Quoted from frankmac:

Location has lots to do with income. Just saying..
Just a comparison example:
Median Household Income
Households in Darien, CT have a median annual income of $208,848, which is more than the median annual income of $60,336 across the entire United States. This is in comparison to a median income of $208,125 in 2016,
Wichita Kansas Household Income
The Census ACS 1-year survey reports that the median household income for the Wichita Kansas metro area was $54,432 in 2017,

Quoted from cottonm4:

Maybe $252,000 is not very much where the OP lives (which he does not reveal) but where I live, $252,000.00 in my pocket would last long time. A REAL LONG TIME. I could get a different house with more room and add some pins. Maybe even buy a new car. I could even afford to give some to a charitable organization.

Quoted from cottonm4:

I acknowledged that location could make a difference in perceptions. But since you do not reveal where you live I went with what was there and applied my location circumstances to that IRS check you wrote. I guess you live in Darien CT, where everything is probably more expensive than where I live. So, to try and put things on a relative scale, can I ask if paying that amount to the IRS broke the bank and leave you living in poverty? If paying the government is shredding you to ribbons, you do indeed have my sympathy.

Quoted from DBLM:

Deleted. I wrote a thoughtful post about all of us that are hustling every day and have great lives but would not consider ourselves rich but decided to scrap it before hitting submit. It's a mindset thing that you either get it or you don't. Instead, I will give kudos to everybody at all economic levels that are bringing positive economic impact to themselves, their communities, and the companies they work for. Keep pushing.

Quoted from frankmac:

Did not break the bank
No to poverty .
It is not shredding me to ribbons.
It is not the first and not the last.
Its just the way it goes.
I feel like I am on trial..

Quoted from DBLM:

Let's end this silly discussion about taxes once and for all.

Quoted from jandrea95:

Does the government charge you a gas guzzler tax for your 79 Camaro? More importantly, why are you so rude to your little sister?

Quoted from cottonm4:

I'm not judging the man for doing well. And we all feel the tax bite. What I am looking at is a check made out to the IRS for income. We have 7 income tax brackets at the federal level. The brackets range from a low of 10% up to $9700.00 on up to a high of 37% for an income range of $510,000.00.
The 35% tax bracket is the only one that works in this situation. I see a check made for income for $98,000.00. Run the numbers
$46.000 + 35%*(X- $204,100) = $98.000. Solve for X. X =354,000. $46,000 + 35% * ( 354,000 -204,000) = $98,000
$46,000 + 35%* 150,000 = $98,000
$46,000 + 52,000 = $98,000
To have a total federal income tax of $98,000 means the total in come was $354,000. So, $350,000 - $98,000= $252,000 income.
That's $252,000 to live on and play with after you pay your taxes of $98,000.00
[quoted image]
Maybe $252,000 is not very much where the OP lives (which he does not reveal) but where I live, $252,000.00 in my pocket would last long time. A REAL LONG TIME. I could get a different house with more room and add some pins. Maybe even buy a new car. I could even afford to give some to a charitable organization.
But someone coming on and raising a stink because he only has enough money leftover to buy 4 new mid-engine Corvettes instead of 5 is my problem.
As I said to the OP, he does not get my sympathy. I'm glad he is making a lot of money. But I don't care that he had to "suffer" the standard percentage tax bite.
The ones who I do feel sorry for are those who make $9700.00 and have to pay 10% of that and is left with $8700.00 to live on for a year.

Quoted from jonesjb:

Kerry Packer's thoughts. 1:40 is gold. Gotta love Australians...

Quoted from rai:

that's brilliant.
I agree what he said minimize the taxes *I* owe. In that way I take advantage of 401K tax shelters and when I retire will be able to convert some when I'm not in a high tax rate into Roth IRAs to minimize my taxes as well as will be moving to Florida (no state income tax) to minimize my taxes. I don't want to dodge taxes but will do what's allowed to minimize what I pay the government.

Quoted from dmacy:Get your family a Corropolese red tomato pie because I see where you're from and thinking of one. MET Pro is a great game and sometimes miss mine too.

Quoted from dmacy:

Corropolese red tomato pie

Quoted from freddy:

Dave,
they sell these in north wales at the deli.
those things are gross ! come down and visit Ill treat you to a real Tomato pie DeLorenzo's!

Quoted from Atari_Daze:

Hold on to it until next year when the IRS will hit you for the extra "earned" income penalty.

Nothing is free.