Holderness Family

[Anonymous]

Anonymous wrote:

Anonymous wrote:So it's it possible to be pushed into a high enough tax bracket that you lose money? That's what my mom always implied. I always urged her to apply to jeopardy because she knows all the answers abd she said, no, too many taxes.

On their podcast, they mentioned being pushed into a higher tax bracket by winning the million. They did say the $477K was estimated, but like a PP, I have always figured winners get half of what the announced winnings are.

Right now Mega Millions is showing 830M. Cash option is $487M. Figure after taxes, the actual winning is half of that. A lot of money to be sure, but kind of sucks lottery winnings are taxed so high.

Why would lottery winnings be taxed any lower than other income?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So it's it possible to be pushed into a high enough tax bracket that you lose money? That's what my mom always implied. I always urged her to apply to jeopardy because she knows all the answers abd she said, no, too many taxes.

On their podcast, they mentioned being pushed into a higher tax bracket by winning the million. They did say the $477K was estimated, but like a PP, I have always figured winners get half of what the announced winnings are.

Right now Mega Millions is showing 830M. Cash option is $487M. Figure after taxes, the actual winning is half of that. A lot of money to be sure, but kind of sucks lottery winnings are taxed so high.

Why would lottery winnings be taxed any lower than other income?

Because I feel personally these lottery programs which are supposed to allegedly be income generators for schools should allow for tax free winnings. It is a double tax. The government basically provides no service yet they want their outrageous cut. It’s criminal IMHO.

[Anonymous]

Anonymous wrote:

Anonymous wrote:So it's it possible to be pushed into a high enough tax bracket that you lose money? That's what my mom always implied. I always urged her to apply to jeopardy because she knows all the answers abd she said, no, too many taxes.

😂 no not possible.

I swear she made it seem like the government would come after our house and car if she won on Jeopardy. It made me think they named the show Jeopardy for that reason, and I wondered why all these people put themselves in jeopardy just to show off how smart they were.

[Anonymous]

Anonymous wrote:

Anonymous wrote:So it's it possible to be pushed into a high enough tax bracket that you lose money? That's what my mom always implied. I always urged her to apply to jeopardy because she knows all the answers abd she said, no, too many taxes.

😂 no not possible.

I feel as though people don't understand marginal tax rates. Yes, you could be pushed into a higher tax bracket, but you would still have a higher net income for the year.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So it's it possible to be pushed into a high enough tax bracket that you lose money? That's what my mom always implied. I always urged her to apply to jeopardy because she knows all the answers abd she said, no, too many taxes.

On their podcast, they mentioned being pushed into a higher tax bracket by winning the million. They did say the $477K was estimated, but like a PP, I have always figured winners get half of what the announced winnings are.

Right now Mega Millions is showing 830M. Cash option is $487M. Figure after taxes, the actual winning is half of that. A lot of money to be sure, but kind of sucks lottery winnings are taxed so high.

Why would lottery winnings be taxed any lower than other income?

Because I feel personally these lottery programs which are supposed to allegedly be income generators for schools should allow for tax free winnings. It is a double tax. The government basically provides no service yet they want their outrageous cut. It’s criminal IMHO.

1) Taxes are the way lotteries are income generators for schools.
2) Better to tax windfalls like lotteries than labor. Same as better to tax dead people than living workers.
3) You have an absurd definition of what is “criminal.” Taxes by definition are not criminal.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So it's it possible to be pushed into a high enough tax bracket that you lose money? That's what my mom always implied. I always urged her to apply to jeopardy because she knows all the answers abd she said, no, too many taxes.

On their podcast, they mentioned being pushed into a higher tax bracket by winning the million. They did say the $477K was estimated, but like a PP, I have always figured winners get half of what the announced winnings are.

Right now Mega Millions is showing 830M. Cash option is $487M. Figure after taxes, the actual winning is half of that. A lot of money to be sure, but kind of sucks lottery winnings are taxed so high.

Why would lottery winnings be taxed any lower than other income?

Because I feel personally these lottery programs which are supposed to allegedly be income generators for schools should allow for tax free winnings. It is a double tax. The government basically provides no service yet they want their outrageous cut. It’s criminal IMHO.

1) Taxes are the way lotteries are income generators for schools.
2) Better to tax windfalls like lotteries than labor. Same as better to tax dead people than living workers.
3) You have an absurd definition of what is “criminal.” Taxes by definition are not criminal.

Agree

[Anonymous]

They are funny. It’s good clean humor

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So it's it possible to be pushed into a high enough tax bracket that you lose money? That's what my mom always implied. I always urged her to apply to jeopardy because she knows all the answers abd she said, no, too many taxes.

😂 no not possible.

I feel as though people don't understand marginal tax rates. Yes, you could be pushed into a higher tax bracket, but you would still have a higher net income for the year.

Yes seriously ffs if you make an extra 100k and have to pay 40k in taxes you still have 60k more than you would have!

[Anonymous]

Anonymous wrote:They are funny. It’s good clean humor

The video today of the eclipse is so funny.

[Anonymous]

Anonymous wrote:

Anonymous[b wrote:]I went to college with the dad. He was part of one of the acapella groups, so he definitely can sing. [/b]

I agree I liked their stuff at first but now I find it trying to hard. They are probably trying to make money from their videos so there’s probably pressure.

I don’t like how they use their kids in their videos. Just by having them in them for such broad public consumption, it just seems exploitative and wrong.

Also, their house is typical Raleigh/Durham Style Love it or List it House porn for us DC area folks who are living in 1/2 the size house for twice the price.

He’s in his 40’s, I find it surprising he was in acapella groups in college. That really wasn’t a thing in the 90’s.

Huh? Maybe it wasn't mainstream with Hollywood movies about it, but it was definitely a thing in the 90s.

[Anonymous]

They get so old so fast the midwest neighbor is much more entertaining

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous[b wrote:]I went to college with the dad. He was part of one of the acapella groups, so he definitely can sing. [/b]

I agree I liked their stuff at first but now I find it trying to hard. They are probably trying to make money from their videos so there’s probably pressure.

I don’t like how they use their kids in their videos. Just by having them in them for such broad public consumption, it just seems exploitative and wrong.

Also, their house is typical Raleigh/Durham Style Love it or List it House porn for us DC area folks who are living in 1/2 the size house for twice the price.

He’s in his 40’s, I find it surprising he was in acapella groups in college. That really wasn’t a thing in the 90’s.

Huh? Maybe it wasn't mainstream with Hollywood movies about it, but it was definitely a thing in the 90s.

Yeah, try outs were fierce for the acapella groups at my SLAC in 1993.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous[b wrote:]I went to college with the dad. He was part of one of the acapella groups, so he definitely can sing. [/b]

I agree I liked their stuff at first but now I find it trying to hard. They are probably trying to make money from their videos so there’s probably pressure.

I don’t like how they use their kids in their videos. Just by having them in them for such broad public consumption, it just seems exploitative and wrong.

Also, their house is typical Raleigh/Durham Style Love it or List it House porn for us DC area folks who are living in 1/2 the size house for twice the price.

He’s in his 40’s, I find it surprising he was in acapella groups in college. That really wasn’t a thing in the 90’s.

Huh? Maybe it wasn't mainstream with Hollywood movies about it, but it was definitely a thing in the 90s.

Yeah, try outs were fierce for the acapella groups at my SLAC in 1993.

’
‘91 grad here. They were a significant part of my undergrad experience. My school had multiple groups and I went to many shows that they put on.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous[b wrote:]I went to college with the dad. He was part of one of the acapella groups, so he definitely can sing. [/b]

I agree I liked their stuff at first but now I find it trying to hard. They are probably trying to make money from their videos so there’s probably pressure.

I don’t like how they use their kids in their videos. Just by having them in them for such broad public consumption, it just seems exploitative and wrong.

Also, their house is typical Raleigh/Durham Style Love it or List it House porn for us DC area folks who are living in 1/2 the size house for twice the price.

He’s in his 40’s, I find it surprising he was in acapella groups in college. That really wasn’t a thing in the 90’s.

Huh? Maybe it wasn't mainstream with Hollywood movies about it, but it was definitely a thing in the 90s.

Yeah, try outs were fierce for the acapella groups at my SLAC in 1993.

He and I overlapped at UVA. Acapella was absolutely a huge thing in the 90s with competitive tryouts, groupies, etc. Pitch Perfect was late to the party.

[Anonymous]

Anonymous wrote:

Anonymous wrote:They are funny. It’s good clean humor

The video today of the eclipse is so funny.

Loved this today!