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John M
climber
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May 11, 2014 - 02:44am PT
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that is the undermining of the middle-class, when 100,000 dollars a year can't buy you a home.
the only way moving to Texas or Arizona helps you is if you can get a job there with similar pay. You could do the same thing in Fresno or any of the other cities in the San Joaquin, except further north in Sacto.. but once again you would have to get similar pay to what you are making now. That isn't always easy or even possible.
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Todd Eastman
climber
Bellingham, WA
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May 11, 2014 - 02:48am PT
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Bluething, stay away from the logic, it needs advanced study...
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bluering
Trad climber
Santa Clara, CA
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May 11, 2014 - 02:54am PT
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that you are undermining of the middle-class, when 100,000 dollars a year can't buy you a home.
Who defines that? The gov't? Or the reality of the market?
the only way moving to Texas or Arizona helps you is if you can get a job there with similar pay. You could do the same thing in Fresno or any of the other cities in the San Joaquin, except further north in Sacto.. but once again you would have to get similar pay to what you are making now. That isn't always easy or even possible.
This is why California is dying. Taxes. It is as simple as that.
And this explains the expansion of Texas. No Taxes.
It's really that simple.
EDIT: Bluething, stay away from the logic, it needs advanced study...
Logic is very clear, if you think it requires "advanced study", you may being payed to do your studies by as#@&%es who require only what they want to hear.
Logic and truth are very clear and simple. Advanced science requires that, but be careful when you wield those weapons.
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John M
climber
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May 11, 2014 - 03:06am PT
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government policies can help strengthen or weaken the middle-class. the free market only works if it is well regulated.
Can you get a similar paying job in Texas? If you can't, then the move doesn't make as much sense. Where you live now is a tough housing market, but so is Dallas. You would have to commute likely an hour to get to better prices. And then there is still the matter of getting jobs with similar pay as you have now. Austin is pretty cool because of the music scene. And the food is good. I don't know the housing market there. My family lives near Dallas and Houston.
If you are making close to a hundred grand a year combined, then you should be saving money if you want to buy a home. You should be living very frugally. 100,000 a year doesn't go nearly as far as it use to.
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John M
climber
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May 11, 2014 - 03:09am PT
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And this explains the expansion of Texas. No Taxes.
Texas taxes oil production. They use that to help pay for their state government. If you recall, California tried to do the same thing and there was a fairly big reaction saying no, including from you.
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Todd Eastman
climber
Bellingham, WA
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May 11, 2014 - 03:18am PT
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Logic and truth are very clear and simple
I'll help you with this; opinion and talking points are very clear and simple...
... as you demonstrate on a near constant basis.
Thanks for the chuckles!
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bluering
Trad climber
Santa Clara, CA
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May 11, 2014 - 03:23am PT
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John, it is the establishment in Ca. Everything works AGAINST the middle class. The illegal immigrant and the elite have more rights and more tax havens, think about it!
Play by the rules, no exemptions, you're f*#ked 33% roughly. And that's just Fed taxes!
I was born/raised here. It saddens me that I have to be pushed out of my "homeland". My country has been hijacked.
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John M
climber
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May 11, 2014 - 03:36am PT
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Blue, you need to take some of the bias out of your thinking and look realistically at what you are contemplating.
Its not that much better in Texas. You still have to pay Fed taxes in Texas. There are still high property taxes and high sales taxes.
If you are paying 33 percent Fed tax, then you haven't been doing your homework. Plus it is very unlikely that you are paying that rate on your entire income. you should have a number of good tax write offs, including your child.
I will say again, if you can't get similar paying jobs in Texas, then the move doesn't make as much sense as you think it might.
you need to take a new look at buying a home. Lenders are easing up a tiny bit and the housing market is still down. A foreclosed home could be an option, but you would probably have to do some work on it. As a first time home buyer, there are also programs to help you qualify. You need to sit down with someone who understands first time buying. A home is one of the best tax write offs. You also need to take a firm look at your work situation. If your job is secure, then you should be able to find a way to buy a home, but it will take work. 100,000 thousand a year doesn't go as far as it use to, and you can't entirely blame that on the state government.
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wilbeer
Mountain climber
honeoye falls,ny.greeneck alleghenys
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May 11, 2014 - 05:49am PT
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Please tell me how this is Obamas fault.
Edit; The man is trying to keep things in Balance.
Employing the will of the people is hardly undermining Democracy,or for that matter Capitalism.
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Flip Flop
Trad climber
Truckee, CA
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May 11, 2014 - 11:01am PT
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There are some poor white trash economic theories floated by some marginal intellects in here.
Poverty is not a choice.
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AKDOG
Mountain climber
Anchorage, AK
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May 11, 2014 - 03:29pm PT
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Play by the rules, no exemptions, you're f*#ked 33% roughly. And that's just Fed taxes!
Blue if you are paying a true 33% federal tax rate you must be doing alright. Federal taxes are progressive. If you fall into the 33 percent tax bracket, it does not mean that all of your income is taxed at 33 percent. If you earn between $174,400 and $379,150 as an individual (more if you are married), you are in the 33 percent tax bracket. The first $8,500 is taxed at the 10 percent rate. Income from $8,500 up to $34,500 is taxed at a rate of 15 percent, income from $34,500 to $50,000 is taxed at 25 percent so on and so on. If your income includes long term capital gains and qualified dividends they will be taxes at a lower rate. Of course you probably know all this and are just spouting out an ignorant Rush Limbaugh sound bite to troll.
Someone with a AGI of $300K+ , their real Federal tax-rate would probably be around 24%. If you cannot be motivated to work for 300K a year because of taxes, I am sure some-else will take your place, and you can join John Galt in his choo-choo train riding around in circles up in the Colorado Rockies.
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philo
Trad climber
Is that light the end of the tunnel or a train?
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May 11, 2014 - 03:30pm PT
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So fecking funny I shet.
Firm Contracted to Build Fence on US-Mexico Border is Fined for Hiring Illegal Workers
One of the firms working on the US-Mexico Border Fence has been fined $5 million for hiring illegal immigrants. This controversy was ironically predicted by comedians such as George Lopez, who jokingly says in his new act, "They want to build a fence along the border to keep out Mexicans, but who's gonna build it?" Answer: Mexicans.
The Golden State Fence Company will not only pay a major fine, but two of its executives will have to serve jail time for the hirings.
The company's attorney stated that this all goes to show that the country needs to adopt a robust guest-worker program.
AP Photo by Denis Poroy
http://laist.com/2006/12/15/firm_contracted_to_build_fence_on_usmexico_border_is_fined_for_hiring_illegal_workers.php
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Bob D'A
Trad climber
Taos, NM
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Topic Author's Reply - May 11, 2014 - 03:46pm PT
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Ricky wrote: You pay 33% Federal tax, huh?
Blue just spews out sh#t he hears on Fox News and other right-wing sources.
The sad part is they never try to find the truth.
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HighTraverse
Trad climber
Bay Area
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May 11, 2014 - 04:26pm PT
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12:23 AM paranoia
it is the establishment in Ca. Everything works AGAINST the middle class. The illegal immigrant and the elite have more rights and more tax havens, think about it! don't friggin' blame it on the illegal immigrant on whose sweat your food is grown, your business building is cleaned and who often works 2 jobs to feed his kids. The immigrant who wants to become a citizen and just like you make a better life for his kids.
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wilbeer
Mountain climber
honeoye falls,ny.greeneck alleghenys
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May 11, 2014 - 07:09pm PT
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Regulate the financial industry? Who in the hell do you think is going to be able to do that?
How's about wanting to raise the minimum wage?
I suppose that's not trying anything ,aye?
I am not blaming Bush or the GOP,BUT ,Tell me how it is Obamas fault.
Please,humor me.
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HighTraverse
Trad climber
Bay Area
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May 11, 2014 - 07:39pm PT
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What has Obam (and the Dems) done to improve the problem of wage/income stagnation among the masses? do you actually read the news? I mean besides Faux News!
It's called minimum wage for starters.
So point your spew at McConnell and Boner
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HighTraverse
Trad climber
Bay Area
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May 11, 2014 - 07:58pm PT
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Dow Jones Industrial Average, last year of Shrub, 1st 4 years of Obama
Starts going up in the first three months of Obama's 1st term.
Not claiming the DJIA is any indication of wage stagnation. It makes Capitalists and retirement funds happy. My meager retirement fund has finally recouped everything it lost from Shrub and gained some as well.
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Chaz
Trad climber
greater Boss Angeles area
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May 11, 2014 - 07:59pm PT
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The "recovery" is on Wall Street. Not Main Street.
Especially not inner-city Main Street.
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HighTraverse
Trad climber
Bay Area
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May 11, 2014 - 08:00pm PT
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Especially not inner-city Main Street. ]
for sure
Trickle down economics really doesn't work, does it?
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Chaz
Trad climber
greater Boss Angeles area
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May 11, 2014 - 08:04pm PT
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Raising the minimum wage wouldn't help the unemployed in the inner city, yet there are people who are in favor of doing just that.
As long as the stock market is on fire, who cares about the inner-city unemployed? Most of them aren't even white, unlike the Wall Street rollers.
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