• 4 Posts
  • 28 Comments
Joined 1 year ago
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Cake day: June 25th, 2023

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  • Mostly yes.

    You get people selling off companies or several depreciated rental properties, and they get hit with the tax and can’t get out of it.

    There are some circumstances that they can manipulate though. When the stock market crashed in 2008, people sold off at enormous realized losses, sat on the cash for thirty days to avoid the wash rule, and bought right back in at the same low prices.

    That created years worth of carried over losses that enabled them to recognize capital gains at zero tax.

    It’s a reasonably common strategy called loss harvesting.

    Certain flavors of stock options appear to be tax free at time of sale, but this is because the initial grant was deemed W-2 wages and was taxed when it was issued at ordinary income rates.


  • A very long time ago, and much less technologically advanced:

    I went to boarding school. We had a little bit of a propensity for sneaking out of the dorm at night.

    New dean comes in our senior year and installs alarms on all the exits.

    Our senior year time capsule contains the controlling keypad to that alarm system that wasn’t even functional for twenty four hours.

    I’ve no doubt that today’s teens possess the ingenuity to bypass if not completely disable this thing.








  • My neighbors consistently party until about five in the morning with outdoor speakers on the weekends. I’m generally up for the day before they’re done with last night, and I get to enjoy free concerts from their sound system.

    You’re God damned right I’ve zero qualms about firing up the lawn mower as soon as the sun breaks the eastern horizon.







  • I know the guy who brought this suit personally. Damn near worked for him years ago. What a dick. His entire business, hundreds of millions of dollars, is shady as fuck.

    Another domino from the Chevron decision falls.

    I still predict that the entire tax code will be up next as it’s driven by regulations written by the department of the Treasury. You know, a federal agency, and those no longer have any legal authority.