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Archive through September 09, 2007

The TVClubHouse: Big Brother 8 ARCHIVES: Big Brother 8 - Part 9: ***Quick Q & A's...*** (ARCHIVES): Archive through September 09, 2007 users admin

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Jimmer
Moderator

08-30-2000

Saturday, September 08, 2007 - 7:41 pm   Edit Post Move Post Delete Post View Post Send Jimmer a private message Print Post    
I think this is his myspace

www.myspace.com/dolphincrash

The other is under construction.

Cndeariso
Member

06-28-2004

Saturday, September 08, 2007 - 7:47 pm   Edit Post Move Post Delete Post View Post Send Cndeariso a private message Print Post    
thanks, jimmer.

Wavewatcher
Member

09-09-2006

Saturday, September 08, 2007 - 7:50 pm   Edit Post Move Post Delete Post View Post Send Wavewatcher a private message Print Post    
FYI Darclyte...about lottery and prize winnings...there is no tax on winnings for Canadians. Also, if a Canadian wins $$$ at a casino in the US and money is withheld, there is a procedure in place whereby an application is made and that withheld amount is returned. Just thought I would throw in something that makes me feel good... after tonight's POV. : (

Costacat
Member

07-15-2000

Saturday, September 08, 2007 - 7:53 pm   Edit Post Move Post Delete Post View Post Send Costacat a private message Print Post    
Canadians are not eligible to play in the BB house.

Wavewatcher
Member

09-09-2006

Saturday, September 08, 2007 - 7:59 pm   Edit Post Move Post Delete Post View Post Send Wavewatcher a private message Print Post    
I see that Dick is pretty high in the popularity polls at CBS. I was wondering if this is something from the website "Vote for the Worst" when people try to mess up the results on shows like American Idol. Then again, there really is something to that thing about wanting to see someone at their worst. It's hard to look away.

Costacat
Member

07-15-2000

Saturday, September 08, 2007 - 8:01 pm   Edit Post Move Post Delete Post View Post Send Costacat a private message Print Post    
Dick has been at the top of the polls for a loooong while now. And Daniele has been at the top or near it for winning BB8. Dick is pretty popular; there are a lot of people who like him and the way he's playing.

Jimmer
Moderator

08-30-2000

Saturday, September 08, 2007 - 8:11 pm   Edit Post Move Post Delete Post View Post Send Jimmer a private message Print Post    
There are two factors to popularity. How many people like the person and how much they like the person. The people who have enjoyed watching Dick this season seem to be very enthusiastic fans and probably vote quite a bit.

Ark
Member

07-10-2001

Saturday, September 08, 2007 - 8:41 pm   Edit Post Move Post Delete Post View Post Send Ark a private message Print Post    
What is Zach's last name?

Bonzacat
Member

07-08-2003

Saturday, September 08, 2007 - 9:15 pm   Edit Post Move Post Delete Post View Post Send Bonzacat a private message Print Post    
I posted this earlier in the House Happenings thread, so I have it at the ready.

Final Four (CBS popularity poll)



Saba
Member

05-27-2004

Saturday, September 08, 2007 - 9:26 pm   Edit Post Move Post Delete Post View Post Send Saba a private message Print Post    
Is it just me or do the endless Dexter, Californication, and Weeds commercials drive other people crazy too? And INXS? (weeds is a good show)

Bonzacat
Member

07-08-2003

Saturday, September 08, 2007 - 10:19 pm   Edit Post Move Post Delete Post View Post Send Bonzacat a private message Print Post    
Saba - those ShoToo ads make me !

Sanfranjoshfan
Member

09-17-2000

Saturday, September 08, 2007 - 10:25 pm   Edit Post Move Post Delete Post View Post Send Sanfranjoshfan a private message Print Post    
That popularity poll is skewed by votebots.

Mummy35332
Member

09-09-2005

Saturday, September 08, 2007 - 10:33 pm   Edit Post Move Post Delete Post View Post Send Mummy35332 a private message Print Post    
Regarding taxes on winnings, I have never wanted to win prizes that were not cash since I wouldn't be able to pay the taxes on the prizes without selling what I had won. I remember explaning this to my sis in law when she so wanted the HGTV Dream house. I told her I couldn't afford to win it because if I couldn't sell it before tax time, I would be sunk financially.

What has not been mentioned here about the winnings is that to tithe on a players winnings reduces your tax burden. Schedule A of the itemized 1040. Contributions to churches are charitable contributions.

I'm here late, so I know Jameka is leaving, but if she had won and tithed to 3 different churches, she would not have been slammed with a big tax bill later on. She may even have had a refund.

Oh and a tithe is strickly 10%. Above that is an offering. So Jameka could only truly tithe to one place, if each recieved 10%. The rest are offerings.

So the question becomes where do you want your money to go? The federal goverment? Or (in Jameka's case) churches that you feel can use the money in a way you feel is best.

Juju2bigdog
Member

10-27-2000

Saturday, September 08, 2007 - 11:14 pm   Edit Post Move Post Delete Post View Post Send Juju2bigdog a private message Print Post    
Um, I am not an accountant, or even particularly tax savvy, but I think the only thing tithing to three churches would do is reduce the taxable amount by 30%. She would still have to pay taxes on $350,000, wouldn't she?

Saba
Member

05-27-2004

Saturday, September 08, 2007 - 11:53 pm   Edit Post Move Post Delete Post View Post Send Saba a private message Print Post    
Ark: Zach Swerdzewski

Mummy35332
Member

09-09-2005

Sunday, September 09, 2007 - 12:19 am   Edit Post Move Post Delete Post View Post Send Mummy35332 a private message Print Post    
Some taxes would be paid, yes. But we all have a choice of where some of that taxable income goes.

Charitaible contributions reduce our tax burden.

Give to a church, the United Way, Salvation Army, Purple Heart......etc. Any place that is recognised as charity under the tax laws.

Where I live, some of these gifts even reduce your state tax burden.

What I am saying is that there is a way that not all of the money (taxes) go to the goverment.

If Jameka had been able to give 30% to three different churches, plus loseing 10% upfront, she wouldn't be hit with a big tax bill.

The donations don't even have to be done right away. Let the money sit and gain interest until the last moment, then give the money at the last minute.

Of course then there is interst income.

The point is we have choices.

Optimystic
Member

07-08-2005

Sunday, September 09, 2007 - 2:45 am   Edit Post Move Post Delete Post View Post Send Optimystic a private message Print Post    
Can someone tell me what <77> means? I see it on here fairly often. Thanks.

Neosporen
Member

08-18-2005

Sunday, September 09, 2007 - 4:27 am   Edit Post Move Post Delete Post View Post Send Neosporen a private message Print Post    
<77> ?? or did what you ask get modded??...lol

<77> means you were modded by a specific mod (I think they use the numbers as code so the admin knows who did what...

Prisonerno6
Member

08-31-2002

Sunday, September 09, 2007 - 5:42 am   Edit Post Move Post Delete Post View Post Send Prisonerno6 a private message Print Post    

quote:

If Jameka had been able to give 30% to three different churches, plus loseing 10% upfront, she wouldn't be hit with a big tax bill.




Makes no sense. All she is gaining is the taxes on the 30% -- she still loses 30%.

Let's make up some numbers. Let's say the taxes are 30%. She would pay $150,000 on $500,000 of winnings, leaving her with $350,000. IN your scenario, she's already giving away $150,000, so she pays taxes on $350,00. 30% of $350,000 is $105,000. That leaves her with only $245,000 and still a pretty hefty tax bill.

Some deductions come out of your taxes (can't think of which ones because there are very few), but charitable contributions aren't one of them. She still has to pay a significant amount of taxes on the rest, and she is still out the amount of the contribution. Charitable contributions are great ideas (and you do, in essence, contribute more than the dollar amount because of tax savings), but not for financial reasons.

Now, what would make sense is to put a chunk into a tax deferred annuity. She wouldn't pay taxes on, just like a charitable contribution, but she would get the money back for retirement, when she wouldn't have to pay as large a percentage in taxes. Heck, after paying off my mortgage an maybe buying a new car, I'd put all of it in tax deferred shelter. It's not enough to quit work on, but paying off the mortgage would free up a considerable amount of monthly income, and investing a fee hundred thousand dollars now in a retirement fund would make a huge difference in 20 years when I retire.

That way, I get most of the money, not the government.

Optimystic
Member

07-08-2005

Sunday, September 09, 2007 - 5:58 am   Edit Post Move Post Delete Post View Post Send Optimystic a private message Print Post    
Neo, that's too funny! No, I didn't get modded, but now I'll know when someone does. Thanks!

Costacat
Member

07-15-2000

Sunday, September 09, 2007 - 6:37 am   Edit Post Move Post Delete Post View Post Send Costacat a private message Print Post    
IIRC, isn't there a limit as to the maximum amount you can declare as a charitable contribution? I don't think 10% 3X is within that limit (it exceeds it). I do think 10% 1X is within that limit though. So she'd gain a tax benefit by tithing one church, but not all three.

At any rate, it's kinda a moot point now, yes? :-)

Pamy
Member

01-02-2002

Sunday, September 09, 2007 - 9:07 am   Edit Post Move Post Delete Post View Post Send Pamy a private message Print Post    
Is there a POV after the final HOH?

Jimmer
Moderator

08-30-2000

Sunday, September 09, 2007 - 9:22 am   Edit Post Move Post Delete Post View Post Send Jimmer a private message Print Post    
There is no POV. In the past, the final HOH has been split into three competitions. The winner of the first competition (endurance) automatically goes on to compete in the final competition. The remaining two compete to see who will face the winner of the first competition. The winner of the final competition is HOH and decides who will be in the final two with him or her.

Tntitanfan
Member

08-03-2001

Sunday, September 09, 2007 - 9:36 am   Edit Post Move Post Delete Post View Post Send Tntitanfan a private message Print Post    
Back to taxes - Contributions to any recognized agency, not just churches, reduce your tax liability by an amount that depends on your taxation level. At 33% you have to contribute $3 to lower your tax liability by $1.

Credits that DIRECTLY reduce your tax liability dollar for dollar are on lines 47 through 55 on the back on Form 1040. The most commonly used are: Child and Dependent Care Credit, Education Credits, and Child Tax Credit.

Pamy
Member

01-02-2002

Sunday, September 09, 2007 - 9:53 am   Edit Post Move Post Delete Post View Post Send Pamy a private message Print Post    
THX Jim!