american ignorance on how our tax system works

[L-Kabong]

Quote from BSAM:

Brother Bong; you're back!
I can stop my crying now.
When you indicated you were thru here, I, and I'm sure many others, were heartbroken.
I thought this place would fold.
I assume Baron contacted you and begged you to return?

Yuk yuk yuk!

 

[PHOENIX TRADING]

Quote from mrbill:

1)I think the point was that many think their tax rates will jump to the higher bracket for ALL income, which is, as I'm sure you know, is totally wrong.



2)In spirit of Thanksgiving and the Holidays, can I ask how your change into trading is going? Last time you said a bit slow, and 3)perhaps your old employer still needs your services. Only 5 weeks to go until 2013, hope it's working out. Please let me know.

1) Of course I know that.

2) Just patiently waiting.

3) I don't think they recognize how much I've sacrificed for them this past year. I've literally worked everyday for the past 3 months for them and just 2 weeks ago they passed a federal inspection with zero deficiencies in my dept.
Of course that didn't stop them from questioning why I fell below productivity during the week I was dealing with the inspectors.
When my supervisor asked ,I was thinking (are you fvcking kidding me if I had fucked up they could have shut us down). I just replied" I don't know" because if they ain't smart enough to figure it out themselves I'm not going to be able to explain it to them.

conveniently I believe I'm training my replacement in 2-3 weeks.

oh yeah they also fucked up my pay the past 2 pay periods I mean by paying me like 15-20% of what they owed me.

Next year I'm not going to be Dicking around wasting my time supervising others & govt compliance will be greatly reduced (and not getting paid for it). IOW I'll be responsible for my work only. I'll be setting my own schedule which should mean my productivity could go up 30-40% during the time I choose to work.

I was boss for 12 yrs and that's the level of independence I'm going to demand next year.

 

[PHOENIX TRADING]

Quote from L-Kabong:

I want to see if PT understands the issues. I am not sure he does. The Obamacare 3.8% is on investment income and the first 250K is excluded. If you are a trader, then the surcharge should not deter you from seeking greater income beyond 250k

It should not make one happy about paying it either, but if one's investment income is composed mostly of short term capital gains, the tax will not be a deterrent to pursuing income over 250k. The tax might provoke a rare ideological protest: someone may be so opposed to the tax as to arrange one's financial affairs to avoid it.

I understand the issue just fine thanks.