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View Poll Results: What's your annual income? | |||
under 30k | 29 | 8.01% | |
30k-40k | 22 | 6.08% | |
40k-50k | 27 | 7.46% | |
50k-60k | 27 | 7.46% | |
60k-70k | 38 | 10.50% | |
70k-80k | 41 | 11.33% | |
80k-100k | 50 | 13.81% | |
100k-150k | 66 | 18.23% | |
150k-250k | 33 | 9.12% | |
over 250k | 29 | 8.01% | |
Voters: 362. You may not vote on this poll |
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11-08-2007, 02:43 PM | #67 |
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For me my car is more than just a means of transportation its a big part of my life. Instead of goin to the bar or somethin else on a saturday night I may just go out for a cruise wit my buddies for $10 in gas. So to me at least it makes sense to spend a lil more on a car.
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11-08-2007, 02:58 PM | #68 | |
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If taxable income is over-- But not over-- The tax is: $0 $7,550 10% of the amount over $0 $7,550 $30,650 $755 plus 15% of the amount over 7,550 $30,650 $74,200 $4,220.00 plus 25% of the amount over 30,650 $74,200 $154,800 $15,107.50 plus 28% of the amount over 74,200 $154,800 $336,550 $37,675.50 plus 33% of the amount over 154,800 $336,550 no limit $97,653.00 plus 35% of the amount over 336,550 This doesn't count for state income taxes (in all but a few states) and it doesn't take into account the alternative minimum tax which is often higher when you make around $125,000 or more. Rates for married couples follow a similar path with higher limits (google tax rates for exact numbers). |
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11-08-2007, 02:59 PM | #69 |
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Certainly. But with the mentality of credit dominating life, some dont see the 30,000 being invested immediately. FWIW, I do not agree with this mentality.
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11-08-2007, 04:12 PM | #71 |
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Drives: e46 330ci, e92 335i, 2008 128i
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Location: virgo supercluster bwo Pennsylvania.
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11-08-2007, 04:58 PM | #73 | |
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11-08-2007, 05:01 PM | #74 | |
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11-08-2007, 05:04 PM | #75 |
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except for the ring, i got her for free! wheres the best place to buy one nowadays?
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11-08-2007, 05:08 PM | #76 |
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60 is the new 40.....besides, you Finnish folks eat alot of omega 3s and bathe in those great hot springs.....youll never be 'old and tired'......youll live to be 120....of course youll have to eat dog food and pull your teeth out with pliers.....but hey, you had a beeeeeeeeeemer when you were 24....
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11-08-2007, 05:15 PM | #80 | |
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LMFAO ........AMEN........ ramen noodles.....quick, easy, and only $.15
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11-08-2007, 05:21 PM | #82 | |
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buying a car that is disproportionate to your income, regardless of monthly costs, results in the purchaser foregoing other important avenues to channel $.....retirement savings, cash funds et al.....
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11-08-2007, 05:23 PM | #83 |
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Really? AFAIK it's based upon income. If you exceed the threshold (which hasn't been indexed for inflation and is now catching those in the upper-middle income brackets) you recompute your taxes after removing certain deductions then you pay the higher amount of the 2 calculations.
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11-08-2007, 05:23 PM | #84 | |
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oh, and could you please clarify what you meant by volume ?....I wasnt SHOUTING in my posts....did you mean frequency or words per post?
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11-08-2007, 05:26 PM | #85 |
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11-08-2007, 05:29 PM | #86 | |
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11-08-2007, 05:31 PM | #87 |
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Opportunity cost is present in anything you do with your money. Also, there are no rules to say that you can not purchase a new car while investing. The only way that you have to do one or the other is if you throw all 30 grand out the window at once. That does not have to be the case.
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11-08-2007, 05:56 PM | #88 |
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No the AMT is not automatic, but once you exceed a certain threshold income (and the thresholds are fairly low) the taxpayer needs to compute their taxes using both the standard method and the AMT method (which removes many deductions). If the AMT amount is higher then you pay that amount. In general the AMT is triggered if you have a lot of deductions.
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