From Insider:
US home prices could sink as much as 15% in a market crash but a moderate downturn is still more likely, Fitch says
The odds of a severe housing downturn have risen, and US home prices could sink as much as 15% in that scenario, according to a report from Fitch.
But the credit rating agency said a moderate slowdown is still the more likely outcome, predicting that housing activity will fall by mid-single digits in 2023 and low-single digits in 2024.
Fitch reaffirmed a stable outlook for US homebuilders, but estimated that a sharp deterioration in the market could result in housing activity falling 30% or more over multiple years with home prices down 10% to 15%.
Fitch listed consumer confidence, GDP growth, home prices and unemployment as key factors contributing to its projections.
first
Buying a house at the peak and watching it drop 15% over a few years is still cheaper than a divorce in most cases.
For anyone paying attention BBBY shares traded 379 million shares yesterday and last night in after hours another 8 million shares, there are only 65 million shares available. That kind of volume is not RETAIL MEME KIDS trading to push the price higher.
Cramer is now calling it a coordinated take down, aka market manipulation, he expects it to shoot higher today allot higher.
@jimcramer 6:19 AM · Aug 17, 2022
Coordinated sites gunning for get BBBY up already? Always intimidating to shorts who are cornered. Not much out of the money call buying yesterday. imagine that happens today to break the shorts??
Meanwhile, back at the Trump’s Hall of Injustice:
“Allen Weisselberg, the longtime chief financial officer of the Trump Organization, is in talks to plead guilty in a wide-ranging fraud case, two people familiar with the case tell NPR.”
Tell us more about Hunter’s laptop though..
Fab: The Republican Party is not my party. I have been an independent since day one. You seem to have a problem with that, as in your view one has to be Repub or Dem. And, yes, I would have voted for Bernie, as I believe it would have shaken up the establishment on both sides.
I criticize the Repubs and the Dems. I have said for years I think young Bush was one of the worst Presidents we have ever had. I was against the war in Iraq, and Afghanistan. I also did not vote for Trump, either time, nor did I vote for Biden. I think at the moment the Dems are at their height of their hypocrisy, with their faux concern for the everyday American. You follow and defend the Democrats no matter what. I have never once heard you criticize the Democrats. There are Democrats here, who have criticized their own party. I get the feeling it’s your belief if one does not like either party, then they are suspect, and must automatically be a closet Republican. That’s just simply not the case.
Bystander would you agree Hunter is going to get charged and get a sweet plea deal and then a pardon?
BTW there are NYC lawyers on twitter actively complaining about injustice in dealing with the Manhattan attorney Alvin Bragg, they say their clients were never offered a measly 6 months prison time for what is considered a white collar crime like Weisselberg is getting.
Elon last night.
@elonmusk
To be clear, I support the left half of the Republican Party and the right half of the Democratic Party!
Trump will serve time. It’ll be under house arrest.
He won’t spend another second as an elected official.
Harriet Hageman – 113,025 – 66.3%
Liz Cheney – 49,316 – 28.9%
Any questions?
At the end of the day, if you are not cheating on your taxes, you have nothing to worry about. Small or large tax avoidance, doesn’t matter, both are cheating the honest individuals that pay their taxes in full.
“The establishment wanted your bank to file a report if you had $10k in annual cash in or out. There was an outcry that shut that down. But, the establishment slipped in tbe 1099 for $600 of commercial activity on Venmo,zelle, cash app, PayPal, etc. and now 80,000 more agents aimed at people making $200k/year or less. Sick! Sad!”
And then people wonder why fundamentals don’t matter as much as they did 60 years ago.
Juice Box says:
August 17, 2022 at 8:02 am
For anyone paying attention BBBY shares traded 379 million shares yesterday and last night in after hours another 8 million shares, there are only 65 million shares available. That kind of volume is not RETAIL MEME KIDS trading to push the price higher.
Juice,
When I see the charges then I guess we can decide on justice but not there yet. I would hope he gets the book but yes, I could see it happening. Sorry, I don’t take twitter whispers as indication of some fact. Everything is whispered on twitter. The case continues..
8:28 Pffffft seriously?
But… but… January 6th!
top Russian propagandist and state media host said he is worried about Russia’s “agent” former U.S. President Donald Trump following the FBI’s search of his Mar-a-Lago resort in Florida.
Russian-state TV show host Vladimir Solovyov made said he is worried that Trump could be branded a “Russian spy” and “executed” for preparing to “hand off nuclear secrets” to Moscow.
“I’m very worried for our agent Trump. They found everything at Mar-a-Lago, they got packages of documents. In all seriousness, they say he should be executed as a person that was ready to hand off nuclear secrets to Russia,” Solovyov said in the most recent broadcast of the state TV show, Sunday Evening with Vladimir Solovyov, as translated by The Daily Beast.
“[He could be declared] a Russian spy. Will we try to exchange him to bring Trump to Russia? Will they include Trump on the prisoner exchange list?”
Come to think of it a Donald Trump & Steven Segal ticket is a winner!
Comrade.
re: 8:28
Those are some worrisome numbers for pollsters and election watchers.
200,579 registered Republican’s in Wyoming as of July 1st.
162,341 voted that is a 80% Turnout for a primary.
Ex, I hear there is a chance that Wyoming and its six people will be red next election
IRS moves basically shift more side-gig workers to the cash economy, pushing that entire sector of our economy into the shadows. These folks just move back to spending cash for gas, groceries, clothing, food, services, etc etc.
Why bother putting it in the bank at all?
The average American family could easily burn off $10-20k in cash income, transitioning completely away from credit/debit, or any need to pass a transaction through some digital mechanism.
Need to launder more of that money? You can put down as much as $10k on a car without it needing to be reported.
162,341 voted that is a 80% Turnout for a primary.
Gee, I wonder what November 8th is going to look like? (walks away whistling… )
I occasionally buy things to resell at a profit online, it’s enough to put me over the limit.
So now, if my wife or I sell something on a local marketplace (craigslist, facebook) – it’s cash only, and the listing gets deleted, not marked as sold.
8:43 Trump really hoped his crowd of supporters who stormed the Capitol would upend society and Trump could suspend the transition/election to seize power. But his revolutionaries were so inept that they actually failed in that effort.
8:52 why do you post things a 14 year-old girl would say?
….walks away whistling….
That’s just the air escaping from your loose assh*le….
Grim, most people don’t use cash anymore.
And online marketplace transactions were already mostly cash. One of the last places cash is still used besides the black market.
re: “prisoner exchange list”
Why are we trading a convicted criminal Viktor Bout for a drug offender? Really that is the best they can do? Edward Snowden is the better trade, he is a wanted and facing 30 years in jail.
8:58 I agree. She can rot there.
Walmart Inc. said U.S. comparable sales—those from stores and digital channels operating for at least 12 months—rose 6.5% in the quarter ended July 29, helped by higher prices, market-share gains in grocery and strong sales of private-label products. Revenue rose 8.4% to $152.86 billion compared with the prior-year period. Operating income in the quarter dipped 6.8%, however, as higher discounts and selling more low-margin grocery items cut into margins.
Walmart warned last month that excess inventory and weaker demand would cut into its profits this year. The value of inventory was up 25% from a year earlier, but that is lower than the previous quarter, and executives said they believe inventory has peaked. Walmart has canceled billions’ worth of orders and sold through much of its excess summer product, but it is still working to sell electronics, home goods and apparel goods, Chief Financial Officer John Rainey said on a conference call.
At Home Depot Inc., meanwhile, second-quarter sales rose 6.5% as the retailer’s higher prices more than offset another drop in transactions. The home-improvement chain said the average amount spent per transaction rose 9.1% during the quarter, while the total number of transactions fell 3%. Home Depot executives said that elevated home values have kept demand strong from both professional contractors and do-it-yourself customers. “When you look at the wealth creation over the last two years, home price appreciation of almost 40%, our customer is just in a really good place right now,” Chief Financial Officer Richard McPhail said on the company’s earnings call.
It’s funny that we continue to give in to every s0cialist, liberal whine, cry and demand over the past 50 years and yet, the left is as angry, resentful, spiteful, embittered and malicious as ever.
Home Depot CFO is in denial. Lol
Ex,
The WNBA needs its stars back so they can get their attendance numbers up. Bill Burr mentioned it:
https://www.youtube.com/watch?v=FlVYBixQNQ0
9:01 …. Speaking of which, you see Liz Cheney again.
She’ll run for POTUS next time, but as an Independent.
She won’t win, but she’ll siphon off enough votes so that, if Trump runs, he will lose.
Americans still write billions of checks every year and charge trillions on credit cards. You won’t find that in China with WeChat and Ali Pay. They are light years ahead in Fintech, all controlled by big brother ofcoure.
“If you’re not cheating on your taxes, you have nothing to worry about”
Right, everyone keeps perfect records for tax purposes going back six years. And nobody with a clean record would get stressed out about an IRS audit.
I’m not too worried because I pay the taxes I think I should pay, but I also know that any audit I get is going to cost me money and time, as my accountants would have to get brought into any audit. My taxes are just too complicated for me to explain on my own.
I bet property investors and landlords will be among the favorite targets of IRS audits. And since Pumpkin says everyone he knows cheats on their taxes, maybe their AI software will pull him in for an audit too. As the saying goes, “birds of a feather flock together.”
Maybe in a year or two folks on NJRereport will be sharing tips on dealing with IRS audits.
8:29 . . .
Winning an audit is like winning a fight against two pit bulls. A grown man can win that fight but he will walk away hurt.
The IRS doesn’t pay your attorney or cpa fees while you defend your audit, even if you win.
These IRS agents are going to harass a lot of small businesses. Pumpkin, you are probably thinking of “mom and pop” businesses – florists, restaurants and other one-location retail shops. I’m thinking of “micro- mom and pop” business – selling hand-painted pictures on ETSY, selling cool baseball caps on a Shopify store, cooking up a load of street food and standing near a concert. These people are going to get railroaded by the Dems so they can waste money on climate nonsense for insider scum and more social spending for the bottom 10% (not the middle 80%).
The micro mom and pop is a huge emerging trend and partially responsible for why the US averages $161,000 per year of GDP per worker.
Ex- You are way overstating it, her chances of getting any votes in 2024.
Cheney could run as in “independent” if she had money and an organization in all 50 states to get her on the ballots. It won’t be any of the existing ones. For example there are six qualified political parties in California. American Independent Party,Democratic Party,Green Party,Libertarian Party,Peace and Freedom Party
and the Republican Party.
Which one of those are willing to take her on fund her and get the signatures etc required to get her on California’s ballot especially with her voting record?
9:18 $$Her Dad$$
Plus with 5 months left on the Jan 6 committee she’s
very dangerous to the GOP.
The left knows they’re hypocrites, we know they’re hypocrites, they know that we know they’re hypocrites, they know that we know that they know they’re hypocrites and yet, they’ll continue to be hypocrites because they… don’t… care.
Crushed,
Corrected – you mean IRS might uncover alot of tax cheats. This is what separates us from Greece. Mom and Pop can go f* themselves if not disclosing income or paying illegals off books.
Cheney doesn’t draw even 30% of republican primary voters in Wyoming.
Like Fast Eddie, I cannot wait to see the scoreboard for the November midterm elections. Hopefully, then the R’s use their power in congress to shine light on the ongoing deep state and the myriad ways it does not serve regular Americans.
I’m no longer religious but amen brother.
“Buying a house at the peak and watching it drop 15% over a few years is still cheaper than a divorce in most cases.”
I don’t cheat on my taxes.
My money gets neutered at the source.
Cheney is to Trump as the alphabet people are to Democrats.
I think many are misconstruing what the intent of the legislation was and online marketplace transactions. Are we sure the banks just did not want to kneecap the NON BANKS? Venmo and the Paypal mafia as well as Apple pay, and Google pay and other digital payment companies that aren’t banks? We are taking tens of billions in revenues that Paypal for example makes every years on the fees they charge, and the fact they have expanded into debit cards and even loans?
IRS Form 8300 for cash transactions etc is not required for checks, credit cards and wire transfers. That is the realm of existing bank reporting already under the bank secrecy act.
Don’t get sucked in. Think Pumps. He is just a troll. Nothing more.
3b says:
August 17, 2022 at 8:16 am
Fab: The Republican Party is not my party. I have been an independent since day one. You seem to have a problem with that, as in your view one has to be Repub or Dem. And, yes, I would have voted for Bernie, as I believe it would have shaken up the establishment on both sides.
I criticize the Repubs and the Dems. I have said for years I think young Bush was one of the worst Presidents we have ever had. I was against the war in Iraq, and Afghanistan. I also did not vote for Trump, either time, nor did I vote for Biden. I think at the moment the Dems are at their height of their hypocrisy, with their faux concern for the everyday American. You follow and defend the Democrats no matter what. I have never once heard you criticize the Democrats. There are Democrats here, who have criticized their own party. I get the feeling it’s your belief if one does not like either party, then they are suspect, and must automatically be a closet Republican. That’s just simply not the case.
Bang Zoom to the moon Alice! BBBY at the open 26.09 up+5.44 (+26.34%) and already 3 million shares….MEME kids my arse.
That cretin Musk with PayPal destroyed Ebay.
Musk always likes sucking govt co cck.
Hey Govt, I’ll create PayPal, you can tax, then I can afford to start Tesla. As long as you allow me a tax break on every car and factory for that as well.
You are someday useful idiots to keep believing these hoaxes. Most people would have tuned out after the first dozen or so. They’ve entered flat earth territory.
One thing the hoaxes have done is kept trump relevant. It looked like he was fading but now he’s right where he wants to be which is 24×7 exposure.
A little something for everyone in this, democrap or repub.
https://youtu.be/30hmCcs4nZI?t=23
Trump is Jesus now, he just resurrected Sarah Palin from the political graveyard she has been buried in for 14 years.
Chgo: Point taken. I will ignore going forward.
“I could easily have done the same again,” she said. “The path was clear. But it would have required that I go along with President Trump’s lie about the 2020 election. It would have required that I enable his ongoing efforts to unravel our democratic system and attack the foundations of our republic.”
“That was a path I could not and would not take.”
Still. Thinly traded late August market. Think week between XMas and New Years.
Makes sense this kind of stuff happens now.
If BBBY doesn’t issue equity into the teeth of this, the entire Board should be fired immediately. They have 72 hours to comply.
Juice Box says:
August 17, 2022 at 9:31 am
Bang Zoom to the moon Alice! BBBY at the open 26.09 up+5.44 (+26.34%) and already 3 million shares….MEME kids my arse.
“Trump is Jesus now, he just resurrected Sarah Palin from the political graveyard she has been buried in for 14 years.”
Haha. So true.
Just look at the millions Americans give to that preacher Kenneth Copeland, or the money the Catholics give to pay the lawsuits over their buggering priests.
Trump may as well be Jesus.
I know a state auditor who sells collectibles on eBay and Amazon and other platforms. He thinks the people who sell enough on platforms like that to get 1099s have nothing to worry about as long as they report their income and have kept track of mileage and expenses. He thinks the people who sell stuff on Facebook and Craigslist for cash and sell stuff at flea markets are ones who are going to get nailed. I wouldn’t be surprised if there are enough new agents they will scan vendors license plates at flea markets and see if they report any income from flea markets. He also thinks people who take lots of cash like hairdressers and lawn maintenance and mom and pop restaurants will get audited.
“I was against the war in Iraq, and Afghanistan.”
Anti war? Now that isn’t patriotic at all.
War is what gives most older Americans a priapism when all else fails.
I’m not sure what happened. A portal must have opened to a parallel world, but Liz Cheney is now a hero of the left.
They might be the strangest thing to come of the trump era. Even odder that the left abandoning free speech, embracing the security state perpetual war, becoming the elitist party, etc. bizarro.
I would have tight pulling the handle on the cheneys is something we all agree on.
HMB,
That’s because, being a state worker, he is too lazy and inept to tackle a corporation and the real accountants that actually hide the big dollars.
Please don’t take me a lazy man….
https://youtu.be/LgUw4E2xCmc
I’m sure cash only pizza spots like Kinchleys are chitting their pants. Charge enough for pies…should be paying taxes on the total income just like I have to.
I would have tight pulling the handle on the cheneys is something we all agree on.
I’ll pull that handle if it ejects them somewhere but here.
It’s hilarious when small business owners cry about paying taxes. I have to pay taxes on this? Yes, it’s called income.
You think workers like paying it out of their earnings? Welcome to the club.
It does make sense for her to run for prez. She will be a democrat front runner. Perfect match for their platform.
Pumps – Any business doing cash only for pizza etc is just trying to avoid the credit card fees. Is there some skim going on? Sure a bit after all cash is cash, but you have to remember the state wants their money now and right now. The state tax authorities will be after cash only business way before the IRS would ever come around. Monthly payments and quarterly Sales Tax returns to the state. Miss payments and filings or they think you are cheating the sheriff could come by to padlock your business and seize everything.
Two hundred and forty six years have elapsed since America threw tea in Boston.
Effing hypocrite country. Cried about paying taxes. Had a hissy fit over it.
Alex Hamilton endorsed stealing trade secrets from Europe, it’s how America succeeded with the industrial revolution, espionage. Now, being the hypocrites they are, they complain about China doing the same thing when in reality, American boomer run corporations and businesses just leave it over there for the Chinese to copy.
Nothing has changed. The nut didn’t fall far from the tree after all.
Juice,
I agree. State is way more aggressive.
The Great Pumpkin says:
August 17, 2022 at 10:03 am
I’m sure cash only pizza spots like Kinchleys are chitting their pants. Charge enough for pies…should be paying taxes on the total income just like I have to.
Pumpkin, you will be audited on your 4 family house, you couldn’t even tell me what you paid for your last state inspection. Does not sound like your records are to good or complete.
I ran off all my buildings for the last 18 years off of the computer, every single piece of information is on record.
Good luck on your coming audit! Maybe keep some valium handy.
Like Tulsi is now a hero to right, filling in for Tucker? Give us a break.
Then waste your time auditing me. What are you going to get out of it?
I ran off all my buildings for the last 18 years off of the computer, every single piece of information is on record.
Lucky for you that you didn’t marry wrong. My computers all “disappeared” in my divorce.
I don’t have records of almost anything. Not even of the estate from my father. Or my resume. Or tax records. Or my photos or my daughter when she was young.
If you have another human living at any domicile you reside at, best keep a copy of everything somewhere else. One lie and with the help of law enforcement you will never see it again.
All of you “blue line” lovers, many Repubs, just look at what they are doing to Trump.
And he thought they “loved him.”
The same establishment hoax machine tried to destroy tulsi. It’s not hard to see why she left. She was persona non grata to the endless war censorship lobbyists block. The people who you are carrying water for.
I don’t agree with everything she says but I would gladly change her ideology for Liz. You can keep her.
9:21 . . .
Bystander, you are standing with Pumpkin on this one. Let that thought sink in.
If these agents are catching people who are not reporting income, then that’s fine. The concern is that they will harass and audit people WHO ARE reasonably complying with our convicted tax laws but the audit costs and time are absolutely not reimbursed. Anyone who has non-W2 income has a target on his back right now.
The other concern is that amongst our smallest businesses, like a side hustle that makes $5k profit per year at flea market. Is that really someone you have bloodlust for? But, we will not address the huge-scale tax advantages I’ve mentioned above (Carried interest, stepped-up basis, estate tax exemption at $20m+, the tax advantaged capabilities of trusts, offshoring to Ireland for massive corporations).
I suppose to state it frankly- the establishment wants to kill small businesses because ETSY people are not sophisticated enough to change their residence to a favorable tax country. And, if you mess around with the big money things, then substantial capital will flow offshore. So, we need to fund our crazy and wasteful government spending (including outrageous military spending) by burdening the little guy, even at the cost of lowering GDP growth and opportunity in America.
The establishment won’t do the opposite and encourage small scale private business- maybe excepting $2,000 of sole-member llc income per year per person for bona fide business operations. Maybe the Venmo and zelle 1099 should be hitting at $10k or $20k year (REMEMBER: that’s gross revenue, Venmo doesn’t know how much of that is profit and some businesses might be profiting $2k on $20k in gross sales).
Not partisan on this – doesn’t seem the establishment R’s have any energy against this nonsense. The establishment R’s, I suppose, would have the USA have a China style financial system – the government can see every flow of funds. They can see middle-aged men’s only fans spending and whatnot, along with who bought a sex toy at romantic depot on route 23, along with every payment made to a mom and pop gym or shoe repair store.
10:08 look she’s who she is and Americans ducking love thatX
Crushed,
You are making a big thing out of nothing. Like seriously.
Do I like paying taxes. No. Should we have a simplified one sheet tax law. Sure.
I think people are overreacting with this tax law. If state auditors didn’t get you, are you really scared of the IRS? IRS is going to chase people making 5k in cash on the side? You are insane. If this individual is scared of an audit, they should just pay the tax on it.
Funny how one thing they didn’t put in the bill is any law going after states like South Dakota where the real tax money is hidden.
*convoluted tax laws
Also, since I am typing an extra message due to my typo – let’s not forget how state governments screwed small Main Street businesses by keeping them closed during covid while Walmart was deemed essential and permitted to be open and crowded.
And, $5T flushed down the toilet on endless wars but we need to shake down the guy selling 16 t-shirts per month on a Shopify store.
Tax Story. So when we left NJ we sold everything
that wasn’t nailed down to enter a housing market
that was roughly 2.5x what we’d paid for our place in
Sweeet sweet W.O. G-d I love that f-ckibg place.
We overlooked account of some value.
Not I intentionally mind you. Just the taxes
weren’t taken out etc. etc.
Cut to 2 years later Christmas Eve. No lie.
Get a letter asking for $80k.
10:31 . . .
Right, how far do you Take the reasoning . . .
only criminals don’t let the police search their house or car.
If you’re not guilty, then why would you remain silent at police questioning?
The government should be allowed to listen to all private communications and private transactions, because . . .
Well, to me, this is in-American and the government needs restraints from using its power against people, In both the criminal context (search and seizure, rights of the accused), censorship context (the Biden admin should not be leaning on twitter to silence covid skeptics, like the Berenson case), or tax compliance (the IRS can use its algorithms or it’s informants, but it doesn’t need basically universal 1099 for all transactions or double the number of agents).
$22 billion dollars in tax revenue to come from those earning less than $200,000 per year. CrushedNj spelling it all out in a few posts above. Go ahead and claim corps are now going to pay their fair share at the passing of that $739 billion Felatio Reduction Act, that cost will be passed on to the lower middle class on top of crushing inflation. No worries though, the dems care about you, all you simply need to do in return is give them your vote. Now, back to Trump!
Crushed,
You know who they are really going after? Get this…big tax cheats. You know how many f’ed up people there are out there? If you are not one of them, why worry? Sounds like you been cheating on your taxes big time, and are now scared.
They are not going after small town cheats that cheat the govt out of a couple thousand dollars. They would lose money on that. You are going to be paying an IRS team to recover a couple thousand? It’s losing money. They are going after actual cheats. People that skim 25k for 10 years straight that adds up to 250k.
“$22 billion dollars in tax revenue to come from those earning less than $200,000 per year.”
Crushed,
Our government is using Pegasus against us whenever they feel like it.
It’s game over. Americans have not only bent over but pre-greased for kickoff.
Of course they want the money.
100k already “disappeared” at the time of the arrest, now coming back for the last 50k.
https://www.nj.com/passaic-county/2022/08/prosecutors-seek-to-seize-50k-from-woman-charged-with-having-19k-oxycodone-pills.html
Does anyone even bother perusing the IRS reports to Congress and really everyone else as it is all online? The rosy IRS estimates are a $600 billion annual gap between taxes legally owed and taxes paid.
The highest income tax payers the 1% are estimated to account for fully 28 percent of the tax estimated tax gap or 168 Billion.
The remainder is everyone else by far most of that is underreporting income, about 400 Billion from everyone else….non-filers is only about 38 Billon.
Here are some rough estimates and examples of what they will be after by the underreported income categories that amount to something like $400 billon annually.
Non-Business Income 13% (rental income anyone?)
Business Income 25% (cash under the table)
Adjustments, Deductions, Exemptions 4% (yeah we know what this is)
Filing Status 1% (Single, Married etc)
Other Taxes 1% (paying the housekeeper under the table)
Unallocated Marginal Effects 2% (Bad math)
Credits 10% (Did you really donate $1000 worth of clothing?)
This is for individuals folks. The estimates from the IRS for companies with assets of more than $10 Billion is paltry compared to individuals.
At this point we should skip the additional audits and begin to simplify the tax system and eliminate any chances for cheating on deductions and income sources for you see it’s not only the wealthy that cheat..
Hey, imagine this. We wouldn’t have to pay for the IRS if people didn’t cheat others. So much money could be saved. Too bad people are scum bags…they will always let you down.
This…🙌🏻
“At this point we should skip the additional audits and begin to simplify the tax system and eliminate any chances for cheating on deductions and income sources for you see it’s not only the wealthy that cheat..”
I have no problem with funding the IRS so they can go after more tax cheats.
Every dollar not paid by a tax cheat is another dollar that honest tax payers have to pay, or that goes to increasing the natl debt.
But I’m the guy who reports my untaxed out of state purchases on my state taxes.
Any of you guys have a health savings account (HSA)? In NJ earnings on HSA investments are taxable. I report those too, but I bet a lot of people don’t.
The Great Pumpkin says:
August 17, 2022 at 10:24 am
Then waste your time auditing me. What are you going to get out of it?
Guess what you have owned your grammys multi over 20 years, how often did you buy something (fridge stove etc) and charge it to the building?? I am sure the Feds would love to audit you, easy pickings. Then they will also check out you and your wife’s deductions opening a wasps nest of problems. Good Luck Humpy ….you WILL need it, and the fed will spend thousands to get back hundreds, because its all our money anyway. Enjoy your audit . OH the irony.
Oh BTW the IRS loves referrals and will pay you 15%-30% as a reward for what they collect.
Here are the current rules under the 2018 law.
What are the rules for getting an award?
Internal Revenue Code (IRC) section 7623 provides for awards, in some cases mandatory, when the Internal Revenue Service (IRS) takes action based on a whistleblower’s information. Claims for award that provide specific and credible information regarding tax underpayments or violations of internal revenue laws and that lead to proceeds collected may qualify for an award.
The Bipartisan Budget Act of 2018 defined proceeds as penalties, interest, additions to tax, and additional amounts provided under the internal revenue laws, as well as any proceeds arising from laws for which the IRS is authorized to administer, enforce, or investigate. This includes criminal fines, civil forfeitures, and violations of reporting requirements.
In general, the IRS will pay an award of at least 15 percent, but not more than 30 percent of the proceeds collected attributable to the information submitted by the whistleblower. The award percentage decreases for claims based on information from public sources or if the whistleblower planned and initiated the actions that led to the noncompliance. Awards will be processed as either a section 7623(a) or 7623(b) award.
To qualify for the IRC section 7623(b) award program, the information must:
Relate to a tax noncompliance matter in which the tax, penalties, interest, additions to tax, and additional proceeds in dispute exceed $2,000,000; and
Relate to a taxpayer, and for individual taxpayers only, one whose gross income exceeds $200,000 for at least one of the tax years in question.
If a submission does not meet the criteria for IRC section 7623(b) consideration, the IRS will consider it for the discretionary program under IRC section 7623(a) of the Code.
Dr. Doom is at it again. He says recession will be long and severe, with financial distress across the board.
In other news, Fed July minutes released at 2:00 PM. Chatter is the tone will be hawkish.
Juice,
The 168 billion is from those who can afford to pay it without breaking a sweat.
The 400 billion is from those who, for some, are barely getting by, or can only afford a vacation every couple of years.
Make me a billionaire and I promise, without a doubt, I will let them audit me all day and take what they want.
I’m sure those billionaires are really upset about not being able to afford to buy braces for their children.
Pumpkin,
With 99% certainty, an aggressive audit of you would both result in (1) you owing extra tax plus interest and penalties, and (2) a big headache for you.
-over the last six years, you probably bought a toilet part for, say, $20 at Home Depot for your rental. You have the credit card statement, but you lost the receipt. Well, now you can’t substantiate the expense, so you owe an extra $7 in tax plus penalty and interest. How can you prove you didn’t buy something personal, rather than for business, for $20 at HD?
-you bought a wheel barrow for your rental. It cost $150. You deducted it as a business expense. IRS says nope- you should have amortized that over a five year useful life. So, you owe a few bucks in tax plus interest, etc
-is your mileage log perfect for every trip to your multi over The last six years?
Silly examples, but for big tax cheats, the IRS already has thousands of agents. Does it need 2x the number for big tax cheats or is that extra staff aiming at marginal stuff? Well, the stated goal is literally people making less than $200k.
Finally, I’d prefer less surveillance by the government on all sides – less wiretapping, less of the stuff that Snowden revealed, less Pegasus, less China-like, all-around. Also, less burdens on small business of all stripes. Bystander said let’s not be Greece. Well, I say let’s not be China (100% surveillance and no civil liberties) and let’s not be Tunisia (so much harassment of small business owners by government authorities that a street stall fruit seller lights himself on fire and sparks the Arab Spring).
P.s., maybe you can deduct a wheelbarrow in one year. I don’t know. Maybe a CPA knows. But, often, CPA’s have conflicting opinions AND that’s among people dedicating their lives to the tax code. How can Main Street Marty possibly know it all.
“In 1871, the magnate “Commodore” Cornelius Vanderbilt created Grand Central Station”
A place where thousands of people go to get to their destinations, a magnificent work of art that I personally have admired since the first time I stepped in the place.
OTOH you now have the maker of a zzbook, Zuckerberg.
No one would ever think of calling him a “magnate.”
Created tracking software, collecting data, having children commit suicide over bullying on his “platform.” People ranting on it all day, ratting on neighbors, whining over having a neighbor’s dog poop near their sidewalks. Loaded with false information and allegations to create infighting.
Today’s wealthy individuals are worse than the ones in the past.
“Finally, I’d prefer less surveillance by the government on all sides”
Not going to happen. The beast needs fuel to stoke the oven.
“Lets define sides. There are two sides – the cult and non-cult.”
When you wear red goggles, the world is either red or a monochromatic blur of near black…
It is your choice and obsession to view the world that way. Not mine, and I don’t.
My base coat is flyover, middle America…there are few things more repugnant to that cohort than New Yawkers, and especially slippery, overly loud, too finely coifed New Yawkers with ostentatious displays of wealth…yet more than 70 million of these people voted – twice – for someone of that description…
Aside from the fact that half of anything (registered voters in this case) definitionally can hardly be called a ‘cult’ the most important question lost in your TDS monochromatic blur is ‘why’?
And why was Cheney so embarrassingly defeated last night – with Democratic crossover votes no less – in a State where she has deep roots, political history, huge financial advantages, and had a direct pathway to national Party leadership? Literally, when was the last time someone with that profile lost anytime, anywhere?
The answer is not Trump.
Until and unless the Parties – both of them – stop focusing on the person and personality and address the core issue then these events, and snake oil salesmen like DJT stepping into the void, will continue to occur with increasing frequency and tone.
74 million people of mostly middle America background did not vote for DJT. They voted to repudiate the Establishment of the two Parties.
And since I did not see it mentioned here did it escape notice that the face of the FOURTH generation of Bush in politics lost his primary bid in Texas to become the Republican nominee for State AG?
Times are changing. Blame it on mass delusion of half the populace toward one off-balance individual at your own risk.
Crushed,
I personally have never met a small business owner/landlord that doesn’t cheat on their taxes. If you get caught, you get caught. You took the risk. That’s on you. Can’t get mad at the govt for an audit if it raised a red flag. The odds of an audit are still in the tax cheats favor, hence, why they take the risk.
Bingo. Post of the day.
“74 million people of mostly middle America background did not vote for DJT. They voted to repudiate the Establishment of the two Parties.”
Pumps,
I have a W2, and have an accountant do my taxes who is a professional and doesn’t make mistakes.
I have received bills from both the IRS and State that claim I hadn’t paid in the past.
He made them go away. You know why?
Cause I had paid.
They are stupid government workers who make mistakes and threaten you as what recourse do you have against them that isn’t going to cost you more money than what they bill.
Like a mistaken parking ticket.
Most IRS audits are correspondence style and represent fishing trips. Usually some mismatch of database records. Generally though the audits are in the neighborhood of being correct or at least directionally correct. The amounts can be annoying but not eye popping.
Hmmm maybe Mike Pence will talk to the Jan. 6th committee afterall.
“74 million people of mostly middle America background did not vote for DJT. They voted to repudiate the Establishment of the two Parties.”
Pure bullsh&t..most of 74m simply pulled the lever on R like they always do. Romney got 61m..geez.
BREAKING:
Liberals will now be identified by the gender verb combination of “has/been.”
Leftwing,
I agree that Trump was only able to be nominated and elected because the voting public is seriously disillusioned. I do not agree that is why all those people pulled the lever for Trump in 2020. Many of these people love Trump. They like his bad behavior and inappropriate mouth. Many of them would have never bothered to vote if Trump was not on the ballot. Sad but True.
Fed minutes : They need to get rates to restrictive levels, to fight inflation.
I told you my IRS story. Back in 2006, I sold some stock $10k at a $3k loss. That was my only transaction for the year. I didn’t care to fill out the form so I just didn’t declare the loss. They audited me and told me that because I didn’t fill out the form, they treat it as 100% profit of $10k and a purchase price of $0. Meanwhile, you had to fill out all kinds of paperwork giving them access to your brokerage so they know how much you owe. They know the purchase price was $13k, but instead, they were trying to con me like I was stupid. Most of these low level employees are a glorified shake down crew.
About 10 years ago, one of my coworkers was coaching a high school sport as an assistant. Our cheap district didn’t want to pay the assistants. The parents of the kids, at the end of the season, gave her a cash gift, which was $2000. She deposited it. IRS came calling asking about the deposit. She told the guy what it was. The guy on the line said, “sounds to me like you did a job and were paid for it”.
OC1 says:
August 17, 2022 at 11:24 am
“I have no problem with funding the IRS so they can go after more tax…”
OC and the other Dem stooges here are literally among the dumbest people on earth. You guys (expect maybe Ex) work for a living, pay your taxes, and appear to be intelligent enough to see the obvious incompetence and wastefulness of government at all levels, and yet you buy the nonsensical Dem spiel that the ‘problem’ is that gov doesn’t have enough revenue. Newsflash: the 80000 additional government employees and 80 billion dollars that the useless dopes that you elected, have just signed us up to pay for, still won’t be enough.
Ears burning. My mom says I’m smart.
So SGC how is turning the Country over to a grifter/conman help eliminate gov. Waste?
“Many of them would have never bothered to vote if Trump was not on the ballot. Sad but True.”
.,,and they don’t realize the opposite. He got millions to come out and repudiate him. That is the conundrum that Rs face. While he entertains the lowly educated middle masses ala the Apprentice, he draws the hatred of many people who would normally not care about voting. They have really lost women in mid-west who took a chance on him in 2016, plus younger women who came up during his misogynistic reign. All getting ready to vote again. The Rs disgusting stance on women’s rights will be their undoing. Kansas showed that a few weeks ago.
Ex says:
August 17, 2022 at 3:24 pm
“how is turning the Country over to a grifter/conman help eliminate gov. Waste?”
Not sure if you’re referring to the Clintons or the Bidens, but your insinuation is correct that neither of those grifter clans was/is terribly interested in eliminating waste. Although in fairness, Slick Willy, while certainly a grifter, would have to be considered relatively fiscally responsible compared to the radical leftists that now control the Dem party. T on the other hand has laid out an agenda that clearly targets the wasteful swamp…
https://www.govexec.com/workforce/2022/07/trump-reelected-aides-plan-purge-civil-service/374842/
Tell me exactly how many of each of those POTUS staffers have been indicted and convicted of crimes?
Which means what?
When the fbi “investigated” Hillary’s server the first thing they did was to give her staff immunity. Then Comey an exoneration memo before they interviewed her or completed the investigation. Real credible people at the fbi.
Makes you wonder how many Biden scandals they killed over the years. Must be scores. They are just swamp enforcers.
BREAKING
“ Allen H. Weisselberg, who for decades was one of Donald J. Trump’s most trusted executives, is expected to plead guilty on Thursday to a long-running tax scheme at the former president’s family business — a serious blow to the company that could imperil its chances in an upcoming trial.”
Who?
You forgot game changer, bombshell etc. like the tds people have been parroting for six plus years. No one cares but the tds people.
History Rhymes folks…..Trump is shades of Hillary coverup.
Hillary was never charged with Espionage, obstruction, or perjury for the cover up.
Remember when everyone found out about the home brew server she had her lawyers print the emails that they deemed relevant to her tenure as Secretary of State and deliver them via boxes to the State Dept. This was ALREADY two years after she left the government and nearly six years after National Archives and Records Administration (NARA) blew the whistle. The original data which is government property including some perhaps deemed personal are still missing to this day.
BTW Hillary’s confidants and lawyers when the printed and reviewed all the emails were not cleared for TSI or classified access.
The security referral to the FBI’s counterintelligence office is when the rubber met the road and Comey and Lynch went into action and tried put it to bed which they tried to do….in June/July 2016.
However when the emails were found on Weiner’s laptop later all Comey could do is attempt to save face. He failed miserable and Hillary lost the Election.
BTW – History Rhymes lets see if Trump and his lawyers makes similar mistakes. FBI’s counterintelligence office (same people that looked into Hillary are on the case).
Let’s see how it plays out.
Too bad there is no edit here. I should have said rubber meets the Tarmac and a slick Willy, with all agents told to clear the room for a conversation about “family” LOL!
Case against Weisselberg is “off the books” comp over 15 years amounting to about 1.7 Million. Paying tuition for grandson as a perk. Weissenberg’s apartment and cars as part of compensation etc, classic two sets of books….
More common than one would think. I know companies reimburse Execs lots of expenses especially the board and C-Suite…all supposed to be ya know for business etc which is ALL Malarky…
Tighten the rules in the tax code, no more taking private jets on vacation stop along the way with family and reimbursing at commercial flight rates. This is super common.. Heck aren’t we going green? Get rid of Private Jets as an deductible expense…
BTW – There is allot of corporate and personal tax malfeasance out there. I don’t think anyone here does not think there is. What will this huge number of IRS agents actually be allowed to do? It won’t be arresting people that is for sure. Once an IRS special agent finds some laws broken then are only allowed to write a report then it’s off to the IRS lawyers to refer it for prosecution to the DOJ, then the investigation is completely managed by the DOJ prosecutors and the FBI.
That perhaps needs to be changed….IRS should be given their own powers to bust perps….
Who?
LMAO!
BTW – another treasure trove on Wiener’s laptop..Hillary claimed only about 30,000 emails. FBI however reported over 340,000 emails between Hillary Clinton and Huma Abedin alone on the laptop. That is allot of chit chat about family
Op-Ed
OPINION
Chicago’s Obama Center Is Under Water
It doesn’t have the money it promised the city it would raise under a May 2019 master agreement for the Jackson Park property.
By Richard Epstein and Michael Rachlis
Aug. 17, 2022 6:37 pm ET
We have been fighting the construction of the Obama Presidential Center in Chicago’s historic Jackson Park for the past four years. The center, which is scheduled to open in February 2025, is being built in a dangerous place. The water table is high enough to require constant drainage—a peril that will be compounded by major storms off Lake Michigan. An award-winning alternative design on private land west of nearby Washington Park would be less costly and safer to build and would provide far better access to the South Side community that is the center’s target audience.
The Obama Foundation just released its annual report and 990 tax forms for 2021. Together they show that the Obama Presidential Center’s financial foundations are as rickety as its physical ones. The Foundation’s 2020 annual report exhibited some financial candor, estimating that $300 million in annual donations for four straight years would be necessary to meet all future construction and operating costs. The 2021 return revealed that the foundation had raised only $159 million, about 8% less than it raised in 2020. Those dollars must pay for all foundation activities, including payroll, fundraising, public relations, and scholarship and grant programs.
The foundation also reported that last year it spent about $115 million on construction costs, without indicating either the total project construction costs or the estimated timeline to completion. It is crystal clear that no sudden reversal of fortune will allow the foundation to meet its 2020 targets (adjusted for inflation) of raising more than $1 billion.
Last year the foundation needed to do some fancy accounting footwork to close on the Jackson Park property. A May 2019 master agreement with the city contained two strict “condition precedents.” Under the first condition, the foundation had to certify that it had “received” more money than the anticipated cost of the building as of March 2021. The foundation barely appeared to meet that target, but then insisted that it wasn’t required to retain those dollars for constructing the building. What, then, was the point of the condition? As its own cost estimates ballooned from $350 million in 2018 to about $700 million in 2021, the foundation ignored its contractual obligation to update its financial projections before closing.
Under the second condition set by the city, the foundation promised to establish an endowment to cover the center’s operating, maintenance and improvements. In 2020 the foundation claimed the first year of operations alone would cost $40 million, and that it needed to raise $470 million for such endowment. In June 2021 the foundation contributed a mere $1 million to the endowment, thereby ignoring the universal accounting convention that bare promises to raise money never constitute an endowment: Cash and firm pledges are always required.
The foundation’s failure to meet these two conditions meant that the 2021 property transfer should never have happened.
The nonprofit Protect Our Parks, which we represent, has challenged these actions in pending litigation. In January U.S. District Judge John Robert Blakey rebuffed our challenge by holding, incorrectly, that Protect Our Parks sued as if it were a party with rights under the master agreement. In fact, our submissions made clear that we sought to block the transfer solely in our capacity as Chicagoans. Procedural obstacles have prevented an immediate appeal of this ruling without the district court’s approval, which was requested and denied.
Working through cumbersome legal channels to untangle these issues will take months or years. Yet construction on the Obama Presidential Center goes forward, evidently without the funding to back it. Does the Obama Foundation have the financial wherewithal to complete its project? Any private developer would have to prove this, especially for a project affecting such a substantial piece of publicly owned park land in the center of a major U.S. city. Construction should be paused until the foundation proves it is complying with the key terms of the master agreement. If we are correct, it should never have broken ground.
“Liberals will now be identified by the gender verb combination of “has/been.”
Now that it is funny.
Re: Weisselberg, he seems to tie in two threads here…first, the ‘serious blow to Trump Org’ is highly doubtful. He cheated on his taxes, the corp cheated on their taxes, and they’ll both be found guilty. He’ll do de minimis time, make restitution, and pay a fine. Corp will be found guilty and likewise fined and promise some changes. He specifically is not cooperating with investigators into the DA case against Trump, he and his legal team won’t even take their calls.
Second thread, the tax cheat side…Weisselberg got a ‘company’ car, a ‘company’ apartment, and (unbelievably stupidly) company payments for his grandkid’s education. No taxes paid on any of it. Do not pass go, do not collect $200….
I’m sure all of us here know at least one person in most likely the first category in NJ…hell, I know members of two separate family owned businesses where each sibling has a ‘company’ car…S500s, high end BMWs, or G-Series….used exclusively for ‘company’ business of course…ooops….How about lavish graduation parties where some business associates, a couple service professionals, and a customer or two are among 150 or so guests…business outing right? Or those corporate boxes my kid was always invited to by C-level exec kids full of just a bunch of 17 through 21 year olds…I’m sure dad reimbursed the company, right?
My personal fave, since they are absolute douchebags on the road, are the contractors/landscapers/cops-turned-part-time-handymen/firemen-turned-snowplowers driving new fully decked out F150s every second or third year…those are personal cars, right?, not bought with an immediate 100% accelerated depreciation writeoff for the side ‘business’, nope, sir…IIRC company owned cars are actually supposed to be licensed as commercial vehicles and display ‘prominently’ company name/logo somewhere on the exterior…don’t recall seeing many…
Feds want an easy start? Hit everyone who took an accelerated depreciation on a higher end car/truck and confirm that vehicle was business use only. If not, there’s about $25k of missing taxes to the Feds right there per vehicle.
Don’t even get me going on private flight…..anyone want to have a look at the manifests for those business meetings in ‘Denver’ in February that somehow seem to take a week?
When I had my own businesses I never skated anywhere near the line…my accountant thought I was nuts…”but you’re leaving this on the table, how about this…”. My question always was is there any grey area or room for interpretation…if the answer was ‘yes’ my reply was ‘pass’….it was just not worth the hassle or tail risk.
The shit that I’ve seen flow through private company financial statements preparing them for IPO/sale is just….
Never talk to the IRS directly. Always allow your tax preparer to do it for you.
It creates an entirely different vibe. The tax payer generally has a difficult time staying objective. Doesn’t really know the rules. Probably will say things that can cause even more trouble. The IRS agent will also assume that you are a cheap, ignorant & sloppy cheater. Using a third party can create some space and the ability to blame shift/plausible ignorance of rules.
BRT says:
August 17, 2022 at 2:59 pm
IRS came calling asking about the deposit. She told the guy what it was. The guy on the line said, “sounds to me like you did a job and were paid for it”.
When the non-traded REIT market blew up. American Realty Capital et al., there where clearly instances where corporate expenses included large expenditures at strip club and (allegedly) related “services”.
leftwing says:
August 17, 2022 at 7:22 pm
The shit that I’ve seen flow through private company financial statements preparing them for IPO/sale is just….
“OC and the other Dem stooges here are literally among the dumbest people on earth.”
Is this what it’s come to? Wanting people to pay the taxes they owe according to the law makes me a “Dem stooge”?
left, student of mine’s father works for Goldman Sachs. Kid apparently pulled a 30k NFT from NBA topshots. His dad sold it under his LLC for tax purposes.
I was fortunate enough that it wasn’t a complicated issue and told the guy, once I fill this out, they would owe me more. And, I did get $200 additional back. But, just watching them trying to trick you into paying was distasteful. I can only imagine how may suckers there are out there that just pay them when they come calling.
I think Joe O’Biden is an NFT.
Be that as it may:
https://youtu.be/cSdjo0W4Tvs
Asked about those words, Bannon expressed no regret. “The entire political and media establishment predicted Hillary Clinton would win by a landslide in 2016, but President Trump proved all the doubters wrong by running the most hard-hitting campaign in political history,” he said in a response to Mother Jones. “We killed off the Clinton Dynasty by beating her campaign day in and day out with unmatched passion and unrelenting intensity never seen before in American history.”
In the 2020 meeting, Bannon also described himself as tougher in his use of negative information than Trump, who he said “actually has a big heart. He’s kind of soft.” Bannon also said Trump “is like a little boy” because “he thinks the vaccines are magic.”
Bannon’s comments, which went on for nearly 58 minutes, were an elaborate exercise in projection and rationalization. Like many cynics, he justified his own malfeasance by asserting that his opponents did worse. Democrats, he claimed baselessly, “steal elections all the time.” Republicans should respond, he suggested, by cutting off counting before all votes, particularly mail-in ballots, had been tallied. Bannon, a self-styled champion of populist democracy, wanted to disenfranchise Americans he disagreed with.
Bannon predicted that “there is essentially gonna be a riot” in DC on election night, with “20 or 25,000 antifa” surrounding the White House. This never happened. But his prognostication of violence was borne out when the lies he urged Trump to tell led to the January 6 attack on the Capitol. And his reasons for fearing antifa were telling. “What they’re trying to show is that Trump’s a fascist. He’s a dictator,” Bannon said. “He’s no better than [Chinese President] Xi [Jinping]. He’s just declaring victory.”
Here’s a full transcript of the leaked audio, lightly edited for clarity. Click on the highlighted text to read annotations:
https://www.motherjones.com/politics/2022/08/full-transcript-of-leaked-steve-bannon-tape-donald-trump-2020-election/
“Border patrol agents OPEN the gates at a crossing point letting in illegal migrants at the southern border moments after Greg Abbott’s Texas National Guard had locked them”
America is so busy fighting itself it’s surprising it functions at all.
Hard reset/adjustment of thinking.
This one will be complex but i will do my best.
You have sticks but you want shells that someone else has. But you have a limited number of sticks, which they want, as long as they are a good value (limited supply).
But – you have an evil plan – late at night, you gather a LOT of new sticks and build a huge pile.
The shell person notices that huge pile -and says, wait a minute, thats a lot of new sticks. I want more sticks per unit shell.
Thats inflation. They see you devalued your sticks
But you have a new tool – called interest rates. You can make sticks “expensive” if you make sticks valuable. And the shell trader sees they can lend you sticks youve paid in the past, and get free sticks in return. They want a lotta free sticks and it makes u’re sticks valuable
With global capital, there are HUGE sovereign wealth that is looking for yields. They want a return on capital. If interest rates are too low, well, they will limit supply of shells (oil) until the interest rate goes up to their liking.
Central banks have to adjust their policy to accommodate super rich people, in particular, sovereign oil money like saudi arabia.
Just so you know, the fed doesnt need a formal meeting to raise rates. Nor does JCB or ECB.
Here you can see what im talking about
Notice oil starts to go down once the sticks economy raises rates that are attractive enuf to get rich countries to buy them.
England (GB) is much more valuable and interesting to invest in their bonds than canada. This draws foreign capital to england bonds,pound gets stronger
I’ve added tlt (us20y and us30y)
Brits pay more than us, but they part of DXY/EU$ system
Here i’ve added dxy
DXY will go up and component currencies get stronger
But since england pays more in interest than US, USDGBP will be stronger relative to US – USD is weaker.
Stonks moon.
MBS is not a friend of Biden. Biden criticized MBS over killing of Jamal Khashoggi’s.
If Japan is the global currency regulator, saudis are the global oil regulator.
Biden cannot help himself picking fights he cannot win.
“Simply, I do not care,” the crown prince said when asked by The Atlantic whether Biden misunderstood things about him. He said it was up to Biden “to think about the interests of America”.
HUMM – somebody lends a 20 year old 25 million for a one month long moonshot on dying retailer Bed Bath and Beyond?
Cramer is right about collusion on this one. SEC is now looking at Cohen too to see if his board members were giving him inside info. They will need the FBI the SEC cannot execute search warrants.
https://www.marketwatch.com/story/this-investor-made-110-million-from-trading-bed-bath-beyond-and-hes-reportedly-a-20-year-old-student-11660814284
Day 2725 in a liberal’s head: “I know they got him now! I just know it! This time they’re going to really get him! It’s really going to happen! No really, it really is.”
The game is rigged. Rife with price manipulation from options market to insider information. Ask Pelosi.
I bet they were using their son for tax purposes. It’s criminal how many people are dodging taxes, but some reason, people only blame the 1%.
Juice Box says:
August 18, 2022 at 10:07 am
HUMM – somebody lends a 20 year old 25 million for a one month long moonshot on dying retailer Bed Bath and Beyond?
Fox News hitting Liz Cheney and the Cheney family for war profiteering and warmongering. So, much of Fox has turns against the Cheney family.
Whether it was populist right or populist left, Trump or Bernie, some of the swamp is being drained. Scumbag Bush, Clinton, and Cheney family aims being curtailed is great for the US citizenry. And, the citizenry of whatever country the scum warmongers want to invade next.
lol..
https://tinyurl.com/sk4hfk66
Any questions?
https://tinyurl.com/2p92a7a8
“Ex says: http://www.motherjones.com/politics”
LOL. Of course.
Love you, brother, you keep being you….
Liberals: They can’t create a meme because they are the meme.
“Fox News hitting Liz Cheney and the Cheney family for war profiteering and warmongering. So, much of Fox has turns against the Cheney family.”
But the Trump family crime syndicate is ok. Hilarious that Rs and Faux News now patting each other on back when they were promoting the wars as justified democracy making campaigns, cheering the bloodlust and raking in profits selling patriotism to their low IQ masses. Hint, this typical R hypocrisy at its worst, 20 years late.
“Border patrol agents OPEN the gates at a crossing point letting in illegal migrants at the southern border moments after Greg Abbott’s Texas National Guard had locked them”
Were they illegal immigrants, or asylum seekers?
Under US law, you can’t refuse entrance to asylum seekers.
Really interesting to see proof that the Biden admin was directly pressuring Facebook and Twitter to silence specific critics of their policies, and then they did it. Just call your critics a source of “disinformation”.
But people who criticize government-run Tranny story hour for first graders are the real enemies of free speech.
OC1 – Since July last year, DHS processed 1.079 million migrants stopped at the southwest border like those shown in the video above. Of that 1.079 million DHS cleared just 41,206 to apply for asylum or other humanitarian protection in the US. That is less than 5%… Vast majority are economic immigrants.
We should export out democracy and capitalism south and send the job there, raise their standard of living etc so they don’t have to leave anymore. I am for immigration my parents are economic immigrants my mother came sponsored at 17 years old and my father when he was 24 years old also sponsored, but allowing them to flood the country with 2 million annually? How is that sustainable?
SO they are saying 100 days in jail max for Weisselberg, but he will be doing it at RIKERS.. Good luck there an old rich white man you are going to need to buy protection.
“but allowing them to flood the country with 2 million annually? How is that sustainable?”
Maybe we should change our asylum laws? But that get’s tricky, because there are also international treaties that guarantee people the right to seek asylum.
Don’t have a good answer, but under current laws we pretty much gotta let them in.
Re asylum seekers-
I should also point out that they can be deported if their asylum application is denied, but that tends to take years.
The asylum policy was working better under Trump.
Under US law, you can’t refuse entrance to asylum seekers.
(Insert Willie Cicci voice here) Yeah.. Yeah.. that’s it. I’m seekin’ asylum.
Breaking:
Trump has lost Alex Jones: “I support Desantis. I can look into his eyes & see the real sincerity”
Trump has lost Laura Ingraham: “Time to turn the page”
Trump has lost the Murdochs: “Unworthy to be this country’s chief exec again”
Ron DeSantis is the new Führer-in-waiting
re: “under current laws we pretty much gotta let them in”
Not law it’s policy Biden changed the remain in Mexico policy for asylum seekers. The ones that are allowed into the program have to wait many years for a hearing in court of law, we are allowing them to live and work here while they wait. The other 95% are economic migrants, they could be deported immediately but that is not occurring either, as many are being released into the US. Vast majority are from Guatemala, Honduras, and El Salvador and will do the work Americans won’t, but there has to be a better way for you see there is no way for them to stay legally and become part of the American Dream and if they get caught up in the legal system, they will be sent home even 30 years later. Just ask Pumps about his dad or heck that knuckleheads from the real housewives who was deported from NJ back to Italy.
“Hilarious that Rs and Faux News now patting each other on back when they were promoting the wars as justified democracy making campaigns…20 years late.”
ch-ch-ch-ch-changes……turn and face the strain…..
We’ve thwarted Bushes and now Cheneys. What have you done lately?
Instead of sitting around whining like some self entitled fat ass suburban housewife how about putting some effort into NY17?
Two fucking well past their expiration date political dinosaurs in a redrawn District offers a once in a generation opportunity for an actual open, competitive seat in your sclerotic D oligarchy with a very reasonable young, competitive D running.
https://www.surajpatel.nyc/
Or, you really are more of the type to just sit around and watch Liz Holtzman enter Congress – again, after being absent for 40 years – at age fucking 81 because, well, the Board seat on BAM just isn’t taking that much time and she needs a new hobby. Representing Dems. At age 81.
But, yeah, sit there on the lard and poke the Rs for changing their party….clown.
“Not law it’s policy Biden changed the remain in Mexico policy for asylum seekers.”
“Remain in Mexico” was a public health policy enacted due to covid. No way it was going to last long term (no matter what Biden did).
Holy drama queen..and there is left, back to swallowing the Orange load. Throw all Rs over the side now if they don’t promote cult’s election lies. Ignore it all. Here is tid-bit since you are pulling back into crazy town – Biden ended Trump. He f-in lost. One term loser. It is a pathetically illogical for you to call out Trump ending Clinton when likewise Biden ended Trump. Live in your “proud” fantasy world where the Rs “did something” other than go further down in their sad holes. 74m votes truly represented the end of “establishment” rather than typical R voting. He lost, he will be indicted, he will never be R candidate again. Let that sink into your dreamworld. The sane people see right through it.
I’m on a new salt water taffy diet. Try it.
An awfully mean spirited rant for a non- Republican in defense of Republicans.
leftwing says:
August 18, 2022 at 1:17 pm
“Hilarious that Rs and Faux News now patting each other on back when they were promoting the wars as justified democracy making campaigns…20 years late.”
ch-ch-ch-ch-changes……turn and face the strain…..
We’ve thwarted Bushes and now Cheneys. What have you done lately?
Instead of sitting around whining like some self entitled fat ass suburban housewife how about putting some effort into NY17?
Two fucking well past their expiration date political dinosaurs in a redrawn District offers a once in a generation opportunity for an actual open, competitive seat in your sclerotic D oligarchy with a very reasonable young, competitive D running.
https://www.surajpatel.nyc/
Or, you really are more of the type to just sit around and watch Liz Holtzman enter Congress – again, after being absent for 40 years – at age fucking 81 because, well, the Board seat on BAM just isn’t taking that much time and she needs a new hobby. Representing Dems. At age 81.
But, yeah, sit there on the lard and poke the Rs for changing their party….clown.
Left’s party game-changer, Hageman, is about 60 (much older than Liz Cheney) and comes from political family in Wyoming. Her father was in WY house for 25 years…cue the Bowie music. I think Life On Mars is good, left. The Rs are mentally living their now anyway.
Bystander: Not that it really matters, but Liz Cheney is 56, so real age difference between the two.
Old,
Non-republican? He would not know libertarian candidate if he was standing in front of him. Politically dishonest.
https://twitter.com/MeidasTouch/status/1559958013112250376New Fox News Poll: Shift Towards Democratic Party Since May
Women: +7D
White Women: +8D
Nonwhite Women: +10D
Suburban Women: +9D
Men: +4D
Dads: +28D
3b,
Ok but left’s insult is that I should be working for younger, anti-establishment candidates (in states where I don’t reside) when he is cheering for older candidates from political families? The cult veil is thinner than lace cheese.
I’d vote Libertarian if
1) they had a chance to win
and
2) the party didn’t have so many pot-heads and NAMBLA types
Still, I voted for the Libertarian presidential candidate in 2016 (Johnson/Weld), because no way was I going to vote for Trump or Hill, and in NJ my vote wasn’t relevant anyway.
As an Ayn Rand fan, back in the 90s I knew some Libertarian party people. They were pretty much weirdos and potheads.
Ron Paul later was kind of a kook too, though I was glad he was able to inject some debate into the debates.
My primary issue with Libertarians is that while I agree with them on 95% of issues, the major issue they refuse to acknowledge is that “free trade” with a totalitarian nation of poor people doesn’t quite have so many benefits and is a major danger to national security.
Oh, Gary Johnson…
https://youtu.be/UViEdns9U54
Just got back from Cali.
Holy progressiveness.
Half of Los Angeles is under construction for the subway/lightrail they are building to the airport. Lots of nongender specific bathrooms too.
Of course, the weather was glorious and their state schools and facilities are light years ahead of ours. Really, all of their infrastructure is in pretty decent shape. It may cost a little more, but it’s worth it.
They just need to fix their homeless problem, like everyone else.
Also, drove about 600 miles. Saw three cops. The HOV lanes are the shiznit out there. Many toll roads are even exempt for two or more.
BRT,
I think a lot of people, Libertarians and not, imagined that “engaging” with China in trade and socially would change China for the better. For a while it seemed to. But it always remained a one-party state, and never abandoned the party line. I read some stuff from CATO and Libertarians back in the 90s early 2000s where they were claiming that China had more economic freedom than the US. I think they confused corruption with freedom. Just as I think they often confuse libertinism with liberty.
Now I think more people, Libertarian and not, are starting to understand that you eventually have to draw a line on which countries deserve to be your trading partners, and which ones don’t. Unfortunately now global supply chains are highly dependent on China, after letting China become embedded in world trade based on false promises (Clinton/Bush allowed them to get into WTO and MFN status). Trump deserves some credit for being the first president to point out how dependent the US had become on a non-ally, and started pushing back against it. Undermined by his general lack of coherence as usual. But extricating the US economy from China will be highly costly, not just to business but to consumers.
BTW, anyone who is obsessed with CO2 and global warming should be spending 80% of their time and attention and anger on China. They are the key country that has been and is expected to continue growing their CO2 output. Not my thing, but the data is overwhelming, yet these people obsess over stuff in the US that is insignificant in comparison. Such people today remind me of the lefty Soviet-philes of the 1980s advocating unilateral disarmament of nukes by the USA, while never complaining about the USSR’s weapon buildup.
The U.S. Attorney’s Office in Newark, New Jersey, has charged Anthony Mastroianni Jr. of Manalapan, New Jersey, with five counts of wire and mail fraud in a scheme involving fake promissory notes that cost 10 victims, most of them elderly, at least $1 million.
Mastroianni, who was barred from the securities industry in 2016 by the Financial Industry Regulatory Authority Inc., nevertheless defrauded investors from January 2017 to August 2022, the U.S. Attorney’s Office said in a release.
He falsely claimed he would generate large investment profits for them through his company, Global Business Development & Consulting Corp. Instead of investing the money as promised, Mastroianni used victims’ funds on personal expenses, including household rent, automobile payments, credit card bills and cash withdrawals.
In a related civil action, the Securities and Exchange Commission has charged Global Business Development and Consulting Corp. and Mastroianni with violating the antifraud provisions of the federal securities laws.
The SEC notes that Mastroianni sold the fake promissory notes to investors who ranged in age from 64 to 82, promising them interest on the notes ranging from 50% to 175%.
Fast Eddie says:
August 18, 2022 at 12:58 pm
Under US law, you can’t refuse entrance to asylum seekers.
(Insert Willie Cicci voice here) Yeah.. Yeah.. that’s it. I’m seekin’ asylum.
https://www.youtube.com/watch?v=bTxsGuXF7Z0
You post this, and then 7 minutes later look who shows up.
Luckily you did not conjure Beetlejuice.
Bystander says:
August 18, 2022 at 2:43 pm
Old,
Non-republican? He would not know libertarian candidate if he was standing in front of him. Politically dishonest.
Fabius Maximus says:
August 18, 2022 at 2:50 pm
https://twitter.com/MeidasTouch/status/1559958013112250376New Fox News Poll: Shift Towards Democratic Party Since May
Women: +7D
White Women: +8D
Nonwhite Women: +10D
Suburban Women: +9D
Men: +4D
Dads: +28D
Yup. At further, we potentially hamstring our strategic security and economy by playing foolish virtue signaling games.
No One says:
August 18, 2022 at 4:03 pm
BTW, anyone who is obsessed with CO2 and global warming should be spending 80% of their time and attention and anger on China. They are the key country that has been and is expected to continue growing their CO2 output. Not my thing, but the data is overwhelming, yet these people obsess over stuff in the US that is insignificant in comparison.
3:52 San José blew me away.
Thriving little city.
Here is Left’s war game changer..Ron Paul vs. Rudy. Unfortunately left’s party is now Rudy.
https://www.youtube.com/watch?v=LDrgz0ssapI
Newt wasn’t eligible for the draft.
https://youtu.be/8QJMM_btpmM
I guess we should arrest the dealers instead of the users.
No One says:
August 18, 2022 at 4:03 pm
BTW, anyone who is obsessed with CO2 and global warming should be spending 80% of their time and attention and anger on China. They are the key country that has been and is expected to continue growing their CO2 output. Not my thing, but the data is overwhelming, yet these people obsess over stuff in the US that is insignificant in comparison.