zeke5123a
11mo ago
See my point. Poster is ignoring NOLs. If the poster is in the weird situation where it doesn’t have big historic losses and is basically cash flow neutral, then the R&D is a timing difference and should be able to be financed.
zeke5123a
11mo ago
It depends if polls are intended to show a snap shot of the election or intended to influence the election.
zeke5123a
11mo ago
The “official” numbers came out around 140k though the last two months were revised down heavily basically resulting in the ADP number. But yes, the labor market has been shitty for some time. The “official” numbers are catching up after they were manipulated.
Inflation is probably understated. Industry data on grocery store prices are about 75% higher than the CPI figure.
I too will be voting in our not quite fair state for Trump.
zeke5123a
11mo ago
The math doesn’t really math. These companies that had huge losses would have NOLs. Granted, the post 17 NOL limited to 80% of operating income. But that would mean at most 20% of the income subject to FIT so or an ETR of around 4%.
Really the change to 174 really would only impact a company that has only R&D expenses but didn’t have material historic losses.
zeke5123a
11mo ago
The 174 change has to be compared to all of the other changes (eg the 14 point rate cut). The nature of lowing the rate means the five year amortization pain is less because the deduction is worth about a third less. So that means the deduction isn’t driving decisions as much. Though yes I concede in the short run it is a bit of a drag.
The bigger drag may be Linda Kahn (sp) at the FTC killing M&A in the tech space. Tech development seems to happen a lot in an outsourced manner. Microsoft buys target X who did Y. Target X was funded by VC. But if FTC has practically shut down these outsourced R&D plays, then the economics means VC won’t invest as much into them since VC can’t exit timely. If VC can’t exit timely, then IRR gets screwy.
zeke5123a
11mo ago
It also is crazy how long kids need to be in car seats these days. I understand the NHTSA data. But it does add annoyance.
zeke5123a
11mo ago
The car seat is real (we just switched to a three row SUV).
Yes vacations get a bit more expensive but there are a lot of other savings.
zeke5123a
11mo ago
The cost of childbirth is basically the same (source — my wife with whom I’ve had multiple kids).
The real difference is that there is a diminishing marginal cost to each kid. Your lifestyle changes going from 0-1. Not a big change going from 1-2. Even smaller change going 2-3, etc). Also you can spread financial costs amongst a larger family more easily.
So if child birthing costs are similar and post child birth costs are lower compared to first, provided you get the same benefit out of the next you’d be inclined to have another kid.
I don’t think my wife thinks this way (and no do the other moms of multiples that I know) so I think OP doesn’t know what she is talking about.
zeke5123a
11mo ago
I’ve commented before how the “transplant” society makes it really lonely and isolating for stay at home parents
zeke5123a
11mo ago
Sure. But the NY charges were bullshit. The Florida charges may have been politically motivated but they aren’t bullshit.
zeke5123a
11mo ago
To me, there needs to be a way to distill the James Taggarts of the fictional world into an image. Rand wrote outlandish heroes but compelling villains. That imagery is effective.
zeke5123a
11mo ago
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The question with consolidation is whether there are large barriers to entrance. If no, then consolidation allows some degree of economies of scale whilst preventing monopolistic pricing.
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We see that play out in the beer space. Small barriers to entrance means there are numerous craft brewery options and such beers are actually more expensive vis-à-vis the mass produced beer. You would expect if there truly was monopolistic pricing and consolidation prices to rise drastically but we don’t see that.
zeke5123a
11mo ago
The flip side to that is that the parents are dictators and the kids lack agency precisely because they are kids. The intention is not for the kids to be free loaders the rest of their lives but to grow up into fully functioning adults.
zeke5123a
11mo ago
The response to that is 1) men wouldn’t need government if they were angels and 2) animal farm seemed to happen quite often — odd that each and every commie experiment was carried out by a Napoleon.
zeke5123a
11mo ago
Isn’t the simple response “the millions upon millions dead plus the remaining in abject poverty speak for themselves.” Even if the interlocutor responds with a no true Scotsmans defense, point out it was tried a lot more than once and every time it ends in perdition.
zeke5123a
11mo ago
POWs or terrorist being held captive is not the same thing as “held hostage.” Also wonder why IDF killed hundreds of Palestinians but not Egyptians
zeke5123a
11mo ago
Or many people believe the charges for Trump are trumped up kangaroo charges—not that he is graded on a generous curve.
zeke5123a
11mo ago
He’s been living politics for so long now he assumes everyone else has a similar knowledge base.
zeke5123a
11mo ago
I was scratching my head trying to figure out how someone pronounced white sans w. Hey look that guys hite!
zeke5123a
11mo ago
Let’s see:
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He ended Jeb Bush’s political career in a debate.
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He had one of the best lines in debate history “because you’d be in jail” which just might have pushed him over the top in 2016.
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He ended Biden’s political career in a debate.
He did poorly in 2020.
Not sure id say he is a top debater but he surely isn’t bad.
Your particular facts may vary (eg perhaps you were in a pass through and already used prior year loss on other income; you historically never had large losses). But as for an industry wide problem, I’ve looked at a large amount of tech start ups from a tax perspective and while there is a cash drag due to Section 174 changes it isn’t massive due to the historic losses. The bigger issue often is the BEAT issue / offshore R&D.
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