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skooma512)
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Twerk from Home posted:After the Trump tax cut, your standard exemption is about $25k, so taxable income would be somewhere around $125k. Then they'd pay "$10,294 plus 22% of the amount over $89,450.", so 10k + 8k is about $18k in income tax. There's also payroll taxes, you used to get a marginal tax break once you capped out the Social Security taxed income, but that has shot up in recent years from like $100k to 150k so we can assume our couple is paying 7% payroll tax too, so they also pay about $10k in social security+ Medicare. Wow, poverty wages
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Feb 13, 2024 15:24
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| # ? May 26, 2024 09:12 |
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Twerk from Home posted:I will not stand for people pretending not to understand tax brackets as part of an act. You only pay that % on the income over the previous tax bracket. I wasn't pretending anything, I simply chose not to give a poo poo for the purposes of a post on Something Awful 
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Feb 13, 2024 15:25
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Inflation is HOT.
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Feb 13, 2024 15:25
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FizFashizzle posted:Speaking of houses i would simply live in the very safe town instead of on crumble point lane
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Feb 13, 2024 15:35
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https://twitter.com/Carnage4Life/status/1757268922750144737
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Feb 13, 2024 15:51
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Twerk from Home posted:
Well, that's a bunch. I guess here in euroland it'd be something like 95k$ if you're single. Of course 150k$ is where the highest % starts over here so good luck getting that even for touching computers. But you'd have to worry less about health insurance at least.
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Feb 13, 2024 15:53
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Beached Whale posted:Not sure how they're making ends meet with all this anti-landlord phobia in modern America loving guillotine these motherfuckers This is obscene
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Feb 13, 2024 15:57
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sleep with the vicious posted:He's right and doomsday econ is too scared to face facts - 149k isn't enough and you look like a jackass, at 226k the world is your oyster (except in SF/NYC where NOBODY makes less than 250k) Honestly it's pretty true. Like, obviously this is taken to a logical extreme because it's funny, but I think it's a real point of consideration. Disposable income has such a weird track; if you make enough money to cover your expenses, you're basically poor. But if you make only, say, 10k extra a year ("only" doing a lot of lifting here, but still) that 10k of disposable income is insane. That's constantly eating out, if you want, or being frugal and buying a Patek in a few years, huge vacations, whatever you want. I'm just saying that the way disposable income interacts with someone's life is weird and disposable income kind of scales exponentially past your base expense ratios, if that makes any sense. The only reason this isn't more widely considered is most people are stupid assholes and immediately spend their extra money on things like convenience (like, they'll start doing Instacart or Doordash and other tech-adjacent dumb things that swallow paychecks whole) in a way that makes their expenses immediately equal their income, no matter what it is. It's such a frustrating behavior that we have and keeps so many people from actualizing their own lives.
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Feb 13, 2024 16:00
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FizFashizzle posted:Speaking of houses Last I heard about any of this, California was talking about buying these mansions and renting them back to their current owners so the public takes the hit and not the rich guy living there
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Feb 13, 2024 16:00
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ikanreed posted:China poses a different threat to global capitalism than the ussr did, because it's on the verge of showing communism showing a better quality of life than the imperial core can, even with all its plunder it costs $22 to ride the super fast trains in china 
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Feb 13, 2024 16:04
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Taima posted:
The necessities vs. frivolities curve has inverted from our parents' generation, which is why they still think a big screen TV is a sign of excess when you can get one for a quarter of the monthy rent on a 1BR in any desirable city. Going out and buying a PS5 to treat yourself isn't going to affect your ability to afford a house or retire some day because the cost is relatively meaningless now compared to housing, medical care, education, etc
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Feb 13, 2024 16:05
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SKULL.GIF posted:loving guillotine these motherfuckers Some of the replies state that the income chart is inflation adjusted and the rent isn’t. So, I’d probably want to see another source. I’m sure it’s horrible, all the same.
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Feb 13, 2024 16:05
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Taima posted:Honestly it's pretty true Lol
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Feb 13, 2024 16:07
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Pepe Silvia Browne posted:imo the worst salary range is $0 or "slavery" what about -$1,000,000
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Feb 13, 2024 16:15
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the milk machine posted:what about -$1,000,000 gently caress i hadn't considered that
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Feb 13, 2024 16:18
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sleep with the vicious posted:He's right and doomsday econ is too scared to face facts - 149k isn't enough and you look like a jackass, at 226k the world is your oyster (except in SF/NYC where NOBODY makes less than 250k) Median household income in NYC in 2022 was ~$76k, median per capita income was $48k.
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Feb 13, 2024 16:25
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Pittsburgh Fentanyl Cloud posted:The necessities vs. frivolities curve has inverted from our parents' generation, which is why they still think a big screen TV is a sign of excess when you can get one for a quarter of the monthy rent on a 1BR in any desirable city. it’s actually millennials who don’t know how to save because they’re all coddled babies. hth
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Feb 13, 2024 16:25
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Pittsburgh Fentanyl Cloud posted:Median household income in NYC in 2022 was ~$76k, median personal income was $48k. yeah exactly, those people are Nobodies, they're gristle, they don't count
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Feb 13, 2024 16:26
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Wolfers with no inflstion tweet, but a banger from Sunday. https://twitter.com/JustinWolfers/status/1756871633925734827?t=ZlbYpinW5Gv0Lkieeh8Ofg&s=19 The latest Krugman is a lmao https://twitter.com/paulkrugman/status/1757140594625847307?t=x6JEwtCwwRCe6sbgaSGSKA&s=19 Furman with some good observations. https://twitter.com/jasonfurman/status/1757417448695844971?t=FUfuL7X8doIgilTppjkI3A&s=19 https://twitter.com/jasonfurman/status/1757417450528759917?t=E-gmIN79sMBk5D1ZG7U1hw&s=19
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Feb 13, 2024 16:27
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What a dumb idiot fucker bitch
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Feb 13, 2024 16:34
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triple sulk posted:every day now that i look at job postings in product roles and it's loving incredible how many are ai related luckily they're almost all lying about being ai related so apply anyway cause ai startup just means one team uses chatgpt for some random project that'll never see the light of day
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Feb 13, 2024 16:37
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Lol ??? https://twitter.com/DeItaone/status/1757422940746867040
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Feb 13, 2024 16:39
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Lol Thread title
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Feb 13, 2024 16:42
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Mr Hootington posted:Lol
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Feb 13, 2024 16:43
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Again no one can explain why rates should be cut. If the economy is doing good and inflation is in better shape then it seems like they are set at a pretty good point. Is it just that the tech industry is built on zero interest loans and its all going to fall apart if they don't lower them? Raccooon has issued a correction as of 16:48 on Feb 13, 2024 |
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Feb 13, 2024 16:43
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There are so loving many parasitical cockroaches who are completely juiced up on ZIRP and they're convulsing in drug withdrawal right now and screaming for rate cuts
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Feb 13, 2024 16:47
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Markets up
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Feb 13, 2024 16:48
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triple sulk posted:every day now that i look at job postings in product roles and it's loving incredible how many are ai related i recently started a gig job that pays hourly to rate and edit AI responses from models designed to generate code and do analytics stuff i may not be able to get a real job anymore but i'm drat sure going to try to bring down the rest of the industry with me 
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Feb 13, 2024 16:52
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Raccooon posted:Again no one can explain why rates should be cut. If the economy is doing good and inflation is in better shape then it seems like they are set at a pretty good point. The investor class wants more free money to corner the bottom of Mazlov's pyramid
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Feb 13, 2024 16:53
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the milk machine posted:i recently started a gig job that pays hourly to rate and edit AI responses from models designed to generate code and do analytics stuff A fine example of what I was talking about last week.
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Feb 13, 2024 16:56
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The dream is to get interest rates low enough that they can corner the market on breathing and water
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Feb 13, 2024 16:57
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https://x.com/unusual_whales/status/1757419859422626144?s=46&t=eipIP3Brnxp68_hpF9XuGA https://twitter.com/jeuasommenulle/status/1757405545621778672
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Feb 13, 2024 16:58
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and frozen concentrated orange juice!!!
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Feb 13, 2024 17:00
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SKULL.GIF posted:There are so loving many parasitical cockroaches who are completely juiced up on ZIRP and they're convulsing in drug withdrawal right now and screaming for rate cuts It's such a funny self-own. The pandemic printing netted countless new-money people who essentially just got super lucky, were in business at the right time and had the Fed Fire Hose aimed at their stupid asses for .1 of a second. These people are now in full panic mode because their entire sense of self-worth is now rooted in something that had nothing to do with them and can never be replicated again. The cognitive dissonance must be insane, it's like the financial equivalent of giving someone unlimited cocaine for a month and then cutting them off. It's one of the funniest and weirdest things that has ever happened in the history of economics and hardly anyone understands what's even going on.
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Feb 13, 2024 17:01
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Same.here
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Feb 13, 2024 17:05
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Twerk from Home posted:That napkin math says a couple with gross earnings of $150k are taking home about $120k. drat accurate. Suck out various insurance deductions to really sway the needle.
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Feb 13, 2024 17:22
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C-Bangin' it 
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PawParole posted:Openai basically put a user interface around the LLM’s that have been in use since like 2010 and that drove every venture capitalist wild. No you don't understand there's at least $50 billion dollars of market cap in the "AI written product review/affiliate link blog" market alone! Just imagine what other meaningless drivil it could produce
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Feb 13, 2024 17:35
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oh yeah the car insurance rates are insane now, can’t even imagine if you had a couple tickets and an accident or some poo poo
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Feb 13, 2024 17:37
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Just in time for Valentines day, I will no longer have to date the proles 
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Feb 13, 2024 17:37
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| # ? May 26, 2024 09:12 |
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triple sulk posted:every day now that i look at job postings in product roles and it's loving incredible how many are ai related About a year and a half ago I was looking to switch careers from IT to gamedev and a good chunk of the jobs listed were for NFT and Metaverse poo poo
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Feb 13, 2024 17:38
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