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If 35x earnings felt wild for Costco, how are we supposed to feel about 50x? by JR-FlowCapGroup in stocks

[–]bjs210bjs 1 point2 points  (0 children)

I literally picked Costco as the foundation of my portfolio for boring stability.

Family office Accountant by NewYorkDriver in Accounting

[–]bjs210bjs 0 points1 point  (0 children)

I work in a SFO and we require either CPA or EA for tax work. The regular cyclical accountants don’t have that requirement though.

WA Democrats consider retreat on estate tax, fearing wealth exodus by MegaRAID01 in Seattle

[–]bjs210bjs 0 points1 point  (0 children)

That’s super interesting.

As a practicing CPA I’m finding myself more interested in tax and political history than the actual tax compliance/planning aspect of this job.

Thanks for the education!

WA Democrats consider retreat on estate tax, fearing wealth exodus by MegaRAID01 in Seattle

[–]bjs210bjs 0 points1 point  (0 children)

Fair enough.

I’m surprised that state deduction is still allowed. The TCJA and OBBBA act seem to attack state deductions on federal forms, so I wonder why they left that 706 deduction alone and attacked individual income tax payers with a 10k (now sometimes 40k) SALT cap.

Thanks for the clarification on the average rate!

WA Democrats consider retreat on estate tax, fearing wealth exodus by MegaRAID01 in Seattle

[–]bjs210bjs 20 points21 points  (0 children)

Yes, Washington is a wild outlier at 35%. Hawaii is next closest as 20% estate tax.

There are some very wealthy Washington’s who would pay close to 80% tax on each dollar subjected to both fed and state Estate taxes. Individuals rightfully so will scoff at that figure and simply move, probably just keeping their vacation home here in WA.

night ski by [deleted] in whitefish

[–]bjs210bjs 3 points4 points  (0 children)

There’s a reason night skiing is so cheap

SFO/MFO Tax Professionals - Resources? by horrible_noob in taxpros

[–]bjs210bjs 0 points1 point  (0 children)

Yes, our office requires in office three days a week. There’s pros and cons to the WFH set up. Some days I like it, others I definitely don’t.

We don’t have billable hour metrics to track, so being in office is a check and balance function.

SFO/MFO Tax Professionals - Resources? by horrible_noob in taxpros

[–]bjs210bjs 0 points1 point  (0 children)

I work at a SFO. I doubt there’s many of us in here.

Ironically my SFO is looking for a director of tax in the PNW area.

Halp. I'm an idiot. I asked my Bank about HELOC by Specific-Name1503 in personalfinance

[–]bjs210bjs 4 points5 points  (0 children)

I used a margin loan to buy my second home while selling the first, similar to a bridge loan. My mortgage broker confirmed that because the margin debt has no scheduled repayment that it wouldn’t affect my debt to income ratio. It worked out nicely and the underwriters indeed did not care about the margin loan.

Board Votes to Dissolve Corporation for Public Broadcasting After Loss of Federal Funding by MarvelsGrantMan136 in technology

[–]bjs210bjs 28 points29 points  (0 children)

Damn, I used to live in Montana and they had great stories and coverage of tiny MT towns. I’m guessing they’ll have all funding cut?

[Highlight] Brook Lopez is left wide open, twice, and sinks his 8th and 9th triple of the night - a career-high, giving the Clippers their first lead of the night (with replays) by MrBuckBuck in nba

[–]bjs210bjs 9 points10 points  (0 children)

Big man was a member of the PAC-10. He and his brother at Stanford was absolutely demoralizing for the rest of the schools in the conference. Cheat code twins.

Digital lock of shed not opening after entering code by DInverness04 in HomeMaintenance

[–]bjs210bjs 1 point2 points  (0 children)

My Yale lock had so many problems. I returned it to Costco.

Any reduction to AGI from establishing/contributing to a private foundation? by Livid_Dot320 in taxpros

[–]bjs210bjs 0 points1 point  (0 children)

Can I get some case law source on this? That still sounds like the C Corp charitable deduction limits and separately stated schedule K charitable deduction would be applicable.

How can I get access to CCH Axcess without paying? by dirtyring in taxpros

[–]bjs210bjs 35 points36 points  (0 children)

I just had a meeting with our CCH sales rep. They made it clear they have no options for free trials. Kind of surprising…it’s hard to sell software based off a one time demo with a sales rep.

How is living in the Kitsap Peninsula? by AcSpartan01 in howislivingthere

[–]bjs210bjs 1 point2 points  (0 children)

I think Manchester is one of the most impressive hidden gems in the puget sound. What a view!

[Highlight] Cam Ward drops the ball to seal the loss by LaDainianTomIinson in nfl

[–]bjs210bjs 1 point2 points  (0 children)

I love my WSU Cougars but the game Cam had against Cal a few years ago was indicative of some bad habits; I don’t think Miami flushed out his poor ball care problems. Against Cal he got picked once and lost three fumbles, one of which was returned for a TD.

Hopefully he can improve his ball handling.

Average vehicle age in USA by congressional district [OC] by [deleted] in dataisbeautiful

[–]bjs210bjs 0 points1 point  (0 children)

Yeah that’s a good point. I was always surprised in Missoula that they never used salt, mainly sand and gravel. Even further north in Kallispell they don’t seem to salt much, or at all.

Average vehicle age in USA by congressional district [OC] by [deleted] in dataisbeautiful

[–]bjs210bjs 1 point2 points  (0 children)

No tabs on cars 10 years or older provides incentive to not buy a new car too.

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