[cottoncanyon-deactivated2018012]

Reblog if it’s ok for people to give you $599.99

[sailed-0ut]

Please don’t hesitate

[imhellafit-personal-deactivated]

1 penny below reporting limit for the IRS… I see what you did there

[shysweetthing]

(Don’t give me $599.99)

That’s not the right IRS rule.

$599.99 is the amount below which a business does not need to issue a 1099 to a contractor who provides business services. The contractor still needs to report the income on their taxes.

The correct number for the IRS rule for money that is gifted rather than received in a business transaction is $13999.99–more than that, and the recipient has to pay tax on the gift and report it to the IRS. Less than that, and there’s no taxation or reporting requirement.

If we’re choosing amounts on the basis of IRS limits, give these people $13,999.99. 

Go. Do it.

[capriciousarsonist]

Reblog if it’s ok for people to give you $13,999.99

[crunchbuttsteak]

Minimum Wage should be indexed to 2% of a city’s median rent.

And here’s why:

Housing costs are the single biggest financial burden facing Americans today.

The Department of Housing and Urban Development define being cost-burdened as spending more than a third of your income on rent. By that definition, over half of the households in this country are cost-burdened. Source

If we want people to be able to afford to live in cities and not get priced out, we have to make a two pronged approach. One is to build houses towards all incomes and price ranges, not just luxury condos. And the other is a robust wage floor so people can actually afford to live.

Fight for 15 is doing an amazing job and I love them, but we have to realize that is quite a few places, $15/hr still isn’t enough to live on.

Which is where the 2% comes in. It allows a minimum wage that is flexible with regards to the costs of living.

And it wasn’t plucked out of thin air either:

Rent should be a third of a persons income, or to restate the equation: income should be three times a person’s rent.

And since a full time job is 8 hrs a day / 40 hrs a week / 160 hrs a month.

So when you do the math, the ideal hourly minimum wage as a percentage of rent works out to around 1.875%, which for ease of calculation is 2%.

[crunchbuttsteak]

Example minimum wages under a 2% rent rule:

San Francisco: $67.40/hr

New York City: $56/hr

Boston: $55.94/hr

Los Angeles: $27/hr

Houston: $21.38/hr

St. Louis: $18.22/hr

Billings, MT: $17.16/hr

[medusasstory]

I. That puts San Fran’s cost-of-living issue into perspective. 

[roosterrooroo]

I didn't realize Boston was so expensive ._.

[debcartoons-deactivated20180318]

[catmeme-moved]

me when the demon in my room tries to scare me in the middle of the night

[vinduster]

me

[milknah]

[livenerdy]

[ruinedchildhood]

[soupofthedayy]

Why do I constantly get attacked on this site

[thinking2-deactivated20171229]

the guy who has his life figured out is mario

[adeles]

if this ain’t me

[unfollowing]

[boarcriminal-deactivated2018052]

when you change angles and lighting but your selfie still comes out ugly

[taxiderby]

[jacquelineshyde]

[cupcakelogic]

if ghosts were real it would be bad because then they could judge all my unhealthy habits

[sosuperawesome]

Mohtz on Society6

[meanplastic]

[thenbhdofficial-blog]

sidebar pleakley’s wig is laid

[adeles]

if this ain’t me