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Old 05-12-2016, 07:11 PM
 
2,560 posts, read 2,300,508 times
Reputation: 3214

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Quote:
Originally Posted by Submariner View Post
In the early 1980s my Dw and I both became certified as budget counselors. We did so well applying that skill set, that on Minimum-Wage incomes we decided to buy our first apartment complex. Then to further that interest we both took the IRS class called VITA [Volunteer Income Tax Assistance] and we were certified as tax preparers. The IRS auditors who teach VITA include some advanced topics like Tax-Planning and Tax-Sheltering. We took it as a challenge to keep our entire taxable income less than our tax shelter. Which results in having a negative AGI. We maintained negative AGIs through the 80s, 90s, and 00s. We kept taking the courses every year, offering budget counseling and tax preparation until I retired. I prepared Income Tax filings for the crews of each submarine I served on, through out my career. And we continued to collect apartment complexes at each duty station. In other words, we itemize our tax filings. We also used schedules C, E and F every year, until I retired.

We have since sold our apartment complexes, and settled on a farm.

My pension is just a hair below the US Federal Minimum Wage. Now after 15 years of retirement, we are strongly contemplating buying another four-plex apartment complex just to keep busy.



* In the interests of full-disclosure, during my working career there were also a few times when I was tax-exempt due to being in combat. But combat was only a small minority of the entire time that I have not paid income taxes [1983 - 2015]
And more power to you! You used the laws to your advantage! Smart cookie!
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Old 05-12-2016, 08:09 PM
 
3,493 posts, read 3,199,687 times
Reputation: 6523
Quote:
Originally Posted by Escort Rider View Post
In almost all threads about public employee pensions, extreme examples are trotted out which are then made to look like general truths.

"I know a neighbor who...."
"Our newspaper had an article....."

Foruntately in this thread a few posters have cited actual statistics about average pensions in various systems. But that factual information seems to fall on the deaf ears of many who get a psychological payoff from their resentment and jealousy. Perhaps they are playing the game "Ain't it awful". Some folks aren't "happy" unless they can go on and on non-stop about negative things, about things which are "awful", not limited to pensions, of course.


You can waste your time going after statistics. That's your business. But flipping hamburgers or waiting tables is about far as you'll ever get. Here's the stats on that: I've seen it happen a million times.




The point is you have to go after that government job. Yourself. They do not come a knocking on your door. (Statistically, that's 100% of the time).
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Old 05-12-2016, 08:24 PM
 
Location: TN/NC
35,051 posts, read 31,251,460 times
Reputation: 47508
Quote:
Originally Posted by TwinbrookNine View Post
You can waste your time going after statistics. That's your business. But flipping hamburgers or waiting tables is about far as you'll ever get. Here's the stats on that: I've seen it happen a million times.

The point is you have to go after that government job. Yourself. They do not come a knocking on your door. (Statistically, that's 100% of the time).
Even if you go after it, vet preference is a stumbling block, especially for federal jobs.
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Old 05-12-2016, 08:48 PM
 
Location: SW MO
23,593 posts, read 37,462,837 times
Reputation: 29337
Quote:
Originally Posted by Serious Conversation View Post
Even if you go after it, vet preference is a stumbling block, especially for federal jobs.
Not for us veterans.
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Old 05-12-2016, 09:09 PM
 
Location: TN/NC
35,051 posts, read 31,251,460 times
Reputation: 47508
Quote:
Originally Posted by Curmudgeon View Post
Not for us veterans.
Of course not, but it's a discriminatory preference for a blanket class the private sector would have a hard time justifying. It's almost impossible for a regular citizen to get a federal job, simply on the basis of vet preference.
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Old 05-12-2016, 09:51 PM
 
Location: Sylmar, a part of Los Angeles
8,326 posts, read 6,417,109 times
Reputation: 17439
A TV news program here just filmed LA Department of Water & Power workers spending a hour and a half every morning in a coffee shop with the rate payers paying for this time.
I'll guarantee you nothing will happen to these protected so called workers except get a raise.
Dept of Water & Power. workers are already the highest paid on the planet for comparable work, yet instead of reducing their pay they keep getting increases.

Last edited by V8 Vega; 05-12-2016 at 10:02 PM..
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Old 05-13-2016, 12:42 AM
 
Location: Wasilla, AK
7,448 posts, read 7,580,581 times
Reputation: 16456
Quote:
Originally Posted by Serious Conversation View Post
Of course not, but it's a discriminatory preference for a blanket class the private sector would have a hard time justifying. It's almost impossible for a regular citizen to get a federal job, simply on the basis of vet preference.

The vast majority of Americans have never served in the military. Most federal workers are not veterans. Even jobs that once were traditionally veteran-heavy, like law enforcement, have very few veterans in their younger ranks. Your assertion is totally false.
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Old 05-13-2016, 03:35 AM
 
Location: Central Florida
1,319 posts, read 1,079,914 times
Reputation: 6293
Quote:
Originally Posted by Serious Conversation View Post
Of course not, but it's a discriminatory preference for a blanket class the private sector would have a hard time justifying. It's almost impossible for a regular citizen to get a federal job, simply on the basis of vet preference.
That is entirely untrue. If the Federal Government could only fill positions from a pool of Veteran applicants no branch would be able to function especially those involved with healthcare. Veteran preference means that a Veteran will have a higher consideration for a position over a non Veteran ONLY if they have to have the education, credentials, and skill set required for the position they are applying for.
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Old 05-14-2016, 08:13 AM
 
Location: Los Angeles area
14,016 posts, read 20,897,111 times
Reputation: 32530
Quote:
Originally Posted by TwinbrookNine View Post
You can waste your time going after statistics. That's your business. But flipping hamburgers or waiting tables is about far as you'll ever get. Here's the stats on that: I've seen it happen a million times.

The point is you have to go after that government job. Yourself. They do not come a knocking on your door. (Statistically, that's 100% of the time).
That's as far as WHO will ever get? Speak for yourself. There are millions and millions of people who have good jobs in the private sector, jobs paying more than the equivalent position in government. Government jobs are hardly the sine qua non of financial success in life.
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Old 05-14-2016, 08:21 AM
 
Location: SW MO
23,593 posts, read 37,462,837 times
Reputation: 29337
Quote:
Originally Posted by Serious Conversation View Post
Of course not, but it's a discriminatory preference for a blanket class the private sector would have a hard time justifying. It's almost impossible for a regular citizen to get a federal job, simply on the basis of vet preference.
Cry me a river! Better yet, enlist!

Are you implying that we veterans are irregular citizens?
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