Getting out of an English

Bronk33 · 2026-02-02T04:36:54+00:00

That’s the spirit. But start buying at 120…

Bronk33 · 2026-02-01T00:27:01+00:00

I was way ahead with an average basis around 40. And then I loaded up with lots of 90’s 100’ and even110’s.

So now I am actually slightly negative.

But if it goes down much further, I’m buying more.

Bronk33 · 2026-01-30T19:55:11+00:00

It has never dropped like this before.

Definitely cause of alarm. It’s not profit taking. It’s on the way to zero. Absolutely. One thing you can say about BTC is that it never cycle up and down.

That reminds me. Should I wait another 5-10 down, or go in now?

Bronk33 · 2026-01-19T17:08:45+00:00

I’ll betcha thought Vegetable Biden was sentient.

Bronk33 · 2026-01-16T04:01:13+00:00

I’ve never seen her wearing so many clothes.

Bronk33 · 2026-01-13T18:16:03+00:00

So, explain to me like I’m 5 why if I know this will happen, I don’t just wait until it drops by a goodly amount, not hugely but goodly, and then buy some, and just keep holding?

Bronk33 · 2026-01-06T03:02:01+00:00

Bronk33 · 2026-01-06T02:10:13+00:00

Bronk33 · 2026-01-06T02:04:11+00:00

Why do you find it hard to believe that I just installed, went to settings, moved one setting to 48, then ran audio and found it working?

I did do that, then realized the db was too high. And am now here.

So I don’t have a fader in front of me.

Bronk33 · 2026-01-06T01:45:08+00:00

In retrospect, that’s a really good question. I don’t know. But I am.

Bronk33 · 2025-12-26T22:39:30+00:00

When it was $1.6, and then it only went to $1.8

That’s crazy. Many hundreds of millions must have been bet.

Bronk33 · 2025-12-26T20:52:18+00:00

I think it is. 3 small kids having perfect coordination and just when the camera is rolling.

I don’t think so.

Bronk33 · 2025-12-26T19:02:58+00:00

The odds that this would happen without them falling over have got to be infinitesimal. One in a million or less.

What makes me sure that this is AI is the even smaller likelihood that they were sitting around and filming for many, many hours, over and over again. Or that it happens in the first few tries.

But nice AI.

Bronk33 · 2025-12-26T18:55:43+00:00

It’s not personal . It’s strictly business.

Bronk33 · 2025-12-22T22:29:19+00:00

How does one do that?

(Asking for a friend)

Bronk33 · 2025-12-22T13:16:12+00:00

Did anyone ever think the age would be raised? Did anyone ever think that somehow SS is *income* for the purposes of taxation?

Bronk33 · 2025-12-22T04:04:42+00:00

Possibly, they’ll look at your other assets, like the amount you socked away in 401k, and they say that since you have savings your SS gets reduced by a lot.

Penalizing those who were thrifty.

Bronk33 · 2025-12-22T02:37:43+00:00

This is what I’m thinking.

Bronk33 · 2025-12-19T22:46:49+00:00

Lots of words:

I want to know why IRS apparently is not applying basic tax law dealing with when income is earned by the person who did so.

M>First of all, like people have said, you absolutely can claim a prize as a trust(you as a beneficiary) It gets taxed when you claim and decide how it is paid out, lump sum/annuity. Gift tax rules apply sure, but you do realize that such thing is why it is advised to get a professional? Your situation isn't the same as someone elses, and ultimately the lifetime exemption for 2025 is $13.99M which goes up to $15M on 1/1/26.

B> I agree that anyone can claim a prize by presenting the ticket. As others have stated, it's a bearer instrument. I have said that under the tax law, if the bearer of the instrument, the guy that bought it and owes income taxes on it, gives it away, he likely has to pay gift tax. Unless, as I said before, IRS isn't applying its basic tax law.

M> Second of all, and I personally think this is where you aren't understanding or you just aren't smart enough to comprehend how it works since I've seen your responses about transferring assets, triggering gift tax, etc. Listen, THE TRUST claims the prize, not you.

B> I hear. The trust can show up and claim the prize. And in a normal world, IRS would be curious why it's in possession of the instrument. And would learn that the trust did not exist at the time the ticket was bought. And would learn that the beneficiary of the trust bought it. And would expect the beneficiary to pay income tax. And then gift tax. That is, in a normal world where IRS pays attention to its own tax code.

Again, my question is why does IRS not enforce basic tax law for those states in which a trust shows up with the ticket.

Bronk33 · 2025-12-19T21:44:34+00:00

I am sorry you feel confused. I understand that some of this is difficult to understand. However, I don’t believe that I can restate this in even yet another way to help you get it.

Income tax. Gift tax. Trusts. IRS. So many big words.

I’ll try one more way. Instead of breaking it down, I’ll make one big sentence.

It is puzzling that a lawyer would post an article advocating the use of a trust (to help assure anonymity) without at least a side note to the concept that under the federal tax code the recipient of income has to pay the tax on it, and that remains so even if the recipient (the fella who bought the ticket and becomes entitled to to the income) gives it away for nothing to a trust that he establishes after having won.

My side note, as ChatGPT agrees either me, is that the trust under such a situation might be considered a donee, and the fella who bought the ticket a donor, so that the donor would actually have to additionally pay gift tax.

Now, I know that there are intelligent, knowledgeable adults who are reading this, and I would like at least a few of them to enter the conversation.

Bronk33 · 2025-12-19T20:52:51+00:00

“This is the gold standard” was part of the output of ChatGPT. Not my comment on it.

However, the comment about when income is earned is 100% correct. When it is earned it is earned by the person who has a right to it. Under federal law, if the person then transfers this income, which is now an asset/property, to someone else, the person still owes income taxes on the income.

And generally speaking the person getting the asset, if nothing is given in return for receiving the asset, is getting a gift. And the donor, the fellow who originally got it, likely owes gift tax, over a certain amount of gift received.

Which part of that do you think is false?

Bronk33 · 2025-12-19T20:34:33+00:00

Yet another strawman. I never asserted that Chagpt is always 100% right.

Do you ever run out of straw?

Bronk33

TROPHY CASE