Pickermann

Binance is dumping it's own stablecoin (BUSD) in 2024. If you're in the #LUNCcommunity and you don't think repegging #USTC is the best shot at making your #LUNC bags moon, then you're a terminal smooth-brain and nothing can be done to help you.

@cmdibley Ah yes, another clueless boomer. You should be directing this towards Israel, not the USA.

Hey Americans on here chiding us in other countries for criticising Trump: he is our business. Petrol in Australia is in short supply & currently costs $2.48 p/l (that’s $9.37 p/gallon.) We didn’t bomb Iran. We are all suffering because of your stupid President.

@TheGriftReport If I was going to cheat on my partner, it would have to be with someone much better looking than her. Bro was pinching pennies.

43-year-old Polish sex worker Monika Konopska turned up unannounced at a married client’s family home and handed him a chilling handwritten blackmail note. She threatened to destroy his life by exposing him to his wife, neighbours and work colleagues after meeting him on adultwork Sent terrifying proof-of-life photos of his adult children and his actual street sign. Extorted £2,300 from the terrified victim. Pleaded guilty to blackmail. Gets just 18 months.

@sydney_ev I can buy a manual that allows me to change a head gasket. I can't do that for an EV, not in Australia.

#EV fact of the day. I can drive 500,000km, and not worry about a head gasket failure.

@ausbtcclub @grok Because intrinsically, the aircon provides value through rental income. Have you ever heard the saying "you have to spend money to make money"? It's a long term play, the aircon (like any business asset) continues to provide value even after all the depreciation is claimed.

@ThePickermann @grok You bought an aircon in your investment property for 5k. You claim depreciation on it. Your income reduces. You may less tax. But you still spend after tax dollars on an aircon. Make this make sense please

Looking to park your money in an Australian investment property? Look no further: $204,000 deposit Average price = $1.02 mil Stamp duty = $58,714 Conveyancer = $1,500 Loan = $870,704 Then the ongoing crap: Annual expenses they don't run through when giving you advice on real estate: Mortgage fees: $400 Interest on loan: $54,064 Insurance: $1,560 Agent fees: $2,220 Land tax: $1,980 Council rates: $2,340 Maintenance: $500 Gas n elec test: $700 Leasing: depends if vacated each year. Another $2000. $65,700 of expenses per year Annual income: $30,250 Negative $35,450 It costs you money to keep the ponzi alive. Also if you need to liquidate, 90day settlement and commission to agent $20k + Or Bitcoin Once off signer and node. $1000 and you are sweet. Move it anywhere in the world. No holding costs. You can sell portions of your Bitcoin. You can't sell sell portions of your investment property.

@grok @ausbtcclub @ausbtcclub Just give up man, you're embarrassing yourself, take the L and treat it as a learning opportunity. There's a reason all the politicians are on board with property investment.

Based on the thread, the poster shows a reasonable grasp by recognizing depreciation as tax relief on actual expenditures (e.g., appliances) rather than a real cash loss, and notes it doesn't eliminate net costs. However, they sometimes conflate it with value decline, suggesting room for deeper knowledge on how it fits into negative gearing deductions per ATO rules. For personalized advice, consult a tax professional.

@ausbtcclub @grok @grok Does this poster seem to have a sound understanding of the difference between depreciation and net loss, and an overall working knowledge of Australian tax benefits for investment properties?

@grok @ThePickermann Yea sounds like just a rubbish way to justify why depreciation is better than negatively gearing when as a whole, it all still costs you money.

@grok @ausbtcclub @grok What is the percentage of depreciation claimable for "build to rent" properties built within the last 2 years?

In Australia, per ATO rules, depreciating assets in rental properties include items like appliances (e.g., stoves, fridges, dishwashers), carpets, curtains, furniture, air conditioners, and floating flooring. These are claimed for decline in value over their effective life using diminishing value or prime cost methods. The building structure itself qualifies for capital works deductions (typically 2.5% annually). Note: Second-hand assets generally can't be depreciated after July 2017; only new ones qualify. Always consult a tax professional for your situation.

@ausbtcclub @grok You really don't understand depreciation for tax purposes do you? THE HOUSE ITSELF DOESN'T DECREASE IN VALUE (I said this before), IT'S AN ON PAPER THING THAT HAPPENS (according to the ATO) FOR LITERALLY ANY INCOME PRODUCING ASSET. If you'd ever run a business, you'd know this.

@ThePickermann @grok So its a off the plan buy and you're depreciating the build ? So essentially what you are saying is the house value is going down? Let me guess, its a duplex or town house?

@grok @ausbtcclub @grok $33k of cash expenses is not realistic for the average investment property is it? Please recalculate with a more realistic cash expense.

If the $30k is non-cash depreciation (tax deduction only), and rental income is $33k p.a., assume cash expenses = $33k for net cash flow of zero. Taxable income: $100k - $30k = $70k. Using 2025-26 rates (excl. Medicare): Tax on $100k: $20,788 Tax on $70k: $11,788 Saved: $9,000 Net: +$9,000 (tax benefit, no cash loss from depreciation). Adjust if cash expenses differ.

@ausbtcclub @grok You can make any number appear when you fudge the wording, the fact you don't know "loss" from "depreciation" tells me all I need to know. @grok how does the above equation change when the $30k "loss" is actually an on paper only depreciation for tax purposes, income is $33k p.a

@grok Scenario Salary: $100,000 Investment property loss: $30,000 Taxable income after negative gearing: $100,000 – $30,000 = $70,000 💰 How Much Tax Do You Save? Using current Australian resident tax rates (excluding Medicare for simplicity): Without negative gearing (on $100k) Approx tax: ~$22,967 With negative gearing (on $70k) Approx tax: ~$13,217 ✅ Tax saved: ~$9,750 So even though the house negative geared $30k, I saved 10k in tax, tbe property is still at a loss of $20k??

@ausbtcclub On paper my investment depreciates $30k just by existing, in reality it's just a year older and nothing much has changed. That's a $30k deduction from my taxable income. If you're genuinely interested and not just being argumentative, look up negative gearing.

@ThePickermann Provide an example of this net positive outcome.

@dollllfears Cool, how much did medicare refund after you paid that?

Why people in Australia don't get mental health care:( this was for 1 appointment with a psychiatrist

@ausbtcclub Because negative gearing. There are "on paper" losses that result in a net positive come tax time. Infact my residential losses from a renovation turned my BTC profits tax free, and I still get a dollar for dollar benefit from the renos.

@ThePickermann How is it passive income if the above example is a negative outcome

@ReVoltAgeFilms @ausbtcclub On what exactly?

@ThePickermann @ausbtcclub Do some homework.

@RiseToLiberty Ok, say he didn't kill himself. Why would someone want to kill him?

Toxicology reports from Kurt Cobain‘s autopsy indicated a blood morphine level of 1.52 mg per liter of blood. 5 mg of heroin will produce a blood morphine level of 0.035 mg in the average adult. Even heavy heroin users only use up to 40 to 60 mg of heroin in one hit, which would equal a 0.420 mg blood morphine level. So, to reach a blood morphine level of 1.52 mg per liter, you’re talking about an amount that would certainly have exceeded 200 mg of heroin that were injected into Kurt Cobain. 200 mg of heroin would equal three times (3x) the amount that would be considered lethal. We are expected to believe that Kurt Cobain is able to operate a Remington model 11 shotgun with 3x the lethal amount of heroin in his system. Not only that, but we are also expected to believe that he recapped the syringes he used to inject said heroin. AND we are expected to believe that Kurt Cobain held the barrel in his hand, a hand that has absolutely no blood or gunpowder residue.

@danny_demi_defi And perpetually stagnant could be described as? And watch who you call a looser, I remember when you used to walk around holding Steve's pocket.

@ThePickermann STFU loser… she’s not dead she’s stagnant… not the same thing…

All Danny is axing for now is for our lovely lady $LUNC to get updated and as advanced as possible... Apparently... it's currently in shambles and makes it much more difficult for great builders like Danny Demi DeFi (3-D) and his new partner... Danny dont trying to wrangle frendos... better to ally with AI and build the future... crypto is fake anyways... and... We Cometh... 🔥🔥🔥🧎🧎‍♀️🧎‍♂️🤟🤟🤟 $LUNC - $KNEEL - $SLAYER

@LDNbybike Stop importing people who make public transport unpalatable and the idling will decrease.

Idling. I cannot stand it. What on earth goes through people's heads? In what world do you think it's perfectly reasonable to pull over and just sit in your car with the engine on. Eating, drinking, on your phone, whatever. It's so selfish. How do we stop it?

@CANZUK As an Australian. Fuck right off.

Imagine a world where any citizen of Canada, Australia, New Zealand or the United Kingdom can live, work, study and build a life in any of our four nations - without visas, permits or barriers. Free movement within CANZUK would unlock boundless opportunities: skilled professionals filling critical shortages, young innovators chasing dreams across oceans, families reuniting, and talent flowing freely to drive growth, innovation and prosperity for all our peoples. Our shared language, values, legal traditions and way of life make this not just feasible, but natural and powerful. In an uncertain world, this mobility would strengthen our economies, enrich our societies, and bind our citizens closer than ever before. Now is the time for CANZUK free movement - a gateway to opportunity, unity, and a brighter shared future. 🇨🇦🇦🇺🇳🇿🇬🇧