Please help me to help myself ... I really want to have compassion for Rep. Fleming

[miplank]

Re: Please help me to help myself ... I really want to have compassion for Rep. Flemi

Damn...it takes you almost a year to save up a grand or two?


That sucks

 

[TableFun]

Re: Please help me to help myself ... I really want to have compassion for Rep. Flemi

In all honesty, were the putting aside of money something we were able to do, then purchasing a franchise might be a nice little family business.

However, it is very difficult to put money away when you are living tight to the vest. Every time we get a little set aside, something comes up (car, health, dental, house) and poof, there goes a grand or two in the blink of an eye that took you the better part of a year to put away.

And this is not directed at you, Plank:

I don't appreciate mockery when I'm trying to understand, TableFun. I don't think my questions are unreasonable and I do appreciate Plunkey taking the time he did with his response, but his response only created more questions in my mind.

lol, not really

 

[musclemom]

Re: Please help me to help myself ... I really want to have compassion for Rep. Flemi

Damn...it takes you almost a year to save up a grand or two?


That sucks

It doesn't work exactly like that, I think of it as the slinky effect. We have a HUGE expense and it devours all of our savings or ends up going on a credit card and we have to pay it off, which prevents or seriously reduces putting any money away.

And before anyone says anything about credit cards, our card has a 4.9% purchase interest rate. For dental we have a 0%/12 mo. same as cash.

Things weren't so bad until my stepdaughter and the problems associated with her moved in (which just happened to be the same year we needed a new furnace and roof).

 

[miplank]

Re: Please help me to help myself ... I really want to have compassion for Rep. Flemi

It doesn't work exactly like that, I think of it as the slinky effect. We have a HUGE expense and it devours all of our savings or ends up going on a credit card and we have to pay it off, which prevents or seriously reduces putting any money away.

And before anyone says anything about credit cards, our card has a 4.9% purchase interest rate. For dental we have a 0%/12 mo. same as cash.

Things weren't so bad until my stepdaughter and the problems associated with her moved in (which just happened to be the same year we needed a new furnace and roof).

Don't you rent? and even if you do own, shouldn't your homeowners insurance have paid for your roof?

 

[WoodyO]

Re: Please help me to help myself ... I really want to have compassion for Rep. Flemi

Who needs a roof? A brand new tarp will run you like $50.

 

[mrplunkey]

Re: Please help me to help myself ... I really want to have compassion for Rep. Flemi

And MM... here's another thing to consider.

Your husband is paying 28% on money paid to him.

Mr. Fleming is paying anywhere from 59% (on true pay) to 41% (on shareholder distributions). He's roughly paying double your husband's rate.

But also remember Mr. Fleming is generating a huge wake of sales tax, payroll taxes, jobs, employee benefits (including some health insurance), property taxes, use taxes, license fees, etc. etc. -- and still paying 41% on what's left over.

So let's be objective for a moment: Isn't there a point where the government should stop sucking? At some point, they should stop issuing tax bills and issue thank-you notes instead.

 

[Mr. dB]

Re: Please help me to help myself ... I really want to have compassion for Rep. Flemi

It's much easier to say: "He needs to pay his fair share!!!"

Bottom line is he pays waaaaaay more in taxes than he ever takes home in pay.

You're including payroll taxes for all his employees in those numbers?

 

[musclemom]

Re: Please help me to help myself ... I really want to have compassion for Rep. Flemi

Don't you rent? and even if you do own, shouldn't your homeowners insurance have paid for your roof?

Unfortunately no, stupidly let ex stick me with house in divorce instead of saying "Let's sell" (long story, my mother's $$$ were also involved). Refinanced to get ex off deed 30 year fixed at 5.75%. The RE market in this region absolutely tanked. Houses are foreclosing regularly. The ones that are selling are going for $20k less than what I bought this place for 20 years ago.

For example, a house that I know (because tax assessor books are online and way easy to search in our township) sold for $168,000 in 2008 just sold four weeks ago for $77,500.

The roof was final layer, 20+ years old. Luckily we got slammed with lateral winds last year and this whole neighborhood was considered a catastrophe zone. The roofer was amazed that the ins. company gave us anything at all.

 

[mrplunkey]

You're including payroll taxes for all his employees in those numbers?

Only the employer's portion, which is his responsibility to pay.

 

[miplank]

Re: Please help me to help myself ... I really want to have compassion for Rep. Flemi

Unfortunately no, stupidly let ex stick me with house in divorce instead of saying "Let's sell" (long story, my mother's $$$ were also involved). Refinanced to get ex off deed 30 year fixed at 5.75%. The RE market in this region absolutely tanked. Houses are foreclosing regularly. The ones that are selling are going for $20k less than what I bought this place for 20 years ago.

For example, a house that I know (because tax assessor books are online and way easy to search in our township) sold for $168,000 in 2008 just sold four weeks ago for $77,500.

The roof was final layer, 20+ years old. Luckily we got slammed with lateral winds last year and this whole neighborhood was considered a catastrophe zone. The roofer was amazed that the ins. company gave us anything at all.

still..The insurance should've paid for the roof. You should'nt have had to come out of pocket for anything besides deductible (if you don't know how to work it).

Yeah, you would've gotten a small amount upfront from ins. on a 20 year old rough, but you would've got the remainder of the balance in recoverable depreciation once it was fixed.