Forum Replies Created
-
AuthorPosts
-
CoronitaParticipant[quote=paramount]Most know when to buy, selling is then the harder part IMO. I’ll sell on momentum.
Better yet, I’ll sell when flu gives the signal if flu is so obliged. If it weren’t for flu, I would not even have known about phot.[/quote]
DON’T YOU DARE PIN THIS ONE ON ME…
THAT’S NOT FAIR.
I DIDN’T SIGN UP TO BE YOUR FINANCIAL ADVISOR….
A better financial advisor is if you invest in a nice dartboard, and hang up your favorite copy WSJ there and throw darts at it and buy whatever sticks….
I use to do this… until neighbor started stealing my WSJ on the very important days…..
So I got this idea of weed stock after watching the movie Road Trip…..
Ok, now that the truth comes out… I dare you to stay long on this stock….
FLU… making a mockery of mad stock picking skillZ… one stock pick at a time..
Paramount: just one question…. Did your gain on PHOT so far exceed the loss you took on your BMW, after listening to nutjobs like me ranting and raving about BMW’s? If so, sell….And cut even… Then I can sleep better knowing I didn’t totally screw you over….
March 17, 2014 at 5:43 PM in reply to: SCA-5 Dead (for now..this year…)….Don’t let the Hernandez/senate bring it up in 2016… #771989CoronitaParticipant[quote=deadzone]I think you guys are making way too big a deal out of this. Although in general I am against affirmative action if it means putting less qualified people in positions in place of more qualified, I don’t necessarily feel that way when it comes to our public universities.
Fact is, these are tax payer subsidized institutions funded by all Cal tax payers. If, for example, only 10% of the population is Asian but 50% of the student body is Asian, THAT IS A PROBLEM. So what if an Asian student gets beat out by a black student with a slightly lower SAT score. As long as there are minimal standards maintained I don’t have a problem with that.
It is common sense that a state university should strive to have a demographic at least partially in line with the state demographic. The entire purpose of a public school is to provide a service by educating state residents. Ther eis no law that says they have to admit only kids with the highest SAT scores.
College educationis highly overrated in the first place but that is a completely different debate.[/quote]
Uh, whatever.
I think the problem is that asians don’t make a big deal out of most things, and that’s exactly why asians are in the predicament that they are in right now of consistently getting in the nuts…well, at least until now….. That’s the problem.
As far as equal opportunity..Well, considering that America has made history, with first the African American President of the U.S, I think this remarkable achievement has demonstrated one thing…We have evolved beyond classifying “disadvantaged people” because of race or skin color… This is the 21st century, afterall…Doing so, screams nothing more than racism and sterotypes.
CoronitaParticipant[quote=all][quote=flu]Don’t even get me started……
Tax time is a constant reminder of how stupid I am for at least being partly dependent on being a W2 salary slave…[/quote]
We know your kid can write. Maybe you can hire her to write the documentation for you? Maybe do some QA as well. She can then pay for her own school and deduct that from her income. Something like that.
My daughter does some graphic design for my wife’s apps. Does that make her afterschool art program deductible?[/quote]
You know as much as I would like to screw around the gray(grey) area for tax deductions, I really don’t want to get a call from the IRS… Especially if my kid or I ever plan of running for some vacant public office position… like one that hopefully Ted Lieu will lose….Then, I can get paid well to lie, pretend, and be a hypocrite for a living… Just kidding… Ok, not really.
March 17, 2014 at 3:16 PM in reply to: SCA-5 Dead (for now..this year…)….Don’t let the Hernandez/senate bring it up in 2016… #771981CoronitaParticipantNote:
[quote]
Pérez said he decided not to put SCA 5 to a vote at the request of the bill’s sponsor, Sen. Ed Hernandez, D-West Covina. Hernandez’s office said he’s more focused on getting the measure on the 2016 ballot.
[/quote]Hernandez plans on bringing this up again on the 2016 ballot. Two years… to make sure it doesn’t happen….
March 17, 2014 at 3:05 PM in reply to: SCA-5 Dead (for now..this year…)….Don’t let the Hernandez/senate bring it up in 2016… #771980CoronitaParticipantInteresting what is going on in the bay area too…
Lol….
CUPERTINO — Chinese-Americans were exhorted Sunday to redouble their opposition to the proposed California constitutional amendment that would reinstate affirmative action in public universities.If passed by the Legislature and then by state voters, Senate Constitutional Amendment 5 would jeopardize their children’s chances of being admitted to state universities, opponents told more than 150 people gathered at a “Stop SCA 5” forum at the Cupertino Community Center.
“It would be a serious mistake to let the Latino caucus secure the vote of all Democrats,” said Ward Connerly, author of Proposition 209, which SCA 5 would overturn. Connerly’s proposition outlawed consideration of race in University of California and California State University admissions. He called SCA 5 “a violation of all democratic principles.”
Frank Lee, of the conservative Pacific Justice Institute, said, “No student should be favored or degraded because of race.” He vowed that the institute would sue if the initiative passed.
Proponents have said that SCA 5 would simply allow admissions officers to consider applicants’ race.
The controversial anti-affirmative-action activist and former University of California regent, dismissed that claim.
“I guarantee you the number of Asians will be diminished and the number of Latinos will be increased” if SCA 5 passes, said Connerly. “That’s the whole objective.”
MANY DIRE WARNINGS
Besides rallying opposition to the bill, Sunday’s forum sponsored by the San Francisco-based Chinese-American Institute for Empowerment also served to drum up votes for local Republican candidates and contributions to GOP candidates elsewhere.
Sensing the potential political gain in this issue, the top GOP leaders of both chambers addressed the session, which was conducted in Mandarin and English.
Senate Minority Leader Bob Huff, R-Diamond Bar, warned that the bill could also restrict parent choice in K-12 schools, by influencing admission to charter schools, what he called laboratories of innovation.
SCA 5 “takes away the incentive,” said Assembly Minority Leader Connie Conway, R-Visalia. “Why work hard when that hard work will not be rewarded?”
She urged participants not to relent on their pressure, even if the bill is set aside. “It’s like at the grocery store. Once it’s on the shelf, it is always for sale.”
With five Asian-American legislators under heavy pressure from Chinese-American parents, the bill’s passage in the Assembly isn’t certain. In addition, three Asian-American senators who supported the bill have changed their minds and asked Assembly Speaker John Perez to halt it.
Lee urged against compromise.
MORE SELECTIVITY
The safeguard against SCA 5 ever passing is to diminish the Democrats’ legislative majority, said Mei Mei Ho, president of a Los Angeles County GOP group. Republican legislators oppose SCA 5. She suggested Silicon Valley Chinese-Americans “adopt” GOP candidates — sending them contributions — in the Central Valley and Southern California swing districts.
In 1996, Proposition 209 passed with support of 61 percent of Asian-American voters. But since then, the Asian-American population has swelled, in part from wealthy immigrants to Silicon Valley who have a starkly different history from Asians descended from immigrant laborers of the early 20th century.
And admissions have become more selective at elite colleges, including UC’s Berkeley and Los Angeles campuses, which many immigrant Asians perceive as the most desirable UCs.
Three years ago, Professor William Jiang of San Jose State University said he found that Asian-American applicants needed to score 400 points higher on the SAT test in order to be offered a slot at an Ivy League college.
If Democrats don’t watch out, affirmative action could do for them what Proposition 187 did for Republicans in 1994, warned Shichang Miao of Foster City. The anti-illegal immigration proposition, which was passed by voters then invalidated by the courts, alienated Latinos from the Republican Party for a generation.
CoronitaParticipant[quote=AN] Last year, I did that and my combined state + federal was ~9%. This year, I didn’t do any 1099 stuff and I’m paying ~17% combined all the while, getting paid less.[/quote]
You really know how to pour salt down that wound of mine…. Why not skip salt water, and just get out the rubbing alcohol and dump that in while you’re at it, and then get out a lighter while you’re at it 🙂
CoronitaParticipant[quote=SK in CV][quote=flu][quote=SK in CV][quote=flu]
I’m getting killed absolutely at taxable income… Ever since companies switched over from stock options to RSU’s, I’m absolutely getting reamed. Shares that vest that I don’t sell end up getting counted as taxable income.. [/quote]Any logical reason that RSU’s shouldn’t be treated this way? It’s yours. It can’t be taken back. It has value. You have to pay tax on it just like everyone else who gets cash in their paycheck.[/quote]
(Waiting at the airport.)
How is that different from in-the-money vested stock options?
Suppose I had 1000 shares of ISO stock options that with strike price of $50/share that vested today when the FMV of QCOM stock is $77/share, for which I exercise but don’t sell.
How is this any different than if I had 350 shares of RSU’s that vested today @ $77/share, but don’t sell?[/quote]
If you’re paying AMT, then it wouldn’t be much different at all. The difference between option strike price and value at date of vesting is subject to AMT. So you’d have to pay tax on the ISO value almost the same way you pay on the RSU’s.[/quote]
True, but you do have one option with options that you don’t have with RSU. You can simply elect not to exercise after you vest, even though those “options” are yours and cannot be taken back too.
Oh well, I am not empowered to effect change anyway, so it’s a moot point.. And paying 29% or more on X is still better than paying 10% of nothing….
CoronitaParticipant[quote=SK in CV][quote=flu]
I’m getting killed absolutely at taxable income… Ever since companies switched over from stock options to RSU’s, I’m absolutely getting reamed. Shares that vest that I don’t sell end up getting counted as taxable income.. [/quote]Any logical reason that RSU’s shouldn’t be treated this way? It’s yours. It can’t be taken back. It has value. You have to pay tax on it just like everyone else who gets cash in their paycheck.[/quote]
(Waiting at the airport.)
How is that different from in-the-money vested stock options?
Suppose I had 1000 shares of ISO stock options that with strike price of $50/share that vested today when the FMV of QCOM stock is $77/share, for which I exercise but don’t sell.
How is this any different than if I had 350 shares of RSU’s that vested today @ $77/share, but don’t sell?
CoronitaParticipant…sorry. my numbers were off…
In 2012, my federal was 22%, my state was 7%
I forget… 19% was something that happened in 2011…..
Beat that, whiners! 🙂
CoronitaParticipantEvery year, I visit a different accountant (one accountant I keep around just for kicks)… That’s after I’ve done my own taxes on turbotax… just to see if I’m doing my taxes wrong…
Every year, the accountant pretty much, charges me $300-400, spends 1 maybe 2hrs reviewing my taxes, and tells me… Nope, you’re pretty much screwed….
I’m getting killed absolutely at taxable income… Ever since companies switched over from stock options to RSU’s, I’m absolutely getting reamed. Shares that vest that I don’t sell end up getting counted as taxable income.. And with a tech company that changes quickly, I’ve learned never to hold on *that* long to realize LT capital gains (otherwise, it might end up being a LT capital loss…lol…)…
And property taxes (or any paid taxes) end up washing out on my itemized deductions from AMT…..
Short term trading (not day trading) doesn’t help either….
My neighbor owns his own medical practice.. Don’t even get me started on all the tax incentives he has…
“Paying fair share of taxes”… Don’t even get me started….
Anyway, got to go pick up a customer from the airport now..
CoronitaParticipantDon’t even get me started……
Tax time is a constant reminder of how stupid I am for at least being partly dependent on being a W2 salary slave…
CoronitaParticipantHow the heck are you folks getting a 12% tax rate on fed. Mine is close to 19% and that’s with itemized deductions.
I must be doing my taxes wrong
CoronitaParticipant52 week high… Anyone getting out?
I think I’ll hold until it either goes to $0, or goes to whatever…
CoronitaParticipantMy kid made a duct tape wallet for me to use, recyling an old wallet I had that ripped….
My kid learns from a very basic flow chart I use all the time…And I’m pretty proud of it…
-
AuthorPosts
