geezus did he PAY someone to take that picture?

Nothing like being able to slide a quarter between one’s teeth sideways.  Ouch!

“What, me worry?”

Damn, Bachmann has a brother???

I never had anything against Jones before but now things have changed after seeing that…

Stop saying bad things about my Mom! It’s not her fault that she’s a little unattractive.

EX, funny timing. I had a deposit in my account today for the LP I did not get, $18,700. Yes, it is taxable but, I put up no cash for it. I like that IRR

not a bad deal!!!

[quote=Guest1]EX, funny timing. I had a deposit in my account today for the LP I did not get, $18,700. Yes, it is taxable but, I put up no cash for it. I like that IRR[/quote]

If you're excited about getting paid part of what you should be getting every month at the end of the year, then more power to ya.  Kind of reminds me of when my old bank lowered our grid and put in a "bonus program".

[quote=Guest1]EX, funny timing. I had a deposit in my account today for the LP I did not get, $18,700. Yes, it is taxable but, I put up no cash for it. I like that IRR[/quote]

Congrats Guest.  You should send the home office a thank you note for returning some of your hard earned money.

Since we are at the start of tax season I cant help but think these Jones IR's bragging about LP and bonuses are a little like those people who celebrate their tax refund.   It's like they think they are getting some kind of free gift,  when we all know they really just overpaid to begin with.

Gee EX, that should put my payout right up to the 53-54% after expenses. let’s see, profit sharing excess next week, bonus the week after that and NO I don’t get a tax refund. Likely pay more than you net though. I really doubt you are there on payout. INDY, your grid comment makes no sense at all. Care to try again?

53%?? That seems very high…43%?

Guest1…what is your profitability for the year on the P&L? How much overhead allocation? What did you get in bonuses?



(not jabs-real questions)



Thanks



CIB

[quote=Indyone]

[quote=Guest1]EX, funny timing. I had a deposit in my account today for the LP I did not get, $18,700. Yes, it is taxable but, I put up no cash for it. I like that IRR[/quote]

If you're excited about getting paid part of what you should be getting every month at the end of the year, then more power to ya.  Kind of reminds me of when my old bank lowered our grid and put in a "bonus program".

[/quote]

dude they just don't get it, do they?

CIB, profit was 380, don’t know bonuses offhand except for the third one that pays next week, 43k. Allocations I will look tommrw.

[quote=exdrone]

Since we are at the start of tax season I cant help but think these Jones IR's bragging about LP and bonuses are a little like those people who celebrate their tax refund.   It's like they think they are getting some kind of free gift,  when we all know they really just overpaid to begin with.

[/quote]

Guest,

On Wed LPL will deposit 13k into my bank acct.  Thats my 2 week net on a gross of about 15.  My first dep for Feb was 10k on a gross of about 12k. My overhead is about 4700/mo.  That makes my net  before taxes roughly 61%.  You may pay more in taxes than I net, buy you may have a little more time in the bus than my 6yrs also.

I guess we can start the pissing contest again...

[quote=Guest1]INDY, your grid comment makes no sense at all. Care to try again?[/quote]

OK...I'll try to keep the words at no more than six letters and two syllables each...

EDJ is just paying you part (a bit over half) of what you earn.  This "bonus" means they are paying a little more of YOUR gross back to YOU (and they keep the rest.)

That's my last attempt at explaining the obvious to you.  If you still don't get it, I'm sure you'll continue to be happy right where you are.

There's nothing limited about my partnership of one.

[quote=exdrone]Guest,

On Wed LPL will deposit 13k into my bank acct.  Thats my 2 week net on a gross of about 15.  My first dep for Feb was 10k on a gross of about 12k. My overhead is about 4700/mo.  That makes my net  before taxes roughly 61%.  You may pay more in taxes than I net, buy you may have a little more time in the bus than my 6yrs also.

I guess we can start the pissing contest again...[/quote]

I'm getting a higher net, ex...(27K gross-4K(LPL)-4.7K(OH)=67.7%...which is in line with my experience thus far also.  As production moves up, I expect that this percentage will be well above 70%.