Search results

These stimulus checks are really, really stupid. I did not make $75k in 2019. I made $315k in 2020 and I've already taken home more than $300k in 2021 (thank you Reddit). I got the $1200 and $600 check. Now, I'm going to get the $1400 check as I haven't filed my 2020 taxes yet. I will after I...

It's kind of funny to listen to people like these rally against the elites all weekend: Ted Cruz: US Senator, Princeton/Harvard Law, wife works for Goldman Sachs Tom Cotton: US Senator, Harvard/Harvard Law Josh Hawley: US Senator, Stanford/Yale Law All in support of a guy who inherited 9...

There's a lot of amenities with these high rises. Valet parking, pools, tennis courts, game rooms, gyms, security, etc.

Real estate prices have doubled and tripled in the past decade. Miami has become a destination for the rich with the zero state income tax and being the only tropical metro area in the 48. If you want to live in a nice high rise then Miami Beach (separate city), Edgewater, Brickell, and Downtown...

It's only $5/SQFT up to 300 SQFT, so $1500/year that way. Not worth it for me by itself. The TTS/QBI deductions are what I need to look into.

Interesting, but when will you be able to collect the money you don't pay yourself is the question? Like I pay myself $200k after making $1.2M. What happens to the $1M that I save 20% on? Where can I put it? Where can I collect it?

Yeah, keeping it simple, if I can buy a $1M condo in Miami it would be like $3500/month in principal/interest, $1400 in property taxes, $400 per month in insurance, $1200 month in HOA fees. Let's say 1/4th of it I use as my home office. I don't know what percent is the principal first year, 30%...

So, the way we do payroll is, if I'm paid 900k in one month then my income tax is taxed as if I make 900k*12=$10.8M per year. The entire social security tax is deducted. The entire 1.45 Medicare rate is used and then I'm at 2.35% on all income above 200k or whatever it is. My employer also pays...

I work for a prop firm. I'm a W2 employee. I was surprised when I was told I would be one lol. However, my employer can switch me to 1099 if I wish. Our firm is mixed. I know most firms just do 1099.

There's a lot of jerks on ET and I don't see you as one at all lol. You're very helpful and you're right about that. I'm not an accountant and tax code is complicated as hell. In the past I've just taken the standard deduction, but now I'm in big boy league lol. I'll look into the cost. Creating...

I'll look into a health savings plan. I prefer to manage my own money rather than use a 401k though. I only like to invest in growth companies. I might buy some TIPs to hedge against what I think is going to be incoming inflation though.

Thank you for this information. I'm currently a W2 trader having by far my greatest year ever only 2 months into the year lol. My current share is around 900k already. Thank you Reddit lol. I'm going to allocate a bunch to a risk bank to keep growing, but I'm looking for anything I can to deduct...

Thanks for the replies. I did not think it was realistic, but it was an idea I had lol. A more realistic question: If I bought a 2 BR condo, could I used the entirety of the Master Bedroom/Bathroom/WIC as a home office? Or just the bedroom portion? Also, would a W2 trader employee be able to do...

Let's say a company buys a property for $5million, then sells it to the employee for $1. Could the company write off the property as a loss of $5million and the employee avoid paying income tax? Or is that illegal avoidance? Just a crazy idea I had to avoid paying the 39.35% top tax rate.

This is darker to me, because on 9/11 the country united. We have a 9/11 in terms of deaths everyday with this virus Trump has botched.

Bush is closer to belonging on Mount Rushmore than being put in the same category as Trump. At least Bush respects the office.

I didn't think he could surpass Andrew Johnson or James Buchanan, but congratulations! This is the darkest day in in American history in my lifetime. Attempting a coup to stay in power is on par with the worst things to ever happen in this country. That includes slavery, Jim Crow, and Dred...

They shouldn't be giving $600 out to people making the same money as they did in 2019. There's no common sense to this stuff.

Maybe 20% of country has heard of Newsmax.

There was no data that gave you an accurate range to narrow it down to .1%. That data doesn’t exist to this day. There’s plenty of asymptomatic and people with minor symptoms who aren’t getting tested. There are models, but all of the ones I’ve seen have estimates multiples apart from the upper...