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  #1  
Old 01-31-2017, 02:01 PM
benhogan's Avatar
CPA/Greasemonkey
 
Join Date: Aug 2009
Location: Chapel Hill
Posts: 1,092
my kid just got his first paycheck and.....

he mentioned that he should have gotten a 'little bit' more.


ha! tonight I will sit down with him to introduce to him three new friends....


Mr. Fica, Mr. Fed and Mr. State!


These guys often have the power to change a liberal into a conservative!


Right after I explain it to him, I plan to play the Garth Brooks song "Honkeytonk bar Association". Lyrics below....


"American Honky-Tonk Bar Association"


If your paycheck depends on
The weather and the clock
If your conversation calls for
A little more than a coffee pot
If you need to pour your heart out
And try to rectify some situation
That you're facing
Contact your American Honky-Tonk Bar Association

When Uncle Sam dips in your pocket
For most things you don't mind
But when your dollar goes to all of those
Standing in a welfare line

Well rejoice you have a voice
If you're concerned about the destination
Of this great nation
It's called the American Honky-Tonk Bar Association

It represents the hardhat
Gunrack, achin'-back
Over taxed, flag-wavin', fun-lovin' crowd
They're heart is in the music
And they love to play it loud
There's no forms or applications
There's no red tape administrations
It's the American Honky-Tonk Bar Association

We're all one big family
Throughout the cities and the towns
We don't reach for handouts
we reach for those who are down
And every local chapter has a seven day a week
Available consultation
For your frustration
It's called the American Honky-Tonk Bar Association

It represents the mud flaps
Six pack, beer crack
Over-taxed, flag-wavin', fun-lovin' crowd
They're heart is in the music
And they love to play it loud
There's no forms or applications
There's no red tape administrations
It's the American Honky-Tonk Bar Association

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1987 190d 2.5Turbo
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  #2  
Old 01-31-2017, 06:18 PM
Registered User
 
Join Date: Feb 2007
Posts: 176
Introduce him to mr. 401K as well...I started my 401K back when they were first made available...started at 10% then 15% and now @ 25% of gross...my 401 is now 7 figures because I have had a say in how the $ are invested..

8=)
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  #3  
Old 01-31-2017, 08:08 PM
Botnst's Avatar
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Join Date: Jun 2003
Location: There castle.
Posts: 44,601
Me too, Stoney and IRA, too. I've encouraged my kids to do that. One of three is doing it.
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  #4  
Old 02-01-2017, 02:49 AM
Delibes's Avatar
Drat, double drat!
 
Join Date: Jul 2009
Location: EU/UAE/USA
Posts: 795
Tell him to move to the Gulf... 0% income tax here!
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  #5  
Old 02-01-2017, 04:19 PM
Kuan's Avatar
unband
 
Join Date: Jan 2001
Location: At the Birkebeiner
Posts: 3,841
He just needs to make enough. Somewhere between the SSI contribution limit and where the 39% tax kicks in.

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