The Original O'l Farts Club.

[Putembk]

Reminder to all who pay quarterly taxes ..... the last payment is due in Jan 15th. Don't want a visit from Uncle Sam!

 

[jokerman]

Good Morning
Words of Wisdom for a Monday

 

[jokerman]

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Can anybody say amen?

 

[jokerman]

Girlfriend and I took 2 hits of Hazeman's Monkey Balls and were "mellow" to say the least. Shit is strong. Is like gum, just sticky and so frickin' smelly!

I've been rolling joints with papers using a dollar bill since the 60's. Stuffed one of the pre-made fill er up gizmos recently, a first. Turned out really nice. Preference is a bong though.

Girlfriend loves the Ulu knife set I worked on for her for a Christmas gift. Works great for prepping weed to smoke.

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Go Dallas Cowboys!

I had a ulu knife with the same board.
I used it to cut up nuts and pieces of dried fruit for my Mia.
She drops everything so I make it smaller for her.
The little witch would sometimes look at me and dump her seed bowl in her cage,

 

[Drifting13]

G'Morning, y'all. It's 57* & cloudy down here in the swamps. Boo I enjoyed our chat yesterday....

 

[dogzter]

Second sleep over and done with time to get crackalackin.

 

[bigsur51]

Reminder to all who pay quarterly taxes ..... the last payment is due in Jan 15th. Don't want a visit from Uncle Sam!

haven’t filed taxes for 15 years now….flying under the radar….bitcoin , gold , silver…profits cannot be tracked as long as no paperwork is involved….hehehehehe…

besides , i am just a peasant , not a millionaire like you…

 

[OleReynard]

Excuse me Sir, I'm with the IRS.
Hahaha

 

[OleReynard]

All those that sell on e-bay and the likes be getting 1099s

 

[bigsur51]

All those that sell on e-bay and the likes be getting 1099s

exactly and that’s why I don’t use them

but yeah , my bitcoin profits are tracked and I expect to get a statement from my crypto bank since the new laws went into effect…plus I sold some,property last year so I may have to make a plan….

like expat to Olon Ecuador…

 

[Putembk]

exactly and that’s why I don’t use them

but yeah , my bitcoin profits are tracked and I expect to get a statement from my crypto bank since the new laws went into effect…plus I sold some,property last year so I may have to make a plan….

like expat to Olon Ecuador…

And you think you aren't on the govt radar.

There is nothing worse than a well armed country that is broke!!!

I have had the IRS after me twice.....I learned my lesson. You pay what you owe plus 10% compounded daily.

The like to wait a few years and bam......

 

[flower~power]

Morning O'f Farts. You don't have to be old to post here but there will be a test on the 60's later.

I must’ve missed that 60’s quiz? … >>>.

 

[Putembk]

Are you collecting social security? That is taxable

 

[Putembk]

Thinking you better buy that boat and high tail it outta town

 

[dogzter]

Praying for total govt collapse is the only chance on taxes unless all of us say no together.
That would have a devastating effect and would change things quickly.........only half of us even pay taxes.

 

[bigsur51]

Are you collecting social security? That is taxable

loopholes Brother , loopholes

The year after you hit full retirement age​

After the year in which you hit full retirement age, there is no limit on what you can earn while collecting Social Security retirement benefits.



These things don’t count as income when determining whether you exceeded the income limit:

• Other government benefits.
• Investment earnings.
• Interest.
• Pensions.
• Annuities.
• Capital gains.

 

[Putembk]

loopholes Brother , loopholes

The year after you hit full retirement age​

After the year in which you hit full retirement age, there is no limit on what you can earn while collecting Social Security retirement benefits.



These things don’t count as income when determining whether you exceeded the income limit:

• Other government benefits.
• Investment earnings.
• Interest.
• Pensions.
• Annuities.
• Capital gains.

You are taxed on the social security....that is taxable income!

 

[dogzter]

Gots to tax the taxes in the name of full taxation..........you think you earned that ss?

I have been paying in since I was 12 and doubt I will see A nickel back on my investment.

 

[bigsur51]

You are taxed on the social security....that is taxable income!

not until it hits about $55k

 

[Putembk]

That is all taxable income no matter what age you are.

• Other government benefits.
• Investment earnings.
• Interest.
• Pensions.
• Annuities.
• Capital gains.

Is Social Security Taxable?​

Updated on December 7, 2023
Written by Amelia Josephson

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Social Security income is generally taxable at the federal level, though whether or not you have to pay taxes on your Social Security benefits depends on your income level. If you have other sources of retirement income, such as a 401(k) or a part-time job, then you should expect to pay some income taxes on your Social Security benefits. If you rely exclusively on your Social Security checks, though, you probably won’t pay taxes on your benefits. Regardless, it can be helpful to work with a financial advisor who can help you understand how different sources of retirement income are taxed.

Are Social Security Benefits (Income) Taxable?​

Your Social Security benefits could be taxable, depending on your situation. According to the IRS, the best way to see if you’ll owe taxes on your Social Security income is to take one-half of your Social Security benefits and add that amount to all your other income. This includes tax-exempt interest. This number is known as your combined income, and this is how it’s calculated:


All I know is I am taxed on all you have listed above. And I deal with an account and financial advisor. Big, your situation may be different but I am on the hook.

Annuities are taxed as income where profits on stocks, bitcoin and property sales are taxed as capitol gains.