Don't get your meat where you earn your bread. First time I am seeing this one. Original to you? No. I don’t remember where I first heard it. 😱 A Bing search reveals several references to it. Before reading one of them I could not fathom what it meant. https://idioms.thefreedictionary.com/don%27t+g...

I'd be curious whether Smith has ever experienced a broken record that skips back to where it was before over and over. I'm guessing he hasn't. If he's able to know about and use the phrase despite that, seems like it'll survive a good long time.

Your house dropped 30% of its value between 2018 and 2022? I would think that's a very rare situation. My Zillow graph for the last 10 years. It was not precisely between 2018 and 2022. It was the two months I chose for each of those two years. Capture.JPG Mine has a similar overall trend to yours,...

Your house dropped 30% of its value between 2018 and 2022? I would think that's a very rare situation.

For those who wonder, the vanguard index funds consist of multiple classes of the same fund. They are able to launder their gains through the institutional and ETF class. https://www.investopedia.com/how-vanguard-patented-a-system-to-avoid-taxes-in-mutual-funds-4686985 The process is completely leg...

It's also important to note what counts as "taxes". When the phrase "federal income tax" is used, it typically means that Social Security and Medicare are NOT being counted as taxes. There's an argument for this, since paying into those systems in theory leads to later payouts, a...

Well, as Vinny pointed out, the tax is not on revenue but on profit. A 2% tax on revenue in your example would be the entirety of the profit. A 2% tax on the profit would be far less.

Vinny, I certainly appreciate your insights, especially into the situation with S-corp vs C-corp tax preparation.

Let me ask you this: since there seems to be no downside to corporate income taxes, why not have the rate be 50%? 90%? 100%?

I don't accept the hidden tax as I believe it's based upon a flawed premise. People believe that athletes making more money leads to higher ticket prices. It does not. We live in a competitive economy. You cannot just pass on your added expenses to the consumer. Each corporation is already charging...

The question of corporate income tax is mostly orthogonal to your point, barrett. It could be revenue neutral, you'd just need to adjust the personal rates. It would be more honest. As far as the appetite for cutting, you're right, it's basically nonexistent. We'll see what inflation ends up looking...

I disagree about the corporate tax rate: that should be 0%. Is your rationale for this the double taxation argument? If yes, it then conflicts with SCOTUS and Citizen's United where they deemed corporations to be "people" with all the rights thereto. FWIW, I disagree with SCOTUS and agree...

Oh, you're right... yuck.

Agreed on not taxing gold (and maybe silver). I disagree about the corporate tax rate: that should be 0%. Definitely index cap gains loss deduction limit to inflation, along with just about everything else. Also take inflation into account when computing cap gains, so that real gains are taxed rathe...

Does this work?
https://www.wsj.com/world/americas/colo ... _permalink

Biden too, right?

I'll take a crack at it. As a traditionally agrarian society, urban southerners retain more rural traditions than urban northerners, whose ancestors were manufacturing in big cities much earlier.

Best summary I've found of the situation:

His detractors take him literally but not seriously, and his supporters take him seriously but not literally.

I'm pretty sure it's a bot. But it's a decent conversation-starter!

I'm with you on abstaining from uncontested races.

Dualstow, I thought your RIP signature said John McWhorter at first, and I was almost very upset.

Wouldn't they get the step-up regardless of whether it's physical or in a brokerage?

I almost always have the opposite problem with interviews, Vinny. The interviewer is there to try to maximize the amount of useful information we get out of the interviewee. If the interviewee is going along on his own, great! Way too often, the interviewer will inject himself, interrupt, etc, gener...

It seems that learning styles are actually a myth, and that in fact it's the educational-industrial complex which continues to promote them. https://onlineteaching.umich.edu/articles/the-myth-of-learning-styles/ https://www.educationnext.org/stubborn-myth-learning-styles-state-teacher-license-prep-m...