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Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

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Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

mookie did not type "people look to spend more so they pay less in taxes". no way. find it and mookie will send you a gazillion dollars. :D
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

alfablue said:
You did type this. And if lower deductions means more income being taxed, that also means higher deductions mean less income being taxed. Unless it's a trick post.

Perhaps mookie can be more descriptive of what the sentence is supposed to actually mean.
Click to expand...

simple math

if mookie makes 40k and his deductions currently are 15k (8k mtge int, 5k property and state tax, 2k charity) he pays taxes on 25k
if mookie makes 40k and his deductions will be 0k (no mtge deduction, no property state tax deduction, no charitable deduction) he pays taxes on 40k

simple math.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

alfablue said:
that also means higher deductions mean less income being taxed. Unless it's a trick post..
Click to expand...

and THAT is a stretch and a half reach there :) you guys are looking at things that aren't there!
no way should anyone go search for ways to spend money to avoid paying tax on it :D

we (mookie at least) were talking about existing expenses and outlays changing status. today is is deducted, tomorrow it isn't. that's all. nuttin' else!
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

LynahFan said:
Heh. Don't look now, but my bro-in-law (Cornell CS major) works for a startup that builds literal burger-flipping robots that use computer vision, infrared cameras, AI, and the works to manage a fast-food grill. 20 years from now, you'll upload your order, your food will arrive perfectly cooked, your account will be deducted, and there will be no humans involved in the transaction (other than you).
Click to expand...

Carl's Jr of the future. :D
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

LynahFan said:
Heh. Don't look now, but my bro-in-law (Cornell CS major) works for a startup that builds literal burger-flipping robots that use computer vision, infrared cameras, AI, and the works to manage a fast-food grill. 20 years from now, you'll upload your order, your food will arrive perfectly cooked, your account will be deducted, and there will be no humans involved in the transaction (other than you).
Click to expand...

The holy grail of robotics was hit very quietly a few years back -- better machine vision, more specifically the ability to pick randomly oriented parts out of a bin. Before that you needed a magazine with consistently pre-oriented and loaded parts. It used to be only humans could see, decide, select, and pick a randomly oriented part out of a bin. Not any longer.

https://www.youtube.com/watch?v=n2SegHd9jDA
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

nobody has to make a robot wash its hands after taking a squirt either!
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

mookie1995 said:
simple math

if mookie makes 40k and his deductions currently are 15k (8k mtge int, 5k property and state tax, 2k charity) he pays taxes on 25k
if mookie makes 40k and his deductions will be 0k (no mtge deduction, no property state tax deduction, no charitable deduction) he pays taxes on 40k

simple math.
Click to expand...

Yes, it's simple math.

In your first example, $40k income, $15 deductions (no standard deduction), your tax liability is $3248

In your second example, $40k income, standard deduction of $6,350, your tax liability goes up to $4581.

Yes, your taxes are lower. Simple.

Yet in the instance that your taxes are lower, the net income is only $25,000-$3,248= $21,752
And the no deductions, higher tax is $40,000 - $4,581 = $35,419.

I'm not sure where you went to school, but I was taught that $35,419>$21,752 by a pretty wide margin.

To save money on your taxes means you take less money home. Very simple math, indeed.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

mookie1995 said:
and THAT is a stretch and a half reach there :) you guys are looking at things that aren't there!
no way should anyone go search for ways to spend money to avoid paying tax on it :D

we (mookie at least) were talking about existing expenses and outlays changing status. today is is deducted, tomorrow it isn't. that's all. nuttin' else!
Click to expand...

If that's what you mean, please be kind to those of us who can't read your mind, and type the actual meaning out. Words matter.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

alfablue said:
Yet in the instance that your taxes are lower, the net income is only $25,000-$3,248= $21,752
And the no deductions, higher tax is $40,000 - $4,581 = $35,419.

I'm not sure where you went to school, but I was taught that $35,419>$21,752 by a pretty wide margin.
Click to expand...

Uh, alfa, he still has to pay the $15k (8k mtge int, 5k property and state tax, 2k charity) in bills.

So you need to take that $15k off your $35,419 number ... to make it $20,419 (< $21,752) of unallocated, discretionary spending dollars.


What I suspect will happen is the $15k becomes just $13k and the charities suffer.
 
mookie1995 said:
simple math

if mookie makes 40k and his deductions currently are 15k (8k mtge int, 5k property and state tax, 2k charity) he pays taxes on 25k
if mookie makes 40k and his deductions will be 0k (no mtge deduction, no property state tax deduction, no charitable deduction) he pays taxes on 40k

simple math.
Click to expand...

Mookie

Under my plan,your 1st 45K is exempt from Federal taxation and then you play 15% on the excess and 25% on the excess over a million.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

The Sicatoka said:
Uh, alfa, he still has to pay the $15k (8k mtge int, 5k property and state tax, 2k charity) in bills.

So you need to take that $15k off your $35,419 number ... to make it $20,419 (< $21,752) of unallocated, discretionary spending dollars.


What I suspect will happen is the $15k becomes just $13k and the charities suffer.
Click to expand...

No, you don't. That's the point. More than you should NOT enter into payments that you can barely afford just to avoid paying taxes. It's not about taxes, it's about your net take home pay.

If expenses are expenses, fine. But if they are optional, then you really need to think about why you are doing it.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

The Sicatoka said:
The holy grail of robotics was hit very quietly a few years back -- better machine vision, more specifically the ability to pick randomly oriented parts out of a bin. Before that you needed a magazine with consistently pre-oriented and loaded parts. It used to be only humans could see, decide, select, and pick a randomly oriented part out of a bin. Not any longer.

https://www.youtube.com/watch?v=n2SegHd9jDA
Click to expand...

I don't know if I'd say we've hit the holy grail of robotics, but we've made giant leaps in the evolution in the last 5-10 years. The robotic advances I've seen just in an extremely limited portion of my company have been astonishing. And those are just the ones they let us see.

Robotics was the push five years ago. Next step is machine learning using data analytics. That's the next big push.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

dxmnkd316 said:
Next step is machine learning using data analytics. That's the next big push.
Click to expand...

Right now so many are collecting data for the sake of collecting data, ... and have no idea what they'll ever do with it. That's a poor approach.

I went and got my lean manufacturing bronze belt so when I'm writing the automation software I'll have a better idea of what data is valuable. I'm thinking not only lean manufacturing, but preventative diagnostics/maintenance information.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

alfablue said:
If expenses are expenses, fine. But if they are optional, then you really need to think about why you are doing it.
Click to expand...

My assumption in mookie's scenario is that the mortgage and taxes gave an income appropriate place to live.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

The Sicatoka said:
My assumption in mookie's scenario is that the mortgage and taxes gave an income appropriate place to live.
Click to expand...

So you were assuming that two different scenarios where actually the same....

They were different to show math.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

Suckers.

Anybody who is in the intersection of the Tea Party and Trump supporters is a f-cking moron.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

mookie1995 said:
The mind sees what it wants to see...
Click to expand...

So are you saying that your two different examples are actually the same one?

If so, again, is it really that hard to type the words saying that they are the same thing? No wonder there's so much confusion in the world- we are not capable of reading each other's minds.
 
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