archenemy

you are starting to make an ass of yourself.

I try. I have $0 debt and house will be paid off in 11 years. (rate 4.75%) I plan on retiring early and enjoying the outdoors. Hate being in an office. 0 debt = 0 credit improvement Obviously though, you have debt, otherwise your house would not have 11 years left on it. Remember that your mortgage is one of your best writeoffs. And as Strumpett knows, you can write off two homes, not just one.

Only if you put the Dike in Snake Dike.

The headlamps really make that shot.

quit pissing about and stay focused on what you need to do to insure your future and leave something to your kids.

Comparing to what others have is unimportant. You need to use a tax calculator to find out what you need in order to retire in the way that you wish.

My main point is that our market system is widely variable. Don't put all your eggs in one basket.

Our tax laws are very confusing and it's hard to follow all this stuff and keep it semi straight.

History of top rates In 1913 the tax rate was 1% on taxable net income above $3,000 ($4,000 for married couples), less deductions and exemptions. It rose to a rate of 7% on incomes above $500,000. During World War I the top rate rose to 77%; after the war, the top rate was scaled down to a low of 25%. During the Great Depression and World War II, the top income tax rate rose again. In the Internal Revenue Code of 1939, the top rate was 75%. The top rate reached 94% during the war and remained at 91% until 1964. In 1964 the top rate was decreased to 70% (1964 Revenue Act), then to 50% in 1981 (Economic Recovery Tax Act or ERTA). The Tax Reform Act of 1986 reduced the top rate to 28%, at the same time raising the bottom rate from 11% to 15% (in fact 15% and 28% became the only two tax brackets). During the 1990s the top rate rose again, standing at 39.6% by the end of the decade. The top rate was cut to 35% and the bottom rate was cut to 10% by the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). [edit] History of progressivity in federal income tax The federal income tax rates in the United States have varied widely since 1913. For example, in 1954 the Congress imposed a federal income tax on individuals, with the tax imposed in layers of 24 income brackets at tax rates ranging from 20% to 91% (for a chart, see Internal Revenue Code of 1954). Here is a partial history of changes in the U.S. federal income tax rates for individuals (and the income brackets) since 1979: Year Income brackets Rate range 1979 15 brackets 14%-70% 1982 12 brackets 12%-50% 1987 5 brackets 11%-38.5% 1988 3 brackets 15%-33% 1991 3 brackets 15%-31% 1993 5 brackets 15%-39.6% 2001 5 brackets 15%-39.1% 2002 6 brackets 10%-38.6% 2003-2006 6 brackets 10%-35%

Good one.

and looks better.

yes. within two weeks.

Exactly and they will change it when they need the tax revenue. Count on it. I am pretty sure that's what I just said. Not even your SS is protected.

$1,000 child credit. (not a deuction) It helps alot, at least for me it does. Are your taxes that complicated??? you can get trubo tax at Costco. Taxes are easy no sense paying accountant. Seahawks. I own a business, work from home and lease an office. I have owned two homes in the last 12 months. I need to itemize all our bills for deduction. I have a child, and no time to do it myself. So off to the accountant, who does my work and personal taxes. Much easier that way. Convenience and time with you family is worth a lot.

Thats a good way around some tax. I do the 401k at work becuase the company matches. Free money. Roth's are little better becuase you can take them out later tax free. Roths are not better b/c of this. You are paying your taxes on the money before it goes in. Besides the tax benefit of a 401k, your employer vesting is the most valuable part of this option. You should have both of these accts. I max both of mine out every single year. It is the first bill I pay every month. 401k are nice. Roth point was that what you earn on it is not taxed. That why some people use it. I don't. I put all mine in 401k. Having a Roth would help you diversify a little more. It sounds like you are making the assumption that you will have earnings at the time of retirement. There is no guarentee of this. You need both accts and a savings acct. Soemtimes I wonder if it wouldn't be smarter to pull all the money out right now, Tax rates have got to be lower now than later. All baby boomer retiring and Debt sky hight somethings got to give and it will be us suckers later. No. Not only will you have a penalty to pay, but you must assume that your earnings potential right now is higher than when you are older and you have low to no income.

Oh, also, you should be aware that Congress can change these rules at any time. Currently, they are discussing changing the rules on taxing Roth IRAs. THis does not mean you shouldn't have one, but you should just be aware that things shift, and the gov't will take money from you whenever they damn well please.

Thats a good way around some tax. I do the 401k at work becuase the company matches. Free money. Roth's are little better becuase you can take them out later tax free. Roths are not better b/c of this. You are paying your taxes on the money before it goes in. Besides the tax benefit of a 401k, your employer vesting is the most valuable part of this option. You should have both of these accts. I max both of mine out every single year. It is the first bill I pay every month. 401k are nice. Roth point was that what you earn on it is not taxed. That why some people use it. I don't. I put all mine in 401k. Having a Roth would help you diversify a little more. It sounds like you are making the assumption that you will have earnings at the time of retirement. There is no guarentee of this. You need both accts and a savings acct.

If you are that dumb, everything must be painful

????? Had to stretch for that one, didn't you? And you think sleeping with women is a put-down in this crowd? Wake up buddy.

Thats a good way around some tax. I do the 401k at work becuase the company matches. Free money. Roth's are little better becuase you can take them out later tax free. Roths are not better b/c of this. You are paying your taxes on the money before it goes in. Besides the tax benefit of a 401k, your employer vesting is the most valuable part of this option. You should have both of these accts. I max both of mine out every single year. It is the first bill I pay every month.

Exactly, except take out more than you need so that you roll it over to the next year. That way, you have a savings. You should have enough to make it three months without income.

Set up a yearly mutual fund that automatically withdraws from your checking account monthly.

My bad. I meant that someone should fuck that huge gap between your teeth. That kind of courser.

if you know what I mean

Well, he was obsessed with tampons. Never known a guy to mention a peice of cotton with such regularity.