Anonymous
06/04/2014 10:12
Subject: Re:$600 write-off. Am I missing something
Anonymous wrote:Well being credit dependent is one way to go through life. We bought both of our vehicles in cash and are now living on only one salary to buy our home outright in a couple years. The economic downturn taught valuable lessons about credit dependent lifestyles.
No one is talking about being credit dependent, although most people cannot afford to buy houses outright in cash in this area. Obviously most people do not have $300,000+ sitting around.
Anonymous
06/04/2014 09:39
Subject: Re:$600 write-off. Am I missing something
Anonymous wrote:Well being credit dependent is one way to go through life. We bought both of our vehicles in cash and are now living on only one salary to buy our home outright in a couple years. The economic downturn taught valuable lessons about credit dependent lifestyles.
I bet you did that on a nanny's average pay of, what did the report say, $12/hr right? Yeah, no reason to use a credit card, those nannies must be rolling in money.
Anonymous
06/04/2014 07:45
Subject: Re:$600 write-off. Am I missing something
Well being credit dependent is one way to go through life. We bought both of our vehicles in cash and are now living on only one salary to buy our home outright in a couple years. The economic downturn taught valuable lessons about credit dependent lifestyles.
Anonymous
06/04/2014 07:07
Subject: $600 write-off. Am I missing something
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Well, OP -- how would you feel if your employer decided not to pay you on the books and withhold taxes? How would that impact you?
Nope, you are not missing anything. You have discovered that the primary benefit of following the letter of the law is that sense of moral uprightness you get to feel every day. Sorry OP, it is not a better route financially. You save more off the book and your nanny makes more then her social security payments would be.
The primary benefit is *not* a sense of moral uprightness.
Your nanny has no credible employment history or credit history if she is not paid on the books.
PP, how would it impact your life if your employer decided to start paying you off the books?
More money, more freedom, more privacy, more choices.
What was your point here again?
Oh, so you don't care about having a credit history? Don't have or want a mortgage, credit card or car loan?