(Thread IKs:
skooma512)
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Thoguh posted:Unless I'm missing something the holding of the bag is just the charities getting a donation that is worth a lot less than what the person donating gets to write off not them actually being bagholders so this sounds more like bog standard legal tax fraud via charitable donations vs anything particularly insidious. How is donating it to charity any different than selling for a loss and writing off that loss? Other than selling it makes a couple of pennies a share. Or is this some case where the shares are not publicly traded, so you need some way to offload the shares? And no one else is going to take essentially valueless shares off your hands for free.
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May 9, 2023 22:10
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theCalamity posted:https://twitter.com/nikkibarnesfl/status/1655934756700430336?s=46&t=o307xxBiew2hWqLPw2eClA They'll try to use prison labor before they budge
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May 9, 2023 22:12
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Orvin posted:How is donating it to charity any different than selling for a loss and writing off that loss? Other than selling it makes a couple of pennies a share. I dunno I'm not wealthy enough to do anything other than the standard deduction. Your idea makes sense though.
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May 9, 2023 22:14
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Nothus posted:They'll try to use prison labor before they budge
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May 9, 2023 22:14
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Nothus posted:They'll try to use prison labor before they budge “Try?” They already do lol.
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May 9, 2023 22:14
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Paradoxish posted:A family friend's son works construction in Florida and based on what he was saying yesterday I'm thinking these videos are mostly or all legitimate. His boss already told him to expect layoffs because, uh, I guess when faced with a sudden massive labor shortage the right thing to do is fire more people? So "A Day without a Mexican" finally happened. https://www.youtube.com/watch?v=cYJcfhxMkrQ Just watching the trailer reminds me it's due a rewatch. LOL at "Jose... Mothership!"
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May 9, 2023 22:19
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Nothus posted:They'll try to use prison labor before they budge Lol they already do and if it could meet demand they'd have done this years ago. Real talk, doomers: do I need to go pull out cash and stock up on canned goods? I'm obviously already good on beans.
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May 9, 2023 22:21
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Orvin posted:How is donating it to charity any different than selling for a loss and writing off that loss? Other than selling it makes a couple of pennies a share. Writing off losses has a limit which is probably going to be very small compared to anyone "investing in startups." $50,000+ for a fart tracking app that is going bankrupt next month Charitable donations are a different write off with a much higher limit and apparently if you can just make up an imaginary value for your startup investments then it would be stupid to not do that. Instead of losing $50,000 on the fart app and being able to get $3,000 back you'd get $25,000+
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May 9, 2023 22:22
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mycomancy posted:Lol they already do and if it could meet demand they'd have done this years ago. yes l, but in like, 5 years when the climate starts to collapse past the point that any government can do anything about it.
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May 9, 2023 22:22
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nothing the same thing their doing now climate will have its way in florida
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May 9, 2023 22:23
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HallelujahLee posted:nothing the same thing their doing now climate will have its way in florida inshallah
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May 9, 2023 22:24
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mycomancy posted:Lol they already do and if it could meet demand they'd have done this years ago. once again: if you are relying on cash and beans to survive, youll get another month after the rest of society collapses tops.
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May 9, 2023 22:26
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anime was right posted:once again: if you are relying on cash and beans to survive, youll get another month after the rest of society collapses tops. I'll take it.
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May 9, 2023 22:26
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In the event of a total meltdown the thing you want to stock up on is friends and social networks which is a problem for most goons
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May 9, 2023 22:29
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the bitcoin of weed posted:In the event of a total meltdown the thing you want to stock up on is friends and social networks which is a problem for most goons I know like four people and they are all online
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May 9, 2023 22:30
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the bitcoin of weed posted:In the event of a total meltdown the thing you want to stock up on is friends and social networks which is a problem for most goons or useful, basic non-computer skills, which again
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May 9, 2023 22:30
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Get sailing and fishing lessons. During a collapse get to a marina and steal a boat. Not joking.
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May 9, 2023 22:39
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the finanseer
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May 9, 2023 22:41
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based ron stopping the exploitation of undocumented unprotected laborers, ron desantis, thank you 🙏
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May 9, 2023 22:48
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HallelujahLee posted:nothing the same thing their doing now climate will have its way in florida sadly its the one good part, Miami, that’ll go first
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May 9, 2023 23:03
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Rectal Death Adept posted:Writing off losses has a limit which is probably going to be very small compared to anyone "investing in startups." $50,000+ for a fart tracking app that is going bankrupt next month the tweet claims you can get back more than your initial investment which to me implies it’s either you bought shares at a discount to the last funding round but your writeoff is based on the funding round, OR some kind of leveraged buyout type situation where the company itself holds a lot of debt that paid for half the value of the shares during the funding and investors pocket the difference and then leave the charity with the debt laden startup
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May 9, 2023 23:04
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Maed posted:sadly its the one good part, Miami, that’ll go first that honor goes to the keys not that i consider the keys any good prob then miami yeah
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May 9, 2023 23:06
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the bitcoin of weed posted:In the event of a total meltdown the thing you want to stock up on is friends and social networks which is a problem for most goons Good point, I'm glad there's a surplus of friends and social networks out there.
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May 9, 2023 23:13
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mint that fuckin coin
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May 9, 2023 23:29
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FOIA the treasury for the platinum coin designs and let's see those glomar responses (assuming they respond before june, lol)
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May 9, 2023 23:30
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Paradoxish posted:white people losing their jobs because you did a racism too hard is very, very funny
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May 10, 2023 00:00
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Father Wendigo posted:https://twitter.com/SmallMutuals/status/1656025717090529281?t=TnGypC7fu4twEp8Rq001tQ&s=19 FYI, this is blatantly wrong advice - (i) you'd need to get a Fair Market Value of the shares when donated not weeks/months ago when it was higher and (ii) you'd need to get a qualified appraisal of the shares (which would cost money) to get the Fair Market Value from (i) or else the IRS can automatically disallow the entire deduction. In fact, the IRS has started a campaign to audit noncash charitable contributions of non-cash assets given the stringent rules since it's free money for them if you don't follow the requirements. In other words: yes, Angel Investor goobers, please do what the Twitter moron says to do! 
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May 10, 2023 00:07
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There was some occasional talk in this thread about how businesses are now largely trying to abandon poor people and target the top 10% income bracket because that's where the money it. I was telling my mother about this earlier today, does anyone have articles on this topic handy that I can forward to her? Google is even more useless than usual on this subject.
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May 10, 2023 00:35
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Before the like 6% year over year inflation we had the items, aside from healthcare and housing, that had highest inflation were luxury items. Good place to start.
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May 10, 2023 00:37
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SKULL.GIF posted:There was some occasional talk in this thread about how businesses are now largely trying to abandon poor people and target the top 10% income bracket because that's where the money it. I was telling my mother about this earlier today, does anyone have articles on this topic handy that I can forward to her? Google is even more useless than usual on this subject. The word that you're looking for might be "premiumization". https://www.nytimes.com/2023/03/04/business/economy/premium-prices-inflation.html https://www.theiwsr.com/premiumisation-surged-during-covid-will-it-continue/
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May 10, 2023 00:38
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SKULL.GIF posted:There was some occasional talk in this thread about how businesses are now largely trying to abandon poor people and target the top 10% income bracket because that's where the money it. I was telling my mother about this earlier today, does anyone have articles on this topic handy that I can forward to her? Google is even more useless than usual on this subject. There was a Washington post article from 2020 or 2021 that talked about how economists believe the economy will be fine if the bottom 40% is abandoned. I can't find it at the moment. I remember Heather Long tweeting it out.
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May 10, 2023 00:48
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theCalamity posted:https://twitter.com/nikkibarnesfl/status/1655934756700430336?s=46&t=o307xxBiew2hWqLPw2eClA pretty amazing footage
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May 10, 2023 01:00
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SKULL.GIF posted:There was some occasional talk in this thread about how businesses are now largely trying to abandon poor people and target the top 10% income bracket because that's where the money it. I was telling my mother about this earlier today, does anyone have articles on this topic handy that I can forward to her? Google is even more useless than usual on this subject. Visit your local car dealership. Ford doesn't even make sedans anymore for the most part.
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May 10, 2023 01:11
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Sanlav posted:There's no victim when you evade taxes. None at all I say as our underfunded government cannibalizes itself rather than enforce tax law. Lol the Federal government isn't underfunded, it makes its own money. Federal taxes are just a way to control inflation.
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May 10, 2023 01:12
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PerniciousKnid posted:Lol the Federal government isn't underfunded, it makes its own money. Federal taxes are just a way to control inflation. and the rich don't pay it 🌝
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May 10, 2023 01:16
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How new emote just dropped: 
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May 10, 2023 02:00
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Mr Hootington posted:There was a Washington post article from 2020 or 2021 that talked about how economists believe the economy will be fine if the bottom 40% is abandoned. I can't find it at the moment. I remember Heather Long tweeting it out. thread titty
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May 10, 2023 02:07
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FlapYoJacks posted:How new emote just dropped: lol
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May 10, 2023 02:11
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FlapYoJacks posted:How new emote just dropped: owns
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May 10, 2023 02:14
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FlapYoJacks posted:How new emote just dropped: nice
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May 10, 2023 02:15
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