[no_such_reality]

I keep things pretty simple.

When people go scurrying like a cockroach when a light is flipped on, I conclude they know what they were doing was inappropriate.

[no_such_reality]

Loans for college should be criminalized. It’s the worst for usury there is. At least a loan shark is honest about breaking your legs if you can’t pay. College loan programs will just indenture you for life.

Seriously, the loan programs to make college ‘affordable’ has done nothing but skyrocket the costs of college.

[no_such_reality]

[quote=flu][quote=CA renter]
If you can hold all other variables constant, then asset prices — especially those that are dependent on credit, like houses — would fall when rates rise. If you doubt this, ask yourself why the Fed has been hammering rates down during the entire housing/credit bubble bust.[/quote]

Um… historical data doesn’t seem to support this…Between late 70ies to mid 80ies, didn’t interest rates rise from roughly 9% to 18%? But during that period, home prices gained 30%….

Any financial gurus can offer an explanation?[/quote]

Inflation in that period was about twice that. Seriously 65% from 1978 to 1985. ’77 t ’84 was 75%. And it was 50% from 1975 to 1980.

[no_such_reality]

The fiscal cliff is a joke.

it’s $500 Billion in spending cuts over a decade, or $50 billion in cuts next year.

$50B/$3803B

Or ten year number $500B/$38300B

or really simply, about 1 penny and half on the dollar.

Oh the bloodletting we are doing, the horror, people will die in the streets.

[no_such_reality]

Currently have shallots, garlic, onions. A couple bell peppers hanging on and a tomato plant still going.

Going to be adding lettuce and some potatoes in the next few weeks.

I have a opossum problem, but he tends to be primarily digging up the lawn, flower beds and area around the compost bin. It appears to be after the grubs and worms.

[no_such_reality]

I vote to eliminate all credit card limits for everyone!

[no_such_reality]

I vote to eliminate all credit card limits for everyone!

[no_such_reality]

Well, the reality when you look a California is we actually are spending $225 Billion a year.

Have you ever heard that number? Didn’t think so.

It’s the general fund, fed funds to the state, special funds and a very small amount of bond funds.

Yet we thrash around bickering over the ‘general fund’ and it being 90 or 100 billion and the reality is Cali is really spending $225 Billion a year. All that other money is strings attached or mandates.

[no_such_reality]

[quote=SK in CV]

Correct, no SS portion of the SE tax if your w-2 is already over the SS wage limit. Just medicare, and bonus medicare when earned income goes over $250K. I think that’s .9%.

Also as a bonus, you get to deduct above the line what would otherwise be investment interest expense below the line if you buy anything on margin.[/quote]

Yep, he’s right. http://www.ssa.gov/pubs/10022.pdf

Imagine that, a person actually getting a benefit over a corporation.

[no_such_reality]

Wouldn’t you still be responsible for the company share of the self employment FICA tax?

If you have two jobs, you get a rebate on the FICA withheld, but the two companies don’t.

[no_such_reality]

[quote=flu]
Basically, I think I would be better off if I could report all my short term flips/etc on a schedule C versus schedule D.[/quote]

Schedule C income transfers to AGI, line 12.
Schedule D short term gains transfers to AGI, line 13

Are they treated differently for AMT?

Or are you thinking you have expenses to bury on Schedule C?

Or is this a 3.8% Obamacare tax thing?

Did either tax guy do a promo-forma on last year’s tax return to estimate the tax savings if you would have been 475(f)?

[no_such_reality]

You banking on having a bad year? Or am I missing something, seems like the upside of 475(f) is you’re not limited on taking your losses.

[no_such_reality]

[quote=SK in CV][quote=dumbrenter]
I get what you are saying but you are saying two different things:
1. the company RoA estimate is such that they do not think they can beat the increase in tax rates in dividends, hence figure it is better to return shareholder money.
[/quote]

This is kinda what I thought he meant. Hopefully he didn’t. It makes no sense. Individual tax rates have no bearing on a corporation’s internal rate of return.[/quote]

Individual tax rates changes the investor’s perceived value of the company retaining those earnings on assets.

By accelerating disbursements, management is essentially agreeing with the lower value.

Management is admitting that their planned growth from the additional asset (cash) investment will be worth less to the investor in year than having the cash today.

[no_such_reality]

Because ultimately, being a successful freelance person first and foremost requires you to be an effective sales person.

And a very effective interviewee.

And a very effective technologist.

If any one of those three aren’t top notch, your hourly rate and your down time will both suffer.

[no_such_reality]

No, you misunderstood what I said SK.

[quote]
What these dividends tell me is that these companies that are declaring special dividends (Costco for sure, Oracle maybe) have been sitting on way too much cash, without anything good to do with it.
[/quote]

In a nutshell, that’s what I said. A simple move a January payment to December, that’s nothing.

A special dividend. A pay the first 3 quarters of 2013 in December. That’s ‘we don’t have anything worth while to do with the money’.

Which then begs the question, why have they been sitting on it…

[Author]

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