client making 90k pays more taxes because of Obama

[wabashwonders]

What about the .9% Medicare tax on wages and self-employment income? I know your response will be that it doesn't affect "the average family", but you will be wrong. They didn't index the 200k/250k thresholds for inflation, therefore, this tax will begin to affect plenty of families in the coming years.

I don't see that mentioned amongst Willie's responses. I am not arguing that some will see increases for some things. But the ones mentioned by Willie will not affect most average families plus he inflated it to the highest degree just to elevate his point.


So you were wrong about my response.

 

[wabashwonders]

Of course Willie is a liar.

CPA or not, you can't be making shit up on this here forum because you are a racist Willie dontchaknow.

Didn't say he is a liar. I just think he is wrong that these inflated increases he mentions will affect most average Americans. I know , Willie being wrong about something, hard to believe I know.

And what the fuck does race have to do with this? Why do some of you continue to bring up race where it doesn't belong ?

 

[Willie99]

The average family will not be affected by any of these. You use the word potential in each case which proves my point. Some will but like me in the earlier post, they will be in the minority.

I use the word potential because they are taxes increases that can impact the average american family. I use the word potential because they can potentially increase taxes for people making far far far far below the
$ 200,000 or $ 250,000 thresholds. I use the word potential because it's the truth, and because such increases do not impact all Americans. I used the word potential because I'm pragmatic and my arguments are factual.

I once again prove my position beyond a shadow of a doubt, although you once again fail to comprehend it. I did absolutely nothing to prove your point, whatever on earth that may be.

But you have once again proved one of my repetitive talking points, trying to have a fact based rational conversation with liberals is a waste of time.

 

[Willie99]

I don't see that mentioned amongst Willie's responses. I am not arguing that some will see increases for some things. But the ones mentioned by Willie will not affect most average families plus he inflated it to the highest degree just to elevate his point.


So you were wrong about my response.

you are 100% wrong, you simply choose to argue facts of which you have no knowledge.

it's good for you no tax increases ever impact you for some strange reason, and you now have the best insurance you ever had. To make that possible, taxes, fees, higher premiums and insurance policies were taken from other people. money really doesn't grow on trees

do you really think you get to define what a tax increase is? or maybe what the average american family is? when I argue something impacts people earning less than 200k or 250k, it's a fact of life. That doesn't mean I'm arguing such impacts EVERYONE earning less than those amounts, and I'm certainly not silly enough to argue such adversely impacts the wabashwonders of this world, some people are never impacted by tax increases of any sort.

 

[wabashwonders]

you are 100% wrong, you simply choose to argue facts of which you have no knowledge.

it's good for you no tax increases ever impact you for some strange reason, and you now have the best insurance you ever had. To make that possible, taxes, fees, higher premiums and insurance policies were taken from other people. money really doesn't grow on trees

do you really think you get to define what a tax increase is? or maybe what the average american family is? when I argue something impacts people earning less than 200k or 250k, it's a fact of life. That doesn't mean I'm arguing such impacts EVERYONE earning less than those amounts, and I'm certainly not silly enough to argue such adversely impacts the wabashwonders of this world, some people are never impacted by tax increases of any sort.

I notice you did not explain to us how a person will pay up to $1250 more in taxes just because they can't buy OTC drugs anymore because that is simply not true. The way a person saves tax dollars with an HSA is by putting money into the account and that's it!! Whether or not you can spend that money on OTC drugs or not has absolutely no bearing on the tax savings. As a tax consultant you should be advising your clients to put the max amount($6550 or $7550 if over 55) into their HSA. That's what gives them their tax savings. Just because they can't use that now for OTC drugs does not take away from that tax savings. So you saying a person is paying up to $1250 more in taxes is totally wrong.

Also, you failed to tell us how many average Americans you know who have balances in their HSA that they no longer use? Are you serious? What average family does not have medical costs, or dental costs or eye vision costs? Just because you are a tax man you think everyone here is going to believe everything you say but as usual you are wrong.

I never said some people are not affected by some new laws. But the 2 I just explained that you say will affect people are not ones that will and yet want people to believe a person will pay up to $1250more in taxes just because they can't use HSA funds to buy OTC drugs.


Ove over had an HSA for 10 years so I lnow exactly how they work and how you save tax dollars with them.

 

[Willie99]

I notice you did not explain to us how a person will pay up to $1250 more in taxes just because they can't buy OTC drugs anymore because that is simply not true. The way a person saves tax dollars with an HSA is by putting money into the account and that's it!! Whether or not you can spend that money on OTC drugs or not has absolutely no bearing on the tax savings. As a tax consultant you should be advising your clients to put the max amount($6550 or $7550 if over 55) into their HSA. That's what gives them their tax savings. Just because they can't use that now for OTC drugs does not take away from that tax savings. So you saying a person is paying up to $1250 more in taxes is totally wrong.

Also, you failed to tell us how many average Americans you know who have balances in their HSA that they no longer use? Are you serious? What average family does not have medical costs, or dental costs or eye vision costs? Just because you are a tax man you think everyone here is going to believe everything you say but as usual you are wrong.

I never said some people are not affected by some new laws. But the 2 I just explained that you say will affect people are not ones that will and yet want people to believe a person will pay up to $1250more in taxes just because they can't use HSA funds to buy OTC drugs.


Ove over had an HSA for 10 years so I lnow exactly how they work and how you save tax dollars with them.

really? I need to explain this to you?

1) what if you used your HSA to pay for OTC medicine because that's what you use? or do you get to define what's necessary or not too?

2) do you even know why HSA's exist? if you did, then you wouldn't have to axe question number two. They exist to cover expenses not covered by high deductible plans. If you change plans and no longer participate in a high deductible plan, if your co-pays have been eliminated or substantially reduced, you may not ever use the money you have sitting there.

duh, that was fucking hard man, you got any more of them there intellectually challenging questions?

dude, if I said it, if I said there's are potential tax increases to lower income individuals, it's just a fact that you're going to have to accept. I'm sorry about that.

It should be obvious by now you simply don't have the knowledge base in these areas that I do, and you haven't thought anything through. If you did, you wouldn't think you stumped me somehow.

damn, what does it take?

 

[Dave007inVegas]

I don't see that mentioned amongst Willie's responses. I am not arguing that some will see increases for some things. But the ones mentioned by Willie will not affect most average families plus he inflated it to the highest degree just to elevate his point.


So you were wrong about my response.

I think you should join the sanctimonious crowd here and demand an apology.

 

[1osubucks]

the threshold for medical expenses to exceed before they become tax deductible has been increased from 7.5% to 10% for people under the age of 65, it will impact people 65 and older beginning 2016 (it was "delayed" for them)

a 2.5% increase
2.5% of 90k = $ 2,250
25% of $ 2,250 = $ 562 tax increase

what other tax increases impact "average americans" in 2013?
limits on FSA contributions decreased $ 2,500 (potential $ 625 tax increase)
OTC drugs no longer eligible for HSA distributions (potential $ 1,250 tax increase)
increased penalty on non qualified HSA distributions (potential for $ 500 per year, but a lot more for people who have large balances but no longer need an HSA)


never mind the penalty tax, and never the fact that when you increase the costs of anything (especially massive increases), those costs are always always always always based on to the consumer (that's the type of reality liberals tend to avoid like the black plague)

Willie you are speaking Greek to the simple mind liberals please keep it in terms they can understand like 1+1=2

 

[wabashwonders]

really? I need to explain this to you?

1) what if you used your HSA to pay for OTC medicine because that's what you use? or do you get to define what's necessary or not too?

2) do you even know why HSA's exist? if you did, then you wouldn't have to axe question number two. They exist to cover expenses not covered by high deductible plans. If you change plans and no longer participate in a high deductible plan, if your co-pays have been eliminated or substantially reduced, you may not ever use the money you have sitting there.

duh, that was fucking hard man, you got any more of them there intellectually challenging questions?

dude, if I said it, if I said there's are potential tax increases to lower income individuals, it's just a fact that you're going to have to accept. I'm sorry about that.

It should be obvious by now you simply don't have the knowledge base in these areas that I do, and you haven't thought anything through. If you did, you wouldn't think you stumped me somehow.

damn, what does it take?

Even if you change plans you can still use HSA funds to pay for qualified medical costs. What you can't do is continue to contribute to the HSA unless you stay with a HDP. And I know this for a fact because a few years after I started my HSA, I switched one year back to a normal PPO because I was getting a procedure done that year was not covered under the HDP and was cheaper to go back for that one year. I could not contribute to my HSA that year but could still use the funds to pay my expenses. So you are wrong as usual about that.

As to number 1. Are you trying to say that the average family only buys OTC drugs and that's it! No other medical costs anywhere? No dr visits at all? No dentist? No eye doctor? Like I said, the tax savings is based on what it put into the HSA, not what it's spent on. If you are trying to tell me that a person will spend $5000 a year on OTC drugs and nothing else you are a fool. Because $5000 is what they need to put in their HSA to save $1250 in taxes. But remember, they can still put that money in there and save on taxes. So the tax savings option is still there if they so choose even if they can't use the funds on OTC drugs, they can surely use it elsewhere.

Also, for those who don't know, HSA can also be used after you retire to pay medical costs, including some insurance premiums.(like Cobra for example) Also once you reach 65, there is no penalty do the money can be withdrawn without penalty for any use(still have to pay normal taxes though if it's a non qualified withdrawal.)

Maybe you need to study HSA more because you don't know much about them.

 

[wabashwonders]

The more I think about it the harder I laugh that Willie thinks HSA can only be used if you have a HDP. And he calls himself a tax man. He probably screwed his clients out if money just because he doesn't understand how a HSA works. Don't feel too bad Willie, they are complicated and took me a couple minutes to understand them too.

 

[Willie99]

man, you either distort everything and / or don't comprehend anything

Of course you can still pay for qualified expenses if you no longer participate in a high deductible plan, I made it 100% obvious (at least My words were structured to make such so) that you may not have such expenses any more, or you may have a lot less of such expenses because such expenses are now covered. You are one dense mother fucker.

I prepare scores of tax returns addressing every HSA issue each and every year, you don't know more than me, you can't teach me, and I never said you can't continue to use the funds already in the plan. Unlike you, I don't talk about things of which I have no knowledge.

Thanks for telling us you can no longer contribute to an HSA if you're no longer part of a high deductible plan. Props for getting something right, whoop whoop whoop.

I never said the average family does anything, you're the one that thinks he can define how others live. I'm only pointing out situations where what I said occurs, you were dumb enough to ask the stupid question where the answer should have been obvious. And yes, somewhere taxpayers were impacted exactly has I said they can be.

Gee whiz, you're right about age 65 issues too. But your lying stupid ass implies yet another lie about my arguments.

You can't compete. I'm right about everything I said, I answered your silly questions, and you find it necessary to lie about positions I've taken and create positions I haven't taken.

You are a classic libtard. A liar not impacted by any tax increases and better off under Obama. Too fucking funny. I come in here and post about reality, and this is where it goes with your ilk. It's tradition for those who have no other traditions

 

[Dave007inVegas]

Willie you are speaking Greek to the simple mind liberals please keep it in terms they can understand like 1+1=3

Fixed it. Now they’ll understand.

 

[wabashwonders]

man, you either distort everything and / or don't comprehend anything

Of course you can still pay for qualified expenses if you no longer participate in a high deductible plan, I made it 100% obvious (at least My words were structured to make such so) that you may not have such expenses any more, or you may have a lot less of such expenses because such expenses are now covered. You are one dense mother fucker.

I prepare scores of tax returns addressing every HSA issue each and every year, you don't know more than me, you can't teach me, and I never said you can't continue to use the funds already in the plan. Unlike you, I don't talk about things of which I have no knowledge.

Thanks for telling us you can no longer contribute to an HSA if you're no longer part of a high deductible plan. Props for getting something right, whoop whoop whoop.

I never said the average family does anything, you're the one that thinks he can define how others live. I'm only pointing out situations where what I said occurs, you were dumb enough to ask the stupid question where the answer should have been obvious. And yes, somewhere taxpayers were impacted exactly has I said they can be.

Gee whiz, you're right about age 65 issues too. But your lying stupid ass implies yet another lie about my arguments.

You can't compete. I'm right about everything I said, I answered your silly questions, and you find it necessary to lie about positions I've taken and create positions I haven't taken.

You are a classic libtard. A liar not impacted by any tax increases and better off under Obama. Too fucking funny. I come in here and post about reality, and this is where it goes with your ilk. It's tradition for those who have no other traditions

I did not lie about anything and everything I said is 100% correct. People will always have medical expenses and you are trying to say many won't or have less so there money in the HSA may never be used. That statement is full of shit. There is always expenses it canbe used on even ifthey are in another plan. It also can be used after they retire as I stated so you trying to imply the money will never be used is wrong.

Imnot evengoing to argue with you anymore because it's useless. You will NEVER admit when you are wrong even when it's right in front of you when you are. You think people spend $5000 on OTC drugs and have no other medical bills so now they paying $1250 more in taxes. I feel sorry for your clients

 

[Willie99]

Fixed it. Now they’ll understand.

obviously, you're wrong too

some will never understand, this thread is a great case in point

 

[Dave007inVegas]

obviously, you're wrong too

some will never understand, this thread is a great case in point

I beg your pardon?

That’s it! I demand an apology right now.

And if you don’t I'm going to demand it again and again and again.

















Happy Easter Willie!

 

[Willie99]

I beg your pardon?

That’s it! I demand an apology right now.

And if you don’t I'm going to demand it again and again and again.

















Happy Easter Willie!

I'm sorry

bitch



back at you buddy