CryptoDR

$LUNA a thread - 1. @terra_money $LUNA is the first example I’ve come across in crypto of true blockchain & crypto adoption in the real world for the general public. 2.4m Koreans are signed up to a payment platform created by Terra called Chai

@cook20034 @h2w6gm6jz In the cult 👊 @h2w6gm6jz $h2w6gm6jz

@rawsalerts Why?? Can you elaborate

🚨#BREAKING: We are just under 30 minutes away from avoiding a partial U.S. government shutdown.

@bhallcpa Is this also the guy that sits on TikTok live for hours everyday fanning stacks of 100 dollar bills calling anyone that doesn’t buy his wholesaling course a McDonald’s worker?

Was this the TikTok video my imaginary business owner watched?

How writing off a $240,000 G-Wagon, plays out in reality: Let’s rewind the clock to December 2021. You are looking for a last minute tax deduction, and stumble across an appealing TikTok video suggesting you can buy an SUV >6k lbs and 100% write off the cost. So you head down to the dealership and plop $240,000 down on a brand new G-Wagon. (The AMG version, of course). You are in the 37% tax bracket and pay 5.75% at the state level, so the deduction will save you $102,600 in taxes. You tell your tax advisor, they sign off on it, and life moves on. But in 2023, you decide to sell it. You don’t need a business vehicle anymore and the G-wagon doesn’t meet your personal needs. Sales price = $190,000. Before you sell, you chat with your tax advisor. You’re shocked to learn you’ll owe taxes on the sale. Specifically, $81,255. You’re kind of bummed to realize your net tax savings was only $21,345 (between taxes saved on purchase and owed on sale), and further, the car’s actual value declined $50,000. You realize you lost $28,655 on this transaction overall. Honestly, that’s not too bad on a business vehicle. But you still have a problem: The $81,255 in unexpected taxes. So you start exploring how to mitigate it. You could buy a new business vehicle to do the whole write off thing again. The deduction on the new vehicle will mitigate or eliminate the $190k gain from the sale of your old G-Wagon. But you really don’t need a new business vehicle. And knowing you’ll be right back here in 2-3 years, you pass. As you sit in your morning ice bath, ingenuity strikes! What if I just move the G-Wagon from the business to myself? Surely, that would avoid this tax issue. Your accountant explains that, unfortunately, because you are an S-Corp, such distribution would be considered a taxable sale. Drats. Eventually, you just decide to sell it. Take the tax hit on the chin and move on. Nobody talks about this scenario when hyping up writing off a vehicle, but it is common. Further, Some of you will be unlucky and face an IRS audit. The IRS can audit a 2021 tax return all the way into 2025. You might not even own the vehicle anymore! Yet if you can’t substantiate how you used the vehicle for business, you’ll be facing an absolute mess. And the substantiation requirements are intense (see Frederick v. Commissioner for a good example of how a taxpayer was denied deductions related to his Aston Martin). Back taxes, penalties, interest (now 8%). Writing off a vehicle is a hassle. Sometimes, the hassle is worth it. But if you are an entrepreneur who rarely uses a vehicle and just looking for a tax deduction, I’d look for other ways to mitigate taxes.

@ShaunMalone1997 @WeBreatheFootb2 @MikeLUHG2 Exactly. Hardly the oracle is he. 98% of the planet predicted City would ultimately end up lifting the title, not rocket science when you look at the City squad and bench. Neville has a clear agenda against Arsenal, so bitter

@WeBreatheFootb2 @MikeLUHG2 Neville was *not* spot on. - said we were 'in trouble' at end of last season and Arteta should leave - said we wouldn't come top 4 - said United would finish ahead of us delusional punditry from a delusional pundit

Arsenal have got more criticism from Neville and co for finishing second than Manchester United have got for losing 7-0 to Liverpool and 6-3 to City whilst being 19 points behind them. As Brighton are praised for being 27 points behind them. Strange coverage of a "sport"

@arrington It blows my mind that donations to political parties are legal. If a cop pulls me over for speeding and I shove a wad of cash into their pocket = bribery and highly illegal. But if big pharma shove millions into the pockets of politicians = “donation” 🤔

This is what happens when you donate any amount of money. It should be criminal. I believe it would be for anyone not a big party politician. So gross.

All these politicians keep PERSONALLY texting me for advice (money). I’ve heard from Pelosi and Trump and Biden and so many others. Both sides of the aisle. All personally. I may be the most influential person in America.

🤡 thoughts on the bear: 1/ The reflexivity on the way down happens even faster than it does on the way up (as we've already seen). cont'd 👇

@N8RealEstate These were the words from the chairman of the fed yesterday, they’re actively trying to bring the housing market back down to earth. My personal take is we’re in for a bigger correction than everyone thinks- but don’t believe it’ll be an 08 sized dip. But who knows 🤷🏼‍♂️

Doomsday people: Why do you think the bottom is going to fall out on RE pricing? Why not just a cooldown/price correction?

@dustinevan @joshuabrowder @CelsiusNetwork If the government are taxing us on this “anti-government currency” then the plaintiffs have every right to be in there as much as anyone else

If you have under $10,000-25,000 with @CelsiusNetwork (or any crypto exchange that has frozen your funds), here is a step by step guide on how to get your money back ahead of everyone else using the law:

@tjgienger @ericweinstein Do you genuinely believe the government have less control over you because you sleep with a handgun under your pillow?

Somebody educate me. Let me imagine that a common sense pro Gun Control orthodontist sits down with a common sense Gun Rights homemaker. Both are US parents of three young kids at a school. No ideologues anywhere. What’s the *simplest* thing that causes the conversation to fail?

A party more moderate on all issues than either Reps or Dems would be ideal

Big moves in markets today. A quick thread to help you navigate cross asset market volatility with the help of charts and data. 1/10

1/ I’ve spent the last few days on the phone calling Terra community members – builders, community members, employees, friends and family, that have been devastated by UST depegging. I am heartbroken about the pain my invention has brought on all of you.

China's fourth-biggest property developer has missed a dollar bond coupon payment, becoming on of the biggest Chinese property companies to default bloomberg.com/news/articles/…

1/ Dear Terra Community:

No matter how this develops, Do Kwon has altered my life path for the better and given me purpose, stability, and personal autonomy. I'm certain this is how many people feel as well. I trust @terra_money & $LUNA as I've only ever seen them act in good faith for its community.

In 20 yrs, so many of you young folks today will look back at these crypto days and still be in disbelief at the wealth that slipped your fingers. Do yourself a favor, as your paper wealth grows on cartoon nft’s, airdrops, shitcoins, and dao tokens, keep extracting value. 1/n

@Independent With so many mainstream media companies saying @rustyrockets is crazy/dangerous, I watched some of his videos. Ironically, he seemed more balanced & insightful than those condemning him! The groupthink among major media companies is more troubling. There should be more dissent.

@RichieTenem @housing_human @rashidi_life @BarryRoland19 You’re missing the point I’m making. I couldn’t give less of a fuck how hard it is or isn’t installing a water heater, I’m not a plumber- I just don’t agree with someone telling someone else how much their time should be worth or attempting to devalue their profession

@CryptoTruth21 @housing_human @rashidi_life @BarryRoland19 Why are you so mad that any dip shit can install a water heater? There's nothing to it.

About to replace a water heater, call up main guy. $1300. Call up my #4 guy (unlicensed): “You’re in luck, someone ‘gave me one’ the other day. $450 all in” Now do you understand how hard it is to say no to the low bid?

@housing_human @rashidi_life @BarryRoland19 What specialised knowledge is required to diagnose a cold? Would you tell a doctor their fee is bullshit & they need to drop it because you decided it was an easy job? Electrical & gas are hazardous & kill- you want licensed, insured & experienced. You won’t get that for $100

@CryptoTruth21 @rashidi_life @BarryRoland19 People can get a B. Tech in engineering in four years - what specialized knowledge is required to change a heater? Why does someone need to drive over to price a heater? Look at a pic/video and see if it is short/long? Superintendents / neighborhood handymen do this all day long

@housing_human @rashidi_life @BarryRoland19 So you expect a tradesman to train for 4 years to get licensed, time to drive over to price job, time to source water heater, time to collect it, time to install it, commission it, pay overheads and then be grateful for your $100.. sounds like you should install it yourself 👍

@rashidi_life @BarryRoland19 A hot water heater is not rocket science; any decent plumber/apprentice can do it. $500 for hardware and $100 for install which takes less than 30 minutes. $1300 is a bullshit price.