Oh yay I passed $11,000

[Scotsman]

In taxes for the year with three months left to go.

I can only imagine what I could spend the wonderful bounty on if it were mine.

Cheers,
Scotsman

 

[blut wump]

Intaxication: the feeling you get after receiving a tax refund. It lasts until you realise that the money was yours anyway.

 

[Scotsman]

Intaxication: the feeling you get after receiving a tax refund. It lasts until you realise that the money was yours anyway.

This was one of my favorties from that definitions contest.

Cheers,
Scotsman

 

[MattTheSkywalker]

In taxes for the year with three months left to go.

I can only imagine what I could spend the wonderful bounty on if it were mine.

Cheers,
Scotsman

More than half of it is going to old people who already had a chance to set up their futures.

Enjoy

 

[hamstershaver]

More than half of it is going to old people who already had a chance to set up their futures.

Enjoy

the bastards!!!!!!!

 

[eat big]

the bastards!!!!!!!

How dare they get old!

 

[MattTheSkywalker]

the bastards!!!!!!!

Laugh if you want, but that is where most of your tax dollar goes.

 

[hamstershaver]

Laugh if you want, but that is where most of your tax dollar goes.

huh? im not laughing

 

[Scotsman]

More than half of it is going to old people who already had a chance to set up their futures.

Enjoy

Actually since I take 0 deductions most of that is going to the feds and state, SS is third in the denominations.

Plus I won't mind having it when I am old so I don't complain about that. I actually don't mind paying taxes It's just fun to think about what you could buy with that money. Besides it wasn't too long ago that I didn't make that much in a year.

Cheers,
Scotsman

 

[MattTheSkywalker]

Actually since I take 0 deductions most of that is going to the feds and state, SS is third in the denominations.

Plus I won't mind having it when I am old so I don't complain about that. I actually don't mind paying taxes It's just fun to think about what you could buy with that money. Besides it wasn't too long ago that I didn't make that much in a year.

Cheers,
Scotsman

SS and Medicare are intermingled with general income tax revenues; you don't have to be Al Gore to know there is no lockbox. It doesn't matter how many deductions you take.

SS money goes to buy Treasury securities (that's where most of the deficit comes from) and to pay beneficiaries.

Most Americans lack even a rudimentary understandng of how government finances itself. If the retirement system is still there when we retire I will buy you 100 Cuban cigars. SS return is currently about 1.5%, a money market would do better for you.

 

[Scotsman]

SS and Medicare are intermingled with general income tax revenues; you don't have to be Al Gore to know there is no lockbox. It doesn't matter how many deductions you take.

SS money goes to buy Treasury securities (that's where most of the deficit comes from) and to pay beneficiaries.

Most Americans lack even a rudimentary understandng of how government finances itself. If the retirement system is still there when we retire I will buy you 100 Cuban cigars. SS return is currently about 1.5%, a money market would do better for you.

Never said I wasn't going to plan for my own retirement, just that I wouldn't mind getting SS when I get older.

Cheers,
Scotsman

 

[Mr. dB]

Laugh if you want, but that is where most of your tax dollar goes.

What % of our FICA goes there?