Russian 2 Judgment: Politics Thread (Special Sessions)

Re: Russian 2 Judgment: Politics Thread (Special Sessions)

Unread postby The Savior » Wed Mar 15, 2017 06:47:21

We should have someone reread the Panama Papers

I agree with Monkeyboy. Likely used Trump to get money out of Russia and into USD.
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Re: Russian 2 Judgment: Politics Thread (Special Sessions)

Unread postby thephan » Wed Mar 15, 2017 07:23:22

Richmond is right that these rather meaningless pages of an 11 year old return are the spin cycle. Anything to stop the Russia and failing 'its not TurmpCare, it belongs to America' health plan talk. Remember that article from the Economist about the Russian "Waddabout" strategy. This is a modified version of it.

Richmond is also right that this continues to build that wall between the media and the people.
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Re: Russian 2 Judgment: Politics Thread (Special Sessions)

Unread postby thephan » Wed Mar 15, 2017 07:43:15

Trump is hardly the only person who want the AMT worked on. The basic problem is the cost of living and associated salary requirement for say living in NYC versus Newman Grove, NE means the city folk uniformly pay a "minimum" tax and the corn huskers don't know what that is.

I think it kicks in around $80K this year, which quickly hits graduates with technical degrees (The starting salary for BS EE and CS is about $76K, and if you come out of a superstar program it can be $100K - that is roughly 3 - 4x my starting salary with a CS degree in the early 90's). I cannot tell you what liberal arts degrees fetch, but those services and contributions cannot be too far behind with the cost of living in a city.

For the record, I know that an engineering designing in CAD in Reading with 2 years experience was hired on at $80K.
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Re: Russian 2 Judgment: Politics Thread (Special Sessions)

Unread postby kruker » Wed Mar 15, 2017 07:47:31

Woody wrote:
The Savior wrote:Sure wonder what those 2006 - 2010 returns look like as thats when his core business sector got annihilated. Perhaps that's what got him linked to Russia - financial desperation.


That's what I've read. Fewer and fewer US lenders would give him money so he went outside the country. The question is how much he is in debt to Russian firms, and how closely those firms are or aren't tied to their administration. For all we know Putin indirectly owns a bank that he owes hundreds of millions to


https://www.bloomberg.com/politics/arti ... -valuation

He had a $300M line of credit from Deutsche and Ladder Capital was willing to finance him. Not ruling anything out, but it's a fact that he had big--Deutsche (reputable--make your own call there)--institutions willing to lend to him during that 2006-2010 period (I think Ladder was 2012 at earliest and has continued since). I know he still has had access to the DB credit line. Not ruling anything out, but let's not act like he was cut out of big banking. If he has ties to a Russian bank or outstanding personal loan to a Russian oligarch, it's really well hidden (which again, not to say it's impossible). Trust me, people have been looking in some clever places including the Panama Papers.
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Re: Russian 2 Judgment: Politics Thread (Special Sessions)

Unread postby Bucky » Wed Mar 15, 2017 07:51:59

I think the AMT is much less to do with salary than with deductions. I got hit a couple years ago (if you search you will see me breathing fire in the tax threat). It's something like "well, you've got all these lawful deductions, yeah, but we still don't think you're paying enough, so VIOLA, you have to pay the AMT instead".

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Re: Russian 2 Judgment: Politics Thread (Special Sessions)

Unread postby stevemc » Wed Mar 15, 2017 08:11:47

Bucky wrote: so VIOLA,


love this so much

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Re: Russian 2 Judgment: Politics Thread (Special Sessions)

Unread postby The Crimson Cyclone » Wed Mar 15, 2017 08:19:17

stevemc wrote:
Bucky wrote: so VIOLA,


love this so much


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Re: Russian 2 Judgment: Politics Thread (Special Sessions)

Unread postby thephan » Wed Mar 15, 2017 08:22:03

Bucky wrote:I think the AMT is much less to do with salary than with deductions. I got hit a couple years ago (if you search you will see me breathing fire in the tax threat). It's something like "well, you've got all these lawful deductions, yeah, but we still don't think you're paying enough, so VIOLA, you have to pay the AMT instead".


You sir, are correct. Aside from the If you make more then X, then you pay a % of (taxable income -X), there is also a host of deductions that implode. The most notable/painful if stuff to do with kids. I mean why have kids if you cannot write them off (mostly around deductions for child care to be specific).

Full disclosure, I do not mind paying taxes if I get commiserate services, but the tax code is a maze and a half if you try to look at it rationally. Simplification would help my sanity. Just make AMT part of the charted pain, and go forward, because it always feels like a "gottcha". Here is your taxes owed, now bend over for the AMT. I want to plan it so I am at +/-$500, but I am never getting there with the AMT zinger, so my planning is shoot for it with deductions and put a pile of money off to the side to see how close you guess to the AMT kicker.
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Re: Russian 2 Judgment: Politics Thread (Special Sessions)

Unread postby kruker » Wed Mar 15, 2017 08:34:30

thephan wrote:
Bucky wrote:I think the AMT is much less to do with salary than with deductions. I got hit a couple years ago (if you search you will see me breathing fire in the tax threat). It's something like "well, you've got all these lawful deductions, yeah, but we still don't think you're paying enough, so VIOLA, you have to pay the AMT instead".


You sir, are correct. Aside from the If you make more then X, then you pay a % of (taxable income -X), there is also a host of deductions that implode. The most notable/painful if stuff to do with kids. I mean why have kids if you cannot write them off (mostly around deductions for child care to be specific).

Full disclosure, I do not mind paying taxes if I get commiserate services, but the tax code is a maze and a half if you try to look at it rationally. Simplification would help my sanity. Just make AMT part of the charted pain, and go forward, because it always feels like a "gottcha". Here is your taxes owed, now bend over for the AMT. I want to plan it so I am at +/-$500, but I am never getting there with the AMT zinger, so my planning is shoot for it with deductions and put a pile of money off to the side to see how close you guess to the AMT kicker.


yes yes yes. there was a suggestion a while back that you'd get to self direct a small portion of your taxes. make you feel like you're getting some say. always liked that. like a nominal 1% that i can throw at infrastructure or whatever. always liked that idea. but yea, we have got to have the worst tax code in the world. no reason we should have to waste the billions of combined hours a year we do on satisfying it. lower the brackets and make everyone-everyone-pay something.
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Re: Russian 2 Judgment: Politics Thread (Special Sessions)

Unread postby pacino » Wed Mar 15, 2017 08:45:45

Comey at 230pm fwiw

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Re: Russian 2 Judgment: Politics Thread (Special Sessions)

Unread postby CalvinBall » Wed Mar 15, 2017 08:47:25

Trump in Michigan today to announce roll backs on fuel efficiency regulations. Who does that help? People really pining for the days where your truck would get 8 miles to the gallon?

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Re: Russian 2 Judgment: Politics Thread (Special Sessions)

Unread postby pacino » Wed Mar 15, 2017 08:47:26

i would not be for making everyone pay federal income tax
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Re: Russian 2 Judgment: Politics Thread (Special Sessions)

Unread postby pacino » Wed Mar 15, 2017 08:47:44

CalvinBall wrote:Trump in Michigan today to announce roll backs on fuel efficiency regulations. Who does that help? People really pining for the days where your truck would get 8 miles to the gallon?

#MAGA
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Re: Russian 2 Judgment: Politics Thread (Special Sessions)

Unread postby pacino » Wed Mar 15, 2017 09:02:46

honestly didn't realize this was happening

Arkansas is looking to execute 8 people in 10 days:

This week, the governor signed proclamations setting four execution dates for the eight inmates between April 17 and 27. Two men would be put to death on each of the four dates. If Arkansas follows that timetable, it will be at a rate unmatched by any state since the United States resumed the death penalty in 1977, according to the Death Penalty Information Center, a nonprofit research group that opposes capital punishment.


The state’s supply of midazolam runs out on April 30,” said John Williams, an assistant federal public defender based in Little Rock. “And so the schedule is quite obviously dictated by that, and we think it is inhumane that the state would schedule executions so as to get rid of a drug supply that the evidence shows is cruel and unusual.”
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Re: Russian 2 Judgment: Politics Thread (Special Sessions)

Unread postby Phred » Wed Mar 15, 2017 09:06:30

CalvinBall wrote:Trump in Michigan today to announce roll backs on fuel efficiency regulations. Who does that help? People really pining for the days where your truck would get 8 miles to the gallon?


Gas companies.
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Re: Russian 2 Judgment: Politics Thread (Special Sessions)

Unread postby pacino » Wed Mar 15, 2017 09:10:04

Greenwald is on today's Pod Save the World
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Re: Russian 2 Judgment: Politics Thread (Special Sessions)

Unread postby kruker » Wed Mar 15, 2017 09:11:40

pacino wrote:i would not be for making everyone pay federal income tax


I'm talking nominal amounts. Behavioral economics has taught us a lot about how people will pay more attention even when they just have to put a $5 check in the mail. If you want to increase civic activism, people caring about government, it's an easy way. It's ridiculous that a very large swath of the public doesn't have to even think about federal taxes. It's not about the dollars, it's about getting the rest of the population into the discussion.
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Re: Russian 2 Judgment: Politics Thread (Special Sessions)

Unread postby CalvinBall » Wed Mar 15, 2017 09:13:39

Phred wrote:
CalvinBall wrote:Trump in Michigan today to announce roll backs on fuel efficiency regulations. Who does that help? People really pining for the days where your truck would get 8 miles to the gallon?


Gas companies.


I guess, but is a consumer going to be like hell yeah give me that non-full efficient car! Maybe there is a sizable cost difference, but at this point technology is pretty far along, no?

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Re: Russian 2 Judgment: Politics Thread (Special Sessions)

Unread postby JUburton » Wed Mar 15, 2017 09:14:41

Hard disagree on the tax thing. And basically no one mails the government a check anyway. The money just disappears.

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Re: Russian 2 Judgment: Politics Thread (Special Sessions)

Unread postby kruker » Wed Mar 15, 2017 09:17:52

CalvinBall wrote:
Phred wrote:
CalvinBall wrote:Trump in Michigan today to announce roll backs on fuel efficiency regulations. Who does that help? People really pining for the days where your truck would get 8 miles to the gallon?


Gas companies.


I guess, but is a consumer going to be like hell yeah give me that non-full efficient car! Maybe there is a sizable cost difference, but at this point technology is pretty far along, no?


Not so far along that VW et al feel the need to cheat the regs. Honestly, if you want to do encourage higher mpg vehicles/evs on the road, build it into gas prices. Purchases of trucks/suv's--rather high mpg vehicles (including fuel efficient trucks/suvs) tracks gas prices. It's easier to enforce and impossible to cheat.
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