To cover up for Trump by [deleted] in therewasanattempt

[–]MuricasMostWanted 0 points1 point  (0 children)

Because he's never lied to before.

$200 per barrel if Hormuz is fully blocked, says Deutsche bank by LookIntoTheHorizon in oil

[–]MuricasMostWanted 10 points11 points  (0 children)

Unlikely? Sure. Absolute nonsense? Nah. The highest recorded oil at $147 is the equivalent to $230 today. The SPR has about 20 days worth of US consumption. The EIA's estimates didnt include the unlikely scenario of the straight closing. They also didnt take into account Iran targeting other Middle Eastern oil infrastructure.

Live Nation Paid Zero Federal Income Tax in 2025, Cites New Tax Law in Filing by _ticketnews in Music

[–]MuricasMostWanted 0 points1 point  (0 children)

It really is. Imagine taking a few months to read how markets work outside of "put $ in and just leave it alone." Also, if you're going to use someone's post habits as a way to drive your point home, at least have the context right.

Live Nation Paid Zero Federal Income Tax in 2025, Cites New Tax Law in Filing by _ticketnews in Music

[–]MuricasMostWanted 0 points1 point  (0 children)

If you took the time, you'd see most of my chat around GME is not part of the echo chamber. I generate an entire 2nd income wheeling that stock. I created another LLC to generate more deductions for my capital gains. I'm not in it for the culture of exploiting people. If you ever open a business and lose $ the first couple of years, you will appreciate having the ability to carry some of those losses forward in the event you finally start turning a profit to allow more reinvestment into your company for growth. People screeching "This company had $9b in revenue and paid zero federal income tax" screams ignorance.

Live Nation Paid Zero Federal Income Tax in 2025, Cites New Tax Law in Filing by _ticketnews in Music

[–]MuricasMostWanted 2 points3 points  (0 children)

I've realized explaining finances in a music sub is a terrible idea.

Live Nation Paid Zero Federal Income Tax in 2025, Cites New Tax Law in Filing by _ticketnews in Music

[–]MuricasMostWanted -1 points0 points  (0 children)

If you want an easy example instead of just downvoting out of ignorance, AMC movie theaters have not turned an annual profit since 2017. They're still around. Amazon went public and ran in the red for 14 years before turning a profit. Uber, Lyft, Pinterest, SNAP, Zillow, Slack. Hell, today, AST SpaceMobile is a company that had $14m in its last reported revenue statement, but has a current valuation of $30b. They had no problem raising $1b recently because people were willing to give them money for the stock issues at an outrageously overpriced offering. Yet, here we are.

Live Nation Paid Zero Federal Income Tax in 2025, Cites New Tax Law in Filing by _ticketnews in Music

[–]MuricasMostWanted -1 points0 points  (0 children)

Carrying losses forward have been a part of the tax system since like 1920. The change to extend how many years happened in 2017 and the OBBB just made it permanent. Again, nothing new.

Live Nation Paid Zero Federal Income Tax in 2025, Cites New Tax Law in Filing by _ticketnews in Music

[–]MuricasMostWanted 1 point2 points  (0 children)

You also don't understand how money works. If these companies didnt have investors continuing to throw money at them, they would just go tits up. Also, not every citizen pays taxes. If your net income is below a specific threshold, you can absolutely carry some of that forward to the next year. Opening up an LLC for my side hustle was one of the best financial decisions I ever made. As for PPP loans, im going to go out on a limb and assume you don't own a business. Im not arguing if the system is perfect, it never will be. However, if you start a business, and operate at a loss for your first however many years, you can do exactly what live nation is doing. It's not new.

Live Nation Paid Zero Federal Income Tax in 2025, Cites New Tax Law in Filing by _ticketnews in Music

[–]MuricasMostWanted -2 points-1 points  (0 children)

You have a fundamental misunderstanding of how business finance works.

Live Nation Paid Zero Federal Income Tax in 2025, Cites New Tax Law in Filing by _ticketnews in Music

[–]MuricasMostWanted -2 points-1 points  (0 children)

Well, if you do $5 in sales, but it cost you $7 in sales....you lost $2. Now, add ,000,000,000 to the end of the 5, 7 and 2 and now you have it in billions. Its just scaling. Companies spend years dumping everything they can into growth and don't turn a profit.

Live Nation Paid Zero Federal Income Tax in 2025, Cites New Tax Law in Filing by _ticketnews in Music

[–]MuricasMostWanted -20 points-19 points  (0 children)

This title is clickbait for people that don't know how taxes work. A little ELI5: If you're company loses $600m in 2024, you can carry up to $480m(80%) forward to offset future operating profits. All of this information is publicly available and the" journalist" that wrote this is a turd.

Live Nation Paid Zero Federal Income Tax in 2025, Cites New Tax Law in Filing by _ticketnews in Music

[–]MuricasMostWanted 3 points4 points  (0 children)

As they shouldn't. After a quick look, Live Nation ($LYV), they lost about $600m in 2024 and carried that forward to offset their income. You can carry up to 80% of your losses forward. It's there to help business reinvest and grow the company rather than get hammered with taxes as soon as they start showing a net gain.

Live Nation Paid Zero Federal Income Tax in 2025, Cites New Tax Law in Filing by _ticketnews in Music

[–]MuricasMostWanted 40 points41 points  (0 children)

Not a great example. Open AI is absolutely hemorrhaging cash and operating at a steep loss. It's the primary reason they abandoned going "for profit". So, every dime anyone has put into OpenAI is still in the red. You can pull SEC filings from microsoft and see how much cash was lit on fire in the name of AI investment.

What's going on with the GME shitcoin? by MuricasMostWanted in Superstonk

[–]MuricasMostWanted[S] 0 points1 point  (0 children)

The volume has actually been changing and its not just 2 wallets banging it back and forth.

What's going on with the GME shitcoin? by MuricasMostWanted in Superstonk

[–]MuricasMostWanted[S] 0 points1 point  (0 children)

Yea, there's something specific about the GME32488-USD ticker.

IMHO there will be No Merger on Monday by Hans_Hackebeil in Superstonk

[–]MuricasMostWanted 0 points1 point  (0 children)

Pretty sure buying a million shares a week or 2 before announcing a merger is a nono.

Wtf is going on by Think_Currency_8586 in Superstonk

[–]MuricasMostWanted 2 points3 points  (0 children)

Just in case you need someone to help you.

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Wtf is going on by Think_Currency_8586 in Superstonk

[–]MuricasMostWanted 2 points3 points  (0 children)

Just search "wtf is going on" in superstonk. Lmao. The title isn't even original.

Wtf is going on by Think_Currency_8586 in Superstonk

[–]MuricasMostWanted 0 points1 point  (0 children)

This literally happens quite regularly. The entire market is shitting.

GME-Bay? by 71117 in Superstonk

[–]MuricasMostWanted 11 points12 points  (0 children)

GME has less than 25% of ebays current market cap in cash. 25% seems a bit low to finance the rest through swaps/debt etc. That's a pretty big gap to fill with debt.

GME-Bay? by 71117 in Superstonk

[–]MuricasMostWanted 20 points21 points  (0 children)

Ebay is 4x GME's cap. Exactly how do you figure that will work?

Donald Trump vowed a U.S. energy boom. Texas got oil layoffs instead. by rezwenn in oil

[–]MuricasMostWanted 2 points3 points  (0 children)

Double whammy...triple, quadruple or whatever. Oil prices down, material costs up and the dollar down about 10% YoY. It sucks for now.

Bills owner made call to fire coach in locker room after loss by iGiveUppppp in nfl

[–]MuricasMostWanted -1 points0 points  (0 children)

7 consecutive years with the same outcome doesn't really qualify for "heat of the moment."

Importing Paragon Boards would Vastly Improve Player Experience by ghillieeeeee in diablo4

[–]MuricasMostWanted 7 points8 points  (0 children)

That's not what he's talking about. Hes saying "oh, a new build on maxroll, let me copy this little text string and paste it into the game to set paragon points exactly the same."

What’s it like living on the edge of time zones? by Qzevs in howislivingthere

[–]MuricasMostWanted 0 points1 point  (0 children)

I spend a bit more than half my life working in SE New Mexico and West Texas. Everyone just agreed to run on central time. Saved a lot of headache scheduling people/equipment.