[Coronita]

[quote=The-Shoveler]The good thing about blocks is you can put them at an angle to make them fairly stable, and they won’t suddenly deflate on you LOL. (seriously I have seen that happen, it’s does not end well if someone is under it).[/quote]

I’ve see the really cool foam based ramps…
http://www.carid.com/race-ramps/sport-ramps-mpn-rr-40.html?gclid=CjwKEAiArqKmBRCOj_qfmuqinnYSJAAkAYwG-_2Khi-O9mSzvexpuolV2YYQQs71ZxKwP5XSfxLX1xoCVUvw_wcB

[Coronita]

[quote=Hobie]I am a fan of some HF tools, I would not get under that one. Quick Jack makes a 5k version. http://www.bendpak.com/Shop-Equipment/QuickJack/

GarageJournal.com forum is a good place to discuss tools. Very manly site![/quote]

I think i will go troll the GarageJournal.com site then. Thanks for the tip!

[Coronita]

I’m thinking I might need this for the following projects

On the Audi:
1a) Drop the axles and differentials to fix seal leaks that dealers want $500 in labor for (at least)
1b) Flush and replace the transmission fluid and filter $250 labor at the stealer

On the Miata:
2a) Drop the rear subframe to replace the rear differential with one that is a limited slip differential. Probably $250-300 labor
2b) Might be useful for the supercharger I’m scheduled to put in, especially if I’m going to be taking off the header ($$$$ for install)
2c) Flush the transmission fluid $100 labor
2d) Maybe replace exhaust downpipe ($100 labor??)

(I’m trying to convince myself this way pay itself off after these projects)

[Coronita]

[quote=Hobie]You come to a point in your life where convenience is worth a premium! This is it! Go for it. My only beef is limited clearance between the wheels. Sliding yourself in sidewise is blocked by lift. They do make a higher cap version but is heavy. Is that outrigger for lateral stability or a handle to move the unit? Seems like a good locking bar for safety.[/quote]

Agreed. The other one is the one sold by harbor freight. But that one just looks unstable and would limit what you could do underneath the car….This specific picture looks like an elephant on a table…

http://www.harborfreight.com/6000-lb-capacity-scissor-lift-91315.html

[Coronita]

[quote=The-Shoveler]How much ?

Seems like you could do that with bricks and a good floor jack lol.

Also seems like you need a compressor, or does it come with a hydraulic pump?[/quote]

about $1000, and it comes with either an 110V AC pump or a 12V driven pump

[Coronita]

[quote=deadzone]What areas in San Diego is mortgage with minimal down payment less than rent? Probably only undesirable areas.[/quote]

Mira mesa was….

[Coronita]

[quote=FlyerInHi][quote=flu]
The lunacy is going after a tiny savings plan that encourages individual americans to save/invest( which the last time I checked, would do many americans a good thing that traditionally does a piss-poor job of saving) instead of going after any other sort of “tax loophole” for corporations, hedge funds/private equity, or uber rich people… But I guess those people are important, since they fund campaign contributions, so they must be off limits I guess.[/quote]

Nothing of the sort.

The 529 plan has very low appeal. The proposal is to develop college incentives that have broader public reach.[/quote]

And like I said over and over again. Those college incentives could have been paid from taxes from truly “rich people/corporations”… It could have come out of our defense’s budget.

Why did they specifically pick the 529 plan, besides it was an easy target that people *thought* (since only a minority of group of people have them)…there would be no backlash against and could be crammed down people’s throat…

So the messaging is “let’s tax people who consciously save/invest and plan for the future instead of make good decisions on our country’s budget and allocate money elsewhere for this greater cause…And while we’re at it, let’s call the 529 plan a “rich person’s plan” so we can get more of the lemmings to agree to this, since well, so many people hate/envy more successful people in this country now anyway…”

School bully much?

Yes, that doesn’t sit too well with me…

[Coronita]

[quote=SK in CV][quote=flu]It’s more about the more sheer lunacy of the proposal.

But you are correct, that the likelihood of a retroactive tax on the 529 was unlikely. [/quote]

I’m sure why anyone would consider the proposal “lunacy”. Redirecting tax benefits to those who need it most seems pretty logical.

The “retroactive tax” was unlikely because it was never proposed.[/quote]

The lunacy is going after a tiny savings plan that encourages individual americans to save/invest( which the last time I checked, would do many americans a good thing that traditionally does a piss-poor job of saving) instead of going after any other sort of “tax loophole” for corporations, hedge funds/private equity, or uber rich people… But I guess those people are important, since they fund campaign contributions, so they must be off limits I guess.

I’m not suggesting we should be taxing corporations, uber rich people more. But if you are going to suggest “taxing the rich more”, don’t you think they should target the actual entities that they are talking about?

That’s the lunacy of this idea.

[Coronita]

[quote=FlyerInHi][quote=joec]
Discussion is fine, just the endless what IF, this That, ETC…on and on, etc…sounded like more freaked and worried to me.
[/quote]

It’s the same kind of wacked discussions about the likelihood of the government confiscating guns, etc…

There’s a process for things to get done. Proposals have to make it into actual legislations. Congressional leaders then to have to allow legislations to get voted on and passed by both houses. The President then needs to sign laws passed by Congress.

But still some people want to argue that just because there a proposal to change 529 that it then follows that Roth IRAs and 401ks would likely be retroactively taxed. What likelihood?[/quote]

It’s not a wacked discussion at all. We’re fine as long as we have sufficient bi-partisanship in our Congress + Executive branch to keep each other in check. But if at all one party dominates government, there’s a much bigger chance of things getting passed, for better or worse. I don’t think people really believe this would have been passed in our current balanced government. It’s more about the more lunacy of the proposal.

But you are correct, that the likelihood of a retroactive tax on the 529 was unlikely. Because I’m sure many of our politicians who contributed to this plan probably had much more money tucked away into 529’s and would probably want to be grandfathered in so that they wouldn’t have to pay for any sort of retroactive tax..And since they already had theirs, there’s nothing wrong with closing the “tax loophole” for anyone else that wanted to do it after them. Afterall, as long as I get mine, who cares about everyone else, right?

[Coronita]

[quote=Rich Toscano]Good question flu, and that may be part of the disconnect here. I am using BEA per capita personal income, which includes all sources of income, including investment income. (As it should… after all the point is to measure people’s ability to purchase).

If you want to get into the weeds, here’s the official definition:

Personal income is the income received by all persons from all sources. Personal income is the sum of net earnings by place of residence, property income, and personal current transfer receipts. Property income is rental income of persons, personal dividend income, and personal interest income. Net earnings is earnings by place of work (the sum of wages and salaries, supplements to wages and salaries, and proprietors’ income) less contributions for government social insurance, plus an adjustment to convert earnings by place of work to a place-of-residence basis. [/quote]

Thanks for the info. It just seems like seems like the equity markets weren’t that great earlier…Maybe people had less to invest or were sitting on the sidelines more out or more fear.
Now, maybe people are investing more these days. But then, some say that more people have less disposable income to invest. That’s why I was curious. For me, I know back 2003-2005 I was much more heavily dependent on wages for income than right now, but that was because I was fearful that my wages would be stagnant 10 years later, which apparently it is starting to look that way.

Anyway, end thread hijack

[Coronita]

[quote=Rich Toscano]That’s an argument I’ve heard from some SD people in the tech industry, but you can’t assume that it applies to the entire economy. It just doesn’t. Per capita income is up over 20% since 2005 in SD (despite similar claims from tech industry people here that their wages have stagnated). I doubt it’s much different in OC. Citing one senior developer’s salary history doesn’t really prove anything about the economy as a whole, which is what matters.
[/quote]

Rich, you did bring up something that I have a question about. Are people’s income rising because of their “salaries” or is it rising because of their other forms of income such as investments or both?

I’m curious about this because specifically I can see that salaries in tech are starting to flatten and I think is probably now the norm for more folks that’s been around longer…However, I would also guess that with a general improving housing/stock/etc markets, incomes from other sources also seem to be going up steadily as well, probably more so than one’s salary.
So I was curious if that 20% increase is just “salaries” or includes everything, whether it’s rental income, dividend income,etc,etc,etc. I’m just trying to reconcile the difference.

[Coronita]

[quote=AN]Like I said, we’ll just have to wait and see. I would never have thought SCA-5 would be proposed much less got extremely near passing by democrats, the party that’s supposed to be defending the minorities. But it did. So, I’m not ruling anything out.[/quote]

I think the bloomberg editorial summed it up pretty well….

? Because it’s a question we may have to ask ourselves. As I observed when I first wrote about the plan, the very fact that we are discussing taxation of educational savings — redistributing educational subsidies downward — indicates that the administration has started scraping the bottom of the barrel when seeking out money to fund new programs. Why target a tax benefit that goes to a lot of your supporters (and donors), that tickles one of the sweetest spots in American politics (subsidizing higher education), and that will hit a lot of people who make less than the $250,000 a year that has become the administration’s de facto definition of “rich”?

Presumably, because you’re running out of other places to get the money.

And….

What it does argue for is diversifying where you put your money: some in traditional IRAs and 401(k)s, some in Roth, and hopefully, some in regular taxable accounts, because you’ve already maxed out your tax-advantaged contributions. That way a change in a single program doesn’t radically alter your retirement and college plans.

What it also argues for is saving even more than you are. The government is going to come for its money one way or another, and the best way to deal with that is to have more than you need.

[Coronita]

http://www.bloombergview.com/articles/2015-01-23/obama-s-tax-on-529-college-savings-targets-middle-class?cmpid=yhoo

Uncle Sam Is Coming After Your Savings

Lol…

“As I noted then, this proposal is not going anywhere, not just because Republican congressmen will block it, but because it would be very unpopular with affluent blue-state voters who currently vote for Democrats. About the only people I saw defending this particular idea were blue-state singles who haven’t yet confronted the monstrous expense of shepherding their progeny into the new mandarin class to which they belong.”

Also

http://blogs.wsj.com/washwire/2015/01/23/making-sense-of-the-uproar-over-obamas-529-proposal/

[Coronita]

.

[Coronita]

[quote=SK in CV] There has almost never been an unfair retroactive change to federal tax law. With extraordinarily minor exceptions, changes have been prospective only.[/quote]

Uh?

California Proposition 30 came pretty close, right?

[Author]

Posts