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Stories from the Sales Frontlines

48018 messages,  Last post on Dec 01, 2009 at 1:56 PM

You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester

What is this discussion about? Car Buying


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#20178 of 48018
Re: Two in a row [richard64] by joel0622
Oct 27, 2007 (1:55 pm)
Reply

Replying to: richard64 (Oct 27, 2007 1:48 pm)

Ya things have changed. Remember years ago when the local Realators would announce the Million Dollar club for the year? Now they have the Million Dollar club each month.
#20179 of 48018
Re: Two in a row [joel0622] by jmonroe
Oct 27, 2007 (2:10 pm)
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Replying to: joel0622 (Oct 27, 2007 1:51 pm)

...and who knows how much you get nailed for taxes on $185K
 
I do and if I told you, you wouldn't believe me. It's enough to make you cry, even stop working.
 
jmonroe
#20180 of 48018
Re: Soooo.... [gogiboy] by richard64
Oct 27, 2007 (2:14 pm)
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Replying to: gogiboy (Oct 27, 2007 8:57 am)

Mark,
 
You're right of course. I guess I have the same feeling that your wife has. I spent 28 years grading high school and college English papers. Then when I became the HR Director, I spent another 12 years grading the essays required on teaching applications. Well, actually only 6 years because they made us stop requiring essays on job applications. They said that we were discriminating against clients. I never quite figured that one out. I would want my child to have a teacher who could spell,punctuate, etc.
 
Like you, I enjoy reading what the guys write. Actually, their grammar, spelling, etc. is not as bad as one would expect. You have to consider that many times these guys are at work and busy. They get in a rush to respond to the forum. If they were really composing a letter, they would do much better.
 
I just enjoy giving j,monroe a hard time, though he is a consumer like me. He rides the boys pretty hard at times. Still, his sense of humor is unique and keeps me in stitches. All of these guys are unique in the way that they express themselves. It tells you much about their personalities and how they are where they are today. If I graded them just on content, they would all get "A's".
#20182 of 48018
Re: Two in a row [joel0622] by snakeweasel
Oct 27, 2007 (2:28 pm)
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Replying to: joel0622 (Oct 27, 2007 1:51 pm)

and who knows how much you get nailed for taxes on $185K
 
The maximum would be $45,942.00 plus $2,682.50 in medicare taxes and $5,840.40 in Social Security tax, plus any state taxes.
 
Now this is presuming no tax avoidance plans in the works, its not self employment income and no itemization of deductions. So the actual amount will differ.
#20183 of 48018
Re: Two in a row [joel0622] by richard64
Oct 27, 2007 (2:33 pm)
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Replying to: joel0622 (Oct 27, 2007 1:55 pm)

You're right. I also remember when we didn't have credit cards. I didn't get my first one until I was in my late 30's. Not long before my mother passed away in 1995 at age 85, she opened a drawer in her desk and showed me all of these credit cards that had come to her in the mail. She thought that it was so nice that these banks had asked her to have one. She said that she used one once for gas and that the bank had the nerve to send her a bill! She was a bit foggy but she was cute. She and dad never charged anything---just had the house payment for 30 years.
#20184 of 48018
Re: Two in a row [snakeweasel] by joel0622
Oct 27, 2007 (2:36 pm)
Reply

Replying to: snakeweasel (Oct 27, 2007 2:28 pm)

Those folks pay more in taxes in two months then I make in a year..... WOW!!
 
But ya know what I remember the most about them other then the amount of money they make. They are some bitter people who don't seem to be enjoying life very much. They are one of the few people who I can't even get to crack a smile when they are in my office, and they know me to. They have bought several from us. It could be that they think they are above all of us here and only come out ofthere shell when they are in there own element.
#20185 of 48018
Re: Two in a row [snakeweasel] by richard64
Oct 27, 2007 (3:20 pm)
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Replying to: snakeweasel (Oct 27, 2007 2:28 pm)

Thanks for giving people the advice not to close credit card accounts. Back in the early '90's a dumb house closing attorney advised us to close four department store accounts and turn in the cards. He said that our one Visa card would be fine to use for purchases. We had excellent credit and my wife only owed small amounts on the four department store cards. Well, after we purchased the house I found out that our credit score had dropped. It took some time for it to rebuild itself. In 11 house closings, that was the only time that such a suggestion was made. We never did figure out why he wanted us to do that. My long time CPA didn't understand the reasoning either. The cash flow and assets to debt ratio were ok. We haven't closed another card out in 15 years, but we don't have but two plus a gas card any way.
#20186 of 48018
Re: Two in a row [jmonroe] by british_rover
Oct 27, 2007 (3:24 pm)
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Replying to: jmonroe (Oct 27, 2007 1:35 pm)

These were all on leases. Most of these people have the liquid assets to pay cash for just about anything they want but they would prefer not to tie up that much money in a single depreciating asset.
 
Oh and the guy with the 700,000 a month income was probably under reporting. the business he runs with his wife and father in law is truly enormous.
#20187 of 48018
Re: Two in a row [joel0622] by richard64
Oct 27, 2007 (3:36 pm)
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Replying to: joel0622 (Oct 27, 2007 2:36 pm)

Even people with money can get nervous at a car dealership. They hate to part with it. Some of the wealthiest are tighter with a dollar than the rest of us. My wife's cousin owns half of Charlotte, NC and he will stick you with the bar tab every time.
 
Though we need money to live, it really doesn't buy happiness from broken homes, drug addiction, etc. And if you are sick, the money and material possessions really don't mean a thing. At that point, you would give it all up just to be well.

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