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I'm rich
2-14-02 | farmall

Posted on 02/14/2002 10:25:16 AM PST by farmall

My wife and I are both public school teachers. We both teach additional day and after school classes. We both teach summer school and I have another job as a security guard. Combined total we earned @ $119,000 in 2001. IRS has already taken @ $19,000. It looks like they want another $ 3-5,000 on 4-15-02.


TOPICS: Business/Economy; News/Current Events
KEYWORDS: educationnews; taxreform
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To: My Favorite Headache
It an oldie ... but goodie.
(Geeesh! Now I'm referring to the '90's as "old.")
281 posted on 02/15/2002 8:11:13 AM PST by LantzALot
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To: farmall
working yourself thru college is how it is in our house and i think it builds strong character.

hear, hear. and if the kid knows he's going to have to pay for his education, he'll be sure he's studying what he needs to know to work in the field he wants to work in. and the best education is the one sought by the student, not the one forced on him to keep him off the streets.

I thought it would be more efficient to ignore the shift key, but I guess it has to be learned. I spent more time overcoming the impulse to shift than I would have just shifting.

282 posted on 02/15/2002 8:22:56 AM PST by LantzALot
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To: VRWC_minion
What about section 1 did I miss?
283 posted on 02/15/2002 8:41:48 AM PST by Demidog
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To: LantzALot;farmall
working yourself thru college is how it is in our house and i think it builds strong character.

Naaa..it just builds HUGE student loans which will put the kid deep in the hole before he even graduates. I worked 6 days a week throughout my college years. I won scholarships, also. I never earned enough to pay for tuition+books+fees, which have exploded at many times the rate of inflation. Schools have also learned that by requiring a few more credit hours here and there, they can keep someone in school an extra semester or two to collect even more tuition and fees. I calculated that to "work my way through college" without acquiring student loans I would have had to make at least $29.00 and hour working that 6 day work week.

Back when tuition+books+fees were reasonable, working one's way through college was a common and expected thing, and rightly so. But the expenses are far too high nowadays.

284 posted on 02/15/2002 8:45:24 AM PST by Skooz
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To: lewislynn
You present a false dichotomy. Who should we detest more, Dr. Frankenstein or Igor who does his dirty work?

They are both beneath contempt.

285 posted on 02/15/2002 8:56:35 AM PST by Skooz
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To: farmall
To be rich you have to have enough after tax money on hand to not have to work. No work, no income taxes.

Rich means you don't have to go to work in the morning, and your time is your own. It means not having to worry about losing your job. It means not wondering how many paychecks you are away from losing your house. Strong cashflow is not rich, just good payday to payday living, subject to interruption.

A retarded man once told me this little poem:

"A sonofabitch fell down in a ditch,

found a penny and thought he was rich."

Clearly, this retard was a genius.

286 posted on 02/15/2002 8:57:57 AM PST by LostTribe
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To: Skooz
Back when tuition+books+fees were reasonable, working one's way through college was a common and expected thing, and rightly so. But the expenses are far too high nowadays.

Please let us know whom to thank for that.
It sounds like market forces now dictate that most people find employment that doesn't require a college education. That's the best thing that could have happened.

287 posted on 02/15/2002 9:03:42 AM PST by LantzALot
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To: JudyB1938
Wages tips comp. =51,786 Fed tax 9,487 SS tax 3,570 Medicare 835 sate tax 3,691 housetax 1,825 ---------------- Total tax = 19,408 not including sales tax,gasoline tax,various phone tax,plus misc
288 posted on 02/15/2002 9:07:55 AM PST by Frankss
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To: LantzALot
Not at all. The problem is that market forces have been removed from the college tuition via government grants and state sponsored scholarships.

Take away that easy money and college tuition would be forced to conform to supply and demand. Tuition would go down, and we could return to the good old days of kids working their way through college.

289 posted on 02/15/2002 9:11:29 AM PST by Skooz
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To: MeeknMing
Rich people got cool shit. :)

My husband and I get by and pay our bills and can afford a nice dinner and night out. We are middle-class and proud of it. As long as I'm not living on the streets and have my husband, family, friends and a roof over my head, a warm cozy bed to sleep in, food, shower and my two cats, I'm happy.

I'm rich in my heart <3

290 posted on 02/15/2002 9:16:09 AM PST by MotleyGirl70
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To: MotleyGirl70
I'm rich in my heart
. . .and in attitude too!
291 posted on 02/15/2002 9:18:02 AM PST by MeekOneGOP
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To: MightyMouth
>>Question ... was it all right when you thought Gates was their target? If so, why? Did it never occur to you that if it were him, it could be anybody? And is?

I was being funny....

I never liked taxes. And I think the Dems are the greedy ones....they take other people's money and give it to their constituents

292 posted on 02/15/2002 9:21:07 AM PST by The Raven
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To: Skooz
I was trying to imply something like that -- that the interference has now become part of the market forces, and in the long run will accomplish the opposite of what they think they're doing.

BTW: I am also of the opinion that college degrees are oversold and overvalued (considering their true content), and that there are ways to make as good or better living without one.

293 posted on 02/15/2002 9:22:26 AM PST by LantzALot
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To: LostTribe
No work, no income taxes.

Nope. No income for sources derived outside of the U.S. or in the District of Columbia or those territories where the feds have sole authority = no income tax. I have never seen any listed source in IRC/USC 26 which would indicate that regular work income within the 50 states (other than income derived from the sale or manufacture of Alcohol, Tobacco, or Firearms) is subject to an excise tax (what the income tax was ruled by the Supreme Court).

294 posted on 02/15/2002 9:50:18 AM PST by Demidog
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To: farmall
Come teach in NJ, with an MA+30 teachers recieve $92K after 15 yrs. and get $33.00 per hour working after school in the day care centers. My friend does their taxes and with that little extra job after school, many make about $110,000.00, not bad, eh? And that's with the summers off.
295 posted on 02/15/2002 9:52:46 AM PST by Coleus
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To: Coleus
$ sounds better but too far north and east for me. plus isn't nj where crazy joe clark had to set the school straight?
296 posted on 02/15/2002 10:06:01 AM PST by farmall
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To: Coleus
Been in a classroom of a "challenging" school lately? Most people would not do this job for quids.
297 posted on 02/15/2002 10:24:57 AM PST by Inkie
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To: farmall
This is just between you and me cause I don't want to be turned in for child abuse. I'm 68 and being supported by my wife and our two kids. (he he he he said gleefully) We are in a similar tax situation but have some shelter in rentals and business. You should trade your security guard job for your own janitorial business and get a nice dual purpose vehicle.
298 posted on 02/15/2002 10:52:27 AM PST by tubebender
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To: farmall
Is The Beck decision posted in your workplace? You and your buds are entitled to some doe from the Union.
299 posted on 02/15/2002 11:47:51 AM PST by CPT Clay
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To: Tauzero
Hello post 144! Take that, Rooroobird.

No deductible college savings plan, Farmall? Keep your eyes open.

Come on, start your own business. Schedule "C" can be your friend.

300 posted on 02/15/2002 12:02:57 PM PST by frodolives
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