[vizcaya]

There is a small percentage that earn more than 250k net. With all the deductions, and write-offs that is allowed in the current tax-code, its amazing how little the super-rich are actually paying.

I am nowhere close to being super rich. But I pay next to nothing in taxes.

Why? Cause I get deductions for being married, having kids, realestate taxes, and mortage interest.Now Why should I get a tax break for having kids? or purchasing a home? or for being married?

My coworker is single and makes about 10k less than I do, yet he paid twice as much in taxes than I did this year.

The Tax system is not fair. If anything I should be paying more than my coworker.

[vizcaya]

There is a small percentage that earn more than 250k net. With all the deductions, and write-offs that is allowed in the current tax-code, its amazing how little the super-rich are actually paying.

I am nowhere close to being super rich. But I pay next to nothing in taxes.

Why? Cause I get deductions for being married, having kids, realestate taxes, and mortage interest.Now Why should I get a tax break for having kids? or purchasing a home? or for being married?

My coworker is single and makes about 10k less than I do, yet he paid twice as much in taxes than I did this year.

The Tax system is not fair. If anything I should be paying more than my coworker.

[vizcaya]

Yes there are early witdrawl penalty. But no penalty for a loan. Its similiar to a home equity loan, except it is not tax deductable.

[vizcaya]

Yes there are early witdrawl penalty. But no penalty for a loan. Its similiar to a home equity loan, except it is not tax deductable.

[vizcaya]

Yes there are early witdrawl penalty. But no penalty for a loan. Its similiar to a home equity loan, except it is not tax deductable.

[vizcaya]

Yes there are early witdrawl penalty. But no penalty for a loan. Its similiar to a home equity loan, except it is not tax deductable.

[vizcaya]

Yes there are early witdrawl penalty. But no penalty for a loan. Its similiar to a home equity loan, except it is not tax deductable.

[vizcaya]

Yeah, I can make the $643 payment over the 5 years for the 36k loan.

My numbers are as follows:

36k at a average CD rate of 3.5%(Average) over 5 years yeilds:

44,398

The 36k loan will incur about:
$2,640.00 in finance charges that are paid back to me. Total payback amount is $38,640.00

I am sure I could find higher interest rate, but I am only looking to lock the money up for 6-12 months at a time, then determine were to invest.

[vizcaya]

Yeah, I can make the $643 payment over the 5 years for the 36k loan.

My numbers are as follows:

36k at a average CD rate of 3.5%(Average) over 5 years yeilds:

44,398

The 36k loan will incur about:
$2,640.00 in finance charges that are paid back to me. Total payback amount is $38,640.00

I am sure I could find higher interest rate, but I am only looking to lock the money up for 6-12 months at a time, then determine were to invest.

[vizcaya]

Yeah, I can make the $643 payment over the 5 years for the 36k loan.

My numbers are as follows:

36k at a average CD rate of 3.5%(Average) over 5 years yeilds:

44,398

The 36k loan will incur about:
$2,640.00 in finance charges that are paid back to me. Total payback amount is $38,640.00

I am sure I could find higher interest rate, but I am only looking to lock the money up for 6-12 months at a time, then determine were to invest.

[vizcaya]

Yeah, I can make the $643 payment over the 5 years for the 36k loan.

My numbers are as follows:

36k at a average CD rate of 3.5%(Average) over 5 years yeilds:

44,398

The 36k loan will incur about:
$2,640.00 in finance charges that are paid back to me. Total payback amount is $38,640.00

I am sure I could find higher interest rate, but I am only looking to lock the money up for 6-12 months at a time, then determine were to invest.

[vizcaya]

Yeah, I can make the $643 payment over the 5 years for the 36k loan.

My numbers are as follows:

36k at a average CD rate of 3.5%(Average) over 5 years yeilds:

44,398

The 36k loan will incur about:
$2,640.00 in finance charges that are paid back to me. Total payback amount is $38,640.00

I am sure I could find higher interest rate, but I am only looking to lock the money up for 6-12 months at a time, then determine were to invest.

[vizcaya]

I know a few people that can afford the payment, and will still walk away from thier homes.

For me, I will be staying in my depreciating home, and will not think about what I have gained or lost until my son graduates(10 years). I know right now I am right about even, but I did put down 20%, and therefore that is lost for now.

The ones that are looking to walk, and can afford the payment, are not happy with thier home, or neighbors, or area etc.

[vizcaya]

I know a few people that can afford the payment, and will still walk away from thier homes.

For me, I will be staying in my depreciating home, and will not think about what I have gained or lost until my son graduates(10 years). I know right now I am right about even, but I did put down 20%, and therefore that is lost for now.

The ones that are looking to walk, and can afford the payment, are not happy with thier home, or neighbors, or area etc.

[vizcaya]

I know a few people that can afford the payment, and will still walk away from thier homes.

For me, I will be staying in my depreciating home, and will not think about what I have gained or lost until my son graduates(10 years). I know right now I am right about even, but I did put down 20%, and therefore that is lost for now.

The ones that are looking to walk, and can afford the payment, are not happy with thier home, or neighbors, or area etc.

[Author]

Posts