, the insurance costs three times as much. I'm not exaggerating.
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Apr 28, 2016 13:45
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America is bad and dumb, but this is bad with money not D&D.
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Apr 28, 2016 13:48
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Anonymous Zebra posted:I'm actually not smart enough to figure out how taxes vs. services really works. I moved to Switzerland and my salary was easily twice what it would have been in the US for the same job, but my income tax was incredibly low even taking into account the money that was also deducted for unemployment, disability, and accident insurance (which is all nationalized as far as I can tell). Yet, despite paying almost nothing off my paycheck their university system has a low tuition, their healthcare is far cheaper than the US even though it's basically Obamacare (aged a decade in advance), and the social welfare system seems strong enough that the 5 homeless people I see (because I can actually recognize all 5) all seem to be well stocked with alcohol at all times. I have no idea how it works...I guess no real military? Nazi gold? African despot money? It's obviously a complex answer, but one factor that often goes unnoticed is how much direct and indirect spending is consumed by America's fairly unique urban form. American cities of all sizes dedicate a lot more money and space to low-density development served by oversized, high-standard infrastructure (especially roads). This is very expensive! Road spending especially takes up a lot of state and local government money, and often generates a fairly low amount of economic activity and tax revenue per tax dollar spent. Compare what you see on the outskirts of Bern, Switzerland (https://goo.gl/maps/kbAEnMnNKvR2) to what you see in the Chicago suburbs (https://goo.gl/maps/b7tx61MKxfy). The Swiss example dedicates a lot less space--public and private alike--to the automobile than the American example. Here's a guy who calculated the percentage of urban land actually used for buildings ] in lots of different cities around the world. Notice a trend in the way the cities fall out along that spectrum? And of course there are the indirect costs of this policy: the per capita death and collision rates that are higher in the US than most of the developed world, imposing costs on emergency services and healthcare; the additional healthcare costs induced by the emissions and obesity that result when most people drive everywhere; the fact that most people are required to tie up a decent amount of capital in their own personal automobile(s), whether they want to or not...the list goes on. That's way more D&D than I like to get in this thread, but this is my professional field and its really frustrating from a municipal perspective that there's always money for low-productivity roads and only crumbs available for high-productivity things like sidewalks. Or poo poo, we could cut the road spending some and then just leave those savings in people's pockets!
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Apr 28, 2016 13:53
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Also, Switzerland is super mega hitler racist and for the most part doesn't allow immigration. It can be super selective and thus has wealth coming in from there as well.
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Apr 28, 2016 14:07
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chupacabraTERROR posted:When I had FIOS, I can't recall a single time when the internet slowed or I had to reset some device (router, modem, w/e). With Time Warner, that poo poo is weekly (and sometimes daily). It still happens with Google. I lost "light strength" or something and they had to fix it outside, in the snow. But they did, took a couple hours and gave me a 10 dollar bill credit. The equipment is still experimental, but it's no worse than TWC.
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Apr 28, 2016 15:21
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Krispy Kareem posted:And smartwatches are going to bankrupt your country. Sorry about that. Whenever people say this I have to wonder if they'd have thought Cubic Zirconia would bankrupt the diamond business.
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Apr 28, 2016 16:25
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If anything was gonna bankrupt the watch industry it would have been quartz crystals.
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Apr 28, 2016 16:35
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