From the Philly Inquirer:
Ivana Trump is buried at Donald Trump’s New Jersey golf club. Could that mean a tax break for the former president?
Ivana Trump’s death grabbed international headlines, but her New Jersey burial place is now garnering suspicion that its location could mean tax breaks for her ex-husband, former President Donald Trump.
Ivana, Trump’s first wife, died July 14 after suffering blunt-impact injuries during a fall at her home in New York City, ABC reports. A medical examiner ruled her death an accident. She was 73.
She has since been buried in a plot of land at Trump National Golf Club, a sprawling course in Bedminster, N.J., that opened in 2004. Now, due to the intricacies of New Jersey’s tax laws and how they apply to “cemetery companies,” some say the course could be getting a tax break.
…
After the burial, some critics pointed out that by using an area of the golf course as a cemetery, the Bedminster property could be eligible for tax breaks under New Jersey law.
According to the Garden State’s tax code, “cemetery companies” — any entity that “owns, operates, controls, or manages land or places” used for the burial of human remains — is exempt from many forms of taxation. Those include property taxes “on lands dedicated to cemetery purposes,” income taxes, sales and use taxes, business taxes, and inheritance taxes.
…
Brooke Harrington, a Dartmouth College sociology professor and tax researcher, tweeted over the weekend that Donald Trump employing the golf course as a cemetery is a “trifecta of tax avoidance.” She added that there is“no stipulation regarding a minimum # of human remains necessary for the tax breaks to kick in” and that having one body buried there could “suffice to make at least 3 forms of tax vanish.”
…
“If Trump did this for the tax break, he may well have complied with NJ law — which case there would be no legal basis for punishment,” Harrington said.
A Trump Organization representative said in an email to Fortune that calling Ivana’s grave a way to avoid taxes was “truly evil.”
First
“Productivity and focus need to improve at Google, its CEO, Sundar Pichai, told employees in an all-hands meeting.
CNBC reported the news.
Employees at the meeting expressed concern about the wave of layoffs that have been sweeping the tech industry in recent months, employees in the meeting told CNBC.”
“Google’s CEO reportedly told employees at the meeting on Wednesday: “There are real concerns that our productivity as a whole is not where it needs to be for the headcount we have.”
“I wanted to give some additional context following our earnings results, and ask for your help as well,” Pichai reportedly said during the all-hands.
“It’s clear we are facing a challenging macro environment with more uncertainty ahead,” he added.”
If WFH is so productive, increases it I’ve been told, then why are they launching this program? Why is the CEO so concerned with productivity that he launches an “all hands on deck” meeting on the productivity issue? 3b, I am not being snarky. I am being honest here, what is going on?
“Google is launching a new program called “Simplicity Sprint” in an effort to combat the concern over productivity and employee focus, according to related internal documentation seen by CNBC.
The initiative asks Google’s workforce of more than 170,0000 employees to share ideas through an internal survey on where to improve efficiency, per CNBC.”
Pelosi’s plane is about 4 hours out from Taipei, flying the long way around the Philippines. Tweets says that Taiwan might send a bunch of fighter jets to escort the US Airforce Jet.
https://uk.flightaware.com/live/flight/SPAR19
Google is a massive outsourcer, their outsourced headcount is in the tens of thousands. They are all very productive.
Juice,
Apparently, I’ve been using FlightAware all of these years for all of the wrong reasons. It’s actually been my go to tool for predicting flight delays long before they are posted. It always amazes me how poorly the airlines perform when it comes to relaying flight delay or cancellation information to customers in a timely manner.
China has been flexing in the straight over the last few days, If they do send out jets to intercept we’ll see that Air Force plane divert. I have to wonder what kind of $$$$ spend this is from all sides with forces on high alert etc. Has to be tens of millions, if this was a commercial flight, low key etc it would be no issue probably but since it is US Airforce flying into Taiwan with our speaker of the house it became a big deal. Rep Andy Kim from NJ is on that flight too.
Andy is there so the Chinese won’t shoot the plane down. It would be horrible if they took one of their own.
Wha, wha.
Seller beware: US homebuyers are backing out of deals at the highest rate since the start of the pandemic — here’s what that means for real estate
https://finance.yahoo.com/news/seller-beware-us-homebuyers-backing-110000202.html
Housing correction is ‘dead ahead,’ warns Moody’s chief economist Mark Zandi — here’s how he sees things playing out over the next several months
https://finance.yahoo.com/news/housing-correction-dead-ahead-warns-110000649.html
“Housing is the most rate-sensitive sector of the economy, Zandi says, and therefore is likely to be the first to feel the effects of inflation.”
Speaking of old coots in Congress, Bill Pascrell who reps 1/2 of Bergen and Passaic counties is now 85 years old and running for reelection again in November he will turn 86 right after swearing in next year if he wins. He is running against a young Black man from Paterson. Billy Prempeh…
Here is Pascrell telling stories about riding coal burning trains from Paterson to NYC yesterday…
https://twitter.com/BillPascrell/status/1554136406347366400?cxt=HHwWgICyjfq0s5ErAAAA
Lib, back on markets, meant to post this when it occurred but traveling…Gundlach on CNBC on Fed presser day…extended interview, listened to it haven’t googled for a transcript but if you want to find it…Gundlach is IMHO one of the smarter folks out there not just on market topics…he makes an interesting argument over about 45 minutes or so that kind of boils down to the Fed may need to let inflation run hot and above their desired target medium term because the step up level of assets on the balance sheet meaningfully impairs the ability for them to substantively ease again if they throw the economy into full blown recession…basically, the ‘benefit’ they would get by hitting the brakes would be more than overcome by the subsequent easing/QE needed to pull out of the ‘cure’. Pretty poor explanation of this topic, but he made a very cogent argument. Worth a listen if you can find it.
After the NJ redistricting it looks like the old coot Pascrell will be the Representative in Cogress for Grim and Pumps too..
His new District starts at Hamburg Turnpike.
https://ballotpedia.org/New_Jersey%27s_9th_Congressional_District_election,_2022_(June_7_Democratic_primary)
Pumps you should run next time. Pay is like $174,000 a year and part time, you can even take a leave of absence from teaching and go back. Pascrell only got 14,000 votes in the primary. It would not take much to Primary that guy in 2024 just promise money to all the party bosses and government workers in the congressional district and whip the Polish voters.
Oddly, I know exactly what you are talking about and have thought about this possibility already. The real problem with this being, the continued bending over of Main Street so Wall Street can stick it in them again. Too much of this and…
https://www.youtube.com/watch?v=Unx3dpZja00
Powell is clearly on the side of the IBs. Truth be told, getting the debt of the books is much more important to Wall Street than what you and I pay for eggs. Why? Well besides the fact that Wall Street owns our government so the FED will do whatever Wall Street wants (remember when Bush brought in Paulson to run the Treasury). Paulson was the CEO of Goldman Sachs. The timing of his appointment and the crash of Wall Street (Lehman Brothers) always seemed almost orchestrated to me. Snow had presided over a market that went up 40% in his three years as treasury head, which really wasn’t too shabby. Then he abruptly resigns and finds a job running Cerberus, While Hank gives up as head of GS after making nearly a billion there to replace Snow?
So at the end of the day, tapering is much more valuable to the government. Only because it appears we have hit the point where debt actually mattered. And debt is going to expand more rapidly going forward if the market doesn’t recover. Heck, Murphy just made a 6 billion dollar liability(pension) payment and it won’t even stop the unfunded liability from expanding. When the market really corrects, these states with unfunded liabilities (IL, KY, NJ) are immediately going to have to declare bankruptcy. The Feds will have to put these state bailouts on their books, not to mention having space to cover the next too big to fail moment since the reforms put in place since the fiscal crisis have been a complete mockery of anyone with an ounce of care to pay attention to them.
Juice,
Only problem, I have to sell my soul to the devil! Lmao. Politicians have made the game so ugly that it doesn’t appeal to normal good people.
Brooke Harrington, a Dartmouth College sociology professor and tax researcher, tweeted over the weekend that Donald Trump employing the golf course as a cemetery is a “trifecta of tax avoidance.”
The liberal media should get a two week TDS run out of this one. Maybe they could resurrect the Jan. 6th erect1on kangaroo clown show before the November slaughter? By the way, has anyone been charged with an sedition yet?
It really is amazing how the fans of the Trump regime shit bars of gold and piss 30-year barrel aged Bourbon.
Gary you should offer to caddie for Trump.
You could help him cheat on the course
and then parlay that into a White House position
should he run again. Or like the rest of his staffers you could
just end up in prison while dumpy plays another round.
The truth is, burying your ex-wife, who you despise, in any property you own, reeks of complete creepiness. And then, to bury her at your golf course for a tax deduction?
Though, it’s not really the type of news that changes the world. It’s hardly less fucked up than suing Rosarita 25 million for dodging a hug from a black girl.
Name me one person who buried their ex-wife anywhere but in a cemetery?
The power of the right to completely ignore the complete insanity that is Trump is simply mind boggling!
Trump is a circus of dysfunction and corruption.
Anyone who supports him is either brain dead or really is
evil.
And then, of course, there’s the former president himself, who New York Times reporter Maggie Haberman said last week “is running” for president in 2024 “barring a significant change.” Trump continues to send out weekly missives against “cowards” and “many Republican leaders who didn’t act” to overturn the election, signaling another coup attempt would be on the table in 2024.
Ultimately, the various prosecutors investigating the former president have done nothing to demotivate Trump and his supporters from continuing their assault on democracy. Those investigators, in various ways and to various degrees, seem to be dithering in deciding whether or not to prosecute Trump and his top allies. Those investigations include the Department of Justice team looking into Jan. 6, 2021; New York Attorney General Tish James’ civil probe of Trump’s business; Manhattan District Attorney Alvin Bragg’s criminal investigation of Trump’s business; Fulton County District Attorney Fani Willis’ criminal investigation of Trump’s efforts to subvert the election in Georgia; and Westchester District Attorney Mimi Rocah’s criminal investigation of the Trump Organization’s Westchester golf course.
I heard the whole Trump family will be buried in that courtyard. Not just Ivana. Donald, his kids. Presumably Melania has been promised a spot closer to Donald’s plot than Ivana gets. The Trump family is supposed to be emotionally attached to the place. Trump calls it his favorite club. My daughters’ friend who worked there last summer said that Trump and his family were hanging out there a lot last summer. And if they are buried in the courtyard of that club, there will be security to prevent deranged people from spitting and shitting on their graves. No doubt DT thinks he’s a financial genius for taking advantage of one of NJ’s many idiotic tax loopholes. How about you all go shout at Bruce Springsteen for pretending he’s a farmer?
Trump should open a ballroom on his gravesite.
That way he can charge for the millions who would
pay to dance on his grave.
“as I’ve said I would favor an ownership/tax test”
As with the rest of your BS on this topic, it runs straight into the 24th amendment. One person, one vote and they should all count equally. Get rid of the Electoral college and have the president elected on a straight count.
“It’s not racist; it’s discriminates against poorer people. ” and as less than 10% of those in poverty are white, yes race does come into it.
Trump is a circus of dysfunction and corruption.
Anyone who supports him is either brain dead or really is
evil.
Brandon has been getting his 10% for many more years than Trump. And speaking of brain dead, how do you pull the lever for a group that believes men can get pregnant while claiming to follow the science?
I don’t know wtf you are talking about, but then again neither do you.
“Don’t forget xenophobe, homophobe, sexist and misogynist”
If it walks like a duck and quacks?
“Guys hitting accurate 320+ yard drives are pretty good.”
That’s the Blood Money shot the Saudis are buying.
“if you are not pious enough you get no access to power.”
Translation: Fcuk the separation of Church and State. We are bringing on the Judeo Christian Fac1st state. It’s Morning in Gilead B1tches!
Any thoughts . . .
Easiest job (day-to-day work) that pays $100k?
Easiest job to get that pays at least $100k?
TDS is a terrible thing for those afflicted; perhaps not so much for otherwise rational folks like Lib, who simply experience the odd, uncontrolled Tourette-like outburst, but it clearly pushes useless duds like Ex completely over the edge.
By the way, why no outrage from the Dem stooges over FDR and LBJ, both of whom are buried at their homes, both of which are now National Historic Sites/Parks? Back when Dems were normal it was understood that presidential homes/birthplaces were historically significant and that citizens — regardless of political affiliation — would want to visit so that they and their children could learn about our history. The mindless outrage of Dems over what will obviously become T’s resting place — no different than FDR or LBJ — is just the latest example of their petulant childishness.
https://en.wikipedia.org/wiki/Home_of_Franklin_D._Roosevelt_National_Historic_Site
https://www.nps.gov/lyjo/planyourvisit/johnsoncemetery.htm
Get rid of the Electoral college and have the president elected on a straight count.
I’m all for it. The free states of America can then broadcast live footage of the s0cialists states of Flotsam while the drones stand in line at 5:00 AM for their rations of blueberries and ketchup, after the daily night looters have cleared out and are sleeping off the alcohol overdose.
Behind the scenes video of VIP heading to Taiwan
https://www.youtube.com/watch?v=0WG3sNxIgg4
I didn’t pull the lever for either of those deranged creeps. I rarely defend Biden. He’s as crooked as any other politician.
I’ve always said this. The shame of Trump is that he is such a despicable narcissist with the most completely fucked up set of morals. I give him the credit he deserves for being anti-DC establishment. But, then to fill all of the holes he created with rejects from the looney bin? Shame. Really.
Thinking about how politicians manipulate and placate their supporters (and the press), I like to imagine what the world would have been like if Trump espoused the policies of Bernie Sanders. Just think about it for a moment. I honestly and truly feel that the same group that is gaga over Trump’s policies would feel exactly the same about Bernie’s (or even Biden’s). Because the disciples of Trump are only about TRUMP and would believe whatever he does and says is good. Likewise, there are many on the Left who would behave the same way if the establishment Dems started touting self-reliance, Chinese tariffs and bringing back manufacturing.
Crushed,
Become a cop or fireman in NJ. On the cop tip, get your 2 year Associates at any community college in criminology and be a detective. You will never have to carry more than a notepad and a pencil. Though, you will have to make through the academy.
So I get this package dropped on my front porch from BJ’s. I have no idea what it is, but it’s large, heavy and has no return address that I recognize. So, I’m really hopeful a casino is sending me a nice gift. Or perhaps I ordered something ages ago and completely forgot about it.
I whip out my box cutter, rip her open and it reveals a case of brown paper lawn bags. I think I ordered them months ago when I saw a crazy offer and then just forgot about them. I think I got 25 bags for like $7 delivered. It had to be a mistake. So disappointed.
Fabius started drinking early today…
“Get rid of the Electoral college and have the president elected on a straight count.”
But but but that runs straight into other parts of the constitution, just as LW’s suggestion. Key word being suggestion. Of course any changes should be implemented according to the appropriate process, constitutional, legislative or otherwise.
Jon Stewart gave an impassioned and impressive speech the other day (PACT ACT), but he went ad hominem at times so I guess everything he said doesn’t count.
Read the story of the Twentieth Century Motor Company in ‘Atlas Shrugged’. It’s a perfect illustration of the astral utopia the left dreams about. I would love to split this country into red and blue and watch from a distance as the mustard and sickle crowd eventually tries to escape from the sham and horror of their failed paradise.
Things heating up again in the Balkans, Kosovo and Serbia. It’s always the Balkans.
Put down your fairy tale and wake up to an erosion
of personal freedom, authoritarian mobs, nationalist rhetoric,
and religious ideology. None of which are part of my vision of a
Free America.
Biden having Covid issues still and it’s been two weeks…..
Pypl ba-bee…hope you had a bunch lib!
We got some.
“My work has new lows at almost 100% probability. The chances these lows will be a buyable bottom went from 50% to 20% in the past 2 weeks. Buying momentum is weak and more exposure to equities when the bottom is reached increase the probability we have a steeper decline. Today’s price action met all my criteria to add to short positions today”
Put it on the card and forget about it.
I mentioned loan loss reserves at Citibank and others are way up.
New York (CNN)Americans are piling up credit card debt as they struggle to keep up with the high cost of living.
US household debt surpassed $16 trillion for the first time ever during the second quarter, the New York Federal Reserve said Tuesday.
Even as borrowing costs surge, the NY Fed said credit card balances increased by $46 billion last quarter.
Over the past year, credit card debt has jumped by $100 billion, or 13%, the biggest percentage increase in more than 20 years. Credit cards typically charge high interest rates when balances aren’t fully paid off, making this an expensive form of debt.
Joyce,
Bringing up ad hominem in a post that you start with a personal attack is quite ironic.
I don’t claim to wrap myself in the constitution yet ignore the bits I don’t like or that I think should not apply to me. I have constantly said that I would like to see the whole constitution thrown out and a new one drafted that is more relevant to todays world.
Take it back to the Declaration of Independence, correct that and start over.
“We hold these truths to be sacred & undeniable; that ALL are created equal & independent, that from that equal creation they derive rights inherent & inalienable, among which are the preservation of life, & liberty, & the pursuit of happiness”
yeah i paraphrased, I’d urge everybody here who hasn’t listened to watch the whole podcast, but especially from 46:00 onwards where Drew Endy talks about Ginkgo. https://youtu.be/vKgAuMQZyDA?t=2767
Deflationary spiral anyone? Deflationary spiral equals Great Depression btw.
“If you want a glimpse into the abyss of crumbling commodities demand, you could do worse than look at some of the signals coming from China’s steel sector.”
Robinhood cut 23% of staff. WFH are the walking dead but don’t realize it yet. They rather offshore your position than keep it…wake the f up before you are f’ed beyond belief. And please don’t cry about your choices, choices have consequences.
My grandma is on hospice…see how strong she is and how long it lasts. Anyone that says it’s easier if they are old is a fraud.
It’s not ironic; it was on purpose. You don’t think I remember the 8,000 times you said something to the effect of ‘once you go ad hominem, you lose the argument’ ? Does Jon Stewart’s ad hominem remarks mean he “lost”?
I don’t claim to wrap myself in the constitution yet ignore the bits I don’t like or that I think should not apply to me.
Fantastic. Find an example of leftwing or myself doing that. If not, I assume you’re talking about politicians in general, mostly republicans. Or maybe you’ll say you are talking about just republican politicians. What does that have to do with his suggestion? What’s another thing you constantly repeat and accuse others of… maybe changing the topic/moving the goal posts?
Fabius Maximus says:
August 2, 2022 at 7:47 pm
Joyce,
Bringing up ad hominem in a post that you start with a personal attack is quite ironic.
I don’t claim to wrap myself in the constitution yet ignore the bits I don’t like or that I think should not apply to me. I have constantly said that I would like to see the whole constitution thrown out and a new one drafted that is more relevant to todays world.
Take it back to the Declaration of Independence, correct that and start over.
“We hold these truths to be sacred & undeniable; that ALL are created equal & independent, that from that equal creation they derive rights inherent & inalienable, among which are the preservation of life, & liberty, & the pursuit of happiness”
Just because someone has abhorrent views and says
them politely it doesn’t make them any less f-cked up.
My firm belief is that @ssholes know they are assholes,
But sometimes they need to be reminded of said fact.
Traveling from Salt Lake to Yellowstone over the past 2 days and Real Estate out here makes Jersey and Florida look like bargains. Driving through Preston Idaho my wife peeked at Trulia and a seriously fugglly looking cape without a garage was $650K
It had the circa 1972 white faux stone with the black shutters and matching storm door and ghost town charm to the crossroads of the town. When we get to Teton Village, all the “locals” repeat the mantra, “the billionaires are chasing out the millionaires”
Makes me think that as f’ed as we are in Jersey, these people are on a whole other level of screwdom
I’ll bet that you could buy one of these places you mentioned
and the monthly tab would be less than a place that cost you 1/2 as much
in NJ. Taxes.
Taxes are so damn onerous in NJ. They are never going to go away.