Recent content by Taughnter

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Tax Bracket Questions

You're demonstrating a common misconception about tax brackets and tax rates. You don't actually "fall into" a bracket, you are paying tax in all of the brackets up to 28%. Instead you have a marginal tax rate, which is the tax you would pay on the next dollar you make. If you have a salary...
- Taughnter
- Post #7
- Jan 2, 2013
- Forum: OT Discussion Club
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ATOT: need advice on mortgage on second property

I'd imagine this varies by lender. One of my clients is in a somewhat similar situation where they cosigned on a loan and later bought a property to live in. The lender for the second property's mortgage merely wanted proof (copies of checks and/or bank account activity) that the other party...
- Taughnter
- Post #3
- May 2, 2012
- Forum: OT Discussion Club
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In the market to buy a house *possibly a short sale* what to expect?

Property Taxes (and homeowners insurance) are generally paid directly by the homeowner unless their Lender requires an escrow. Unless you are lazy, you ALWAYS want to pay this yourself rather than an escrow as the bank will usually have to estimate a portion of the year's taxes and you're...
- Taughnter
- Post #11
- Mar 28, 2012
- Forum: OT Discussion Club
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If you are going to lie about jury duty, don't explain how on the air.

Every county in NJ provides free parking to Jurors. They will validate your parking stub when you are dismissed for the day. The part that really stinks is that the $5 will probably cover your gas/tolls and not even lunch. I was lucky enough to have free coffee last time and considered...
- Taughnter
- Post #42
- Mar 22, 2012
- Forum: OT Discussion Club
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Drive 12miles to avoid a $13 toll?

Sure sounds like it. Is this commute happening today? If so, definitely cut through Manhattan and take the Holland tunnel as nobody is on the road. On any non-holiday weekday and most weekend days this trip is going to vary, but be forewarned that going from Brooklyn to the Holland tunnel can...
- Taughnter
- Post #17
- Dec 26, 2011
- Forum: OT Discussion Club
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What would you do in this lame situation?

I think the short answer is: this commute is never going to be great, but what's the big deal? First off, I think you're definitely exaggerating the time of the commute. If you grab the A train up to 175th, you can hop on any of the "spanish buses" that leave from the GWB Port Authority...
- Taughnter
- Post #59
- Sep 21, 2011
- Forum: OT Discussion Club
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Do home sales have to be recorded with the county or city?

Technically speaking, you record your deed to put the world on notice that you are the owner of said property. Your lender AND title company will certainly require it, and even if they don't, this is protecting your rights. The actual purchase is legally and complete prior to the recording...
- Taughnter
- Post #7
- Sep 20, 2011
- Forum: OT Discussion Club
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Room-mate issue: Moving out early

If your only question is whether this is fair, then sure, it is fair. Your roommate/friend might say, no it's not fair, though. You've clearly lived in the apartment longer than him, you may have caused damage either before he moved in and you may still create more damages after he moves out...
- Taughnter
- Post #13
- Sep 15, 2011
- Forum: OT Discussion Club
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Please, Need some help with apartment issues, roomate being unreasonable

Essentially do this, only in letter form. Include information explaining where you were those days/nights during the time in question. If you were asleep, point that out and if you were not in the apartment, point that out as well. Make sure to include the fact that you were not approached by...
- Taughnter
- Post #13
- Sep 14, 2011
- Forum: OT Discussion Club
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Visiting NYC for the 1st time next month

A few thoughts/tips: 1. If you don't want to deal with a commute, staying in NYC is your best bet, but as others have pointed out you can save some money by staying in NJ. If you're interested in staying in NJ there are quite a few hotels in Fort Lee, NJ, and while I'm guessing they won't...
- Taughnter
- Post #19
- Sep 8, 2011
- Forum: OT Discussion Club
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who has jurisdiction while "in between" state borders?

These are easy. If you commit a crime in a state you can be charged there. If you're in two states, you can be charged in both. If you commit a crime in State A and the crime itself occurs in State B, you can be charged in both. If you're standing on the NJ side of the Hudson with a...
- Taughnter
- Post #23
- Aug 23, 2011
- Forum: OT Discussion Club
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who has jurisdiction while "in between" state borders?

There is no "in between". I grew up about 2 blocks from the GWB and I've been on it probably hundreds if not thousands of times. If you actually look for it, there is a spot roughly in the middle of the bridge designating where the NY/NJ border is. FWIW, as a practical matter, you generally...
- Taughnter
- Post #22
- Aug 23, 2011
- Forum: OT Discussion Club
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Cop wrongfully ticketed me for skipping a red light

The short answer is that there is no best way, because the cop is most likely going to say he had a clear view of you going through the red light. For starters, why don't you go back to the scene with a camera and photograph the intersection as well as the position the officer was in when you...
- Taughnter
- Post #21
- Aug 10, 2011
- Forum: OT Discussion Club
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Restarting @ age 30...do I have hope?

When I went to law school, many if not most of the students were over age 30. Many of them were on their second career. We had a few military guys, some doctors, a semi-pro soccer player, a restaurant/bar/club owner, a chemist, a few teachers, etc.. So as far as your age and your background...
- Taughnter
- Post #21
- Jul 29, 2011
- Forum: OT Discussion Club
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Anyone have any spare G+ invites?

Seems to me like you can invite as long as you have already joined. Haven't tried to invite anyone, but if you PM me your email you can be the guinea pig.
- Taughnter
- Post #11
- Jul 26, 2011
- Forum: OT Discussion Club

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