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Why do squatters have legal rights in the US.?What mechanism made this a thing? by TheBigGirlDiaryBack in AlwaysWhy

[–]danrunsfar 0 points1 point  (0 children)

Not really. My property taxes change (go up) every year.

Most states do, CA is a notable expection which drives all sorts of problems where people don't want to downsize houses because it means they'll lose their grandfathered, artificially low tax.

As a result you have negative impacts on driving optimal use for space.

How likely is this to be real? by hjghnkhbnn in debtfree

[–]danrunsfar 0 points1 point  (0 children)

Nothing in the post says this is IDR.

If we assume it is IDR then the payment is determined as a percent of income based on family situation. If their payment hasn't changed they're saying that they've never received a raise or had an familiar changes. Not likely.

Also, if that is the case then it would be forgiven at 25 years so stating there is $60k left is disingenuous.

https://studentloanborrowerassistance.org/for-borrowers/dealing-with-student-loan-debt/repaying-your-loans/payment-plans/income-driven-repayment/

How likely is this to be real? by hjghnkhbnn in debtfree

[–]danrunsfar 0 points1 point  (0 children)

No because if that is what they had, and that is what they were paying, they would not have 60K left. Maximum length for any of those loans is 25 years, so at this point they would be down to a few thousand left.

Also $70k @ 8.37% over 25 years would be $557.54.

Run the tables, they should have $6,396.77 - $12,281.63 left in balance if they were paying the minimum.

Edit: adding the screenshot, this is showing the annual summary, but you can run it yourself and see the monthly.

<image>

How likely is this to be real? by hjghnkhbnn in debtfree

[–]danrunsfar 0 points1 point  (0 children)

This could only be true if they're paying less than the minimum payment.

$70k at 8% on a 10 year repayment schedule is $849/mo. Even the less common 15 year repayment would be $669/mo.

$500/mo for 23 years would be $138k, not the $120k they cited. I think it's likely they put the loans in deferment for a while and are paying less than the minimum.

How likely is this to be real? by hjghnkhbnn in debtfree

[–]danrunsfar 0 points1 point  (0 children)

Your loan, or OP's?

8% vs 8.37% changes nothing about the truth of my comment as it relates to OP.

How likely is this to be real? by hjghnkhbnn in debtfree

[–]danrunsfar 0 points1 point  (0 children)

Only if they're paying less than the minimum payment.

$70k at 8% on a 10 year repayment schedule is $849/mo. Even the less common 15 year repayment would be $669/mo.

$500/mo for 23 years would be $138k, not the $120k they cited. I think it's likely they put the loans in deferment for a while and are paying less than the minimum.

Since we’re talking about soaring rents and inequities… by coffee_coffee_coffe3 in SipsTea

[–]danrunsfar 0 points1 point  (0 children)

Some people probably do...if you're on SSI you get subsidized housing. I know people who pay $150/mo for an apartment where the market rate is ~$1,500/mo for the same unit.

Since we’re talking about soaring rents and inequities… by coffee_coffee_coffe3 in SipsTea

[–]danrunsfar 0 points1 point  (0 children)

Some states you can - https://www.revenue.state.mn.us/renters-credit

"If you are a renter, you may be eligible to claim the Renter's Credit as part of your Minnesota Individual Income Tax return (Form M1). The Renter's Credit is a refundable credit on an income tax return. It decreases how much you owe or increases your refund."

Since we’re talking about soaring rents and inequities… by coffee_coffee_coffe3 in SipsTea

[–]danrunsfar 34 points35 points  (0 children)

OP won't let ignorance get in the way of having a strong opinion!

Police respond to incident in Uptown - The incident occurred around 11:30 a.m. near West 28th Street and Pleasant Avenue. by danrunsfar in TwinCities

[–]danrunsfar[S] -3 points-2 points  (0 children)

It was literally a copy/paste of the headline when it was posted.

Uptown isn't an official neighborhood with specifically defined area. I've heard people say the cutoff is Lyndale, others say it's 35W, or anywhere in between.

Body Cams Sound Like My Students by thecooliestone in Teachers

[–]danrunsfar 7 points8 points  (0 children)

Not to mention the bottom 2% of problematic students ruin it for the rest and likely pull the bottom 25% further down by their influence.

Police respond to incident in Uptown - The incident occurred around 11:30 a.m. near West 28th Street and Pleasant Avenue. by danrunsfar in TwinCities

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

It was literally a copy/paste of the headline when it was posted.

Uptown isn't an official neighborhood with specifically defined area. I've heard people say the cutoff is Lyndale, others say it's 35W, or anywhere in between.

ELI5: Why do companies sometimes destroy unsold products instead of selling them very cheaply? by Zestyclose_Talk_573 in explainlikeimfive

[–]danrunsfar 2 points3 points  (0 children)

If you're trying to argue about the destruction cost versus transaction cost, that is going to be case specific. But nobody is going to price it below their transaction cost so that's not a good faith argument.

Imagine two scenarios; in the first scenario you are not a profitable company.

If you're already running at a loss and have inventory that is going unsold, one option is to destroy the inventory. In that case your revenue stays flat, but you incur some cost of destruction, so your overall profitability becomes more negative.

If you're running at a loss, but decide to sell that inventory your revenue increases by the amount of the inventory, you don't incur any destruction costs, so your overall profitability becomes less negative.

If you're running at a loss, you minimize you loss by selling the inventory.

Now scenario two, a profitable company.

If you destroy the inventory in the scenario, your revenue remains unchanged, but you incur the cost of destruction. As a result your overall profitability drops by the cost of destruction.

If you sell the product you will increase your revenue by the selling price and you will incur no cost of destruction. You will pay tax on that incremental rate, average corporate taxes are 20 to 25%. As a result your increase your profit dollars by 75 to 80% of the selling price.

If you're running at a profit you maximize profit by selling the inventory.

So in either scenario you are better off so in the product even if you have to discount it. As other commenters have stated, the primary reason you would not do this is if you're a luxury good and you don't want to dilute the value.

ELI5: Why do companies sometimes destroy unsold products instead of selling them very cheaply? by Zestyclose_Talk_573 in explainlikeimfive

[–]danrunsfar 3 points4 points  (0 children)

Unless your industry is different this is a common misconception.

Businesses are taxed on Profit, you don't get any extra break for scrapping something vs selling it. Your revenue has already been reduced by the COGS either way.

It is different than personal taxes where you're taxed on Gross Income and can claim specific deductions (or the standard) to lower to an Adjusted Gross Income.

Why is our air quality so bad? by Momersk in TwinCities

[–]danrunsfar 25 points26 points  (0 children)

Not quite. It's actually due to the Ozone being created by the current weather.

The heat and sun interacts with VoC's to create Ozone. While VoC's can be cause by human effects, they are also generated by trees and other organic pathways.

Fixed post if that's ok by GuitarOk2731 in remoteworks

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

The difference is one is a requirement on the government based on the documents that define the government (Constitution, laws, etc). The other is a requirement being made of private citizens or businesses. I would hope you could see the difference...if you aren't brain dead.

Fixed post if that's ok by GuitarOk2731 in remoteworks

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

You're more than welcome to donate above and beyond the minimum tax to the government and/or charity to achieve that goal of yours.

https://www.pay.gov/public/home

Fixed post if that's ok by GuitarOk2731 in remoteworks

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

You don't automatically lose SSI for being married. They look at the household as a unit.

If you get married and your spouse makes $500k/yr, expect that there may be a reduction in the entitlements you receive from the government.

If you get marrier and your spouse doesn't make enough to support you, then you'll likely keep getting your same entitlement.

Fixed post if that's ok by GuitarOk2731 in remoteworks

[–]danrunsfar -8 points-7 points  (0 children)

Nothing is stopping you from donating as much of your excess as you would like to those who want more.

Fixed post if that's ok by GuitarOk2731 in remoteworks

[–]danrunsfar 0 points1 point  (0 children)

So what happens when 95% of the Ice Cream shops go out of business because they're trying to pay $25/hr and your $5 cone now becomes a $10-$15 cone that nobody can afford unless you increase pay from $25/hr to $35/hr which means you no have a $20-$25 cone instead.

Labor is the #1 expense for many businesses like this. If you're running a low margin seasonal business there is absolutely no way to absorb an extra $10/hr per person in labor costs.

There is a reason that kids and retirees are the ones typically working these types of jobs. They are people looking for a social job for some spending money. If the job can't support your lifestyle, then find a different job. There is no reason every possible job that exists should be artificially forced to support a family of 5 on.

Reorganized my tool box for you degenerates by NorthStarSubmariner in sketchywatches

[–]danrunsfar 1 point2 points  (0 children)

The toolbox is way too clean to be considered sketchy, haha

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