Schiit Happened: The Story of the World's Most Improbable Start-Up
Jan 19, 2024 at 5:01 PM Post #136,876 of 155,228
Schiit N Music
Friday afternoon

Windy with cold air settling in.

Errands, lunch and home.
Mjolnir 3 and Mjolnir 2 (5670 Raytheon JAN JRP ) running warm.
Projects, including trains.

Completed train set up:
NYC.jpg



Highlight - Aretha Franklin: Spirit In The Dark - CD rip

Enjoy the Schiit N Music

Edit:
These trains are my sons.
The trains were collected when he was a mid teenager.
The buildings (except platform) he glued up when a pre/early teen.

Edit 2:
Over 20ish years ago.
 
Last edited:
Jan 19, 2024 at 5:08 PM Post #136,877 of 155,228
Schiit N Music
Friday afternoon

Windy with cold air settling in.

Errands, lunch and home.
Mjolnirr 3 and Mjolnir 2 (5670 Raytheon JAN JRP ) running warm.
Projects, including trains.

Completed train set up:
NYC.jpg


Highlight - Aretha Franklin: Spirit In The Dark
Enjoy the Schiit N Music
Sweet! I'm assuming the bar is in the building with the red roof? :smile:
 
Jan 19, 2024 at 5:19 PM Post #136,879 of 155,228
Just proves how experience affects one's interpretation. I picture stuff like this for the word Paladin. It's actually fitting given what @Paladin79 used to do for a living.

Paladin PA1670 EDAC_ELCO Crimper.png
My last name is actually a much larger tool company. :ksc75smile:
 
Jan 19, 2024 at 5:23 PM Post #136,880 of 155,228
Jan 19, 2024 at 5:25 PM Post #136,881 of 155,228
Why thank you, or am I reading that wrong?🤪 Let's check out your name...

cowen

noun​

  1. Same as cohen.
  2. Eighteenth-century spelling of cowan (one uninitiated in the secrets of Freemasonry).
 
Last edited:
Jan 19, 2024 at 6:05 PM Post #136,882 of 155,228
Jan 19, 2024 at 6:16 PM Post #136,883 of 155,228
Didn't know your last name was Snap-On?! That's amazing! 😂
lol nope but three letters are correct. It is also not Starrett, they invented combination squares. Nor is it Black and Decker or Dewalt.😉 It is a Scottish name and my father’s side is from England.
 
Last edited:
Jan 19, 2024 at 6:19 PM Post #136,884 of 155,228
IIRC, in the USA no tax is due in such cases if the amount is reinvested within a certain timeframe. (An opportunity not available to Canadians, unfortunately.)

JC

This is not right at all, at least for stocks, I don't have experience with other assets. Once you realize a capital gain on sale of an equity you owe tax for it in that fiscal year. The wash sale rule which someone else mentioned is actually intended to CAPTURE a tax situation rather than avoid it. Essentially, the rule is that if you sell an equity AT A LOSS (thus triggering a capital loss) and then rebuy the same security within 30 days, the net is that you cannot declare the loss on the sale. I know of no rule where selling equity A and then buying equity B results in no taxable situation on the sale of equity A in the US tax code except in the above mentioned wash rule, and that is not beneficial to the taxpayer.

Thank you for the added info. I'm looking at this from a Cdn investor's side and I'm pissed every time I sell an equity and capital gains are due immediately leaving only the net amount available for reinvestment. I like the American way better.
/rant

:beerchug:
JC

As a US investor it works exactly as you describe for Canada so there is no reason to look longingly at the US tax code, at least in this instance.
 
Last edited:
Jan 19, 2024 at 6:28 PM Post #136,885 of 155,228
Does this mean that I'm a cognoscenti? I think that's good, right? But if I wear it in public I have to explain to people that the tube was born in 1957 and I'm not that friggin' old. I was born in 1958, fer chrissake. 🤣

Footscray T 1.jpg
... compared to CV455 KB/FB, that makes you 'new production' ...
 
Jan 19, 2024 at 6:32 PM Post #136,886 of 155,228
As a US investor it works exactly as you describe for Canada so there is no reason to look longingly at the US tax code, at least in this instance.

Well, I'm feeling better now. Thank you for the info. (Good thing I don't have to fill out US tax forms.) :)

:beerchug:
JC
 
Jan 19, 2024 at 6:35 PM Post #136,887 of 155,228
Jan 19, 2024 at 7:21 PM Post #136,888 of 155,228
Not completely accurate.

Tesla (the company) paid at least 7.65% of their entire payroll cost in taxes, before any OTHER taxes. Just like all their employees did.
My apologies. I thought we were only talking income taxes. Or shall we also count the gas tax they reimbursed their suppliers for :)
 
Jan 19, 2024 at 7:25 PM Post #136,889 of 155,228
Jan 19, 2024 at 7:25 PM Post #136,890 of 155,228
Very glad to hear you're back home and hopefully fully on the way to recovery.
Thank you very much. I hope to recover to my baseline snarkiness and usual indifference within a few days. This process may be expedited by the application of a catalyst of highly rated Melz 1578 and similar NOS devices by the likes of certain generous individuals that will remain anonymous.
 
Last edited:

Users who are viewing this thread

Back
Top