[pepsi]

[quote=CostaMesa]LEt’s see how this math works.

Joey sells American steel so Tony can build a bridge. Two American jobs.
Lin sells Chinese steel so Tony can build a bridge. One American job. Price of bridge about 3% less.

Doesn’t make a speck of sense to me. There’s a reason the Republicans are the MINORITY party – because they’re totally out of touch with reality![/quote]

I am not against your concept, but I think the math is not quite right.
In reality, Joey can not have the job if he sell to only one buyer.
He will have to sell to maybe 20 buyers EVERY MONTH to have the job as a salesman.

So, that means at best, it is 21 jobs vs 20 jobs + 3% * 20 sales.
(assuming all 20 buyers are repeated customers)
And I think the invisible hand favors the 20 jobs model for now….

[pepsi]

[quote=CostaMesa]LEt’s see how this math works.

Joey sells American steel so Tony can build a bridge. Two American jobs.
Lin sells Chinese steel so Tony can build a bridge. One American job. Price of bridge about 3% less.

Doesn’t make a speck of sense to me. There’s a reason the Republicans are the MINORITY party – because they’re totally out of touch with reality![/quote]

I am not against your concept, but I think the math is not quite right.
In reality, Joey can not have the job if he sell to only one buyer.
He will have to sell to maybe 20 buyers EVERY MONTH to have the job as a salesman.

So, that means at best, it is 21 jobs vs 20 jobs + 3% * 20 sales.
(assuming all 20 buyers are repeated customers)
And I think the invisible hand favors the 20 jobs model for now….

[pepsi]

[quote=CostaMesa]LEt’s see how this math works.

Joey sells American steel so Tony can build a bridge. Two American jobs.
Lin sells Chinese steel so Tony can build a bridge. One American job. Price of bridge about 3% less.

Doesn’t make a speck of sense to me. There’s a reason the Republicans are the MINORITY party – because they’re totally out of touch with reality![/quote]

I am not against your concept, but I think the math is not quite right.
In reality, Joey can not have the job if he sell to only one buyer.
He will have to sell to maybe 20 buyers EVERY MONTH to have the job as a salesman.

So, that means at best, it is 21 jobs vs 20 jobs + 3% * 20 sales.
(assuming all 20 buyers are repeated customers)
And I think the invisible hand favors the 20 jobs model for now….

[pepsi]

[quote=CostaMesa]LEt’s see how this math works.

Joey sells American steel so Tony can build a bridge. Two American jobs.
Lin sells Chinese steel so Tony can build a bridge. One American job. Price of bridge about 3% less.

Doesn’t make a speck of sense to me. There’s a reason the Republicans are the MINORITY party – because they’re totally out of touch with reality![/quote]

I am not against your concept, but I think the math is not quite right.
In reality, Joey can not have the job if he sell to only one buyer.
He will have to sell to maybe 20 buyers EVERY MONTH to have the job as a salesman.

So, that means at best, it is 21 jobs vs 20 jobs + 3% * 20 sales.
(assuming all 20 buyers are repeated customers)
And I think the invisible hand favors the 20 jobs model for now….

[pepsi]

[quote=CostaMesa]LEt’s see how this math works.

Joey sells American steel so Tony can build a bridge. Two American jobs.
Lin sells Chinese steel so Tony can build a bridge. One American job. Price of bridge about 3% less.

Doesn’t make a speck of sense to me. There’s a reason the Republicans are the MINORITY party – because they’re totally out of touch with reality![/quote]

I am not against your concept, but I think the math is not quite right.
In reality, Joey can not have the job if he sell to only one buyer.
He will have to sell to maybe 20 buyers EVERY MONTH to have the job as a salesman.

So, that means at best, it is 21 jobs vs 20 jobs + 3% * 20 sales.
(assuming all 20 buyers are repeated customers)
And I think the invisible hand favors the 20 jobs model for now….

[pepsi]

It was from a managers meeting…BTW.

[pepsi]

It was from a managers meeting…BTW.

[pepsi]

It was from a managers meeting…BTW.

[pepsi]

It was from a managers meeting…BTW.

[pepsi]

It was from a managers meeting…BTW.

[pepsi]

[quote=XBoxBoy][quote=ncounty4]No, we don’t think that renting is a wise financial choice in our tax bracket.[/quote]

Actually ncounty4, I suggest you reconsider that. Compare these two case: 1) you buy an 800k property now, 2) you rent an equivalent property for two years, then buy.

In the first case, you will receive a tax deduction worth about 1/3rd or what you pay in interest on your loan. Depending on your interest rate, and the exact amount of your loan, I figure that deduction will be worth about 15k per year, or 30k for two years. ($720k loan times 6% interest times 34% tax bracket = $14688)

[/quote]

I think it is more like $9500, because you need to deduct the standard deduction:
(720K * 0.6 – STD ) * 0.34

[pepsi]

[quote=XBoxBoy][quote=ncounty4]No, we don’t think that renting is a wise financial choice in our tax bracket.[/quote]

Actually ncounty4, I suggest you reconsider that. Compare these two case: 1) you buy an 800k property now, 2) you rent an equivalent property for two years, then buy.

In the first case, you will receive a tax deduction worth about 1/3rd or what you pay in interest on your loan. Depending on your interest rate, and the exact amount of your loan, I figure that deduction will be worth about 15k per year, or 30k for two years. ($720k loan times 6% interest times 34% tax bracket = $14688)

[/quote]

I think it is more like $9500, because you need to deduct the standard deduction:
(720K * 0.6 – STD ) * 0.34

[pepsi]

[quote=XBoxBoy][quote=ncounty4]No, we don’t think that renting is a wise financial choice in our tax bracket.[/quote]

Actually ncounty4, I suggest you reconsider that. Compare these two case: 1) you buy an 800k property now, 2) you rent an equivalent property for two years, then buy.

In the first case, you will receive a tax deduction worth about 1/3rd or what you pay in interest on your loan. Depending on your interest rate, and the exact amount of your loan, I figure that deduction will be worth about 15k per year, or 30k for two years. ($720k loan times 6% interest times 34% tax bracket = $14688)

[/quote]

I think it is more like $9500, because you need to deduct the standard deduction:
(720K * 0.6 – STD ) * 0.34

[pepsi]

[quote=XBoxBoy][quote=ncounty4]No, we don’t think that renting is a wise financial choice in our tax bracket.[/quote]

Actually ncounty4, I suggest you reconsider that. Compare these two case: 1) you buy an 800k property now, 2) you rent an equivalent property for two years, then buy.

In the first case, you will receive a tax deduction worth about 1/3rd or what you pay in interest on your loan. Depending on your interest rate, and the exact amount of your loan, I figure that deduction will be worth about 15k per year, or 30k for two years. ($720k loan times 6% interest times 34% tax bracket = $14688)

[/quote]

I think it is more like $9500, because you need to deduct the standard deduction:
(720K * 0.6 – STD ) * 0.34

[pepsi]

[quote=XBoxBoy][quote=ncounty4]No, we don’t think that renting is a wise financial choice in our tax bracket.[/quote]

Actually ncounty4, I suggest you reconsider that. Compare these two case: 1) you buy an 800k property now, 2) you rent an equivalent property for two years, then buy.

In the first case, you will receive a tax deduction worth about 1/3rd or what you pay in interest on your loan. Depending on your interest rate, and the exact amount of your loan, I figure that deduction will be worth about 15k per year, or 30k for two years. ($720k loan times 6% interest times 34% tax bracket = $14688)

[/quote]

I think it is more like $9500, because you need to deduct the standard deduction:
(720K * 0.6 – STD ) * 0.34

[Author]

Posts