General Discussion
In reply to the discussion: Just shoot me [View all]hfojvt
(37,573 posts)I have not rented since about 1993 when I bought my own building on a land contract. (I sold that building in 1998 and bought another one that I sold for a huge loss in 2001 and so on and so forth). My house has been paid for since October 2005 (although I still owed some money on a credit card at that time (but hey, that loan was 3% for the life of the loan)
Hard for me to say what I make in a year. First, because my hours fluctuate, and second, because the federal government does not consider my health insurance costs to be income, nor my retirement costs. My last paycheck says $11,281.24 in gross earnings for the year but $7,714.44 for taxable earnings. Health insurance normally takes 24 payments of $160.47 but they took $510 extra this year because they charged me too little for part of last year. So they have taken $2,757.55 and dental has taken $138.9 and retirement has taken $670.35.
So, if I talk about MY income, should it be taxable income or gross income?
I am not pretending that I am living on my income, I am living on my savings from years past, but I have never made $38,000 either, and often have made much less. http://www.democraticunderground.com/1002625762