Scary enough for the locals. Can you imagine what it was like for the tourists?
AlooooHA, DBA! Yes, we had quite a confusing, surreal and scary morning here. I was awoken by the screaching emergency alert blowing up my phone and a few minutes later phone calls from friends around the Island wondering WTH was going on?!
I turned on the tv to find emergency tapers running across the channels telling us this is not a drill, a missile is headed to Hawaii within minutes and to return home or take shelter. SHELTER?!! Where? A lava tube? We have no shelters or bunkers, or any place to go! Crazy.
The people on Oahu were panicked. Local news showed people running out of hotels, off the beach....people in some neighborhoods lifted off manhole covers and were handing down their children to the sewers for protection. There is no place to go.
And you’re right, DBA, CIvil Service took too f’ing long to notify us of the false alarm. No one knew what to do.
@ k9 - that was one of my first thoughts also. Why can’t the military shoot it down?!
Lessons learned from today....enjoy each day, live life to the fullest and wear clean underwear.
Mahalo for your concern.
Scary enough for the locals. Can you imagine what it was like for the tourists?
May the force be with us.
Haahaa! I’m here on Oahu. I’m up at Schofield. I know of old Ammo holding area on a range. I’ve always remembered since I first saw it 2 years ago. I loaded my family up. Grabbed snacks and water and headed there. As soon as we arrived, the word got out about the false alarm. We have been stacking cases of water in the garage for about 6 months. Just one every once in a while. We got about 10 cases. Now my wife knows where to go. We made bug-out bags with MREs, first aid stuff and flashlights. We were the only ones there.
I asked my leadership back in May what the plan was if Kim decided to launch on us. They looked at me like I was stupid. I planned, they didn’t. When I texted my immediate supervisor today to find out the validity, he said “IDK, just find shelter or stay home!” I had most the provisions need for about 4 days with my family in a 30x100 ft bunker under about 10 ft of dirt and reinforced with 8 inch concrete walls. No electricity but the necessary items we brought with us would have been good enough.
Dido to the live life everyday, and cherish the moments you have. 2 deployments to AFG as 11B and this was my scariest moment, with my wife and 3 children.
Stay safe!
Sent from my iPhone using TSP Talk Forums
Luck favors the prepared.
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
I feel a little sick, but im going to suck it up and jump in. 100% S fund. I guess i will try to stay in long term.....haha...a few weeks?? We have many earnings reports coming and while it might drop next week, I still have feeling the market may see a Govt shutdown for what it is...politucal maneuvering. I think it shakes it off. Geronimo! But i am worried about it.
I am now fully convinced that I dont have a freakin clue!
Best wishes everyone!!!!!!!
Don't take my comments as trading advice /IFT: 4-1-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Good day to get back in....hard to hit a moving target. We knew we would get a pullback...and you found it!! To me it seems like good news, more of this letting off steam hopfully keeps the big drop from happening for a while.
Sent from my SAMSUNG-SM-N910A using Tapatalk
100% G fund COB 12/22/2023 Was 80%G 20%C
Yep...when I got in market Tuesday, it was high so I Felt awful getting in at high price. Then in afternoon it drops, so then I worry dang it, its gonna keep dropping. Lol.... So I guess it was just luck ??? But the next few days will tell...
Relieved it went up today. Just hoping it gives more. Still thinking to stay in rest of month. I expect fear will pick up with Government shut down looming, but believe any drop will be short lived.
Best wishes to you all !!!!!!!!!!
P.S. Futures are down on DOW right now by 27 points....earlier they were up 18.
Ohhhh....
NOKO is what really could mess things up. I heard Japan had a false alarm like Hawaii Tuesday... Not much said on it .... Hummm....makes me wonder if that was coincidence.... I guess will need to see if I can find more on that ..... Heard it on Fox.
Don't take my comments as trading advice /IFT: 4-1-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Hi Mcqlives, Sorry for late response. Yes, the March 15 date is when pass thru companies like limited liability partnerships and the small S Corporations must submit their 2017 tax returns. So loading up expenses in that 2017 return makes sense to reduce their tax burden in the year with higher tax rates.
You mentioned that "your realized valuation went from an effective 20% to something arguably in the 34% range. The reason for this is that 14% drop in the rate increased valuation a corresponding amount at the stroke of a pen." That is definitely true. When the tax rate was dropped for Calendar year 2018 down to 21% for corporations, it did drop the rate tremendously. That tax cut immediately resulted in the corporations keeping that 14-15% and not being required to pay it to Uncle Sam. Thus, instead of those being tax expenses on their books for 2018, it is now cash/liquid assets that is on their books, causing their net worth to increase by that same amount (I..e valuation of that business) with each passing day. That is why we are seeing employers giving employees bonuses or hourly wage increases.
Whether or not the amounts employers passed on to employees was/is equitable or whether the tax cuts increase to the National debt (due to Uncle not collecting the taxes that are always passed on to citizens who buy their wares) was a good thing is a different/political question that should not be addressed here.
But the bottom line is that those businesses have immediate reduced tax liability and they can now spend it as they see fit. Those who were quick and had working capital to expand their capacity (invest in their company's infrastructure) by spending money and creating the expenses in 2017 were able to capitalize on this. Good for them...Love it!
Last edited by DreamboatAnnie; 01-20-2018 at 01:07 PM.
Don't take my comments as trading advice /IFT: 4-1-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Please note that I have not read the entire law that was passed but aside from Corporate rates going to 21% there was also a provision that I must look into regarding pass through organizations as well as some provisions that affect rental property owners (possibly including sole proprietors).
My limited understanding at this time, is that rental property owners (landlords) are getting a 20% exemption on their rental property income and somehow it will also be claimable by sole proprietors for certain service businesses. Not sure about that service business part. I heard something about real estate brokers and accountants being excluded from the service businesses except when they make less than a certain dollar amount (maybe around $150k?? )
I don't believe IRS has been able to put out guidance yet, but I will be looking into it. I have some rental property in SA and so I am hoping I do not need to spend money to create a LLP (pass thru corporation) to take advantage of this.
Best Wishes to you all!!!!!!!!! Hope you are having a Great Weekend!!!!
Last edited by DreamboatAnnie; 01-20-2018 at 01:07 PM.
Don't take my comments as trading advice /IFT: 4-1-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
I wonder about a sale of a rental property and if taxes you pay on the sale (and depreciated amount) are charged as capitol gains or as real income?
kb9nvh,
I'm pretty sure that it is a combination of capital gains and ordinary income--it can be complicated.
--The actual gain is either ST or LT capital gain depending on the holding period
--depreciation recapture is taxed as income.
Note: I'm referring to residential rentals; not sure whether non-residential property rules are same or different.
Here is a recent article that provides a good summary and links to various IRS publications: https://www.thebalance.com/depreciat...apture-3192979 You can probably figure it out yourself by familiarizing your self with the different publications, use one of the higher priced tax programs or consult with a tax professional prepare your taxes when you actually sell the property.
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