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davidrmoran
I myself see a big pullback coming in the next six months but I don’t know that I have ever been correct over 45 years. I will put a lot of money in if a 10% pullback comes. I expect you r being prudent depending on how old you are. The thing is, if you’re young, you might as well stick it out and not try to time. He said.
yup, all those condescending libtards in the cities and coasts and academic centers, gonna pay through the nose
depreciating academe and expertise is key!
this is pretty good, planning and flexibility for the near future of this dog
https://www.nytimes.com/2017/12/19/opinion/republican-tax-bill-unstable.html
@MM,
If you ever get in totally passive mode, you can always do what a member of my family does, AOA and AOK 50-50 (or whatever other proportion suits you). She draws cashflow from AOK most of the time, obvs, at least recently.
I sometimes wince when people of any persuasion say all GOP reps are crooks and bad actors and should be strung up. However, these are friggin unbelievable:
http://www.ibtimes.com/political-capital/cornyn-pipeline-amendment-enriches-gop-lawmakers-l…
Consumer Reports wrote, as of four days ago:
The bill also prevents taxpayers from prepaying their state income taxes this year to avoid paying more in 2018. It says nothing about prepaying property taxes.
More here:
https://www.consumerreports.o…
bigleague worsening in the hope of future 'correction' by better souls
http://nymag.com/daily/intelligencer/2017/12/the-trump-tax-cuts-just-got-even-more-skewed-to-the-rich.html
sure, but this is as baldly self-enriching as it gets
and there is this likely outcome to boot:
https://www.theatlantic.com/business/archive/2017/12/tax-jobs-overseas/547916/
obvs, if the new standard deduction is higher, sure, and not if not
one other point I read, not in NYT I think, but maybe, was that on paper this makes taxation more progressive, which most want, but NOT when it actually goes to marginal cuts for t…
The average prop tax in NJ and NY is around or above $9k as of a couple years ago, not that you can fully understand anything from averages. All of NE, Illinois, Wisconsin, and Florida appear to be not far behind; guess it depends on which part of t…
don't have the numbers of how many people across the country pay >$10k in property plus state taxes, and some would argue that if you do, then by definition you are middle-class or above
will look into it a little and see what I find and report.
SaLT deduction limit kept at $10k, which is a serious fuckjob for many.
>> Within the middle quintile, people earning $54,700 to $93,200 a year, 62.2 percent would see their taxes go up. (vox article)
So much for that.
His last quote actually makes him sound smart, if you believe in disruptive technology and its investment potential. (See new Ric Edelman book.) No one is disputing or even misunderstanding anything you are arguing. But it is not the right argument …
Why are you making semi-straw args in response to a headline? Look at the record. Of course it has been in a bull market the last decade, but still.
Valuations in any strict historical sense have not mattered for some time.
as a diversion, some legal comedy
http://nymag.com/daily/intelligencer/2017/12/amazingly-unqualified-judicial-nominee-flayed-by-senator.html
but to get back to tax reality:
https://www.washingtonpost.com/opinions/the-gop-tax-bill-may-be-the-worst…
@bee
>> I just think individuals do a more effective job when it comes to caring for the needs of a community.
Got it. Thank goodness this view has been utterly repudiated for over a century!
@bee
>> I don't wish to fit into some box you choose to put me in.
Wait, so are you disowning what you wrote about trickling and noblesse oblige? How is taking you at your words fitting you into some box of my choice ? Ah, because of those …
@bee,
Completely flabbergasted to read your comments about both trickling and noblesse oblige, but I think what that chiefly must mean is that I have not been reading you carefully enough before now.
Here's a once and future wannabe farmer:
https…
And why does all this deeply matter to a crowd like us?
https://www.nytimes.com/2017/12/12/business/economy/tax-plan-standard-of-living.html
Students of the history of economic thought learn early on that taking money from the poor and the middle…
Weird! The reason I put the hed on this thread that I did was that Bernstein was pointing not to any of this sort of thing but to something quite other.
another good summary wrt to the markets and economy
https://www.washingtonpost.com/opinions/the-economy-is-on-a-sugar-high-and-tax-cuts-wont-help/2017/12/10/6d365950-dc51-11e7-b859-fb0995360725_story.html
Although the final tax situation and calcs have yet to be worked out, the invaluable ORP, https://www.i-orp.com/GOPtax/extended.html, has included them, and Welch will doubtless update as necessary. Not the calc @bee seeks, though.
I have not been in a Fido branch for some time, but one of my kids had to have some handholding for using her Fido Roth moneys as first-time homebuyer, and they were helpful and told her about the forms and what to expect when she filed her taxes. S…
oh, he is close to permabear (note 'buy gold / silver' at the bottom of his own site)
this may have been posted already but I did not see it, an extraordinary summary of risks real and imagined:
https://www.marketwatch.com/story/theres-overwhelmin…
