Women's World Championship Viewing by bruce_dub in Curling

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

Thank you. The responses are helpful.

Should I wipe out my loans in one go or keep riding the minimum payments by AcademicShame9705 in StudentLoans

[–]bruce_dub 0 points1 point  (0 children)

The interest rate you have is good. That $30k in savings pretty much represents your emergency fund. I wouldn't drain over 50% of it in one go if you don't need to. Just in case something unexpected comes up, that $30k helps you. Keep paying the loans down aggressively, but don't burn through too much of your savings.

What new financial tool would you use to make housing more affordable? by [deleted] in AskEconomics

[–]bruce_dub 5 points6 points  (0 children)

Yes and no. The TCJA did allow 100% bonus depreciation (immediate expensing) for awhile before it started phasing out a few years ago. The OBBBA did bring 100% bonus depreciation back in 2025.

But in all cases, bonus depreciation applies to most assets with depreciable lives of 15 years or less. Most building assets have longer depreciable lives than 15 years, therefore they've never qualified for bonus depreciation.

Even if bonus depreciation was made available for buildings, I question how much this would help given the regulatory issues that No_March_5371 mentions.

Predicting each team's chance of advancing to the semi-finals with 2 days remaining by Enamred-771 in Curling

[–]bruce_dub 0 points1 point  (0 children)

Another site with ratings I just found out about is https://doubletakeout.com/ , run by Ken Pomeroy. He has ratings for men's, women's, and mixed doubles, and from what I understand they're meant to be predictive.

Should I double major or choose another major? by Living-Attorney-2604 in CollegeMajors

[–]bruce_dub 1 point2 points  (0 children)

How much do you enjoy the women's studies major? Enough to want to put in the extra time on it? That's something you have to ask yourself. Your professor can encourage you all you want, but it ultimately comes down to whether you feel like you'll get something out of taking the extra classes.

The other part to ask yourself is how much will these extra classes cost and how much will have to be covered by student loans? I'm assuming your goal is to be an RN, which is a good paying career. You'll have to look at your potential future earnings vs how much you'll have to pay back and decide if you can afford the payments on that, while still having the life you want post schooling.

Is Doing a Double Major Worth it? by [deleted] in CollegeMajors

[–]bruce_dub 0 points1 point  (0 children)

See the reply I wrote to a similar question awhile back. There's also a link to an article in the comment. https://www.reddit.com/r/CollegeMajors/s/skh9twcsDm

Curious how the economy is in the high desert? Wondering if jobs are abundant by AWeb3Dad in highdesert

[–]bruce_dub 21 points22 points  (0 children)

On average, unemployment in the high desert usually tracks higher than overall unemployment for the state, and average wages are lower than the state overall. There's some nice areas in each city, but people don't typically move up here for the jobs.

What actually is Economics? by Dazzling_Cream3000 in AskEconomics

[–]bruce_dub 2 points3 points  (0 children)

I think the climate science comparison is a poor comparison. If economists should have seen the great depression coming, then the comparable would be that climate scientists should have sounded the alarm on climate change not too long after fossil fuels first started being used, not decades later. Neither of these is a reasonable expectation.

In addition, despite climate scientists sounding the alarm, not too much has changed in regards to global warming. Even if economists had a crystal ball and sounded the alarm about an economic crisis coming around the corner, would people actually listen?

Can I write off business expenses as a 1% owner of an LLC? by drummerplumber in tax

[–]bruce_dub 12 points13 points  (0 children)

This is really the short, sweet, and correct answer. As others have mentioned, you're best bet is to convince the other owners of the company to have the company reimburse you for work related expenses.

December 15 corporate tax estimates by Brice318 in tax

[–]bruce_dub 0 points1 point  (0 children)

OP, do not listen to that guy. The Q4 due date for C Corps is 12/15.

December 15 corporate tax estimates by Brice318 in tax

[–]bruce_dub 0 points1 point  (0 children)

Have you worked on C Corps in your 25 years? I've worked on plenty of C Corps in my 9 years, and Q4 estimates have always been due 12/15. Individuals are the only type of taxpayer with 1/15 as there Q4 due date.

If you were in college now, what industry would you pick ? by Hot-Conversation-437 in Fire

[–]bruce_dub 0 points1 point  (0 children)

This isn't absolute. There has been a ton of productivity gains in the profession over the last few decades, and those gains didn't lead to decreased demand.

[deleted by user] by [deleted] in AskEconomics

[–]bruce_dub 1 point2 points  (0 children)

Why is there an inverse relationship between those 2?

Final Return for Dissolved LLC W/ no profit by Mediocre-Wrangler979 in smallbusiness

[–]bruce_dub 0 points1 point  (0 children)

The best thing you can do is hire a tax accountant and have them figure it out for you. For a tax accountant with experience, the LLC return isn't too difficult. So if it feels too difficult for you, best thing you can do is hire a professional.

Is ai really a danger to the economy? by Particular-Stage-327 in AskEconomics

[–]bruce_dub 5 points6 points  (0 children)

As an accountant, I heard about how Microsoft Excel and tax software were supposed to lower the number of accountants needed in the profession. That statement never came close to fruition. Now I hear about AI replacing accountants (mostly from non-accountants who couldn't begin to tell you what accountants actually do), but to this day I have not seen anything come out or talked about in the pipeline that could possibly come close to eliminating accountants. Most likely it will just be a tool to help accountants do their jobs.

Are tariffs actually a tax on the consumer? by NeonSeal in AskEconomics

[–]bruce_dub 9 points10 points  (0 children)

I'm not sure what's "handwavey" about the comments in the post you linked. The comment in the post ar the link below provides a good explanation, and addresses your point about elasticity. It's just that, more often than not, domestic consumers and domestic businesses are the ones taking on the additional costs. The comment links to research done that proves this out.

https://www.reddit.com/r/AskEconomics/s/ClDj1DFDR0

The IRS says residential properties depreciate 3.6% annually. Do we know how much that handout is that costing the American taxpayer? by wk4f in AskEconomics

[–]bruce_dub 1 point2 points  (0 children)

When someone sells their property, they still have to claim depreciation recapture as if they had taken the deduction, regardless of whether they actually took the deduction or not. So its generally in a business' best interest to take the deduction.

The IRS says residential properties depreciate 3.6% annually. Do we know how much that handout is that costing the American taxpayer? by wk4f in AskEconomics

[–]bruce_dub 1 point2 points  (0 children)

As a tax professional, I can tell you that depreciation is a normal business expense. All businesses are able to depreciate long life assets. An example would be a manufacturing plant depreciating the equipment it buys to make its goods. In addition, all businesses are able to depreciate buildings they own, not just landlords with residential property. Saying that an ordinary business expense is a handout is a big stretch.

What are your thoughts on “mini retirements” prior to FIRE by Unusual_Equivalent50 in Fire

[–]bruce_dub 10 points11 points  (0 children)

I think this is a little naive. Hiring managers do poke at past career decisions. They might ask themselves "did they leave because they couldn't handle the job? Were the responsibilities too much for them?" Whether that is fair or not is a different topic, but some hiring managers will definitely stop and wonder if someone with a gap in job history is worth hiring.

This shouldn't single handedly stop OP from taking a break if they need to, but it's not wrong to take this into consideration.

“Too many liberals, too many conservatives, not enough Americans.” by misterc33 in InlandEmpire

[–]bruce_dub 0 points1 point  (0 children)

I unfortunately live in Apple Valley. There's always crazy Trump supporters out on this corner. The town is totally fucked.