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January 18, 2015 at 9:46 AM in reply to: OT:Be careful what you wish for… 28% Capital Gains Tax Proposal #782139January 18, 2015 at 9:41 AM in reply to: OT:Be careful what you wish for… 28% Capital Gains Tax Proposal #782137
utcsox
Participant[quote=flu]I wonder if the biggest impact what is being proposed have the biggest impact on the middle class that plans on passing on a small biz or primary home to their kids, especially the baby boomers.
Afterall, if my understanding is correct, the proposal also eliminates the capital gains exemption from properties over $500k (not sure how small farms would work)…So…..upon death, the youngsters will need to cough up the capital gains tax bill or sell the property (and most likely they won’t have the money to pay the tax bill)….So in high cost areas…ouch…..And chances are, most of these middle class heirs won’t have the money for the cap gains bill.
For rich(er) people, this won’t be a problem, since I’m sure aforementioned heirs already have their trust funds set up well before that…
Oh, an foreign money aren’t subject to this, so that’s great news for foreign money…
Can you say, screw the upper middle class again?[/quote]
“Family-owned businesses wouldn’t have to pay any capital gains until or unless the business was sold, and slightly bigger, closely-held businesses would have 15 years to pay whatever they owe.”
Participant[img_assist|nid=20427|title=|desc=|link=none|align=left|width=100|height=74]
As you can see, the current estimate of the world oil demand growth for 3Q2014 is about 800,000 barrels/day below what it was projected in June.
With surge in oil supply from fracking and oil sand, you see a large drop in oil price in the short term.
ParticipantThe supply curve and demand curves for crude oil in short term is very steep. With oil price above $100 per barrel , fracking and oil sand is economically viable to produce crude oil. The softening global economics (China and Europe) has reduced the demand for crude oil globally. Both of these factors have contributed in a sudden sharp fall in crude oil prices in short term. Now, we will see how demand and supply adjust to price changes in long term.
Participant[quote=svelte]The real question is – where can we piggs put our money to best profit when oil prices begin to rise again?
Prices this low may last a month or a year, but they won’t last forever.
http://finance.yahoo.com/news/oil-stupid-range-expert-140614930.html%5B/quote%5D
Mohamed El-Erian, former co-chief investment officer of Pimco, shared his view of low oil price in Bloomberg today:
“As costs fall for manufacturing and a wide range of other activities affected by energy costs, and as consumers spend less on gas and more on other things, many oil-importing nations will see a rise in gross domestic product. And this higher economic activity is likely to boost investment in new plants, equipment and labor, financed by corporate cash sitting on the sidelines.”
Since U.S is a net oil-importing nation, the low-price of oil shall continue boost the growth.
http://www.bloombergview.com/articles/2014-12-23/us-economy-leaves-the-world-behind
ParticipantTime Warner customers in San Diego will get free speed boost in early 2015. Standard service (up to 15 Mbps) will increase to (up to 50 Mbps). Ultimate Plan (up to 100 Mbps) will increase to (up to 300 Mbps). More detail can be found on the link below:
Participant[quote=Blogstar] He knows he didn’t bring hope and change to Ferguson so he has to cover up by scapegoating the cops by letting the racist innuendo fly. Bread and circuses at it finest lead from the top.
The whole race and poverty thing is mired in dirty politics.[/quote]
Here is the full transcript of Obama’s response on Ferguson. http://www.washingtonpost.com/politics/running-transcript-obamas-remarks-on-ferguson-mo-and-iraq/2014/08/18/ed29d07a-2713-11e4-86ca-6f03cbd15c1a_story.html
Where is the “racist innuendo” that you are referred to?
Participant[quote=urbanrealtor][quote=EconProf]We economists are largely in agreement about raising the minimum wage: it will kill jobs.
The recently proposed mild increase in the federal minimum wage would cost about a half-million jobs, according to federal officials.
But the huge jump to $13.09 for San Diego only would have a far more powerful impact on employment within our city limits.[/quote]
Also, I think referring to yourself as “we economists” is a wee bit of a stretch.[/quote]“we economist from the right” …
Participant[quote=AN][quote=urbanrealtor]
Who works at min wage jobs now?[/quote]
The largest group of min wage workers are in households making $100-200k/year.The largest group of min wage workers are in households making $100-200k/year. Majority of min wage workers are <25 years old. As I said in my earlier post, raising minimum wage by that much will definitely give a big boost to automation. [/quote]Seriously? The largest group of min wage workers are in households making $100-200k/year Do explain.
May 31, 2013 at 12:10 PM in reply to: Which public schools are better: Carmel Valley or La Jolla #762338ParticipantPlease also check out Jim the Realtor blog:
http://www.bubbleinfo.com/category/carmel-valley/Below website also has good information of the communities in Carmel Valley.
http://www.cv-home.com/Carmel Valley is in high demand due to its excellent public schools and close proximity to the job centers. The coastal part of CV, south of 56, also has one excellent selling point: against the traffic if you work in downtown area.
Participant[quote=SD Realtor]Updating….
You can cross check this with JTR’s blog as he has similar data. For buyers I recommend you sit out for awhile or if you are going to go in, go in very strong and go in early. Forget about trying to get a deal, forget about trying to negotiate with counter offers because if your offer is not strong, you probably will not get a counter at all.
At some point prices will level off but right now the restricted supply has drastically altered market dynamics in these areas, (and probably many others)[/quote]
JTR had a post yesterday of CV heading for +20%.. Is that fairly close to what you are seeing also? I think the house on the post yesterday is either on Torrey Hills area or Carmel Country Highlands. South of 56, 4+ bedroom with one bedroom down stair.
If this is true, you will not be underwater if you bought it in 2011, 2012 time frame.ParticipantFrom BLS,
“Total nonfarm payroll employment increased by 236,000 in February, and the unemployment rate edged down to 7.7 percent..”
Where you at job-truthers? 236,000 jobs created and unemployment rate down. 60k+ more jobs created compared to the October number. Where is the outrage?
ParticipantJob report tomorrow. Gallop projected 7.0% unadjusted unemployment rate. That’s right 7.0%!!
http://www.gallup.com/poll/158483/unadjusted-unemployment-down-october.aspx
It will be fun to see how accurate Gallop tracks official BLS number tomorrow. So far, Gallop has not track the official number very well.
September 26, 2012 at 11:15 AM in reply to: 4.4% annual salary increase for the next four years for Chicago Teachers #751892Participant[quote=Brutus]My daughter went to the best private schools for next to nothing. For the one year she was in public schools, I got to see how low your average public school has fallen. Every day I thank Dog that she didn’t have to go to public schools.
[/quote]Does your daughter go to one of the “best privates school” in San Diego? If so, can you let us know which one and how much it cost per year? I am sure there are many lurkers are interested in best private schools locally “for next to nothing”.
Participant“Actually, the share of people who receive federal benefits exceeds Romney’s 47 percent. Based on its Survey of Income and Program Participation (SIPP), the Census Bureau estimates that in mid-2011 — the latest available figures — the number of people with benefits came to 149.8 million, or 49 percent of the population. But this figure is too low, because SIPP doesn’t include several major programs (farm subsidies and college loans and grants). With these, the total probably exceeds 50 percent.”
See, Mitt is actually a nice guy. Unlike Mr. Samuelson, at least Mitt doesn’t consider folks have to take on college loans and grants “mouchers”.
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