Recent content by StraightnLevel

Which private equity firms specialize in off-shoring? Can you name a few? PE has several playbooks that they typically implement, and off-shoring isn't one of them. 1) They buy distressed businesses. They then either figure out to make them profitable and sell them whole, or they carve out...

Primarily, it offsets the effect of both double taxation of corporate profits and also the effect of inflation. Personally, I would prefer to see dividends taxed as regular income, but then have the dividend payments treated as an expense deductible to the corporation. That would end the...

I’m a public-company exec, not a sole proprietor. The SEC would frown upon that sort of arrangement, and I’m fairly certain that the BoD would never approve it in the first place.

Perhaps with a rental property. Try it with an actual second home - like the one I have in the town where my company’s HQ is located. No tax break there - none at all. And yes, if I sell at a higher price due to inflation, the inflation gain is taxed fully, even though it is the exact same...

Texas barbecue is the best brisket BBQ, certainly. The same cannot be said for ribs nor pulled pork, however. In Houston, Killen's and Central Texas Bar-B-Cue (across the street from KHOU) are a great place to start, IMO.

Think about it for a moment. When a business owner generates profit, what does he/she do with it? Most of them reinvest the majority back into the business, which in turn drives economic activity and creates jobs. Every penny that is taken away through taxation is unavailable for...

Precisely.

It forces the user to give out a mobile number that they should have zero interest in sharing. This in and of itself is a major security breach.

MFA in general is terrible, at least the way it is generally implemented. In practice, it requires each of us to provide an ever-expanding set of personal data to each and every company we do business with. This does not reduce our individual risk, it increases it. A competent hacker doesn't...

Exactly. In general, I absolutely do not like Apple's closed system approach. However, I keep an iPad around for two specific applications, one of which is Foreflight. It's annoying to have a separate device for just two apps, but those two work for me in iPad form. Right horse for the...

Right. Imagine your parents bought a house in 1975 for $35,000. Today, it’s worth $600K. That’s $565K in “long term capital gains”, which would be taxed at 27.6%. Trouble is, it’s the exact same house in the exact same location, so the government is effectively charging a 27.6% transaction...

1) $500K is a top 1% income. You called it "lower level employee". Pure nonsense, and it exposed the emotional, counter-factual basis of your argument 2) No, your attempted point does not stand. The inconsistencies and goalpost-shifting you are resorting to have shown your lack of sound...

No, but the tax code is the same for all of us. You might do well to study it a bit before posting again, as your statements here have made it clear that you don't have a solid grasp of how it works. Honestly, whenever I see this sort of "tax equality" nonsense, I can tell immediately that...

Yes, they do, and then they spread a bunch of complete nonsense propaganda about higher incomes not paying taxes. :mad2:

No. A billionaire would pay 27.6% in taxes. 20% in regular income tax, 3.8% Obamacare surtax, and 3.8% NIIT surtax. So, if he’s paying tax on a 20% inflation gain (your example), he has a net negative real income of -7.6%.