Recent content by dtuuri

Well, I stand by my assertion because if the controller is compliant with par. a & b, then the OP's post is moot because the intention is explicit. Therefore, only 4. applies which implies an EFC (or "no expected delay" under b. 1., essentially the same thing). No?

Exactly. Listening for "Direct to" or some such variation and concluding it's a limit is missing the point. If it's a limit, there's supposed to be an EFC. Otherwise, it's a mistake.

Wrong key words, imo. You should all be listening for an EFC. None given? Better ask for one ASAP if you think it's a limit.

Raisins at Aldi's is up to $1.99 from $.99 how's that math work out?

Well, if they invested the money rather than indulged in it, a lot more of good could have been done was my point.

Not a jar, but how about burying their money in a Rolls-Royce? I found an article about a piece Milton Friedman wrote in Newsweek that explains why wealthy Brits used to prefer to ride around in expensive Rolls-Royces than risk their money in investments...

What if it wasn't a primary residence, but a vacation home they rent out. Would it have been a reasonable example then?

I think I see what you did there, so getting back to Assisted Living which I am currently in the process of securing for a good friend, how do you apply your version of @StraightnLevel's canard?

I see. In other words, if they had a ten-room house, after the government takes away 27.6% of the gain they'd only be able to replace the house with, say, a smaller 7-room house and half bath right next door that was built at the same time and by the same builder?

I don't think it applies here. I relish this conversation in the hope it educates more people than just me. Politicians should do a better job of explaining economics — in the way of Milton Friedman.

So, on a million dollars of passive income, there's $76,000 of "inflation tax" on an investment that didn't really gain any value at all? Now, why would the government do such a thing? (Rhetorical question.) Do you s'pose the trillions of dollars they spent in the last few years has anything to...

Still looking for an explanation. If the capital gain is due to inflation, say 20% over the last three years, the billionaire needs to pay 20% of that in taxes? :confused:

:rofl:

How does that work (I'm not a billionaire)?

Hmm... Must be the engineers.