Five Years, Lord Willing

Where are you and where are you going?
Jason
Posts: 195
Joined: Mon Jan 30, 2017 8:37 am

Re: Five Years, Lord Willing

Post by Jason » Fri May 05, 2017 11:46 am

I knew I owed, but I thought I had some coverage through write offs. I was wrong. Yes, I had it, so I didn't have to go on an installment payment plan that I once had to do earlier. But it sucked the life out of me.

I sell commercial. So that allows me to win and lose on a bigger scale. For instance, I had a deal out that would have netted me 65K but it blew up faster than Oprah Winfrey after her Weight Watchers endorsement expired.

Bad for me is under 75K. I like to make 100K in a good market. I have made 0. I have made 180K. So 100K is nice. Because we could save all of the money that Uncle Sam doesn't take and then I could quit and read books and watch videos of fat girls falling off of zip lines all day.

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distracted_at_work
Posts: 100
Joined: Fri Jan 13, 2017 11:51 am
Location: Western Canada

Re: Five Years, Lord Willing

Post by distracted_at_work » Fri May 05, 2017 12:16 pm

I knew you sold commercial and I wrote houses anyway, ugh my brain. Think of the bright side, it could have been much worse. What if you were all in the market (I am) and had to sell at a loss to cover a tax burden? I would cry.

Well maybe it's time for that homemade mayo recipe? Need to cover the bad year somehow... :D

Jason
Posts: 195
Joined: Mon Jan 30, 2017 8:37 am

Re: Five Years, Lord Willing

Post by Jason » Fri May 05, 2017 12:20 pm

Yes, it could have been worse, and that's why I am epistemologically self-conscious that I could come off as being an asshole. But its tough to sell off ETF's/stocks/funds that you felt were a part of your golden ticket.

Anyways, thanks for the reality check.

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distracted_at_work
Posts: 100
Joined: Fri Jan 13, 2017 11:51 am
Location: Western Canada

Re: Five Years, Lord Willing

Post by distracted_at_work » Fri May 05, 2017 2:43 pm

My pleasure. I just spent $45 on a mediocre burger and two beers. I need a forum-goer to beat me with a club.

halfmoon
Posts: 483
Joined: Mon Nov 07, 2016 10:19 pm

Re: Five Years, Lord Willing

Post by halfmoon » Fri May 05, 2017 7:36 pm

Hilarious post about the $45 burger, but now back to feeling depressed over your tax bill.
distracted_at_work wrote:
Fri May 05, 2017 12:16 pm
Think of the bright side, it could have been much worse. What if you were all in the market (I am) and had to sell at a loss to cover a tax burden? I would cry.
This could be exponentially more tragic. Back in the dark ages when I was preparing income tax returns, I was contacted by a couple whose home had been seized the previous year for delinquent income taxes. He'd been a self-employed home builder who let the whole tax issue get away from him and also didn't comprehend that letters from the IRS are more urgent than a ransom note. The property they'd owned and lived on for 20 years was seized and sold for taxes; they were left with one acre and a trailer where they currently lived with their children and a couple of dogs. My job was to tell them that, because they had bought the property for a song 20 years ago, the selling proceeds (all went to the IRS) had created a paper gain on which they now owed more taxes.

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Dragline
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Joined: Wed Aug 24, 2011 1:50 am

Re: Five Years, Lord Willing

Post by Dragline » Fri May 05, 2017 9:02 pm

Get over the taxes. Then look into 1031 exchanges.

As for the burgers, they are de minimus in your case.

Jason
Posts: 195
Joined: Mon Jan 30, 2017 8:37 am

Re: Five Years, Lord Willing

Post by Jason » Sat May 06, 2017 4:03 am

1031 Exchanges don't help me - this is tax on employment not property.

I did receive a letter from the IRS yesterday saying I overpaid by $500 which was nice. I mean that's 11 mediocre hamburgers to enjoy.

I represent this property - its a a small building with a POS two family house. Its in a flood zone. The owner is a complete scumbag. He calls me up from South Carolina to discuss it like its the Googleplex. "Jay, what's shaking. Did I tell you about the time I changed the doorknobs?" Yes, you fucking did. The house is leased by a brother and sister - one on the top floor, the other on the bottom. Last time I was in the sister's apt. my eyes started burning from the smell and mess. She is a hoarder. Plus she has the throat cancer.

Their mother was sitting outside and we got talking and its obviously a disaster. Each one of her children are paying in monthly rent pretty much what I pay in a mortgage to live in an asbestos riddled shithole, in a commercial zone, stuck in a flood plane, paying rent to an asshole landlord. I got the feeling she would suck my cock for a bag of groceries if I offered but then I could lose my license and well, pretty much everything else.

Its possible to buy an inhabitable house in the area for $250-275K. And I realized that their problem is not having $70K. Fucking $70K is the difference between at least a little domestic peace of mind or living in virtual squalor having to deal with an inveterate douchebag. So I looked at my Mint Money and realized I had $65K in non retirement and thought I need to get that to $100k in order that I could buy something in case I want to move and keep what I own.

As I have mentioned, I could give a shit about being rich. I just never want to be fuckin poor again. Poverty is fucking indignant bullshit

Jason
Posts: 195
Joined: Mon Jan 30, 2017 8:37 am

Re: Five Years, Lord Willing

Post by Jason » Thu May 18, 2017 1:57 pm

We upgraded our kitchen - 5k minus 1k in rebate = 4k. It's nice. Shiny stainless steel appliances. It's an investment in the bourgeoisie sense of the word. I know Jacob Lund Fisker sits on the edge of active volcanos waiting to roast his marshmallows, but I'm not really down on that extreme shit.

I've started to exercise. I need to lose 25 pounds. Mortality has decided to become my new constant companion and he's very much the douchebag.

Stahlmann
Posts: 169
Joined: Fri Sep 02, 2016 6:05 pm

Re: Five Years, Lord Willing

Post by Stahlmann » Fri May 26, 2017 9:35 am

Is Jason shadow banned?
I do not see any cynical comments in the feed :D

Jason
Posts: 195
Joined: Mon Jan 30, 2017 8:37 am

Re: Five Years, Lord Willing

Post by Jason » Sat May 27, 2017 9:14 am

To even think, let alone go public with the idea that a guy who lives in the Western World on 7k a year would consider a neo-Platonic solution to a materialistic problem is more offensive than anything I have ever written.

It's your call, but if I were you, I would apologize to Jacob immediately for such blasphemy.

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