Recruiting Forum Football Talk II

Status
Not open for further replies.
no matter how long?

eh. i mean there's a limit to everything. right now we're both working, and if that doesn't change, we're good to go. and i don't see my wife losing her job. she's in home health, and they're basically moving most out patient treatment to home health right now, so she's busier than normal. i'm stable, and i've got my fingers crossed it stays that way, but if the worst were to happen, we do have a plan for that, and we've made it a point to save.....we'd probably be "good" for about 6 months before we had to get really creative, and maybe make some difficult choices financially.

why? i know you guys are in a tough spot, and you've had a rough go of it with your family lately...the only thing i have on the horizon close to that is my mom, she's got dimentia/Alz as well, and it's only a matter of time before we have to make some really difficult decisions for her, and my dad really.....so the "when" that comes to fruition will play a big part of the hand we'd have to play....but who knows when that day hits...could be tomorrow, or 2 years from now...

if you're asking in regards to my willingness to stick this out, i mean, i can't deny that situationally, being able absorb a hit and still keep running relatively close to normal, it makes it easier to take that stance. but it still comes with it's own set of obstacles to overcome....i would imagine financially, that's a large obstacle for you guys....hency your urgency to get back to a functioning economy....i think everyone agrees that'd be ideal....

my concern would be if we kicked it back in gear for the sake of kicking it back in gear, not because we could sustain it w/no further interruptions from this virus.......past that, yeah, we need to get back to "normal" as soon as possible.....

i think if we had to shut down a 2nd time this year, it'd have a bigger negative impact that this go around, no matter how long it lasts....i understand that is not a one size fits all perspective....and you likely disagree, for probably obvious reasons relative to your situation.....and i get that....it sucks. and i know there's a lot of people that need to get back up and running so they can get back to work...no money, or very little money, coming in is adding more stress to an already stressful time.....there's not a lot of good choices here.....i think no matter what we do, there's going to be an unfortunate fallout.
Also...I am not worried about myself, we are set for awhile thanks to my mom being a badass, but I don't want to spend it all, or even a big chunk of it just trying to survive this crap. I wanted to actually have a little something for once in my life...to be able to go places I never thought I would be able to see.
 
Also...I am not worried about myself, we are set for awhile thanks to my mom being a badass, but I don't want to spend it all, or even a big chunk of it just trying to survive this crap. I wanted to actually have a little something for once in my life...to be able to go places I never thought I would be able to see.
Iowa? Rochester NY after a Noreaster? Frankfurt, KY ?
 
Why don't they cap it then? No capital gains under say 100k? Or make it in relation to your adjusted gross income?
It is 0% under ~40k single, ~80k mfj.

15% for most after that.

20% for top brackets.

These are historically low. You seem to think they are high.

Well below earned income tax rates, while being passive in nature. Almost seems backwards. Idk just me. I'd rather hard earned money be taxed less than "sit around and do nothing" money.

But I don't stand for the investor class and never will. We are a rare bunch among billions on earth. Jmo, but I believe we shoud be grateful.
 
Also...I was just curious because I want to study different people's situation..this is unprecedented, and a lot can be learned to help people in the future.

I have several dear friends that are in serious danger of losing everything unless some liquidity happens.

Also...just found out friday my FiL has cancer on top of early dementia, his heart working at 25%, kidneys at 15% and scirocis of the liver....so....yippee for that I guess..😵
Dang man... That sucks...2020... Need a do over.
 
  • Like
Reactions: titansvolsfaninga
Also...I am not worried about myself, we are set for awhile thanks to my mom being a badass, but I don't want to spend it all, or even a big chunk of it just trying to survive this crap. I wanted to actually have a little something for once in my life...to be able to go places I never thought I would be able to see.
Really hope you're able to do so...
 
Grocery stores and restaurants are going to be how this thing keeps spreading. Not sure how to minimize that. People gotta eat.
Been pointing this out..stores can not be shut down...period..and EVERYBODY has to go to there.

But..It is less likely to get you if you stay as far as possible from everybody, wear some gloves and bathe in sanitizer upon leaving.

I got extremely pissed off yesterday at the Pilot station our gas account is at...there I am standing as far away as possible while waiting my turn, instead of just using the urinal right next to the guy already there using one...he walks away to wash up, and I walk up to do my bidness and a ****turd walks up and starts pissing in the other urinal a foot away from me...I looked him in the eye and loudly said.."REALLY DUDE?"...the dumbass just stands there with that stupid vacuous AlaBubba fan look in his eyes...and then slowly realizing..he says "Oh crap man I'm sorry" 😠
 
  • Like
Reactions: titansvolsfaninga
Capital gains taxes are BS, if I'm taking a risk with my hard earned money and investing those taxed dollars into the market you want me to pay taxes on them again if my investment grows? Ain't nobody got time for that! If they waived it our economy would get a shot in the arm.
I hate that crap too, I have always understood it, but until I actually got some capital to invest it dodn't mean much to me...talking to my EJ person the other day and she was explaing a lot if stuff and it hit me...I said...So I take all the risk, with money that has already been taxed before, and the government gets a piece? That is some bull💩 extortion right there.
 
Hedge fund managers and Wall Street would love this the most, along with CEOs paid in stock.

If we are talking secondary market equities and debts, I don't see it doing much. It isn't like if people buy more stocks it affects the economy.

I'm all for taxing passive income. Many bitcoin owners wanted to avoid taxes. I thought that was the most egregious, pompous view. People literally sat back and watched investments grow 1000x, with zero work, and they think they shouldn't pay tax? Meanwhile we tax people working 2 jobs at minimum wage? I think that is BS.



You don't pay taxes on your "hard earned dollars" again. Only on the passively earned gains.

And they are given VERY favorable rates, 15% for most. Much different than most earned income. They are historically low and meanwhile tons are spent on top earners trying to transition refular wages into capital gains. It is basically a tax shelter for some.
This is all true...but it feels like being robbed 🤷‍♂️
 
So I take all the risk, with money that has already been taxed before, and the government gets a piece? That is some bull💩 extortion right there.

They only get "a piece" on newly gained monies. Not the principal. So, if you breakeven or lose principal, you aren't taxed. You can deduct small losses as well (3k/yr last I checked).
 
  • Like
Reactions: Ulysees E. McGill
Old school. Still love 7s, supras, 240s.

When I got my drivers license at 16 I was supposed to be getting a Supra from my folks...instead they got divorced, my Dad fell apart for a few years, and our financial situation went from pretty well off...to poverty level
 
Guys. This is it. This is my time. 2020. It is now acceptable to be a jobless basement dwelling anti social awkward introverted gamer nerd.

Yet now with my luck I'm forced to work my ass off every day because evidently working at a grocery store is "an essential business" .... Pshhh.....
 
Status
Not open for further replies.
Advertisement



Back
Top