HSX Forum

TVStocks, MusicStocks and Life

1-what are we to do about people not saving for the future? The huge majority COULD save something, and the sooner they start the less it

Posted by: forlorne on Apr 17, 13:37 in response to islndr's post "only 32% of Americans are saving for retirement in...

takes. If you're going to say people can't afford to save anything, I challenge you to find me someone I can't find with discretionary spending.

Besides 401Ks, there are: 

  • 403(b)
  • traditional pensions
  • annuities of various types
  • Solo 401(k) 
  • SEP IRA
  • Simple IRA
  • IRA
  • Roth IRA
  • Health savings account
  • under the mattress or buried in a Mason jar

"Face It: You (Probably) Got a Tax Cut". The Tax Policy Center estimates 65% of people paid less under the law, 6% paid more, 29%-no change PhoneHome Apr 15, 06:20

just finished taxes. total owed between fed and state: $586 OUCH {nm} islndr Apr 15, 07:01

between that and the miniscule extra i got weekly, it was a wash {nm} islndr Apr 15, 07:02

Had to pay for the first time in many many years ($3000)...ouch {nm} YouDontKnow Apr 15, 09:01

Ouch indeed. Something's not set up right. Be sure to adjust the amount being withheld from your check to avoid a repeat this year. {nm} PhoneHome Apr 15, 09:47

what's the expression?...moving furniture around? {nm} tealfan Apr 15, 09:56

"Rearranging the deck chairs on the Titanic." {nm} DTravel Apr 15, 12:58

that sweet $1.50 a week professor zovek Apr 15, 13:45

I paid less but I had to go to an accountant to figure out where to deduct my work expenses and I moved to a state Moviesnob Apr 15, 13:54

Sounds like Texas, Florida, or Nevada. {nm} PhoneHome Apr 15, 20:02

stars at night... {nm} Moviesnob Apr 15, 20:25

So you were in the 29% break even and not in the majority. Sucks to be you. {nm} PhoneHome Apr 15, 20:01

on average, Jamie Dimon and I are saving a couple billion a year between the two of us. score! {nm} professor zovek Apr 15, 22:41

44% pay no federal income taxes at all {nm} forlorne Apr 16, 07:36

Because they don't earn enough money. RogerMore Apr 16, 11:03

I get it, I wasn't making any point about "mooching", just that if you don't pay any taxes, you can't get a lower forlorne Apr 16, 14:02

How do you feel about the largest corporations in the USA not paying any tax at all? Zip. Zero. Zilch. {nm} BSmurf Apr 16, 17:17

Corporations do not pay tax, it is just another hidden tax on whoever uses their products. Passed on as a cost of doing business. {nm} forlorne Apr 17, 06:19

Exactly! If their tax goes up, their price goes up. Then you pay the tax. When their tax goes down, your 401k goes up, economy benefits. {nm} PhoneHome Apr 17, 08:44

record corportate profits and multimillion dollar ceos, yet cant pay a liveable wage. and you know most americans dont have a 401k islndr Apr 17, 09:12

Wages are based on supply and demand. If there is a line of people that can and want to do what you do, wages forlorne Apr 17, 12:09

False information. Corporations do pay "living wages" and most working Americans do have 401k's or other retirement plans. {nm} PhoneHome Apr 17, 12:57

"only 32% of Americans are saving for retirement in a 401(k)" (and that includes miniscule amounts too) islndr Apr 17, 13:24

1-what are we to do about people not saving for the future? The huge majority COULD save something, and the sooner they start the less it forlorne Apr 17, 13:37

People on low incomes do save, but they save for problems like emergency medical care, or car repair, or money to get them through when they RogerMore Apr 17, 16:57

Only 21% have no retirement savings. Your sources must be the propaganda rags. PhoneHome Apr 17, 20:39

It gets passed on, but not necessarily to consumers. No one actually knows for sure where the burden of corporate tax falls in practice. RogerMore Apr 17, 09:07

Not on CEO salaries. corporate taxes are yet another scam to convince people someone else is paying. {nm} forlorne Apr 17, 12:10

Nah, there are a bunch of good reasons for corporate taxes, you're just choosing to ignore them. {nm} RogerMore Apr 17, 17:07

Examples? {nm} forlorne Apr 18, 07:02

"If there weren't, every individual who could would corporatise themselves for tax minimization purposes." RogerMore Apr 18, 09:35





Post a Reply

To post to the forums you must first login!


The Fall Guy (FALGY) 84909 79.30 (-0.69)          The Batman: Part II (TBAT2) 50000 258.87 (-3.77)          The Strangers: Chapter 1 (STRN3) 150000 26.81 (-1.95)          Avengers 5 (AVNG5) 50000 354.62 (+0.75)          Caleb Landry Jones (CLJON) 25000 14.82 (0.00)          Nick Offerman (NOFFE) 311 44.65 (-0.50)          Toy Story 5 (TOYS5) 50000 264.03 (+0.04)          Russell Crowe (RCROW) 25000 62.81 (-0.25)          Cleopatra (CLEOP) 2000 57.69 (-0.32)          Weapons (WEPNS) 400 26.46 (+0.55)          Weapons (WEPNS) 1600 26.46 (+0.55)          Jurassic World Event Film (JURA7) 50000 257.01 (-2.35)          Karen Gillan (KGILL) 25000 104.30 (+1.33)          The Fire Inside aka Flint Strong (FLNTS) 149999 6.10 (+1.30)          Scarface (SCARF) 1 3.26 (+0.01)          The Wedding Banquet (TWEDB) 2000 10.09 (+0.63)          The Wedding Banquet (TWEDB) 2000 10.09 (+0.63)          Love Me (LOVME) 1 3.64 (+0.19)          Mina Harker aka Dracula - Blumho (DRACU) 1 3.07 (+0.03)          Deadpool & Wolverine (DEAD3) 1000 383.13 (+0.74)          Wildcat (WLDCT) 30000 0.81 (-0.06)          Jack O'Connell (JAOCO) 25000 5.83 (-0.30)          Twilight of the Warriors: Walled (TOWWI) 1 1.90 (+0.18)          Thelma (THELM) 1 4.26 (+0.03)          Calamity Hustle (CLMTY) 10800 55.78 (+1.53)          Calamity Hustle (CLMTY) 2000 55.78 (+1.53)          By All (BYALL) 1 4.84 (+0.02)          What You Wish For (WYWF) 1 0.56 (+0.04)          Creed IV (CREE4) 4999 58.93 (-0.15)          The Day the Earth Blew Up: A Loo (DTEBU) 4999 33.82 (-0.01)          Final Destination 6: Bloodlines (FDES6) 4999 16.79 (-0.02)          Robotech (RTECH) 55000 14.92 (-0.04)          The Last Showgirl (TLSHG) 1 5.38 (+0.01)          Novocaine (NOVCN) 24999 24.52 (+0.07)          Friday Night Lights (FRIN2) 1 1.99 (0.00)          Calamity Hustle (CLMTY) 1 55.78 (+1.53)          Bambi (BAMBI) 25555 35.08 (-0.21)          Summer Camp (SUMCP) 3 11.58 (+0.51)          IF (IMGNF) 150000 111.21 (-2.46)          Summer Camp (SUMCP) 3 11.58 (+0.51)          A Simple Favor 2 (ASFA2) 45000 17.51 (-0.44)          Winner (WINNR) 1 2.58 (+0.02)          The Wedding Banquet (TWEDB) 50 10.09 (+0.63)          The Familiars (FAMIL) 25000 19.19 (-0.07)          The Wedding Banquet (TWEDB) 2 10.09 (+0.63)          Rumours (RUMRS) 75000 6.59 (-0.13)          Calamity Hustle (CLMTY) 150000 55.78 (+1.53)          Anora (ANORA) 1 5.03 (-0.04)          Shrunk (SHRUN) 1 2.40 (0.00)          Anora (ANORA) 25000 5.03 (-0.04)