Comments

This profile is from a federated server and may be incomplete. Browse more on the original instance.

jazzup, to world in 'There Are No Kings in America': Biden Blasts Supreme Court, Issues Dire Warning After Immunity Ruling

The feeling of helplessness is overwhelming.

Yeah. It’s incredibly frustrating that we are at this point.

jazzup, to world in 'There Are No Kings in America': Biden Blasts Supreme Court, Issues Dire Warning After Immunity Ruling

Expanding the court doesn’t require congressional approval

That is incorrect. Changing the size of the Court is understood to be a power that Congress has because of the Necessary and Proper clause, and not a power of the Executive.

For an act changing the size of the Court to pass the Senate, you first need 60 Senators to break the filibuster. This means that 10 Republican Senators need to vote for increasing the size of the Court for any such legislation to pass. That’s not going to happen.

jazzup, to world in 'There Are No Kings in America': Biden Blasts Supreme Court, Issues Dire Warning After Immunity Ruling

Biden could not have expanded the court. That requires an act of Congress. Even if the Democrats passed such an act in the House, it would have been dead in the Senate because they have never had the needed supermajority and none of the Republicans would have voted for it.

jazzup, to games in Steam Summer Sale - Top Deals

I really liked Grounded.

I haven’t tried it yet, but Abiotic Factor looks pretty fun and has great reviews. It’s early access though.

jazzup, to games in Steam Summer Sale - Top Deals

This is one of my personal favorites and the one that introduced me to the crafting/survival genre. I highly recommend it.

jazzup, to gaming in Steam/GOG Summer Sales

If you enjoy games like divinity original sin, you should definitely consider picking up pathfinder: wrath of the righteous.

jazzup, to politics in Still Unable to Post Bond, Trump Has Most Crazed Meltdown Yet

It seems the confusion is that you think whatever the total amount the item sells for is a “gain.” A gain is the profit - the difference between what you sell the asset for and your cost basis in the asset.

In your car example, the cost basis is 50000. If you then sell it for 10000, you then have a capital loss of 40000. You don’t pay taxes on the 10000 because it is not earned income and it is not a gain - it’s part of your original capital. And you obviously don’t pay taxes on the 40k loss. And since it is a car, you can’t even deduct the loss.

If you sell the car for 55000, then you have a gain of 5000 (the difference between your cost basis of 50000 and what you sold it for). You are taxed on the capital gain of 5000, not on the entire 55000.

jazzup, to politics in Still Unable to Post Bond, Trump Has Most Crazed Meltdown Yet

Your explanation is wrong.

Here is an explanation of capital gains directly from the IRS:

www.irs.gov/taxtopics/tc409

jazzup, to politics in Still Unable to Post Bond, Trump Has Most Crazed Meltdown Yet

You need to read more about how capital gain taxes work.

In your car example there would be a capital loss, so no taxes would be owed.

If you sold it for 55000, then there would be a capital gain and you would owe tax on the 5000 profit.

Here is an article that explains it relative to your example:

dmv.org/…/income-tax-implications-of-selling-a-us…

  • All
  • Subscribed
  • Moderated
  • Favorites
  • fightinggames
  • All magazines