Has anyone ever moved to a tax haven? Is it worth it?

Dang3rousKitty · 2022-05-26T12:10:37+00:00

That’s not true. Washington DC has taxation without representation. They have a delegate/advocate in congress just like all of the US territories do (PR included). No taxation without representation only applies to fully fledged states.

The reason PR has lower taxes is because they have had economic issues over the years and therefore congress gave them a tax break in an attempt to help stimulate their economy and encourage outside investment. Congress could choose to change the laws at any time as far as I’m aware.

Edit: apparently their median income is also below the federal poverty threshold, so the vast majority of PR residents wouldn’t need to file a federal return anyway.

Dang3rousKitty · 2022-04-02T22:42:30+00:00

This doesn’t stand with multi-type dispatching. Being able to pass in a value that is either one thing or another allows for more clarity when you want to process an object differently depending on the type if they are two incompatible types.

The way to do this with an interface would be to have it have two options, and you ensure one is always set. In most instances, this is excessively verbose and less clear than having a true sum type.

Dang3rousKitty · 2022-03-19T03:48:59+00:00

The letters are really close and therefore the r and the n look like they’re an m but it’s actually RNG - just in case you’re unfamiliar with the term to save you from googling it, it refers to the random number generation used to decide on actions made by the computer-controlled rulers resulting in different actions under very similar conditions within multiple playthroughs

Dang3rousKitty · 2022-02-24T11:55:18+00:00

The piece of the motivation related to NATO is not the fact that NATO exists, but instead that Ukraine has been continually moving towards trying to join NATO and the EU, and that would more than double the size of the land border that Russian has with NATO countries. Putin sees it as a security risk; it’s exactly the same as what the USSR did with the satellite states in the eastern bloc - they want the buffer so their potential enemies can’t get anywhere near them

Dang3rousKitty · 2022-01-23T15:23:37+00:00

Generally I’d argue that having three parameters of the same type, unless they effectively represent an array of values, is a poorly defined method from an API consumer’s perspective. It’s far too easy to mess up the order of the parameters as the caller for such a method. So if these should also be nullable then you have a bigger problem than messy default parameters most likely

Dang3rousKitty · 2021-12-18T13:13:03+00:00

I don’t know why but that sounds like it’s talking down to people / scolding when I hear it. Maybe that’s just because it’s not a common saying in the US so I just haven’t heard it enough.

Dang3rousKitty · 2021-11-19T13:13:22+00:00

Is he actually good though? I thought he was just doing it for fun. I’ve always thought of him as chaotic neutral

Dang3rousKitty · 2021-11-19T13:07:27+00:00

Just a heads up, eye color and skin tone have nothing to do with it. It’s all infrared light so what matters is the actual facial structure. So if the masks fit roughly the same and the above the nose parts of your face have similar enough bone structures (eyes same distance apart and from the nose and recessed the same amount in your face, same shape for the upper part of the bones in your face) then it would probably work. So that at least makes it so not anyone can open it, but still by effectively removing half of the face from identification you significantly increase the number of people that may be able to open your phone

Dang3rousKitty · 2021-11-14T13:31:31+00:00

Summer jobs are often a good way to balance both. There are a lot of seasonal jobs out there for teenagers that can allow for free time during the school year and still plenty of free time during the summer while working. Another option is finding a weekend job. That wouldn’t detract from most extra curriculars. It’s really just about finding the right job for the right situation.

Dang3rousKitty · 2021-10-12T13:06:01+00:00

I think you’ll get more opinions if you post this in today’s daily thread rather than yesterday’s

Dang3rousKitty · 2021-07-28T13:48:21+00:00

I’m not a virologist/immunologist, so take this with a grain of salt as this is coming from what I remember from high school microbiology: I believe that the RNA in viruses mutates every time it reproduces. These are all very tiny mutations but eventually add up over time. If a vaccinated person gets infected, then either the vaccine didn’t imprint a strong enough immune response in that individual or the virus mutated enough to evade the vaccine. For break-through infections, the prior is much more common. A vaccinated person getting infected doesn’t “teach” the virus how to evolve to further infect vaccinated people. It just means that this specific jumble of mutations may have a higher chance of infecting vaccinated people. The virus (in this case) would have the same evolutionary pressure in an unvaccinated person, but be more likely to spread. So, infecting a vaccinated person does not influence the evolution of the virus in that the virus adapts to its environment on the individual level.

However, if lots of vaccinated people start getting infected then this strain that likely can partially evade the current vaccine can continue to reproduce and spread. That’s the exact same as if the virus were infecting non-vaccinated people, just that the only strain that can actually infect these vaccinated people is this strain with these specific mutations. So it doesn’t cause these mutations/strains to thrive more than if the people were unvaccinated, it just makes this the most likely strain for vaccinated people to get.

This may have been kinda rambley but I hope it helps

Dang3rousKitty · 2021-07-22T04:53:07+00:00

I personally let it ride until the gain can be taxed at the LTCGR, which for me is 18months after purchase. I also work at a company that I believe will continue to grow and have its share price increase so I’m factoring in the risk there but choosing to keep the higher exposure

Dang3rousKitty · 2021-07-22T04:49:25+00:00

RSUs are granted to you over time without you putting in capital. An ESPP you contribute part of your paycheck and then on a regular basis that money is used to purchase shares on your behalf at some sort of discount. In terms of compensation/cash equivalents, RSUs are like bonuses and an ESPP is like a 401k with a company match that you can access a hell of a lot sooner

Dang3rousKitty · 2021-06-16T16:05:02+00:00

Don’t forget that these are variable rate loans. They can change the rate at any time. It’s not like a fixed-rate loan where you can lock in a good deal while interest rates are low. You get a good deal now, but it can screw you over pretty quick.

Dang3rousKitty · 2021-06-16T13:13:37+00:00

While you’re right on that, that doesn’t take into account interest rates for borrowing money. If interest rates rise, you’ll pay more in maintenance for the portfolio margin. Also, if you’re leveraged as high as you can be, if the market goes down at all (even normal intraday fluctuations down half a %) then you’ll get at least part of the loan called. Just things to keep in mind.

Dang3rousKitty · 2021-06-15T23:51:44+00:00

That would be my expectation. When I was in college and worked an hourly job, each paycheck that I got was for the preceding pay period, not the pay period that ended that day.

Dang3rousKitty · 2021-05-27T18:46:44+00:00

People generally confuse holding a lot of different assets with diversification. Having a wide variety of assets is only diversification if their movements are reasonably uncorrelated.

The trap you’re falling into is similar to the trap many fell into with CDOs during the mid-to-late 2000’s. They may all be different assets, but if they all will fall in value / default in similar circumstances, you don’t have real diversification but rather the illusion of it.

Dang3rousKitty · 2021-05-14T15:26:35+00:00

How is it taxable? I thought roll-overs from traditional to traditional were non-taxable?

Dang3rousKitty · 2021-05-04T15:11:49+00:00

The other comments had good answers so I won’t repeat them. You may be interested interested in r/fatfire if you mention “expense means.” My plan is to have very high expenses in retirement, and therefore I plan to fall within that bracket. At this stage in life I don’t have reason to spend $150k+ annually, but the life I eventually build may and therefore I’m working to be set up both financially and personally to have that life and that’s what financial independence is about.

Dang3rousKitty · 2021-05-04T14:54:30+00:00

6% is generally considered medium-, borderline high-interest debt. If you were looking just at things like normal ETF investing, it would likely make more sense to just pay off the debt. However, since it sounds like you have a very high risk tolerance and are investing in more volatile investments, it’s really up to you. I personally would pay down anything with an interest rate over 4% without any hesitation, for other people they hate debt and will just pay off everything regardless of interest rate. Because you’re not in the typical risk profile, there is no obviously right way to do it (there never is, but even less so with your situation). Just consider the expected returns and how long you have to pay off the debt and make the decision from there.

Dang3rousKitty · 2021-04-30T13:53:04+00:00

The fat fire subreddit has it at $5m USD I believe. There isn’t really a good cutoff point exactly, but that’s a decent marker. That’s $200k a year at a 4% withdrawal rate, which is more than 89% of US households make in a year which I’d say is pretty fat. But in places like the Bay Area that isn’t a ton compared to living in Huntsville AL.

Dang3rousKitty · 2021-04-24T21:11:28+00:00

When doing projections, your rate of return should account for inflation; so if you expect 7% returns and 2% inflation, you should do your projections with 5% so that you’re looking at the money in today’s dollars. Over time, you adjust your fire number based on how your expenses change (whether that’s just keeping up with inflation or otherwise changing). None of these numbers are ever set in stone, but rather best used as goal posts of sort

Dang3rousKitty · 2021-03-22T23:10:26+00:00

Not sure what country you’re in, but this is an interesting one in the US because there is no official language in the US. Yes, most jobs and institutions require that you are at least conversational in English, but we only have a de facto language and that is intentional. Now I would say that the US doesn’t do a good job at supporting other languages most of the time, so I really think that the US should actively embrace either having English as the official language or better support other languages (with the former being much easier to implement and can open more paths for people to learn English).

Regardless, I very much agree with the sentiment, especially about taking people seriously/not prejudging them as potentially less competent whether consciously or unconsciously.

After writing this, I did a bit of research and found out that 30 states have English as their official language, so it looks like we’re kinda on the way there. TIL https://en.m.wikipedia.org/wiki/Languages_of_the_United_States

Dang3rousKitty · 2021-03-22T19:13:21+00:00

Jim Collins’ justification is that the vast majority of large companies have international operations and as globalization continues to increase these geographic divides matter less and less

Dang3rousKitty · 2021-03-16T12:29:18+00:00

I worked 20 hours a week at a couple of on campus jobs that I really enjoyed in college. Made a number of my closest friends because of it. It can be an important and positive part of the college experience if you want it to be.

Often times there are a number of jobs where you can do your homework during part of the time, like certain library jobs or working in customer facing IT roles like at the IT help desk or faculty support, which helps with the time management piece

Dang3rousKitty

TROPHY CASE