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Author Topic:   Phat Unplugged
Percy
Member
Posts: 22695
From: New Hampshire
Joined: 12-23-2000
Member Rating: 3.6


Message 271 of 370 (916547)
03-06-2024 12:26 PM
Reply to: Message 269 by Percy
03-06-2024 10:08 AM


Re: The Problem With Excessive Government
Trivia question: How much does a pound of gold weigh?
--Percy

This message is a reply to:
 Message 269 by Percy, posted 03-06-2024 10:08 AM Percy has not replied

Replies to this message:
 Message 273 by AZPaul3, posted 03-06-2024 12:30 PM Percy has replied
 Message 274 by Phat, posted 03-06-2024 12:34 PM Percy has not replied
 Message 278 by Taq, posted 03-06-2024 12:45 PM Percy has replied
 Message 281 by Omnivorous, posted 03-06-2024 12:54 PM Percy has not replied

  
Percy
Member
Posts: 22695
From: New Hampshire
Joined: 12-23-2000
Member Rating: 3.6


Message 277 of 370 (916553)
03-06-2024 12:42 PM
Reply to: Message 273 by AZPaul3
03-06-2024 12:30 PM


Re: The Problem With Excessive Government
This one will do.
--Percy

This message is a reply to:
 Message 273 by AZPaul3, posted 03-06-2024 12:30 PM AZPaul3 has not replied

  
Percy
Member
Posts: 22695
From: New Hampshire
Joined: 12-23-2000
Member Rating: 3.6


Message 279 of 370 (916555)
03-06-2024 12:50 PM
Reply to: Message 278 by Taq
03-06-2024 12:45 PM


Re: The Problem With Excessive Government
--Percy

This message is a reply to:
 Message 278 by Taq, posted 03-06-2024 12:45 PM Taq has not replied

  
Percy
Member
Posts: 22695
From: New Hampshire
Joined: 12-23-2000
Member Rating: 3.6


(1)
Message 294 of 370 (916570)
03-06-2024 3:20 PM
Reply to: Message 290 by Phat
03-06-2024 2:48 PM


Re: Pounding the pound
Phat in Message 290 writes:
Thus, a Gold i ounce coin should weigh 1.0909 troy ounces or 33.931 grams.
Since gold is measured in troy ounces, a one ounce gold coin should weigh 1 troy ounce. One avoirdupois ounce of anything should weigh .91 troy ounces.
One troy ounce weighs 31.1 grams.
One avoirdupois ounce weighs 28.35 grams.
I think you meant the one ounce American Eagle gold coin (or something very similar), which does weigh 1.0909 troy ounces or 33.931 grams, but definitely does not weigh 1 avoirdupois ounce. They definitely mean one troy ounce when they say "one ounce," because this is gold we're talking about, and they're not referring to the weight of the coin but the weight of the gold in the coin.
This means the coin is about 91.67% pure (1/1.0909), and if you visit the U.S. Mint's page for the coin you'll see that they cite that figure (American Eagle Gold Proof Coin | U.S. Mint).
--Percy

This message is a reply to:
 Message 290 by Phat, posted 03-06-2024 2:48 PM Phat has seen this message but not replied

  
Percy
Member
Posts: 22695
From: New Hampshire
Joined: 12-23-2000
Member Rating: 3.6


(4)
Message 314 of 370 (916608)
03-07-2024 2:25 PM
Reply to: Message 310 by Phat
03-07-2024 9:35 AM


Re: The Problem With Excessive Government
You've been in cycles of dependency with gambling and conspiracy theories and in a cycle of neglecting your health issues for a very long while now. And this is the first time I've noticed you mention mania as an issue, which seems to be current.
Let me briefly describe what we've been observing: You tell us you're dealing with certain issues, you describe the progress you're making then you don't mention them for a while and we think everything's okay, then you suddenly reveal you've been dealing with these issues again. Over and over.
A couple years ago you seemed self-aware about the seriousness of your issues. Now you seem intent on pretending they're no big deal.
Please, get some help.
--Percy

This message is a reply to:
 Message 310 by Phat, posted 03-07-2024 9:35 AM Phat has seen this message but not replied

  
Percy
Member
Posts: 22695
From: New Hampshire
Joined: 12-23-2000
Member Rating: 3.6


Message 317 of 370 (916612)
03-07-2024 3:50 PM
Reply to: Message 310 by Phat
03-07-2024 9:35 AM


Re: The Problem With Excessive Government
Phat writes:
My goal is to get to full social security (66 and 10 months) and keep working part-time.
If you wait until age 70 you'll get 24% more. For example, if by retiring at age 66 and 10 months you would get $40,000/year, if you instead waited until age 70 you would get $49,600/year. To the extent one can know these things, this is a good idea if you project a long retirement, a bad idea otherwise.
--Percy

This message is a reply to:
 Message 310 by Phat, posted 03-07-2024 9:35 AM Phat has seen this message but not replied

Replies to this message:
 Message 318 by Tanypteryx, posted 03-07-2024 4:06 PM Percy has seen this message but not replied
 Message 320 by Theodoric, posted 03-07-2024 5:01 PM Percy has not replied

  
Percy
Member
Posts: 22695
From: New Hampshire
Joined: 12-23-2000
Member Rating: 3.6


Message 326 of 370 (916623)
03-07-2024 7:24 PM
Reply to: Message 323 by Tanypteryx
03-07-2024 7:06 PM


Re: The Problem With Excessive Government
If income tax is deducted from IRA/401k dispersals, and if more is deducted than is owed at the end of the year, as is the case when there's a refund, then no quarterly tax returns or estimated tax payments should be necessary.
--Percy

This message is a reply to:
 Message 323 by Tanypteryx, posted 03-07-2024 7:06 PM Tanypteryx has replied

Replies to this message:
 Message 328 by Tanypteryx, posted 03-07-2024 7:40 PM Percy has replied

  
Percy
Member
Posts: 22695
From: New Hampshire
Joined: 12-23-2000
Member Rating: 3.6


(1)
Message 327 of 370 (916624)
03-07-2024 7:27 PM
Reply to: Message 324 by Phat
03-07-2024 7:13 PM


Re: A Rabbit Trail About Gambling and Addiction
Inflamatory YouTube videos. Gambling. Conspiracy theories. You're an adrenaline junkie.
--Percy

This message is a reply to:
 Message 324 by Phat, posted 03-07-2024 7:13 PM Phat has replied

Replies to this message:
 Message 343 by Phat, posted 03-08-2024 2:08 AM Percy has replied

  
Percy
Member
Posts: 22695
From: New Hampshire
Joined: 12-23-2000
Member Rating: 3.6


Message 330 of 370 (916627)
03-07-2024 8:02 PM
Reply to: Message 328 by Tanypteryx
03-07-2024 7:40 PM


Re: The Problem With Excessive Government
As long as the total withheld exceeds the total tax owed then no quarterlies should be needed.
Also, the IRS is way understaffed. I always underpay, TurboTax always insists I have to file quarterlies next year, I always ignore it, and I never hear a peep from the IRS. One year I underpaid by around 30%.
--Percy

This message is a reply to:
 Message 328 by Tanypteryx, posted 03-07-2024 7:40 PM Tanypteryx has replied

Replies to this message:
 Message 331 by Omnivorous, posted 03-07-2024 8:08 PM Percy has not replied
 Message 333 by Tanypteryx, posted 03-07-2024 8:13 PM Percy has replied

  
Percy
Member
Posts: 22695
From: New Hampshire
Joined: 12-23-2000
Member Rating: 3.6


Message 334 of 370 (916631)
03-07-2024 8:16 PM
Reply to: Message 329 by Omnivorous
03-07-2024 7:59 PM


Re: The Problem With Excessive Government
Omnivorous in Message 329 writes:
We did that. Now we're rolling over as much of that tax deferred money as we can each year into a Roth account, again with mutual funds. If we don't, in later years ALL our minimum required distributions will fall into a higher tax bracket.
But don't you have to pay taxes on the rollover from a 401k/IRA into a Roth? In the higher tax brackets, since the rollover adds to the normal 401k/IRA withdrawals?
--Percy

This message is a reply to:
 Message 329 by Omnivorous, posted 03-07-2024 7:59 PM Omnivorous has replied

Replies to this message:
 Message 335 by Omnivorous, posted 03-07-2024 8:23 PM Percy has not replied

  
Percy
Member
Posts: 22695
From: New Hampshire
Joined: 12-23-2000
Member Rating: 3.6


Message 336 of 370 (916633)
03-07-2024 8:30 PM
Reply to: Message 332 by dwise1
03-07-2024 8:10 PM


Re: The Problem With Excessive Government
dwise1 in Message 332 writes:
I am about to take my first Required Minimum Disbursement (RMD) from my 401k...
...
...also examine how my RMD will affect this year's taxes (basically, it increases my taxable income to nearly double the RMD...
Yeah, we're going to have similar issues when we're both past the RMD age. Depending upon income the Medicare penalty can also come into play.
--Percy

This message is a reply to:
 Message 332 by dwise1, posted 03-07-2024 8:10 PM dwise1 has not replied

  
Percy
Member
Posts: 22695
From: New Hampshire
Joined: 12-23-2000
Member Rating: 3.6


(3)
Message 339 of 370 (916636)
03-07-2024 8:44 PM
Reply to: Message 333 by Tanypteryx
03-07-2024 8:13 PM


Re: The Problem With Excessive Government
Tanypteryx in Message 333 writes:
Yeah, our FFO would never agree to that.
Our FFO is lazy.
Funny story, I'll keep it short. Part of my work time every year was out of state, and that time wasn't taxable by the state. I tracked the hours, but the form calculations were arduous, so I did an approximation in the state's favor. I estimated that it cost around $50-100 a year, but by the time I'd completed the federal and begun work on the state I just wanted it to be over.
The state caught me after about five years and insisted I had been underpaying my taxes and was liable for taxes and penalties. I explained until I was blue in the face that my approximation was in their favor, but they would have none of it. I had to refile accurately for all five years, and it turned out that I had been underestimating how much the approximation cost. The state ended up refunding me something a little north of $1000.
--Percy

This message is a reply to:
 Message 333 by Tanypteryx, posted 03-07-2024 8:13 PM Tanypteryx has seen this message but not replied

  
Percy
Member
Posts: 22695
From: New Hampshire
Joined: 12-23-2000
Member Rating: 3.6


(1)
Message 344 of 370 (916647)
03-08-2024 10:20 AM
Reply to: Message 341 by Theodoric
03-07-2024 9:13 PM


Re: The Problem With Excessive Government
Theodoric writes:
Our 20th anniversary is this year. We are going on a Viking River cruise on The Rhine.
40th this year, Viking Cruise on the Danube in June.
--Percy

This message is a reply to:
 Message 341 by Theodoric, posted 03-07-2024 9:13 PM Theodoric has replied

Replies to this message:
 Message 347 by Theodoric, posted 03-08-2024 2:11 PM Percy has seen this message but not replied

  
Percy
Member
Posts: 22695
From: New Hampshire
Joined: 12-23-2000
Member Rating: 3.6


Message 345 of 370 (916648)
03-08-2024 10:23 AM
Reply to: Message 343 by Phat
03-08-2024 2:08 AM


Re: A Rabbit Trail About Gambling and Addiction
Phat in Message 343 writes:
...but I don't just fall for any con.
You shouldn't fall for any con. Just stop.
--Percy

This message is a reply to:
 Message 343 by Phat, posted 03-08-2024 2:08 AM Phat has seen this message but not replied

  
Percy
Member
Posts: 22695
From: New Hampshire
Joined: 12-23-2000
Member Rating: 3.6


(2)
Message 356 of 370 (919637)
07-18-2024 11:50 AM
Reply to: Message 353 by Phat
07-18-2024 10:06 AM


Re: I want to communicate rather than be a troll
Phat writes in Message 353:
The bottom line, EvC, is that I dont mean to come here to fight. I come to vent. It is therapeutic. Comments?
I wasted all those words and patient explanations on someone who was just here to vent? No wonder I eventually exploded in frustration. Please go somewhere else and vent. This is a discussion site.
--Percy

This message is a reply to:
 Message 353 by Phat, posted 07-18-2024 10:06 AM Phat has replied

Replies to this message:
 Message 358 by Phat, posted 07-18-2024 3:56 PM Percy has not replied

  
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