Main Street Investments

Ok I didn’t want to be the first to say it but I guess I have to be: no federal #bailout for bankrupt states & cities. Thank you.

81 years ago today, the men of Easy Company discover Kaufering IV, a satellite camp of the Dachau concentration camp system in Bavaria.

Go green and save some green during the Show Me Green Sales Tax Holiday! Now through April 25, qualifying #EnergyStar appliances are exempt from state and local sales tax. For more information and some helpful FAQs, visit sbrew.link/ScBeL4qx for details.

@AccountingToday @TobySalFP @finplan Good read @TaxAlphaInsider

Some wealthy investors facing concentration risk and possible capital gains taxes from highly appreciated stocks could find their exit ramps with an exchange fund, writes Toby Salinger @TobySalFP of @finplan. bit.ly/4tzI6p4 #tax #ExchangeFunds

@DailyTaxMemes This is why god invented ETFs

Woman who questioned our 2k tax prep fee has an advisor paid 30k annually and said advisor doesn’t understand why 100k in CGD from her basic bitch Franklin Templeton active managed mutual funds generated a bunch of unforeseen taxes

@NoLabelsOrg @BudgetHawks @MayaMacGuineas I think it might just never be repaid in a real sense (pun intended), but rather simply inflated away

America’s national debt just hit $39 trillion. As @MayaMacGuineas of @BudgetHawks warns, both parties helped build this problem—and neither seems eager to fix it. Washington must stop pushing the problem down the road and start working together on a serious fiscal plan. crfb.org/press-releases…

@charliebilello Here we’ve started to wonder if TIPS are just completely fraudulent…interested in what the public thinks…

Producer Prices in the US rose 4.7% per year over the last 5 years and over 25% in total. 2% inflation is a complete myth. The Fed should be hiking rates, not cutting.

@zerohedge “Dream of rehypothecaschunnnnnnn,” cc : @BradN05 #bhb #custody

MFS, the latest private credit collapse, was rehypothecating collateral and more than 80% of its £1.2 billion of debt may have been double pledged. This is the nightmare scenario

@WRanald @DavidBCollum You might consider $sgol. Held in der Scweitz

@DavidBCollum I’m hoping gold ETFs are a good proxy and correlation doesn’t break down if the poop really hits the fan.

Holy shit. The metals are going bonkers. Gold 2%; silver 5%;

@WUIPro_com @bethanyjbabcock Oops x.com/johnstossel/st…

@bethanyjbabcock Let's just remember that statistically most "good men with guns" end up shooting themselves and their families far more often than a threat or predator.

Almost every single person I’ve met with or received DM’s from on this platform have been incredible people. I want to remind the other few that slip into my DM’s on occasion, that my husband is extremely passionate about the second amendment as a means to express his patriotism. 🇺🇸

@FortWayneCPA No, lottery is a tax on stupidity - Sir William Petty, probably

Lottery tickets are a tax on the poor. I support everyone spending money how they see fit. But buying lottery tickets is a poor use of your money; however, I think of it as entertainment expense. Karena and I may have purchased 20 tickets in our lives, or less... The last tickets we bought might have been ten years ago.

@FortWayneCPA We have the best person for the @IRStaxpros @realDonaldTrump

Please repost this. It is time! I am ready to go to Washington DC! Why I Should Be the Next IRS Commissioner! I dropped out of college after my freshman year immediately following high school. I spent three years working minimum-wage jobs. I spent six years in the United States Navy, and I was a Reactor Operator on SSN 672. I qualified as an Engineering Watch Supervisor as an E-5. The next five years I worked as an hourly employee at a civilian nuclear power plant, a steel mill, a foundry, and a Pepsi bottling plant, and became a journeyman electrician over this time. I was a member of three different unions. I then spent four years as the Maintenance Manager at an assembly and packaging facility, where I was a member of management. I went back to college for 21 months at age 37 and earned my bachelor’s degree in business with a specialty in accounting. I later earned my MBA. I became a Certified Public Accountant in early 2007 just before I turned 40. I am the Managing Partner of a public accounting firm in Fort Wayne. We specialize in income taxes, tax planning, bookkeeping, payroll, and consulting. I personally review and sign 400 income tax returns per year. I grew up middle class, and my father retired as a field auditor from the Indiana Department of Revenue. I am a generalist and have a broad knowledge of how things work. I am a co-founder of The Collaboration Room, and I write on tax topics. My goals as IRS Commissioner are to: Work with technical experts in and outside of government to modernize the IRS. It is appalling that the IRS is still using systems that are more than 40 years old. Work with Congress to simplify the Internal Revenue Code. We have the most complicated tax code in the world, and this puts the United States at a competitive disadvantage. Coordinate with the Taxpayer Advocate and the U.S. Treasury Inspector General for Tax Administration to understand their recommendations and implement those changes that make sense. Form a deep understanding of how the IRS works, understand the problems it faces, and work with employees and managers at the IRS to streamline and improve the IRS. Our country relies on the Internal Revenue Service to collect the bulk of the revenue the federal government spends. We need to build a strong team at the IRS and stop vilifying them. Implement systems to gain constructive feedback from tax professionals and implement changes based on their recommendations. We need a modernized, streamlined, effective Internal Revenue Service and a simpler income tax code that is easier to administer. Mike Sylvester, CPA x.com/messages/22709…

@CPATaxTeam Long $DHI

We’re paying $300/mo LESS on our 4 bdrm 3500 sq ft home in Dallas than our daughter is paying for her 1 bdrm apartment in Norman.

To think there are people out there who genuinely believe that holding an S&P 500 index fund is a diversified investment portfolio. What a time to be alive…

@grok @elonmusk @grok list the highest debt / GDP nations in the world. Make a top 10 list.

@John_Kass taps sign: x.com/mainstreetinv/…

Do you think Illinois politicians get the anti-corruption message with the old man's head on the federal pike? No. Read my Sunday column "Boss Madigan Goes Down," for johnkassnews. johnkassnews.com/boss-madigan-t…

Ok serious question can a pardon be disclaimed? Like refused?

@Wirepoints Whoa

#Chicago Muni Pension Fund actuary: “Given low funded ratio and expected timing of employer contributions, Fund still at risk of potential insolvency if economic recession or market downturn occurs in near term.” Only 22% funded. Via @Wirepoints wirepoints.org/while-sp-downg… #twill @chicagosmayor

@jasonpiepmeier @money_cruncher Correct, however one requirement is that the HSA must be opened before the expense(s) is/are incurred :)

@money_cruncher There is no time limit on when expenses must be submitted per current legislation or IRS guidance? If not, that’s an incredible wealth hack indeed

HSA wealth hack: > Save all medical receipts on cloud > Don’t submit them for reimbursement > Funds grow tax free > Withdraw the funds tax free in 30 years by submitting all old receipts This allows you to benefit from the long-term untaxed growth in HSA.

"It's time to stop using the IRC as a conduit to affect public policy."