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Tax on ultra wealthy
Comments
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Here I thought @Weiser was door.ass.out. years ago2001400ex 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.Sledog said:
Really what are the rates know it all? Everything I said is true. I'm not a lying turd like you.2001400ex said:
Sledog said 6.2% social security which is impossible. He made the shit up.UW_Doog_Bot said:
Jesus, if you really are an accountant you've gotta be the worst fucking one that I've ever talked to. I already gave you a very reasonable and easy explanation. Yes, withholding can be higher than the effective rate on bonuses for a variety of reasons. I've had it happen, was pissed, and had to go get an explanation of why it happened.2001400ex said:
Now I know you just completely made that story up. You just outed yourself dumbfuck.Sledog said:
Oh and how do you figure that?HHusky said:
Either an apocryphal tale or there’s a piece of information missing.Sledog said:Guy I know just got a bonus check for 100k in Cali. His check after taxes was 41,300.00 The government's shouldn't get more than the worker. Ever.
37% federal, 13% state, 1.45% Medicare , 1% disability, 6.2% social security.
58.65%
That's fucking Kalifornia and the feds.
To be in the 37% tax bracket, your income has to be over $400k. And social security ends under $130k.
But remember, sledog is not known as a liar.
Also, are we really arguing over if something along 49% vs. 58% makes it too much? Both are too fucking much. Fucking Christ, the colonists revolted over less than 5% of their income going to taxes.
Well I'd say if you don't want to pay 49% don't live in California. That's 10-13% top rate or whatever. Fuck that. In Washington, it would be about 40%. Unless the income is derived from capital gains. Then it's 20%.
Seriously. The person that gets screwed for taxes in this country is the person making $200k to $500k a year from a wage.
I could provide proof but you'll have to pay if I do. Say $1000.00? More?
Don't take the bet, he's free-rolling you. -
So what is your game/explanation then?Sledog said:
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.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.2001400ex said:
He said he'll be in Spokane on Thursday.HHusky said:
Well, keep us posted.Sledog said:
Can't back up your mouth. Expected. Hondo will bail out any minute.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.Sledog said:
No bet HH? Who's the retard if you're turning down a sure win?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.
California’s income tax doesn’t explain a 59% withholding from a bonus.
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No but it's 13%. 37% fed so there's 50%. Add in the rest. The math isn't hard. But I'll take Hondo's money add yours if your playing.. I never claimed 59%. 58 and change.HHusky said:
So what is your game/explanation then?Sledog said:
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.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.2001400ex said:
He said he'll be in Spokane on Thursday.HHusky said:
Well, keep us posted.Sledog said:
Can't back up your mouth. Expected. Hondo will bail out any minute.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.Sledog said:
No bet HH? Who's the retard if you're turning down a sure win?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.
California’s income tax doesn’t explain a 59% withholding from a bonus. -
Holding a pat hand.pawz said:
Here I thought @Weiser was door.ass.out. years ago2001400ex 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.Sledog said:
Really what are the rates know it all? Everything I said is true. I'm not a lying turd like you.2001400ex said:
Sledog said 6.2% social security which is impossible. He made the shit up.UW_Doog_Bot said:
Jesus, if you really are an accountant you've gotta be the worst fucking one that I've ever talked to. I already gave you a very reasonable and easy explanation. Yes, withholding can be higher than the effective rate on bonuses for a variety of reasons. I've had it happen, was pissed, and had to go get an explanation of why it happened.2001400ex said:
Now I know you just completely made that story up. You just outed yourself dumbfuck.Sledog said:
Oh and how do you figure that?HHusky said:
Either an apocryphal tale or there’s a piece of information missing.Sledog said:Guy I know just got a bonus check for 100k in Cali. His check after taxes was 41,300.00 The government's shouldn't get more than the worker. Ever.
37% federal, 13% state, 1.45% Medicare , 1% disability, 6.2% social security.
58.65%
That's fucking Kalifornia and the feds.
To be in the 37% tax bracket, your income has to be over $400k. And social security ends under $130k.
But remember, sledog is not known as a liar.
Also, are we really arguing over if something along 49% vs. 58% makes it too much? Both are too fucking much. Fucking Christ, the colonists revolted over less than 5% of their income going to taxes.
Well I'd say if you don't want to pay 49% don't live in California. That's 10-13% top rate or whatever. Fuck that. In Washington, it would be about 40%. Unless the income is derived from capital gains. Then it's 20%.
Seriously. The person that gets screwed for taxes in this country is the person making $200k to $500k a year from a wage.
I could provide proof but you'll have to pay if I do. Say $1000.00? More?
Don't take the bet, he's free-rolling you. -
And you are claiming the Feds required this level of withholding. Or are you?Sledog said:
No but it's 13%. 37% fed so there's 50%. Add in the rest. The math isn't hard. But I'll take Hondo's money add yours if your playing.. I never claimed 59%. 58 and change.HHusky said:
So what is your game/explanation then?Sledog said:
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.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.2001400ex said:
He said he'll be in Spokane on Thursday.HHusky said:
Well, keep us posted.Sledog said:
Can't back up your mouth. Expected. Hondo will bail out any minute.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.Sledog said:
No bet HH? Who's the retard if you're turning down a sure win?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.
California’s income tax doesn’t explain a 59% withholding from a bonus. -
Cat got your tongue?HHusky said:
And you are claiming the Feds required this level of withholding. Or are you?Sledog said:
No but it's 13%. 37% fed so there's 50%. Add in the rest. The math isn't hard. But I'll take Hondo's money add yours if your playing.. I never claimed 59%. 58 and change.HHusky said:
So what is your game/explanation then?Sledog said:
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.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.2001400ex said:
He said he'll be in Spokane on Thursday.HHusky said:
Well, keep us posted.Sledog said:
Can't back up your mouth. Expected. Hondo will bail out any minute.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.Sledog said:
No bet HH? Who's the retard if you're turning down a sure win?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.
California’s income tax doesn’t explain a 59% withholding from a bonus. -
Fed withholding on a bonus is 22%. The story is bullshit.Sledog said:
No but it's 13%. 37% fed so there's 50%. Add in the rest. The math isn't hard. But I'll take Hondo's money add yours if your playing.. I never claimed 59%. 58 and change.HHusky said:
So what is your game/explanation then?Sledog said:
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.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.2001400ex said:
He said he'll be in Spokane on Thursday.HHusky said:
Well, keep us posted.Sledog said:
Can't back up your mouth. Expected. Hondo will bail out any minute.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.Sledog said:
No bet HH? Who's the retard if you're turning down a sure win?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.
California’s income tax doesn’t explain a 59% withholding from a bonus. -
I said earlier it was my mistake it was not a bonus. Look way back.GDS said:
Fed withholding on a bonus is 22%. The story is bullshit.Sledog said:
No but it's 13%. 37% fed so there's 50%. Add in the rest. The math isn't hard. But I'll take Hondo's money add yours if your playing.. I never claimed 59%. 58 and change.HHusky said:
So what is your game/explanation then?Sledog said:
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.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.2001400ex said:
He said he'll be in Spokane on Thursday.HHusky said:
Well, keep us posted.Sledog said:
Can't back up your mouth. Expected. Hondo will bail out any minute.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.Sledog said:
No bet HH? Who's the retard if you're turning down a sure win?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.
California’s income tax doesn’t explain a 59% withholding from a bonus. -
Then they withhold essentially whatever you tell them to withhold. I mess around with my withholdings throughout the year. I could absolutely get a check with anywhere from 25% to effectively all of it withheld depending on what I wanted at the time. That doesn’t really mean anything.Sledog said:
I said earlier it was my mistake it was not a bonus. Look way back.GDS said:
Fed withholding on a bonus is 22%. The story is bullshit.Sledog said:
No but it's 13%. 37% fed so there's 50%. Add in the rest. The math isn't hard. But I'll take Hondo's money add yours if your playing.. I never claimed 59%. 58 and change.HHusky said:
So what is your game/explanation then?Sledog said:
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.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.2001400ex said:
He said he'll be in Spokane on Thursday.HHusky said:
Well, keep us posted.Sledog said:
Can't back up your mouth. Expected. Hondo will bail out any minute.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.Sledog said:
No bet HH? Who's the retard if you're turning down a sure win?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.
California’s income tax doesn’t explain a 59% withholding from a bonus. -
Sled is full of shit. Regardless.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.2001400ex said:
He said he'll be in Spokane on Thursday.HHusky said:
Well, keep us posted.Sledog said:
Can't back up your mouth. Expected. Hondo will bail out any minute.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.Sledog said:
No bet HH? Who's the retard if you're turning down a sure win?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.
