Couldn’t have said any of this better myself.
Couldn’t have said any of this better myself.
Mocking me for simply pointing out that ratios give better perspective than raw numbers is only making you look like a moron, just so you know.
Most countries don’t have 340,000,000 people, either.
You left out some pretty important context in that quote to make it seem like it’s saying that realization is arbitrarily decided. In truth, all this is saying is that realization is not confined to reception of cash itself:
While it is true that economic gain is not always taxable as income, it is settled that the realization of gain need not be in cash derived from the sale of an asset. Gain may occur as a result of exchange of property, payment of the taxpayer’s indebtedness, relief from a liability, or other profit realized from the completion of a transaction.
As it says at the end there, the ways to realize gain all necessarily entail “profit”. A loan is not profit, nor is an already-owned asset transform into profit when used as collateral.
The above could absolutely not be used to support your argument, nor refute mine–not when you read it honestly and in context.
I don’t like guns either, just trying to be objective about it. People like to talk about the US like we’re all constantly gunning each other down, but the reality is that it’s quite rare.
Even moreso if you don’t count stuff like gang hits, which this was.
That’s still almost 3 dozen short of Gaston, they’ll never get large at this rate.
Would be very surprised if that wasn’t at least a factor, there is definitely at least correlation there, if not causation.
To be fair, 432 shootings in a country of 340,000,000 isn’t THAT crazy, relatively speaking, especially considering the existence of the 2nd Amendment, and that last I heard, there are more guns in the US than people.
where is their sense of self preservation?
They’re high schoolers, it hasn’t developed yet lol.
Realization is the establishment of value not sale for cash
Absolutely nonsensical massive straw-grasp. If that was true, that would mean that everything that HAS a widely-established market price is instantly and permanently to be considered realized by everyone who owns it.
Short answer is: to incentivize investment/entrepreneurship etc., which is good for the economy as a whole.
The United Roviet Rocialist Sepublic?
Anyone seriously talking about the 95% rate can be safely ignored as a liar by omission.
The amount of stuff you could deduct was very different back then. Nobody actually paid 95%, regardless of what the law literally said.
There is a reason this person is not showing you per capita tax revenue over the same time period.
How does this actually make any sense though? All collateral is, is a safety net to mitigate loss for a lender who lends to someone who then defaults on the loan. If the loan is not defaulted on, literally nothing happens to the collateral.
How then does it make any sense to consider the mere act of the loan being given as a realization of the collateral, in other words, equivalent to having sold the collateral, when literally nothing has happened to it?
This feels completely arbitrary. Using an asset as collateral is nothing like realizing it.
The government also told the public that the income tax was going to apply only to rich people, how’d that turn out?
Hell, I don’t even want to ban users guilty of piracy.
Yeah, if someone shoplifts from a store, the punishment/penalty should not involve confiscating the car they drove to the store, lol.
Please realize that ridiculous exaggeration and generalization like this has literally zero benefit, and only makes it that much harder to shift voters toward blue.
I realize that, and mainly considered the bottom of the range as a result; $18 is still a far cry from $12, after all.
How do they get their first customers without advertising?