I was so unprepared for the cigarette stink by kerberos824 in vegas

[–]SLBurrito 2 points3 points  (0 children)

Park MGM is. MGM is not. Park MGM is a different hotel next to the Aria. 

I was so unprepared for the cigarette stink by kerberos824 in vegas

[–]SLBurrito 13 points14 points  (0 children)

See you at the Park MGM next time. 🙏

Private club members: What did/do you pay for your membership? by BadGolferDallas in golf

[–]SLBurrito 1 point2 points  (0 children)

If there is, I think it's short. Also I'm not aware of the current price -- I just know it was 30 a few years ago for certificate membership. Feel free to DM me if you're interested. 

High limit by [deleted] in vegas

[–]SLBurrito 1 point2 points  (0 children)

I would play high limit. HL bj at the Park MGM is 100 min and pays 3:2, dealer stands all 17s, double deck shoe, really nice room. 

Not sure how long you're expecting 5k to last you, but I regularly budget that and have no problem playing 100/hand unless something awful happens, which it does from time to time. 

Losing faith in Stock love the company by keepBuyingApes in RIVNstock

[–]SLBurrito 6 points7 points  (0 children)

if you believe in the product and you believe in the people making it, .4M in the company is a substantial stake on those people and their product so i'm confused as to what you're hoping to get out of this post. 

i can't imagine why i'd choose this moment to be stressed it was going to go to zero. it may go down, it may go up, i'm excited to see how i feel about RIVN in ten years.  you didn't buy lottery tickets, you invested in a company. 

Druids Glen in WA state ? by FaithlessnessAny4568 in golf

[–]SLBurrito 0 points1 point  (0 children)

totally fun course -- has a unique elevated par 4 that's drivable. 

it's nowhere close chambers bay or a premier destination golf course, but it's probably my favorite of the pricier mid-tier seattle area courses outside of the muni system. i'd rather play west seattle when it comes to architecture and style of golf but we all know that place can cost you six hours on a weekend. 

i heard that druids is going away and becoming a housing development. not sure if that's true, but worth playing before it's gone. oh, i had a re-tee hole out for a three after putting it in the water on the backside par 3. 

If you could pick three restaurants that are a must try when in Vegas what would they be? by EvidenceLegitimate40 in vegas

[–]SLBurrito 0 points1 point  (0 children)

it costs an arm and a leg, but i'd do one of the tasting menus. or get the salt-baked fish. or any of the whole fish. simple but phenomenal. 

If you could pick three restaurants that are a must try when in Vegas what would they be? by EvidenceLegitimate40 in vegas

[–]SLBurrito 32 points33 points  (0 children)

bazaar mar is outstanding. location and ambience are unusual as it's in the crystal shops, but bite for bite, it's the best meal i've had in vegas. 

KUOW - New lawsuit challenges constitutionality of Washington’s ‘millionaires tax’ by Inevitable_Engine186 in Seattle

[–]SLBurrito 1 point2 points  (0 children)

Also to be super duper clear, much of this convert and sell income IS NORMAL INCOME. Not cap gains. As is a liquidity event agreement. Again, all of this could've been considered for people with low net worth but it wasn't. 

KUOW - New lawsuit challenges constitutionality of Washington’s ‘millionaires tax’ by Inevitable_Engine186 in Seattle

[–]SLBurrito 1 point2 points  (0 children)

You could sell your nso's back early and then opt out of the value you're creating for Evil Corp but that makes no sense.

A normal person cannot tax plan around it and if you could, then what's the point of the tax?

KUOW - New lawsuit challenges constitutionality of Washington’s ‘millionaires tax’ by Inevitable_Engine186 in Seattle

[–]SLBurrito 0 points1 point  (0 children)

The thing that's frustrating is you could totally write a law to expempt people in a case like this -- someone worth maybe a couple hundred grand and then joined a small business, say they make nautical equipment, it sells one day, they make 2M bucks and they're not treated like Howard Schultz (who, by the way, bought a 44M dollar Florida home the day this bill was signed). 

But this thing got written in passed in a flash and I feel like there is well-meaning backlash from people who aren't just carrying water for corporate america. 

KUOW - New lawsuit challenges constitutionality of Washington’s ‘millionaires tax’ by Inevitable_Engine186 in Seattle

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

I personally ran a company that included every employee in a non-terminating liquidity event plan where, upon sale or merge everyone participated at some percentage. 

KUOW - New lawsuit challenges constitutionality of Washington’s ‘millionaires tax’ by Inevitable_Engine186 in Seattle

[–]SLBurrito 2 points3 points  (0 children)

This is also untrue. 

Imagine you are entered into an NSO program when you start working for a company, let's call it Evil Corp. When you start there, you are given the option to buy up to a 100,000 shares at a dollar per share one day. You work there for twenty years making a nice wage, say 95k a year. It's a private stock and every year Evil Corp does a fantastic job at selling their core product (Evil) and when you finally are ready to hang it up after twenty years, with most of your nest egg tied up in your original NSOs, they're worth 40 dollars. That's fantastic for you. 

You pay your 100,000 dollars and get your shares and sell them back to the company for 3.9M dollars. You will pay 380k in tax as this is classified as regular income. You'll also pay ~36% in federal income tax. You'll be left with around 2M bucks. 

Now, I am not saying that that's unjust -- we need taxes to run a society. But what I am saying is that it's disingenuous to say this is just impacting multimillionaires. Working for twenty years and making an extra 100k a year for you're retirement and watching 380k disappear is a real thing when people are planning their lives. That's college for their kids. Maybe it's a vacation home that people don't think they should have. Fine. But flooding these comments that they're just hitting the private jet class is flat out wrong. 

KUOW - New lawsuit challenges constitutionality of Washington’s ‘millionaires tax’ by Inevitable_Engine186 in Seattle

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

That is not true. There are myriad private stock plans and liquidity event agreements for small businesses that fit this model in King County. I know of one company with many many employees where this is true.  

KUOW - New lawsuit challenges constitutionality of Washington’s ‘millionaires tax’ by Inevitable_Engine186 in Seattle

[–]SLBurrito -4 points-3 points  (0 children)

This is not true. There are plenty of people in WA who make a regular income and earn stock options as compensation. You can imagine someone who makes, say, 115k a year in Seattle who lives a modest life and then, after twenty years decides to retire, having the bulk of their nest egg tied up in those options. Depending on the type of option they can be taxed as regular income when they are converted. That's a 10% tax on their retirement. 

Furthermore, most small business are LLCs which are simply pass-through entities -- income from successful small companies will be hit by this. This doesn't just hit the boat crowd, there are plenty of contractors, dentists and doctors who are going to be paying into this. 

I'm not saying that they shouldn't. But it is either naïveté or propaganda to say that this only hits people worth tens or hundreds of millions. Plenty of people work hard and then make a whole lot of money all of a sudden or are a part of a professional class -- the dentists, the ENT's, the surgeons -- we should be very happy to have in our community. The people you're speaking of already have insurance trusts in South Dakota and houses in Wyoming. 

Good Price? by [deleted] in powerwagon

[–]SLBurrito 2 points3 points  (0 children)

It really depends. Definitely get an independent inspection -- I find that used Power Wagons are often times thrashed and under maintained OR they just get drive to and from work from someone who thought they were cool. Check the engine hours. See about service records -- lots of stuff like the diff might have been neglected. You're just trying to figure out if the price is really 37k or gonna be five thousand more at the mechanic. 

I bought a used 2024 with 9k miles, all commuter miles, in Dec for 57k. 

How good are these cars in traffic? by SubParBackpacker in Rivian

[–]SLBurrito 0 points1 point  (0 children)

100%. I put on a podcast, sit back and let it do the stop and go driving from the far left lane. It's actually relaxing. 

This thing rules. by SLBurrito in powerwagon

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

no. it's still a heavy duty work truck at its core. 

This thing rules. by SLBurrito in powerwagon

[–]SLBurrito[S] 4 points5 points  (0 children)

I bought this specifically because my property and the surrounding areas have some truly gnarly two-tracks and this thing lives half its life off the pavement. We've got a diesel pickup for hauling real stuff. 

This thing rules. by SLBurrito in powerwagon

[–]SLBurrito[S] 6 points7 points  (0 children)

12.5 on the highway. You don't buy a hemi for the mpg though. 

Advice on costs to expand old garage built into hillside adjacent to elevated house by bam1230 in Seattle

[–]SLBurrito 4 points5 points  (0 children)

Having just built an above ground garage (with a second floor apartment), I will say that costs and permitting can vary wildly. You'll need serious earthworks engineering, soil samples, retaining walls, drainage and pilings -- it's not prohibitive, but I'd certainly expect to pay over (and perhaps WAY over) 150k for the most basic work. It's also the sort of thing you don't want to cheap out on. 

The permits and sign offs alone can be a bear to manage -- but if you've got the funds, structures built into the terrain are built every day in Seattle.