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Where does your money go?

Where does your money go?

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by: FoFa Active Indicator LED Icon 17 OP 
~ 7 years ago   Apr 6, '16 1:18pm  
Americans spend more on taxes than food, clothing, housing combinedThe Tax Foundation, in its annual report on when the nation as a whole has earned enough to pay its taxes, announced the date as April 24.> Collectively, Americans will spend more on taxes in 2016 than they will on food, clothing, and housing combined.> Americans will pay $3.3 trillion in federal taxes and $1.6 trillion in state and local taxes, for a total bill of almost $5.0 trillion, or 31 percent of the nation's income.> If you include annual federal borrowing, which represents future taxes owed, Tax Freedom Day would occur 16 days later on May 10.LINK 4951
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AuthorMan Active Indicator LED Icon 17
~ 7 years ago   Apr 6, '16 1:52pm  
Where does your money go? Let me go ask my sweet wife.BRB 4951
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PedroDePacas Active Indicator LED Icon 16
~ 7 years ago   Apr 6, '16 2:08pm  
housebillsinsuranceFood401kRoth IRAmutual fundssavingsweekend funclothingvacationsguns/ammo 4951
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shodan66 Active Indicator LED Icon 15
~ 7 years ago   Apr 6, '16 2:17pm  
I spend most of my money on guitars and beer.  The rest I just waste. **Disregard anything @FoFa might post below.  Clearly he's been drinking. 4951
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QueenB Active Indicator LED Icon 16
~ 7 years ago   Apr 6, '16 2:22pm  
A kid in flight school. And Ramen noodles for me. 4951
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FoFa Active Indicator LED Icon 17 OP 
~ 7 years ago   Apr 6, '16 2:30pm  
I spend most of my money on guitars and beer.  The rest I just waist. 
 
@shodan66: Emoticon
4951
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shodan66 Active Indicator LED Icon 15
~ 7 years ago   Apr 6, '16 2:33pm  
 
@FoFa: Something in my brain said that was wrong when I typed it but I didn't listen.
4951
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POTUS Active Indicator LED Icon
~ 7 years ago   Apr 6, '16 2:36pm  
I send half of my paycheck to my mother Martha, who lives in Kansas. 4951
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FoFa Active Indicator LED Icon 17 OP 
~ 7 years ago   Apr 6, '16 2:47pm  
Something in my brain said that was wrong when I typed it but I didn't listen.
 
@shodan66: And spell check is no help, good or bad if it sees it as proper.
Not like anything like that has EVER happened to me Emoticon 4951
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beastmode Active Indicator LED Icon 12
~ 7 years ago   Apr 6, '16 2:51pm  
The tax laws are written to pound on the middle class. So many ways to defeat taxes but not for people who try to play by the rules. One tactic, start a sham business and make it fail on paper. Huge tax break. Fairly common practice. Or buy some land, put a couple of cows on it and now you are a beef farmer! Know someone who did that sham.       4951
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AuthorMan Active Indicator LED Icon 17
~ 7 years ago   Apr 6, '16 6:02pm  
I spend most of my money on guitars and beer.  The rest I just waste. **Disregard anything @FoFa might post below.  Clearly he's been drinking.
 
@shodan66: Well, if you meant food, technically, you meant waist.
4951
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herron1345 Active Indicator LED Icon 16
~ 7 years ago   Apr 6, '16 7:56pm  
@FoFa  @shoddan66  @AuthorMan
 
4951
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Retired_Engineer Active Indicator LED Icon 13
~ 7 years ago   Apr 6, '16 8:12pm  
A friend has a rental house.  He bought a fishing camp and is also calling it a rental house so he can write off some expenses and loses.  He and his wife have been cheating on taxes for a long time.  He had his own business 20 years ago and he still uses it for write-offs even though he doesn't have a business any longer.If he wasn't such a good friend, I'd have turned him in long ago. 4951
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pickles Active Indicator LED Icon 3
~ 7 years ago   Apr 7, '16 7:22am  
Kids, Food, Taxes , dental for children , & bills insurance,mortgage, utilities, freaking satellite & cell phone 4951
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ET Active Indicator LED Icon 17
~ 7 years ago   Apr 7, '16 8:16am  
Kids, Food, Taxes , dental for children , & bills insurance,mortgage, utilities, freaking satellite & cell phone
 
@pickles:
 
The last two have become budget killers. Amazing how much gets spent there now. 4951
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FeelinMinnesota Active Indicator LED Icon
~ 7 years ago   Apr 7, '16 8:48am  
House, food, KIDS!, doctors, BILLS, gas (prices goin back up), student loans (ugh), anything left over...going to shows to forget my woes 4951
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