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Tax on ultra wealthy

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Comments

  • SledogSledog Member Posts: 35,580 Standard Supporter
    HHusky said:

    Just trying to reconcile alleged facts with reality. I’m also willing to believe the alleged facts were simply lies.
    I'm taking bets bitch! How much shall I put you down for?
  • SledogSledog Member Posts: 35,580 Standard Supporter


    Hello? McFlys?
  • 2001400ex2001400ex Member Posts: 29,457
    Sledog said:

    Really what are the rates know it all? Everything I said is true. I'm not a lying turd like you.

    I could provide proof but you'll have to pay if I do. Say $1000.00? More?
    I'll bet you $1,000 you didn't see a check for a $100,000 bonus with 6.2% social security withheld. Unless the check was in January, that's literally impossible.
  • SledogSledog Member Posts: 35,580 Standard Supporter
    edited June 2019
    2001400ex said:

    I'll bet you $1,000 you didn't see a check for a $100,000 bonus with 6.2% social security withheld. Unless the check was in January, that's literally impossible.
    Check was very recent. OK where we meeting. Bring cash. Show cash and I'll show you my proof. You're in Spokane right? Tomorrow? I'll have cash. Unless my math is wrong $6,200.00 is 6.2% of 100,000.00.

    You bringing HH? I can cover a lot more than a grand.
  • HHuskyHHusky Member Posts: 22,498
    edited June 2019
    Whatever was withheld , your pal wasn’t taxed at 59% on it. To say otherwise is retarded. I’m not going to take your money, Mall Cop.
  • PurpleThrobberPurpleThrobber Member Posts: 46,205 Standard Supporter
    2001400ex said:

    I'll bet you $1,000 you didn't see a check for a $100,000 bonus with 6.2% social security withheld. Unless the check was in January, that's literally impossible.
    If his base was maybe $5K per month for Jan through May, it's possible to get a $100K check in June and still be under the $132,900 threshold for FICA withholding.

    Not very likely - but definitely not 'literally impossible'....which, by the way, you should check yo'self on the use of 'literally' without absolute certainty.

    #syntaxsuperiorityguy

    Also, if he's following the withholding tables, he'll get figuratively fucked on the Fed Tax Withheld as that is based on an annualized as if he was getting that amount monthly or bi-weekly. Dude should have been in giving the payroll clerk his big salomi and axing her to override the withholding amount one time.



  • SledogSledog Member Posts: 35,580 Standard Supporter
    HHusky said:

    Whatever was withheld , your pal wasn’t taxed at 59% on it. To say otherwise is retarded. I’m not going to take your money, Mall Cop.

    No bet HH? Who's the retard if you're turning down a sure win?
  • 2001400ex2001400ex Member Posts: 29,457
    Sledog said:

    Check was very recent. OK where we meeting. Bring cash. Show cash and I'll show you my proof. You're in Spokane right? Tomorrow? I'll have cash. Unless my math is wrong $6,200.00 is 6.2% of 100,000.00.

    You bringing HH? I can cover a lot more than a grand.
    I'm in Vermont at the moment. But yes, bring the check and stub to Spokane on Thursday. I'll be there.
  • 2001400ex2001400ex Member Posts: 29,457


    If his base was maybe $5K per month for Jan through May, it's possible to get a $100K check in June and still be under the $132,900 threshold for FICA withholding.

    Not very likely - but definitely not 'literally impossible'....which, by the way, you should check yo'self on the use of 'literally' without absolute certainty.

    #syntaxsuperiorityguy

    Also, if he's following the withholding tables, he'll get figuratively fucked on the Fed Tax Withheld as that is based on an annualized as if he was getting that amount monthly or bi-weekly. Dude should have been in giving the payroll clerk his big salomi and axing her to override the withholding amount one time.



    Yes you are correct. But what person do you know makes $60k a year and gets a bonus in June for $100k? You could say a small business owner with a C Corp election. But then you wouldn't bonus yourself, you'd do a distribution and no taxes would be withheld. Or if they were withheld. They wouldn't be employment taxes. That's the whole point of the c Corp election.
  • SledogSledog Member Posts: 35,580 Standard Supporter
    2001400ex said:

    I'm in Vermont at the moment. But yes, bring the check and stub to Spokane on Thursday. I'll be there.
    I'll bring a pic and I'm too old to photo shop. Bring cash.
  • HHuskyHHusky Member Posts: 22,498
    Sledog said:

    No bet HH? Who's the retard if you're turning down a sure win?
    I guess if your pal figured out how to pay $59,000 tax on $100,000 of income, I must be the retard.
  • SledogSledog Member Posts: 35,580 Standard Supporter
    HHusky said:

    I guess if your pal figured out how to pay $59,000 tax on $100,000 of income, I must be the retard.
    Can't back up your mouth. Expected. Hondo will bail out any minute.
  • HHuskyHHusky Member Posts: 22,498
    Sledog said:

    Can't back up your mouth. Expected. Hondo will bail out any minute.
    Well, keep us posted.
  • 2001400ex2001400ex Member Posts: 29,457
    HHusky said:

    Well, keep us posted.
    He said he'll be in Spokane on Thursday.
  • SledogSledog Member Posts: 35,580 Standard Supporter
    2001400ex said:

    He said he'll be in Spokane on Thursday.
    Third person? OK lets get it done.
  • KaepskneeKaepsknee Member Posts: 14,896
    2001400ex said:

    I'm in Vermont at the moment. But yes, bring the check and stub to Spokane on Thursday. I'll be there.
    Bad news. Going to the Mall to pick up some cheap cologne at the Burlington coat factory doesn’t mean you’re in Vermont.
  • HHuskyHHusky Member Posts: 22,498
    2001400ex said:

    He said he'll be in Spokane on Thursday.
    Suppose he has what he claims. Sled’s whole deal is that the government took 59%. But the withholding is done by his pal’s employer, and employers will withhold more if asked. If Sled has the goods, that’s the explanation, I suspect.
  • SledogSledog Member Posts: 35,580 Standard Supporter
    edited June 2019
    HHusky said:

    Suppose he has what he claims. Sled’s whole deal is that the government took 59%. But the withholding is done by his pal’s employer, and employers will withhold more if asked. If Sled has the goods, that’s the explanation, I suspect.
    Who'd lie about this? The person paid did not ask for extra withholding either. I'm putting my money where my mouth is. I'm not a liar nor do I fabricate Bullshit stories.
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