(All for US.) Yes you (will) have a realized long-term capital gain, which is taxable. Long-term gains (including those distributed by a mutual fund or other RIC, and also 'qualified' dividends, both not relevant here) are taxed at lower rates than 'ordinary' income but are still bracketed almost (not quite) like ordinary income, not always 15%. Specifically if your ordinary taxable income (after deductions and exemptions, equivalent to line 43 minus LTCG/QD) 'ends' in the 25% to 33% brackets, your LTCG/QD income is taxed at 15% unless the total of ordinary+preferred reaches the top of those brackets, then any remainder at 20%. These brackets depend on your filing status and are adjusted yearly for inflation, for 2016 they are: * single 37,650 to 413,350 * married-joint or widow(er) 75,300 to 413,350 * head-of-household 50,400 to 441,000 (special) * married-separate 37,650 to 206,675 which I'd guess covers at least the middle three quintiles of the earning/taxpaying population.  OTOH if your ordinary income ends below the 25% bracket, your LTCG/QD income that 'fits' in the lower bracket(s) is taxed at 0% (not at all) and only the portion that would be in the ordinary 25%-and-up brackets is taxed at 15%. IF your ordinary taxable income this year was below those brackets, or you expect next year it will be (possibly due to status/exemption/deduction changes as well as income change), then if all else is equal you are better off realizing the stock gain in the year(s) where some (or more) of it fits in the 0% bracket. If you're over about $400k a similar calculation applies, but you can afford more reliable advice than potential dogs on the Internet. (update) Near dupe found: see also How are long-term capital gains taxed if the gain pushes income into a new tax bracket?  Also, a warning on estimated payments: in general you are required to pay most of your income tax liability during the year (not wait until April 15); if you underpay by more than 10% or $1000 (whichever is larger) you usually owe a penalty, computed on Form 2210 whose name(?) is frequently and roundly cursed. For most people, whose income is (mostly) from a job, this is handled by payroll withholding which normally comes out close enough to your liability. If you have other income, like investments (as here) or self-employment or pension/retirement/disability/etc, you are supposed to either make estimated payments each 'quarter' (the IRS' quarters are shifted slightly from everyone else's), or increase your withholding, or a combination. For a large income 'lump' in December that wasn't planned in advance, it won't be practical to adjust withholding. However, if this is the only year increased, there is a safe harbor: if your withholding this year (2016) is enough to pay last year's tax (2015) -- which for most people it is, unless you got a pay cut this year, or a (filed) status change like marrying or having a child -- you get until next April 15 (or next business day -- in 2017 it is actually April 18) to pay the additional amount of this year's tax (2016) without underpayment penalty. However, if you split the gain so that both 2016 and 2017 have income and (thus) taxes higher than normal for you, you will need to make estimated payment(s) and/or increase withholding for 2017. PS: congratulations on your gain -- and on the patience to hold anything for 10 years!


"My revised, bottom-line advice: offer to send a 2nd payment (preferably in the form of money order or cashier's check) for the difference you are agreeing to pay. I cannot imagine any reason why they would object to this - there is no fee to cash a check, there's less risk of error, and less work involved. Alternatively, offer to send a new check only once the other has been returned. Don't issue one more full-amount check while the other is still outstanding. There is a good reason not to accept partial payment by them, which is that accepting a partial payment of a debt comes with a varieties of strings attached depending on the nature of the debt (such as with evictions, court processes may need to be restarted, etc). They likely want to avoid such a situation - but this does not provide any support for why they can't just take a second payment and then cash it all at once as a single, full settlement of the debt. In a perfect world, you could skip all the non-sense by simply having your bank put a stop-payment on the old check before sending a new one. Unfortunately, this might not work with 100% accuracy - but in your case if the ""partial payment"" is a significant amount of money to you, I'd go ahead and spend the $20-40 to put in the order now as an extra safety on them not doing what they claim, if for some incredibly stupid reason you can't handle this with a 2nd payment instead of one single full one. It turns out banks have lots of surprising and stupid rules, like stop payments on a check expiring in 6 months (and they may even cash stale checks over a year old), no guarantee of a stop being successful, etc. The real rule is: they might cash the check unless you close the account. Sigh - this is one of many reasons I never, ever use checks. I am not aware of any law that requires a check to be physically returned if requested, or proof or destruction provided, or anything like that. It's a large part of the reason why we have the ability to stop payment on a check, and so void it through the bank without having any physical access to the check - but this process is spotty and imperfect, and cannot be relied upon. You can request them to do whatever you like, like void it and send it back, or destroy it, and they can just refuse - or say they'll do it and then just not do it, and you have no real useful recourse. The main goal should be to avoid losing money if someone ""accidentally"" (or intentionally) cashes both checks. So you can ask, or demand (refuse to pay until they return the check), etc - and they can respond more or less any way they want. As a final piece of future advice, consider no longer using checks for purposes like this. Switch to using something like a cashier's check or money order offered by your bank, which (by their very nature) takes the money out of your account immediately, severs all ongoing connection to your bank account, and is effectively like cash with the added benefit of a paper trail. Keep the stub and and receipt from the cashier's check/money order, in case it is lost or they claim they didn't get the money."


You're asking all the right questions, and if I worked for my landlord's company I might have an answer! I imagine they're capitalizing on people's laziness. I live in the Bay Area where some people probably don't mind paying $35 to not have to walk 100 feet to the office and drop off a check.


you are discounting the cash used, the discount rate for cash should be whatever you determine is your risk premium over the risk free rate not the equity growth rate. if equity growth rate is above your determined required return the equity investment is wealth destroying and if it is above that then it is wealth increasing.   The difficulty I see is that the scenario is all wrong, what you are really after is a rent vs buy decision. Do I take this money and rent a place or do I buy a house? In either case you could invest the remainder after paying your rent/mortgage in the equity market no?  So what really matters is the difference in cost between renting and buying.   Let  (EGR)=equity growth rate  Rent = rent M = Mortgage payment  I = income  HA =  home value appreciation  Now the question is is renting or buying a better decision two scenarios, renting first  PMT =(I - rent)  I/y = (EGR)  N =Time horizon in years  FV= Gain from cf left after paying rent    then discount to present day at your required rate of return to find present value  now scenario for buying, this is more complicated because you are investing two different cf streams at different rates and have to calculate both and add them together.  1) CF 1 the mortgage payments buy you equity in the house which appreciates (hopefully) but can be extremely volatile. This is the cf stream scenario one doesnt have, when renting the rent payments poof disappear forever and you earn nothing on them 2) The income left after mortgage payment which can be invested at the market rate measured the same way as above. **This is extremely simplistic and doesnt take into account expected maintenance, property taxes and other costs intrinsic to the investment. It also doesnt take into account the lost down payment setting you well behind the renter.   TL DR: It is complicated but you determine the required return(discount rate) based on the perceived risk of the investment and your particular views  and it doesnt matter what expected growth rates are since any investment with an expected growth rate below your required rate is wealth destroying since you are paying for something which returns cash flows too small for its risk level. If you use growth rates as discount rates then all your investments will net to zero


"Every one of those articles correctly point out that $3.7 trillion is **the size of a bond market**. Not one calls them a **""business worth $3.7 trillion.""**  The size of a market is not not the value of a business.  I guess even after all this you're still unable to grasp that.  His quote: ""The banks achieved this gigantic rip-off by secretly colluding to rig the public bids on municipal bonds, **a business worth $3.7 trillion**"".   Are you really too dumb to understand the difference between ""a business worth $3.7 trillion"" and the value of an entire market? The derivatives market is ""worth"" on the order of hundreds of trillions. Which businesses exactly are worth that much?  This is the type of ignorance that Taibbi articles relies upon to make them work. I'm done here since you see two numbers that are the same and conclude they mean the same thing."


It's almost as though there are violent people and some of them happen to be liberal, whereas conservatives start thinking about armed insurrection as soon as a president they disagree with for reasons they themselves don't even understand (considering they magically support his policies as soon as he leaves office) takes power.


For Govt Employees receiving Leave Encashment as part of retirement or separation; there is no tax applicable for the leave encashment. Refer Income Tax


"This is the best tl;dr I could make, [original](https://www.vox.com/policy-and-politics/2017/8/18/16162234/regional-inequality-cause) reduced by 89%. (I'm a bot) ***** > In the contemporary United States, zoning restrictions that prevent adequate levels of house building mean that much of the higher incomes earned in rich states simply pass through in the form of higher housing costs.  > Two big shifts in migration and economics This set of four charts in Ganong and Shoag&#039;s paper tells the fundamental story - in the old days, there was a strong tendency for poor states&#039; per capita incomes to grow faster than those of rich ones and an equally strong tendency for people to move away from poor states to go live in rich ones.  > The housing fix for regional inequality entails more rather than less concentration of economic activity in rich coastal metro areas.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6ujy5s/the_real_driver_of_regional_inequality_in_america/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~194007 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **state**^#1 **rich**^#2 **income**^#3 **move**^#4 **housing**^#5"


">So perhaps what people mean when they say ""bankrupt"" is that, if the government were any other group of citizens, it would be bankrupt.  Unlike treasury securities, no one is owed any debt from social security. All you have is empty promises from politicians."


Hi LY!  I have not been to SE Asia yet, so I do not know how important or possible this is, but being able to charge devices is usually pretty important when traveling.  Is it possible to run a 5v or 12v charger from your bike's electrical system?  Others please chime in on...


Have a look at the reviews of the New York Times on the kindle:  http://www.amazon.com/The-New-York-Times/dp/B000GFK7L6  In summary:  Many of the stories are missing, it costs $27.99 per month, maximum of one photo per story - all charts and graphs are omitted.  All in all, I wouldn't buy it.  (For reference, I subscribe to the weekly Science journal for $50 per year.)


"Having worked as a vendor at different Walmart I will say the Whole Foods deal is horrible business, on top of that why is everyone acting. Like amazon makes money on retail? They are yet to make money on it and the only thing that made amazon profitable was AWS and only a few years ago.  Walmart actually makes money, and if they have a better chance to survive and beat amazon than people give them credit for. Amazon on the other hand never been in the physical store gig, it's a whole different ball game out there, they can't even compete on price. From a proven track record business perspective I say amazon is building their business strategy on hope prayer and a string if they think they can turn Whole Foods around from the business model disaster they operate on.  And Walmart has slowly began realizing that to survive they need to become Kroger in their grocery business."", and they been pushing that a lot out there it's working for them.  There's also the issue of market fragmentation, walmart doesn't operate in the same market segment as target or Whole Foods, and they have failed to push their business into places they would be successful. Walmart main competitor isn't target or amazon, it's grocery stores and dollar general."


"No to both. The deposit refund is not taxable, but in states where security must earn interest, that small amount is subject to tax. I just returned a $750 deposit to a tenant, and after a year, it accrued $0.24.  A rebate of fees you pay such as ATM fees is just you getting back your own money. As is ""cash back"" on credit card purchases. Not taxable."


Ok, so you like posting on reddit.   but you won't actually do the work to make sure you're making sense or are correct.  Gotcha.   I'm someone who knows her in real life. As I've stated in this thread elsewhere, her and I have disagreed on things we've talked about professionally, we don't work togeather, but I respect her success, and my ONLY purpose here is to talk about how most of you are calling her out for sounding dumb, and accusing her of not knowing anything, when she actually DOES!  You may not agree with her perception of the world as it is. You may not like what she's suggesting.  And I have had disagreements with her on other topics,  but watching people look like complete assholes and accusing her of ignorance when she isn't, and its EASY to find that out... is what I can't stand.


I'm not the tech guy here (you'll get plenty of feedback, trust me). I just wanted to say it's an awesome entrepreneurial idea here, because this is such a difficult field to first begin reading about. It's admirable what you're making and I hope it takes off. Really clever branding as well!


At the most basic level, the employee is getting a share of ownership in the company and would get a percentage of the sales price. That said, as littleadv alluded to, different share classes have different priorities and get paid in different orders. In a bankruptcy, for example, some classes almost never get paid in practice because they are so far down the ladder of priority.  The first step you should take would be to try to clarify what you are getting with the company itself. Failing that, contact a financial professional or an attorney in your area who can read the terms and give you a better understanding of the contract before you sign.


For most goods there is no license required, unless you are trading in restricted goods. Remittance need to be routed via banks and they should comply with FMEA. Your Bank or a qualified CA can guide you.


Generally, interest-only mortgages are a bad idea, because a lot of people get them so that they can buy more house than they could otherwise afford (lower payment = affordable, in their minds).  If the house continues to go up in value, they probably get away with it, because when the balance becomes due, they can refinance.  However, the last few years has shown how risky that strategy can be, and this kind of things is what cost a lot of people their houses. In your case, if the house is something you could afford on a regular 15 or 30-year mortgage, and you really are as disciplined as you say you are, you might get away with it.  But you have to take into account the risk, and consider what happens if there is a job loss or similar difficulty in the future. Another thing to consider is the term of the mortgage.  How many years will you get this lower interest rate?  Interest rates are at historic lows right now, and pretty much everyone thinks they're going up soon.  You might be better off locking in a higher rate for 15 years.


Yes, this phenomenon is well documented.  A collapse of an economy's exchange rate is coincidented with a collapse in its equities market.    The recent calamities in Turkey, etc during 2014 had similar results. Inflation is highly correlated to valuations, and a collapse of an exchange rate is highly inflationary, so a collapse of an exchange rate is highly correlated to a collapse in valuations.


The safest way is to not sign contracts with terms that are onerous to you.


I don't think it's a coincidence that many of the people who voted for, and continue to support Trump also believe in the prophesies of Nostradamus.  Anything Trump says is so vaguely worded it could mean almost anything.  For instance, his whole $12 a month thing could be construed, with enough tweaking, to mean Medicare, as that's about what someone working part time in a minimum wage job would be paying for medicare.  So, you see? It makes perfect sense.


>This goes on until they simply drop dead. Substitute debt for alcohol and you have our situation exactly.  *Exactly.* It is well known that the US entered an unprecedented depression after its unprecedented borrowing during World War 2. It is all very simple and easily predicted.


While you can borrow money from a 401(k) for your home down payment, there are disadvantages, including but not limited to: The 401(k) is designed as a way to save for retirement. Smaller contributions and balances (due to the loan) in your account will add up and significantly reduce your balance over time. If you lose your job you will have to pay back the loan quickly, within 60 days. Interest on the 401(k) loan is also not tax-deductible, even if you're using it to pay for a home. My advice: max out any employer contributions to your 401(k) because it's free money. After that, extra savings for a house should be in a separate account.


I have been through default in Ukraine august 1998. That was a real nightmare. The financial system stopped working properly for 1 month, about 30% of businesses went bankrupt because of chain effect, significant inflation and devaluation of currency. So, it is better to be prepared, because this type of processes result in unpredictable situation.


In computing, you'd generally return naa%, for 'not a number'. Could you not put '-%' to show there is no value at this point? Surely the people seeing this aren't idiots and understand the charge on 0 is 0?


Start ups are a con if you're the employee that does all the work and finds that the company has no ground to stand on.  In that case, you're closer to an idiot for taking the job in the first place than anything else.  This isn't a stab at start ups being a horrible investment:  This is a stab at the people that take up a job that ends up making them the backbone of all of it and they just keep on trucking to make it happen without consideration to their value.


That's kind of my point, though. The Segway was marketed as a revolution to the entire world of transportation, something that would change life as we know it. But all it did was provide a useful gadget to a few small niches. The reality is nice, but it didn't come close to the hype.


Owing taxes to two or more levels of government isn't double taxation. It's a feature of the American union. I'm not for this bill in general, mostly for the timing and the loss of the highest bracket, but both the state and federal governments have to generate revenue, and basing rates on pure incomes with a few loopholes as possible is the most progressive way to do it. By owing taxes unadjusted for other taxes paid, there's more incentive for states to lower local taxes and to balance state programs with federal programs, and for state reps to more fairly redistribute federal transfers instead of targeting states with (usually artificially) low local taxes and fewer state programs (usually Republican).


"Is it possible if (After getting EIN) I change my LLC type   (disregarded entity or C type or S type or corporation or change in   number of members) for tax saving ? You marked your question as ""real-estate"", so I'm guessing you're holding rental properties in your LLC. That means that you will not be able to qualify for S-Corp, only C-Corp treatment. That in turn means that you'll be subject to double taxation and corporate tax rate. I fail to see what tax savings you're expecting in this situation. But yes, you can do it, if you so wish. I suggest you talk to a licensed tax adviser (EA/CPA licensed in your State) before you make any changes, because it will be nearly impossible to reverse the check-the-box election once made (for at least 5 years)."


I place 90% of the blame on Carly, and then the board: that bitch was primed by her contract to gut and fillet the company.  When a board links a CEOs remuneration to annual profit, it makes unscrupulous individuals do things which have clear and obvious negative long term impacts, but which will hike the annual profit for THIS year and another YEAR or so, but then turn badly negative.  Because Carly is a little bitch, and wanted to extract as much money as was humanly possible from her position at HP, she embarked on the most disastrous set of actions possible.  The direct result is what we see now.  CEO compensation should NEVER be linked to profitability for an individual year, but to their performance throughout their tenure, and then beyond.  It's my belief a CEO should take a base salary of no more than 50 times the MEAN worker's salary is. NOT the average. Because that simply encourages the board to enrich the management team, rather than the workers.  If the company is profitable for a single year, CEOs should receive a large bonus - say no more than 20 times the MEAN salary at the company.  AND 3 years AFTER the CEO leaves, he'd be entitled to another round of payments base on long term performance of the company. This means CEOs have a duty and a very large responsibility to ensure that their replacement is actually a better CEO than they are!  When board members leave, there's no incentive to them personally, to ensure their replacement is even capable, let alone excellent.  The other issue I have with CEOs is their stock options, or stock grants. I believe all companies should have strict rules about stock ownership by the board. They must own a certain number of shares, and those shares must be purchased before they join the board, and demonstrably NOT by any mechanism which the company pays for.  Directors and officers with no personal investment interest in the performance of the company are a concern.


“... Have you seen fucking L.A” and  “... Arkansas”. Sure, that’s how it is. I guess the analysis from OP’s link is a future where the world keeps developing. Taking the bus in Sicily when I first went there 25 years ago, was virtually impossible. It came when the driver felt like it, and it went to to/from a very limited amount of locations. Today it’s not a problem at all from early morning to early evening. I guess that in a few years, it will change even more. For the better.


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Quite interesting.  I'd like to see an interview of someone who pays $10k a month for a Zynga game.  They haven't really described the demographic of the customer who is like that.    This reminds me a lot of the Starbucks phenomenon, more so than casinos.  People are willing to spend $4 per latte, spending maybe $50 a month, on an impulsive, addictive purchase.


"I'm going to give a simpler answer than some of the others, although somewhat more limited: the complicated loan parameters you describe benefit the lender.  I'll focus on this part of your question: You should be able to pay back whenever; what's the point of an arbitrary timeline? Here ""you"" refers to the borrower.  Sure, yes, it would be great for the borrower to be able to do whatever they want whenever they want, increasing or decreasing the loan balance by paying or not paying arbitrary amounts at their whim.  But it doesn't benefit the lender to let the borrower do this.  Adding various kinds of restrictions and extra conditions to the loan reduces the lender's uncertainty about when they'll be receiving money, and also gives them a greater range of legal recourse to get it sooner (since they can pursue the borrower right away if they violate any of the conditions, rather than having the wait until they die without having paid their debt). Then you say: And if you want, you can set a legal deadline. But the mere deadline in the contract doesn't affect how much interest is paid—the interest is only affected by how much money is borrowed and how long has passed. I think in many cases that is in fact how it works, or at least it is more how it works than you seem to think.  For instance, you can take out a 30-year loan but pay it off in less than 30 years, and the amount you pay will be less if you pay it off sooner.  However, in some cases the lender will charge you a penalty for doing so.  The reason is the same as above: if you pay off the loan sooner, you are paying less interest, which is worse for the lender.  Again, it would be nice for the borrower if they could just pay it off sooner with no penalty, but the lender has no reason to let them do so. I think there are in fact other explanations for these more complicated loan terms that do benefit the borrower.  For instance, an amortization schedule with clearly defined monthly payments and proportions going to interest and principal also reduces the borrower's uncertainty, and makes them less likely to do risky things like skip lots of payments intending to make it up later.  It gives them a clear number to budget from.  But even aside from all that, I think the clearest answer to your question is what I said above: in general, it benefits the lender to attach conditions and parameters to loans in order to have many opportunities to penalize the borrower for making it hard for the lender to predict their cash flow."


It's a good point and I think you answered the question yourself, most IPOs don't have the option.  There is a real risk of an undersubscribed IPO, which can be a real problem for a company since they can't easily go back to the market for money.    Facebook might have a tough time issuing an IPO under the current market conditions, especially following Zynga's weak showing.  They might feel safer with a traditional IPO.


Wow you guys sling dirt wherever you can.  This is exactly the kind of garbage that pushed me to vote for Trump after nearly 20 years of party line voting for Democrats.  The people pushing the leftist agenda are the most vile reprehensible creatures Ive ever come across and if they want Democrats in power I certainly dont.


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You're trying to change the subject. I guarantee to you, the amount of interference in your life, and death, would be FAR less intrusive with single payer, which is at least in responsible nations - accountable to the public. What we have now is forced privatization. Which means a total lack of accountability, why? Because the insurance industry and drug industry claim they need it in order to be profitabe WHICH IS BULLSHIT.  Nobody is calling them out on this,  so, what we're getting is Obama's Chicago school **[neoliberal right wing ideology](http://www.corpwatch.org/article.php?id=376)** being forced on this country - AND [other countries](http://ttip2014.eu) - [because of trade policy](http://citizen.typepad.com/eyesontrade/2013/11/38-million-retirees-say-no-to-a-trade-deal-that-would-make-medicine-more-expensive.html), even when they know it can't work!  Its a race to the bottom that is only going to get worse. IT [wastes quite conservatively AT least a third](http://www.pnhp.org/resources/pnhp-research-the-case-for-a-national-health-program), much more probably more than half of every health care dollar. Thats the facts.   It worthless arguing with you, though, because you're not listening.


"Agreed on all points.  You're still not saving a TON of money, given that you have to have a reasonable balance of salary/distributions, but an S-corp is the way to go if you're making substantial profit in order to save tax money.  I'll reiterate (my wife is a CPA and she guides me on my business) - you can't legally save ""untaxed earnings"" for next year."


>ever heard of unions? They love seniority.  One of the main reasons why labor intensive manufacturing has left the midwest and new england. Unionized industries like airlines and auto manufacturing have seen most major firms go bankrupt in the last decade.  >Over time, this is how asian countries will take over with their education and work ethic being at the top of their values.  This could happen but I think Asian aversion to innovation will prevent them from racing past the US. Becoming a developed country shouldn't really be that hard. There is an easy playbook followed by Japan, South Korea etc. Leading the global economy in a rich country is a much more difficult task.  >and as for those who went to college, did poorly, picked bad majors, and are wondering why the fact they went to college isnt landing them a plush job, welcome to how it has always been. Just doing the minimum of going to college hasnt been enough for a very long time and people were naive to think that there was ever a golden path or ticket to success.  This is Obama's base: entitled whiners who need the government to give them goodies because they have no marketable skills.


This will be a complex issue and you will need to sit down with a professional to work through the issues: When the house was put up for rent the initial year tax forms should have required that the value of the house/property be calculated. This number was then used for depreciation of the house. This was made more complex based on any capital improvements. If the house wasn't the first he owned, then capital gains might have been rolled over from previous houses which adds a layer of complexity.  Any capital improvements while the house was a rental will also have to be resolved because those were also depreciated since they were placed in service. The deprecation will be recaptured and will be a part of the calculation. You have nowhere near enough info to make a calculation at this time.


If the APR is an effective rate. If the APR is a nominal rate compounded monthly, first convert it to an effective rate.


"This scheme doesn't work, because the combination of corporation tax, even the lower CCPC tax, plus the personal income tax doesn't give you a tax advantage, not on any realistic income I've ever worked it out on anyway.  Prior to the 2014 tax year on lower incomes you could scrape a bit of an advantage but the 2013 budget changed the calculation for the tax credit on non-eligible dividends so there shouldn't be an advantage anymore. Moreover if you were to do it this way, by paying corporation tax instead of CPP you aren't eligible for CPP. If you sit with a calculator for long enough you may figure out a way of saving $200 or something small but it's a lot of paperwork for little if any benefit and you wouldn't get CPP. I understand the money multiplier effect described above, but the tax system is designed in a way that it makes more sense to take it as salary and put it in a tax deferred saving account, i.e. an RRSP - so there's no limit on the multiplier effect. Like I said, sit with a calculator - if you're earning a really large amount and are still under the small business limit it may make more sense to use a CCPC, but that is the case regardless of using it as a tax shelter because if you're earning a lot you're probably running a business of some size. The main benefit I think is that if you use a CCPC you can carry forward your losses, but you have to be aware of the definition of an ""allowable business investment loss""."


If you are not open to changing the amount of money you are willing to spend, your options are limited. Why change your amounts and proportions? Your situation changed. You got married, divorced, purchased a new car, the company added free disability coverage. If the amount spent per year can't change, then you are asking how to review if your proportions are correct. The first thing is to look at what must you spend it on. If you have a mortgage or car loan, the bank will tell you the minimum amount. If you own a car the state will tell you the minimum amount for auto coverage. If there is any money left look at life, and disability. These can wreck the life of your dependents.  When you have meet those needs, then increase auto and home to cover additional liability.


Tthe easiest place to see Fed announcements as soon as they're published is the Federal Reserve itself. If you want the information as soon as it's made publicly available, scrape the Federal Reserve press releases. I assume you're most interested in the announcements after the FOMC meetings, so you might want to scrape the FOMC calendar. The statements come out right after the meeting, and the minutes are released three weeks later.  If you want to catch instances where the minutes are leaked, that's a bit trickier.  For a lot of other market data, services providers like Bloomberg, Reuters, etc. are usually the best bet for realtime information, since these companies earn their revenue and keep their customers by providing the data as fast as humanly possible. They may offer an analysis or a distilled version of the FOMC minutes for traders to use within minutes of the announcement itself (I'm not sure if they do or not), but the announcements themselves will come from the Federal Reserve itself first and foremost.


Shareholders get to vote for the board, the board appoints the CEO. This makes the CEO care, which in turn makes everybody else working in the company care. Also, if the company wants to borrow money a good share price, as sign of a healthy company, gives them more favorable conditions from lenders. And some more points others already made.


"You have run up against the ""build a better mousetrap"" problem.  It's impossible to build a better mousetrap than the sprung neck breaker we all know. You might THINK your design is better. *but it isn't*. The market has decided that you can't beat the normal mouse trap. Yes, others are available, and maybe some are cheaper, and maybe some are better, *but the vast majority of sales will always be for the traditional item*.  In marketing terms you are insane if you want to get into the mousetrap business, with a new design of mousetrap."


I have a similar plan and a similar number of accounts.   I think seeking a target asset allocation mix across all investment accounts is an excellent idea. I use excel to track where I am and then use it to adjust to get closer (but not exactly) to my target percentages. Until you have some larger balances, it may be prudent to use less categories or realize that you can't come exactly to your percentages, but can get close.   I also simplify by primarily investing in various index funds.  That means that in my portfolio, each category has 1 or 2 funds, not 10 or 20.


I know that for me personally, if I buy that giant box of Goldfish instead of the bags, it doesn't mean I'm saving money... just eating a lot more Goldfish.  The trick, I think, to buying in bulk is to make sure that you're not consuming in bulk.  You're not likely to go through more dishwasher detergent just because you bought the big bottle, but you may find the kids are eating a lot more fruit snacks, or you're throwing away half of that huge bag of baby carrots that went bad, because you bought in bulk.


"I'm finishing up a finance & accounting internship at the corporate office of a transportation company (it's a subsidiary of a gigantic UK parent). I've enjoyed it for the most part and my 2 ""bosses"" are extremely nice (corporate accounting manager and her 2nd). I'm going into my junior year at BC Carroll (finance major) and want to end up in corporate finance, IB, or wealth management ideally. What should be my next course of action for the upcoming recruitment season this fall before/after I finish this internship? Thanks for any advice, this sub is very insightful."


Let me guess.... starte rejected the Medicaid expansion? Didn't join the exchange? I was in the same position, difference is I was able to cut my deductible and premium in half without hurting my coverage because in the exchange all of the policies were presented and compared apples to apples while before they were hidden or difficult to compare with larger financial benefits for brokers to push the customer to policies that we're bad for them but very good for the broker....


I think that anybody that thinks the US dollar will ALWAYS be the reserve currency need a reality check. Nothing in this world is permanent and things change all the time. Our monetary system is wonderful if only we could fix our political system we may see real improvements.


No. Similar to how the hospitals now get you a social security number for your newborn, so you can leave with a little crying tax deduction, the IRS has cracked down on FSA reimbursements. They expect to be able to follow the money from your tax deduction to a nanny/sitter's income.  Your last line is the choice you face, and User58220's warning shouldn't be ignored.  She will need to declare the income. The tax due depends on many factors. Not reporting it can result in penalties and prosecution. The last I dealt with this, the employer required the SSN of the provider. No exceptions. You are now asking about the risk of getting caught, after already sharing that you're operating outside of the law. Sorry, I can't answer this one.


"It's not misleading at all, it says gasoline.  If you read that as ""oil"", who's fault is that?  Besides, this is entirely legitimate manufacturing, same as China importing parts and assembling them is.  People should be more mindful of the immense number of steps there are in creating modern capitalist goods, and the fact that those steps will have geographical factors."


Alright guys, let's get some real business discussion going on (well, at least let's try).  This is surprising. Citi has not been doing well but I didn't think there was any pressure on Vikram to resign either. The timing is very weird too - right after a successful Q3 and with no planned transition plan announced in the Q3 earnings.  As for Pandit's legacy, it's definitely an unsuccessful one. First, the whole thing started on the wrong foot with Citi buying his hedge fund just to make him the CEO -- and subsequently closing the fund and writing off $200 million. The bank's shares are trading at roughly half book value which shows how much the street didn't trust Citi (and him).


I'm not sure how this gets entered in TurboTax, but this income from the company should be included in the Schedule C (or C-EZ) Line 1 Gross Receipts total, along with all of your 1099-MISC income from your business and any other income that your business took in. You don't need a 1099 from them, and the IRS doesn't care (at least from your perspective) if you got a 1099 or not; in fact, they probably expect you to have some non-1099 income.  We don't know why the company chose not to issue 1099 forms, but luckily it isn't your concern. You can fill out your tax return properly without it.  Note: This answer assumes that you didn't have any tax withheld from your checks from this company. If you did have tax withheld, you'll need to insist on a 1099 to show that.


"Fama-French would be a couple of names if you want to look at this from a value/growth dichotomy.  A simplified form of this was to take the stocks with a lower Price/Book Value that would be the value stocks while the others would be the growth.  The principle is that some of the beaten-down stocks will appreciate more than the growth stocks will.  6 Ways To Improve Your Portfolio Returns Today also makes note of the ""growth vs value"" split if you want another reference that way.  Historically, growth has been more volatile and produced lower returns, though past performance isn't necessarily always going to hold as some people like to invest in what is known as a ""slice & dice"" portfolio where a portion in invested in each of 4 corners: Large-growth, large-value, small-growth, and small-value.  Some may add in bonds, REITs, and foreign stocks but the idea is that in different years, different parts of the market will do better and this is a way to capture that in a sense."


The government won't, as I understand it, it keeps the debt from spiraling out of control. It also promotes spending which keeps our economy from recession (which is a natural occurrence and is needed to shed dead weight). This boosted economy can only last so long, it will eventually keel over dead, again as I understand it - when is a matter for speculation.


Eventually everyone will tip. And then lyft and uber will just cut the share drivers get.   Look at the minimum wage laws for waiters. I hate tipping. I'd rather a fair wage be factored in. When Lyft and uber set prices, whether we tip or not doesn't matter in the long run


You can't currently avoid it. The reason the legislation was introduced was to prevent the big-name developers from setting up shop in a low-VAT country and selling apps to citizens of EU countries that would normally be paying a much higher VAT.  You need to register for VAT and file quarterly nil-returns so that you get that money back. It's a hassle, but probably worth it just to recoup those funds.  From an article in Kotaku from late 2014: You see, in the UK we have a rather sensible exemption on VAT for   businesses that earn under £81,000 a year. This allows people to run   small businesses - like making and selling games in your spare time,   for instance - without the administrative nightmare of registering as   a business and paying VAT on sales. Unfortunately, none of the other   EU member states had an exemption like this, so when the new   legislation was being put together, there was no exemption factored   in. That means that if someone makes even £1 from selling something   digital to another person in another EU country, they now have to be   VAT registered in the UK AND they have to pay tax on that sale at   whatever rate the buyer’s country of residence has set. That could be   25% in Sweden, 21% in the Netherlands, and so on. [...] There’s one piece of good news: even though anyone who sells digital   stuff now has to be VAT-registered in the UK, they don’t actually have   to pay VAT on sales to people in the UK if they earn less than £81,000   from it. (This concession was achieved earlier this month after   extensive lobbying.) But they’ll still have to submit what’s called a   “nil-return”, which is essentially a tax return with nothing on it,   every quarter in order to use the VAT MOSS service. That’s a lot of   paperwork. Obviously Brexit may have a significant impact on all this, so the rules might change.  This is the official Google Link to how they've implemented this and for which countries it affects: https://support.google.com/googleplay/android-developer/answer/138000?hl=en  Due to VAT laws in the European Union (EU), Google is responsible for   determining, charging, and remitting VAT for all Google Play Store   digital content purchases by EU customers. Google will send VAT for EU   customers' digital content purchases to the appropriate authority. You don't need to calculate and send VAT separately for EU customers.   Even if you're not located in the EU, this change in VAT laws will   still apply.


This seems like such an obvious thing to short, imo. If there's an economic bubble that pops 2008 style or 2001 style, I bet facebook will be injured and that will directly affect zynga. Facebook is already waning in popularity.


"You are correct that, barring an equity capital raise, your money doesn't actually end up in the company. However, interest in their stock can help a company in other ways; Management/board members hopefully own shares or options themselves, thus knowing that ""green"" policies are favorable for the stock price (as your fund might buy shares) can be quite an incentive for them to go green(er).  Companies with above average company share performance are also often viewed as financially healthy and so creditors tend to charge lower interest for companies with good share performance.  Lastly, a high share price makes a company difficult to take over (as all those shares have to be acquired) and at the same time makes it easier for the company to perform takeovers themselves as they can finance such acquisitions by issuing more of their own shares. There is also the implication that money flowing towards such green companies is money flowing out of/away from polluting companies, for these ""dirty"" companies the inverse of the previous points can hold true. Of course on the other hand there is quite an argument to be made that large enough ""green"" funds should actually buy substantial positions in companies with poor environmental records and steer the company towards greener policies but that might be a hard sell to investors."


A mutual fund has several classes of shares that are charged different fees. Some shares are sold through brokers and carry a sales charge (called load) that compensates the broker in lieu of a fee that the broker would charge the client for the service.  Vanguard does not have sales charge on its funds and you don't need to go through a broker to buy its shares; you can buy directly from them.  Admiral shares of Vanguard funds are charged lower annual expenses than regular shares (yes, all mutual funds charge expenses for fund adninistration that reduce the return that you get, and Vanguard has some of the lowest expense ratios) but Admiral shares are available only for large investments, typically $50K or so.  If you have invested in a Vanguard mutual fund, your shares can be set to automatically convert to Admiral shares when the investment reaches the right level. A mutual fund manager can buy and sell stocks to achieve the objectives of the fund, so what stockes you are invested in as a share holder in a mutual fund will typically be unknown to you on a day-to-day basis.  On the other hand, Exchange-traded funds (ETFs) are fixed baskets of stocks, and you can buy shares in the ETF.  These shares are bought and sold through a broker (so you pay a transaction fee each time) but expenses are lower since there is no manager to buy and sell stocks: the basket is fixed. Many ETFs follow specific market indexes (e.g. S&P 500).  Another difference between ETFs and mutual funds is that you can buy and sell ETFs at any time of the day just as if you could if you held stocks. With mutual funds, any buy and sell requests  made during the day are processed at the end of the day and the value of the shares that you buy or sell is determined by the closing price of the stocks held by the mutual fund.  With ETFs, you are getting the intra-day price at the time the buy or sell order is executed by your broker.


I would base my decision off of regulatory climate and look primarily into eastern Europe to tackle the higher growth climate; let's say Estonia or Lithuania. Estonia ranks better in surveys tracking hours senior managers spend dealing with regulatory issues. Lithuania seems to have the edge in terms of just getting the business started, land purchased and enforcing contracts and cross border trade.   They probably have better demographics in terms of workforce.   Links: http://www.doingbusiness.org/rankings http://www.nationsencyclopedia.com/WorldStats/ESI-senior-management-time-regulation.html


Well then that kind of makes drug tests seem stupid then, right? I grew up in an area where oil money was big,  heard handful of stories of people failing drug tests and being fired. Heard a few other rare stories of people working 20+ years in the oil industry who knew how to pass and smoked weed daily. But you seem pretty convinced this has worked well for you. So I guess its fair to ask then, do you believe this is the best we can do? What are your thoughts about medical conditions, should opiates be treated the same as weed? Do you know that theres different types of weed? I encourage you to keep learning, and you can start to understand why so many people might be defending this topic. The war on drugs is over, the facts are out and proven its an extreme waste and set back to humanity. Step back for a second, look more at the bigger picture, is this really the best we can do?


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"The issue with college is the current ""business model"" which is to get as many asses in seats as possible. Colleges were initially designed to teach a select few, and not intended for mass attendance.   The day colleges went from being institutions geared towards attracting like-minded people interested in intellectual pursuits into education factories crumbling under the weight of administrative bloat is when the classical concept of a college education died. We don't educate people anymore, we process them to fit a particular mold in the labor pool.  That being said, if you are someone who is genuinely interested in educating yourself, college is still the way to go. Just be aware of what you're getting yourself into, and understand that a degree is not a ticket to employment."


Give it to your mailman to return to sender. For this kind of material, return service is always requested, and it will let the bank know that they have incorrect address information. If the owner needs the cards, he'll contact the bank, or the bank will contact him to verify the address. Either way, as long as its not in your name, I don't think you should be worried.


Landed an internship in undergrad through a combination of networking and just sending out resumes to lots of places with decent IR departments. Then from there I had the experience that finding a job post-grad wasn't too hard.  It's a relatively small community and now that I've become basically specialized in telecom, media, and technology it's easy to know where to look. There are plenty of corporate PR firms too if that's more your angle.  I really recommend you join your local NIRI chapter. Best networking move you could make, and anyone interested in IR can join. It's a super rewarding career because I love finance but I still get a lot of interpersonal interaction and you're as close to the clients as possible, even at the most entry level.


"None of what I say is advice directed to you. It is how I would continue to analyse the situation you have, were it mine. First off, I prefer to work in certainties more than possibilities.  Saying that, paying down the mortgage makes sense as I can calculate the amount I will save. I also believe that rate rises are coming in the future, based on the talk from the BofE, so any money I pay off now means guaranteed less interest to pay in the future. Also, the lower my loan-to-value ratio, the better/lower interest rates I can receive in the mortgage market. If I do not want to work until retirement age, it'd be nice to have as few bills as possible in the decade or so prior to retirement age. I could then do early-retirement or part-time work in the run-up to retirement. I could use my savings to fund life until retirement pays out. I'd be aiming to put 15% of my gross income into ""future investing"" - using ISAs to build up a savings pot, taking advantage of retirement products. That way all the money is not tied to a normal retirement age before it can accessed. And it's not touchable by future greedy Government taxation... Any income leftover above the 15%, I'd be throwing at the mortgage - taking advantage of the 10% overpay window, remortgaging as LTV comes down. In theory, overpaid mortgage equity is money that could still be accessed (provided house prices don't decline and remortgaging is a possibility). So, in short, I'd follow a plan along these lines of logic. 1) Make sure I have 4-6 months of living expenses as a Rainy Day Fund. Insulate myself from fluctuations in my financial situation. 2) Put away 15% of annual gross income towards ""future saving"". ISAs first, pension second. 3) Overpay the mortgage and look to remortgage as LTV drops. When LTV nears 60%, look to lock in to a longer-term fix. eg. 2 year fixes at 90% LTV, 5 year fixes at 60%. 4) Reassess steps 2 & 3 as life happens, circumstances change, work fluctuates, etc. 5) Once the mortgage is paid off, build as much wealth as possible - ISAs first, then non-tax efficient savings products. Aim for keeping expenses down and raising my savings % rate as much as possible. [Your analysis was thorough and shows you are thinking through consequences. Never forget to factor in the risk of carrying debt. Having no/low debt as you get older means there's more income left to build wealth. Ignore the American view of carrying debt for life and trusting investments to outperform the debt. You have to pay monthly to keep that debt around - and it ain't a pet!]"


These models are specially designed with spring supported chest for ironing thicker and folded linen. Our economic range flatwork ironers offer you an excellent combination of efficiency, quality and convenience, making it the finest special designed flatwork ironer available in the world. The ability to fold and feed, as you need them, allow you to process from 60 to 70 single bed sheets per hour.


"You need to take an accounting course.  Badly...  A ponzi scheme is when you use the capital from new members/investors to pay out returns to existing/older members.  It violates the basic principles of the accounting equation by operation as investors are equity holders whom you are paying returns to using the assets procured from new investors (investors give you an asset in exchange for a share of equity).  Members of a ponzi scheme are investors, not creditors.    In a bank, depositors are NOT investors.  Depositors give you an asset (cash) in exchange for a liability (cash+interest).   > Does buying govt securities count as ""lending""?  Yes.  If you purchase a bond, you're lending money to the issuer."


Well -- It hits them where it hurts  140 to 113 in 3 days of trading --  Yep that hurts and hurts them exactly where it should.  Yes I am aware of the executive selling prior to the announcement.   But other CEO's are seeing this too and will not want it to happen to them.   So I respectfully disagree that they won't be held into account.  They already have been by the market.


"My wife and I have Gap, Kohl's and Amazon cards. They each give extra benefits when using them at their stores, and usually 1% cash back at other places, although we don't use the Gap or Kohl's anywhere else.  We don't carry a balance, so as mentioned, the rate doesn't matter. And they are so spread out when we've gotten them (Kohl's for a good 3 years, Amazon about 2 months ago) that I don't expect any issues for credit checks. In fact I just got approved for a mortgage loan, way more than what I know I can really afford.  In my mind, credit cards are a bad idea when you use them as ""real"" credit. If they are used more like a debit card (spending money that you have), its like a loan (you don't have to pay it off til later), and you get paid for it (whether in cash or merchandise)."


">I don't know, they focus solely on debt as if it's the reason for the recession.  Well, if you remember that personal debt is largely mortgages, and that the housing situation is what drove the bubble and collapse, it seems pretty reasonable.  There are factors that attenuated it.  Banks leveraging heavily off of investments that were ultimately backed by housing made the collapse worse.  And you could say that the longer-term story, the thing that really drove unemployment changes that won't change quickly, is long-term shifts in the economy.  China opening up to trade, automation reducing demand for people to perform simple tasks.  The bubble collapse just exposed some of those, drove companies that were ultimately in trouble across the line.  >At least they acknowledge that it would have to happen gradually, but they act like any and all debt is terrible.  Well, it's not great, and people have been saying ""we should deal with our debt problem"" and not doing anything about it for a long time, because it's easier to just borrow from the next generation...  >Plus, you know, it's Business Insider asking us to put aside politics, which is pretty funny.  Yes, the article was not apolitical.  Another point...one reason that we're spending more on health care is because we've figured out ever-more-expensive ways to make people live longer.  A person will almost always spend all the money required to extend their life.  Once their resources are exhausted, a medical company has to go looking for someone else to foot the bill if they want to keep selling product.  In this case, taxpayers are an option.  Ditto for people living longer after retirement, and having a longer-and-longer Social-Security-funded vacation; Social Security was designed in a world where most people didn't *have* all that much ""retirement"".  But remedying that has real implications, and it's worth being aware of those.  You can send people back to work.  They're increasingly fragile and maybe a bit senile.  You can simply refuse to subsidize medical care as much, which will result in people dying earlier."


If you're in the 25% tax bracket, then you probably shouldn't be doing a Roth conversion right now.  You'd prefer to do Roth conversions when you can do so at a 15% rate.  You could contribute some of your current annual contributions to Roth directly, but even that isn't a great idea except to diversify your holdings. Odds are you won't be paying 25% average tax rate on your retirement, unless you're doing very well in your retirement account.  Odds are you'll be somewhere around 15%.  Converting at a 15% rate therefore is fine; basically, you'll have something like this, based on some assumptions (I'm making up dollars, brackets, etc.; obviously these will change): Doing this, you pay 0-15% tax on up to 75k, then pay 0 tax after that on the Roth (which you paid 15% tax on already).  Therefore, you don't end up paying more than 15% on any single dollar, and you pay less on the total sum.  But you also don't really want to be paying 25% on any of it, since that won't really help you out any and could hurt you (will hurt you, if you end up getting some of that 15% bracket income from the Roth). If you're in the 25% bracket now, then you probably are better off just keeping everything in regular IRA (unless you're expecting to be in the 28% bracket after retirement?).  Putting some in Roth isn't a terrible idea, just for diversification's sake, but it's probably going to cost you money unless tax rates rise dramatically (which they certainly could, though not as likely to rise on the 'middle class' 0-100k range).  They'd have to double for you to be worse off this way. And finally: do not ever withdraw from the 401k to pay taxes on a conversion. You're subject to a 10% penalty for doing that (as it's an early withdrawal) and also have to pay taxes on that withdrawal.  Ick.   For more information about when Roth makes sense, read site moderator JoeTaxpayer's Blog article on the subject, which explains this in great detail.


An advantage of using a major credit card is that they act as a buffer and source of recourse between you and the merchant. Cheated and the store won’t answer you letters? Call Visa (or more accuratly, call the number on the back of the card). (That is, #2 on this answer, which you can also reference for a whole list of benefits.)


Although there are no transaction fees from PayPal, your bank should treat this as a cash advance rather than a payment and so will charge you fees.  The cash advance fee will be larger than 1%, so you'll definitely lose money.  Plus you'll start paying interest immediately (unlike for purchases).  PayPal warns that you'll get cash advance fees here.


I know this is the rule in general but what about things like De Beers diamond company artificially inflating the price of diamonds? From what I've read there are lots and lots of diamonds in storage but they control the flow. Couldn't this tactic work with other products/commodities using the right marketing campaigns?


"The complete opposite of ""sunk cost"" is the term ""unrealized gain""; until you sell it, then it is a ""realized gain"". There is also a term ""paper profit"" to point out the ephemeral nature of some of these unrealized gains."


Unless a study accounts for whether the users are following a budget or not, it is irrelevant to those who are trying to take their personal finances seriously. I can certainly believe that those who have no budget will spend more on a credit card than they will on a debit card or with cash. Under the right circumstances spending with cards can actually be a tool to track and reduce spending. If you can see on a monthly and yearly basis where all of your money was spent, you have the information to make decisions about the small expenses that add up as well as the obvious large expenses.  Debit cards and credit cards offer the same advantage of giving you an electronic record of all of your transactions, but debit cards do not come with the same fraud protection that credit cards have, so I (and many people like me) prefer to use credit cards for security reasons alone. Cash back and other rewards points bolster the case for credit cards over debit cards. It is very possible to track all of your spending with cash, but it is also more work. The frustration of accounting for bad transcriptions and rechecking every transaction multiple times is worth discussing too (as a reason that people get discouraged and give up on budgeting). My point is simply that credit cards and the electronic records that they generate can greatly simplify the process of tracking your spending. I doubt any study out there accounts for the people who are specifically using those benefits and what effect it has on their spending.


No problem and more than happy to help!   Both posting locations I've indicated for you to browse and apply any helpful info. And to answer your question in your post: I think the Federal Trade Commission would address any regulatory concerns as internet does not seem to fall under the FCC for communications, but likely the FTC regarding advertising.   I don't think you will have many obstacles, but in addition to the FTC link below, maybe check out privacy policies and legal links on other job sites for reference.   Also posting your question in r/legaladvice etc. may get you good free feedback from legal redditors. Hope this helps and best of luck!   https://www.ftc.gov/tips-advice/business-center/advertising-and-marketing


If you are in the United States,  Real Estate gains are taxed as capital gains 15% currently but will go up in 2011. You may be able to exclude $250,000 filing single (500k married filing jointly) if you have lived in the condo 2 out of the last 5 years. See IRS Publication 523 for more information. You are only taxed on the profit from the sale. If you paid $100,000 and you sell it for $125,000 you would owe capital gains tax on $25,000 if you don't meet the conditions in IRS Publication 523.


>Ah, the downvotes. When the headline is all that someone sees before reading the story, it's important to state explicitly the affected  parties. Consumers and businesses are not the only possible parties given a regulation concerning lawsuits.   Your attempted retort doesn't even make sense. Your title points at the affect on businesses, his points at consumers, then you go on to argue as if your title was more correct because there are other concerned parties, despite the fact that your title didn't  mention either consumers or these fabled other parties?   You earned the downvotes.


If you are trying to invest in closely held / private companies (things that don't trade on the stock market), you will run into a variety of regulatory problems. For various reasons, most private companies only raise funds with accredited investors. To be an accredited investor you basically have to have $1,000,000 in net worth - NOT including your primary residence, OR you have to make over $200,000 a year for the last two years and expect to keep making that much. This is a class distinction the Federal government created, you will see different but similar wealth and investment classes worldwide. So your best most organized opportunities are left out, unless you do qualify as an accredited investor. There are tons of other companies, things you will find locally, that will let you invest in their smaller time operations. (Think like a local yoga studio looking for $20,000 and willing to split the profits with you). But the problem here is lack of accountability, where partners skip town or just stop answering your calls, and the legal remedies cost you more than your claim. That being said there are people that provide capital to smaller publicly traded companies on the bulletin boards and pink sheets. They have opportunities do much better than the actual stock market investors in these companies, because you can negotiate contracts that let you cash out in their inevitable financing death spirals with very little risk to you. You can do these things as an individual or as a holding company, but the holding company will limit your liability to the amount your holding company invested, instead of your personal assets, in case your financing starts to incur liability with the company.


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It sounds like you do. You earn money in NC, so that's where it is going to be taxed first.


Hmm.. hey bro, not personal, but is what comes to mind: I guess my answer will be highly down voted... =P


At my farm our turkeys live their entire lives outdoors on pasture (except for the first three weeks when they need artificial heat to survive); they don't receive any medications or antibiotics; and we slaughter them ourselves without pumping their carcasses full of... whatever butterball pumps into their turkeys.  We charge $3.75 a pound, so our birds range from about $45 to $75.  What ends up being really expensive are heritage turkeys.  These are old-fashioned breeds that gain weight very slowly and have a huge feed-to-weight ratio.  They take much more feed and labor for the same amount of weight, and so are often upwards of $6.00 a pound.  We don't raise them because one of our goals is raising good food that normal folks can afford.  Also they can fly, which throws our whole raise-them-outdoors system into logistical chaos.  Naturally raised turkeys are there to be had, but you have to look for them.  Check out [Eat Wild](http://eatwild.com/) to find a pasture-based farm in your area that raises turkeys.  Good luck!


Sure.  So how do domestic interests get protected if the US pulls the nuclear option, aka trade war? These things do tend towards MAD if escalated, hence lose/lose. The only winning move is not to play.  In that respect, this is not only a dick move (US has at least as much to lose from global climate change as EU) it is a *stupid* dick move. Because it backfires, and ruins things for everybody. Including the US.


Yeah, except they underbid based off of information and plans that changed 3 weeks in (not their fault).  So now they have to foot the bill?  I've been in too many construction jobs where exactly this happens.  No plan survives the encounter with reality fully intact.


There is a fundemental misunderstanding:   the business and the owner are not the same entity.  You said:   I give the business $25,000 and take 50% of the business. No you can give the owner of the business 25K, and now he has 25K and 50% of a 50K business.   That 25K sits in Mr. Smith's bank account, not Acme Widget's account.   A more simple example is when you buy a car.  The money goes to the car dealership, it does not get put into the car's glove box. You may be thinking of an investor in a business.  He could pump $$ into the business as operating capital for a share of the business.  In that case, it would be a bit unfair to get 50% of the business for a 25K.  However, the owner may be interested in doing such a deal because value of the investor can add more than just $$ to the business.  Having a celebrity investor might do more good for the business than the actual dollars. Another situation is that the owner might be desperate.  Without a influx of cash the whole business might end. There are guidelines to business evaluation, but valuing them is not an easy thing.


Well first, this is a very small proportion of teslas that can do this, it was only one model that is discontinued and was a cheaper alternative to the 75. Any person who bought that car knows that they can upgrade to the 75 at any time by paying the difference. They did this so more people have access to a Tesla and just didn't design a whole new battery to reach some people. This is not bad at all, you get what you pay for and it's the same thing as just buying a smaller battery. If it was only 60 kWh you couldn't unlock it for emergencies, so it's an added bonus, not a bad thing.


"It might be best to step back and look at the core information first.  You're evaluating an LLC vs a Corporation (both corporate entities).  Both have one or more members, and both are seen similarly (emphasis on SIMILAR here, they're not all the same) to the IRS.  Specifically, LLC's can opt for a pass-through tax system, basically seen by the IRS the same way an S-Corp is. Put another way, you can be taxed as a corporate entity, or it's P/L statements can ""flow through"" to your personal taxes.  When you opt for a flow-through, the business files and you get a separate schedule to tie into your taxes.  You should also look at filing a business expense schedule (Schedule C) on your taxes to claim legitimate business expenses (good reference point here). While there are several differences (see this, and this, and this) between these entities, the best determination on which structure is best for you is usually if you have full time employ while you're running the business.  S corps limit shares, shareholders and some deductions, but taxes are only paid by the shareholders.  C corps have employees, no restrictions on types or number of stock, and no restrictions on the number of shareholders.  However, this means you would become an employee of your business (you have to draw monies from somewhere) and would be subject to paying taxes on your income, both as an individual, and as a business (employment taxes such as Social Security, Medicare, etc). From the broad view of the IRS, in most cases an LLC and a Corp are the same type of entity (tax wise).  In fact, most of the differences between LLCs and Corps occur in how Profits/losses are distributed between members (LLCs are arbitrary to a point, and Corps base this on shares). Back to your question IMHO, you should opt for an LLC.  This allows you to work out a partnership with your co-worker, and allows you to disburse funds in a more flexible manner.  From Wikipedia : A limited liability company with multiple members that elects to be taxed as partnership may specially allocate the members' distributive share of income, gain, loss, deduction, or credit via the company operating agreement on a basis other than the ownership percentage of each member so long as the rules contained in Treasury Regulation (26 CFR) 1.704-1 are met. S corporations may not specially allocate profits, losses and other tax items under US tax law. Hope this helps, please do let me know if you have further questions.  As always, this is not legal or tax advice, just what I've learned in setting several LLCs and Corporate structures up over the years. EDIT: As far as your formulas go, the tax rate will be based upon your personal income, for any pass through entity.  This means that the same monies earned from and LLC or an S-corp, with the same expenses and the same pass-through options will be taxed the same. More reading: LLC and the law (Google Group)"


Say one makes $60k/yr. The net gain is that half these funds are received about 2 weeks prior. To keep the math simple, let's assume a 12% return per year on the funds during this time. $30K * 12% is $3600. But 2 weeks is about 4% of a year, so $144. That's at a 12% return. In an offset mortgage the return will be closer to 4%, a $48/yr benefit.  With short term rates at or below 1%, we're really looking at a gain of $12 or so for the extra time with the funds.


"Tulips became a popular investment for Middle-Class Dutchmen  >  ""the population, even to its lowest dregs, embarked in the tulip trade"" - [source](https://en.wikipedia.org/wiki/Tulip_mania#Mackay.27s_Madness_of_Crowds)  Ask the average ""[Ow, my Balls!](https://www.youtube.com/watch?v=wAg1r6zw7Bg)"" viewer what Bitcoins are used for. You'll hear:     1. ""Hoarding""     2. Tax evasion     3. Paying for drugs, slaves or hit-men"


The issue I have with the Camry these days is pretty shallow but they strike me as fleet cars. Here in Toronto I'd say 90%+ of the Taxis are Camry's.  Maybe a good buy if your goal is blend in...


If you are tax-resident in the US, then you must report income from sources within and without the United States.  Your foreign income generally must be reported to the IRS.  You will generally be eligible for a credit for foreign income taxes paid, via Form 1116. The question of the stock transfer is more complicated, but revolves around the beneficial owner.  If the stocks are yours but held by your brother, it is possible that you are the beneficial owner and you will have to report any income. There is no tax for bringing the money into the US.  As a US tax resident, you are already subject to income tax on the gain from the sale in India.  However, if the investment is held by a separate entity in India, which is not a US domestic entity or tax resident, then there is a separate analysis.  Paying a dividend to you of the sale proceeds (or part of the proceeds) would be taxable.  Your sale of the entity containing the investments would be taxable.  There are look-through provisions if the entity is insufficiently foreign (de facto US, such as a Subpart-F CFC).  There are ways to structure that transaction that are not taxable, such as making it a bona fide loan (which is enforceable and you must pay back on reasonable terms).  But if you are holding property directly, not through a foreign separate entity, then the sale triggers US tax; the transfer into the US is not meaningful for your taxes, except for reporting foreign accounts. Please review Publication 519 for general information on taxation of resident aliens.


Having been both I see the pros and cons Employers: I personally hated all the paperwork.  Government forms, legal protection, insurance, taxes, payroll, accounting, year ends, bank accounts, inventory tracking, expenses. The best bosses don't worry about the product, they worry about maintaining an environment that is good for the product.  Good employees who are happy will make good products that you can sell to customers who are happy with your company. I personally went back to employee because I wanted to go home at night and forget about work.  Employers cannot do that.


"There still is some buying and selling to do in a passively-managed fund.  The stocks might pay dividends.  If the fund manager didn't reinvest these dividends, the fund would begin to accumulate a cash position, which would cause it to stray from being an index fund.  Stocks come and go from an index as well; if the fund is to maintain a composition that matches a particular index, this must be taken into account as well. The role of the manager is to ensure that the fund maintains the composition that it was intended to replicate.  It doesn't involve as much ""stock picking"" that active managers do.  The manager has less leeway as to what s/he buys and sells, but there still is work involved."


Seriously, the corporate greed in these situations is insane... I'll give them the benefit of the doubt that it's an algorithm jacking up the prices as they see more and more sales but fuuuuuck it really sucked dropping $2K to get to safety when normally that same flight would be significantly less.


"I wonder if ETF's are further removed from the actual underlying holdings or assets giving value to the fund, as compared to regular mutual funds. Not exactly removed. But slightly different. Whenever a Fund want to launch an ETF, it would buy the underlying shares; create units. Lets say it purchased 10 of A, 20 of B and 25 of C. And created 100 units for price x. As part of listing, the ETF company will keep the purchased shares of A,B,C with a custodian. Only then it is allowed to sell the 100 units into the market. Once created, units are bought or sold like regular stock. In case the demand is huge, more units are created and the underlying shares kept with custodian.  So, for instance, would VTI and Total Stock Market Index Admiral Shares be equally anchored to the underlying shares of the companies within the index? Yes they are. Are they both connected? Yes to an extent. The way Vanguard is managing this is given a Index [Investment Objective]; it is further splitting the common set of assets into different class. Read more at Share Class. The Portfolio & Management gives out the assets per share class. So Vanguard Total Stock Market Index is a common pool that has VTI ETF, Admiral and Investor Share and possibly Institutional share. Is VTI more of a ""derivative""? No it is not a derivative. It is a Mutual Fund."


"Its fraudulent because it is feeds on new investment to pay the old investors, the EXACT definition of a Ponzi.   And it now is contingent on the faith of the US, as with most other debts. There is no ""trust fund"" of this wealth sitting waiting for us if the USA fails.  But do tell me, how is SS not a ponzi scheme? Does it not use new money to pay the old? If the new money ran out, would it not default on its debts (in the future)? And what part of the constitution says the US government should collect some of my wages and save it for me for later?  You do know, some people have opted out of SS? Even the US government will not take the fight to court. They know its a sham."


As you move toward retirement, your portfolio is supposed to move toward low risk, stable investments, more bonds, less stocks, etc.  Your question implies that you want to increase your income, most likely because your income is not satisfying your desires. First, any idea that you have that risks your savings, just eliminate it.  You are not able to replace those savings.  The time for those kind of plays has passed. However, you can improve your situation.  Do random odd jobs.  Find a part time job that you're willing to do for 10 hours a week or something.  Keep this money separate from your retirement savings.  Research the stock trades you would like to make and use that 'extra' money to play in the market.  Set a rule that you do not touch your nest egg for trading.  You may find that being retired gives you the time to do the #1 thing that helps investors make good investments -- research. Then when you make your first million doing this, write a book.  If you call it Retire - And Then Get Rich, I expect royalties and a dedication.


As stated above, the IRA accounts themselves are individual.  But if you want to simulate a joint account, the following actions would help: Make sure to setup each account with the other spouse as the beneficiary so that each account goes to any surviving spouse should the unexpected happen. Some brokers (I know TDA does this) allow you to grant access to your account to another login, so that effectively one spouse could make the invest decisions for all your accounts.  This is better than simply sharing your username and password, which is against many T&Cs.  If you do this in both directions, each spouse has access to all accounts.


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"1. (a) Visit #3 (Kevin Barrett, Ted Torbich, Jan Irvin, 9/11, human sacrifice, occult mass ritual, dark shamans, United States of America, September 11, 2001) at https://www.reddit.com/r/Missing411/comments/41oph0/supernatural_abductions_in_japanese_folklore_by/d1tjdex      Source: https://www.reddit.com/r/Missing411/comments/41oph0/supernatural_abductions_in_japanese_folklore_by/cz3we2z      (b) Visit #2 (science, occult rituals, magic, USA) at https://www.reddit.com/r/worldpolitics/comments/5bpc5x/an_update_for_my_readers_by_peter_levenda/dfauxj7      Source: https://www.reddit.com/r/worldpolitics/comments/5bpc5x/an_update_for_my_readers_by_peter_levenda/d9q9006  2. ""JASTA another stupid law"" by Mahmoud Ahmad, published on 3 October 2016: #2e at https://www.reddit.com/r/worldpolitics/comments/564rcx/jasta_another_stupid_law_by_mahmoud_ahmad/d8g9s2e          Source: https://www.reddit.com/r/worldpolitics/comments/5b9bza/the_political_system_of_the_usa_is_characterised/d9mq22q      Via: #1 at https://www.reddit.com/r/worldpolitics/comments/5bpc5x/an_update_for_my_readers_by_peter_levenda/d9q9006       3. ""The CIA's Holy War: No espionage operation or covert action was deemed too extreme by a CIA that saw only friends or enemies"" by Stephen Kinzer, published in the June 2016 issue of American History: #7a at https://www.reddit.com/r/worldpolitics/comments/5bpc5x/an_update_for_my_readers_by_peter_levenda/ddlcuvl      Source: https://www.reddit.com/r/worldpolitics/comments/5bpc5x/an_update_for_my_readers_by_peter_levenda/d9q9006      4. Read https://www.reddit.com/r/worldpolitics/comments/5b9bza/the_political_system_of_the_usa_is_characterised/d9mq22q          Source: #1 at https://www.reddit.com/r/worldpolitics/comments/5bpc5x/an_update_for_my_readers_by_peter_levenda/d9q9006      Via: #26 at https://www.reddit.com/r/Missing411/comments/41oph0/supernatural_abductions_in_japanese_folklore_by/cz3we2z  5. ""The Untold Story Behind Saudi Arabia's 41-Year U.S. Debt Secret: How a legendary bond trader from Salomon Brothers brokered a do-or-die deal that reshaped U.S.-Saudi relations for generations."" by Andrea Wong, published on 30 May 2016: https://www.bloomberg.com/news/features/2016-05-30/the-untold-story-behind-saudi-arabia-s-41-year-u-s-debt-secret"


The net benefit to the US economy for the DoD is likely positive thanks to the Navy alone, to be honest. But yah, it shouldn't be about it providing a positive return.  I am not a supporter of USPS, though. It's an antiquated system. So much pollution, so much waste, and for what? So that you can get junk mail and businesses can continue to send you paper bills for some reason in 2014?   I'd rather they take the $70bn budget of USPS and develop a nationwide wireless internet system (even if it's at Edge network speeds) and we can get rid of the USPS entirely afterwards.


A government official said that the e-filing website had seen overloading due to last-minute filings. The last date for filing the income tax returns (ITRs) has been extended to 5th of August 2017 for the financial year 2016-17, the original deadline was 31st of July, 2017.


Turmeric has its own traditional story which has added a milestone in Ayurveda and Siddha medicine. It is considered a Herculean purifier by Ayurvedic therapists. Though Ayurveda is considered as alternative medicine in western countries, it is the traditional one in India. It is a holistic approach to health that is designed to help people to attain longevity.


I work for a mortgage company but one that sells the loans we fund to banks. I've never heard of that risk mitigation incentive (lower rate for auto payments) but I know for a fact you will have a higher interest rate if you choose to pay your taxes and insurance out of your own pocket and not escrow them. I would contact the CFPB instead of an attorney and they will be able to tell you very quickly whether this is an acceptable practice or not.


Hitting the 25% marginal rate does not mean all of your earnings are taxed at 25%, only those that exceed the top of the 15% bracket. You can deduct any expenses for upgrading or repairing your apartments, those are subtracted from the earnings before tax is calculated as income, so you will probably stay in a lower marginal rate. Property tax will hit you annually, and capital gains tax will hit you when you sell them at the end. If you already have experience with this business in your home country, then this sounds like a good option for you. The only caution that I would give you is to find an accountant to help you with your taxes and pay for a consultation before you get started so that you know what to track that will help him/her minimize your tax bill.


How much damage has he done to the brand now, though? His name is a lot of his value AFAIK and now it will have very negative connotations forever except in specific demographics. You'd imagine he's knocked a fair amount of the value already.  And I'm sceptical about the poorer rural one they're pursuing, because sooner or later his policies are going to bite them and he won't be popular there either.


Probably not. I say probably because your credit card's terms of service may treat certain purchases (I'm thinking buying traveler's checks off-hand) as cash advances. See also this question.


No. It's not mandatory you buy from them. If they have money and are rich companies is because they provide a good service and deliver value to people then get rewarded by customers with they money.  It's different than the monopoly that government is. You aren't able to get from anyone else. You are just a slave from the system.  So government creates monopoly.  Now if some company decide to be a better search engine or anything else that Google does better than them then that company will get rewarded over Google.   So, it's not a monopoly.


The best option would be to have the dental office allow you pay in installments. That would be probably the cheapest and most convenient way. When high amounts are involved - many medical offices are flexible with payments and allow spreading over long period of time, so you should check it out. Otherwise, credit cards would probably be the most expensive loan, but you should shop around and compare the rates offered to you, it is hard to guess would you may get.


The safest investment is probably a money market fund [originally I said a TIPS fund but they appear to be riskier than I had thought].  But you might not want to invest everything there because the returns are not going to be great.  High returns come with high risk. The best portfolio has some percentage (which may be 0) of your money in a safe asset like a money market and some in a risky portfolio (this percentage may also be zero for some people).  You should consult your own risk aversion and decide how much money to put in each.  If you are super risk-averse, put almost all of it in the money market.  If you want a little more return, put more of it in the risky portfolio.  This is a fundamental result of finance theory. What's the risky asset?  A fully diversified portfolio of bonds and stocks.  People don't agree on exactly what the weights should be.  The rule of thumb back in the day was 60% stock and 40% bonds.  These days lots of financial planners recommend 120 minus your age in stock and the rest in bonds.  But no one really knows what the perfect weights in the risky portfolio should be (the rules of thumb I just gave have little or no theoretical foundation) so you have to choose for yourself what you think makes sense.


Freakin' laws and taxes are such a headache. We should band together to eliminate these, but only in regard to our business interests.   As for abortion and education laws, those are no headache to us. Creates more hard-working half-wits for us to exploit


First, keep about six months' expenses in immediately-available form (savings account or similar). Second, determine how long you expect to hold on to the rest of it.  What's your timeframe for buying a house or starting a family?  This determines what you should do with the rest of it. If you're buying a house next year, then a CD (Certificate of Deposit) is a reasonable option; low-ish interest reate, but something, probably roughly inflation level, and quite safe - and you can plan things so it's available when you need it for the down payment. If you've got 3-5 years before you want to touch this money, then invest it in something reasonably safe.  You can find reasonable funds that have a fairly low risk profile - usually a combination of stock and bonds - with a few percent higher rate of return on average.  Still could lose money, but won't be all that risky. If you've got over five years, then you should probably invest them in an ETF that tracks a large market sector - in the US I'd suggest VOO or similar (Vanguard's S&P 500 fund), I'm sure Australia has something similar which tracks the larger market.  Risky, but over 5+ years unlikely to lose money, and will likely have a better rate of return than anything else (6% or higher is reasonable to expect).  Five years is long enough that it's vanishingly unlikely to lose money over the time period, and fairly likely to make a good return. Accept the higher risk here for the greater return; and don't cringe when the market falls, as it will go up again.  Then, when you get close to your target date, start pulling money out of it and into CDs or safer investments during up periods.


Does anyone know if there is a way to set up a practice account?  I only have index ETFs currently, and would like to play around and get a feel for other stocks/options before putting real money into it.


"> PEW Research Center Social Media Report 2016  Here's [the link.](http://www.pewinternet.org/2016/11/11/social-media-update-2016/) I was looking for something this year and skipped over this one. I'd imagine these figures may have changed since the election.  I don't doubt that FB overtakes the market in terms of users who have established a presence on the service. I'm just suspicious of that percentage actually representing *active* users of the service. I, for one, have an FB account but won't touch it with a 10 foot pole. I keep it open mostly as a ""phone line"" people can use to contact me if they don't have any other method of contacting me."


Guys, this discussion is fantastic. Finally I understand how money works. Lets make this event crisper and spread the word. I guess one edited text would work best. So I've put it in a Google Doc for us to improve (e.g. add links to Wikipedia for relevant terms.)  https://docs.google.com/document/d/1YaVvkPYfrShWM4hTuWU7ncGItigql7iStCo85nAXI-U/edit  I hope this is not an un-Redditish idea.


"Yes the source is pushing a survivalist agenda, and feeding whatever story they can coerce into that agenda. Yet the article directly linked the [federal reserve report](http://www.federalreserve.gov/econresdata/2013-report-economic-well-being-us-households-201407.pdf) the numbers came from at the start of the second paragraph. Something news articles rarely do, whether it be economics, legal judgements, or whatever. Hence the ""bullshit underneath"" is itself bullshit. I just wish all such articles from all sources would do the same."


Looks like it stands for Accident and Emergency.   Yes, that is a grey aeea, similar to mental illness, disability, old age of those who cannot afford help, terminal sicknesses and autism. My heart goes out to them, while my brain calculates the cost to the national bottom line. For example, per one study, about 80% of emergency care is spent on extending the life of a terminally ill patient by only three months on a sick bed. That money could serve millions avoid sickness.   I don't know what to say on this topic since it sits at the intersection of the current great national debate.  Edit - Add to this list addicts, orphans, homeless, victims of crime and others I may have missed.


Get the worker put it in writing, and deduct it in December under constructive receipt rules. The fact that you're getting the actual cash in January isn't significant as long as you've secured the payment. Verify this with a tax adviser, but that's what I would do.


I'd be tempted to pay off the 35k in student loans immediately, but if you have to owe money, it's hard to beat zero percent. So I don't think I would pay it all off. Maybe cut it in half to make it a more comfortable payment. Currently, you are looking at $6K a year to pay them off, which is about 20% of your income. Cut that in half and you will sleep better! Definitely pay off the medical and credit cards. You're probably paying 20% on that. Clean it up. If you need a car, buy yourself a car. You have no savings, so I would put the rest in some kind of money market savings account. You are at an age where many people go through frequent changes. Maybe you get your own place, and you'll need to furnish it. Maybe you go back to school. Maybe you get married or have kids. Maybe you take a year off and backpack through Europe or Asia. You have a nice little windfall that puts you in a nice position to enjoy being young, so I would not lock it up into a 401k or other long term situation.


"Does the money lending between us need to be reported in our tax   reports? No. Will he be taxed more because of lending the money to me? Yes. Will I be taxed more because of borrowing the money from him? No. How shall we report it so as to minimize our taxes? You cannot. What is reported on your tax returns is the income. A loan is not an income, so nothing gets reported. However, when you repay the loan, assuming it has interest, the lender has income: the interest. Interest income is reported on schedule B of the regular (1040/1040A) tax return (or, in the case of non-resident for tax purposes, on line 9 of 1040NR). It is taxed as ordinary income, and since you're both foreigners - the lender should look into the treaty provisions that might be relevant. Generally it is not exempt from taxable income based on treaty exemptions for students (which is only for earned income), but there might be other rules in the treaty regarding interest income. If there's no (fair market or higher) interest, then there's ""assumed"" interest at the IRS mandated rates, which is considered a gift. If it amounts to more than the yearly gift exemption, the lender may be liable for gift tax (depending on the lender's and your status, and again - see treaties). ""Loan"" without an obligation to repay and without actual repaying will also be considered a gift for tax purposes. If the lender has no intentions of having the loan repaid (i.e.: making a gift), it will be better to pay your tuition bills instead of actually giving you the money: tuition is exempt from gift tax. Talk to a CPA/EA licensed in your state for a proper tax advice on this issue."