Teeter posted:

Pocket Billiards posted:

Talked to someone today with $20,000 in a basic savings account. Not a bad thing per se, but also has 4 or 5 credit cards maxed out being charged interest at probably 3x the rate at least.

Money is in savings for IVF when Mr Right appears from Plenty Of Fish.

canyoneer posted:

I just found out a coworker bought a BMW i9, a $150k supercar. Guy probably is pulling down around $70k annually.

Don't worry, he bought it used and got a deal on it, because it was declared a lemon in Florida.

He bought a BMW supercar with legally actionable mechanical defects.

canyoneer posted:

I just found out a coworker bought a BMW i9, a $150k supercar. Guy probably is pulling down around $70k annually.

Don't worry, he bought it used and got a deal on it, because it was declared a lemon in Florida.

He bought a BMW supercar with legally actionable mechanical defects.

canyoneer posted:

https://np.reddit.com/r/legaladvice/comments/6tmeq3/my_friends_tax_avoidance_probably_evasion_scheme/
My friend's tax avoidance (probably evasion) scheme (US). (self.legaladvice)
submitted 7 hours ago * by TollsATollRollsARoll
US - Georgia


The IRS is going to joinder him right in the rear admiralty

Rudager posted:

Now imagine what the insurance cost would be?

Virtue posted:

Lol this guy ain't buying insurance.

Teeter posted:

Pompous Rhombus posted:

You pay $3000 and it's "yours".

Virtue posted:

Lol this guy ain't buying insurance.

brugroffil posted:

Like this lady who couldn't pay her six figure repair bill after driving her Aston into a tree with basic coverage.

http://jalopnik.com/aston-martin-owner-crashes-car-reportedly-refuses-to-p-1791087152

Fil5000 posted:

I'm struggling to work out why anyone wouldn't buy a house for a hundredth of it's valued cost.

brugroffil posted:

BWL/BWM: Going to a white supremacist rally, being ID'd in photos, getting fired from your job

https://www.washingtonpost.com/news/food/wp/2017/08/14/charlottesville-white-nationalist-demonstrator-fired-from-libertarian-hot-dog-shop/
Charlottesville white nationalist demonstrator loses job at libertarian hot dog shop

everything about this headline is fantastic

ate all the Oreos posted:

Of all the places that would be ok with you being a nazi I'd think "libertarian hot-dog shop" would be at the top of the list but I guess not???

Also how the hell is a hot-dog shop libertarian, are the funds distributed internally as a free market rather than the command economy of most businesses?

quote:

Top Dog, a Berkeley campus fixture, isn’t shy about its libertarian values. “The walls … are covered with libertarian bumper stickers, yellowed newspaper articles urging the privatization of the postal service, and hand-lettered signs with statements like, ‘Beware the leader’ and ‘There’s no government like no government,'” wrote SF Weekly in 1996.

A section of the restaurant’s website is dedicated to “Propergander,” posting articles about sanctuary cities, nuclear war and diversity. A recent article about an anti-diversity memo circulating at Google read, in part, “Jim Crow is long gone, but it seems that Progressives (which gave us Jim Crow in the first place) now are imposing what essentially is a new form of segregation, that being ideological and religious segregation that is more reminiscent of how the former USSR treated dissidents than anything we have seen in private enterprise.” The website was down for a time after the weekend’s incidents but was online as of Monday afternoon.

brugroffil posted:

BWL/BWM: Going to a white supremacist rally, being ID'd in photos, getting fired from your job

https://www.washingtonpost.com/news/food/wp/2017/08/14/charlottesville-white-nationalist-demonstrator-fired-from-libertarian-hot-dog-shop/
Charlottesville white nationalist demonstrator loses job at libertarian hot dog shop

everything about this headline is fantastic

Nail Rat posted:

From the article.

canyoneer posted:

I just found out a coworker bought a BMW i9, a $150k supercar. Guy probably is pulling down around $70k annually.

Don't worry, he bought it used and got a deal on it, because it was declared a lemon in Florida.

He bought a BMW supercar with legally actionable mechanical defects.

brugroffil posted:

BWL/BWM: Going to a white supremacist rally, being ID'd in photos, getting fired from your job

https://www.washingtonpost.com/news/food/wp/2017/08/14/charlottesville-white-nationalist-demonstrator-fired-from-libertarian-hot-dog-shop/
Charlottesville white nationalist demonstrator loses job at libertarian hot dog shop

everything about this headline is fantastic

ate all the Oreos posted:

Yeah I read the article I just like my idea better

e: Also I didn't want to say anything but since it's now quoted, christ how dumb do you have to be to think "progressives" did Jim Crowe. Like at least use the word "democrats" so you're technically correct

canyoneer posted:

https://np.reddit.com/r/legaladvice/comments/6tmeq3/my_friends_tax_avoidance_probably_evasion_scheme/
My friend's tax avoidance (probably evasion) scheme (US). (self.legaladvice)
submitted 7 hours ago * by TollsATollRollsARoll
US - Georgia


The IRS is going to joinder him right in the rear admiralty

canyoneer posted:

I just found out a coworker bought a BMW i9, a $150k supercar. Guy probably is pulling down around $70k annually.

Don't worry, he bought it used and got a deal on it, because it was declared a lemon in Florida.

He bought a BMW supercar with legally actionable mechanical defects.

Krispy Kareem posted:

Hey, when did Leon Trotsky get bac...oh, it isn't him.

Ixian posted:

I think most Sovcit stuff falls under Poe's law these days. I can't tell if this is a troll or not, and even if this particular Redditor is, the story is almost certainly true for someone else.

It is baffling to me how many people fall for this.

Hoodwinker posted:

I don't think they think "progressives" did Jim Crowe. They're laughing at the delicious "irony" that now "progressives" are "responsible" for it.

brugroffil posted:

A Canadian judge turned a sovcit ruling into a treatise on all of their bullshit for future reference in case anyone's interested. Since the US is the world's exporter for this insanity to other countries with legal systems based on British law (mainly Canada and the UK), much of it applies here too.

https://www.canlii.org/en/ab/abqb/doc/2012/2012abqb571/2012abqb571.html

Volmarias posted:

I read the whole of this a while back, it's just amazing in the breadth and depth this went into.

canyoneer posted:

http://evans-legal.com/dan/tpfaq.html#FRNs

quote:

There is no requirement to apply for (or use) a Social Security number.

The Social Security Act may not require people to apply for Social Security numbers, but the Internal Revenue Code does.
...
The claim that “Only persons who have contracted with the government by applying for a governmental privilege or benefit, such as holding a Social Security number, are subject to tax, and those who have contracted with the government may choose to revoke the contract at will,” has been identified by the IRS as a “frivolous position” that can result in a penalty of $5,000 when asserted in a tax return or included in certain collection-related submissions.

quote:

I have revoked my consent to be a taxpayer.

The flip side of the claim that “the income tax is voluntary” is the claim that you can “unvolunteer” from the tax system.

Needless to say, the courts have not been impressed.

“Sasscer contends nevertheless that he is a ‘non-taxpayer’ due to his decision to rescind and revoke his consent to taxpayer status. Specifically, he refers to a letter and affidavit filed with the IRS on April 13, 1985. In the letter, Sasscer proclaims that he is a ‘freeman, a free sovereign individual.’ The attached Affidavit of Revocation and Recission declares that Sasscer is not ‘and never was a “taxpayer” as that term is defined in the Internal Revenue Code, a “person liable” for any Internal Revenue tax, or a “person” subject to the provisions of that Code.’ This well-worn argument has been uniformly repudiated by the federal courts. The federal income tax is not voluntary, and a person may not elect to opt out of the federal tax laws by a unilateral act of revocation and recission.”
...
The claim that “[a] taxpayer may ‘untax’ himself or herself at any time or revoke the consent to be taxed and thereafter not be subject to internal revenue taxes” has been identified by the IRS as a “frivolous position” that can result in a penalty of $5,000 when asserted in a tax return or included in certain collection-related submissions.

quote:

Wages are not income.

As unbelievable as it might sound, some tax protesters simply think that the income tax doesn’t apply to wages.
Consider these statements by the United States Supreme Court:

“[T]he earnings of the human brain and hand when unaided by capital ... are commonly dealt with as income in legislation.”

Stratton’s Independence, Ltd. v. Howbert, 231 U.S. 399, 415 (1913).

“There is no doubt that the statute could tax salaries to those who earned them....”

Lucas v. Earl, 281 U.S. 111, 114 (1930).

“[The tax code] is broad enough to include in taxable income any economic or financial benefit conferred on the employee as compensation, whatever the form or mode by which it is effected.”

C.I.R. v. Smith, 324 U.S. 177 (1945).

“Wages usually are income ....”

...

So where do tax protesters get the idea that wages might not be income?
Often from a series of incomplete and misleading quotations from irrelevant cases.

“It is to be noted that, by the language of the Act, it is not salaries, wages, or compensation for personal services that are to be included in gross income. That which is to be included is gains, profits, and income derived from salaries, wages, or compensation for personal services.” Lucas v. Earl, 281 U.S. 111 (1930).

The above quotation is not from the opinion of the Supreme Court, but is one of the arguments made by the taxpayer, who lost. (Older reports of Supreme Court decisions printed summaries of the arguments of the parties before the text of the court’s opinion.) The Supreme Court ruled against the taxpayer, holding that the taxpayer was liable for the tax on his salary and stating that “[t]here is no doubt that the statute could tax salaries to those who earned them....” 281 U.S. at 114.
...
The claim that “[w]ages, tips, and other compensation received for the performance of personal services are not taxable income or are offset by an equivalent deduction for the personal services rendered, including an argument that a taxpayer has a “claim of right” to exclude the cost or value of the taxpayer’s labor from income or that taxpayers have a basis in their labor equal to the fair market value of the wages they receive,” or similar arguments described as frivolous in Rev. Rul. 2004-29, 2004-12 I.R.B. 627, or Rev. Rul. 2007-19, 2007-14 I.R.B. 843, has been identified by the IRS as a “frivolous position” that can result in a penalty of $5,000 when asserted in a tax return or included in certain collection-related submissions. Notice 2007-30, 2007-14 I.R.B. 883.

quote:

Okay lets get straight to it. Im a veteran (23/m) so I go to school full time using the Post 9/11 GI bill. This bill makes it so that not only is my school paid for, but the VA will actually pay me a basic housing allowance (roughly $1900/month) while im going to school full time. This is a great deal but I should have probably planned a little better. You see, since I am at starting my 3rd year of college this fall the classes available to me are starting to dwindle. This summer in particular I wasn't able to get any classes since there were none available for me to take. I do have a part time job but they only give me about 20 hours a week (they are over employed). I had $1000 saved up for a situation like this and that almost immediately vanished on the first. $700 went to rent and $300 went to my car last month (I literally have one car payment left before I'm done paying it off). I should probably mention that my girlfriend (20) and my baby (4months) live with me. We dont really have a babysitter to depend on so one of us has to be at home with the baby at all times, this makes our working schedules very tight (basically when she's at work I'm home with the baby and vis versa). She's bringing about $120 a week (she also work part time) but she made the genius decision of getting a 2017 model car that runs her $485/month so all her money goes to that. Basically I'm broke right now, we've been living off credit cards the whole summer and now our credit cards are maxed out. I got denied for another credit card and rent is due on the first and we have no savings. On top of that, i had to pay another $300 this month for my car of which I didnt have, my dad said they wouldnt take the money out if there was nothing there but they did, so now not only are my credit cards maxed out with nothing in my savings, but im negative $300 in debit account. This means I wont have any money until that debt is paid off. Oh and to put a nice cherry on top of it all I got a flat tire after work last night, which I cannot afford to replace. Please, someone, anyone, i need some financial advise, what should I do at this point???
TLDR: Im broke, Im negative $300 in my checking account, no savings, all credit cards are maxed out, all my bills got paid but September 1st is steadily approaching.

BENGHAZI 2 posted:

My favorite part is when he's like some of this poo poo is so fuckin stupid that knowing it's part of a wider thing is the only evidence the person isn't a dang idiot

Barry posted:

https://www.reddit.com/r/personalfinance/comments/6tx8rc/im_broke_all_my_credit_cards_are_maxed_and_i_have/


Nice

Barry posted:

https://www.reddit.com/r/personalfinance/comments/6tx8rc/im_broke_all_my_credit_cards_are_maxed_and_i_have/


Nice

Ixian posted:

Edit: "Couldn't get classes" are you loving kidding me.

baquerd posted:

I bet it's tough to get classes when you wait until the last day of registration or later.

Lowness 72 posted:

What does couldn't get classes mean? Like he doesn't qualify for 300 level classes? Don't universities have offices that specifically help you chart out your path?