[Coronita]

I see a very long proxy fight and poison pill adoption to prevent a hostile takeover. Let’s not even talk about the anti-trust issues.

Also, of lesser concern probably to the new Qualcomm management….This sort of deal with screw just about every regular employee at Qualcomm.

Avago has a reputation of buying companies and chopping it up into pieces to boost shareholder value and than move on to another company, like a locust. The did just that to old Broadcom.

Great for shareholders. Great for old timers ready for retirement, they’ll see their stock/stock option go through the roof. Terrible for younger employees that don’t have a nice pile of stock/stock options. The net effect would be a net job loss for San Diego I think.

See the pattern here of the late? Everything is stacked against the newer/younger worker. Higher tax rate, less tax breaks, a lot of corporate deal making that will enrich shareholders and older “rest and vest” type employees which are just holding out for retirement anyway. The younger workers that didn’t get that many RSU’s/stock grants, and/or haven’t fully vested, and haven’t bought a house, haven’t built up their retirement, haven’t started a family, who were already having a difficult time saving/investing/affording a home…get the shaft.

Almost like a lot of Europe…like Spain!

[Coronita]

The solution to home ownership when it becomes less obtainable under the new tax rules would be to deregulate banks and offer 100% financed loans again. Lol.

[Coronita]

[quote=svelte][quote=flu]

Well, I am happy that a lot of people now understand what I have said all along.

W2 salaried upper income middle class always get screwed when it comes to any sort of tax reform…. For whatever reasons, politicians always like to think upper income salaried slaves are rich… [/quote]

It does appear that way.

I wonder if it is because they can get the most bang for their buck that way – lots of $$ in upper middle class, not many voters there (as opposed to lots in middle and lower class), and not much clout with politicians (as opposed to the truly wealthy).

Easy pickins for the tax base.[/quote]

It’s this way because the percentage of upper income well educated people in this country are relatively small compared to the majority dipshits, lazy, and Uber wealthy in this country….and because we have this pesky thing called democracy where every vote is the same..and that w2 slaves have very little wiggle room in terms of tax shelters.. So course they will end up bearing the majority of the burden any time any politician talks about tax reform or increasing taxes. I am not suggesting we change our democratic system. It’s just how it is.
This isn’t tax reform. This is abusing and exploiting what’s fvcked up about our tax system even further lol.

Morale of the story… Invest more work less….and tax advantage of the more favorable tax rates for cap gains and dividends and investment income. Learned that one a long long time ago.

[Coronita]

Meh..don’t worry folks…spend happy…better enjoy it yourself instead of handing it over to others… I love my latest Miata with the additional $10k in upgrades… i always wanted to do things that made no financial sense and borderline reckless. Now, I don’t feel so guilty for it as it matters a lot less… Lol…..life is too short to get all bent out of shape.

[Coronita]

[quote=scaredyclassic]you know, maybe its a message to cut back. at almost 50 state and fed tax over 260k, screw it, is it really worth working ones ass off.

maybe budgets need to set limits for when theceffort isnt worth it anymore. just say no to more[/quote]

Well, I am happy that a lot of people now understand what I have said all along.

W2 salaried upper income middle class always get screwed when it comes to any sort of tax reform…. For whatever reasons, politicians always like to think upper income salaried slaves are rich, meanwhile leaving corporations and the really rich alone.

Some folks keep saying how great Europe is… a lot of my colleagues are from Spain…they are here in the US because they complain how screwed up it is there. The poor or entitled crowd get a lot of free things. The rich pay less taxes. The middle class bears the majority of the tax burden. Meanwhile most of them can’t afford housing. Home ownership concentrated among the wealthy. Well, it looks like we are turning into that system. Lol.

I don’t have a problem paying more taxes if I earn a heck of a lot more money while doing a heck of a lot easier work….thankfully, that is the case i am currently in. And I also have to thank a few number of piggs, some of which are responsible for allowing me to build 1/3 of my net worth with much less effort than actually slaving away at a job. Thank you AN and sdrealtor. And then there are a few piggs that I have to thank for convincing me the path to earlier retirement is paying off a mortgage on a house that earns no money…thank you ucgal, wherever you may be.

This is pretty entertaining how foobared this is, and how messed up it’s going to be for a lot of people inclusive. But hey, look on the bright side… Estate taxes are being eliminated, so now you can inherit a lot of new property and pass on a lot of property , and build generation of generation of property owners…think of feudal times when you have Lords and serfs, lol.

[Coronita]

State tax deduction would be a big loss.

Mortgage interest deduction. I believe folks will be grandfathered if I am not mistaken.

I don’t know if this would really make homes more affordable. Granted home prices might go down a bit, but most folks trying to get into a home for the first time would have much less disposable income to work with to…

Works great for people with a lot of money. I predict an exasperated gap between those who own multiple homes and those who will be close to lifelong tenants…especially considering the tax plan also calls the elimination of estate taxes. Now generations and generations of property owners can pass on their properties with very little tax consequences

[Coronita]

[quote=The-Shoveler]Actually, I think this might spur a new type of property management Biz,
Where two families get together to buy high end homes that they rent to each other LOL.
Come to think of it I don’t know why they are not doing this now, A lot more write off’s that way,
Or maybe they make an agreement where each just say they are renting their neighbors house (exchange mailbox keys, not door keys etc..) LOL.[/quote]

That would only work if you can expense your rent as a business expense somehow. You normally can’t deduct rent unless you are really poor I think.

[Coronita]

So I guess given ones’ allocation of available money, one would divert as much money to the primary to pay it off early, or at least to the point where your mortgage interest deduction starts to phase out and soak your rentals with as much debt as possible, were you can still write off things as an expense?

I don’t think this tax hit to salaried upper income people would have made the much more of a difference under a blue president and congress. When people talk about taxes reform, that always mean taxing high salaried folks more, not really the wealthy.

Fortunately, no mortgage for me and with my current gig I get paid a heck of a lot of doing a lot less work than before, since now I “manage” lol.

It’s a little funny the direction we are headed feels like America’s version of China’s Cultural Revolution where the well educated, financially sound people in this country take a huge back seat to the dipshits in this country. If I wasnt so relaxed as I head into my older years of not really giving a shit, I wouldn’t be laughing at the irony. I would be crying. Feel sorry for all the young generation that will be a lost generation. Meanwhile, China and Taiwan now recognize dual citizenship, so I have more options now.lol…. just kidding…sort of.

It’s also funny somestill think magically home prices will crash 50%+ and and be able to take advantage when at the same time be subject to the 35% tax rate that would be needed to be able to afford said still expensive coastal property… Check the financial pecking order….I have a feeling on that ladder, folks aren’t at the top steps as one thinks…..

[Coronita]

[quote=FlyerInHi][quote=flu]Meh. I said it before and I’ll say it again. It doesn’t matter who is in charge…..when they talk about tax law changes , w2 wage earners in the upper income always end up footing the bill the most.

Frankly, I don’t care because I am surprised most of you would be surprised that taxes wouldn’t be going up … I am pretty sure my taxes would have gone up under Hillary too.

That said, I am glad I am making a lot more this year than last year with my new job, and my investments have more or less been doing great. And it’s great living free and clear and only need to be saving/invest in for my kids college…assuming mine goes to college. Maybe after Trump, people don’t need to go to college. Kinda like America’s version of the cultural revolution. Lolol

Some my.my buddies just got their offers from Apple, Facebook, etc…ok, given they are probably above average performers. I was blown away by their comp packages….. Just senior level engineers, not management , around $300-$350k total. I’d say tech is still doing pretty well in CA[/quote]

What an interesting post.

You say you don’t care but you care a great deal. BTW, Hillary had a tax plan whereas Trump’s promises are nebulous as always. The only certainty with Trump is that he’s out for himself.

And about Trump, remember that the “American Cultural Revolution” is aided and abetted by the Republicans. But no wonder because the American pitchfork peasants vote for the exactly opposite of what they want. At least the Chinese pitchfork peasants who supported Mao’s cultural revolution were more rational. what characterizes pitchfork peasants universally is the low education culture. However, now in the 21st century, the Chinese have become wiser and universally want university education for their kids (even is they can’t afford it, they still want it). It won’t be long before China matches the educational levels of South Korea.

Anyway… we can let the free market and the free flow of capital decide who deserves the economic rewards of the future.[/quote]

I don’t care anymore than I use to because I am used to getting screwed in taxes before….some of you folks that are getting screwed over now for the first time are complaining about what the rest of us that use to get regularly screwed over have been complaining about , but fell on deaf ears… That’s why it doesn’t bother us nearly as much as apparently it’s bothering you. We’ve already been seasoned by it…. Welcome to tax hell… Doesn’t feel good when you get taxed to support people and regions you don’t like, does it? Welcome to tax hell.

[Coronita]

Meh. I said it before and I’ll say it again. It doesn’t matter who is in charge…..when they talk about tax law changes , w2 wage earners in the upper income always end up footing the bill the most.

Frankly, I don’t care because I am surprised most of you would be surprised that taxes wouldn’t be going up … I am pretty sure my taxes would have gone up under Hillary too.

That said, I am glad I am making a lot more this year than last year with my new job, and my investments have more or less been doing great. And it’s great living free and clear and only need to be saving/invest in for my kids college…assuming mine goes to college. Maybe after Trump, people don’t need to go to college. Kinda like America’s version of the cultural revolution. Lolol

Some my.my buddies just got their offers from Apple, Facebook, etc…ok, given they are probably above average performers. I was blown away by their comp packages….. Just senior level engineers, not management , around $300-$350k total. I’d say tech is still doing pretty well in CA

[Coronita]

Brian Goodwin just posted his video of their ND race Miata with the Edelbrock SC. That thing is wickedly nibble and quick. This is how the ND miatas should have come out of the factory.

[Coronita]

I just let it be. Probably a golpher snake and those keep rats and mice in check. I’ll order a snake stick on Amazon for next time

[Coronita]

[quote=Ribbles][quote=flu]The ND Miata are actually pretty good stock form. The only complaint people have were the stock suspension we’re a little soft. I bought coilovers two weeks into ownership. For like $980.[/quote]
If I end up with an ND, that would be first on my list. I’ve also been thinking of doing something crazy like replacing the steering with a quicker ratio hydraulic setup. I have no idea what would be involved with that.

[quote]I think I am #3 in line for the install on October, so I’ll let you know how it goes.[/quote]
Thanks, I appreciate the thought.[/quote]

The steering isn’t that bad imho. The problem is with the ND everything is tied to the ECU so im not sure how easy it would be to replace it with a hydraulic…unless you do something like the V8 conversion which is hydraulic

You do have watch out for the stability control. It’s never really fully off. Supposedly if you turn it off and catch some air on the track, it ends you turning back on itself. But that is under extreme conditions

[Coronita]

[quote=Ribbles]I’ve heard good things about Goodwin. I’m a big fan of turbos, but I think I’d prefer a supercharger for a canyon carver.

Is it just me or is CARB being slightly less evil lately? It used to take years to get even an intake certified.[/quote]

I think newer cars are more efficient so it’s easier to pass carb. Folks have also said the wait to get carb certfied for kit cars isn’t as bad anymore. I might be tempted to convert my NA to something mean. FM has a V8 solution that is now also carb legal. Or there’s the other route of doing. Catfish. Costs about the same. One of these days.

The ND Miata are actually pretty good stock form. The only complaint people have were the stock suspension we’re a little soft. I bought coilovers two weeks into ownership. For like $980. And that took care of it. I am running about 3 seconds faster than in my NA with more power, though I think my setup is better in this car. With a blower hopefully I can knock a few more seconds off. Lol.

I think I am #3 in line for the install on October, so I’ll let you know how it goes. I will probably upgrade the radiator too since the front will be off. Beyond that, I don’t think there’s much more to do…

[Coronita]

[quote=Ribbles][quote=flu]…when Edelbrock releases the CARB legal supercharger.[/quote]
Oooh, really? That might be the trigger for me.[/quote]

Bump.

Edelbrock just completed CARB certification and it passed. They are waiting for the EO number. Goodwin Racing is taking preorders for the kit. Count me in..

Also, Flyin Miata just completed their CARB certification for the BBR turbo, which currently puts a little more power out. It was done the same day Edelbrock completed theirs.
Flyin Miata also sells the Edelbrock kit.

I bought from Goodwin to support the local businesses for this one..but both companies are great. I bought things from both in the past.

[Author]

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