Election predictions

What'dyabringmetoday???

Well-Known Member
It’s going to be a Biden landslide. Biden is rated as far more likeable than Trump, as opposed to in 2016 where Trump was rated as far more likable that Clinton. This accounted for the entire 1%ish difference between polls and results-which is why in 2016 I predicted a narrow victory for Trump. It was what the data indicated was likely.
Thank you.
 

vantexan

Well-Known Member
As a moderate conservative, I find it suspect that after 47 years in political office his opponents wait until the week before the election to make their claims of corruption.
Actually there was a book put out in 2019, forget the author's name, that brought up the issue of Hunter Biden's private equity firm getting a $1.5 billion dollar deal with a Chinese government owned bank, in spite of no experience, after he flew to China with his vice-president father on Air Force 2. Been known for quite awhile but as usual the liberal press ignored it.
 

vantexan

Well-Known Member
Actually there was a book put out in 2019, forget the author's name, that brought up the issue of Hunter Biden's private equity firm getting a $1.5 billion dollar deal with a Chinese government owned bank, in spite of no experience, after he flew to China with his vice-president father on Air Force 2. Been known for quite awhile but as usual the liberal press ignored it.
"Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends" by Peter Schweizer March, 2019.
 

Non sequitur

Well-Known Member
I'm sorry but your line of thinking may be "fair" minded but it's not how things work.
Tax strategies are implemented by anyone who values their time.

If you work at let's say UPS, and your at top scale, $39/hr., and you choose or are forced to work 60 hours a week. Do you: 1.) Just pay your tax even though you basically worked for the government your last 10 hours of overtime. 2.) Max out your 401k to lower your tax until you're in a lower bracket. 3.) Invest in real estate for quality of life or rental income. Then using whatever tax benefits real estate offers. 4.) Wrap any capital you have accrued in a trust so that you can give said assets to your posterity.

Maybe it would be worth it for you to speak with a good accountant.

When someone is killing it financially, their gain is usually at the cost of their time. Don't be jealous unless you're willing to sacrifice the same as they do.
 

zimbomb

Well-Known Member
I'm sorry but your line of thinking may be "fair" minded but it's not how things work.
Tax strategies are implemented by anyone who values their time.

If you work at let's say UPS, and your at top scale, $39/hr., and you choose or are forced to work 60 hours a week. Do you: 1.) Just pay your tax even though you basically worked for the government your last 10 hours of overtime. 2.) Max out your 401k to lower your tax until you're in a lower bracket. 3.) Invest in real estate for quality of life or rental income. Then using whatever tax benefits real estate offers. 4.) Wrap any capital you have accrued in a trust so that you can give said assets to your posterity.

Maybe it would be worth it for you to speak with a good accountant.

When someone is killing it financially, their gain is usually at the cost of their time. Don't be jealous unless you're willing to sacrifice the same as they do.
What are you trying to say? Anyway thanks for the prefectly reasonable middle class free financial advice.
 

It will be fine

Well-Known Member
I'm sorry but your line of thinking may be "fair" minded but it's not how things work.
Tax strategies are implemented by anyone who values their time.

If you work at let's say UPS, and your at top scale, $39/hr., and you choose or are forced to work 60 hours a week. Do you: 1.) Just pay your tax even though you basically worked for the government your last 10 hours of overtime. 2.) Max out your 401k to lower your tax until you're in a lower bracket. 3.) Invest in real estate for quality of life or rental income. Then using whatever tax benefits real estate offers. 4.) Wrap any capital you have accrued in a trust so that you can give said assets to your posterity.

Maybe it would be worth it for you to speak with a good accountant.

When someone is killing it financially, their gain is usually at the cost of their time. Don't be jealous unless you're willing to sacrifice the same as they do.
How do you think working overtime is working for the government? That’s not how tax brackets work. I’d avoid commenting on taxes if your understanding of the basics is that far off.
 

bottomups

Bad Moon Risen'
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Non sequitur

Well-Known Member
So us working stiffs need to hear financial advice, or lack of it from a retired and well off pensioner and from a FedEx contractor.
Men of the people.

You help no one and your pandering is obvious.
 

It will be fine

Well-Known Member
So us working stiffs need to hear financial advice, or lack of it from a retired and well off pensioner and from a FedEx contractor.
Men of the people.

You help no one and your pandering is obvious.
Spreading bad information with no understanding of tax brackets does not help anyone. Your misinformation could lead someone to work less overtime because they wrongly believe it’s taxed more. It’s best to correct bad information when possible.
 

Non sequitur

Well-Known Member
Spreading bad information with no understanding of tax brackets does not help anyone. Your misinformation could lead someone to work less overtime because they wrongly believe it’s taxed more. It’s best to correct bad information when possible.
So I guess you chose option one. If you have anything to add in terms of tax strategy you would be helping the little guy out wouldn't you?
 

It will be fine

Well-Known Member
So I guess you chose option one. If you have anything to add in terms of tax strategy you would be helping the little guy out wouldn't you?
I’m not offering any advice. I’m correcting the bad information you are spreading. I’ve found most people don’t understand income taxes and have the common misconception you’ve displayed. It’s worth correcting to help the little guy.
 
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