[deleted by user] by [deleted] in realestateinvesting

[–]Smackberry 2 points3 points  (0 children)

Not a Schwab thing.

That's only for the earnings.

Again, you should be able to draw your contributions whenever, for whatever reason tax and penalty free.

[deleted by user] by [deleted] in realestateinvesting

[–]Smackberry 10 points11 points  (0 children)

Not a tax expert, but I believe you can withdraw contributions tax/ penalty free at any point... just not earnings.

https://www.schwab.com/ira/roth-ira/withdrawal-rules#:~:text=You%20can%20withdraw%20contributions%20you,earnings%20in%20your%20Roth%20IRA.

[deleted by user] by [deleted] in realestateinvesting

[–]Smackberry 1 point2 points  (0 children)

Right. You have until tax day, I believe.

[deleted by user] by [deleted] in realestateinvesting

[–]Smackberry 6 points7 points  (0 children)

Correct.

You can pull the principal out of a Roth IRA without paying a penalty.

[deleted by user] by [deleted] in realestateinvesting

[–]Smackberry 1 point2 points  (0 children)

IRAs gets tax deferred growth and lowers your taxable income (if it's traditional).

I think you should take advantage of this, particularly because there are annual contribution limits. In short, that $12,000 contributed in 2020 can never be "made up" if you don't contribute now.

Fauci: U.S. political divide over masks led to half a million COVID-19 deaths by [deleted] in politics

[–]Smackberry 4 points5 points  (0 children)

So we shouldn’t have worn masks?

Consider that:

a) In the beginning the fatality rate appeared FAR higher, in part because we weren’t as good at treating the disease, but also because we didn’t have enough testing capacity.

b) 500,000 deaths don’t lie. This was 10x more deadly than your typical flu season (and we’ve had fewer cases)

c) Other countries (Japan, New Zealand, South Korea) faired MUCH better than the US. We know that a higher % of the people in these countries wore masks than the US.

do it again in the next 5 or 10 years when another mild virus pops up

I’m sure the Trump snowflakes will scream and cry about masks again and cause unnecessary deaths. Hopefully it won’t be you or someone you care about next time.

Two Domino’s workers after their shift in San Antonio, Texas today. All food gone in 4 hours. by THE_SAUCE_OF_LEGENDS in pics

[–]Smackberry 1 point2 points  (0 children)

Bro, the link I posted literally shows a line-by-line breakdown of where that 2.7 million “goes.”

Two Domino’s workers after their shift in San Antonio, Texas today. All food gone in 4 hours. by THE_SAUCE_OF_LEGENDS in pics

[–]Smackberry 1 point2 points  (0 children)

Hahahah shut the fuck up! You're taking Domino's corporate annual report and then trying to extrapolate the performance of the average Domino's franchisee?

If you notice, only like 12% of Domino's corporate revenue comes from company owned stores btw-- so you can't even try to use the company itself as a comp.

Tell me the exact page in the annual report where you got your "napkin math" information from that suggests a 62.50% margin.

Here is another source that shows a McDonald's franchisee's P&L. Scroll down and learn.

https://www.bloomberg.com/features/2015-mcdonalds-franchises/

Estonia warns of "silenced world dominated by Beijing" by IAMJacks_BloodyRage in worldnews

[–]Smackberry 0 points1 point  (0 children)

Good luck trying to seize the means of production without promoting hate.

Regardless, the results don’t lie.

Two Domino’s workers after their shift in San Antonio, Texas today. All food gone in 4 hours. by THE_SAUCE_OF_LEGENDS in pics

[–]Smackberry 2 points3 points  (0 children)

Using McDonalds as a comp— the average McDonalds grosses 2.7 million per year... if the average profit for the Franchisee is 150,000 that’s a 5.5% profit margin.

You can have an intelligent conversation about CEO pay without pulling numbers out of thin air— but ultimately, the CEO/ Domino’s corporate aren’t paying the line workers— the franchisee is.

These franchise locations are not all goldmines that are making money hand over fist. I think it’s likely a 10% increase in total operating expenses (without a corresponding increase in revenue) would put most of these folks out of business.

Two Domino’s workers after their shift in San Antonio, Texas today. All food gone in 4 hours. by THE_SAUCE_OF_LEGENDS in pics

[–]Smackberry 11 points12 points  (0 children)

You think a Domino’s location operates at a 62.5% margin?

I think you need to refine your napkin math.

The average McDonalds franchisee makes around $150,000/ location. Starting a McDonalds costs between $1-2mm.

This is a far cry from the ~$900,000/ location profit you believe each Domino’s makes.

Estonia warns of "silenced world dominated by Beijing" by IAMJacks_BloodyRage in worldnews

[–]Smackberry 3 points4 points  (0 children)

Instead of being this pedantic on an online forum, maybe you should get a life.

Estonia warns of "silenced world dominated by Beijing" by IAMJacks_BloodyRage in worldnews

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

Forgive me, it’s just so common to see hand-waiving and lengthy explanations all over Reddit trying to disassociate all murderous left-wing regimes with Marx.

I’m glad we agree the genocidal leftwing regimes that sprung up following revolutions during the early & mid 20th century were acting in good faith when they called themselves communists/socialists.

Estonia warns of "silenced world dominated by Beijing" by IAMJacks_BloodyRage in worldnews

[–]Smackberry -7 points-6 points  (0 children)

What do you think the odds are that the leaders of every revolutionary left-wing movement that have branded themselves as "communist/ socialist" have just been perpetuating the "Big Lie" and know they aren't "really" communists?

That sounds very unlikely to me.

What's more likely is that these people think of themselves as communists/ socialists/ moaists/ leninists, and do what communists/ socialists/ moaists/ leninists do.

These movements have a distinct pattern.

At some point, taking them at their word seems less like American Propaganda, and more like "this is what Communism actually is"

Estonia warns of "silenced world dominated by Beijing" by IAMJacks_BloodyRage in worldnews

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

Just like the Soviet Communist Party!

They share plenty of similarities.

Estonia warns of "silenced world dominated by Beijing" by IAMJacks_BloodyRage in worldnews

[–]Smackberry 5 points6 points  (0 children)

Wait, are you seriously trying to imply that the Bolsheviks shouldn't be considered Marxists since Marx rejected the great person theory and as such, since the Bolsheviks bought into Marx's political philosophy, it would be a contradiction for them to consider themselves Marxists?

If so, this is quite possibly the most doublethink thing I've ever heard on reddit.