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/biz/ - Business & Finance

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13125607 No.13125607 [Reply] [Original]

remember to live within you're means ;^)

>> No.13125618

> 40% tax
fucking yikes
when did the commies take over in america?

>> No.13125620

>>13125607
Americans are retarded

>> No.13125640

>hes not self-employed so he cant write off literally 75% of daily expenses as "business expenses"
>never going to make it

>> No.13125644

>>13125618
Fed + state taxes on that amount. One of the many reasons why most people who go from nothing to having something become conservative, since the realize they are being stolen from.

>> No.13125665

They're taking vacations, living in an expensive home, and giving their children lessons. I don't understand what they are complaining about.

>> No.13125668

>>13125607
>18k on vacations
>18k on charity
>30k on student loan repayments
Lmao. I'd also like to know in what universe you can buy a landcruiser and a BMW for 10k repayments per year. Utter shit, as per usual, from cnbc

>> No.13125671

>40% tax
>2 kids
JUST

>> No.13125674

>>13125665
They found a peer group in which they are average, which makes them feel average which is upsetting to them

>> No.13125679

>>13125607
>wasting money on children and boomer 401k bullshit

Those retards never gonna make it

>> No.13125681

>>13125607
>Spending 3x more on charity than you save after deducting all costs
Typical 81 IQ behaviour

>> No.13125699

>>13125644
So why isn’t orange man doing something about this?

>> No.13125712

>>13125607
>no health insurance
wtf

>> No.13125713

>$40,000 a year for two children (lol)
>$20,000 charity
>$10,000 clothes each year

This is just shit reporting holy fuck

>> No.13125720

>>13125640
That's exactly what I do.
I own a small store in Brazil and I never paid taxes, my vacations are "business expenses" (also my hookers and ladyboys)

>> No.13125721

>having kids
>donating to charity/former school

That's 72,000 wasted right there.
Likely way more depending how much is spent on their food, their clothes, gas for driving to activities, and some of the unexpected $10k expenses.

Understanding you want kids, that 18k for charity and alumni donations is the true waste of money.

>> No.13125726

>>13125607
>you're

>> No.13125797

>>13125726
That's a mistake not even I would make (I've learned English on YouTube and Google translate), but Americans do that all the time

>> No.13125829

>>13125726
>>13125797
It was for humorous effect
Lurk more newfriends

>> No.13125881

>>13125607
>$5000 a month mortgage

>> No.13125894

>childcare (2 children): $42,000
hire a third-world live in nanny for $20,000
>food for four (includes date nights every 2 weeks) : $23,000
Assuming 'date night' is $200, then after deducting $400 monthly they're still spending $1,500/month on FOOD... wtf?? Food is subject to economies of scale - each marginal mouth costs less to feed than the last. They can easily subsist on $12,000 a month and cut 'date nights' down to $150 every two weeks, for $15,600 total
>three vacations a year: $18,000
three vacations a year? no wonder these boomers feel poor. This could effectively be cut down to ZERO, but let's assume that they still NEED one vacation a year, or $6,000 worth, saving $12,000
>Car Payment (BMW 5 Series, Toyota Land Cruiser): $9,600
Why don't their high-power jobs provide company cars? Why did they get two cars on finance anyway? This is nonsense; either sell the cars or pay them off completely. No more payments!
>Charity (Feed the Children, College Alumni): $18,000
Not too familiar with how charitable contributions and tax work together in the US, but surely if they had donated to lessen their tax burden then this would come out of their pre-tax income, not post-tax? Donating to charity from post-tax income is for idiots. Here we save $18,000 easily
>Undergrad and Graduate student loan debt (10-20 years): $32,000
They pay $32,000 a year in student loan repayments? wtf this can't be serious but whatever
>Miscellaneous (something always comes up): $10,000
This is bullshit. Extraordinary expenses should come out of an emergency fund or credit. Providing for misc. expenses ahead of time creates a mental account that is always emptied before the year is done. Eliminate this and we save $10k.

TOTAL SAVING: $79,000 + $7,300 = $86,300
This money can then be put into a fund (note how their budget only accounted for government/employee-mandated funds, not individual funds, not even an IRA)

skipped mortgage and property tax as that's more of a long-term problem

>> No.13125895

>>13125829
I know man, Americans love writing wrong (as we do in portuguese)
It's 4chan, you gotta be used to be offended for no reason pal

>> No.13125923

>>13125640
that's a meme, you get audited for that.
plus i am self-employed but my overheads and expenses are so low because i'm cheap and i literally scrounge to find anything to write off

>> No.13125927

>3 vacations a year
>BMW x5
>land cruiser (most expensive toyota possible)
>18k on charity (this should be tax deductible)
>buying a 1.5mil home when you have a 30k student loan payment
>40% tax

Why dont they hire an accountant?


Why?

>> No.13125950

It's really amazing that you can make 500k a year and be a complete retard. I can live one year just on their "miscellaneous" spending. 10k on clothing? Fucking really?

>> No.13125968

>>13125607
>Charity 18k
wtf
>clothes 9.5k
way too much, maybe 500$ for each child and at most 2k for each adult.
>children's lessons 12k
children should play outside, shouldn't spend that much outside of private schooling.
>childcare 42k
pay some jobless relative to take care of them for a fraction of that price.
>food 23k
Are all family members hardcore powerlifters ?

>> No.13125983

>$500,000 a year and paying interest

how can you be so smart in one way but so dumb in another?

>> No.13126075

>>13125721
>>13125679
>>13125671
>kids are a waste of money
look at these evolutionary failures kek
enjoy being 60 and having no family

>> No.13126097

You just know it's the wife who instigates most of this.

>> No.13126174

>>13126097
You are most likely correct anon. If the husband lived by himself he would be filthy loaded right now.

>> No.13126213

>>13125950
This, I "treated myself" to two pairs of new shoes from target for $70 last night (the $90 "red wings" I bought like 9 years ago got fucked up because I was running a dog with them like a retard) and that's the most I've spent on clothes in several years. I don't care how much money I make you'll never catch me throwing away more than a couple hundred bucks a year on clothes. Maybe a one time advance payment of a few thousand bucks to get clothes that leave a specific impression for potential business meetings and formal occasions etc.

>> No.13126237

a lot of retarded financial decisions. particularly the charity. you are paying half your fucking money in taxes, that's charity enough

If I ever make this much money it will be in capital gains. No fucking way I'll pay taxes like that, I'd give up my American citizenship in a heartbeat.

>> No.13126238
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13126238

>>13125607
LOL compare their budget to mine

no rent (live in my car)
no car payment ($50 month insurance)
no vacations because life is a vacation
$33 phone bill per month

SUCK IT WAGE KEKS

>> No.13126249

>>13125674

Spot on.

> dave Ramsey was right all along...

>> No.13126317

>>13125699
Owned by Jews.

>> No.13126346

>>13125607
>18k for charities
>18k vacations
>12k piano lessons
>average

>> No.13126364

>>13125607
>charity

>> No.13126376

>>13125894
>three vacations a year: $18,000
holy shit I didn't catch that

in portugal you could live with $18k for 2 years kek

>> No.13126391
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13126391

>>13125607
imagine being this financially illiterate after 16 years in the american education system

>> No.13126402

>>13125607
>childcare
How old are these kids? Also, how much time are you spending away from home that you need to shell out 21k per child? Anyway, it's an expense that will go away once the kids are in their teens.

>food for four
They're spending 100 USD per week per person on food, which is insane. I suspect it's all those date nights, which are probably wildly overpriced.

>three vacations a year
Just cut it down to two.

>charity
Fuck Feed The Children. Also fuck donating to your alma mater unless it's an Ivy League in which case it's a good idea since it might help your kids get in via legacy admissions.

>student loan debt
Why did they not try to pay this down a bit more before having two kids?


A lot of the costs are just part of living in an expensive area, which I can accept, but some of it is just stupidity.

>> No.13126417

>>13125644
that's what i can never understand about america. i lived/worked in a foreign country for many years and my combined tax rate there was essentially the same as my state + federal is back here in the usa. obviously a 40% tax rate is cucked no matter where you are on earth, but at least when i was working abroad social services across the board were of a higher standard than in states. not to mention that americans making more than ~125k abroad are still subject to paying income tax regardless of not residing in the fucking country.

>> No.13126429

>>13126417
Those 40% tax rate countries probably don't have 37 million blacks and 50 million hispanics.

>> No.13126430

>>13125607
>clothes included in budget
>10k - no fancy clothes
>18k on charity
>18k on holidays
what exactly constitutes 'fancy clothes' to these people? Hand tailored Milanese four piece suits? For 10k you could easily put together a designer wardrobe to last years.

>> No.13126434

>>13125607
>40% tax
>commies will defend this

>> No.13126452

>>13125607
>Effectively 80k pre-tax on childcare
Have your wife stay home for fuck's sake, her job is a net LOSS.

>literally giving away almost 3x what you save up in a year
Good goys

>> No.13126455

>>13126430
The fact that it specifically states "no fancy bags, shoes, or threads" makes me suspect that there are in fact fancy bags, shoes, and threads. They just don't happen to be as fancy in the eyes of the wife as they ought to be.

>> No.13126476
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13126476

>>13126452
Sorry sweetie but women are empowered now
If women didnt work how else would wages be suppressed by massive surplus labor? Massive immigration?

>> No.13126597
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13126597

>18k charity

>> No.13126688

I bet their christcucks spending 18k on charity, my god the 40% tax should be enough charity for niggers

>> No.13126731

>>13125640
Enjoy getting an IRS audit, dummy

>> No.13126741

>>13125607
>2500 bucks of clothes per person per year
>"notfancy"
>1000 bucks a month for children's lessons
>18 000 on vacations every fucking year
>250 bucks of gas/month per car
>18 000 in fucking charity

Also how the fuck do you pay 42k in childcare a year? Can someone explain it to me? Are these fancy american schools where everyone is rich?

>> No.13126742

>>13125881
Pretty much a cuckshed in the Bay Area

>> No.13126749

wait you guys don't pay 18k a year to charities?

>> No.13126795

this is how ut went down in the think tank for this shit:
>okay we gotta find stuff to deduct so they'll end up with no money at the end of the year but we've literally written all we could
>uh... idk fucking charities?
>Great idea! how much does the average family pay to charities?
>well, I'm paying a good part since I care about the future of black trans kids
>of course, me too, so like $500?
>well I pay more than that since I really care
>yea me too, I pay way more, I really care about them and pay $50k a year
>yes..hehe *wipes sweaty forehead* so the average in Americs should be $20k I guess?

>> No.13126856

>>13126741
Daycare is expensive as fuck and charges per-kid. If you're paying them 20/hour for 10 hours a day (your commute plus work), that's 1,000 per work week so 12,000 per month for 3 kids so 144k per year. Since some of their kids are in school (but might need daycare for work trips or weekends) it averages out to about 1/3 of that.

>> No.13127348

>>13126749
I only pay $16k a year to charities, I've been slacking off :(

>> No.13127451

>>13125712
lmao this

>> No.13127465

>charity
well there's your fucking problem

>> No.13127485

>>13126075
Enjoy being 60 and having no family that cares and puts you into ones of these old people places where niggers torture you.

>> No.13127491

>>13125712
Probably included as salary but didn’t want to make it look like it was free for them.

>> No.13127759

>>13126075
Jokes on you, I’m going to Plan S before I turn 60

>> No.13127764

>>13126731
>>13125923
You were audited for this? I’ve been self employed for 10 years and never had any problems.

>> No.13127802
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13127802

>>13126391
really a cohencedence

>> No.13127812

>>13125607
>People is just ok with the state literally stealing have of their salary.
>still no public healthcare
>no good public infrastructures
>no border wall

Those confiscatory taxes are exclusively to pay for welfare niggers and wars and aid for Israel.

>> No.13127845

>>13125829
"It's okay guys, I was only pretending to be retarded!"

>> No.13127863

>>13127812
more likely taxes are (let's be too generous) just enough to pay back the interest rate on debt
for welfare niggers that requires another loan, which is going to be paid by further taxe hikes
land of the free

>> No.13127904

>>13126429
This

>> No.13128003

pretty sure the charity expense is to reduce their tax obligation.

>> No.13128017

>>13126429
Somebody gets it. There's a graph floating around somewhere that shows the lifetime net contribution of whites, blacks, and Hispanics. The whites are positive a few hundred grand but I'll let you guess what the statistics show for the others. Of course Europe is filling itself up with Africans as fast as it can so they'll be in the same shape sooner or later.

>> No.13128055
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13128055

>>13125607
>$1.5 million house
>three vacations a year
>fucking date night
>feeling average