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Topic: IRS

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Cincydawg

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Re: IRS
« Reply #56 on: October 17, 2024, 08:08:54 AM »
In context, the number working at the IRS has not kept pace with the number of filers each year over time.  

A better approach IMHO would be to greatly simplify the tax code, but that won't happen.
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Cincydawg

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Re: IRS
« Reply #57 on: October 17, 2024, 08:10:24 AM »
The old saying is something like "You don't know what a person earns, but you can guess at what he spends."

I had neighbors who also spent like crazy on visible stuff, and others who were pretty quiet about it, driving older cars etc. (like me).
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bayareabadger

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Re: IRS
« Reply #58 on: October 17, 2024, 08:48:38 AM »
Quote from: Gigem on October 17, 2024, 08:06:17 AM
Wealthy vs not is as much a state of mind versus anything else. I know people who are literally multi millionaires who you would think they are broke. They drive old 20 year old cars, never go on vacation, never eat out, never buy anything extravagant and still work really hard as in manual labor. They always pay for everything with cash and exact change in the store because the clerk might not give them the exact change back. They’re worried they might get short changed maybe $.01 or gasp- a nickel.

I also know people who are broke that spend money like crazy, eat out everyday, always drive the newest and best vehicles, and live in big fancy houses. As a service business owner you quickly come to realize to not judge a book by its cover. The person in the shack will pay you in cash, the high roller in the mansion may not pay you at all.
Very true, and I think there can even be a split in the first group.

A person might be that way because they are desperately afraid of ending up with nothing (despite the theoretical security, they should have amassed). And there are also people who act that way because they think “I am in good financial shape because I did that.”

(I am a little wired like that last one, and it requires some intentionality to not be over frugal)
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847badgerfan

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Re: IRS
« Reply #59 on: October 17, 2024, 09:40:51 AM »
My wife thinks I'm too frugal.

I just tell her that our fixed incomes are worth 20-25 percent less than they were 4 years ago.
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Cincydawg

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Re: IRS
« Reply #60 on: October 17, 2024, 09:50:58 AM »
My wife and I have both been through periods of struggling so we're pretty well matched.  I usually have to encourage myself to spend money on a thing, my inclination is to go without.  
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ELA

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Re: IRS
« Reply #61 on: October 17, 2024, 10:55:58 AM »
Quote from: Cincydawg on October 17, 2024, 08:08:54 AM
A better approach IMHO would be to greatly simplify the tax code, but that won't happen.
Dave Chapelle had a pretty good bit on that a couple years back.

The essence was that it will never happen because the elected officials and their donors, on both sides of the aisle benefit from it as is
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MrNubbz

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Re: IRS
« Reply #62 on: October 17, 2024, 10:57:39 AM »
Quote from: OrangeAfroMan on October 16, 2024, 11:56:07 PM
Yes, we all live in bubbles of varying size and scope.  That's fair.  But let's all acknowledge that and not automatically deny one's own financial successes.
Nobody on this board owe's you,me or anyone else an accounting of their success or lack there of.If you're fishing for it that's on you,if they anounce it then have at it.
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MrNubbz

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Re: IRS
« Reply #63 on: October 17, 2024, 11:01:46 AM »
Quote from: ELA on October 17, 2024, 10:55:58 AM
Dave Chapelle had a pretty good bit on that a couple years back.

The essence was that it will never happen because the elected officials and their donors, on both sides of the aisle benefit from it as is
I love that about Chappelle brutally honest and he confirms what you just said in one minute

https://www.youtube.com/shorts/PQbq1rBwuPU?feature=share
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utee94

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Re: IRS
« Reply #64 on: October 17, 2024, 11:18:49 AM »
Quote from: MrNubbz on October 17, 2024, 10:57:39 AM
Nobody on this board owe's you,me or anyone else an accounting of their success or lack there of.If you're fishing for it that's on you,if they anounce it then have at it.
He wants rich people to just go ahead and admit they're rich, even though there's no accepted definition of what rich is, so how would anyone know?
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Cincydawg

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Re: IRS
« Reply #65 on: October 17, 2024, 11:20:46 AM »
I'm better off than most folks my age.  I also probably donate more than most folks my age.  I don't expect any credit for that from anyone.

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FearlessF

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Re: IRS
« Reply #66 on: October 17, 2024, 11:21:28 AM »
ok, I admit it.
I'm a rich dirtfarmer

so what?
now what?
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"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

Cincydawg

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Re: IRS
« Reply #67 on: October 17, 2024, 11:29:19 AM »
When I was poor, I didn't look at wealthy folks and somehow think they were at fault for my poorness.  I had ambition to become wealthier, if not wealthy.  I did stuff to enable that, made some hard choices, stuck with a job I mostly didn't like, etc.  I wasn't born wealthy, we were very middle class, my parents were school teachers for years, my sister was a school teacher for years, I even "taught" as a teaching assistant for years.

Anyway ...
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847badgerfan

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Re: IRS
« Reply #68 on: October 17, 2024, 11:32:38 AM »
We used to donate more.

I have a friend named Rich. So he is rich.
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utee94

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Re: IRS
« Reply #69 on: October 17, 2024, 12:09:10 PM »
Quote from: FearlessF on October 17, 2024, 11:21:28 AM
ok, I admit it.
I'm a rich dirtfarmer

so what?
now what?
Oh, we know.

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