Florida's West Coast United States
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Quote: Originally posted by LiveInGreenBay on Dec 15, 2017
Excuse me Lynn but aren't lottery winners considered rich?
KYFloyd responded with this comment; "It depends upon how much they win" Correct Floyd!
I just saw and read article that said these days you have to be worth 2.5 million to be considered "rich".
Guess I'll still be a poor slob if I win a cool mill playing the Pennsylvania New Year's Millionaire Raffle. I'll walk away with only 665 grand in my pocket. I guess I'll just have to get used to the fact that I'll have zero debt, and a very cushy monthly income in retirement that will afford me the quality of a Doctor or Lawyer's lifestyle.
Huh! Bein' a poor slob aint that bad, is it? G5
Play Smart! That's IF there is such a thing as playing smartly!!
Florida's West Coast United States
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Quote: Originally posted by DELotteryPlyr on Dec 21, 2017
"why didn't they do that for their employees earlier?"
Valid question that I agree with. Sad that it took Trump and all this we have gone through since he won to get the attention back on the American worker. But I work for a small company, an owner and 6 employees. I feel a lot better now about his ability to keep the company running since his tax bill just dropped.
Getting back to the main question - how will it effect lottery winnings?
If I understand right, claim by LLC or Trust and the rate should be lower, which is a positive to me.
I know why they didn't do it earlier 'Player.
They didn't have to make a pre-emptive strike to make themselves look good in the public's eye. To me, AT&T, Wells Fargo and others are just trying to ward off the criticism's regarding what they might actually do with their newly found multimillion dollar windfall.
I saw the news about what AT&T, FirstBancorp, Wells Fargo (among others) announced they were doing on Wednesday nite while watching CNBC. So on Thursday morning I fired off an email to the CEO of my employer asking him if my company would consider doing the same thing. I aint holdin' my breath though. Some of my co-workers said they were glad I did it, but said they thought I could get myself in hotwater for doing it. Nah. I have three sources of income - my pension, my Social Security, and my paycheck. My paycheck is by far the smallest of the three (I only work part time as I'm "semi-retired") and it wouldn't take a whole hell of a lot to replace it. So it was really more like a feisty Old Curmudgeon (me) poking the CEO in the ribs. He needed it anyway. "If the dude mess with me, I'll knock 'im out!!!"
BTW - I also saw a news report on CNBC on Friday morning that said "The bonuses are preferred by employers because they are a one time expense as opposed to wage increases which are an on going expense until the employee leaves the company." As far as Wells Fargo raising their minimum wage to $15.00 per hour, that wont cost them that much money simply because they don't have very many employees that make less than $15.00 per hour. G5
PS There's also The Mrs G5's income in this house, but there are definitely times when I think I shouldn't always count on it being all that available to me. Especially when I ask her for money so I can buy lottery tickets.
Play Smart! That's IF there is such a thing as playing smartly!!
Florida's West Coast United States
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Quote: Originally posted by Sarge0202 on Dec 22, 2017
You choose to ignore the fact that corporations have publicly stated they will use the money for stock buyback to enrich their stockholders and give bonus to their already enriched execs for bonuses for having a "good year". Boeing 18 Billion stock buyback is an example of the corporate welfare, this is not going to .... Are you ready for this... hire people, or increase salaries or bonuses for their rank and file employees. AT&T can afford to give bonuses, because they got the other Corporate Welfare of the repeal of Net Neutrality. For that, come November of next year, let me know what your "big tax cut" is minus your Internet bill going up.
You also choose to ignore the fact that your "big tax cut" expires in 2025, and every year till that it will decrease. Let me know in Feb of 2025, how well that works out for you.
Also feel free to let me know when you reach 75 and finally able to collect your Social Security and Medicare, after the Republicans rape that too, tell me how well that works out for you. Oh and I hope you have enough room for your parents or InLaws to move in with you because they won't be able to survive after the Social Security and Medicare cuts kick in, as soon as next year. Luckily, I am sure they can write off their private jet maintenance to make up the difference.
You clearly are a troll, an idiot, or both. I will not feed this troll any more and I can't fix stupid, so go somewhere else to spew your BS, comrade.
Sarge - you sound to me like you aint too much of an investor in stocks! But then I guess most Socialists aren't too big on capitalism. I wonder if Bernie Sanders ever bought any stocks. He liked handouts too - ones from the Federal government that he wanted you and I to pay for. Good hearted soul that Bernie - with MY money!!
As a stockpicker/holder I like buy-backs and increased dividends. I like share price appreciation too.
Dorry worry about the in-laws movin' in with me - they're both dead. My parents too. Already got the proceeds from both sets of parents estates too. G5
Play Smart! That's IF there is such a thing as playing smartly!!
United States
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Quote: Originally posted by GiveFive on Dec 23, 2017
Sarge - you sound to me like you aint too much of an investor in stocks! But then I guess most Socialists aren't too big on capitalism. I wonder if Bernie Sanders ever bought any stocks. He liked handouts too - ones from the Federal government that he wanted you and I to pay for. Good hearted soul that Bernie - with MY money!!
As a stockpicker/holder I like buy-backs and increased dividends. I like share price appreciation too.
Dorry worry about the in-laws movin' in with me - they're both dead. My parents too. Already got the proceeds from both sets of parents estates too. G5
I do own stocks in my 401 K plan, this is money I will not see for decades, this is money I currently pay hidden fees on. Under the "socialist" Obama, this fees started to be listed in my statements, we even go a payback from out 401 K firm over charging us. Now under "corporate criminal" tRump, that is all repealed, and they can continue to hide and rip off my 401 . With any luck, tax deferment, stock gain minus inflation and "fees" I might come out ahead of just stuffing it in the mattress.
I would love to discuss this further in a year or two when the next Republican stock market crash happens.
Sorry to hear about your parents.
I wasn't a Bernie bro, and you do realize that the end result of an unregulated capitalism is a monopoly, not good for anybody unless you are the monopoly.
Do you believe America was socialist from world war 2 till the Reagan tax cuts, when top tax rate were 70-90%, was "Socialist"? Do you realize this when the middle class was strongest and growing at the same rate as "the rich"? Do you realize that the stock market that you so worship also does better under Democratic presidents?
Green Bay United States
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Quote: Originally posted by Sarge0202 on Dec 23, 2017
I do own stocks in my 401 K plan, this is money I will not see for decades, this is money I currently pay hidden fees on. Under the "socialist" Obama, this fees started to be listed in my statements, we even go a payback from out 401 K firm over charging us. Now under "corporate criminal" tRump, that is all repealed, and they can continue to hide and rip off my 401 . With any luck, tax deferment, stock gain minus inflation and "fees" I might come out ahead of just stuffing it in the mattress.
I would love to discuss this further in a year or two when the next Republican stock market crash happens.
Sorry to hear about your parents.
I wasn't a Bernie bro, and you do realize that the end result of an unregulated capitalism is a monopoly, not good for anybody unless you are the monopoly.
Do you believe America was socialist from world war 2 till the Reagan tax cuts, when top tax rate were 70-90%, was "Socialist"? Do you realize this when the middle class was strongest and growing at the same rate as "the rich"? Do you realize that the stock market that you so worship also does better under Democratic presidents?
LOL genius, the next Republican stock market crash? You kidding me? Hey, 2007 ring a bell? Blame Bill Clinton for repealing the glass-steagal act and the democrats for the community reinvestment act. Come on admit it, you'll feel better about yourself in the morning. BTW its true the top tax rate was 70% plus back then, but you fail to recognize all the massive deductions also. Many didn't pay squat. Thank God for President Trump.
I'm done with you. Mark Twain once said "Never argue with a fool".
Florida's West Coast United States
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June 10, 2010
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Quote: Originally posted by Sarge0202 on Dec 23, 2017
I do own stocks in my 401 K plan, this is money I will not see for decades, this is money I currently pay hidden fees on. Under the "socialist" Obama, this fees started to be listed in my statements, we even go a payback from out 401 K firm over charging us. Now under "corporate criminal" tRump, that is all repealed, and they can continue to hide and rip off my 401 . With any luck, tax deferment, stock gain minus inflation and "fees" I might come out ahead of just stuffing it in the mattress.
I would love to discuss this further in a year or two when the next Republican stock market crash happens.
Sorry to hear about your parents.
I wasn't a Bernie bro, and you do realize that the end result of an unregulated capitalism is a monopoly, not good for anybody unless you are the monopoly.
Do you believe America was socialist from world war 2 till the Reagan tax cuts, when top tax rate were 70-90%, was "Socialist"? Do you realize this when the middle class was strongest and growing at the same rate as "the rich"? Do you realize that the stock market that you so worship also does better under Democratic presidents?
You're going to come out ahead. Especially if you invest in a low cost passively managed index fund. Leave it alone, don't watch everyday, and decades from now, you'll be glad you invested. You'll have The Republicans to thank for it too.
You must have a pretty good crystal ball there Sarge. I mean you knowing there's definitely gonna be a crash in a year or two. Wish mine was as clear as yours especially when I'm pickin' my Powerball numbers, but it's not. It's kinda murky. But then there's been a zillion stock market prognosticators over the years and they've mostly been wrong about the market. There's a real good chance that you're in that camp too. G5
Play Smart! That's IF there is such a thing as playing smartly!!
