Glock22:


I just had a baby few weeks ago, guess how much I paid for a cesarean section, private room, private nurse, a carton of enfamil baby food, a carton of baby diapers, a carton of adult female diapers, a personal nurse for 3 whole days, a personal attendant for 3 whole days, 3 squared meals for 3 days, epidural injection, morphine, and a whole of other medications?

$24.

And you know what? That $24 is what it cost us to park our car in the parking lot for 3 days @ $8/day.

So technically, the actual bill was 0.

What’s funnier? We can claim back the #24 as a medically related expenditure when we file our taxes next year.

Joke’s on who? You!

Congratulations on your delivery.


I am more concerned about the fact that "child support" is included as a disadvantage. Caring for your kid is now a disadvantage? My God!

sukkot:
i love topics like this because that is when you see the spiritually sick covetous megalomaniacs emerge with their ridiculous grandiose posts. So a couple earning 2340 dollars are only paying taxes of 340 dollars ? That's like 12 percent tax. That's impossible in any civilized world to earn that much and only pay 12 percent tax. In fact I submit to you that the phantom couple Casper the ghost and his wife if they truly existed would be on like 40 percent tax with their wages not the 12 percent you said. Which tells me your story is bogus

on a side note my youtube has been buffering for over 8 hours on my laptop and videos have refused to load. any helpers ?

Dayuummmmmm

AngelicBeing:
Dayuummmmmm

bro

Abi1985:
If you want Japa, please Japa. I am not saying you shouldn't japa.

They can tax so much - eh you want to cry
And sleep. Your own money goes to tax and more tax.

You are not really the owner of your property because of tax. Property tax is something else.

Child support payment na another thing on its own- if you like woman, please be careful not to have many baby mama e get why.

Nigerians back home cannot understand until they come here and experience themselves.

I remember when my cousin was warning me about the Uk. I thought he was talking nonsense until I came and experienced reality. Experience is the best teacher
If you are doing well in Naija, please stay and visit. If you are struggling, then please Japa.

So sending money for your own kid upkeep is a disadvantage?

sonnie10:

The details I presented to you is not about the burger flipping rhetoric. Those are actual verifiable fact.

alright bro. you should write fiction. thats your calling

Oyomesiile:


How much do people earn averagely in a month in Nigeria? How many people are gainfully employed? How many dependants does, the working folks have? What's the ideal amount that should be earned monthly and what percentage should be deducted as tax? I feel these should be answered. Mind you most states in Nigeria have one mineral resource or more that they can use for developing their respective states and supporting their citizens.

the most common problem
in african is self employement/informal sector which is not registered for tax and money is lost through that

Eg if local government would build facilities for markets were people pay for the stand in the market, the local council gets paid through renting of place and money would channeled toward maintaining the market place and building new ones

With time it will reduce hips of gabage we find i the streets etc

I talk am, the real reason Nigerians complain aboyt life abroad na tax. Its the fvcking tax that is making US the go-to place for everybody.

Mindlog:


Are what you mentioned, not what is sustaining the UK system?

I wonder why paying to support your own seed (child) is a disadvantage, the non-institutionalized child support and neglect of some children in Nigeria by their fathers with little or no consequence, is an advantage?

You should be used to them by now. Same men that sing about women taking responsibility for their actions are seeing taking responsibility of their kids as a problem.

Says alot about the quality of men in Nigeria and proves that the reproach and rejection they face from women in the dating market is well deserved as many are of questionable morals and character.

ZIMDRILL:


the most common problem
in african is self employement/informal sector which is not registered for tax and money is lost through that

Eg if local government would build facilities for markets were people pay for the stand in the market, the local council gets paid through renting of place and money would channeled toward maintaining the market place and building new ones

With time it will reduce hips of gabage we find i the streets etc

Ghana here, some of the road side vendors pay taxex.. The government in naija are just lazy.

Lovely write up...

Exc2000:



Japarians don come again


.

As in
I don too read many discouraging stories

Burgerlomo:
😎

Give me chair, let don dey pain me

sonnie10:

They can even pay less than that amount if they makes the maximum allowable contribution to the following
401k account
Medical expenses savings
Childcare account
These are all tax free savings

They aren't exactly "tax-free".. They are either post Tax, or pre-tax.

abbey621:


Yea what happens when the tenants stop paying, you now have to foot the mortgage bills because the economy crashed, people are no longer renting at prices that makes sense. Oh then life throws in a wrench and you lost your job, now you have mortgages way above your income, you start borrowing from credit card, you can't pay back, your score drops, you go bankrupt, the houses are repossessed and you are back to penury. Femi Aguda will not tell his clients the downside/dangers of this method

People see opportunities but what you see is loads of problems. If I happen to be your girlfriend/wife I would have being making plans to dump you by now. You are too pusillanimous for my penchant. I wish you all the best nigga!

sukkot:
alright bro. you should write fiction. thats your calling

There is nothing wrong with leaning or realizing new facts that were not really obvious to us.
If you live in the US and have not been utilizing these provisions, you should.

For 401k you can contribute up to $60k yearly taxes free
For medical expense you can contribute up to 7k yearly for a family
For childcare up to 6k yearly, which you get most back when you file taxes.
You can also increase you social security contribution

Bruh

kkins25:
They aren't exactly "tax-free".. They are either post Tax, or pre-tax.

No body takes any tax from you , whether “post or pre tax” when you make medical expense contribution from you salary.
That money is given to you before what is left of your salary is taxed.

The fact$$$$
1. On realizing that Buhari was not going to allow him rig the last presidential election and that the election permutations was not in his favor, Tinubu rushed to the Saudis, IOC and UAE to report Buhari.
2. He Tinubu showed the Saudis and IOC the doctored PO conversation with Oyedepo. He accused po of going to advance Christianity in Nigeria and should never be allowed.
3. He assured the Saudis and IOC of his commitment to advancing Islam in Nigeria starting with his mu mu ticket.
4. The Saudis and IOC summoned Buhari, instructed him to ensure that BAT wins the election at all costs.
5. Buhari that was not supporting BAT changed his mind. First he showed his supporters whom to vote for by publicly displaying his ballot paper.
6. He instructed Yakubu to return BAT at all cost
7. That’s why Yakubu had the temerity to return BAT at all costs despite the glaring rigging and BAT not meeting the stipulated requirements.
8. He Buhari knows that BAT was not the best choice for Nigeria that’s why he has been going around asking for forgiveness. People may not know why.
TheFactMan is aware $$$

I don't want to base abroad, that place is full of crazy people and crazy ideologies. Imagine having to raise my kids where their teachers teach them that they can be any gender they want. God forbid. I go make am for Nigeria.

sonnie10:

No body takes any tax from you , whether “post or pre tax” when you make medical expense contribution from you salary.
That money is given to you before what is left of your salary is taxed.

There are two types of 401k are there not?
Regular 401k and the Roth 401k. Both are tax exempt, however, with the former, tax is removed when deduction is made, and the latter, before money is paid into the account. Retirement plans are an investment scheme, that means they produce income...all incomes are subjected to tax..

I stand to be corrected sha.

sonnie10:

There is nothing wrong with leaning or realizing new facts that were not really obvious to us.
If you live in the US and have not been utilizing these provisions, you should.

For 401k you can contribute up to $60k yearly taxes free
For medical expense you can contribute up to 7k yearly for a family
For childcare up to 6k yearly, which you get most back when you file taxes.
You can also increase you social security contribution

What you said earlier about the couple who earn the amount you specified and pay 12% tax is highly possible if they have dependents and/or other deductions. Please don’t argue your point with people who have never paid taxes or filed a return.

sonnie10:

There is nothing wrong with leaning or realizing new facts that were not really obvious to us.
If you live in the US and have not been utilizing these provisions, you should.

For 401k you can contribute up to $60k yearly taxes free
For medical expense you can contribute up to 7k yearly for a family
For childcare up to 6k yearly, which you get most back when you file taxes.
You can also increase you social security contribution

brother I don't think you understand the magnitude of your lies. 2400 a day is like half a million dollars a year. All those deductions you put up there are not even up to 100k. So they get taxed 12 percent on the remaining 400k ? Make una dey lie with common sense na.

kkins25:


There are two types of 401k are there not?
Regular 401k and the Roth 401k. Both are tax exempt, however, with the former, tax is removed when deduction is made, and the latter, before money is paid into the account. Retirement plans are an investment scheme, that means they produce income...all incomes are subjected to tax..

I stand to be corrected sha.

You took correct information and twisted it into something wrong.

sonnie10:

There is nothing wrong with leaning or realizing new facts that were not really obvious to us.
If you live in the US and have not been utilizing these provisions, you should.

For 401k you can contribute up to $60k yearly taxes free
For medical expense you can contribute up to 7k yearly for a family
For childcare up to 6k yearly, which you get most back when you file taxes.
You can also increase you social security contribution

How do these exempt the individual from income tax?

This is serious

1stGenAmerican:


You took correct information and twisted it into something wrong.

Explain.

Annahh:
I don't want to base abroad, that place is full of crazy people and crazy ideologies. Imagine having to raise my kids where their teachers teach them that they can be any gender they want. God forbid. I go make am for Nigeria.

Wow. So people from other countries are going to your home in Nigeria and pressuring you to move from Nigeria to their countries?

Mindlog:


Are what you mentioned, not what is sustaining the UK system?

I wonder why paying to support your own seed (child) is a disadvantage, the non-institutionalized child support and neglect of some children in Nigeria by their fathers with little or no consequence, is an advantage?

na we day surport our self for naija

Satanic agents at work again

kkins25:
Explain.

I don’t use my time to explain things to people who go out of their way to misunderstand and misconstrue accurate information that they are given for the sake of arguing. The IRS website has great information on pre-tax contributions. Enjoy.

www.irs.gov

1stGenAmerican:


I don’t explain things to people who go out of their way to misunderstand and misconstrue information that they are given. The IRS website has great information on pre-tax contributions. Enjoy.

www.irs.gov

Did i say there are pre-tax and post tax? The fella argues they don't pay tax.. Since u agree with d fella, explain what you two mean.

sukkot:
brother I don't think you understand the magnitude of your lies. 2400 a day is like half a million dollars a year. All those deductions you put up there are not even up to 100k. So they get taxed 12 percent on the remaining 400k ? Make una dey lie with common sense na.

If you work a 12 hour shift, you only get 36 hours in a week.
Do the maths, it’s only #320k per annual combined for both couples
This is a simple math.