PlutonianEmpire
King of the Plutonian Empire
Nvm, tasteless joke.
RANDOM RANTS XXV: Put a Smile On
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Tani Coyote
Son of Huehuecoyotl
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Grrr. Taxes.
Site A, "Anything sold before the child turns 18 will be taxed at the parent's rate."
Site B, "Any proceeds under 950 are tax-exempt."
IRS? Worthless mess.
Add further confusion from the damned sites talking about "support" of a child and whatnot and how I will still have to pay my parent's rate in certain circumstances, even after I'm 18.
The numbers don't even match up in some cases - one site says the tax-exempt amount before gift taxes is 12k, another 13k. What the heck.
I have no idea who to believe. Now I'm scared to death I'll put down the wrong tax amount when the returns are filed out - well, my Dad's doing the returns for 2010, but after that I do them - and face penalties. I don't wanna be fined/face jail for honest mistakes!
IRS site needs simplification. You think they'd be the best source for info but noooo, type in UGMA or UTMA and get so many results you don't know where to start.
Now that I'm faced with taxes, I see why people call them a mess. I have no idea where to begin. Plus there's the whole "calculate your AMT versus your standard taxes" crap.
Site A, "Anything sold before the child turns 18 will be taxed at the parent's rate."
Site B, "Any proceeds under 950 are tax-exempt."
IRS? Worthless mess.
Add further confusion from the damned sites talking about "support" of a child and whatnot and how I will still have to pay my parent's rate in certain circumstances, even after I'm 18.
The numbers don't even match up in some cases - one site says the tax-exempt amount before gift taxes is 12k, another 13k. What the heck.
I have no idea who to believe. Now I'm scared to death I'll put down the wrong tax amount when the returns are filed out - well, my Dad's doing the returns for 2010, but after that I do them - and face penalties. I don't wanna be fined/face jail for honest mistakes!
IRS site needs simplification. You think they'd be the best source for info but noooo, type in UGMA or UTMA and get so many results you don't know where to start.
Now that I'm faced with taxes, I see why people call them a mess. I have no idea where to begin. Plus there's the whole "calculate your AMT versus your standard taxes" crap.
Tani Coyote
Son of Huehuecoyotl
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- May 28, 2007
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I'm not sure if I am filing separately; I'm at least not doing it this year. If it reduces my tax burden, though, I'll happily file separately; if it doesn't do anything though, then there's no point.
My problem is I have no idea what the exact tax rates are. Every website says something different. Some have dividends and capital gains in separate groups. Others have them put in the same total unearned income figure. Then you have differing rates - some stagger it with the first 950 tax-exempt, the next 950 at the child's rate and after that, the parent's rate; others have capital gains taxed at the parent's rate regardless of amount.
It's a giant mess. Even the IRS - which, obviously, should be the first source to use - is a giant mess on the topic and can't put it in simple terms.
aimeeandbeatles
watermelon
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- Apr 5, 2007
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I have a feeling that my moms not completely there.
OK so what happened is I found out you can request photocopies of articles from magazines through the college. So there was a magazine in Halifax that I requested they photocopy an article.
So anyways tonight I try to tell mom I'll be a bit late tomorrow when she picks me up as Im going to see if the article came in from Halifax. And then she screams at me "WE'RE NOT DRIVING TO HALIFAX!!!" And then I go, "No, it's in the library" and she starts screaming more that Halifax is not in the public library. I eventually do get her straightened out though but I have no idea what she meant.
OK so what happened is I found out you can request photocopies of articles from magazines through the college. So there was a magazine in Halifax that I requested they photocopy an article.
So anyways tonight I try to tell mom I'll be a bit late tomorrow when she picks me up as Im going to see if the article came in from Halifax. And then she screams at me "WE'RE NOT DRIVING TO HALIFAX!!!" And then I go, "No, it's in the library" and she starts screaming more that Halifax is not in the public library. I eventually do get her straightened out though but I have no idea what she meant.
This sentence wins the "Understatement of the Millenium" award.
D'Artagnan59
The Gascon
Never would have guessed.
Seems like a case of misunderstanding to me. Your mum probably thought you want her to drive you to Halifax. Maybe you have a history of making such demands.
Tani Coyote
Son of Huehuecoyotl
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Rashiminos
Fool Prophet
Obama -"The empire is striking back."
Obamessiah, I presume?
Obamessiah, I presume?
aimeeandbeatles
watermelon
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- Apr 5, 2007
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.
Captain2
ಠ_ృ
One of the students freaked out in my computer class today about how quickly the teacher talks, it was pretty entertaining.
I'd personally have freaked out about the fact we're taking an hour to learn how to use Word 2007. ITS ALREADY OUT OF DATE.
I'd personally have freaked out about the fact we're taking an hour to learn how to use Word 2007. ITS ALREADY OUT OF DATE.
Tani Coyote
Son of Huehuecoyotl
- Joined
- May 28, 2007
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- 15,195
Hate hate hate hate hate not having any autonomy with stock purchases. I see opportunities fly by every damned second, and it kills me knowing money's sitting right there that could be used to capitalise, but I need to confirm things first, and in the meantime, the window closes.
Padre, be up during trading hours. Padre, stop obsessing over your long-term stocks like a hog. Padre, stop having some bizarre fetish for Sears and Lockheed Martin.
Most importantly padre, give me a more general mandate. I want to make you some cash, but I can't do so if every opportunity is voided because you're asleep or I have to run it through you. Give me a selection of stocks, SOMETHING. I'll keep you posted, but I need something to work with or else this is pointless; I'm not aging myself faster so you can be stubborn.
Furthermore, my brother was right about one thing: I am going to be sending Dad invoices for a while. This was a horrible idea.
Not because of profit/loss, but because of the inability to make any profit to begin with due to his mouth watering over absolute values rather than percentages and constant unavailability.
Padre, be up during trading hours. Padre, stop obsessing over your long-term stocks like a hog. Padre, stop having some bizarre fetish for Sears and Lockheed Martin.
Most importantly padre, give me a more general mandate. I want to make you some cash, but I can't do so if every opportunity is voided because you're asleep or I have to run it through you. Give me a selection of stocks, SOMETHING. I'll keep you posted, but I need something to work with or else this is pointless; I'm not aging myself faster so you can be stubborn.
Furthermore, my brother was right about one thing: I am going to be sending Dad invoices for a while. This was a horrible idea.
Not because of profit/loss, but because of the inability to make any profit to begin with due to his mouth watering over absolute values rather than percentages and constant unavailability.
Tani Coyote
Son of Huehuecoyotl
- Joined
- May 28, 2007
- Messages
- 15,195
Rant: Gah. No clean dishes. I wish I knew how to operate that thing.
Well, finger food is satisfactory I suppose...
How about the fact I exploit the workers of the world by giving them low-interest loans? Obviously I'm exploiting them because they totally did not consent to it because they need whatever it is they used the loan for and therefore I'm just greedy and exploitative.
How would a loan for food(hasn't happened just to clarify) be any different from employment? Exploitation!
Full-time student starting January.
Short-term trader with my own cash.
Executioner of my Dad's portfolio, collecting a small fee accordingly.
Responsible for filing invoices for my dad's business.
Banker.
Likely to gain a warehouse job once the new storage unit is up and running.
Collector of spare change.
I may not have a full-time job, but at least I'm planning for my future and trying to collect what I can.
Well, finger food is satisfactory I suppose...
I'm not sure if you could sound more bourgeois if you tried
How about the fact I exploit the workers of the world by giving them low-interest loans? Obviously I'm exploiting them because they totally did not consent to it because they need whatever it is they used the loan for and therefore I'm just greedy and exploitative.
How would a loan for food(hasn't happened just to clarify) be any different from employment? Exploitation!
Full-time student starting January.
Short-term trader with my own cash.
Executioner of my Dad's portfolio, collecting a small fee accordingly.
Responsible for filing invoices for my dad's business.
Banker.
Likely to gain a warehouse job once the new storage unit is up and running.
Collector of spare change.
I may not have a full-time job, but at least I'm planning for my future and trying to collect what I can.
Xanikk999
History junkie
I'm not sure if you could sound more bourgeois if you tried
You're a communist spy! You know what we do with spies.
Who uses the term "bourgeois" if they aren't trying to sound like a commie?
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