Official 2012 Election Day Thread

[saden1]

Originally Posted by firstdown

I'm self employeed and he will hit you guys before we get hit. I'll just take less income and start saving more money through a SEP or something like that.

Interesting...so you're one of the tax cheats you always seem to be complain about and I am having to carry?

[firstdown]

Originally Posted by saden1

Interesting...so you're one of the tax cheats you always seem to be complain about and I am having to carry?

OK, Saden I'll keep it simple for you. A SEP is just an IRA (individual retirment plan) that a business can contribute into. You should look into an IRA for yourself they have two different plans Roth & Traditional.

For more on IRA's.

Let me google that for you

[saden1]

Originally Posted by firstdown

OK, Saden I'll keep it simple for you. A SEP is just an IRA (individual retirment plan) that a business can contribute into. You should look into an IRA for yourself they have two different plans Roth & Traditional.

For more on IRA's.

Let me google that for you

I'm hip to the game and the scary thing is I understand how the marginal tax rate works and the fact that the piper eventually gets paid when you hit 70.5 or croak.

You can only hide for so long you tax sheltering, estate scheming, inheritance tax eliminator, you.

[firstdown]

Originally Posted by saden1

I'm hip to the game and the scary thing is I understand how the marginal tax rate works and the fact that the piper eventually gets paid when you hit 70.5 or croak.

You can only hide for so long you tax sheltering, estate scheming, inheritance tax eliminator, you.

So I guess your saying you don't write off anything on your taxes and I'm guessing your going to claim that $$ you won?