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Nairaland Forum / Nairaland / General / Travel / Disadvantages Of Living Abroad Or Obodo Oyinbo (53879 Views)
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Re: Disadvantages Of Living Abroad Or Obodo Oyinbo by 1stGenAmerican(f): 2:51pm On May 11, 2023 |
kkins25: Instead of trying to embarrass me, go back and read. The link I posted was for the US Department of Labor, not the IRS. Two totally different entities. The IRS isn’t even pertinent to the discussion about the laws governing overtime pay. 2 Likes 1 Share |
Re: Disadvantages Of Living Abroad Or Obodo Oyinbo by 1stGenAmerican(f): 2:55pm On May 11, 2023 |
kkins25: While trying to embarrass me, you’ve managed to embarrass yourself. YOU hit REPLY to a post about OT pay and the DOL. The IRS website is NOT where I directed you. THIS is what I posted and what you replied to. SEE your reply in the picture RIGHT BELOW the Department of Labor Link: 2 Likes 1 Share
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Re: Disadvantages Of Living Abroad Or Obodo Oyinbo by kkins25(m): 2:57pm On May 11, 2023 |
1stGenAmerican:how are they earning $150 per hour for crying out loud? |
Re: Disadvantages Of Living Abroad Or Obodo Oyinbo by 1stGenAmerican(f): 3:03pm On May 11, 2023 |
kkins25: SHOW ME where I said anyone was making $150/hour. Because YOU CAN’T. You ghostwrote books on retirement yet don’t understand overtime pay, Labor, or even the Union that you claim you were researching this morning? I don’t have time for people who purposely try to author confusion in an attempt to embarrass others or turn alternate thoughts into facts. Our discourse here is finished, please do not tag or mention me further. 1 Like |
Re: Disadvantages Of Living Abroad Or Obodo Oyinbo by sukkot: 3:05pm On May 11, 2023 |
1stGenAmerican:1st generation can you explain to us how someone earning half a million dollars per year only gets to pay 12 percent tax 2 Likes |
Re: Disadvantages Of Living Abroad Or Obodo Oyinbo by sonnie10: 5:56pm On May 11, 2023 |
sukkot:If a couple earns $500k yearly, they could pay that low in taxes . Here is a simple illustration that are all tax exempts Assuming they both earn $250k They can each contribute half to social security So $250k would be left On that $250k, they can contribute $50k each to 401k So $150k is left On that $150 they can contribute $7k each to medical expenses tax exempt So $136k is left On the $136k they can make charitable donations of $10k each So $116k is left On the $116k they can contribute $6k towards child care to get deductions So $110k is left. Therefore for taxable income of $110k and with 2-3 qualified dependent children, they might even get some money back during taxes. Hope this helps to answer your question? |
Re: Disadvantages Of Living Abroad Or Obodo Oyinbo by upsupa(m): 7:54pm On May 11, 2023 |
sonnie10: You cannot contribute $250K towards social security. You can earn 500K as a couple and only pay 12% depends on your circumstances and deductions and your tax accountant and how you earn the money 1 Like |
Re: Disadvantages Of Living Abroad Or Obodo Oyinbo by sonnie10: 8:01pm On May 11, 2023 |
upsupa:Ok, thanks. I didn’t know that. It looks like max for SS is 9k. But you can contribute 100% of your income towards 401k. |
Re: Disadvantages Of Living Abroad Or Obodo Oyinbo by FIZZBEE: 10:14pm On May 11, 2023 |
Jungpablo:Na so dem dey do, their matter just be like person wey dey heaven, complaining of heat to person wey dey hell 😂😂😂.. 4 Likes |
Re: Disadvantages Of Living Abroad Or Obodo Oyinbo by alien1: 8:27pm On May 12, 2023 |
abbey621:System is engineered to keep you grinding.. lots of people past the retirement age still work to keep up with property tax payment et al as social security payment isn't enough 1 Like |
Re: Disadvantages Of Living Abroad Or Obodo Oyinbo by alien1: 8:30pm On May 12, 2023 |
sonnie10:Body shops takes in lots of money 1 Like |
Re: Disadvantages Of Living Abroad Or Obodo Oyinbo by Hamachi(f): 12:47pm On May 19, 2023 |
dukeaugustus: |
Re: Disadvantages Of Living Abroad Or Obodo Oyinbo by emmybobo1: 6:51pm On Jun 06, 2023 |
kkins25:Is like you haven't owned a business in Nigeria. The level of extortion business people suffer is out of this world 1 Like |
Re: Disadvantages Of Living Abroad Or Obodo Oyinbo by emmybobo1: 7:29pm On Jun 06, 2023 |
kkins25:Are you a daft or what. The 100$ is apart. You referenced an instance he's making |
Re: Disadvantages Of Living Abroad Or Obodo Oyinbo by kkins25(m): 12:09am On Jun 07, 2023 |
emmybobo1:The eoman with a small kiosk by the road side is also extorted? |
Re: Disadvantages Of Living Abroad Or Obodo Oyinbo by kkins25(m): 12:11am On Jun 07, 2023 |
emmybobo1:instance of what? |
Re: Disadvantages Of Living Abroad Or Obodo Oyinbo by lastkingsman: 9:10pm On Jun 07, 2023 |
Abi1985: |
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