Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The Lounge > D.C.
Reload this Page General Politics Keynesian Job Program / Stimulus Plan
Register FAQDonate Members List Calendar Mark Forums Read

Reply
Page 5 of 8 1234 5 678
 
Thread Tools Display Modes
Old 02-03-2012, 09:27 PM  
Taco John Taco John is offline
12on Paul
 
Taco John's Avatar
 
Join Date: Jun 2001
Casino cash: $10084482
Keynesian Job Program / Stimulus Plan
Posts: 49,357
Taco John Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Taco John Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Taco John Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Taco John Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Taco John Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Taco John Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Taco John Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Taco John Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Taco John Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Taco John Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Taco John Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
   Reply With Quote
Old 02-01-2013, 09:39 AM   #61
Taco John Taco John is offline
12on Paul
 
Taco John's Avatar
 

Join Date: Jun 2001
Casino cash: $10084482
Quote:
Originally Posted by La literatura View Post
****ing United States government. We'd have a utopia if it wasn't for that damn thing.

I can meet your hysterical hyperbole all day. What's next?

Clearly you can't. Your sauce is weak.
__________________
Ehyeh asher ehyeh.
Posts: 49,357
Taco John Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Taco John Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Taco John Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Taco John Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Taco John Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Taco John Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Taco John Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Taco John Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Taco John Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Taco John Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Taco John Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
   Reply With Quote
Old 02-01-2013, 09:47 AM   #62
La literatura La literatura is offline
MVP
 
La literatura's Avatar
 

Join Date: Nov 2011
Casino cash: $50809
Quote:
Originally Posted by Taco John View Post
Clearly you can't. Your sauce is weak.
Do you put the maximum amount of savings into a Roth IRA each year? Do you know it was raised for 2013?
Posts: 7,171
La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.
   Reply With Quote
Old 02-01-2013, 11:22 PM   #63
listopencil listopencil is online now
sic semper tyrannis
 
listopencil's Avatar
 

Join Date: Oct 2002
Location: :: In Partibus Infidelium
Casino cash: $1081382
Quote:
Originally Posted by La literatura View Post
Do you put $5000 each year into a Roth IRA? It's tax deductible, can be tax-free when matured, and is a perfect example of a "loophole" that incentivizes people to build a nest egg for their retirement.
Imagine if you could save as much of your income as you wanted to without being taxed on it. You know, because you're the one who made the money. And then imagine if you could put aside a substantial amount because you knew that you could take it back out without a "penalty" if something unexpected happened, or if you had a large purchase that you wanted to save for.
__________________
I am my own God. We are here to unlearn the teachings of the church, state, and our educational system.
We are here to drink beer. We are here to kill war. We are here to laugh at the odds and live our lives so well that Death will tremble to take us.
Posts: 21,148
listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.
   Reply With Quote
Old 02-02-2013, 01:04 PM   #64
La literatura La literatura is offline
MVP
 
La literatura's Avatar
 

Join Date: Nov 2011
Casino cash: $50809
Quote:
Originally Posted by listopencil View Post
Imagine if you could save as much of your income as you wanted to without being taxed on it. You know, because you're the one who made the money. And then imagine if you could put aside a substantial amount because you knew that you could take it back out without a "penalty" if something unexpected happened, or if you had a large purchase that you wanted to save for.
Do you put $5000 each year into a Roth IRA?
Posts: 7,171
La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.
   Reply With Quote
Old 02-02-2013, 05:32 PM   #65
listopencil listopencil is online now
sic semper tyrannis
 
listopencil's Avatar
 

Join Date: Oct 2002
Location: :: In Partibus Infidelium
Casino cash: $1081382
Quote:
Originally Posted by La literatura View Post
Do you put $5000 each year into a Roth IRA?
No, I'd rather not be taxed on money that I put into an IRA.
__________________
I am my own God. We are here to unlearn the teachings of the church, state, and our educational system.
We are here to drink beer. We are here to kill war. We are here to laugh at the odds and live our lives so well that Death will tremble to take us.
Posts: 21,148
listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.
   Reply With Quote
Old 02-02-2013, 08:44 PM   #66
La literatura La literatura is offline
MVP
 
La literatura's Avatar
 

Join Date: Nov 2011
Casino cash: $50809
Quote:
Originally Posted by listopencil View Post
No, I'd rather not be taxed on money that I put into an IRA.
It isn't taxed. Putting $5K into a Roth IRA each year not only gets you a deduction, but it also is untaxed when you withdraw it after you retire.
Posts: 7,171
La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.
   Reply With Quote
Old 02-02-2013, 09:01 PM   #67
Comrade Crapski Comrade Crapski is offline
Veteran
 
Comrade Crapski's Avatar
 

Join Date: Mar 2012
Casino cash: $19697
Quote:
Originally Posted by La literatura View Post
Do you put the maximum amount of savings into a Roth IRA each year? Do you know it was raised for 2013?
You don't even work.
__________________
I'm feeling good from my head to my shoes! Know where I'm going and I know what to do! Doo doo doo doo doo! I got a new attitude!

http://www.youtube.com/watch?v=QWfZ5SZZ4xE
Posts: 2,708
Comrade Crapski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Comrade Crapski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Comrade Crapski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Comrade Crapski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Comrade Crapski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Comrade Crapski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Comrade Crapski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Comrade Crapski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Comrade Crapski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Comrade Crapski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Comrade Crapski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
   Reply With Quote
Old 02-02-2013, 09:15 PM   #68
listopencil listopencil is online now
sic semper tyrannis
 
listopencil's Avatar
 

Join Date: Oct 2002
Location: :: In Partibus Infidelium
Casino cash: $1081382
Quote:
Originally Posted by La literatura View Post
It isn't taxed. Putting $5K into a Roth IRA each year not only gets you a deduction, but it also is untaxed when you withdraw it after you retire.
From what I understand, deposits into a Roth IRA are taxed. Traditional IRA's are taxed upon withdrawal.
__________________
I am my own God. We are here to unlearn the teachings of the church, state, and our educational system.
We are here to drink beer. We are here to kill war. We are here to laugh at the odds and live our lives so well that Death will tremble to take us.
Posts: 21,148
listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.
   Reply With Quote
Old 02-02-2013, 09:17 PM   #69
petegz28 petegz28 is online now
Supporter
 
petegz28's Avatar
 

Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $208314
Quote:
Originally Posted by listopencil View Post
From what I understand, deposits into a Roth IRA are taxed.
Well, the deposits are made with after-tax $'s, so.....
__________________
"Finally, anyone who uses the terms, irregardless, a whole nother, or all of the sudden shall be sentenced to a work camp."

Stewie Griffin
Posts: 56,713
petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.
   Reply With Quote
Old 02-02-2013, 09:21 PM   #70
listopencil listopencil is online now
sic semper tyrannis
 
listopencil's Avatar
 

Join Date: Oct 2002
Location: :: In Partibus Infidelium
Casino cash: $1081382
Quote:
Originally Posted by petegz28 View Post
Well, the deposits are made with after-tax $'s, so.....
Imagine if the US had a consumption tax replacing the income tax.
__________________
I am my own God. We are here to unlearn the teachings of the church, state, and our educational system.
We are here to drink beer. We are here to kill war. We are here to laugh at the odds and live our lives so well that Death will tremble to take us.
Posts: 21,148
listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.
   Reply With Quote
Old 02-03-2013, 07:15 AM   #71
patteeu patteeu is offline
The 23rd Pillar
 
patteeu's Avatar
 

Join Date: Sep 2002
Casino cash: $416610
Quote:
Originally Posted by La literatura View Post
We can still do all of that, even with an income tax.
Not true.
__________________


Obamacare’s fix for an American health care system that the federal government long ago broke, is to give the federal government far more power over American health care; that its solution to escalating health costs is to mandate greater health benefits (and, hence, higher costs); and that its solution to the pricey overreliance on pre-paid health plans — offered by insurance companies in lieu of real insurance — is to have the government require Americans to buy those pre-paid health plans under penalty of law.
Posts: 67,126
patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.
   Reply With Quote
Old 02-03-2013, 10:11 AM   #72
La literatura La literatura is offline
MVP
 
La literatura's Avatar
 

Join Date: Nov 2011
Casino cash: $50809
Quote:
Originally Posted by listopencil View Post
From what I understand, deposits into a Roth IRA are taxed. Traditional IRA's are taxed upon withdrawal.
So rollover your traditional into a Roth. Here's the point: you don't even do the bare minimum of saving and taking advantage of the tax code's IRA advantages. So spare us the lecture of how if only there was no income tax your life would be so much better. Not really: you would just spend it all.
Posts: 7,171
La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.
   Reply With Quote
Old 02-03-2013, 10:18 AM   #73
Comrade Crapski Comrade Crapski is offline
Veteran
 
Comrade Crapski's Avatar
 

Join Date: Mar 2012
Casino cash: $19697
Quote:
Originally Posted by La literatura View Post
So rollover your traditional into a Roth. Here's the point: you don't even do the bare minimum of saving and taking advantage of the tax code's IRA advantages. So spare us the lecture of how if only there was no income tax your life would be so much better. Not really: you would just spend it all.
You don't even work so just shut the **** up.
__________________
I'm feeling good from my head to my shoes! Know where I'm going and I know what to do! Doo doo doo doo doo! I got a new attitude!

http://www.youtube.com/watch?v=QWfZ5SZZ4xE
Posts: 2,708
Comrade Crapski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Comrade Crapski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Comrade Crapski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Comrade Crapski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Comrade Crapski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Comrade Crapski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Comrade Crapski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Comrade Crapski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Comrade Crapski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Comrade Crapski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Comrade Crapski Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
   Reply With Quote
Old 02-03-2013, 10:59 AM   #74
patteeu patteeu is offline
The 23rd Pillar
 
patteeu's Avatar
 

Join Date: Sep 2002
Casino cash: $416610
Quote:
Originally Posted by La literatura View Post
So rollover your traditional into a Roth. Here's the point: you don't even do the bare minimum of saving and taking advantage of the tax code's IRA advantages. So spare us the lecture of how if only there was no income tax your life would be so much better. Not really: you would just spend it all.
It doesn't matter whether listo takes full advantage or not. The point is that he doesn't have that option. None of us do. That's a byproduct of the income tax. It's a bug, not a feature.

Oh, and I'm not sure what your point is about rolling over a traditional into a Roth. No matter which way you do it, you pay taxes on one end or the other. If you start out traditional and then roll to Roth, you pay taxes in the middle. A traditional IRA is the closest approximation to the treatment you'd get from a consumption tax. But it's limited, so it's an inferior approximation.
__________________


Obamacare’s fix for an American health care system that the federal government long ago broke, is to give the federal government far more power over American health care; that its solution to escalating health costs is to mandate greater health benefits (and, hence, higher costs); and that its solution to the pricey overreliance on pre-paid health plans — offered by insurance companies in lieu of real insurance — is to have the government require Americans to buy those pre-paid health plans under penalty of law.
Posts: 67,126
patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.
   Reply With Quote
Old 02-03-2013, 01:07 PM   #75
La literatura La literatura is offline
MVP
 
La literatura's Avatar
 

Join Date: Nov 2011
Casino cash: $50809
Quote:
Originally Posted by patteeu View Post
Not true.
Yes it is true. If you put the $5500 each year into a Roth IRA for 40 years, you will have a nice little nest egg when you retire that isn't taxed. That doesn't take into account any additional savings you do on your own or employer savings.

Everyone has that option. Most people choose not to. Whose fault is that?
Posts: 7,171
La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.La literatura is blessed with 50/50 Hindsight.
   Reply With Quote
Reply
Page 5 of 8 1234 5 678

« Previous Thread | > The Lounge > D.C. < | Next Thread »
Thread Tools
Display Modes
Linear Mode Linear Mode

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump


All times are GMT -6. The time now is 02:56 PM.

Contact Us - ChiefsPlanet - Archive - Top

Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2013, Jelsoft Enterprises Ltd.