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Ham or Canadian Bacon

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Comments

  • Ozzie_Isaac
    Ozzie_Isaac Posts: 20,792
    JohnInCarolina said:
    Ozzie_Isaac said:
    alaskanassasin said:
    According to google, our highest federal income tax bracket is 37% and that is for married making over 693K a year.  Does that sound right @Ozzie_Isaac?
    Yes, 37% and for 2024 that is for joint income over $731K. You only pay that on the portion that bumps over that threshold after deductions and other CPA gyrations.  The real kick in the heuvos is self-employment tax of 15.3% on top of the 37%.  So in theory you could be paying 52.3%.

    I am not anywhere near that bracket, but it is a goal.

    I heard a saying yesterday that really rang true:  Being rich is easier than being poor, but harder than being fine.

    (This excludes being generationally wealthy, I think generational wealth would be pretty easy life, and would love to give it a try.)

    The real crime is what generational wealth is taxed at in the US.  
    Indeed.  Essentially zero.  Then it just compounds essentially tax free forever.  That is what will cause the downfall of the US.  The divide will become so great that the poor realize that will never be them.  Right now it is still almost within grasp that we think we have a chance, so we don’t curtail it thinking we will just hurt our future selves.

    Maybe your purpose in life is only to serve as an example for others? - LPL


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  • Canugghead
    Canugghead Posts: 12,309
    @unoriginalusername
    Minor correction, Ontario's HST is 13%
    Housing wise Toronto and Buffalo are not on level playing field, otoh I heard a couple (our son's friends) that moved to somewhere nicer than Buffalo, had a house custom built for way cheaper than here. Not sure about their income situation, the guy is a doctor.

    canuckland
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  • Canugghead
    Canugghead Posts: 12,309
    A chart below from that StatsCan study confirms a pet peeve of mine...
    Highest percentage of emigrants are folks that immigrated as Investors or Entrepreneurs, probably with no intention of staying at the get go. I'm no tax expert and stand corrected, apparently they can somehow enjoy non-resident status for income tax purpose and pay no tax on income from sources outside Canada. I'm wondering if many of these folks are the ones that demand the Canadian government to bail them out when they face political or humanitarian crisis abroad, not to mention free health care down the road or sooner.



    Speaking of health care, recall this Mangrates I bought a while back? The seller is ex US military with Canadian wife, they relocated from VA to GWN because their child has a medical condition that needs ongoing treatment.




    canuckland
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  • alaskanassasin
    alaskanassasin Posts: 8,318
    JohnInCarolina said:
    alaskanassasin said:
    JohnInCarolina said:
    Ozzie_Isaac said:
    JohnInCarolina said:
    lousubcap said:
    The OT section is where you can get "All the news that's fit to print."  
    I think Alaskan’s calculus here is that while nobody goes there because they don’t want to hear our views on random sh!t, they definitely will want to hear *his* views on random sh!t.  
    It is a pain to get to.  I prefer convenience.  The extra clicks just aren't worth the hassle.  Plus, nobody new gets to see the fun stuff and lurkers and noobs miss out.  That is why I like the main forum.  Open that robe for all the world to see.
    Even better, why don’t we all just start posting cr@p like this in the WAYDRN thread?




     That was harsh, calling my forum engagement crap. I don't think this reddit thread is particularly offensive to anyone.
    Does something need to be offensive to qualify as crap?   It's crap compared to some solid recipes for Canadian bacon, which can be delicious when properly made.  Plus, you just admitted to casually trolling Canadians...

     And I am the one trolling Canadians?

    South of Columbus, Ohio.


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  • JohnInCarolina
    JohnInCarolina Posts: 32,913
    If there’s just some way for Canada to take Justin Bieber back, I feel like all would be forgiven…
    "I've made a note never to piss you two off." - Stike
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  • RRP
    RRP Posts: 26,087
    Damn! There I was back on that warranty tread fighting windmills and wondering why no one was bothering to agree or take me to task for my opinion! Guess the Buffalo had bigger fish to spear…huh?
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  • fishlessman
    fishlessman Posts: 33,586
    Ozzie_Isaac said:
    JohnInCarolina said:
    Ozzie_Isaac said:
    alaskanassasin said:
    According to google, our highest federal income tax bracket is 37% and that is for married making over 693K a year.  Does that sound right @Ozzie_Isaac?
    Yes, 37% and for 2024 that is for joint income over $731K. You only pay that on the portion that bumps over that threshold after deductions and other CPA gyrations.  The real kick in the heuvos is self-employment tax of 15.3% on top of the 37%.  So in theory you could be paying 52.3%.

    I am not anywhere near that bracket, but it is a goal.

    I heard a saying yesterday that really rang true:  Being rich is easier than being poor, but harder than being fine.

    (This excludes being generationally wealthy, I think generational wealth would be pretty easy life, and would love to give it a try.)

    The real crime is what generational wealth is taxed at in the US.  
    Indeed.  Essentially zero.  Then it just compounds essentially tax free forever.  That is what will cause the downfall of the US.  The divide will become so great that the poor realize that will never be them.  Right now it is still almost within grasp that we think we have a chance, so we don’t curtail it thinking we will just hurt our future selves.

    thats why they gave us powerball and megamillions.....keep us hoping =)
    fukahwee maine

    you can lead a fish to water but you can not make him drink it
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  • Canugghead
    Canugghead Posts: 12,309
    JohnInCarolina said:
    If there’s just some way for Canada to take Justin Bieber back, I feel like all would be forgiven…
    only if wolverine comes with him, lol
    canuckland
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  • GrateEggspectations
    GrateEggspectations Posts: 10,190
    Canugghead said:
    JohnInCarolina said:
    If there’s just some way for Canada to take Justin Bieber back, I feel like all would be forgiven…
    only if wolverine comes with him, lol
    Always took you for more of a Céline Dion kind of guy. 
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  • Canugghead
    Canugghead Posts: 12,309
    GrateEggspectations said:
    Canugghead said:
    JohnInCarolina said:
    If there’s just some way for Canada to take Justin Bieber back, I feel like all would be forgiven…
    only if wolverine comes with him, lol
    Always took you for more of a Céline Dion kind of guy. 

    https://youtu.be/BDKgo3jFwFE?feature=shared
    canuckland
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  • GrateEggspectations
    GrateEggspectations Posts: 10,190
    Canugghead said:
    GrateEggspectations said:
    Canugghead said:
    JohnInCarolina said:
    If there’s just some way for Canada to take Justin Bieber back, I feel like all would be forgiven…
    only if wolverine comes with him, lol
    Always took you for more of a Céline Dion kind of guy. 

    https://youtu.be/BDKgo3jFwFE?feature=shared
    Good and all, but just not quite shroomy enough. 
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  • Ozzie_Isaac
    Ozzie_Isaac Posts: 20,792
    Do Canadians play soccer or football?

    Maybe your purpose in life is only to serve as an example for others? - LPL


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  • JohnInCarolina
    JohnInCarolina Posts: 32,913
    GrateEggspectations said:
    Canugghead said:
    JohnInCarolina said:
    If there’s just some way for Canada to take Justin Bieber back, I feel like all would be forgiven…
    only if wolverine comes with him, lol
    Always took you for more of a Céline Dion kind of guy. 
    Man I felt the sting of that insult, and it wasn’t even directed at me.
    "I've made a note never to piss you two off." - Stike
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  • GrateEggspectations
    GrateEggspectations Posts: 10,190
    JohnInCarolina said:
    GrateEggspectations said:
    Canugghead said:
    JohnInCarolina said:
    If there’s just some way for Canada to take Justin Bieber back, I feel like all would be forgiven…
    only if wolverine comes with him, lol
    Always took you for more of a Céline Dion kind of guy. 
    Man I felt the sting of that insult, and it wasn’t even directed at me.
    I’m not worried. His heart will go on. 
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  • Canugghead
    Canugghead Posts: 12,309
    GrateEggspectations said:
    Canugghead said:
    JohnInCarolina said:
    If there’s just some way for Canada to take Justin Bieber back, I feel like all would be forgiven…
    only if wolverine comes with him, lol
    Always took you for more of a Céline Dion kind of guy. 

    canuckland
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  • WeberWho
    WeberWho Posts: 11,305
    GrateEggspectations said:
    JohnInCarolina said:
    GrateEggspectations said:
    Canugghead said:
    JohnInCarolina said:
    If there’s just some way for Canada to take Justin Bieber back, I feel like all would be forgiven…
    only if wolverine comes with him, lol
    Always took you for more of a Céline Dion kind of guy. 
    Man I felt the sting of that insult, and it wasn’t even directed at me.
    I’m not worried. His heart will go on. 


    "The pig is an amazing animal. You feed a pig an apple and it makes bacon. Let's see Michael Phelps do that" - Jim Gaffigan

    Minnesota
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  • GrateEggspectations
    GrateEggspectations Posts: 10,190
    Canugghead said:
    GrateEggspectations said:
    Canugghead said:
    JohnInCarolina said:
    If there’s just some way for Canada to take Justin Bieber back, I feel like all would be forgiven…
    only if wolverine comes with him, lol
    Always took you for more of a Céline Dion kind of guy. 

    The dislike was because that looks only somewhat like me. 
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  • JohnInCarolina
    JohnInCarolina Posts: 32,913
    GrateEggspectations said:
    Canugghead said:
    GrateEggspectations said:
    Canugghead said:
    JohnInCarolina said:
    If there’s just some way for Canada to take Justin Bieber back, I feel like all would be forgiven…
    only if wolverine comes with him, lol
    Always took you for more of a Céline Dion kind of guy. 

    The dislike was because that looks only somewhat like me. 
    Too much hair?
    "I've made a note never to piss you two off." - Stike
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  • GrateEggspectations
    GrateEggspectations Posts: 10,190
    JohnInCarolina said:
    GrateEggspectations said:
    Canugghead said:
    GrateEggspectations said:
    Canugghead said:
    JohnInCarolina said:
    If there’s just some way for Canada to take Justin Bieber back, I feel like all would be forgiven…
    only if wolverine comes with him, lol
    Always took you for more of a Céline Dion kind of guy. 

    The dislike was because that looks only somewhat like me. 
    Too much hair?
    No, but I have much broader shoulders. 
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  • Canugghead
    Canugghead Posts: 12,309
    @GrateEggspectations, get it? Alberta born national treasure stolen by our friendly neighbour, we need him back!
    https://x.com/Newsweek/status/1491547464062709766?s=20

    canuckland
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  • Legume
    Legume Posts: 15,317
    Well, to be fair, isn't he actually Fat Wolverine?
    Love you bro!
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  • Canugghead
    Canugghead Posts: 12,309
    That adjective is redundant when addressing former citizens of GWN  =)
    canuckland
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