Fiscal Cliff Primer….

[scaredyclassic]

it’s always been hard to get out of the rat race…
those rats are so quick. and resourceful.

this is one of my favorite books ever. it’sby a guy who was observing rats in NYC, and then wrote all about them. you will learn a lot about rats. ikind of cherish this book.

[dumbrenter]

[quote=flu][quote=dumbrenter]

If you come down from your preachy perch a little bit it will do you good to be informed that some folks can come out way ahead than an 8% rate on short term gains (but with boatload of risk). My accountant’s fault is that he does not give those special “tricks” rich people get even when I was going to pay for the “service”. That is contrary to the point your were making earlier.[/quote]

Really? someone can make more than 8% on post tax? Really? No kidding????

8% is a conservative estimate average over 8 years… Most people (not all) but most people don’t do better than that over 8% yoy. You might be an exception..

My point was the following… If you had $XXX in your 401k and $XXX in your post-tax account….And are have to “pay a lot of ordinary” income on investment gains, why didn’t you do this in a tax-exempt or tax deferred account, and put your safer investments that don’t churn as much into your post-tax account?

There is no trick to this.. It’s just common sense.
Most likely whatever you trade is available in either post tax or pre tax/tax exempt account….

And I’m only exclusively talking about equities you buy. If you’re talking about some other type of investment, including employee stock/stockoptions/etc well that’s a different game.

Anyway. peace… Have a nice weekend.[/quote]

Peace. I’m mostly drunk past 6pm. And did I say this is the beer week?
All my friends calls me freak. So is my returns.
nothing I say past 6pm can be held against me.
Maybe I’m on a lucky streak, Maybe I’ll bomb in a a few tax years. I never know at the beginnign if my investments payoff that big. Had I known, I would have done the same on my IRA. But I end up with a big gain on my regular and not much on my IRA. Maybe I should open a fund with stocks/options I start with in my IRA and ask people ot short it.
Either way, it helps to be little less preachy and a little more, I don’t’ know what.
I hope yo find peace just like I do at 8pm friday.

[dumbrenter]

[quote=squat250]it’s always been hard to get out of the rat race…
those rats are so quick. and resourceful.

this is one of my favorite books ever. it’sby a guy who was observing rats in NYC, and then wrote all about them. you will learn a lot about rats. ikind of cherish this book.[/quote]
That guy must have loathed rats more than I did.
Rats have a good deal going if you have the right space-time perspective. And by the way rats never race in straight lines.

[scaredyclassic]

rats are creatures of habit, never venture far from their nests, and stay on known routes. very little deviance over an entire lifetimefrom established routes.

the rat race…

[spdrun]

You’ve got to be kidding — when they started the construction on the riverfront near me (replacing the foot-overpass over the highway), my building’s back alley was suddenly infested with prime examples of R. Norvegicus. Thankfully ended once construction was done — hearing squeeeek, squeek, squ outside my bedroom window at 3 am got old.

[paramount]

I also think this entire fiscal cliff fiasco might be a bankster psy op.

As in, when we get this phony big fiscal cliff problem fixed, we’re all good.

It’s meant to trick the domesticated sheep into spending big again.

[spdrun]

Hopefully it will backfire and cause things to crash down to mid-late-2011 levels temporarily.

[scaredyclassic]

[quote=spdrun]You’ve got to be kidding — when they started the construction on the riverfront near me (replacing the foot-overpass over the highway), my building’s back alley was suddenly infested with prime examples of R. Norvegicus. Thankfully ended once construction was done — hearing squeeeek, squeek, squ outside my bedroom window at 3 am got old.[/quote]

if their lives are not disrupted, rats rarely deviate from their rat path.

[NotCranky]

[quote=spdrun]You’ve got to be kidding — when they started the construction on the riverfront near me (replacing the foot-overpass over the highway), my building’s back alley was suddenly infested with prime examples of R. Norvegicus. Thankfully ended once construction was done — hearing squeeeek, squeek, squ outside my bedroom window at 3 am got old.[/quote]

You can buy some pretty good rat poison. Just drop enough out the window that it will be gone by morning. Scatter it well so domesticated animals won’t by chance get a dangerous dose. Rats would be wiped out pretty quickly.

[NotCranky]

Good thread,FLU.

[spdrun]

You can buy some pretty good rat poison. Just drop enough out the window that it will be gone by morning. Scatter it well so domesticated animals won’t by chance get a dangerous dose. Rats would be wiped out pretty quickly.

The problem has been gone for about a year, so no worries right now.

[scaredyclassic]

rat poison! ha! you humans think you’re going to win! ha!

[UCGal]

We are told how concerned our politicians are about the debt and deficit.
– the fiscal “cliff”, unaltered, reduces both significantly.

So folks talking about the dire nature of the debt/deficit should be FOR the fiscal “cliff”.

If you care about your children and grandchildren, you should care about burdening them with debt. Even if it means adjusting revenues to well below Reagan levels – back to Clinton levels.

We hear how Social Security is broke… yet they cut the employee contributions by 2% to stimulate the economy. We need to stop that. How do you fix Social Security while simultaneously cutting the revenue to pay for it? Obviously the goal is to eliminate it – but no one will say so. Raise the SS deductions back to their previous levels – and raise the annual income threshold. Do the COLA fix to reduce the increase to SS each year. That’s a good start.

Folks – this is math. You can’t fix the budget with just cuts. You can’t fix the budget with just taxes. The sequestration (fiscal cliff) combines both. I say lets go over that cliff… Yes, I personally will pay more taxes and yes, I personally will see services I enjoy cut. But it’s not nearly as dire as kicking the can forever.

[livinincali]

[quote=UCGal]
Folks – this is math. You can’t fix the budget with just cuts. You can’t fix the budget with just taxes. The sequestration (fiscal cliff) combines both. I say lets go over that cliff… Yes, I personally will pay more taxes and yes, I personally will see services I enjoy cut. But it’s not nearly as dire as kicking the can forever.[/quote]

The real cliff is when the financial markets cut you off from deficit spending. In that scenario you don’t get to work you’re way there through gradual reductions. You get cut off all at once. That’s what’s happening in Greece. They can revolt all they want about the 50% cuts they are seeing to their retirement income but there isn’t a source of money that allows that fact to be false.

[Coronita]

[quote=UCGal]We are told how concerned our politicians are about the debt and deficit.
– the fiscal “cliff”, unaltered, reduces both significantly.

So folks talking about the dire nature of the debt/deficit should be FOR the fiscal “cliff”.

If you care about your children and grandchildren, you should care about burdening them with debt. Even if it means adjusting revenues to well below Reagan levels – back to Clinton levels.

We hear how Social Security is broke… yet they cut the employee contributions by 2% to stimulate the economy. We need to stop that. How do you fix Social Security while simultaneously cutting the revenue to pay for it? Obviously the goal is to eliminate it – but no one will say so. Raise the SS deductions back to their previous levels – and raise the annual income threshold. Do the COLA fix to reduce the increase to SS each year. That’s a good start.

Folks – this is math. You can’t fix the budget with just cuts. You can’t fix the budget with just taxes. The sequestration (fiscal cliff) combines both. I say lets go over that cliff… Yes, I personally will pay more taxes and yes, I personally will see services I enjoy cut. But it’s not nearly as dire as kicking the can forever.[/quote]

Ucgal…Give it up… Most people don’t think like an enginerd geek like you do. Most people have no concept of financial discipline or understand. As long as someone gives them something, they’ll figure out a way to spend more than that.

Our politicians love to vilify rich people and anyone else. They love to get people all stirred up over political ideologies. That way they don’t have to deal with reality. They don’t have to cut entitlement programs, they don’t have to raise taxes for everyone, they don’t have to make cuts in public sectors, they don’t have made educational cuts. And everyone has their own self-interest to preserve what’s theirs. That’s the way it goes.

There will be no massive spending cuts in CA… There’s no checks and balances… It’s a free for all in the state…Call it a spending orgy….At the expense of the prosperity of people.

Look out for yourself and your family…There’s nothing else you can do….And all that thing about buy american, save american jobs? Hogwash…Utterly hogwash….It was ours to lose.

[Author]

Posts