Looking ahead

You might be surprised at how little you actually need.

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John Larkin         Highland Technology, Inc 
picosecond timing   precision measurement  

jlarkin att highlandtechnology dott com 
http://www.highlandtechnology.com

Has Bernie actually ever had a real job?

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John Larkin         Highland Technology, Inc 
picosecond timing   precision measurement  

jlarkin att highlandtechnology dott com 
http://www.highlandtechnology.com

I'll assume you don't think acting is a real job?

Mikek

does it have lead in it?

Jamie

Only in the water in democrat run cities.

Gotta keep them voters stupid.

Well, he was mayor of the largest city in Vermont. He was also a bum. Some things never change.

No, just troubled by the disconnect between the claim of owning a $9 million dollar company and not taking into account one of the most basic mechanisms of personal income tax that's not likely to go away.

The graduated tax setup being considered more progressive, so in Bernieland it would continue. In order to soak just the rich, it's going to have a lower limit. And in order to not impact the almost-rich, the

92% bracket would start up at quite a few megabucks. So, for example, if the next lower bracket is 50% for below $6 million, it would leave $3 million, plus the spare change from the even lower brackets.

Thompson says I'm out of date on income averaging. (Not needing it, I wasn't paying attention). There's probably some accounting work around, like setting up a trust that spreads the income over a period of years. Or setting it up as a corporation and selling it piecemeal.

And there's the whole "is it income or capital gains?" question.

Mark Zenier snipped-for-privacy@eskimo.com Googleproofaddress(account:mzenier provider:eskimo domain:com)

No, I doubt I would, I'm a reader of MMM, MR Money Mustache.

This computer programmer retired at 30 and lives off the return on his stache. Has a wife and child and a paid off house. He reports that he lives on $25,000 a year, lives well and also travels.

The jist of the philosophy is to save a large portion of your income, when you have 25x your spending, you can retire and live off of 4% of your stache every year. Invested properly (and with market cooperation) it will grow enough to give you an inflation raise each year.

Note: I have no interest in living as frugal as many MMM retires do. Although they call it a lifestyle---devoid of consumerism. (Also, not everyone has an interest in retireing)

Then there is the forum for wannabee conversation, many people that retired at 35 to 50 years old, and others that are working towards that goal.

Lots of fun conversation there.

Here's a calculator that many MMM followers use as a test of there stache. It is pretty easy to use, but spending a little time with it allows you to get more variables into it, as you figure them out. It runs 115 stock market scenarios and graphs your stache over that 30* year period. (*adjustable) It starts in 1900 and runs 30 years, then

1901 and runs 30 years, continues until it starts at 1985 ends at 2015. It shows a graph containing all runs, if any drop to zero, your portfolio failed. If you have 3% to 5% failures, you need to make some adjustments.

Exposing the MMM philosophy,

Mikek

Owning a company means that you have stock shares. If it's a small private company, the shares often can't easily be sold so are effectively worthless. Unless it's an S corp or an LLC, share wealth, if any, is distinct from taxable income.

The current capital gains tax rate is about 25%. I don't know if Bernie wants to change that.

Bernie, like most socialists, is more concerned with punishing the wealthy than doing what's best for ordinary citizens. We keep electing professional politicians, people who have never run a hardware store, or ever done anything productive.

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John Larkin         Highland Technology, Inc 

lunatic fringe electronics

The long term cap gains rate is 0% to 20% depending on you tax bracket.

15% if your in the 35% tax bracket.

Mikek

What is their fair share?

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Rick

How about if he pays $10,000 in taxes the other guy pays $10,000 in taxes. Seems fair. :-) Mikek