Spreading The Wealth

[AAMan]

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To everyone out there voting for Obama I was just wondering if you guys wanted to get a head start on spreading and sharing the wealth by donating some money to me. I am living off student loans and will end up with about 150000 in loans when I graduate.

 

[PerolaNegra]

To everyone out there voting for Obama I was just wondering if you guys wanted to get a head start on spreading and sharing the wealth by donating some money to me. I am living off student loans and will end up with about 150000 in loans when I graduate.

Lol. Clever. I think most have their own loans to worry about. Don't worry AA's make good money so you'll be alright. So, uh, can you make your way to the Clinicians board and give us the down low on AA school and your experiences? Lol.

 

[177983]

To everyone out there voting for Obama I was just wondering if you guys wanted to get a head start on spreading and sharing the wealth by donating some money to me. I am living off student loans and will end up with about 150000 in loans when I graduate.

Is it Wednesday yet?

 

[Mariah246]

I wonder if we'll start seeing more doctors work part time in order to avoid the higher tax bracket.

 

[RabbMD]

You will likely see my wife quit her $40000/yr job because after hitting her $16500 401K contribution in 2009 it doesn't make much sense for a college educated person to work full time for a 23500 pretax income when you are in the 35-39% tax bracket prior to 7.65% FICA and 5.5% state. That means she would face a 50% tax rate. Raise your hands if you would work 50/hr week, two weeks vacation for $11750 a year?

 

[huktonfonix]

And yet another way Obama and the democrats convince people not to work.

 

[Consigliere]

Obama is going to win so you better plan for it gang.

 

[Mariah246]

And yet another way Obama and the democrats convince people not to work.

Better lifestyle for everyone

 

[coprolalia]

Anesthesiologists. When Obama wins, your nominal tax rate will go from 35% to 39.6%. You will then likely have to pay the 6.2% payroll tax on top of that, which will be added back in.

This means that, each year, you will be working until JUNE 16th for the Federal Government.

All money earned after that will be yours... except for the property tax you will have to pay, the sales taxes you will still pay on everything you purchase, your State tax, your local tax... etc. etc. etc....

So, how long are you really working for "government" each year? Have you figured that out yet?

And they want to "socialize" medicine to boot? I'd argue that you're already spending almost half of your time working for the government. But, don't worry. Obama's going to fix that too.

Have a great November 4th, folks!

-copro

 

[Josh L.Ac.]

Can't we just have high sales tax and flat-rate payroll tax? If I want that, can I still call myself a democrat?



If wages stay the same [they won't], then after I become an AA, if my wife looks like she is going to make enough to put us at 250K, then we'll just work with our accountant to reinvest the money in our [mostly her's] acupuncture practice.

Viola! Not above 250K.

 

[coprolalia]

... then we'll just work with our accountant to reinvest the money in our [mostly her's] acupuncture practice.

Viola! Not above 250K.

Doesn't work like that.

Why don't you just have your wife stay home? How'd that fit into Obama's incentive to get the economy back on track?



-copro

 

[Josh L.Ac.]

Doesn't work like that.

Why don't you just have your wife stay home? How'd that fit into Obama's incentive to get the economy back on track?



-copro

She can't cook and rarely cleans. It would be horrible if she stayed home, plus she needs to support me for the next 27 months.


So if you reinvest your income to build a small business, it doesn't keep you out of the next income bracket?

Good thing we have an accountant.

 

[huktonfonix]

She can't cook and rarely cleans. It would be horrible if she stayed home, plus she needs to support me for the next 27 months.


So if you reinvest your income to build a small business, it doesn't keep you out of the next income bracket?

Good thing we have an accountant.

It should, just have the business pay your wife a smaller salary and use the rest of the money to reinvest in the business.

 

[Bertelman]

Anesthesiologists. When Obama wins, your nominal tax rate will go from 35% to 39.6%. You will then likely have to pay the 6.2% payroll tax on top of that, which will be added back in.

This means that, each year, you will be working until JUNE 16th for the Federal Government.

So if McCain is elected, how long do we work for the gov't? June 1st?

 

[mille125]

Anesthesiologists. When Obama wins, your nominal tax rate will go from 35% to 39.6%. You will then likely have to pay the 6.2% payroll tax on top of that, which will be added back in.
This means that, each year, you will be working until JUNE 16th for the Federal Government.

All money earned after that will be yours... except for the property tax you will have to pay, the sales taxes you will still pay on everything you purchase, your State tax, your local tax... etc. etc. etc....

So, how long are you really working for "government" each year? Have you figured that out yet?

And they want to "socialize" medicine to boot? I'd argue that you're already spending almost half of your time working for the government. But, don't worry. Obama's going to fix that too.

Have a great November 4th, folks!

-copro

Payroll tax increase will not happen for 10 years. If you want to vote for McCain, fine..but get your facts straight.