At first, I didn’t think this qualified as a joke, then I checked my bank balance! For the record, I am in no way responsible for the accuracy of these figures, I just paste ’em as I finds ’em!! Michael Jordan having “retired,” with $40 million in endorsements, makes $178,100 a day, working or not. If he s 7 hours a night, he makes $52,000 every night while visions of sugarplums dance in his head. If he goes to see a movie, it’ll cost him $7.00, but he’ll make $18,550 while he’s there. If he decides to have a 5 minute egg, he’ll make $618 while boiling it. He makes $7,415/hr more than minimum wage. He’ll make $3,710 while watching each episode of Friends. If he wanted to save up for a new Acura NSX ($90,000) it would take him a whole 12 hours. If someone were to hand him his salary and endorsement money, they would have to do it at the rate of $2.00 every second. He’ll probably pay around $200 for a nice round of golf, but will be reimbursed $33,390 for that round. Assuming he puts the federal maximum of 15% of his income into a tax deferred account (401k), his contributions will hit the federal cap of $9500 at 8:30 a.m. on January 1st. If you were given a penny for every 10 dollars he made, you ‘d be living comfortably at $65,000 a year. He’ll make about $19.60 while watching the 100 meter dash in the Olympics, and about $15,600 during the Boston Marathon. While the common person is spending about $20 for a meal in his trendy Chicago restaurant, he’ll pull in about $5600. This year, he’ll make more than twice as much as all U.S. past presidents for all of their terms combined. Amazing isn’t it? However… If Jordan saves 100% of his income for the next 450 years, he’ll still have less than Bill Gates has today.
- (Actual letter from an Iowa resident and sent to his senator) The Honorable Tom Harkin 731 Hart Senate Office Building Phone (202) 224 3254 Washington DC, 20510 Dear Senator Harkin, As a native Iowan and excellent customer of the Internal Revenue Service, I am writing to ask for your assistance. I have contacted the Department of Homeland Security in an effort to determine the process for becoming an illegal alien and they referred me to you. My primary reason for wishing to change my status from U.S. Citizen to illegal alien stems from the bill which was recently passed by the Senate and for which you voted. If my understanding of this bill’s provisions is accurate, as an illegal alien who has been in the United States for five years, all I need to do to become a citizen is to pay a $2,000 fine and income taxes for three of the last five years. I know a good deal when I see one and I am anxious to get the process started before everyone figures it out. Simply put, those of us who have been here legally have had to pay taxes every year so I’m excited about the prospect of avoiding two years of taxes in return for paying a $2,000 fine. Is there any way that I can apply to be illegal retroactively? This would yield an excellent result for me and my family because we paid heavy taxes in 2004 and 2005. Additionally, as an illegal alien I could begin using the local emergency room as my primary health care provider. Once I have stopped paying premiums for medical insurance, my accountant figures I could save almost $10,000 a year. Another benefit in gaining illegal status would be that my daughter would receive preferential treatment relative to her law school applications, as well as ‘in-state’ tuition rates for many colleges throughout the United States for my son. Lastly, I understand that illegal status would relieve me of the burden of renewing my driver’s license and making those burdensome car insurance premiums. This is very important to me given that I still have college age children driving my car. If you would provide me with an outline of the process to become illegal (retroactively if possible) and copies of the necessary forms, I would be most appreciative. Thank you for your assistance. Your Loyal Constituent, Donald Ruppert Burlington, IA
- The United Way realized that it had never received a donation from the city’s most successful lawyer. So a United Way volunteer paid the lawyer a visit in his lavish office. The volunteer opened the meeting by saying, “Our research shows that even though your annual income is over two million dollars, you don’t give a penny to charity. Wouldn’t you like to give something back to your community through the United Way?” The lawyer thinks for a minute and says, “First, did your research also show you that my mother is dying after a long, painful illness and she has huge medical bills that are far beyond her ability to pay?” Embarrassed, the United Way rep mumbles, “Uh… no, I didn’t know that.” “Secondly,” says the lawyer, “my brother, a disabled veteran, is blind and confined to a wheelchair and is unable to support his wife and six children.” The stricken United Way rep begins to stammer an apology, but is cut off again. “Thirdly, did your research also show you that my sister’s husband died in a dreadful car accident, leaving her penniless with a mortgage and three children one of whom is disabled and another with learning disabilities requiring an array of private tutors?” The humiliated United Way rep, completely beaten, says, “I’m sorry, I had no idea.” And the lawyer says, “So… if I didn’t give any money to them, what in the hell makes you think I’d ever give any to you?”
- MIDDLETOWN, Ohio (AP) – The city’s tax superintendent has been suspended without pay for a week for trying to inject some humor in the city income tax filing instructions. The forms – with such lines as, “If we can tax it, we will,” – were sent last week to all Middletown businesses and residents who pay city income tax. The attempt at humor by Linda Stubbs was called “misguided” by city Finance Director John Lyons. Lyons said revised forms were sent out immediately at a cost to taxpayers of about $5,500. Among the lines that city officials didn’t think were very funny was this one: “Free advice: if you don’t have a profit in a five-year period, you might want to consider another line of work.” Middletown is about 25 miles northeast of Cincinnati.
- A man is walking down the street when he bumps into a genie. The genie says to him, “I will grant you three wishes, but in return I want to sleep with your wife.” The husband thinks about it for a while, then agrees to the genie’s offer. He says, “I want to be the best golfer in the world, live until I am 150 years old, and have an income of a million dollars per year for the rest of my life.” The genie nodded his head and says, “Done!” After the genie has finished sleeping with the wife, he asks her, “So how long have you two been married?” The wife replies “Three years.” The genie then asks “And how old is your husband?” The wife replies “31 years old.” To which the genie responds, “And has he always believed in this genie stuff?”
- There was once an aspiring veterinarian who put himself through veterinary school working nights as a taxidermist. Upon graduation, he decided he could combine his two vocations to better serve the needs of his patients and their owners, while doubling his practice and, therefore, his income. He opened his own offices with a shingle on the door saying, “Dr. Jones, Veterinary Medicine and Taxidermy — Either way, you get your dog back!”
- We Deliver The owner of a small deli was being questioned by an IRS agent about his tax return. He had reported a net profit of $80,000 for the year. “Why don’t you people leave me alone?” the deli owner said. “I work like a dog, everyone in my family helps out, the place is only closed three days a year…and you want to know how I made $80,000?” “It’s not your income that bothers us,” the agent said. “It’s these deductions. You listed six trips to Bermuda for you and your wife.” “Oh, that,” the owner said smiling. “Didn’t I mention? We deliver anywhere…”
- If tobacco tax is meant to discourage smoking, is income tax meant to discourage working?
- The hardest thing in the world to understand is income taxes.