Had a finance guy moment today. CPA told me I owed $11,000 federal today. My jaw hit the floor. How? Federal taxes get taken out of my paychecks at both jobs and I only had $20k in real estate income this year. Waiting for a call back…
Seriously how?
@FilledWithMoney
Just making up fees at this point. “Wi-Fi fee, electricity fee, couch fee, mattress fee, fee fee, nother dollar ain’t gonnna hurt fee”
@Charge327
@RobertG05688490
I declare by the rules of the internet that Chris’ comment has more likes than Roberts, therefore I declare Robert ratio’d and a dbag
Wife cashed out Pepsi stock that was gifted to her as a baby for $20k. I received $6k from my grandmas estate. Should we pay off our 3.75% mortgage 22 years early and be left with a $60k emergency fund OR buy a minivan? 🤔
@pnwpatriot3
@rn_lilydale
Why is anyone healthy under the age 60 getting the vaccine at all knowing what we do now? Anyone healthy getting the vax at this point is just asking for trouble
I made around $70k at both jobs. Wife made $55k. Real estate was $20k. I have all the standard withholdings from every check. Don’t understand how I underpaid that much in taxes
Job Offer!!!
After applying to 1,250 jobs I finally got a job offer today. Large company, pay around $70k. Haven’t accepted yet.
I’m up $500 day trading for the week on a $1,000 account. Going to have to make a decision here.
@BrandonMBlum
That’s usually split, then brokerage takes their cut, then you gotta pay the govt their fare share, usually 25%. So it’s more like 1.75-2% net
@unusual_whales
Realtors are such a scammy bottom dweller type people. There are some genuinely good ones, but most are self serving back stabbers. Worked in the industry for 4 years and see it every day.
@FinanceHippy
The people I know doing this aren’t doing it because of the stock market going down, but rather diverting funds to other expenses: higher grocery bill, higher gas, etc
@KyleLeiblein
We wouldn’t be able to afford a minivan otherwise. You think I’m excited about cashing out Pepsi to buy a minivan? Or cashing out anything to buy a minivan?
@aaronk7
What? Zillow syndicates all their data from the mls’. NAR and all the mls’ sold agents out and allowed this to happen. Now Zillow sells realtors their own leads off their mls data. How stupid is that?
Finance hack of the day:
Say your mortgage is $2k/month. Put your house in an LLC then pay your LLC $3k/month to rent it to you.
Bam $1k monthly cashflow. Plus tax write offs and stuff
@gus_tiffer
Just 1 guy. We both started selling Amazon FBA at the same time. He picked a killer product and now 6 years later he pry grosses $200k/month off that 1 product. His other products are duds. My product was seasonal and didn’t do well.
@decman52
He shot people trying to kill him. It’s called self defense and a jury agrees. They robbed themselves of their own futures when they ran down and tried to murder someone wearing a rifle
@mitchell_sorkin
Cold email one of the attorneys. Subject: DUI question. Body: I see you spend $100k/month on billboards. If I could get you the same or more clients for half the price would you be interested?
@mountainwesttax
Should they be the same or similar? I remember my CPA last year telling me I needed to withhold an additional $250 per paycheck but I didn’t. I have 2 full time W2 jobs and have the usual/default(?) withholdings for both.
@MarkELindsay
Years ago I took ivermectin to get rid of a months long dermatitis around my eyes and it worked after trying multiple other prescriptions. Did my own research, presented to my doctor, and he prescribed. Thank goodness!
@MoneyJrod
I was poor for so long that once I finally got a decent amount saved up I’m too afraid to spend it on anything to my detriment. I never want to be just scraping by again
Well I’ve applied to over 1,000 jobs. I started the end of August. These have been only data/business analyst jobs. I feel bad for people who are looking for primary employment. It’s rough out there.
I’ve been retired from real estate since July. Just had an old client who I haven’t heard from in months call and state they will probably be in the market for a $1M house in a couple months. I may have to come out of retirement temporarily to get this deal done
@realEstateTrent
As a small town guy whose never paid for public parking I still don’t get how cities build roads and public parking then charge again to park there. Like a restaurant charging you for a steak then charging you to eat it