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Everything posted by Commissar SFLUFAN
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Canada’s richest 87 families have roughly the same amount of wealth as that held by 12 million of their compatriots, or about a third of the country’s population, according to a new report. The report, published on Tuesday by the left-leaning Canadian Centre for Policy Alternatives, found that in 2016 the net worth of the richest was 4,448 times that of the average Canadian.
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- Canada
- Inequality
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The Guardian is publishing a week-long series revealing the effects of China's Belt and Road Initiative on cities around the world, Jon Watts journeys from the steppes of Central Asia to the Black Sea and into Europe, as Beijing's grand plan radically remakes the lives of people in its path. What is China's Belt and Road Initiative? Cities of the New Silk Road 'No Cambodia left': how Chinese money is changing Sihanoukville China in Africa: win-win development, or a new colonialism?
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- New Silk Road
- Belt & Road Initiative
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From what I understand, it's originally a Native American sport (despite the French name) that involves passing a ball between players using a stick with a net or some other type of catching device on the stick's head that has inexplicably become popular among wealthy white people.
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Football Why Your Team Sucks 2018
Commissar SFLUFAN replied to GeneticBlueprint's topic in The Locker Room
It takes a special...uhhhhh..."talent" to go 1-31 in the 2018 NFL. -
U.S. spy agencies are seeing signs that North Korea is constructing new missiles at a factory that produced the country’s first intercontinental ballistic missiles capable of reaching the United States, according to officials familiar with the intelligence. But...but...they kinda/sorta agreed to promise...something.
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- Best Korea
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Where do I begin with this? Does it only apply to "intangible" capital assets? If not, does it apply to capital assets that have been subject to depreciation exoense and its associated tax benefits? If so, how is that depreciation expense treated with regard to an inflation-adjusted stepped-up cost basis?
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Trump Administration Mulls a Unilateral Tax Cut for the Wealthy The Trump administration is considering bypassing Congress to grant a $100 billion tax cut mainly to the wealthy, a legally tenuous maneuver that would cut capital gains taxation and fulfill a long-held ambition of many investors and conservatives. Steven Mnuchin, the Treasury secretary, said in an interview on the sidelines of the Group of 20 summit meeting in Argentina this month that his department was studying whether it could use its regulatory powers to allow Americans to account for inflation in determining capital gains tax liabilities. The Treasury Department could change the definition of “cost” for calculating capital gains, allowing taxpayers to adjust the initial value of an asset, such as a home or a share of stock, for inflation when it sells. Oh, I just can't wait to see the baseline inflationary measure they come up with for this! Essentially, Treasury would have to provide the benchmark that would be used to calculate the "stepped-up" cost basis of the asset. Let's assume that it's the CPI-U (the most common inflationary measure), then the question is which year will be used as the baseline from which to determine the stepped-up cost basis.
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But will he go all the way and give us a Louis XVI worthy performance?
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- France
- Emmanuel Macron
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Nintendo A New York hedge fund is betting big against Nintendo
Commissar SFLUFAN replied to Chris-'s topic in The Spawn Point
OLOLOLOLOLOLOL -
Football Why Your Team Sucks 2018
Commissar SFLUFAN replied to GeneticBlueprint's topic in The Locker Room
This is BY FAR the best part of the NFL season!