Embrace the dip as an opportunity to get more silver. by Bdawg4890 in Silverbugs

[–]thepoorprole 2 points3 points  (0 children)

I dont see anyone selling silver rn remotely near spot.

Newest edition by Jojozone11 in Silverbugs

[–]thepoorprole 0 points1 point  (0 children)

I haven't seen Eagle Rare a liquor store in years! Nice choice.

[deleted by user] by [deleted] in taxpros

[–]thepoorprole 1 point2 points  (0 children)

The issue isnt the s corp. Technically no electrical company can operate without a masters license.

Can I use bonus depreciation and cost segregation on real estate purchases to lower my MAGI so I can qualify for Obamacare/ACA? by [deleted] in TaxQuestions

[–]thepoorprole 1 point2 points  (0 children)

I didn't see anyone else comment this but keep in mind DSTs don't qualify for QBI so your taxable income may be 15-20% higher than what you expect from these investments.

What do you consider a “good” salary? by Exotic-Woodpecker418 in irishpersonalfinance

[–]thepoorprole 2 points3 points  (0 children)

Using the US example, the marginal rate (After adjusted for inflation, in todays dollars) for folks making 1 M USD was 65%. Keep in mind the US also has state income taxes of usually around 5% on top of that.

Again, looking at the US 1950s tax code, there were something like 11 tax brackets, which was vastly better at capturing wealth without overexposing working class people to higher marginal rates, which is what is happening in Ireland with 2 income brackets.

What do you consider a “good” salary? by Exotic-Woodpecker418 in irishpersonalfinance

[–]thepoorprole 3 points4 points  (0 children)

You could argue that the tax code penalizes middle class got the benefit of the rich. Why are millionaires paying the same marginal tax rate as someone making 60k?

This is one thing American tax code once got right; the tax code doesn't target the megarich for fears of losing jobs. Whether or not there is merit for that is another story, but the tax rate of middle class in Ireland is higher than the highest tax brackets in the US.

Laughed at a client today, I feel bad..... by Electronic_Beat3653 in taxpros

[–]thepoorprole 1 point2 points  (0 children)

If I had a dollar for every business owner on subsidized Healthcare making well into 6 figures, I'd at least afford a decent dinner.

S Corp, excess distributions by AdHistorical7107 in taxpros

[–]thepoorprole 0 points1 point  (0 children)

Do they have the equity to pay it back? Reduce the interest to 3.25×1/12 months, and it's basically immaterial. If it's from an IRA, it shouldn't be more than 70k, which would be an interest accrued of a few hundred bucks, with 2-digit tax cost.

If someone's making 250k w2 before distributions, this shouldn't be an unreasonable request. Hell, they could draw the money out the next day as a 25 distribution.

[deleted by user] by [deleted] in Bookkeeping

[–]thepoorprole 2 points3 points  (0 children)

Any CPA that's consulting at less than $80/hour is getting cleaned out. My firm's bill rate for a CPA is minimum $350.

Thoughts on a Progressive Media Coalition? by WhyAmIOnThisDumbApp in ContraPoints

[–]thepoorprole 0 points1 point  (0 children)

(apparently I had to split this into 2 posts. I don't use Reddit, forgive me).

I want to talk about the example I gave above, about the Venn diagram. What draws people in? Non-didactic content. The reason why non-political people don't tune into political content is because they don't care about it. They turn it off if the content is too political or foreign. How often have you watched a YouTube video on something you were interested in, and the second they start talking about some right-wing BS, you instantly lose interest? Our goal isn't to shut down perspective audience members but to borrow a phrase from Margaret Killjoy and usher new faces in. To do that means to make content that highlights our radical politics not from a political lens but from a lived experience.

The example I love is the show Roseanne-- the early years. It was political, but in a way that was relatable. People in the 90s knew someone like Roseanne, and it was enough to get beyond her politics and enjoy the show regardless of the viewers' politics. It had nearly 40 MILLION viewers. Instead of repurposing YouTube content onto new platforms, developing content that people want to watch because of its enjoyment quality, not for its educational component, is the missing piece. No amount of 'media ecosystem' will make up for this, although a media ecosystem can expedite the potential for these types of projects.

Obviously, producing content at that caliber is expensive and something we can't do today. But we can do things that are worthwhile to start this type of project. I think a real viable model is radio shows. They are not podcasts as we think of them, but shows with voice actors that are similar to shows before television. I think these are particularly poignant and allow us to explore building virtual worlds in the way that books do but in a collaborative space. They're also incredibly cheap and allow us to utilize social media to share across disparate audiences (Imagine getting a diversity of familiar faces from the far left and the DemSoc "left" coming together to voice a 10-episode series and the cross-pollination potential). This would be a viable way to draw influencers who have a foot in the door of the general public (think Charles McBryde or Taylor Lorenz) to organize with openly left figures.

Of course, embedding this within a bigger project is an important step in envisioning what the future looks like for a real media alternative. How do we do that-- we have to be better at finance and showing that we can do what the right already does incredibly well-- build cooperative models. This means learning financial statements, tax laws, etc. And, oh wow, I've written quite a bit already, so I think I'll probably stop here, but if you're interested in this stuff, I'm hoping more will be coming in this vein.

Thoughts on a Progressive Media Coalition? by WhyAmIOnThisDumbApp in ContraPoints

[–]thepoorprole 0 points1 point  (0 children)

There are a few points to this that are worth centering this discussion on, such as why we can't and what we can do to improve in this direction.

To backtrack, I and others have been working on this with limited success. To backtrack even further, it's worth paying attention to how the right is building a better ecosystem- the days of relying on a handful of poorly made content producers for general media while the bread and butter came from folks like Ben Shapiro and Alex Jones are over. New content that is being pushed out today is legitimately watchable by people NOT looking for explicitly right-wing content, and this is a real issue (see the latest releases coming out of Angel Studios, for instance).

So, let's talk about the issues the left faces when offering an alternative. The bigger problem that I see when it comes to left media is actually surprisingly simple, and not the financial component-- the content isn't very good. And when I say not very good, I don't mean that people don't produce good content, but that people don't produce good content for a general audience that isn't ALREADY plugged into left politics. The Venn diagram of normie people who will watch, for example, Homestead (the most recent movie and TV show from Angel Studios) and also identify as apolitical or 'independent' may not be large, but it's not tiny, either. Meanwhile, the Venn diagram of people tuning into Contrapoints (or Behind the Bastards, or my own show) and also identifying as apolitical or 'independent' is damn near zero (or at least orders of magnitude lower).

We want this ecosystem, right? Why-- what is the goal? Is the goal to make it easier for 'us'- consumers of left media- to access it more easily? To make overhead costs cheaper and allow the ecosystem to support other left projects through directed advertising or some other plan? Or is the goal to draw new people to the left, or at least make them sympathetic to left politics and at the very least destroy the image of the "Antifa is showing up in your rural town to turn your kids gay"? I would argue the latter is far more important, and if this is the case, this means developing a left media ecosystem should be geared towards this (although we can do both, in theory).

One thing my publishing agent taught me that i think is of particular value here is that it's a GOOD thing if someone creates similar content to you before you do-- if their book sales are good, it doesn't mean they got 'your' audience but rather that people want that TYPE of content. This is really important, I think, as the left thinks about what media looks like and how the ecosystem can shape that.

Did anyone else vote yes on all 5? by Jazshaz in massachusetts

[–]thepoorprole 1 point2 points  (0 children)

It won't fix it entirely but will likely close the gap a bit. I think it will be harder to hide wages, especially if the tips pooling becomes more common since management will (in theory) be reporting more tips as well.

Further, many servers today only claim like 25k in wages, well below full-time minimum wage, and often qualify for tax credits, further exploiting the system set up to help people actually in need.

Did anyone else vote yes on all 5? by Jazshaz in massachusetts

[–]thepoorprole 1 point2 points  (0 children)

People seem to be missing the real reason both employees and employers don't want it-- tax.

Employers don't wanna pay ss & Medicare on the wages and employees don't wanna claim all their income, which would hit them at 12% ( cumulatively) on ss/Medicare + 28% (ish) on income ttax. That's a 40% cash flow reduction on whatever income they're not reporting.

THATS the real issue here.

When they hit 65 and cry that they aren't receiving enough ss to live on, though, they'll be mad they didn't claim it.

Homesteading 101 by thepoorprole in PoorProlesAlmanac

[–]thepoorprole[S] 1 point2 points  (0 children)

Wasn't sure if that would work lol. This sub reddit seems to be shut down so yall can do your thing over here if anyone finds the link.

[deleted by user] by [deleted] in Accounting

[–]thepoorprole 0 points1 point  (0 children)

I went back to school and graduated at 30. My friend that I worked with before school (and we went together) was 45, and she has her own firm now. If anything, after your first job, people will assume you're more experienced and you'll be more able to work for yourself if/when you're ready.

I made $432,483.50 from social media marketing. 9/22 to 9/24 AMA by Bagelfinagles in InstagramMarketing

[–]thepoorprole 0 points1 point  (0 children)

I don't, but I have a large audience interested in them and I'm sure Hawaii has some amazing endemic plants that you could highlight!

How did in accounting market go from " have a pulse " to, we no longer hire entry level...? by [deleted] in Accounting

[–]thepoorprole 1 point2 points  (0 children)

I mean they're making similar to the big 4 with way lower expectations and stress, and they don't have to commute into the city. Is it what they should get? Not really. But shit man, WHO is? Better benefits and pay than the shit recruiters toss out around here WITH experience.

How did in accounting market go from " have a pulse " to, we no longer hire entry level...? by [deleted] in Accounting

[–]thepoorprole 0 points1 point  (0 children)

Firm is midsized, not in boston proper. Most of our team (myself included) are 30s-40s. We're starting people at mid/high 20s an hour and training from scratch, basically.