brown water

Nm

Back to steak…. Happy Halloween assholes But not to Gus

Assistant speaker or assistant to the speaker?

Try not to get indicted on the way to the parking lot

Klann Taylor

Repping the above because I wandered in to my local specs today looking for the hirsch but leaving with EHTBP. Leveling up

I am so reluctant to wade in here but… One can argue the rationale and veracity of laws in a given venue ad nauseum. At the end of the day those laws existed and someone chose to incorporate or operate subject to them. I’m a CFO of a modest sized company. When we make decisions about organization structure and corporate jurisdiction, we consult counsel who advises us on the benefits and risks of that decision. Frankly, nearly any modestly sophisticated company does the same. So I don’t really care about the equity of consequences relative to transgressions for the misdeeds of TrumpCo in NY. They chose to be subject to those laws. They leveraged the status of NYC to promote their stature. Now they have to deal with the (preexisting) statutory consequences of running afoul of those laws. It’s not complicated…

I am … Klanston

No doubt from the Q range in their lineup

Recovering CPA here… Accountants can provide 3 types of reports: Compilation = we were handed a shoebox of information and turned it into normal looking financial statements. We did nothing to question the accuracy of what was in the shoebox. It’s our client’s responsibility to provide accurate records for us to use. Review = Our client turned the shoebox of information into financial statements for us. We asked a few questions and did a few things to make sure they weren’t utter bullshit but that’s still our client’s responsibility to make accurate statements. Audit = We did a lot of work to determine if the financial statements of our client had material errors (that would reasonably impact how a user might interpret that information). We are still not responsible because that work may not find material errors and we rely on our client not lying to us. Arthur Andersen audited Enron and it, including the disclaimers, couldn’t save either firm. I know. I worked for AA in HTX at the time. The notion that Trump is asserting a compilation report somehow protects him is laughable. If anything Mazars could be at risk even though a compilation requires almost no confirmation because general ethical standards of objectivity and independence require not turning a blind eye to utter bullshit.

To whom?

Cash? Or could we use Trump’s accepted valuation approach? I’d be down for giving him 2 more Mar A Lagos and a NY apartment to keep him from office. Oh - and the trials proceed.

Must be Italian

Forgot to circle back. Agree on the above. Thx for mentioning. Hadn’t watched Guga and am finding some interesting stuff on his channel.

Certainly reflective of the genre but that’s our oldest vizsla. No doubt with worse manners that straw’s pup

Ready to go

Letting it rest for a bit before a finishing smoke

I usually do without butter. Think this is the second time I’ve tried with butter. I’ll use it for the sear too. Report back…

Dry brined most of the day and now butter poaching in the sous vide.

Yeah. Came in a bit hot yesterday evening. Sorry… Responding to point 3 - which I read to mean have higher capital gain tax rates on larger gains. My point is that large gains are often a function of longer holding periods (significantly longer than the 1 year break point for the lower gain tax rate) and because of inflation over those periods the “real” gain is smaller. Taxing big gains occurring over extended periods at higher rates could economically result in a loss to the seller

@Goofyboy this isn’t directed at you. But this discussion is frustratingly framed a free higher education. Higher education is no more free than national defense. There is a cost to provide and there is a funding for that cost. The question is who funds that cost? In the case of national defense, the assumption is we all benefit and we all fund that cost ratably via our tax dollar. No one complains about free national defense even though no one stokes a check specifically for it. In the case of education, the alignment of benefit and funding is more opaque. I believe we collectively benefit from an educated population and should use the tax dollar to fund education similarly to defense. Others believe the only person that benefits from an education is the educated individual and they should solely fund that expense on their own behalf. Still others, looking at you red hats, argue that we should preserve menial jobs (self check out at grocery stores) so that our populace needn’t pursue education in favor of relegating themselves to replaceable tasks. I’m not sure if education should be “free” or not. I am sure that stupidity will be expensive AF.

Wrong. Dead wrong. An issue with capital gains is there are 2 rates. Short term = ordinary income rates (max ~40%). Long term = lower preferential rate (max ~20%). Sell 100k stock bought last year for 200k. Pay 20k on the 100k long term gain. Sell 100k stock bought 40 years ago for 200k. Pay 20k on the 100k long term gain. You can’t measure cap gains based solely on the gain and ignore the holding period and ignore the inflation impact over the term. The 100k gains on those 2 scenarios aren’t remotely similar and shouldn’t be taxed similarly either.

ComPlain! ComPlain!

I wasn’t sure until now but apparently maga hates Hillary more than migrants.

Seeking input from the Surly steering committee. Jumped on the waitlist for this gmt master 2 yesterday. Would pay retail. Wait time TBD but guess was ~2 years. To date, my affinity for staying off the beaten path has kept me away from Rolex. Now I am feeling no collection is complete without one. This is a new combination for 23 but seems immediately familiar. Mrs. Brownwater hates it…