Posts posted by hornmpa96
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Watched Shot Caller last night with Jamie Lannister, Shane from TWD and Michael Weston. It was a riveting watch. Seeing how he had to adapt to survive in prison and its implications to him and his family. Just an excellent movie. Im really surprised that it was released in 2017 and I was completely unaware this movie existed until last month.
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28 minutes ago, Incredulity said:
Are you refering to the "billionaire" tax proposal he made a couple years ago? Or is there a more targeted proposal to the 100M threshold?
There is a more recent proposal which includes 2 triggers - being a billionaire or earning greater than $100 million. Either test needs to be met for 3 years in a row.
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52 minutes ago, Incredulity said:
You are 100% wrong. There has been no discussion of excluding private businesses and assets.
51 minutes ago, immamac said:I'm not wrong. This isn't even drafted they aren't doing stupid shit stop fear mongering you fucking goon.
Just a couple of notes:
1. There is a 116 page legislative proposal which was released by Sen. Wyden and other co-sponsors which actually does provide the details behind this idea.
2. The annual mark-to-market rule and resulting tax applies to “Tradeable Covered Assets” which include publicly traded assets, assets readily traded in secondary markets (historically this definition has captured certain derivatives and non-publicly traded debt instruments), assets traded on online marketplaces which match buyers/sellers (crypto), and assets for which the Treasury Secretary determines a reasonable basis exists to annually value an asset. Obviously this last category is the key item for the Koch family, etc.
3. Non-tradeable Assets are covered by a separate provision in the bill. These assets aren’t subject to the annual mark-to-market rules and gain will be taxed when the asset is sold. However, there is an interest charge applied to this tax to account for the “deferral” period of the gain. Tax and the interest charge is limited to a maximum of 49% on any gain. This provision is generally intended to cover privately-owned businesses.
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3 hours ago, MinerProphet said:
Tell me more about this. From what I understand secondhand, making partner at a Big 4 for example, it only really makes a lot of sense if you do it pre-40 years old because you are having to finance a million (or more) bucks to become a shareholder and it takes years of carry to pay that off until you are in the positive?
I think most of the Big 4 has significantly reduced pension benefits for new partners.

Thursday Night's Slate NDSU @ Colorado + Other Games thread
in Football
Good job, Deion!