PokerPacker Posted September 24, 2023 Share Posted September 24, 2023 15 minutes ago, Captain Wiggles said: Should only be a 15% capital gains tax on the profits of the $40k. Tho you might qualify for 0% because your total taxable income might be lower than the $89k. Definitely speaking to a CPA would be a good move as @skinsmarydu suggested. I don't think it's $40k of profit, but $40k of stock. Link to comment Share on other sites More sharing options...
Captain Wiggles Posted September 24, 2023 Share Posted September 24, 2023 3 minutes ago, PokerPacker said: I don't think it's $40k of profit, but $40k of stock. Yeah but the capital gains tax of 15% would only apply to the actual profits? The gains? I have no clue if the $40k is all profit. I just kinda assumed it wasn't. 1 Link to comment Share on other sites More sharing options...
skinsmarydu Posted September 24, 2023 Share Posted September 24, 2023 On 9/22/2023 at 10:27 PM, China said: i hate the hiccups. I have 'em now. They're caused by when you breathe and swallow at the same time. (mom, the nurse) Only way to fix it is to do it in reverse. (Put a straw in something, plug your nose, and swallow.) For some reason, it works. Link to comment Share on other sites More sharing options...
PleaseBlitz Posted September 24, 2023 Share Posted September 24, 2023 Hiccup cure is to sing a song at the top of your lungs. Link to comment Share on other sites More sharing options...
skinsmarydu Posted September 24, 2023 Share Posted September 24, 2023 Just now, PleaseBlitz said: Hiccup cure is to sing a song at the top of your lungs. So we can assume TTB never gets hiccups?!? Link to comment Share on other sites More sharing options...
PleaseBlitz Posted September 24, 2023 Share Posted September 24, 2023 14 minutes ago, skinsmarydu said: So we can assume TTB never gets hiccups?!? Not sure if that qualifies as singing, but probably similar results. 3 Link to comment Share on other sites More sharing options...
Corcaigh Posted September 24, 2023 Share Posted September 24, 2023 20 hours ago, TheGreatBuzz said: I think so. And yes. If you look at the account where the stock is held you can see if you have held it more than a year and what the cost basis is. If you’ve held it long enough for long term capital gains to apply, and say the stock cost $30k then you are in the 15% LTCG band as General Wiggles indicated, then you would pay (40k - 30k) * 0.15, i.e. &1.5k in taxes. 1 1 Link to comment Share on other sites More sharing options...
Mr. Sinister Posted September 24, 2023 Share Posted September 24, 2023 Ahh, Google is ****ing up my news feed again. Bunch of sites that I swear I Blocked years ago, are suddenly popping up all over my timeline (yea, it's exactly the news sources you're thinking of) Link to comment Share on other sites More sharing options...
Renegade7 Posted September 25, 2023 Share Posted September 25, 2023 Wife found my Berry Kix cereal...you have any idea how hard it's been to find these? Theres only one store in all of Woodbridge that does, now I have to share? Marriage blows, I want a divorce. 3 Link to comment Share on other sites More sharing options...
ixcuincle Posted September 25, 2023 Share Posted September 25, 2023 saw a bills bus from the RVA at yesterday's game...wonder if our Beal friend was on board 1 Link to comment Share on other sites More sharing options...
TheGreatBuzz Posted September 25, 2023 Share Posted September 25, 2023 (edited) This is a ridiculous example of how stupid our banks are. I own a vehicle free and clear worth $40k. I want a loan for $30k at a friendly rate and willing to use the car as collateral. *With my history and credit score with them, I'm offended that I'm asked for collateral but that is a different topic. They offered me like 7.95%. But a used car loan is like 6%. Can I just sell my car to myself? No. I could sell it to Buzzette but because we try to be coequal parts of the relationship, we are both on the title and can't sell it to each other. Literally my smartest financial move at the moment is to sell my car, take what cash I want from it, use the remainder to go buy and finance a new car at a special offer rate. This is why we are broke. Edit: I also offered significant stock holdings far above what is needed to borrow as collateral but they don't do that. Edited September 25, 2023 by TheGreatBuzz Link to comment Share on other sites More sharing options...
tshile Posted September 25, 2023 Share Posted September 25, 2023 (edited) @TheGreatBuzzhave you tried lightstream? They’re a Truist subsidiary (was under suntrust, who merged with bbt) You can do up to 100k with them and if you have good credit history they may not even hold the title (they didn’t with me) all online and quick and easy Edited September 25, 2023 by tshile 1 Link to comment Share on other sites More sharing options...
TradeTheBeal! Posted September 25, 2023 Share Posted September 25, 2023 1 hour ago, ixcuincle said: saw a bills bus from the RVA at yesterday's game...wonder if our Beal friend was on board Ewww. Heavens no. 1 Link to comment Share on other sites More sharing options...
TheGreatBuzz Posted September 25, 2023 Share Posted September 25, 2023 41 minutes ago, tshile said: @TheGreek1973have you tried lightstream? They’re a Truist subsidiary (was under suntrust, who merged with bbt) You can do up to 100k with them and if you have good credit history they may not even hold the title (they didn’t with me) all online and quick and easy I'm assuming you meant to tag me. 1 Link to comment Share on other sites More sharing options...
tshile Posted September 25, 2023 Share Posted September 25, 2023 2 minutes ago, TheGreatBuzz said: I'm assuming you meant to tag me. Hahahaha yes. Yes I did. 🤦♂️ 1 Link to comment Share on other sites More sharing options...
PleaseBlitz Posted September 25, 2023 Share Posted September 25, 2023 (edited) 1 hour ago, TheGreatBuzz said: This is a ridiculous example of how stupid our banks are. I own a vehicle free and clear worth $40k. I want a loan for $30k at a friendly rate and willing to use the car as collateral. *With my history and credit score with them, I'm offended that I'm asked for collateral but that is a different topic. They offered me like 7.95%. But a used car loan is like 6%. Can I just sell my car to myself? No. I could sell it to Buzzette but because we try to be coequal parts of the relationship, we are both on the title and can't sell it to each other. Literally my smartest financial move at the moment is to sell my car, take what cash I want from it, use the remainder to go buy and finance a new car at a special offer rate. This is why we are broke. Edit: I also offered significant stock holdings far above what is needed to borrow as collateral but they don't do that. Sell it to me for cash and I will sell it back to you, so you can get the used car loan rate. For a 2% “convenience fee” of course. Edited September 25, 2023 by PleaseBlitz 1 Link to comment Share on other sites More sharing options...
TheGreatBuzz Posted September 25, 2023 Share Posted September 25, 2023 1 minute ago, PleaseBlitz said: Sell it to me for cash and I will sell it back to you, so you can get the used car loan rate. For a 2% “convenience fee” of course. There would be taxes involved, etc. Though I believe we could gift it to her mother and then buy it from her with minimal taxes. But I can't stand her mom. 3 Link to comment Share on other sites More sharing options...
TheGreatBuzz Posted September 25, 2023 Share Posted September 25, 2023 I do have to be honest that some of this is just a realism check for me not being active duty anymore. Because of discounts, I haven't paid more than 6% on debt in 20 years. And that 6% was my Discover card apr. Link to comment Share on other sites More sharing options...
The Evil Genius Posted September 25, 2023 Share Posted September 25, 2023 1 hour ago, TheGreatBuzz said: I'm assuming you meant to tag me. I want to know what other browser tabs tshile has open. 😄 Spoiler No I don't. DADT. 1 Link to comment Share on other sites More sharing options...
abdcskins Posted September 25, 2023 Share Posted September 25, 2023 Chick-Fil-A mac and cheese 😮 Way better than I anticipated. 8.6/10 Link to comment Share on other sites More sharing options...
The Evil Genius Posted September 25, 2023 Share Posted September 25, 2023 (edited) I would like, if I may, to take you on a strange journey... And it's 48 years ago. Not 44... Edited September 25, 2023 by The Evil Genius 3 Link to comment Share on other sites More sharing options...
The Evil Genius Posted September 25, 2023 Share Posted September 25, 2023 RIP David McCallum. Ducky aka Illya Kuryakin. 3 Link to comment Share on other sites More sharing options...
Mr. Sinister Posted September 25, 2023 Share Posted September 25, 2023 Was gonna make some jambalaya tonight, and Jesus h, those smoked sausages from Hilshire farm are over $6.50 now 😪 1 Link to comment Share on other sites More sharing options...
skinsmarydu Posted September 25, 2023 Share Posted September 25, 2023 1 minute ago, Mr. Sinister said: Was gonna make some jambalaya tonight, and Jesus h, those smoked sausages from Hilshire farm are over $6.50 now 😪 I got one (hot) the other day, and I'm sure it wasn't that much...damn, sorry! Then again, if you can get at least 2 meals out of it, could be worth it. 1 1 Link to comment Share on other sites More sharing options...
TradeTheBeal! Posted September 25, 2023 Share Posted September 25, 2023 Wild to think about dudes 100 years ago cooking up color schemes/aesthetics like this. https://bringatrailer.com/listing/1931-cadillac-370-a-convertible/ 1 2 Link to comment Share on other sites More sharing options...
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