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Thread: And we miss Coachella, much like the deserts miss the rain.

  1. #1591
    Member insbordnat's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    Quote Originally Posted by JustSteve View Post
    It really fucking sucks when you just get into a higher tax bracket and end up paying more in taxes so that your take home pay is actually less than what you would have made had you been in the next bracket down.

    Wife is a realtor, so self employed. The trick we learned to use is to hold all checks, if you can afford to, that come in late in the year(mid november/december) and deposit them in the new year so they are not calculated into that tax year. Can help keep you in a lower tax bracket if you are right on the verge.
    You'll find that being in a higher tax bracket doesn't really change your effective interest rate. As you make more, you'll pay more $ but also more as a percentage. Jumping to the next bracket doesn't cause a sudden jump in your effective rate. For example, if you make $75k, you'll pay about 19.57% effective rate in taxes. If you make 95k, your effective rate will be 20.94%. Yes, you're in a higher bracket, but there's also a 20k difference in income. So yes, progressive taxation sucks, but think of it as a continuum.

    Consider this - $87,849 (right below the 25%/28% bracket cutoff) - effective rate of 20.37%. $87,851 (right above the cutoff) - 20.37%. No difference. You'll pay $1 more dollar in taxes. It also stands to reason that the more you make, the more deductions you typically have, and thus those will lower your effective rate even more.
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  2. #1592
    Dark Lord mountmccabe's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    I agree with insubordnat.

    Tax brackets only matter for the money in that bracket. We have marginal taxes. These numbers are for 2013 taxes for single filers but marginal taxes are not new and this applies to married, head of household, etc.

    2013 Tax Tables (incomplete)
    10% $0 to $8,925
    15% $8,925 to $36,250
    25% $36,250 to $87,850
    28% $87,850 to $183,250

    If your taxable income was $36,000
    • $8,925 gets taxed at 10% = $893
    • The next chunk is for each dollar from $8,926 to $36,000. That $27,075 gets taxed at 15% = $4061
    • Total is $4,954, making your net $31,046


    And if your taxable income was $37,000
    • $8,925 gets taxed at 10% = $893
    • The next chunk is for each dollar from $8,926 to $36,250. That $27,325 gets taxed at 15% = $4099
    • The final $750 gets taxed at 25% = $188
    • Total is $5,180, making your net $31,820


    So making $1,000 more nets you $774 more money after taxes. On that $1000 you paid just over 20% in taxes, which makes sense as some of that money was taxed at 15% and the rest at 25%.

    If your taxable income is higher, all things being equal, you will end up with a higher net.



    I am not a tax professional. There may be various other factors, deductions you can't take, etc. You are free to pay more in taxes as a donation if you wish.
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  3. #1593
    Dark Lord mountmccabe's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    Though I can see how your year to year fraud could mean you could keep a bit more.

    If you knew it your taxable income would go like:

    Year 1 - $37,250
    Year 2 - $35,000

    That last $1,000 in Year 1 would be taxed at 25%, so you'd keep $750.
    But if you held that $1,000 back and counted it as Year 2 money then it'd only be taxed at 15%, meaning you'd keep $850 of it and you get $100 more over the two years.

    It is unlikely you'd make $100 in interest, etc. on that $1,000 by depositing it earlier so as long as you don't forget to cash a check, don't get caught and know that it's going to matter (some years over a bracket line, some years under) then I can see how it would work.
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  4. #1594
    The Encyclopedia bmack86's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    I get why you do it Steve, but I really fucking hate tax fraud. I mean, the roads suck, the infrastructure is fucked and yet people keep decrying taxes. How the hell are we going to fix stuff without the money to fix it?

    Show me how I'm wrong. Someone.
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  5. #1595
    Member fiopadp7791's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    Quote Originally Posted by bmack86 View Post
    I get why you do it Steve, but I really fucking hate tax fraud. I mean, the roads suck, the infrastructure is fucked and yet people keep decrying taxes. How the hell are we going to fix stuff without the money to fix it?

    Show me how I'm wrong. Someone.
    I always wonder that too... I always think the same people that want lower taxes are the same ones that bitch that class-rooms are over-crowded, the roads have too many pot-holes, and there's too much crime. Hmmm... how does that stuff get paid for?
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  6. #1596
    Coachella Junkie SoulDischarge's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    Alright, count me out for another year. I decided to go do some parties in Miami in late March around my birthday and visit a good friend of mine instead. I really love the lineup and there are bands it is going to absolutely destroy me not to see, but my friend and I had been trying to work out something to do together for like 2 years now, and it was just going to be a real strain to get us both to Coachella. It's just too pricey and the hassle and uncertainty of dealing with trying to secure tickets when they're sold out isn't something I'm very into dealing with when trying to work out a vacation. Also, I can't say I'm all that bummed about choosing to see some of my favorite DJs do extended sets all night long and the allure of techno pool parties over spending four days camping in the desert for a sold out festival where most of my favorite bands are going to get less than hour to play. I wish I could swing both, and this year's lineup is making me inclined to spring for the presale payment plan for next year coming next summer, but I'm fairly happy with my choice for now.
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  7. #1597
    Member FEELS's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    Awh man, you're another person I was hoping on meeting at the boardie group photo!

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  8. #1598
    Old Gay Guy gaypalmsprings's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    I guess the Official Gay Orgy is going to be kinda small this year.

  9. #1599
    old school eskamo951's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    Missing my first year since I started attending in 2008. It's rough. Every warm day that allows me to drive with my windows down, I think "Coachella is coming!" and then remind myself that I'm not going.
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  10. #1600
    Member shermanoaksyo's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    Brutal hotel costs are making this add up to a $2500 weekend for 2. Really miss the days when you could book an okay room in Palm Desert for $120 a night. Seems like it makes more sense to sell the passes, hoof it to SF, see friends & catch The Knife and a few other acts up there.


  11. #1601
    Peaceful Oasis TomAz's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    Quote Originally Posted by mountmccabe View Post
    I agree with insubordnat.

    Tax brackets only matter for the money in that bracket. We have marginal taxes. These numbers are for 2013 taxes for single filers but marginal taxes are not new and this applies to married, head of household, etc.

    2013 Tax Tables (incomplete)
    10% $0 to $8,925
    15% $8,925 to $36,250
    25% $36,250 to $87,850
    28% $87,850 to $183,250

    If your taxable income was $36,000
    • $8,925 gets taxed at 10% = $893
    • The next chunk is for each dollar from $8,926 to $36,000. That $27,075 gets taxed at 15% = $4061
    • Total is $4,954, making your net $31,046


    And if your taxable income was $37,000
    • $8,925 gets taxed at 10% = $893
    • The next chunk is for each dollar from $8,926 to $36,250. That $27,325 gets taxed at 15% = $4099
    • The final $750 gets taxed at 25% = $188
    • Total is $5,180, making your net $31,820


    So making $1,000 more nets you $774 more money after taxes. On that $1000 you paid just over 20% in taxes, which makes sense as some of that money was taxed at 15% and the rest at 25%.

    If your taxable income is higher, all things being equal, you will end up with a higher net.



    I am not a tax professional. There may be various other factors, deductions you can't take, etc. You are free to pay more in taxes as a donation if you wish.
    So yeah I know this is a year old but in case anyone is still interested.

    The math above is correct but the "various other factors" can be material. There's the Alternative Minimum Tax, for one. Also the phase out of certain deductions above a given income level.

    That being said, I think it would be quite rare for someone to make more money but have a lower take home pay solely because of taxes.
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  12. #1602
    Coachella Junkie GuyInTucson's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    We stay at this 2-room villa in Palm Springs last year. We fit 8 people and it was $80 for each person for the whole weekend. TallGuy and Lingo (Neutral Milk Hotel) stayed in the same location. It's a bit of a drive there but the price difference makes it well worth it.
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    4/10/15 - 4/12/15 - Coachella

  13. #1603
    Member shermanoaksyo's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    Yeah, appreciate the suggestion. PS has some alright options, but I can't get my head around the idea of a long drive to-and-from the venue each day. I'd be happy to camp, but the ladyfriend is unfortunately not so keen on that. Hopefully a bedroom in a house turns up, something like that. Blah

  14. #1604
    Stage Manager captncrzy's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    Fwiw, you can take the shuttle to and from Palm Springs. And considering the regular on sale forced ppl to buy shuttle passes for w1, you should probably be able to pick up a pair of shuttle passes for really cheap once ppl start receiving their wristbands.
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  15. #1605
    Coachella Junkie sonofhal's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    Doing one or two other things instead. Also, that lineup does not excite me in the slightest. I think Coachella booked Outkast just so they wouldn't be the only festival not to get them.
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    well, for all intensive porpoises it is, will sell out within seconds tomorrow.
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  16. #1606
    Banned marooko's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    We generally stay in vacation rentals in Palm Desert. Same one multiple times, nice place, short drive.

  17. #1607
    Old Gay Guy gaypalmsprings's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    I stay at home. FTW!
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  18. #1608
    Daft Punky Junkie BROKENDOLL's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    Once again, I am confused. The Local News reported the other day that the on-going statewide drought has caused all of California to miss the rain...

  19. #1609
    Member zircona1's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    Quote Originally Posted by shermanoaksyo View Post
    Brutal hotel costs are making this add up to a $2500 weekend for 2. Really miss the days when you could book an okay room in Palm Desert for $120 a night. Seems like it makes more sense to sell the passes, hoof it to SF, see friends & catch The Knife and a few other acts up there.

    Yeah, this. They've jacked up the hotel prices since the fest started selling out quickly. I have some friends in the Bay Area that I fly out to see once or twice a year, it's easier to just see one or two acts in SF than it is to spend $1000+ for the festival.

    The lineup, IMO, doesn't really do much for me this year.
    We're here to play some Mississippi Delta Blues. We're in a horrible depression, and I gotta admit - we're starting to like it.

  20. #1610
    Coachella Junkie Alchemy's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    I think I will miss this year, unfortunately.
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  21. #1611
    MENACING Courtney's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    I'm skipping again this year. I'm sure it will come as no surprise to anyone. There are just so many other things I would rather do with the time and money.

    Quote Originally Posted by bmack86 View Post
    I get why you do it Steve, but I really fucking hate tax fraud. I mean, the roads suck, the infrastructure is fucked and yet people keep decrying taxes. How the hell are we going to fix stuff without the money to fix it?

    Show me how I'm wrong. Someone.
    I'm giving this a one-year overdue QFT.

  22. #1612
    old school ThatGirl's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    Without the cash to spend and a somewhat uninspired lineup I'm also on this year's skip list.
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  23. #1613
    Pedley Rocks JustSteve's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    I have still made no plans to go, not talked to anyone about getting them in, etc. I may try and go out for Queens, but making it the whole weekend just isn't looking to be in the cards at this point.

  24. #1614
    Pedley Rocks JustSteve's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    Also, for a hotel In The past I always booked the motel 6 off of Washington and the 10. They have never jacked their prices up, always around $90/night and can cancel up until 6pm on day of arrival. Am sure it is too late now, but always a good place to book when rooms become available and hold until other options pan out.

  25. #1615
    old school Bud Luster's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    It's easy to be nonchalant about missing the fest until right about now. Yall jam out with your clam out.
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  26. #1616
    Coachella Junkie shakermaker113's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    this now being my third year away I have no second thoughts about missing it. I'm quite looking forward to two days of watching the webcast on my tv.

  27. #1617

    Default Re: And we miss Coachella, much like the deserts miss the rain.

    when you lose money for the year, do you get any money back from previous years you made money?

  28. #1618
    Stage Manager captncrzy's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    Quote Originally Posted by homersexual View Post
    when you lose money for the year, do you get any money back from previous years you made money?
    You are a fucking moron.
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  29. #1619
    Banned marooko's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    I dislike tax fraud. I'd be more vocal about it if the gov wasn't pissing so much away.

    No Coachella this year. sad face.

  30. #1620
    Member insbordnat's Avatar
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    Default Re: And we miss Coachella, much like the deserts miss the rain.

    I can't help but be sentimental - the anticipation while at work at 3pm, checking the clock at 3:10, then 3:20, hitting the road at 5, getting into Indio at 10, heading into camping turnstile lines, cracking a beer, listening to music, talking with others in the car lines, setting up camp, heading into the fest and seeing the new layout and goodies...

    Maybe next year...have fun all of ya
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