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@MatrixMysteries It is NOT POSSIBLE for 2 people to pay the max amount of Social Security and pay in 1mm. In fact it would be closer to half of that if you paid the max every year since it started in 1935. TOTAL FICTION

A daughter loses both parents and checks their Social Security. They paid in for DECADES — nearly $1,000,000 combined. Her dad died before seeing a DIME. Her mom collected for only a few short years. They paid their whole lives. A lifetime of deposits for almost NOTHING back.

@Sowses_n_fixins @WesWarner11 @Playteaux1 Feel free to move there

@WesWarner11 @Playteaux1 It's so complicated only every other country in the world has figured it out

Years ago when Obama was running for his first term, my neighbors kept talking about how great Obama was. I never said a word to them about being conservative because back then I was more centrist. At the time I was a 1099 consultant so I paid for my own health insurance. It was about $650 for a family of three and we had a fairly low deductible. After Obama won and the ACA passed, I lost my health insurance and was told by BCBS that I had to go through the government website to apply. My insurance went from an affordable $650 a month to $2400 a month with a $10k deductible per family member. When I said this to my neighbor, they called me a liar. I asked them where they got their news and they said they watched Jon Stewart. I laughed so hard and they never spoke to me again. I’m glad they finally moved. I just wanted to say this: these are the people we are arguing with online. Completely uninformed buffoons. If you get your information from a late night comedian talk show host, we are not on the same level. Good riddance, Colbert.

@MaryBra07357029 @WesWarner11 @Playteaux1

@WesWarner11 @Playteaux1 That government democracy does not have a profit motive or shareholders, like insurance companies.

@LifeLikeSport @quips_n_jokes @ProjectLincoln You're a fucking retarded cunt aren't you.

@quips_n_jokes @ProjectLincoln Took Iran a couple of days to shut the Strait. Something the Orange Retard should've worked out but then he'd probably never seen a map of the region. How soon do you think everything will take to return back to normal? My money's not on 3 months, mate.

"If you want $3 gas, you're going to have to wait 6 years. We will not get back down to that sub-$70 oil level until 2032"

@quips_n_jokes @ProjectLincoln Thinking the same thing

@ProjectLincoln The spike that took three months to happen will take six years to come down? 😂 Who made this chart, a high school dropout?

@KarynNicholas @WhyHateWhite Free everything. Sure that is supposed to be funny

@JabautTim @WhyHateWhite

Look at the older white couple at the door. This behavior has become so common that old white couples just stand and watch it like its just another day of blacks doing what they do best ruin your day. Black communities better figure their people out

@KarynNicholas @WhyHateWhite

@WhyHateWhite Offer free incentives. Free small coffee if you can conduct yourself in a non-combative, civilized manner while in the store.

@LauraRutledge Congrats but also sad to see you leave.

Incredibly hard to walk away from a show that has meant so much to me but excited to still be involved in CFB. So much love to my SEC family ♥️

@BarnesSMJ @DefiantLs You just fucked everyone with a 401k or a house...

@DefiantLs Simple solution: 1. Cut income tax rates to 1/2 of current rates 2. Double capital gains tax rates It will have the added benefit of punishing politicians who seem to spend more time trading options in the equities market than writing bills.

Graham Platner on Jeff Bezos: "There’s absolutely no question that if we target the wealth where it has been hoarded for decades and put it into social programs like healthcare, childcare, paying teachers what they are worth"

@JohnTheRunner47 @Raclure03 500-1000 GPH.... So doubt it.

@Raclure03 It would take about a week to fill that up using a hose

SHUT UP AND TAKE MY MONEY ! !

@ezedike35071 @AmericaSpoof Because we want to. What are you going to do about it.

@AmericaSpoof United States colonizers are invading Iran for what exactly?

Airstrike on Iran. American fighter jets have reportedly destroyed Iranian airbases. More than 200 missile attacks have been carried out on Iran so far.

@drsuffy Your own math doesn't work. 2000 "meals" a day. Meals were $2.99. 365 days a year would be 2,182,700, but you just said it was less than half of that. this is why we just write off you insufferable cunts math. You didn't live it, stop with the revisionist history.

Again, boomers can't math. Anyways, per McDonald's information, in the beginning of 1980, a new location would do $1 million in sales in a year, that would double by 1989 They would sell 2000 meals a day minimum averaged out in the US. During that time they made a new McDonald's every 16 hours, tripling in total sales by boomers. In fact it was so incredible, it's called the Golden Age (pun intended off the golden arch) In fact, per a survey done in 1984, 20% of Americans in this time ate specifically McDonald's at least once a week, with a 13% of them every day. These numbers kept growing EXPONENTIALLY to the point that the SuperSize program begun, to help fuel the boomers. So no, it was 3 burgers per year. It was 3 McDonald's burgers specifically at least once a week.

@bobbydownes @hxxntrr Its paid for out of the estate.... But there are no taxes taken out.

@hxxntrr In your scenario, what happens to the loan after Elon passes away?

Elon Musk hasn't sold a Tesla share in years and lives off $1 billion in personal loans His Tesla stock keeps appreciating The loans charge him 2-3% interest The IRS never sees a single dollar of capital gains tax This is exactly how the wealthiest people in America accumulate wealth without paying taxes and it's available to anyone with $100K+ in assets The strategy is called "borrow against appreciated assets" or sometimes "buy borrow die." It's the single most powerful tax-minimization strategy used by ultra-wealthy individuals in America Mechanics: When you SELL an asset that has appreciated, you owe capital gains tax. Federal long-term capital gains rates: 0%, 15%, or 20% depending on income. Plus state capital gains in most states (CA: 13.3%; NY: 8.82%). Plus net investment income tax of 3.8% for higher earners (IRC Section 1411) For someone like Elon Musk selling $1B in Tesla stock, the total tax bill would be approximately: Federal capital gains at 20%: $200M Net investment income tax at 3.8%: $38M Texas state tax: $0 (Texas has no state income tax, this is why Elon moved there) Total tax bill on selling $1B: $238M When you BORROW against appreciated assets, you owe ZERO tax. Loan proceeds are not income under IRC Section 61. They never appear on your tax return. They never trigger a tax event For Elon to access $1B in cash for spending purposes, the math is: Sell $1B in Tesla stock: $762M in net proceeds after tax OR Borrow $1B against $1B in Tesla collateral at 2-3% interest: $1B in net proceeds tax-free Selling costs him $238M in taxes Borrowing costs him $20-30M/year in interest (or roughly $200-300M over a decade if held that long) But the borrowing strategy has additional benefits: Tesla stock continues to appreciate. Over 10 years, $1B in Tesla stock has historically appreciated to multiples of that. Selling locks in the gain at today's value. Borrowing keeps the upside The interest paid on the loan is potentially tax-deductible if structured as an investment loan (IRC Section 163(d)). Effective after-tax cost can be reduced to 1-2% The loan never has to be repaid during his lifetime. He can refinance it indefinitely. When he dies, his heirs inherit the stock at a "stepped-up basis" (IRC Section 1014). The accumulated capital gains die with him. The heirs sell the stock at the stepped-up basis, pay off the loan, and keep the entire upside tax-free The wealth transfers from Elon to his heirs entirely tax-free if structured correctly. Estate tax is a separate question but is largely avoidable through proper trust structures The ultra-wealthy version of this strategy: Borrow against appreciated stock Use the loan proceeds for consumption (homes, cars, art, business operations) Never sell the underlying stock Refinance the loan at maturity to extract more cash if the underlying has appreciated Pass everything to heirs at death with stepped-up basis Heirs sell with $0 in accumulated capital gains tax owed This strategy is sometimes called "buy, borrow, die" by tax planners. It's the foundation of how billionaire wealth perpetuates across generations without significant taxation Available products for this strategy: Pledged Asset Line (Schwab): borrow up to 50-70% of portfolio value at SOFR + 1-2% Securities Backed Line of Credit (Morgan Stanley, Goldman): similar terms, $1M+ minimum Custom Lending Solutions (private banking): for $10M+ portfolios, rates can drop to 1-2% The accessibility tier: If you have $100K+ in investment assets at Schwab/Fidelity/Vanguard, you can open a Pledged Asset Line. Typical terms: borrow up to 50% of your portfolio value at SOFR + 1.5-3% (current rates roughly 6-8% all-in). No fixed monthly principal payments. Interest only or pay nothing as long as the loan stays below the maintenance threshold For someone with $200K in stocks/ETFs: Borrow $100K at 6.5% Use the $100K for any purpose (real estate down payment, business operations, etc.) Annual interest cost: $6,500 Tax savings vs selling stocks: roughly $20,000-$30,000 in deferred capital gains Net benefit: $13,500-$23,500/year in tax savings during the borrowing period For someone with $1M in stocks/ETFs: Borrow $500K at 6.5% Use the $500K for real estate purchases, business equity, etc Annual interest cost: $32,500 Tax savings vs selling stocks: roughly $100,000-$150,000 in deferred capital gains Net benefit: $67,500-$117,500/year Comparison to the alternative: If you sell $500K in long-term appreciated stock to access cash: Federal capital gains at 15%: $75,000 owed State capital gains (varies): $20,000-$40,000 owed Net cash to you: $385,000-$405,000 If you borrow $500K against the same stock: Net cash to you: $500,000 Tax owed: $0 Annual interest cost: $32,500 Even paying $32,500/year in interest, you're $90K-$110K ahead in year 1 and the gap grows because your stock keeps appreciating while you hold it The compounding effect over 20 years: Person A sells $100K of Tesla stock at 15% capital gains, takes $85K. Spends it Person B borrows $100K against $100K of Tesla stock, takes $100K, spends it. Stock keeps growing at historical rate (let's say 20%/yr conservatively) 20 years later: Person A: stock is gone. Whatever they bought with $85K is whatever it is Person B: still owns the original $100K in Tesla, now worth $3.8M. Refinanced the loan multiple times. Currently owes maybe $200K against $3.8M in collateral. Net wealth on this position: $3.6M Same starting position. Different decision. $3.5M+ difference in 20 years Important caveats: The strategy works only when underlying asset is appreciating Margin call risk if asset value drops below maintenance threshold Interest costs accumulate over time and eventually reduce the net benefit if rates rise enough Some borrowing limits apply (typically max 50-70% of portfolio value) The strategy is most powerful for: Concentrated stock holdings in publicly traded companies (especially employee stock from tech companies, founder stock, ESOP grants) Large diversified portfolios held in taxable brokerage accounts Real estate equity (similar strategy via cash-out refinances) Business equity (some forms of borrowing available against ownership stakes) The strategy is least useful for: Small portfolios under $50K (interest costs eat any benefit) Retirement accounts (can't borrow against IRAs/401(k)s; some 401(k)s allow loans but limited to $50K) Assets without an established lending market (collectibles, private real estate that's hard to finance) The reason this isn't standard financial advice: Most financial advisors are compensated based on assets under management. They make more money when you keep assets invested. They don't necessarily make money when you optimize for cash extraction. The strategy is genuinely good for sophisticated clients but doesn't fit the standard advisor compensation model Banks DO know about this strategy. They actively market it to wealthy clients. The Pledged Asset Line and securities-backed line of credit products are billion-dollar businesses at every major brokerage. They're just not marketed to ordinary retail clients because the minimums and complexity make them inappropriate for mass market The threshold for accessing this strategy: $100K+ in liquid investment assets = entry-level access via Schwab/Fidelity $1M+ = full access to most products and competitive rates $10M+ = access to private banking rates of 1-2% $100M+ = Elon-level rates of essentially 0% real cost after tax deduction and stock appreciation At each tier, the math becomes more favorable. The richest Americans access this strategy at rates that mean borrowing $1B is essentially free relative to their portfolio appreciation Most middle-class Americans never use this strategy because: They don't know it exists They don't have $100K+ in taxable investment accounts They follow standard advice that says "live within your means and don't borrow" The wealthiest Americans use it constantly because: They have the assets They understand the math They follow advice from advisors who are sophisticated about tax optimization The gap between the two groups isn't talent. It's understanding that the tax code is written to reward holding assets indefinitely and penalize selling them. Selling = taxable event. Holding + borrowing = no taxable event. The system rewards never realizing gains Elon never sells Tesla. He never pays capital gains tax. The IRS doesn't collect a dollar from his accumulated wealth. The strategy is legal. It's mathematically optimal. And it's been written into the tax code since before any of us were born You don't need to be Elon to use this strategy. You need $100K and a Schwab account (we get business owners up to 250k in 0% interest business funding, link in bio)

@RooVol @FOXSportsKnox And now the struggle to get tickets... Calling in favors to Drs at Chapel Hill.

@JabautTim @FOXSportsKnox Yes sir! 🍊

BREAKING: Tennessee Baseball will travel to North Carolina for the Chapel Hill Regional in the NCAA Tournament 🍊 Chapel Hill Regional: No. 1 North Carolina (5th overall seed) No. 2 Tennessee No. 3 East Carolina No. 4 VCU The #Vols first game versus No. 3 East Carolina will be on Friday at 12 p.m. ET on ESPNU. Tennessee enters the tournament with a 38-20 overall record after going 15-15 in SEC play, and has been to seven straight NCAA Tournaments appearances since 2019. What do you expect from the Vols?🤔

@CupittMatthew @lomaxx "Those you can afford it most" 1) Who decides who can afford it most? 2) This is unrealized and by its very nature is not liquid. The owners do not actually have the funds until they sell and they can go up OR down constantly.

The idea is you tax those you can afford it the most. Tax is not punishment but is how we fund services. Think about it ... if you can afford to invest money then you have "spare" cash and you're certainly not on the breadline. If you don't contribute to tax revenue then who should?

This is where the “tax the rich” crowd lose me. Say I earn 90k a year and in 2027 I inherit $200,000 I invest that $200k and after 10 years in the stock market it’s now worth $400k If I sell it and realise the $200k capital gain, what the govt and the “tax the rich” crowd are saying is that I should be taxed as if I make $290k every year. Now if I try and split that CGT income across 2 people I’m “greedy” and avoiding tax But if I sell down in 4x $100k lots over 4 years and minimise my tax, that’s ok and nobody bats an eyelid - but it’s the same principle.

@JohnLeFevre Doesn't the water from farming go right into the groud, where some evaporates and the rest back into the aquafers. Even the evaporative properties means that it will return to earth via rain. Or am I missing something here?

California almond farmers use 1.5 trillion gallons of water per year - 8x more than all US data centers combined. And golf courses use 500 billion gallons of water. This isn’t environmentalism; it’s propaganda. Are green fairways and almond exports more important than space exploration and cancer research?

@darrelltalksfi Average or Median?

Fidelity tracks more than 53 million retirement accounts every quarter. The average balances: IRA: $137,095 401(k): $146,400 403(b): $133,500 How does the average person plan to retire?

@SparkingFIRENC @brubaker_tom My problem I am trying to figure out is to keep income levels low enough to keep ACA premiums manageable, I leave a lot in market which will force more RMD and therefore affect IRMAA later in life.

@JabautTim @brubaker_tom The ACA will take care of premiums The HSA will take care of deductibles

For the 2 years my boss has kept trying to get me to apply for a promotion at work I keep saying NO! As a person on a financial independence journey, why would I say no to more money? As a 32 year old man why would I say no to growth? It is because it isn’t the right fit. The position would pay $20-25k more a year (which would finally give me a six figure income!!) but with it I would have to manage a team, work weekends and have at least 3x the responsibility These are 3 things I have no interest in. I value my weekends way too much and don't want to manage people The financial side is also interesting. After taxes the increase would probably be about $15k. I would now be working an extra 10 hours a week at least potentially including weekends!! This isn’t enough for me and here is why! I already have a plan to retire in under 8 years based on my current income. My savings rate is already 70%. I enjoy my flexible schedule that allows me to go to local sporting events and meeting up with friends right after work Although I’m not financially independent yet, having the financial foundation that I built so far allows me to avoid taking a job I don’t want and lets me continue living intentionally while waiting for the right opportunity Would you go for the promotion if you were in my shoes?

@SparkingFIRENC @brubaker_tom Yes providing you are livng an a moderately low income level. Not sure how large your family is.