garvatron
| Favorite team: | New Orleans Saints  |
| Location: | |
| Biography: | |
| Interests: | |
| Occupation: | |
| Number of Posts: | 229 |
| Registered on: | 8/8/2008 |
| Online Status: | Not Online |
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re: Trump or DeSantis PT straw poll
Posted by garvatron on 1/14/22 at 2:50 pm
Anyone else surprised by these results? PT has always seemed like a place where any criticism of Trump whatsoever gets met with pushback. Seems there may be a silent majority on the board.
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re: Olympic Athletes to sleep on cardboard beds to discourage sex
Posted by garvatron on 7/23/21 at 3:53 pm
The Olympics are still happening?
re: White Supremacy is our greatest thre...
Posted by garvatron on 6/24/21 at 4:11 pm
Kimchi cant really be a last name. At least not an Israeli one.
re: NFL player Cole Beasley releases statement on vax
Posted by garvatron on 6/18/21 at 4:22 pm
quote:
I mean that’s great but did he just release screenshots of his unedited steam of consciousness iPhone memo app?
I was thinking that too. However I have seen that a bit lately. I think Colston did the same thing when he drove the bus over Drew. I guess its the next best option when you can't fit a thought into a tweet or tik tok.
re: Today is Sean Payton's wedding day
Posted by garvatron on 6/18/21 at 3:51 pm
Married in the offseason? I thought for sure he'd wait until the Saturday before a division game to tie the knot.
re: Looking to get a travel rewards card.
Posted by garvatron on 6/1/21 at 1:05 pm
Definitely Chase Sapphire. Reserve gets you 1.5x on UR (Ultimate Rewards) used towards travel.
What is a "good" ROI on a personal portfolio?
Posted by garvatron on 5/31/21 at 11:34 am
I know this is subjective, but looking for a general range for target ROI on a portfolio. I believe the S&P is historically around 10% (maybe a bit higher in the recent short-term). What do you guys target?
re: Sweden Goes From Being One of the Safest Countries in Europe to the Second Most Dangerous
Posted by garvatron on 5/26/21 at 2:30 pm
Oh no! White supremacy made its way to Sweden!
Residential real estate price drivers
Posted by garvatron on 5/25/21 at 6:09 pm
Seems low inventory, cheap money, high cost of materials, and COVID are really driving up the costs of residential real estate. Now that WFH is looking to be more mainstream and permanent for many, these homes are also becoming places of business. I would assume some of the commercial real estate capital is also moving to residential as well.
But realistically how much higher can it go? At some point there will hit a point where even the average joe levered to the gills can't afford to buy a home. It feels like a bubble, but not exactly the same as in 2008. Any reason to believe things might cool off in the near future for those of us hoping to own at some point? Or will we have to wait for the boomers to die off?
But realistically how much higher can it go? At some point there will hit a point where even the average joe levered to the gills can't afford to buy a home. It feels like a bubble, but not exactly the same as in 2008. Any reason to believe things might cool off in the near future for those of us hoping to own at some point? Or will we have to wait for the boomers to die off?
re: Tax Question- Working a Side Hustle that 1099s You, No Withholding
Posted by garvatron on 5/25/21 at 5:57 pm
Tax CPA here. So far what everyone has said is correct about quarterly payments.
Few other things to consider.
- Depending on the nature of the work you may be able to take deductions against that business income. It is important to take that into account when determining how much to pay quarterly.
- You will have to pay all payroll taxes unlike with your job where your employer pays half. (SE tax is about 15% total in addition to federal income taxes owed)
- You only need to pay in for this year 100% of what you owed last year. So if that is covered by your W-2 withholdings, then you are covered by the IRS safe harbor and theoretically wouldn't need to make estimated payments. You could just pay on April 15 2022.
Few other things to consider.
- Depending on the nature of the work you may be able to take deductions against that business income. It is important to take that into account when determining how much to pay quarterly.
- You will have to pay all payroll taxes unlike with your job where your employer pays half. (SE tax is about 15% total in addition to federal income taxes owed)
- You only need to pay in for this year 100% of what you owed last year. So if that is covered by your W-2 withholdings, then you are covered by the IRS safe harbor and theoretically wouldn't need to make estimated payments. You could just pay on April 15 2022.
re: NYC man, 29, wearing yarmulke attacked by group of males who kick punch & pepper spray him
Posted by garvatron on 5/24/21 at 6:37 pm
But the word Jewish is already capitalized in writing. How else are we going to combat this?
re: Elliot Page goes topless
Posted by garvatron on 5/24/21 at 6:22 pm
quote:
What happened to his sweet stack-able washer/dryer in the 3rd pic?
There was no longer enough room for the both of them.
re: Elliot Page goes topless
Posted by garvatron on 5/24/21 at 6:19 pm
These two pictures have me feeling....confused.
re: Florida Teacher Gets Fired Over CRT Ban
Posted by garvatron on 5/21/21 at 6:40 pm
Is Florida becoming the last land of the rational in this country?
re: Has anyone else had enough of Vanguard?
Posted by garvatron on 5/21/21 at 5:41 pm
quote:
Has anyone else had enough of Vanguard?
Yep! Can't wait to roll out of my 401k into another brokerage.
re: Gates controls 10% of John Deere
Posted by garvatron on 5/19/21 at 4:24 pm
re: We need a 9/11 style investigation for 01/6/21 but no need to investigate the 2020 GE…hmm
Posted by garvatron on 5/18/21 at 5:46 pm
quote:
how many times you trump folks gonna rehash trumps loss.
Rigged is rigged.
re: New Orleans Saints re-sign CB Ken Crawley
Posted by garvatron on 5/17/21 at 5:07 pm
Like Crawley, I guess the Saints just can't let go.
Self-directed IRAs??
Posted by garvatron on 5/6/21 at 11:40 am
Thinking about getting a self-directed ROTH IRA to hold things like crypto. Anyone have experience with this? I know it takes a little bit of work and money to get setup but potentially big rewards in tax savings and diversity in assets you can hold in a ROTH.
re: Any credit card churners on here?
Posted by garvatron on 5/6/21 at 11:36 am
quote:
How does this not kill credit scores?
If you open too many accounts or have too many inquiries in a short period then you can get temporarily dinged, however this usually recovers quickly and the benefit of more lines and higher overall credit line outweigh the hit to your score.
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